An Incisive, In-depth Analysis on the Automotive Lead Acid Battery Market
This study offers a comprehensive, 360 degree analysis on the Automotive Lead Acid Battery market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Automotive Lead Acid Battery market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Due to their shock and over–charge resistant properties, lead acid batteries are considered more trustworthy. Sealing techniques used in lead acid batteries guarantee that the batteries are leak-proof. Furthermore, these batteries have more lifespan than other batteries types. Due to this functional advantage, lead acid batteries have become one of the most desired battery types globally. With rising advancements in battery technologies, the average lifespan of a battery ranges from 3-5 years. These batteries have to be replaced at regular intervals for smooth operation in vehicles. As compared to other recent batteries like Li-ion and Ni-MH, lead acid battery is relatively cheaper.
Numerous applications of lead acid batteries to support additional functions in various vehicle fragments such as LCVs (light commercial vehicles) and passenger cars, apart from ignition (SLI) and basic starting lighting are bolstering their demand in the market.
Augmenting Vehicle Electrification to Boost Demand for Automotive Lead Acid Battery
Owing to the growing demand for electric and hybrid vehicles, especially in Western Europe and North America, alternate batteries such as AGM and EFB are favored due to their better functionality and performance. Rising electrification and modification, particularly for micro-hybrid and electric vehicles, are leading to growing inclination towards AGM and EFB batteries. High cold cranking ampere (CCA) benefits of AGM batteries higher starting power.
Pricing Volatility Affecting Profit Margins of Automotive Lead Acid Battery Manufacturers
According to FMI analysis, variations in the cost of raw materials, specifically of lead, have affected the pricing of the product. This has affected the revenue, as the margins decrease with increasing prices of the raw material. Owing to these variations in cost of lead, lead acid battery prices are estimated to fluctuate during the forecast period. The variation in price is due to lack of adequate mine production.
Competition from substitute products, which are used for batteries such as (Ni-MH) nickel metal hydride, lithium-ion (Li-ion), and zinc-air. Li-ion batteries are suitable for applications in electric and hybrid vehicles, hindering the demand for lead acid batteries. Moreover, lead acid batteries have relatively limited application, bigger battery size, and lower energy density in motive powered vehicles.
Automotive Lead Acid Battery Market Structure Analysis
- The presence of major players such as Johnson Controls, GS Yuasa, along with AC Delco, Camel Group, Panasonic, Shin-kobe (Now Hitachi Chemical), and C&D Technologies Inc., makes the automotive lead acid battery market consolidated.
- APAC region is estimated to subsidy regional players such as Exide industries Ltd., ATLASBX Corporation, GS Yuasa, and Sebang Global Battery, which are gradually growing their presence in Asia, particularly in India.
FREQUENTLY ASKED QUESTIONS ABOUT Automotive Lead Acid Battery Market
How will the automotive lead acid battery market be critical in the future?
Global automotive lead acid battery is anticipated to witness high growth, primarily driven by electrification and modification in vehicles. Rise in start stop systems is anticipated to propel the sales of automotive lead acid batteries. Automotive lead acid battery continues to dominate the market as preferred storage device of automotive starting and power supply systems. However, with increased warranty time of new high-tech vehicles, lead acid batteries are facing high competition from alterative storage technologies.
Will declining price of li-ion batteries affect the future trajectory of the automotive lead acid battery market?
The price of li-ion batteries has risen dramatically over the past couple of years, which has hindered the demand for lead acid battery. The price of lead acid battery has remained relatively stagnant as compared to new-age batteries such as li-ion batteries. However, the sales will remain significantly influenced by the ‘high recyclability’ quotient.
Which application area holds potential growth opportunities for automotive lead acid battery market players?
While automotive & transportation sector continues to influence growth strategies, growing demand for stationary batteries as power backup systems in industrial sector will result in increased market share.
What is the degree of competition in the automotive lead acid battery market?
Automotive lead acid battery market shows a perfect competition structure, along with large number of regional and local market players. In the current scenario, industry leaders such as Johnson Controls International Plc., GS Yuasa Corporation, Hitachi Chemical Company Ltd., and EnerSys collectively hold around one-fourth of the total revenue share.
Which region will lead the global sales of automotive lead acid batteries?
Asia Pacific Excluding Japan (APEJ) remains in the vanguard of the automotive lead acid battery market, with emergence of China and India as the world’s largest automotive markets. While recent decline in auto sales in these countries are expected to affect the market growth, manufacturers are focusing on capitalizing on grid storage and stationary industrial application areas.
Automotive Lead Acid Battery Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029
The research study by Future Market Insights (FMI) on global automotive lead acid battery market offers a ten-year forecast from 2019 to 2029. The study on automotive lead acid battery market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, along with a complete valuation of the most important market dynamics. For the research study of automotive lead acid battery, 2018 has been considered as a base year. The report includes detailed assessment on the automotive lead acid battery market structure along with key market dynamics such as drivers, restraints, opportunity, and trends.
Key indicators of the market growth, such as supply chain and value chain analysis, Compounded Annual Growth Rate (CAGR), and Year-on-Year (Y-o-Y) growth of the market are explained in FMI’s study in comprehensive manner. After conducting thorough research on the historical as well as current growth parameters of the automotive lead acid battery market, the growth prospects of the market are obtained with maximum precision.
Automotive Lead Acid Battery Market: Segmentation
The global automotive lead acid battery market is segmented to cover every aspect of the market in detail and present complete market intelligence to the reader.
Chapter 01 – Executive Summary
The report starts with the executive summary of the automotive lead acid battery market. This chapter includes a brief summary of the statistics and key findings of the market. Furthermore, in this arena, the analyst has also mentioned overall market approaches, target geographies, and differential strategies.
Chapter 02 – Market Introduction
Readers can find the definition and a detailed taxonomy of the automotive lead acid battery market in this chapter, which will help them understand the basic information about the automotive lead acid battery market.
Chapter 03 – Global Automotive Lead Acid Battery Market
In this chapter, we have covered the market revenue and Y-o-Y growth of the automotive lead acid battery market. It also explains the market dynamics such as drivers, restraints, trends, and opportunities. Through this, stockholders can gain knowledge by studying different trends and challenges in the market. Furthermore, this segment elaborates on the behavior of consumers and suppliers. Along with this, macroeconomic factors affecting the automotive lead acid battery market are also included in this section. Furthermore, this section illustrates more about the supply chain of the automotive lead acid battery market.
Chapter 04 – Global Automotive Lead Acid Battery Market Analysis 2014-2018 & Forecast 2019-2029 by Battery Type
Based on battery type, the automotive lead acid battery market is segmented into flooded, enhanced flooded, and AGM. In this chapter, readers can find information about the annual growth of each segment, market share, and market attractiveness analysis based on battery type.
Chapter 05 – Global Automotive Lead Acid Battery Market Analysis 2014-2018 & Forecast 2019-2029 by Vehicle Type
Based on vehicle type, the automotive lead acid battery market is segmented into passenger cars and light commercial vehicles. In this chapter, readers can find information about the annual growth of each segment, market share, and market attractiveness analysis based on vehicle type.
Chapter 06 – Global Automotive Lead Acid Battery Market Analysis 2014-2018 & Forecast 2019-2029 by Sales Channel
Based on sales channel, the automotive lead acid battery market is segmented into original equipment manufacturers (OEMs) and aftermarket. In this chapter, readers can find information about the annual growth of each segment, market share, and market attractiveness analysis based on sales channel.
Chapter 07 – Global Automotive Lead Acid Battery Market Analysis 2014-2018 & Forecast 2019-2029 by Region
This chapter explains how the automotive lead acid battery market will grow across various geographic regions such as North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Chapter 08 – North America Automotive Lead Acid Battery Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter includes a detailed analysis of the growth of the North America automotive lead acid battery market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the impact analysis of market dynamics, and market growth according to various segments and countries in North America.
Chapter 09 – Latin America Automotive Lead Acid Battery Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter provides the growth scenario of the automotive lead acid battery market in Latin American countries such as Brazil, Mexico, and Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Chapter 10 – Europe Automotive Lead Acid Battery Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
Important growth prospects of the automotive lead acid battery market based on its end users in several countries such as Germany, France, Italy, the U.K., Spain, Russia , and the Rest of Europe are included in this chapter, which gives an assessment of the market across all target segments.
Chapter 11 – Asia Pacific Automotive Lead Acid Battery Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter highlights the growth of the automotive lead acid battery market in Asia Pacific by focusing on China, Japan, South Korea, India, Australia, and Rest of APAC. This section also helps readers understand key factors that are responsible for the growth of the automotive lead acid battery market in Asia Pacific.
Chapter 12 – Middle East & Africa Automotive Lead Acid Battery Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
In this chapter, readers can find the growth prospects of the automotive lead acid battery market in Turkey, South Africa, Iran, and Rest of Middle East & Africa, with the impact of market dynamics over the forecast period.
Chapter 13 – Competition Landscape
In this chapter, readers can find detailed information about the industry structure analysis and leading players with their share. Furthermore, in this chapter, readers can find market share analysis methodology, market share analysis, supplier capacity, competition dashboard, comprehensive list of all the prominent stakeholders in automotive lead acid battery market, and company profiles. In the TOC section, the team has mentioned key players in the automotive lead acid battery market.
Chapter 14 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the automotive lead acid battery market report.
Chapter 15 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the automotive lead acid battery market.
Sources and Primary Research Splits (%):-
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- Industry Associations
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites