Lead Acid Battery Market - Analysis by Application, Construction, End-Users, and Geography - Growth, Trends and Forecast (2019 - 2024)

Lead Acid Battery Market - Analysis by Application, Construction, End-Users, and Geography - Growth, Trends and Forecast (2019 - 2024)

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The lead-acid battery market is driven by increasing disposable income which leads to an increase in demand for vehicles and electronic items. The world’s population is shifting towards urban areas, as it is evident from the fact that 55 percent of world population lives in urban areas as of May 2018 which is anticipated to increase to 68 percent by the end of 2050. The growing disposable income and improving the lifestyle of peoples is consequently, leading to an increase in the use of electrical devices which contributes to the demand for lead-acid batteries. The energy-to-weight ratio of the lead acid battery is low, but it can supply large surge currents, indicating a high power-to-weight ratio, primarily useful for SLI (Starting Lighting Ignition) applications. Also, due to the low cost, lead-acid batteries are preferred when the price is more important than the energy-to-weight ratio, for example, in backup supplies for mobile phone towers, hospitals, and off-grid remote storage. Lead acid batteries in the automotive applications contribute to more than 60% of the market. The global car sales increased by 2.4 percent in 2017 and the growth is expected to continue in coming years thus leading to an increase in demand for lead-acid batteries.

Declining Cost of Lithium-Ion Battery - Restrains the Market

The demand for the lead-acid battery is hindered by the declining cost of its alternative li-ion battery. The price of Li-ion battery has declined by around 80% between 2010 and 2017 and reached USD 209 per kWh in 2017, mainly due to technology improvement and economies of scale. Further, the trend is expected to continue and price is expected to fall below USD 100/kWh by the end of 2025. Also, fierce competition among the manufacturers is also instrumental in reducing the prices. The sharp and sustained cost reduction is expected to help reinforce lithium-ion in all energy storage markets, which in turn, is expected to restrain the market for lead-acid batteries across the world in coming years.


Asia-Pacific to Dominate the Market Share

Asia-Pacific is the leading market for lead-acid batteries across the world due to the presence of major developing countries i.e. China, India, South Korea, etc. According to Society of Indian Automobiles Manufacturers (SIMA), the total automotive sales across India has grown by over 22 percent from 2011 to 2016. Expanding automobile sales have aided the growth of SLI lead-acid batteries. Two wheelers are among the largest user of SLI batteries. India is among the world’s largest telecommunication markets and has witnessed a huge growth in the usage of internet due to low internet prices in the recent past. The number of internet users is expected to nearly double to 650 million by 2020, which is expexted to translate into an increase in demand for telecommunication tower. As a result, the demand for lead acid batterie in the telecommunication sector is expected to increase during the forecat period. 


Key Developments in the Market

  • February 2018: Johnson Controls partnered with the China’s largest e-commerce company JD.Com Inc. (ADR) to supply automotive batteries to both automotive retailers and customers in China.

The major players include - Johnson Controls, Exide Technologies, GS Yuasa Corp., ATLASBX Co. Ltd., East Penn Manufacturing Co., Crown Battery Manufacturing, C&D Technologies, Inc., Narada Power Source Co., Ltd., Amara Raja Batteries Ltd., and Leoch International Technology Ltd., amongst others.

Reasons to Purchase This Report

  • Current and future lead-acid battery market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments and strategies employed by the major market players
  • 3 months analyst support along with the Market Estimate sheet (in excel)

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1. Executive Summary                  

2. Research Methodology                           

                2.1 Scope of the Report               

                2.2 Market Definition     

                2.3 Study Assumptions

                2.4 Study Deliverables  

                2.5 Research Phases     

3. Market Overview                         

                3.1 Introduction              

                3.2 Market Size and Demand Forecast until 2023 (in USD billion)

                3.3 Recent Trends and Developments   

                3.4 Government Policies & Regulations 

                3.5 Investment Opportunities   

4. Market Dynamics                       

                4.1 Drivers         

                4.2 Restraints   

                4.3 Opportunities            

5. Supply Chain Analysis                              

6. Industry Attractiveness - Porter’s Five Force Analysis                               

                6.1 Bargaining Power of Suppliers           

                6.2 Bargaining Power of Consumers       

                6.3 Threat of New Entrants        

                6.4 Threat of Substitutes            

                6.5 Intensity of Competitive Rivalry        

7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)                  

                7.1 By Application           

                                7.1.1 SLI (start, light and ignition batteries)

                                7.1.2 Stationary

                                7.1.3 Motive

                                7.1.4 E-bikes

                                7.1.5 Others

                7.2 By Construction       

                                7.2.1 Flooded

                                7.2.2 VRLA (valve-regulated lead-acid)

                7.3 By End-Users             

                                7.3.1 Industrial

                                7.3.2 Commercial

                                7.3.3 Residential

8. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)                     

                8.1 North America          

                                8.1.1 United States

                                8.1.2 Canada

                                8.1.3 Rest of North America

                8.2 Europe         

                                8.2.1 United Kingdom

                                8.2.2 Germany

                                8.2.3 Italy

                                8.2.4 Spain

                                8.2.5 Russia

                                8.2.6 Rest of Europe

                8.3 Asia-Pacific

                                8.3.1 China

                                8.3.2 India

                                8.3.3 Japan

                                8.3.4 South Korea

                                8.3.5 Rest of Asia-Pacific

                8.4 Middle East & Africa

                                8.4.1 Saudi Arabia

                                8.4.2 United Arab Emirates

                                8.4.3 South Africa

                                8.4.4 Rest of Middle East & Africa

                8.5 South America          

                                8.5.1 Brazil

                                8.5.2 Argentina

                                8.5.3 Rest of South America

9. Key Company Analysis* (Overview, Products & Services, Financials**, Recent Development, and Analyst View)                               

                9.1 Johnson Controls   

                9.2 Exide Technologies

                9.3 GS Yuasa Corp.         

                9.4 ATLASBX Co. Ltd.     

                9.5 East Penn Manufacturing Co.             

                9.6 Crown Battery Manufacturing            

                9.7 C&D Technologies, Inc.         

                9.8 Narada Power Source Co., Ltd.           

                9.9 Amara Raja Batteries Ltd.     

                9.10 Leoch International Technology Ltd.            

                *List not Exhaustive      

10. Competitive Landscape                        

                10.1 Mergers & Acquisitions      

                10.2 Joint Ventures, Collaborations, and Agreements

                10.3 Market Share Analysis                

                10.4 Strategies Adopted by Leading Market Players

11. Future of the Market                              

12. Appendix                    

                12.1 Contact Us               

                12.2 Disclaimer

**Subject to availability on public domain

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