Lead Acid Battery Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Feb-2020 | List of Tables : 80 | List of Figures : 125 | No. of Pages : 170 | Report Code : FACT4555MR | Format :

Transportation Segment to Grow Swiftly, on Back of Heightened Demand from Electric Vehicles

Lead acid batteries are widely used in the transportation industry, as countries are adopting electric vehicles to reduce carbon emissions. The demand for lead acid batteries in the transportation industry is growing at a rapid pace, as emerging economies’ governments support clean energy and environmentally friendly modes of transport. Many automotive battery OEMs are getting subsidies to enforce production capacity. The widespread usage of conventional vehicles in ASEAN countries coupled with a rising trend of electrification of vehicles in North America and Western Europe is anticipated to create a plethora of opportunities for lead acid battery manufacturers by 2029 end.

The transportation segment is estimated to create an absolute $ opportunity worth US$ 12 Bn during the end of the forecast period (2019-2029). However, the stationary industrial segment is foreseen to grow around 1.4X faster than the motive industrial segment.

Flooded Batteries to Account for Major Chunk of Market Share

Flooded batteries have garnered noteworthy importance in Asian and European regions due to low, upfront costs. The flooded batteries are widely adopted owing to its high backup power and its ability to operate when charged partially. Flooded batteries are preferred in grid energy storage and utility. Furthermore, flooded batteries required maintenance, but they are economical and come in different shapes and sizes, making them ideal for various applications.

Owing to increasing commercial and residential backup batteries, the flooded battery is expected to grow at 2X times faster than the absorbent glass mat (AGM) batteries in 2029. On the other hand, the AGM batteries are estimated to create an absolute dollar opportunity worth US$ 15 Bn by the end of 2029 and expected to grow at an impressive value CAGR of 7% during the forecast period.

lead acid battery market 01

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APEJ to Spur Growth of Lead Acid Battery Market

Revenue for lead acid batteries in the APEJ region mainly comes from the automotive sector, owing to the strong demand for passenger vehicles, coupled with rising awareness and adoption of electric vehicles. Apart from this, the growth of this region is mainly driven by emerging countries like China and India which are focusing on reducing their carbon foot print. Moreover, these countries mostly prefer cost-effective battery storage, therefore lead acid batteries are preferred.  

APEJ is estimated to create an absolute dollar opportunity worth nearly US$ 19.2 Bn, through the forecast duration. Furthermore, owing to the optimistic outlook of the automotive sector in this region, it is forecasted to account for 39% in the overall value opportunity created in the lead acid battery market. Western Europe is estimated to grow 1.5X times faster as compare to 2019 and is estimated to create an absolute dollar opportunity worth US$ 6 Bn during the forecast period.

lead acid battery market 02

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Acquisitions and Capacity Expansions to Enhance Market Resiliency

Industry leaders are continuously focusing on acquiring several distributors to expand their global footprints. Companies are also emphasizing on opening up a new production plants to increase their production capacity. For instance,

  • In 2018, EnerSys acquired Alpha Technologies Inc. to accelerate EnerSys’ competitive position and enable it to deliver an expanded product portfolio in power and energy storage
  • In 2018, GS Yuasa Corporation opened its biggest production plant in China for the production of lead acid batteries
  • In 2017, the Crown Battery Corporation acquired Warehouse Energy Power, with an objective of expanding its production facilities in the domestic market

Global Lead Acid Battery Market – Scope of the Report

The lead acid battery market is anticipated to observe a significant growth during the forecast period of 2019 to 2029, according to the Fact.MR study. The study propounds key trends that are currently shaping the growth of the lead acid battery market. This newly published and insightful report sheds light on the key dynamics, which are expected to transform the future of the lead acid battery market. This, in turn, is creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of lead acid battery.

The lead acid battery market study is a sinuous market intelligence on the key drivers, challenges, industry trends and opportunities, which is likely to influence the growth trajectory of the lead acid battery market. The report initially imparts an overview of the lead acid battery market, considering current and future prospects in growth, to unveil attractive facets pertaining to the adoption of lead acid battery across key regional markets.

An in-depth assessment of a few of the lead acid battery manufacturers offered in the report enables the report readers to gain detailed insights that are derived from lead acid battery manufacturers across regional markets. A list of key companies operating in the lead acid battery market provided in the report adds to the credibility of this exhaustive research study.

Global Lead Acid Battery Market: Opportunity Analysis

The report offers a detailed study of different factors influencing demand, sales, and revenue generation in the lead acid battery market around the world. The opportunity analysis included in the report is beneficial for readers to better understand opportunities in the lead acid battery industry, which in turn, is likely to trigger the adoption of lead acid battery. An elaborated cost structure analysis provides the report with innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.

A detailed forecast on the global lead acid battery market has also been offered by experts, who have categorized market forecasts into a likely scenario, a conservative scenario, and an optimistic scenario regarding adoption and involvement of the global market during the forecast period. Analysis and assessment of price point by region has also been included in this study. The study also exerts details on aspects impacting strategies of manufacturers within the global lead acid battery market.

Global Lead Acid Battery Market: Segmentation

Segmentation table of the global lead acid battery market has been provided below on the basis of application, product type and region.

Application

Product Type

Region

Transportation

  • OEM Transportation
  • PC
  • LCV
  • HCV
  • Two Wheelers
  • Others
  • Aftermarket Transportation
  • PC
  • LCV
  • HCV
  • Two Wheelers
  • Others

Flooded

 

North America

Motive Industrial

  • OEM Motive Industrial
  • Aftermarket Motive Industrial

AGM (Absorbent Glass Mat)

Latin America

Stationary Industrial

  • OEM Stationary Industrial
  • Aftermarket Stationary Industrial

Gel

Western Europe

Commercial

  • OEM Commercial
  • Aftermarket Commercial

 

Eastern Europe

Residential

  • OEM Residential
  • Aftermarket Residential

 

APEJ (Asia Pacific Excluding Japan)

Grid Storage

  • OEM Grid Storage
  • Aftermarket Grid Storage

 

Japan

Others

  • OEM
  • Aftermarket

 

MEA (Middle East and Africa)

Global Lead Acid Battery Market: Analysis on Market Size Evaluation

Market valuation at the global and regional scale for the global lead acid battery market is offered in terms of “US$ Bn.” A Y-o-Y growth comparison on the key lead acid battery market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Metrics mentioned above are also tracked based on consumption across several regions where lead acid battery is witnessing a growing demand.

Global Lead Acid Battery Market: Scrutinized Assessment on Regional Segments

Weighted chapters have been included in the report on the global lead acid battery market, which imparts a forecast on the regional markets recognizing the regional macros (business, economic and political environment outlook), which are expected to have an impact on the growth of the global lead acid battery market in the near future.

Country-specific assessment on the demand for lead acid battery has also been provided for each regional market, along with the market size valuation, price point assessment, price index, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets that are incorporated in the report.

Global Lead Acid Battery Market: In-depth Analysis on Competitive Landscape

The report concludes with a weighted chapter on the competition landscape considering up-to-date and essential developments related to market players, who are predominantly engaging in the production and distribution of lead acid battery, along with company’s strategies, identification, and analysis. Market share comparison and analysis of these market players offered in the report enables readers to devise strategies for their businesses.

The intensity mapping of the market players operating in the global lead acid battery market provides readers with actionable intelligence, which helps in understanding the current market status and prospects determining the competition levels in the global lead acid battery market.

1. Global Lead Acid Battery Market - Executive Summary

    1.1. Global Market Overview

    1.2. Global Lead Acid Battery Market – Regional Overview

    1.3. Global Lead Acid Battery Market – Opportunity Assessment

    1.4. Fact.MR Analysis

2. Global Lead Acid Battery Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Introduction and Definition

3. Key Success Factors

    3.1. Product Adoption

    3.2. Go To Market Strategy

4. Market Background

    4.1. Macro - Economic Factors

    4.2. Global Two Wheelers Market Overview

    4.3. Global Automotive Sector Outlook

    4.4. Global Electric Scooters Market Volume Analysis

    4.5. Recent Developments in Lead Acid Battery Market

    4.6. Key Challenges

    4.7. Supply Chain Analysis

    4.8. Forecast Factors: Relevance and Impact

    4.9. Market Dynamics

        4.9.1. Drivers

        4.9.2. Restraints

        4.9.3. Opportunity Analysis

        4.9.4. Trends

5. Global Lead Acid Battery Market Demand Analysis 2014-2018 and Forecast, 2019-2029

    5.1. Historical Market Volume (Mn Units) Analysis, 2014-2018

    5.2. Current and Future Market Value (Mn Units) Projections, 2019-2029

        5.2.1. Y-o-Y Growth Trend Analysis

6. Global Lead Acid Battery Market – Pricing Analysis

    6.1. Pricing Analysis By Application

7. Global Lead Acid Battery Market Demand in Value (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029

    7.1. Historical Market Value (US$ Mn) Analysis, 2014-2018

    7.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2.  Absolute $ Opportunity Analysis

8. Global Lead Acid Battery Market Analysis 2014-2018 and Forecast, 2019-2029, by Product Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2014 - 2018 

    8.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Product Type, 2019 - 2029

        8.3.1.  Flooded

        8.3.2.  AGM (Absorbent Glass Mat)

        8.3.3.  Gel

    8.4. Market Attractiveness Analysis By Product Type

9. Global Lead Acid Battery Market Analysis 2014-2018 and Forecast, 2019-2029, by Application 

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2014 - 2018 

    9.3. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Application, 2019 - 2029

        9.3.1.  Transportation

            9.3.1.1. OEM Transportation

                9.3.1.1.1. PC

                9.3.1.1.2. LCV

                9.3.1.1.3. HCV

                9.3.1.1.4. Two Wheelers

                9.3.1.1.5. Others

            9.3.1.2. Aftermarket

                9.3.1.2.1. PC

                9.3.1.2.2. LCV

                9.3.1.2.3. HCV

                9.3.1.2.4. Two Wheelers

                9.3.1.2.5. Others

        9.3.2.  Motive Industrial

            9.3.2.1. OEM Motive Industrial

            9.3.2.2. Aftermarket Motive Industrial

        9.3.3.  Stationary Industrial

            9.3.3.1. OEM Stationary Industrial

            9.3.3.2. Aftermarket Stationary Industrial

        9.3.4.  Commercial

            9.3.4.1. OEM Commercial

            9.3.4.2. Aftermarket Commercial

        9.3.5.  Residential

            9.3.5.1. OEM Residential

            9.3.5.2. Aftermarket Residential

        9.3.6.  Grid Storage

            9.3.6.1. OEM Grid Storage

            9.3.6.2. Aftermarket Grid Storage

        9.3.7.  Others

            9.3.7.1. OEM Others

            9.3.7.2. Aftermarket Others

    9.4. Market Attractiveness Analysis By Application

10. Global Lead Acid Battery Market Analysis 2014-2018 and Forecast, 2019-2029, by Region

    10.1. Introduction

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2014 - 2018

    10.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2019 - 2029

        10.3.1.  North America

        10.3.2.  Latin America

        10.3.3.  Eastern Europe

        10.3.4.  Western Europe

        10.3.5.  Asa Pacific Excl. Japan (APEJ)

        10.3.6.  Japan

        10.3.7. Middle East & Africa (MEA)

    10.4. Market Attractiveness Analysis By Region

11. North America Lead Acid Battery Market Analysis 2014-2018 and Forecast, 2019-2029

    11.1. Introduction

    11.2. Pricing Analysis

    11.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    11.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        11.4.1. By Country

            11.4.1.1. U.S.

            11.4.1.2. Canada

        11.4.2. By Product Type

        11.4.3. By Application

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Product Type

        11.5.3. By Application

    11.6. Key Market Participants-Intensity Mapping

12. Latin America Lead Acid Battery Market Analysis 2014-2018 and Forecast, 2019-2029

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    12.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        12.4.1. By Country

            12.4.1.1. Brazil

            12.4.1.2. Mexico

            12.4.1.3. Rest of Latin America

        12.4.2. By Product Type

        12.4.3. By Application

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Product Type

        12.5.3. By Application

    12.6. Key Market Participants-Intensity Mapping

13. Western Europe Lead Acid Battery Market Analysis 2014-2018 and Forecast, 2019-2029

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        13.4.1. By Country

            13.4.1.1. Germany

            13.4.1.2.  Italy

            13.4.1.3. France

            13.4.1.4. U.K.

            13.4.1.5. Spain

            13.4.1.6. Rest of Western Europe

        13.4.2. By Product Type

        13.4.3. By Application

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Product Type

        13.5.3. By Application

    13.6. Key Market Participants-Intensity Mapping

14. Eastern Europe Lead Acid Battery Market Analysis 2014-2018 and Forecast, 2019-2029

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        14.4.1. By Country

            14.4.1.1. Russia

            14.4.1.2. Poland

            14.4.1.3. Rest of Eastern Europe

        14.4.2. By Product Type

        14.4.3. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Product Type

        14.5.3. By Application

    14.6. Key Market Participants-Intensity Mapping

15. APEJ Lead Acid Battery Market Analysis 2014-2018 and Forecast, 2019-2029

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        15.4.1. By Country

            15.4.1.1. China

            15.4.1.2. India

            15.4.1.3. ASEAN

            15.4.1.4. Australia & New Zealand

            15.4.1.5. Rest of APEJ

        15.4.2. By Product Type

        15.4.3. By Application

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Product Type

        15.5.3. By Application

    15.6. Key Market Participants-Intensity Mapping

16. Japan Lead Acid Battery Market Analysis 2014-2018 and Forecast, 2019-2029

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        16.3.1. By Country

            16.3.1.1. Japan

        16.3.2. By Product Type

        16.3.3. By Application

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Product Type

        16.4.3. By Application

    16.5. Key Market Participants-Intensity Mapping

17. MEA Lead Acid Battery Market Analysis 2014-2018 and Forecast, 2019-2029

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 - 2018

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        17.4.1. By Country

            17.4.1.1. GCC Countries

            17.4.1.2. South Africa

            17.4.1.3. Turkey

            17.4.1.4. Rest of MEA

        17.4.2. By Product Type

        17.4.3. By Application

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Product Type

        17.5.3. By Application

    17.6. Key Market Participants-Intensity Mapping

18. Market Structure Analysis

    18.1. Market Analysis by Tier of Companies (Lead Acid Battery)

    18.2. Market Concentration

    18.3. Market Share Analysis of Top Players

    18.4. Market Presence Analysis

        18.4.1. By Regional Footprint of Players

        18.4.2. Product Footprint by Players

        18.4.3. Channel Footprint by Players

19. Company Profiles

    19.1. Competition Dashboard

    19.2. Pricing Analysis by Competition

    19.3. Competition Benchmarking

    19.4. Competition Deep Dive

        19.4.1. Furukawa Electric Co., Ltd

            19.4.1.1. Company Overview

            19.4.1.2. Product overview

            19.4.1.3. SWOT Analysis

            19.4.1.4. Key Developments

        19.4.2. Hitachi Chemical Company, Ltd

            19.4.2.1. Company Overview

            19.4.2.2. Product overview

            19.4.2.3. SWOT Analysis

            19.4.2.4. Key Developments

        19.4.3. Narada Power Source Co. Ltd

            19.4.3.1. Company Overview

            19.4.3.2. Product overview

            19.4.3.3. SWOT Analysis

            19.4.3.4. Key Developments

        19.4.4. SiteTel Sweden AB (NorthStar)

            19.4.4.1. Company Overview

            19.4.4.2. Product overview

            19.4.4.3. SWOT Analysis

            19.4.4.4. Key Developments

        19.4.5. Leoch International Technology Ltd

            19.4.5.1. Company Overview

            19.4.5.2. Product overview

            19.4.5.3. SWOT Analysis

            19.4.5.4. Key Developments

        19.4.6. Yokohama Batteries Sdn. Bhd.

            19.4.6.1. Company Overview

            19.4.6.2. Product overview

            19.4.6.3. SWOT Analysis

            19.4.6.4. Key Developments

        19.4.7. Enersys

            19.4.7.1. Company Overview

            19.4.7.2. Product overview

            19.4.7.3. SWOT Analysis

            19.4.7.4. Key Developments

        19.4.8. Exide Industries Ltd

            19.4.8.1. Company Overview

            19.4.8.2. Product overview

            19.4.8.3. SWOT Analysis

            19.4.8.4. Key Developments

        19.4.9. GS Yuasa Corporation

            19.4.9.1. Company Overview

            19.4.9.2. Product overview

            19.4.9.3. SWOT Analysis

            19.4.9.4. Key Developments

        19.4.10. Hoppecke Batterien GmbH & Co. KG

            19.4.10.1. Company Overview

            19.4.10.2. Product overview

            19.4.10.3. SWOT Analysis

            19.4.10.4. Key Developments

        19.4.11. Crown Battery Corporation

            19.4.11.1. Company Overview

            19.4.11.2. Product overview

            19.4.11.3. SWOT Analysis

            19.4.11.4. Key Developments

        19.4.12. C&D Technologies, Inc.

            19.4.12.1. Company Overview

            19.4.12.2. Product overview

            19.4.12.3. SWOT Analysis

            19.4.12.4. Key Developments

        19.4.13. Coslight Technology International Group Co. Ltd.

            19.4.13.1. Company Overview

            19.4.13.2. Product overview

            19.4.13.3. SWOT Analysis

            19.4.13.4. Key Developments

        19.4.14. East Penn Manufacturing Co.

            19.4.14.1. Company Overview

            19.4.14.2. Product overview

            19.4.14.3. SWOT Analysis

            19.4.14.4. Key Developments

        19.4.15. Chaowei Power Holdings Limited

            19.4.15.1. Company Overview

            19.4.15.2. Product overview

            19.4.15.3. SWOT Analysis

            19.4.15.4. Key Developments

        19.4.16. Zhangzhou Hauwei Power Supply Technology Co., Ltd

            19.4.16.1. Company Overview

            19.4.16.2. Product overview

            19.4.16.3. SWOT Analysis

            19.4.16.4. Key Developments

        19.4.17. B.B Battery

            19.4.17.1. Company Overview

            19.4.17.2. Product overview

            19.4.17.3. SWOT Analysis

            19.4.17.4. Key Developments

        19.4.18. Camel Group Co., Ltd

            19.4.18.1. Company Overview

            19.4.18.2. Product overview

            19.4.18.3. SWOT Analysis

            19.4.18.4. Key Developments

        19.4.19. Shandong Sacred Sun Power Sources Co. Ltd

            19.4.19.1. Company Overview

            19.4.19.2. Product overview

            19.4.19.3. SWOT Analysis

            19.4.19.4. Key Developments

20. Research Methodology

21. Assumption & Acronyms Used

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Lead Acid Battery Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029