North America Lead Acid Battery Market Size & Outlook
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North America lead acid battery market highlights
- The North America lead acid battery market generated a revenue of USD 13,726.3 million in 2023.
- The market is expected to grow at a CAGR of 3% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2023.
- UPS is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 13,726.3 million |
| Market revenue in 2030 | USD 17,286.4 million |
| Growth rate | 3% (CAGR from 2024 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | UPS |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, UPS, Telecom, Electric Bikes, Transport Vehicles |
| Key market players worldwide | East Penn Manufacturing Co, EXIDE Industries, Johnson Controls International PLC, Northstar Recycling, GS Yuasa Corp, Crown Holdings Inc, Leoch International Technology Ltd |
Other key industry trends
- In terms of revenue, North America region accounted for 18.4% of the global lead acid battery market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 11,990.2 million by 2030.
Growing lead acid battery manufactures such as Exide, Johnson Controls, Odyssey in the U.S. is expected to promote market growth over the forecast period. Growing demand for electric vehicles in the U.S. and Mexico on account of rising government efforts on reducing carbon footprints by deploying eco-friendly products will augment market size over the forecast period.
North America construction industry is expected to witness considerable growth owing to demand for non-residential construction projects such as hospitals, schools and colleges over the upcoming years.
Favorable demographic trends such as growing population will lead to the construction of more offices, industrial plants, schools and colleges, which in turn will fuel the demand for UPS in the construction sector.
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Lead Acid Battery Market Scope
Lead Acid Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| GS Yuasa Corp | View profile | 17,031 | 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto, Japan, 601-8520 | www.gs-yuasa.com |
| Crown Holdings Inc | View profile | 25,000 | 14025 Riveredge Drive, Suite 300, Tampa, FL, United States, 33637-2015 | www.crowncork.com |
| EXIDE Industries | View profile | 10001+ | Kolkata, West Bengal, India, Asia | www.exideindustries.com/ |
| East Penn Manufacturing Co | View profile | 10001+ | Lyon Station, Pennsylvania, United States, North America | www.eastpennmanufacturing.com/ |
| Northstar Recycling | View profile | 101-250 | East Longmeadow, Massachusetts, United States, North America | northstarrecycling.com/ |
| Leoch International Technology Ltd | View profile | 14,364 | No.3 Hoi Shing Road, TML Tower, Unit C, 33rd Floor, Tsuen Wan, New Territories, Hong Kong | www.leoch.com |
North America Lead Acid Battery Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Lead Acid Battery Market Outlook will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 60.04% in 2023.
Horizon Databook has segmented the North America lead acid battery market based on automotive, ups, telecom, electric bikes, transport vehicles covering the revenue growth of each sub-segment from 2018 to 2030.
Growing lead acid battery manufactures such as Exide, Johnson Controls, Odyssey in the U.S. is expected to promote market growth over the forecast period. Growing demand for electric vehicles in the U.S. and Mexico on account of rising government efforts on reducing carbon footprints by deploying eco-friendly products will augment market size over the forecast period.
North America construction industry is expected to witness considerable growth owing to demand for non-residential construction projects such as hospitals, schools and colleges over the upcoming years.
Favorable demographic trends such as growing population will lead to the construction of more offices, industrial plants, schools and colleges, which in turn will fuel the demand for UPS in the construction sector.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Lead Acid Battery Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Lead Acid Battery Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.