The global automotive lead acid battery market size was estimated at USD 21.32 billion in 2023 and is expected to expand at a CAGR of 8.4% from 2024 to 2030. The market is witnessing steady growth, driven by the sustained demand for reliable and cost-effective energy storage solutions in conventional vehicles, particularly in the passenger car and commercial vehicle segments. Lead-acid batteries, widely used for starting, lighting, and ignition (SLI) functions, remain critical in internal combustion engine (ICE) vehicles, even as the market transitions toward electric vehicles (EVs). Their durability, affordability, and recyclability continue to make lead-acid batteries a preferred choice for automotive applications.
Market expansion is supported by the consistent need for replacement batteries in the aftermarket, as lead-acid batteries have shorter lifecycles compared to advanced battery technologies. With their growing vehicle fleets, emerging economies further drive demand, especially for cost-sensitive automotive sectors. In addition, advancements in enhanced flooded batteries (EFB) and absorbent glass mat (AGM) batteries are gaining traction in vehicles with start-stop systems, boosting the market's growth potential.
Regions such as Asia Pacific, North America, and Europe are major contributors to market growth, with significant investments in automotive manufacturing and battery technologies. Despite the rise of EVs, the lead-acid battery market is expected to remain resilient, supported by its established role in the global automotive ecosystem and the growing need for affordable and reliable energy storage solutions in conventional vehicles.
SLI emerged as the largest battery type segment, with a market share of about 36.90% in 2023, and is expected to witness robust growth over the forecast period. This dominance is attributed to its widespread use in conventional internal combustion engine (ICE) vehicles. These batteries are essential for powering key vehicle functions, such as starting the engine, providing power to lighting systems, and supporting electrical components. Their long-standing presence in the automotive industry, combined with cost-effectiveness and proven reliability, makes SLI batteries a dominant choice for automakers and vehicle owners, particularly in regions with a high concentration of ICE vehicles.
Looking ahead, the SLI segment is expected to witness robust growth due to the continuous demand for replacement batteries in the aftermarket. As the global vehicle fleet expands, especially in emerging economies, and despite the growing adoption of electric vehicles (EVs), SLI batteries will remain a crucial component in the vast majority of vehicles still relying on internal combustion engines. In addition, ongoing technological improvements in SLI batteries, aimed at enhancing performance and lifespan, will further solidify their market position in the future.
Passenger cars emerged as the largest vehicle type segment in 2023, accounting for approximately 75.51% of the market share, driven by the sheer volume of passenger vehicles globally. The high demand for automotive lead-acid batteries in this segment is attributed to the widespread use of internal combustion engine (ICE) vehicles, which rely on lead-acid batteries for starting, lighting, and ignition (SLI) functions. The affordability, reliability, and well-established supply chains for lead-acid batteries further support their dominance in passenger cars, especially in regions with large vehicle fleets like Asia Pacific, Europe, and North America.
Moreover, the passenger car segment is expected to continue its robust growth as the global vehicle fleet expands, particularly in emerging economies. Despite the gradual shift towards electric vehicles (EVs), the market for lead-acid batteries in passenger cars will remain resilient due to the sustained demand for replacement batteries and the continued presence of ICE vehicles. Technological advancements in enhanced flooded batteries (EFB) and absorbent glass mat (AGM) batteries, designed for vehicles with start-stop systems, are also expected to bolster the growth of lead-acid batteries in this segment over the forecast period.
The automotive lead acid battery market in North America is experiencing consistent growth, driven by the region's high vehicle ownership, robust automotive industry, and strong demand for replacement batteries. The U.S. remains a key market, with steady demand from the aftermarket for starting, lighting, and ignition (SLI) batteries. The region is also seeing growing adoption of enhanced flooded batteries (EFB) and absorbent glass mat (AGM) type, especially in vehicles equipped with start-stop systems. While electric vehicles (EVs) are gaining traction, the reliance on lead-acid batteries for conventional vehicles ensures ongoing demand.
The U.S. automotive lead acid battery market continues to thrive due to the country's extensive vehicle fleet and growing need for battery replacements. The high penetration of passenger vehicles and light commercial vehicles, combined with technological advancements in lead-acid batteries, contributes to market resilience. Major automotive manufacturers in North America continue to rely on lead-acid batteries for their cost-effectiveness, recyclability, and reliable performance, ensuring the market remains strong despite the rise of alternative battery technologies.
The automotive lead acid battery market in Europe remains solid, with strong demand from both new and replacement markets. Stringent environmental regulations in the region have spurred advancements in lead-acid battery types, such as AGM and EFB, which are better suited for vehicles with start-stop systems aimed at reducing emissions. The region’s commitment to sustainability and the significant vehicle fleet in countries like Germany, France, and the UK ensure that lead-acid batteries continue to play a key role in automotive applications.
France automotive lead acid battery market benefits from the country’s focus on vehicle efficiency and sustainability. French automakers, including Renault, remain reliant on lead-acid batteries for their affordability and widespread availability. With the growing use of start-stop systems in vehicles, demand for advanced lead-acid battery types like AGM and EFB is increasing, helping France maintain its position as a strong player in the European automotive battery market.
Asia Pacific dominated the market and accounted for the largest revenue share of 54.10% in 2023 and is likely to dominate over the forecast period. This dominance is primarily attributed to the region's massive automotive industry, high vehicle production, and rapidly growing vehicle fleets, particularly in countries like China, India, and Japan. The region's dominance is further fueled by the strong demand for cost-effective lead-acid batteries in both new vehicles and the replacement market. Moreover, the presence of key battery manufacturers, increasing urbanization, and rising disposable incomes are driving vehicle ownership, ensuring Asia Pacific's continued leadership in the market over the forecast period.
The automotive lead acid battery market in Asia Pacific is witnessing significant growth, with a projected CAGR of 9.5% between 2024 and 2030. Countries such as China, Japan, and India are key markets, driven by their massive vehicle fleets and increasing demand for affordable energy storage solutions. SLI batteries dominate the market, but enhanced technologies like AGM and EFB are gaining traction, especially in hybrid vehicles.
China automotive lead acid battery market remains the largest contributor to the Asia Pacific, driven by the country's vast vehicle fleet and continuous demand for replacement batteries. The strong presence of domestic battery manufacturers, along with government incentives to support local production and technology upgrades, solidifies China's dominance in the regional market. As China leads in both vehicle production and battery manufacturing, the market is expected to remain robust over the forecast period.
The automotive lead acid battery market in Central & South America is gradually expanding due to rising vehicle ownership and increasing demand for replacement batteries. Countries like Brazil are key players, with significant investments in vehicle manufacturing and aftermarket services. SLI batteries primarily drive the lead-acid battery market for conventional vehicles, although the growing popularity of hybrid vehicles is expected to fuel demand for AGM and EFB batteries.
Brazil automotive lead-acid battery market is the largest in the region. The market is seeing steady growth in automotive battery demand due to the increasing number of passenger cars and commercial vehicles on the road. As more vehicles require battery replacements and the market for hybrid vehicles expands, lead-acid battery manufacturers are benefiting from the continued reliance on cost-effective and recyclable energy storage solutions.
The automotive lead acid battery market in the Middle East & Africa is showing steady growth, particularly due to the region's reliance on conventional vehicles and the increasing demand for replacement batteries. Countries such as Saudi Arabia and South Africa see growing vehicle ownership, supporting the demand for SLI batteries. Lead-acid batteries remain the preferred choice in these regions due to their cost-efficiency, availability, and proven reliability in harsh environments.
Saudi Arabia automotive lead acid battery market is supported by the country’s growing vehicle fleet and strong aftermarket for replacement batteries. As part of Vision 2030, Saudi Arabia invests in infrastructure and vehicle technology, including more fuel-efficient vehicles. While electric vehicles are gaining attention, the continued dominance of conventional vehicles ensures sustained demand for lead-acid batteries in the region.
The global market is consolidated, with a few dominant players holding a substantial market share. These key companies primarily cater to sectors such as passenger vehicles, commercial vehicles, and aftermarket services. These players focus on organic and inorganic growth strategies to strengthen their market position and drive growth, including technological innovations, partnerships, mergers & acquisitions, and expanding manufacturing facilities. Furthermore, investments in developing advanced lead-acid battery technologies, such as AGM and EFB, are helping these companies meet the evolving needs of the automotive industry.
In July 2024, Exide Industries Ltd. launched an advanced Absorbent Glass Mat (AGM) battery for the automotive industry's starting, light, and ignition (SLI) applications.
The following are the leading companies in the automotive lead acid battery market. These companies collectively hold the largest market share and dictate industry trends.
Report Attribute |
Details |
Market size value in 2024 |
USD 23.00 billion |
Revenue forecast in 2030 |
USD 37.35 billion |
Growth rate |
CAGR of 8.4% from 2024 to 2030 |
Actual data |
2018 - 2023 |
Forecast period |
2024 - 2030 |
Quantitative units |
Volume in thousand units, revenue in USD million/billion, and CAGR from 2024 to 2030 |
Report coverage |
Volume & revenue forecast, competitive landscape, growth factors and trends |
Segments covered |
Battery type, vehicle type, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country Scope |
U.S.; Canada; Mexico; Germany; France; UK; Italy; Spain; China; India; Japan; South Korea; Brazil; Argentina; Saudi Arabia; South Africa |
Key companies profiled |
Camel Group Co., Ltd.; C&D Technologies Inc.; Clarios; CSB Energy Technology Co. Ltd.; East Penn Manufacturing Company; EnerSys; Exide Industries Ltd.; Exide Technologies; GS Yuasa Corporation; Koyo Battery Co., Ltd. |
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global automotive lead acid battery market report on the battery type, vehicle type, and region:
Battery Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
Flooded
SLI
Absorbent Glass Mat (AGM)
Enhanced Flooded Battery (EFB)
Vehicle Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
Passenger cars
Light and heavy commercial vehicles
Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa
b. The global automotive lead acid battery market size was estimated at USD 21.32 billion in 2023 and is expected to reach USD 23.00 billion in 2024.
b. The global automotive lead acid battery market is expected to grow at a compound annual growth rate of 8.4% from 2024 to 2030 to reach USD 37.35 billion by 2030.
b. Based on battery type, SLI was the dominant segment in 2023 with a revenue share of about 36.90% in 2023. This is attributable to their widespread use in conventional internal combustion engine (ICE) vehicles for starting, lighting, and ignition functions. Their cost-effectiveness and long-established presence in the automotive market further reinforce their leading position.
b. Some of the key players operating in this industry include Camel Group Co., Ltd., C&D Technologies Inc., Clarios, CSB Energy Technology Co. Ltd., East Penn Manufacturing Company, EnerSys, Exide Industries Ltd., Exide Technologies, GS Yuasa Corporation, Koyo Battery Co. Ltd.
b. Key factors driving the automotive lead-acid battery market include the growing global vehicle fleet, high demand for cost-effective energy storage in conventional vehicles, and the increasing need for aftermarket battery replacements. Additionally, the rise in electric vehicles with start-stop systems is boosting demand for advanced lead-acid batteries like AGM and EFB.
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