Automotive Lead Acid Battery Market Analysis

The global automotive lead acid battery market is segmented and analyzed for demand and supply by vehicle type into passenger car, ICE, hybrid vehicle, electric vehicle, and light commercial vehicle. Among these segments, the passenger car segment is anticipated to capture the largest market size in the market owing to the growing sales of passenger cars worldwide. It was observed that the global sales of passenger cars for the year 2021 were reported at 55 million units, which was a significant increase over the previous year, which were 52 million units in 2020. Furthermore, the adoption of advanced technologies, rising demand for automated vehicles, and an increase in per capita income are expected to fuel segment growth over the forecast period. 

Our in-depth analysis of the global market includes the following segments: