Automotive Lead Acid Battery Industry - Regional Synopsis
Asia Pacific industry is expected to account for largest revenue share by 2037, backed by expansion of the passenger car and electric vehicles (EV) sector in the region. EV sales in India are expected to reach USD 7 billion by 2025. Moreover, government of India expects the automobile sector to attract USD 8-10 billion foreign investments by 2023. Moreover, the rising middle-class income, large youth population coupled with increasing sales and production of passenger cars & EVs in emerging countries of Asia Pacific, including China, India, Taiwan, and others are expected to fuel regional market growth over the forecast period.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of automotive lead acid battery is estimated at USD 30.62 billion.
Automotive Lead Acid Battery Market size was over USD 29.42 billion in 2024 and is anticipated to cross USD 54.12 billion by 2037, growing at more than 4.8% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is expected to account for largest revenue share by 2037, backed by expansion of the passenger car and electric vehicles (EV) sector in the region.
The major players in the market are General Motors Company, Clarios, Panasonic Corporation, GS Yuasa Corporation, Leoch International Technology Limited Inc, EnerSys, EXIDE INDUSTRIES LTD., CSB Energy Technology Co., Ltd., and others.
