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The automotive lead acid battery market in North America is expected to grow from US$ 3,669.33 million in 2021 to US$ 4,809.34 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028.
The automotive industry is rapidly evolving towards greater electrification and autonomy, with companies like Clarios pioneering advancements in vehicle technology. A key component in this shift is the 12-volt advanced lead-acid battery, particularly those utilizing AGM technology. These batteries offer enhanced reliability and performance, crucial for meeting the increasing power demands of modern vehicles. Consequently, the widespread adoption of 12-volt lead-acid batteries is expected to significantly contribute to North America Automotive Lead Acid Battery Market growth.
North America Automotive Lead Acid Battery Market Overview
North America stands as a dominant market for lead-acid battery manufacturers, driven by its expansive automotive industry and the presence of numerous car manufacturers. The region's robust supply of passenger cars and light commercial vehicles, coupled with a growing vehicle parc, is fueling demand. For instance, in 2020, the United States saw sales of nearly 14.5 million light vehicle units, comprising about 3.4 million cars and over 11 million light trucks. This increasing volume of vehicle sales, particularly in developed economies like the U.S. and Canada, is a primary growth driver.
Beyond traditional vehicles, the rising demand for electric cars and e-bikes is also significantly impacting lead-acid battery sales in the region, reflecting improvements in living standards and income levels. Furthermore, the automotive industry's ongoing research and development efforts aimed at improving battery performance are anticipated to further boost demand in the coming years.
Impact of COVID-19: North America Automotive Lead Acid Battery Market
The COVID-19 pandemic had a substantial, albeit short-term, negative impact on the automotive lead-acid battery market in North America. The U.S. was particularly hard-hit, with approximately 30.5 million cases reported by March 2021. The widespread lockdowns led to the closure of manufacturing plants, reduced municipal operations, and halts in the automotive and semiconductor industries. While Canada and Mexico reported fewer cases, their manufacturing plants and automotive sectors also experienced slowdowns, impacting the North America Automotive Lead Acid Battery Market.
Despite these immediate challenges, the automotive industry in the region is expected to see a recovery in overall sales in 2021. This is primarily due to continued promotional efforts for passenger vehicles by various companies across North America.
North America Automotive Lead Acid Battery Market Segmentation
North America Automotive Lead Acid Battery Market -By Product
SLI
Micro Hybrid Batteries
North America Automotive Lead Acid Battery Market - By Type
Flooded
Enhanced Flooded
VRLA
North America Automotive Lead Acid Battery Market - By End User
Passenger Cars
LCV
M&HCV
North America Automotive Lead Acid Battery Market - By Country
US
Canada
Mexico
North America Automotive Lead Acid Battery Market - Company Profiles
Clarios
CSB Energy Technology Co., Ltd.
East Penn Manufacturing Company
EnerSys
Exide Industries Limited
GS Yuasa International Ltd.
Johnson Controls, Inc.
leoch International Technology Limited Inc
Panasonic Corporation
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About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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