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The North America Automotive Lead Acid Battery Market 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 undergoing a significant transformation, driven by the increasing adoption of electric and autonomous vehicles. In this evolving landscape, even established technologies like the 12-volt lead-acid battery continue to play a crucial role. Companies like Clarios are innovating in this space, developing advanced 12-volt lead-acid batteries, particularly those utilizing Absorbed Glass Mat (AGM) technology. AGM batteries are becoming the preferred choice due to their enhanced reliability and performance, which are essential for meeting the growing power demands of modern vehicles. The emergence and advancement of these 12-volt lead-acid batteries are therefore key enablers for the growth of the North America Automotive Lead Acid Battery Market.
North America Automotive Lead Acid Battery Market Introduction: North America as a Key Region
North America stands out as a major market for lead-acid battery manufacturers, primarily due to its substantial vehicle industry and the strong presence of numerous car manufacturers. The increasing supply of passenger cars and light commercial vehicles, coupled with a large existing vehicle parc, is projected to drive significant demand for automotive batteries. For instance, in the United States alone, the automotive industry delivered approximately 14.5 million light vehicle units in 2020, comprising around 3.4 million cars and over 11 million light truck units at the retail level. This growth in vehicle sales is a primary driver for battery demand, particularly in developed economies like the United States and Canada. Furthermore, the rising popularity of electric cars and e-bikes, fueled by improving living standards and increasing income levels, also contributes significantly to lead-acid battery sales in the region. The automotive industry's ongoing research and development efforts aimed at enhancing battery performance are also expected to further stimulate demand North America Automotive Lead Acid Battery Market growth in the coming years.
Impact of COVID-19 on the North America Automotive Lead Acid Battery Market
The COVID-19 pandemic significantly impacted North America Automotive Lead Acid Battery Market, with the US being the most severely affected country, reporting approximately 30.5 million cases by March 2021. The continuous surge in infections led governments to impose lockdowns across national borders. This resulted in the shutdown of numerous manufacturing plants, reduced operational capacity in municipalities, and a slowdown in key industries such as automotive and semiconductor manufacturing, consequently negatively impacting the automotive lead-acid battery market. While Canada and Mexico reported fewer cases than the US, their manufacturing sectors, automotive industries, and various other businesses also experienced operational slowdowns, further contributing to the adverse effects on the market. However, the short-term impact of the COVID-19 pandemic is not anticipated to derail the overall recovery of sales in the automotive industry in 2021. This resilience is largely attributed to the continued promotional efforts for passenger vehicles by various companies operating in the region.
North America Automotive Lead Acid Battery Market Strategic Insights
Strategic insights for the North America Automotive Lead Acid Battery market offer a data-driven analysis of the industry's landscape, encompassing prevailing trends, key market participants, and specific regional dynamics. These insights provide actionable recommendations designed to enable stakeholders to gain a competitive edge by identifying untapped market segments or developing unique value propositions. By leveraging data analytics, these insights empower industry players, including investors and manufacturers, to anticipate market shifts. Adopting a future-oriented perspective is crucial, allowing stakeholders to proactively prepare for market changes and strategically position themselves for sustained success within this dynamic region. Ultimately, these effective strategic insights equip readers with the knowledge necessary to make informed decisions that drive profitability and achieve their business objectives within the North America Automotive Lead Acid Battery Market.
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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