South Korea Automotive SLI Battery Market was valued at USD 2.0 Billion in 2022 and is projected to reach USD 3.0 Billion by 2030, growing at a CAGR of 4.7% from 2024 to 2030.
The South Korea Automotive SLI (Starting, Lighting, and Ignition) battery market is experiencing rapid growth driven by increasing demand from the automotive sector. This market plays a crucial role in powering vehicles, ensuring proper functioning of essential components like engines, lights, and ignition systems. South Korea, known for its robust automotive industry, has seen a surge in the need for advanced SLI batteries as both domestic manufacturers and global companies look to meet new standards for vehicle performance and sustainability.
Automotive SLI batteries are typically lead-acid, providing the required electrical power for starting the engine, lighting, and other ignition processes. These batteries are essential for internal combustion engine vehicles (ICEVs), which continue to dominate the South Korean automotive market, even as electric vehicles (EVs) gain traction. The country’s commitment to sustainability and reducing its carbon footprint has driven innovation within the market, with increasing attention on improving battery efficiency, lifespan, and recycling capabilities.
The demand for Automotive SLI batteries in South Korea is also influenced by several industrial requirements. Firstly, the automotive industry itself seeks batteries that offer higher durability and better cold-cranking amps (CCA) for smoother engine starts in cold weather. As climate change and fluctuating temperatures become more of a concern, these requirements have become increasingly important. Moreover, with the rising trend of hybrid and electric vehicles, manufacturers are also focusing on developing batteries that can support energy recovery and better integration with hybrid powertrains.
Industries such as logistics, transportation, and even the marine sector require reliable SLI batteries for their vehicles and equipment. For example, buses, trucks, and ships rely on high-performing batteries to ensure smooth operation during long hours of travel. The need for high-quality, durable, and reliable SLI batteries is critical in these industries to reduce downtime and maintenance costs, ensuring operational efficiency and cost-effectiveness.
In addition to the technical requirements, consumer preferences are also pushing for the adoption of automotive SLI batteries that are more environmentally friendly. With the growing focus on battery recycling and reducing lead contamination, manufacturers are investing in new technologies to enhance the sustainability of their products. The Automotive SLI Battery Market in South Korea is expected to continue evolving, with innovations that address both performance needs and environmental concerns, keeping pace with the broader shift towards greener automotive solutions.
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Johnson Controls
Exide Technologies
GS Yuasa
Sebang
Exide Industries
Camel Group
Hitachi Chemical
Atlas BX
Amara Raja
Nipress
East Penn
Leoch
Banner Batteries
Yacht
Pinaco
LCB
Furukawa Battery
Deep Cycle Battery
SLI Starting Battery
EverStart
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Automotive SLI Battery Market
Lead-Acid Batteries
Absorbent Glass Mat (AGM) Batteries
Gel-Cell Batteries
Enhanced Flooded Batteries (EFB)
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles (EVs)
Starting
Lighting
Ignition
Aftermarket Replacement
OEM (Original Equipment Manufacturer)
Aftermarket
Online Retailers
Physical Retail Stores
Individual Customers
Fleet Operators
Automotive Service Providers
Original Equipment Manufacturers (OEMs)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Automotive SLI Battery Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Automotive SLI Battery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Automotive SLI Battery Market, By Type
6. South Korea Automotive SLI Battery Market, By Application
7. South Korea Automotive SLI Battery Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Automotive SLI Battery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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