Automotive SLI Battery Market was valued at USD 21.5 Billion in 2022 and is projected to reach USD 30.1 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
Between 2018 and 2022, the market for automotive SLI batteries expanded steadily, driven by a consistent need for vehicle batteries that ensured optimal performance for traditional ICE vehicles. However, a gradual increase in hybrid and electric vehicles meant that the demand for conventional lead-acid batteries, typically used in ICE vehicles, slightly decreased. Despite this, the demand remained strong for high-quality batteries in conventional cars, as well as for automotive aftermarket services, which led to sustained market growth. Additionally, there was an increase in the average vehicle lifespan, further extending the lifecycle of batteries and driving demand for replacement SLI batteries.
The demand for automotive SLI batteries is projected to shift significantly between 2023 and 2033, driven by various factors, including technological advancements and increased electric vehicle adoption. The global automotive industry is rapidly transitioning toward electrification, which may decrease demand for traditional SLI batteries used in conventional vehicles. However, hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs) will still require a high number of SLI batteries for their ignition and lighting functions. On the other hand, the growth of electric vehicles (EVs), particularly those relying on lithium-ion batteries, is anticipated to change the landscape of the battery market, reducing reliance on traditional lead-acid SLI batteries. Nonetheless, the rise in autonomous vehicles and smart technology will likely introduce more complex power demands for vehicles, which could offer a unique opportunity for innovation in SLI battery technology.
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The global automotive SLI (Starting, Lighting, and Ignition) battery market has seen dynamic changes between 2018 and 2022, influenced by shifting demands in vehicle technologies, economic factors, and evolving customer preferences. During this period, the automotive industry experienced a rise in electric vehicle (EV) adoption, coupled with advancements in conventional internal combustion engine (ICE) vehicles. This had a significant impact on the demand for SLI batteries. However, with the growing push for sustainability and clean energy, the demand for EVs spiked, which in turn affected the overall demand for SLI batteries. The automotive sector was also navigating supply chain issues, impacting battery production and availability during the COVID-19 pandemic, further highlighting the market's vulnerability to external disruptions.
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 Global Automotive SLI Battery Market
Compact Vehicle
Mid-Sized Vehicle
Premium Vehicle
Luxury Vehicle
Commercial Vehicles
SUV
Based on Types the Market is categorized into Below types that held the largest Automotive SLI Battery market share In 2023.
Lithium Battery
Lead Battery
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 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. Global Automotive SLI Battery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive SLI Battery Market, By Type
6. Global Automotive SLI Battery Market, By Application
7. Global Automotive SLI Battery Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive SLI Battery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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