According to IMARC Group latest report titled “Europe automotive Lead-Acid Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on Europe Automotive Lead-Acid Battery market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Europe automotive lead-acid battery market size reached US$ 4,486 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,841 Million by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
An automotive lead-acid battery is a rechargeable battery mainly used to ignite an engine and supply electric current to an automobile. It is manufactured from lead and lead oxide plates immersed in a sulphury acid solution which transforms chemical energy into electrical power during the discharge cycle and leads to voltage production in a vehicle. It is extensively utilized to improve performance since it provides good durability, reliability, efficiency, and tolerance and is easy to maintain. It delivers a large amount of current in a short period of time, making it well-suited for starting engines. As a result, it is widely used in automobiles for starting, lighting, and ignition (SLI) purposes and for supplying voltage to air conditioners, radios, music players, wipers, and charging plugs.
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Market Trends:
One of the key factors driving the Europe market is the growing production and sales of automobiles. Apart from this, the continuous technological advancements and innovation in the manufacturing facilities for lead-acid batteries are contributing to the market. Moreover, the growing awareness among individuals about the harmful impacts of carbon emissions, coupled with improving road networks, is catalyzing the demand for electric cars and e-bikes across the region, this is expanding the use of lead-acid batteries as they offer high current delivery, resistance to corrosion and abrasion, and low internal impedance. Besides this, extensive research and development (R&D) activities conducted by key players to introduce improved product variants in the market and rapid industrialization are creating a positive market outlook across Europe.
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Europe Automotive Lead-Acid Battery Market Segmentation:
Our report has categorized the market based on region, vehicle type, product, type and customer segment.
Key Regions Analysed:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
- HEV Cars
Breakup by Product:
- SLI Batteries
- Micro Hybrid Batteries
Breakup by Type:
- Flooded Batteries
- Enhanced Flooded Batteries
- VRLA Batteries
Breakup by Customer Segment:
- OEM
- Replacement
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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