North America Automotive Lead Acid Battery Market to Grow at a CAGR of 3.9% to reach US$ 4,809.34 Mn Million from 2021 to 2028

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 US, Canada, and Mexico are major economies in North America. Growing adoption of mild hybrid vehicles is the major factor driving the growth of the North America automotive lead acid battery market. North America is witnessing a proliferation in the adoption of hybrid vehicles. Due to formulation of stringent emission standards by government to protect environment while boosting fuel efficiency, both automotive manufacturers and government are making a strategic towards promoting use of hybrid vehicles from old and conventional vehicles. EVI Membership, EV30@30 campaign, EVI North America EV Pilot City Programme (EVI-PCP), FAME-I and II, National Mission for Transformative Mobility and Battery Manufacturing, National Electric Mobility Mission Plan, and Phased Manufacturing Program are some of the government initiatives promoting use of next generation of mobility. These initiatives are contributing towards fostering the adoption of vehicles including hybrid vehicles. In addition, there are numerous automotive manufacturers making significant investment in developing mild hybrid vehicles. The auto manufacturers have commenced with introducing 48V mild hybrid amongst a standard feature in new vehicle models. Volkswagen is one of the key players in mild hybrid vehicles had unveiled 48V mild hybrid version of 8th generation Golf in 2019, for instance. Introduction of such mild hybrid vehicles into the market is driving the adoption of lead acid batteries for automotive applications.       

The US is the worst-hit country by the COVID-19 pandemic in North America, with ~30.5 million cases as of March 2021. The continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders. Majority of the manufacturing plants are shut down, municipalities are functioning with lower strength, and the automotive and semiconductor industries are at a halt, which is negatively impacting the automotive lead acid batteries market. Canada and Mexico have reported less cases than the US. However, the manufacturing plants, automotive industry, and several other businesses are functioning slowly, which is negatively impacting on the automotive lead acid batteries market. The short-term effect of the COVID-9 pandemic would not affect the recovery of overall sales in the automotive industry in 2021, mainly due to the continued promotion of passenger vehicles by various companies in the region.      

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America automotive lead acid battery market. The North America automotive lead acid battery market is expected to grow at a good CAGR during the forecast period.

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 - Companies Mentioned

•  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

North America Automotive Lead Acid Battery Report Scope