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.
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North America Automotive Lead Acid Battery Market Segmentation
North America Automotive Lead Acid Battery Market – By Product
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Automotive Lead Acid Battery Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Automotive Lead Acid Battery Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Adoption of Mild Hybrid Vehicles
5.1.2 Rising Production of Cars and Commercial Vehicles
5.2 Key Market Restraints
5.2.1 High Adoption of Electric Vehicles in North America
5.3 Key Market Opportunities
5.3.1 Upcoming of 12-volt lead-acid battery for vehicle technology
5.4 Future Trends
5.4.1 Emergence of BSVI-Compliant Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Lead Acid Battery Market – North America Analysis
6.1 North America Automotive Lead Acid Battery Market Overview
6.2 North America Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Automotive Lead Acid Batteries Market Analysis – By Product
7.1 Overview
7.2 North America Automotive Lead Acid Batteries Market, By Product (2020 and 2028)
7.3 SLI
7.3.1 Overview
7.3.2 SLI: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Micro Hybrid batteries
7.4.1 Overview
7.4.2 Micro hybrid batteries: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Automotive Lead Acid Batteries Market – By Type
8.1 Overview
8.2 North America Automotive Lead Acid Batteries Market, by Type (2020 and 2028)
8.3 Flooded
8.3.1 Overview
8.3.2 Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Enhanced Flooded
8.4.1 Overview
8.4.2 Enhanced Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
8.5 VRLA
8.5.1 Overview
8.5.2 VRLA: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Automotive Lead Acid Batteries Market – By End-User
9.1 Overview
9.2 North America Automotive Lead Acid Batteries Market, by End-User (2020 and 2028)
9.3 Passenger Car
9.3.1 Overview
9.3.2 Passenger Car: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
9.4 LCV
9.4.1 Overview
9.4.2 LCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
9.5 MCV AND HCV
9.5.1 Overview
9.5.2 MCV AND HCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Automotive Lead Acid Battery Market – Country Analysis
10.1 Overview
10.1.1 North America: Automotive Lead Acid Batteries Market- by Key Country
10.1.1.1 US: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Automotive Lead Acid Batteries Market- by Product
10.1.1.1.2 US: Automotive Lead Acid Batteries Market- By Type
10.1.1.1.3 US: Automotive Lead Acid Batteries Market- By End-user
10.1.1.2 Canada: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Automotive Lead Acid Batteries Market- by Product
10.1.1.2.2 Canada: Automotive Lead Acid Batteries Market- By Type
10.1.1.2.3 Canada: Automotive Lead Acid Batteries Market- By End-user
10.1.1.3 Mexico: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Automotive Lead Acid Batteries Market- by Product
10.1.1.3.2 Mexico: Automotive Lead Acid Batteries Market- By Type
10.1.1.3.3 Mexico: Automotive Lead Acid Batteries Market- By End-user
11. North America Automotive Lead Acid Battery Market- COVID-19 Impact Analysis
11.1 North America
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Clarios
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CSB Energy Technology Co., Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 EnerSys
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 East Penn Manufacturing Company
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Exide Industries Limited
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 GS Yuasa International Ltd.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Johnson Controls, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 leoch International Technology Limited Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Panasonic Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Automotive Lead Acid Battery Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. US: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Automotive Lead Acid Battery Market Segmentation
Figure 2. North America Automotive Lead Acid Battery Market Segmentation – By Country
Figure 3. North America Automotive Lead Acid Battery Market Overview
Figure 4. SLI Segment Held the Largest Market Share in 2020
Figure 5. Flooded Held the Largest Market Share in 2020
Figure 6. Passenger Cars Held the Largest Market Share in 2020
Figure 7. US was the Largest Revenue Contributor in 2020
Figure 8. North America – PEST Analysis
Figure 9. North America Automotive Lead Acid Battery Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. North America Automotive Lead Acid Battery Market: Impact Analysis of Drivers and Restraints
Figure 12. North America Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Automotive Lead Acid Batteries Market Revenue Share, by Product (2020 and 2028)
Figure 14. North America SLI: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Micro hybrid batteries: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Automotive Lead Acid Batteries Market Revenue Share, by Type (2020 and 2028)
Figure 17. North America Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Enhanced Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America VRLA: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Automotive Lead Acid Batteries Market Revenue Share, by End-User (2020 and 2028)
Figure 21. North America Passenger Car: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America LCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America MCV AND HCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Automotive Lead Acid Batteries Market, by Key Country – Revenue 2020 (US$ Million)
Figure 25. North America: Automotive Lead Acid Batteries Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. US: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Canada: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Mexico: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in North American Country Markets
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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