The import of lead-acid electric accumulators to the UK is forecasted to increase steadily from 2024 to 2028, with expected volumes reaching 221.21 million kilograms by 2028. As of 2023, these imports stood at 196.5 million kilograms, marking a gradual upward trend. The year-on-year growth is approximately 2.5%, reflecting consistent demand. Notably, the compound annual growth rate (CAGR) over the five-year period is around 2.3%, indicating stable market expansion.
Future trends to watch for include:
- Technological advancements in battery alternatives such as lithium-ion which could impact demand.
- Environmental regulations influencing the production and usage of lead-acid batteries.
- The transition towards electric vehicles potentially altering market dynamics.