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Europe Automotive Lead Acid Battery Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product, Type, and End User

Europe Automotive Lead Acid Battery Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product, Type, and End User

  • July 2021
  • 135 pages
  • ID: 6134615
  • Format: PDF
  • The Insight Partners

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The automotive lead acid battery market in Europe is expected to grow from US$ 4,296.50 million in 2021 to US$ 5,732.39 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028. The adoption of hybrid vehicles is increasing in Europe due to the imposition of stringent emission standards by governments to protect environment, alongside boosting fuel efficiency. Thus, both, automotive manufacturers and government are strategically promoting the use of hybrid vehicles from old and conventional vehicles. EVI Membership, [email protected] campaign, EVI Europe 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 among the government initiatives promoting the use of next generation of mobility. In addition, many automotive manufacturers are making significant investments in the development of mild hybrid vehicles. They have introduced 48V mild hybrid among a standard feature in new vehicle models. Volkswagen is one of the key players in mild hybrid vehicles; it unveiled 48V mild hybrid version of 8th generation Golf in 2019. In the same year, Ford revealed Focus EcoBoost Hybrid & Fiesta EcoBoost Hybrid vehicle models to cater the European market. The introduction of such mild hybrid vehicles into the market is boosting the adoption of lead acid batteries for automotive applications. Also, surge in the manufacturing of cars and commercial vehicles is among the major factors driving the growth of the Europe automotive lead acid battery market.
Based on type, Europe automotive lead acid battery market is segmented into flooded, enhanced flooded, and VRLA.The enhanced flooded segment dominated the market in 2020.

Enhanced flooded batteries (EFB) are an improved version of standard wet flooded technology.The key benefits of EFB includes better cyclic durability and improved charge acceptance while being capable of operating in a reduced state of charge.

EFB can have ~270,000 engine ignitions in its total lifespan as compared to ~30,000 engine ignitions provided by a standard flooded battery. The EFB technology represents modifications in the existing flooded technology, i.e., the addition of carbon additives in the process of plate manufacturing. These batteries were made available as a lower tier option to the AGM batteries, delivering durability and performance equivalent to the later. The EFB technology is now factory fitted to various entry-level start stop automobiles. Yuasa EFB has greater dynamic charge current acceptance than standard wet flooded batteries. To meet the rising demand in Europe, Yuasa has brought 11 latest EFB battery types with the introduction of YBX7000 start-stop range. This range includes 5 European (DIN), along with 6 Japanese (JIS), battery sizes.
In Europe, Russia is the hardest-hit country by the COVID-19 outbreak, and it has reported ~4.49 million cases as of March 2021. European countries have implemented drastic measures and travel restrictions, including partially closing their borders. Vehicle production has declined due to the shutdown of factories. The region experienced the production loss of 3.6 million vehicles worth Euro 100 billion in the first half of 2020 owing to the infection spread and the related restrictions imposed by the respective governments. This is led to the hindered growth of the automotive lead acid batteries market in Europe in 2020.
The Europe automotive lead acid battery market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Europe automotive lead acid battery market with respect to all the segments.Also, multiple primary interviews have been conducted with industry participants to validate the data as well as to gain more analytical insights into the topic.

The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the Europe automotive lead acid battery market. 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; and Panasonic Corporation are among the key players operating in the European market.

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Automotive Lead Acid Battery Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product, Type, and End-user

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The automotive lead acid battery market is expected to grow from US$ 16,860.5 million in 2020 to US$ 23,668.0 million by 2028; it is estimated to grow at a CAGR of 4.33% during 2020-2028. Continuous production ...

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