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

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

  • July 2021
  • 127 pages
  • ID: 6134713
  • Format: PDF
  • The Insight Partners

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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 consumer behavior toward intercity and intracity transport in North American countries has transformed in the past few years. Increasing disposable income of individuals and stable economic structure of countries have propelled the demand for vehicles, thereby escalating the production levels. In 2020, the US has produced massive number of cars and commercial vehicles. The surge in car production further boosts the demand for batteries, including lead acid batteries. Furthermore, factors such as on-demand mobility, introduction of ultra-batteries in the energy storage segment, and development of advanced energy storage modules for the automobile industry is also propelling automotive production, as well as lead acid battery consumption. The growing adoption of mild hybrid vehicles is another factor contributing to growth of the North America automotive lead acid battery market growth.
The North America automotive lead acid battery market, based on product, is segmented into SLI and micro hybrid batteries; the SLI segment led the market in 2020.SLI (which stands for starting, lighting, and ignition) batteries are rechargeable lead-acid batteries that are widely used various automobiles.

The starting, lighting, and ignition are the processes that consume energy provided by the vehicle’s battery.It is very important to know the basic specifications, features, and functionalities of the SLI battery for understanding the overall performance of the vehicle.

This lead-acid battery consists of a copper terminal, container, vent plugs, and safety valve on its exterior while positive and negative plates, water, and sulfuric acid in its interior.Batteries manufactured by different manufacturers may appear different physically, but the external parts always remain a standard.

The SLI battery is designed for cars, and hence it is always installed with the charging system of the vehicle. Hence, continuous cycle of charging and discharging of the battery is always there whenever the vehicle is in use. The SLI automotive batteries are designed to be fully charged at the time of starting the vehicle, and after the ignition, the lost charge, typically 2–5% of the charge, is replaced by the alternator. Such batteries are not manufactured to be discharged below 50% depth of discharge (DOD); when discharged below these levels, plates can get damaged and battery life may get reduced.
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.
The North America 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 North America 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 North America 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 market players operating in North America.

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