Asia Pacific Automotive Lead Acid Battery Market is expected to reach US$ 11,914.47 Mn by 2028

Passenger Cars Segment to Dominate APAC Automotive Lead Acid Battery Market during 2020–2028   

According to a new market research study on “APAC Automotive Lead Acid Battery Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by, Type, and End User” is expected to reach US$ 11,914.47million by 2028 from 10,256.23 US$ million in 2021. The market is estimated to grow at a CAGR of 2.2% from 2021 to 2028. The report provides trends prevailing in the APAC automotive lead acid battery market along with the drivers and restraints pertaining to the market growth. 12-volt lead-acid battery will evolve in coming years, and this is the major factor driving the growth of the APAC automotive lead acid battery market. However, issues associated with significant rise in adoption of electric vehicles hinders the growth of APAC automotive lead acid battery market

The APAC automotive lead acid battery market is segmented based on, type, and end user. Based on product, the APAC automotive lead acid battery market is segmented into SLI, micro hybrid batteries. The SLI segment held the largest market share in 2020 Based on type, APAC automotive lead acid battery market is segmented into flooded, enhanced flooded, and VRLA. The flooded segment dominated the market. Based on end user, the market is segmented into passenger cars, LCV, M&HCV. The passenger cars segment dominated the end user segment in the market.

The government of APAC is taking possible steps to mitigate the ill-effects of COVID-19. China and India are leading manufacturing hubs in the region, and they are also among the severely affected countries by the disease in APAC. India, Japan, and South Korea, among others, are still combating the virus, which is a main reason of the slowdown in the growth of the automotive lead acid batteries market in the region. China is responsible for more than 80% of the global auto supply chain. Hubei, for example, is one of China's four main car production centers, with over 100 automotive suppliers. Hubei's automotive plants were closed until March 11 and are now slowly reopening. However, China has been able to stabilize its spread of COVID-19, and industries are up and running, which would reflect in the stabilization of the automotive lead acid batteries market in APAC in the coming years.  

Clarios; CSB Energy Technology Co., Ltd.; East Penn Manufacturing Company; EnerSys; Exide Industries Limite; GS Yuasa International Ltd.; Johnson Controls, Inc.; KOYO BATTERY CO., LTD.; leoch International Technology Limited Inc; and Panasonic Corporation are among the leading companies in the APAC automotive lead acid battery market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, leoch International Technology Limited Inc had won several titles in the 2017 lead-acid battery industry. The company had won the “2017 China Lead-Acid Battery Industry Advanced Collective”, “2017 China Lead-Acid Battery Industry Quality Five-Star Enterprise”, “2017 China Lead-acid Battery Industry Famous Brand in 2017”, "2017 China Lead-acid Battery Industry Leader", "2017 China Lead-acid Battery Industry Outstanding Entrepreneur" and many other titles.

The report segments the APAC Automotive Lead Acid Battery Market follows:

APAC Automotive Lead Acid Battery Market – By Product

• SLI
• Micro Hybrid Batteries

APAC Automotive Lead Acid Battery Market – By Type

• Flooded
• Enhanced Flooded
• VRLA

APAC Automotive Lead Acid Battery Market – By End User

• Passenger Cars
• LCV
• M&HCV

APAC Automotive Lead Acid Battery Market – By Country  

• China
• India
• Japan
• South Korea
• Rest of APAC