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Asia Pacific Automotive Lead Acid Battery Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (SLI and Micro Hybrid Batteries), Type (Flooded, Enhanced Flooded, and VRLA), and End User (Passenger Cars, LCV, and M&HCV)

Code: TIPRE00023553 | Pages: 137 | Industry: Automotive and Transportation | Date: Jul 2021
Covid

Market Introduction

As a global producer of automotive lead-acid batteries, APAC is expected to be one of the fastest-growing markets. Automotive lead-acid batteries are in high demand in countries such as Japan, China, India, Australia, among others. The development of automotive lead-acid batteries is projected to be fueled by the selling of automobiles in China and India. The automotive lead-acid batteries market in APAC is expected to rise due to the rising population, rapid urbanization, and investments in automotive industries. APAC countries are in the process of accepting electric and environmentally friendly mobility as a prominent means of transportation in the future. However, to achieve this, strong cooperation between public and private parties is needed, as well as the development of a long-term plan tailored to and market's unique circumstances. The automotive industry in many of the APAC countries is experiencing a virtual transformation due to the steady penetration of electric vehicles. As a result of the increasing popularity of electric cars, the market for lead-acid batteries is expected to accelerate.   

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.                       




Market Overview and Dynamics

The automotive lead acid battery market in APAC is expected to grow from US$ 10,256.23 million in 2021 to US$ 11,914.47 million by 2028; it is estimated to grow at a CAGR of 2.2% from 2021 to 2028. Since the past few years, the consumer behavior towards intercity and intracity transit has transformed to a newer level. With increasing disposable income of individuals and stable economic structure of countries, the production of vehicles has boosted exponentially. With rising demand for cars, the production has further got impacted positively which is creating demand for batteries including lead acid batteries.  In 2020, China, India, and South Korea have produced massive number of cars and commercial vehicles within their boundaries. Such massive production of automobile would continue to impact the demand for car batteries including lead acid batteries. Furthermore, factors such as on-demand mobility, arrival of ultra-batteries in energy storage space, and development of advanced energy storage modules for the automobile sector is also driving the production of automotive, and so the demand for lead acid batteries.   

Key Market Segments

The APAC automotive lead acid battery market is segmented based on product, 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. 

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the automotive lead acid battery market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Clarios; CSB Energy Technology Co., Ltd.; East Penn Manufacturing Company; EnerSys; Exide Industries Limited; GS Yuasa International Ltd.; Johnson Controls, Inc.; KOYO BATTERY CO., LTD.; leoch International Technology Limited Inc; and Panasonic Corporation.   

Reasons to buy report

  • To understand the APAC automotive lead acid battery market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC automotive lead acid battery market.
  • Efficiently plan M&A and partnership deals in APAC automotive lead acid battery market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC automotive lead acid battery market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Automotive Lead Acid Battery Market Segmentation

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  

APAC Automotive Lead Acid Battery Market - Company Profiles   

  • Clarios
  • CSB Energy Technology Co., Ltd.
  • East Penn Manufacturing Company
  • EnerSys
  • Exide Industries Limited
  • GS Yuasa International Ltd.
  • Johnson Controls, Inc.
  • KOYO BATTERY CO., LTD.
  • leoch International Technology Limited Inc
  • Panasonic Corporation
 

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.           APAC Automotive Lead Acid Battery Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           APAC Automotive Lead Acid Battery Market – Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Mild Hybrid Vehicles Being Accepted

5.1.2        Manufacturing of Cars and Commercial Vehicles at Huge Pace

5.2         Key Market Restraints

5.2.1        Significant Acceptance of Electric Vehicles in APAC

5.3         Key Market Opportunities

5.3.1-volt lead-acid battery will evolve in Coming Years

5.4         Future Trends

5.4.1        BSVI-Compliant Vehicles Likely to Come up

5.5         Impact Analysis of Drivers and Restraints

6.           Automotive Lead Acid Battery Market – APAC Analysis

6.1         APAC Automotive Lead Acid Battery Market Overview

6.2         APAC Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

7.           APAC Automotive Lead Acid Batteries Market Analysis By Product

7.1         Overview

7.2         APAC 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.           APAC Automotive Lead Acid Batteries Market – By Type

8.1         Overview

8.2         APAC 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.           APAC Automotive Lead Acid Batteries Market – By End-User

9.1         Overview

9.2         APAC 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.        APAC Automotive Lead Acid Battery Market – Country Analysis

10.1      Overview

10.1.1     APAC: Automotive Lead Acid Battery Market- by Key Country

10.1.1.1       China: Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       China: Automotive Lead Acid Battery Market- by Product

10.1.1.1.2       China: Automotive Lead Acid Battery Market- By Type

10.1.1.1.3       China: Automotive Lead Acid Battery Market- By End-user

10.1.1.2       India: Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       India: Automotive Lead Acid Battery Market- by Product

10.1.1.2.2       India: Automotive Lead Acid Battery Market- By Type

10.1.1.2.3       India: Automotive Lead Acid Battery Market- By End-user

10.1.1.3       Japan: Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Japan: Automotive Lead Acid Battery Market- by Product

10.1.1.3.2       Japan: Automotive Lead Acid Battery Market- By Type

10.1.1.3.3       Japan: Automotive Lead Acid Battery Market- By End-user

10.1.1.4       South Korea: Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       South Korea: Automotive Lead Acid Battery Market- by Product

10.1.1.4.2       South Korea: Automotive Lead Acid Battery Market- By Type

10.1.1.4.3       South Korea: Automotive Lead Acid Battery Market- By End-user

10.1.1.5       Rest of APAC: Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1       Rest of APAC: Automotive Lead Acid Battery Market- by Product

10.1.1.5.2       Rest of APAC: Automotive Lead Acid Battery Market- By Type

10.1.1.5.3       Rest of APAC: Automotive Lead Acid Battery Market- By End-user

11.        APAC Automotive Lead Acid Battery Market- COVID-19 Impact Analysis

11.1      APAC

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

13.10   KOYO BATTERY CO., LTD.

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             APAC Automotive Lead Acid Battery Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2.             China: Automotive Lead Acid Battery Market- by Product–Revenue and Forecast to 2028 (US$ Million)

Table 3.             China: Automotive Lead Acid Battery Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 4.             China: Automotive Lead Acid Battery Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 5.             India: Automotive Lead Acid Battery Market- by Product–Revenue and Forecast to 2028 (US$ Million)

Table 6.             India: Automotive Lead Acid Battery Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 7.             India: Automotive Lead Acid Battery Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 8.             Japan: Automotive Lead Acid Battery Market- by Product–Revenue and Forecast to 2028 (US$ Million)

Table 9.             Japan: Automotive Lead Acid Battery Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 10.          Japan: Automotive Lead Acid Battery Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 11.          South Korea: Automotive Lead Acid Battery Market- by Product–Revenue and Forecast to 2028 (US$ Million)

Table 12.          South Korea: Automotive Lead Acid Battery Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 13.          South Korea: Automotive Lead Acid Battery Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of APAC: Automotive Lead Acid Battery Market- by Product–Revenue and Forecast to 2028 (US$ Million)

Table 15.          Rest of APAC: Automotive Lead Acid Battery Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 16.          Rest of APAC: Automotive Lead Acid Battery Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 17.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Automotive Lead Acid Battery Market Segmentation

Figure 2.           APAC Automotive Lead Acid Battery Market Segmentation – By Country

Figure 3.           APAC 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.           China was the Largest Revenue Contributor in 2020

Figure 8.           APAC – PEST Analysis

Figure 9.           APAC Automotive Lead Acid Battery Market– Ecosystem Analysis

Figure 10.        Expert Opinion

Figure 11.        APAC Automotive Lead Acid Battery Market: Impact Analysis of Drivers and Restraints

Figure 12.        APAC Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        APAC Automotive Lead Acid Batteries Market Revenue Share, by Product (2020 and 2028)

Figure 14.        APAC SLI: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        APAC Micro hybrid batteries: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        APAC Automotive Lead Acid Batteries Market Revenue Share, by Type (2020 and 2028)

Figure 17.        APAC Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        APAC Enhanced Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        APAC VRLA: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        APAC Automotive Lead Acid Batteries Market Revenue Share, by End-User (2020 and 2028)

Figure 21.        APAC Passenger Car: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        APAC LCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        APAC MCV AND HCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        APAC: Automotive Lead Acid Battery Market, by Key Country – Revenue 2020 (US$ Million)

Figure 25.        APAC: Automotive Lead Acid Battery Market Revenue Share, By Key Country (2020 and 2028)

Figure 26.        China: Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        India: Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Japan: Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        South Korea: Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Rest of APAC: Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Impact of COVID-19 Pandemic in APAC Country Markets

 

  1. Clarios
  2. CSB Energy Technology Co., Ltd.
  3. East Penn Manufacturing Company
  4. EnerSys
  5. Exide Industries Limited
  6. GS Yuasa International Ltd.
  7. Johnson Controls, Inc.
  8. KOYO BATTERY CO., LTD.
  9. leoch International Technology Limited Inc
  10. Panasonic Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC automotive lead acid battery market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC automotive lead acid battery market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the automotive lead acid battery market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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