Europe 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)
Market Introduction
The automobile industry is critical to Europe's economic development. The EU is one of the world's largest producers of automobiles, and the automotive industry is the largest private investor in research and development (R&D), responsible for 29% of total spending. The European Commission promotes global technical harmonization and offers funds for R&D to improve the productivity of the EU automotive industry and maintain its global technological leadership. One of the main drivers for the automotive lead-acid battery market in Europe is the rising automotive industry. Estimates say that there are more than 260 million passenger vehicles, 4 million trucks, and 30 million buses on European roads in October 2019. Every year, about 15 million new cars and 200,000-220,000 new trucks are introduced, and the lead-acid battery that powers starting, lighting, and ignition is essential to all of them. European automobiles are recognized around the world for their advanced architecture and higher-than-average electronics content. This necessitates the use of a large battery, which can range in size from 40Ah in regular A segment cars to 100Ah in Premium C& D segment cars. As a result, the market for lead-acid batteries is increasing. Furthermore, in 2019, the European electric vehicle industry expanded at a faster rate than other international markets, owing to favorable government policies and changing consumer preferences. As a result, these factors would drive the demand for lead-acid batteries in the region.
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.
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Market Overview and Dynamics
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 automotive sector is undergoing through tremendous technological advancements which is expected to generate development opportunity for automotive related components including batteries. For instance, in India, the Government authority has mandated that all automotive manufacturers including four-wheeler and two-wheelers can produce, sell, and register BSVI-compliant vehicles solely. This rule has been effective from April,1 2020 and is also marked as a landmark in the past of automotive sector. Additionally, with the formation of stringent regulations regarding vehicle emissions, it is anticipated that automotive manufacturers would make a shift into micro hybrid engine architecture which is further projected to result into higher demand for complex & advanced car batteries.
Key Market Segments
The Europe automotive lead acid battery market is segmented based on product, type, and end user. Based on product, the Europe 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, Europe automotive lead acid battery market is segmented into flooded, enhanced flooded, and VRLA. The enhanced 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 Europe 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.; leoch International Technology Limited Inc; and Panasonic Corporation.
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- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Automotive Lead Acid Battery Market Segmentation
Europe Automotive Lead Acid Battery Market - By Product
- SLI
- Micro Hybrid Batteries
Europe Automotive Lead Acid Battery Market - By Type
- Flooded
- Enhanced Flooded
- VRLA
Europe Automotive Lead Acid Battery Market - By End User
- Passenger Cars
- LCV
- M&HCV
Europe Automotive Lead Acid Battery Market - By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe 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.
- 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. Europe Automotive Lead Acid Battery Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Automotive Lead Acid Battery Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Mild Hybrid Vehicles Getting Accepted
5.1.2 Surge in Manufacturing of Cars and Commercial Vehicles
5.2 Key Market Restraints
5.2.1 Electric Vehicles Getting Popular
5.3 Key Market Opportunities
5.3.1-volt lead-acid battery Shaping future of vehicle technology
5.4 Future Trends
5.4.1 Development of BSVI-Compliant Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Lead Acid Battery Market – Europe Analysis
6.1 Europe Automotive Lead Acid Battery Market Overview
6.2 Europe Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Automotive Lead Acid Batteries Market Analysis – By Product
7.1 Overview
7.2 Europe 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. Europe Automotive Lead Acid Batteries Market – By Type
8.1 Overview
8.2 Europe 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. Europe Automotive Lead Acid Batteries Market – By End-User
9.1 Overview
9.2 Europe 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. Europe Automotive Lead Acid Battery Market – Country Analysis
10.1 Overview
10.1.1 Europe: Automotive Lead Acid Batteries Market- by Key Country
10.1.1.1 Germany: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Automotive Lead Acid Batteries Market- by Product
10.1.1.1.2 Germany: Automotive Lead Acid Batteries Market- By Type
10.1.1.1.3 Germany: Automotive Lead Acid Batteries Market- By End-user
10.1.1.2 France: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Automotive Lead Acid Batteries Market- by Product
10.1.1.2.2 France: Automotive Lead Acid Batteries Market- By Type
10.1.1.2.3 France: Automotive Lead Acid Batteries Market- By End-user
10.1.1.3 Italy: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Automotive Lead Acid Batteries Market- by Product
10.1.1.3.2 Italy: Automotive Lead Acid Batteries Market- By Type
10.1.1.3.3 Italy: Automotive Lead Acid Batteries Market- By End-user
10.1.1.4 UK: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Automotive Lead Acid Batteries Market- by Product
10.1.1.4.2 UK: Automotive Lead Acid Batteries Market- By Type
10.1.1.4.3 UK: Automotive Lead Acid Batteries Market- By End-user
10.1.1.5 Russia: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Automotive Lead Acid Batteries Market- by Product
10.1.1.5.2 Russia: Automotive Lead Acid Batteries Market- By Type
10.1.1.5.3 Russia: Automotive Lead Acid Batteries Market- By End-user
10.1.1.6 Rest of Europe: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Automotive Lead Acid Batteries Market- by Product
10.1.1.6.2 Rest of Europe: Automotive Lead Acid Batteries Market- By Type
10.1.1.6.3 Rest of Europe: Automotive Lead Acid Batteries Market- By End-user
11. Europe Automotive Lead Acid Battery Market- COVID-19 Impact Analysis
11.1 Europe
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Automotive Lead Acid Battery Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Germany: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 11. UK: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Automotive Lead Acid Battery Market Segmentation
Figure 2. Europe Automotive Lead Acid Battery Market Segmentation – By Country
Figure 3. Europe 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. Rest of Europe was the Largest Revenue Contributor in 2020
Figure 8. Europe – PEST Analysis
Figure 9. Europe Automotive Lead Acid Battery Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Europe Automotive Lead Acid Battery Market: Impact Analysis of Drivers and Restraints
Figure 12. Europe Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Automotive Lead Acid Batteries Market Revenue Share, by Product (2020 and 2028)
Figure 14. Europe SLI: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Micro hybrid batteries: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Automotive Lead Acid Batteries Market Revenue Share, by Type (2020 and 2028)
Figure 17. Europe Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Enhanced Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe VRLA: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Automotive Lead Acid Batteries Market Revenue Share, by End-User (2020 and 2028)
Figure 21. Europe Passenger Car: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe LCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe MCV AND HCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Automotive Lead Acid Batteries Market, by Key Country – Revenue 2020 (US$ Million)
Figure 25. Europe: Automotive Lead Acid Batteries Market Revenue Share, By Key Country (2020 and 2028)
Figure 26. Germany: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. France: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Italy: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. UK: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Russia: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Europe: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets
- 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
- Panasonic Corporation
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