Middle East and Africa Automotive Lead Acid Battery Market

Market Introduction

In the MEA, South Africa is one of the major shareholders in the automotive lead acid battery industry. In recent years, the nation has seen an increase in demand for vehicles. According to the Bureau of Transportation Statistics, South Africa produced 631,983 passenger and commercial vehicles in 2019. Since lead-acid batteries are used in vehicles to facilitate start-stop operations, the market for lead-acid batteries will rise as the number of automobiles produced increases. The lead-acid battery industry in MEA would expand due to increased demand.  In many MEA countries, a shared mobility model based on electric vehicles is being introduced in public transportation. The government of the United Arab Emirates, for example, plans to have 42,000 hybrid cars on the road by 2025, including passenger and light trucks. In September 2017, the Dubai Electricity and Water Authority (DEWA) and the Road Transport Authority (RTA) announced a variety of incentives for electric car users, ranging from free public parking and charging to toll/fee waivers and registration discounts. As a result, the region's increasing interest in electric vehicles would fuel the growth of lead-acid batteries.

South Africa has reported the largest COVID-19 cases in the MEA, followed by Iran and other countries. Industries across the region had come to a halt in the initial phases of the pandemic; however, with the gradual reopening of economies under restrictions and social distancing guidelines, industries are implementing and working on the changes needed to meet the customer's distinct demands in best possible ways. In April 2020, the number of preowned online car listings in the UAE dropped by ~50%. Since the factories are unable to resume operations due low requirements, the automotive sector is waiting for the situation to return to normalcy and other industries to restart their work processes, Thus, the abovementioned factors are limiting the growth of the automotive lead acid batteries market in the MEA.                     

Market Overview and Dynamics

The automotive lead acid battery market in MEA is expected to grow from US$ 186.46 million in 2021 to US$ 260.35 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028. The world is witnessing a proliferation in the adoption of hybrid vehicles. Due to formulation of stringent emission standards by government to protect environment while boosting fuel efficiency, both automotive manufacturers and government are making a strategic towards promoting use of hybrid vehicles from old and conventional vehicles. EVI Membership, EV30@30 campaign, EVI MEA 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 some of the government initiatives promoting use of next generation of mobility. These initiatives are contributing towards fostering the adoption of vehicles including hybrid vehicles.   

Key Market Segments

The MEA automotive lead acid battery market is segmented based on product, type, and end user. Based on product, the MEA 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, MEA 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 MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Clarios; EnerSys; Exide Industries Limited; Johnson Controls, Inc.; and Panasonic Corporation.    

Reasons to buy report

• To understand the MEA 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 MEA automotive lead acid battery market.
• Efficiently plan M&A and partnership deals in MEA 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 MEA automotive lead acid battery market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA Automotive Lead Acid Battery Market Segmentation

MEA Automotive Lead Acid Battery Market - By Product

• SLI
• Micro Hybrid Batteries

MEA Automotive Lead Acid Battery Market - By Type

• Flooded
• Enhanced Flooded
• VRLA

MEA Automotive Lead Acid Battery Market - By End User

• Passenger Cars
• LCV
• M&HCV

MEA Automotive Lead Acid Battery Market - By Country

• South Africa
• Rest of MEA  

MEA Automotive Lead Acid Battery Market - Company Profiles  

• Clarios
• EnerSys
• Exide Industries Limited
• Johnson Controls, Inc.
• Panasonic Corporation

Middle East and Africa Automotive Lead Acid Battery Market Strategic Insights

Middle East and Africa Automotive Lead Acid Battery Market Segmentation Analysis

Middle East and Africa Automotive Lead Acid Battery Market Report Highlights

Middle East and Africa Automotive Lead Acid Battery Report Scope

Middle East and Africa Automotive Lead Acid Battery Market Country and Regional Insights