2028 European Automotive Battery Leaders: Who’s Winning the Lead Acid Game?

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.

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Technological Advancements and Market Outlook

The automotive sector is undergoing significant technological transformation, creating growth opportunities for various automotive components, including batteries. In India, for example, the government mandated that all two-wheeler and four-wheeler manufacturers produce, sell, and register only BS-VI-compliant vehicles starting from April 1, 2020. This regulation marked a major milestone in the evolution of the country’s automotive industry. Additionally, the implementation of stringent vehicle emission norms is expected to drive the transition toward micro-hybrid engine architectures, which in turn is anticipated to boost the demand for advanced and complex car batteries.

Market Introduction

The automobile industry is a cornerstone of Europe’s economic progress. The European Union is one of the leading global producers of vehicles, and the automotive sector is the largest private contributor to research and development (R&D), accounting for 29% of total R&D expenditure. The European Commission actively supports global technical harmonization and provides funding for R&D to enhance the competitiveness and innovation capacity of the EU automotive industry.

One of the key drivers of the European automotive lead-acid battery market is the robust automotive sector. As of October 2019, Europe had over 260 million passenger vehicles, 30 million buses, and 4 million trucks on its roads. Each year, the market sees the addition of around 15 million new cars and 200,000 to 220,000 new trucks, all of which rely on lead-acid batteries for starting, lighting, and ignition (SLI) functions.

European vehicles are globally known for their advanced designs and high electronic content, which necessitates larger and more capable batteries. Depending on the vehicle segment, battery capacity requirements can range from 40Ah in compact (A-segment) vehicles to 100Ah in premium C and D segment cars. This increasing demand for high-capacity batteries is contributing to the growth of the lead-acid battery market.

Furthermore, Europe’s electric vehicle (EV) market witnessed significant growth in 2019, outpacing other global markets due to supportive government policies and evolving consumer preferences. These developments are further fueling the demand for lead-acid batteries across the region.

Impact of COVID-19

Russia was the European country most severely impacted by the COVID-19 pandemic, recording approximately 4.49 million cases by March 2021. In response to the outbreak, European nations enforced strict measures and travel restrictions, including partial border closures. As a result, vehicle production across the region declined sharply due to factory shutdowns.

In the first half of 2020 alone, Europe saw a production loss of approximately 3.6 million vehicles, translating to an estimated €100 billion in revenue loss. These disruptions significantly hampered the growth of the automotive lead-acid battery market in Europe during the year.

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

Europe Automotive Lead Acid Battery Strategic Insights

Strategic insights for the Europe Automotive Lead Acid Battery provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Automotive Lead Acid Battery Regional Insights

The geographic scope of the Europe Automotive Lead Acid Battery refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights