Asia Pacific Lead Acid Battery Market Size & Outlook
Asia Pacific lead acid battery market, 2018-2030 (US$M)
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Asia Pacific lead acid battery market highlights
- The Asia Pacific lead acid battery market generated a revenue of USD 27,331.1 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2023.
- Transport Vehicles is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 27,331.1 million |
| Market revenue in 2030 | USD 38,342.4 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Transport Vehicles |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, UPS, Telecom, Electric Bikes, Transport Vehicles |
| Key market players worldwide | East Penn Manufacturing Co, EXIDE Industries, Johnson Controls International PLC, Northstar Recycling, GS Yuasa Corp, Crown Holdings Inc, Leoch International Technology Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.6% of the global lead acid battery market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 9,337.2 million by 2030.
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Lead Acid Battery Market Scope
Lead Acid Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific lead acid battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lead acid battery market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 61.3% in 2023. Horizon Databook has segmented the Asia Pacific lead acid battery market based on automotive, ups, telecom, electric bikes, transport vehicles covering the revenue growth of each sub-segment from 2018 to 2030.
Substantial demand for automotive industry which is one of the largest end users of lead acid battery across the countries including India, Indonesia, Sri Lanka, and Vietnam will augment market growth. Rising awareness about technical limitations such as low energy density and weight of the battery will restrict market growth.
Robust manufacturing base of lead acid battery in China, Japan and India along with commitment of governments towards infrastructure development is expected to increase lead acid battery market share over the forecast period.
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Our clientele includes a mix of lead acid battery market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific lead acid battery market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific lead acid battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific lead acid battery market size, by country, 2018-2030 (US$M)
Asia Pacific Lead Acid Battery Market Outlook Share, 2023 & 2030 (US$M)
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