Latin America Lead Acid Battery Market Size & Outlook
Latin America lead acid battery market, 2018-2030 (US$M)
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Latin America lead acid battery market highlights
- The Latin America lead acid battery market generated a revenue of USD 6,062.6 million in 2023.
- The market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2023.
- UPS is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 6,062.6 million |
| Market revenue in 2030 | USD 9,337.2 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | UPS |
| 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, Latin America region accounted for 8.1% 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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Latin America 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 55.81% in 2023. Horizon Databook has segmented the Latin America 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.
Growing power supply emergence in Brazil on account of increasing developments is expected to force FMCG companies to increase their production capacity. In addition, rising disposable income levels along with shift in consumer preference for pollution free electric bikes will propel industry growth over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America lead acid battery market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America lead acid battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America lead acid battery market size, by country, 2018-2030 (US$M)
Latin America Lead Acid Battery Market Outlook Share, 2023 & 2030 (US$M)
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