UK Lead Acid Battery Market Size & Outlook, 2023-2030
UK lead acid battery market, 2018-2030 (US$M)
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UK lead acid battery market highlights
- The UK lead acid battery market generated a revenue of USD 2,950.3 million in 2023 and is expected to reach USD 3,312.5 million by 2030.
- The UK market is expected to grow at a CAGR of 1.7% 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.
Lead acid battery market data book summary
| Market revenue in 2023 | USD 2,950.3 million |
| Market revenue in 2030 | USD 3,312.5 million |
| Growth rate | 1.7% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | UPS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UK accounted for 3.9% of the global lead acid battery market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia lead acid battery market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 2,449.3 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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UK 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 58.19% in 2023. Horizon Databook has segmented the UK 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.
Commencement of “Construction 2020” Action Plan will augment construction sector in the region. Efficiency improvements in existing buildings and renovations have the highest potential to stimulate demand; in addition, improving technologies will augment demand for UPS.
Moreover, planning of various PPP projects in the region for construction of roads, hospitals, schools and airports is expected to boost the market demand over the forecast period. Furthermore, governments in the UK, and France are rolling out large-scale initiatives in order to provide electric vehicles to government agencies, and build an EV charging network, thereby driving market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK lead acid battery market , including forecasts for subscribers. This country databook contains high-level insights into UK lead acid battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK lead acid battery market size, by application, 2018-2030 (US$M)
UK Lead Acid Battery Market Outlook Share, 2023 & 2030 (US$M)
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