North America to Witness Significant Decline in Automotive Lead Acid Battery Market, Owing to Downward Trend in Sales of Motorcycles and Cars

 


 

GlobalAutomotive Lead Acid Battery Market report 2020 provides detailed information on the current market size in terms of production, value, consumption and distribution in key areas such as North America, Asia Pacific (China, Japan) and Europe.

Market Dynamics

In the last few years, the number of batteries produced has increased steadily. In North America alone, there are almost 500 different lead acid manufacturers from a wide variety of manufacturers. Some major manufacturers that are prominent in the automotive industry are Sony, Bosch, and LG Chem. It is not surprising to find that these leading players have also established large manufacturing plants in Asia Pacific.

The automotive lead acid battery market in North America is expected to witness significant decline, as sales of motorcycles and cars witness downward trend. For instance, Yamaha Motor Co. has projected that the company’s motorcycle sales will drop 4.7% to 60,000 units in North America in 2020. During the fiscal year ended December 31, 2019, motorcycle sales dropped 6.3% to 63,000 units year over year. Similarly, Harley-Davidson Inc. reported that retail sales volumes dropped 4.3% in 2019 from 2018.

The global automotive lead acid battery production has been increasing steadily since early 1990s. The production rate is predicted to be about 50 million a year by the end of the next decade. This is expected to grow to around 100 million a year in the coming decade. In North America alone, the average production for automotive lead acid batteries is estimated at over three million a year. Asia Pacific is expected to make a significant contribution to the automotive lead acid battery market.

A major growth trend is expected in Asia Pacific, where the demand for automotive lead acid batteries is expected to grow at double the rate of the United States. Demand for the batteries is expected to be much higher in South Korea and Japan. The development of new technologies is expected to result in the reduction of cost while maintaining the high quality and safety. The global automotive lead acid battery manufacturing is expected to continue its rapid growth due to a wide range of factors including higher quality, lower cost and better output.

Competitive Analysis

Major players operating in the global automotive lead acid battery market include, Exide Technologies, Enersys Inc., FIAMM S.p.A, Johnson Controls Inc., Exide Industries, GS Yuasa Corporation, CSB Battery Technologies, Panasonic Corporation, East Penn Manufacturing Company, and Leoch International Technology Limited.

August 2020: Fiamm announced to equip its lead-acid battery with Galooli's AI Remote Management and GPS Tracking Solution to fight industrial-battery theft— a concern for operators of remote assets in the telecom and railway industries.

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