Market Size of Lead-acid Battery Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 47.29 Billion |
| Market Size (2029) | USD 58.65 Billion |
| CAGR (2024 - 2029) | 4.40 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Lead Acid Battery Market Analysis
The Lead-acid Battery Market size is estimated at USD 47.29 billion in 2024, and is expected to reach USD 58.65 billion by 2029, growing at a CAGR of 4.40% during the forecast period (2024-2029).
Though COVID-19 negatively impacted the market in 2020, it has reached pre-pandemic levels.
- Over the medium term, the increasing sales of automobiles are expected to stimulate the growth of the lead-acid battery market.
- On the other hand, declining costs and increasing adoption of lithium-ion batteries are expected to hinder the growth of the market during the forecast period.
- The lead-acid battery market has witnessed several developments in technologies like AGM (Absorbed Glass Mat) batteries and EFB (Enhanced Flooded Battery) technology, which are expected to provide great opportunities for the market during the forecast period.
- Asia-Pacific is expected to dominate the lead-acid battery market, with most of the demand coming from China, Japan, and India.
