Lead-acid Battery Market Size

Statistics for the 2023 & 2024 Lead-acid Battery market size, created by Mordor Intelligence™ Industry Reports. Lead-acid Battery size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Lead-acid Battery Industry

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Lead-acid Battery Market Summary
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

Lead-acid Battery Market 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.

Lead Acid Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)