市场调查报告书
商品编码
1597282
印度的汽车用铅蓄电池市场:各车辆类型,各电池容量,各销售管道,各地区,机会,预测,2018年~2032年India Automotive Lead Acid Battery Market Assessment, By Vehicle Type, By Battery Capacity, By Sales Channel, By Region, Opportunities and Forecast, FY2018-FY2032F |
2025-2032年预测期内,印度汽车铅酸电池市场规模将以4.72%的复合年增长率增长,从2024年的19.2亿美元增长到2032年的27.7亿美元。近年来,该市场经历了显着增长,由于快速城市化、汽车行业的显着扩张、技术进步和电池行业的创新,预计将继续扩大。汽车铅酸电池在汽车应用中的成本效益、可承受性和相容性是推动市场扩张的其他关键因素。印度汽车铅酸电池市场的需求正在显着增长,由于其成本效益、可靠性和先进技术,长期以来一直是汽车启动、照明和点火 (SLI) 应用的首选。此外,新车型的开发、汽车销售的大幅增长以及汽车行业的持续技术创新预计将在预测期内增加印度汽车铅酸电池市场的成长需求。
市场上的製造商也在投资产品升级,以提高汽车铅酸电池的效能并延长电池寿命。电池的进步缓解了消费者对环境永续性和增强耐腐蚀性的主要担忧,再加上日间行驶LED 在汽车购买者中的日益普及,导致印度汽车铅酸电池的成长推动了对高压电池的需求。此外,市场开发公司正在投资各种研发活动,以推出创新新产品,并满足汽车产业对铅酸电池日益增长的需求。此外,该公司正在投资汽车铅酸电池,以提供更好的体验。
本报告提供印度的汽车用铅蓄电池市场相关调查,提供市场概要,以及各车辆类型,各电池容量,各销售管道,各地区趋势,及加入此市场的主要企业简介等资讯。
India automotive lead acid battery market is projected to witness a CAGR of 4.72% during the forecast period FY2025-FY2032, growing from USD 1.92 billion in FY2024 to USD 2.77 billion in FY2032. The market has observed significant growth in recent years and is expected to maintain an expansion in the coming years owing to rapid urbanization, considerable expansion in the automotive industry, technological advancements, and innovations in the battery industry. Cost-effectiveness, affordability, and compatibility of automotive lead acid batteries in the range of automotive applications are the other key drivers propelling market expansion. The demand for India automotive lead acid battery market is significantly rising as it has been a long-preferred choice for starting, lighting, and ignition (SLI) applications in vehicles, owing to their cost-effectiveness, reliability, and well-advanced technology. Furthermore, the development of new vehicle models, massive growth in vehicle sales, and continuous innovations in the automotive industry will increase demand for automotive lead acid battery market growth in India in the forecast period.
Also, manufacturers in the market are investing in upgrading their products to improve the effectiveness of automotive lead acid batteries and extend battery life. Advancements in batteries mitigate key consumer concerns regarding a sustainable environment and enhanced corrosion resistance, coupled with the growing craze of daytime running LEDs among car buyers, driving the demand for high voltage batteries, including automotive lead acid batteries in India. Additionally, companies in the market are investing in different research and development activities to launch new and innovative products and address the rising demand for lead acid batteries in the automotive industry. Furthermore, companies are investing in automotive lead acid batteries to offer a better experience.
For instance, in June 2024, Amara Raja Energy & Mobility Limited announced an investment of nearly USD 36 million as capital expenditure for its new energy and lead acid businesses during FY2025 and FY2026 to remain competitive in India's growing EV sphere.
Rising Adoption of Electric Vehicles to Drive India Automotive Lead Acid Battery Market Demand
The considerable increase in demand for electric vehicles, including electric passenger cars, e-rickshaws, and others in India, is projected to drive the demand for automotive lead acid batteries. The Indian government is implementing different policies and regulations to promote the adoption of e-rickshaws and reduce carbon emissions, propelling India automotive lead acid battery market growth in the forecast period. Moreover, the Indian government offers incentives and subsidies that decrease the overall cost of automobiles and surge in demand for EVs, which further fosters market demand in India. This trend is projected to continue as the automotive industry moves towards electrification, with automotive lead acid batteries being significant in powering entry-level EVs and hybrid models. Companies in the market are efficiently introducing automotive lead acid battery technology to reduce emissions and extend the lifespan of vehicles.
For instance, in June 2023, Schaeffler India Limited announced the launch of Schaeffler TruPower 2-Wheeler Batteries, leveraging Valve Regulated Lead Acid technology to ensure trouble-free running of the vehicle.
Rising Awareness Concerning Sustainable Environment Propels Market Growth
The growing awareness concerning sustainable environment and transportation and government regulations on net zero carbon emissions are anticipated to propel the growth of India automotive lead acid battery market in the forecast period. Automakers significantly utilize lead acid batteries in cars and other motor vehicles due to their cost-effectiveness and longer life cycle, coupled with zero-carbon emissions. Additionally, the regulatory assistance for green technologies and the force towards cleaner transportation solutions foster the integration of automotive lead acid batteries in different automotive applications. Companies in the market are introducing automotive lead acid batteries to address the rising demand for sustainable transportation and advance the performance of vehicles.
For instance, in January 2024, Ipower Batteries Private Limited announced the launch of Graphene series lead acid batteries in the country to contribute to the growth of the EV industry in India.
Government Rules and Regulations to Push Market Growth
In India, government rules and regulations are considerably propelling the growth of India automotive lead acid battery market as the Indian government introduced different initiatives focused on encouraging sustainability and improving recycling procedures. Policies, including stricter environmental standards for battery disposal and improved recycling regulations, are motivating manufacturers to implement eco-friendly procedures. In addition, the government's support for cost-effective energy storage solutions and incentives for adopting energy-efficient technologies support the increased demand for automotive lead acid batteries in India in the forecast period. Furthermore, the government of India pushes automakers to use locally manufactured batteries, propelling domestic production and innovation. The government is framing different regulations to minimize health risks and enhance vehicle safety and carbon emissions, driving the automotive industry, which further propels the market growth for automotive lead acid batteries.
For instance, the Government of India announced an ambitious target of 30% EV penetration by 2030, surging the demand for automotive lead acid batteries. Also, GOI has a vision of Viksit Bharat by 2047, which requires the introduction of a robust research and development scenario that allows the formation of a self-reliant domestic EV ecosystem.
Passenger Cars to Dominate India Automotive Lead Acid Battery Market Share
Passenger cars dominate the largest market share in India automotive lead acid battery market owing to an increase in disposable income, technological advancement in vehicles, and lower fueling and maintenance costs. The growth of India passenger vehicle market is rising owing to the awareness concerning sustainability and strict government regulations on net zero carbon emissions. Companies in the market are designing EVs with accessibility in mind, making them a better choice for public transportation with wider doors and more space inside to accommodate passengers with pushchairs, prams, and luggage. In addition, companies are introducing automotive lead acid batteries to offer reliable starting power and address the automakers' demand for lead acid batteries.
For instance, in July 2024, Exide Industries Ltd announced the launch of a new advanced Absorbent Glass Mat (AGM) battery for starting, light, and ignition (SLI) applications. Exide anticipants SLI-AGM batteries to become a dominant percentage of all four-wheeler battery requirements, precisely passenger vehicles.
Future Market Scenario (FY2025-FY2032F)
The expansion in the automotive industry and growing demand for passenger vehicles and light commercial vehicle production are projected to drive the growth of India automotive lead acid battery market in the forecast period.
Advancements in battery technology and a growing requirement for changing batteries at regular intervals are anticipated to propel the market growth in India for automotive lead acid batteries.
Rising research and development activities through partnerships and collaborations between key participants in the market have resulted in innovation and the launch of new products in the market.
Extending requirements for high-performance batteries owing to an increase in the adoption rate of e-rickshaws will introduce market growth opportunities for market players in India.
Key Players Landscape and Outlook
Companies in India automotive lead acid battery market are investing in different research and development activities to enhance the performance of batteries coupled with reliability and compatibility. Companies have spread their wings across the international market and had the opportunity to serve many of India's popular companies. Key market players are significantly adopting growth strategies, including joint ventures, partnerships, mergers and acquisitions, collaborations, amalgamation, new product launches, and others to expand their market presence and market share.
In August 2023, Amara Raja Energy & Mobility Limited announced an expansion of its lead acid battery business abroad, even as it expands into the manufacturing of green lithium-ion batteries.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.