Market Overview:
The global traction lead-acid batteries market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and hybrid vehicles, rising concerns over environment pollution, and growing investments in renewable energy sources. The VRLA battery segment is expected to dominate the global traction lead-acid batteries market during the forecast period owing to its high efficiency and low maintenance requirements. However, the flooded battery segment is projected to grow at a higher CAGR due its lower cost as compared with VRLA batteries. The forklift application segment is estimated to account for majority of the global traction lead-acid batteries market in 2018 followed by stackers and electric tractors segments respectively.
Product Definition:
A traction lead-acid battery is a type of lead-acid battery that is specifically designed for use in vehicles. Traction lead-acid batteries are typically used to start engines and provide power to the vehicle's electrical system. They are also commonly used in commercial vehicles, such as buses and trucks.
VRLA Battery:
Virtual Rating System for Automotive (VRSA) is a method to rate automotive batteries based on their performance capability as compared to other auto parts. It helps in comparing the overall efficiency of a battery with its accessories and gauges the effectiveness of each component used in its construction.
Flooded Battery:
Flooded battery is a type of rechargeable battery that uses liquid electrolyte and has no solid state. It can be used in traction lead-acid batteries, which are used in electric vehicles or stationary power backup applications.
The flooded battery consists of two electrodes; an upper one made from zinc metal, the lower one made from copper sulfate solution. The positive and negative terminals are connected by a separator saturated with electrolyte to prevent short circuits.
Application Insights:
The global market is segmented by application into forklift, stackers, electric tractors, and others. The electric tractors segment is expected to witness the highest CAGR of XX% over the forecast period owing to rising demand for agricultural equipment in developing countries such as China and India. Traction batteries are also used in various other applications including material handling equipment, construction vehicles and material handling systems among others.
The Latin America region accounted for a significant share of the global market due to increasing industrialization along with growing population; these factors are anticipated to drive product demand over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. China and India are among the largest markets in Asia Pacific. The growing industrialization, presence of key manufacturers, and availability of cheap labor are some major factors driving regional growth.
North America accounted for a significant share in global revenue owing to high demand from industries including construction, transportation & storage, electrical & electronics and others. Stringent government regulations regarding lead acid battery recycling coupled with increasing focus on reducing greenhouse gas emissions have resulted in increased traction batteries sales across this region which is also projected to drive industry growth over the next eight years.
Latin America has witnessed tremendous economic development during recent years due to strong investments by foreign companies as well as governments in Latin American countries such as Brazil.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for traction lead-acid batteries.
- Stringent emission norms: Stringent emission norms are being implemented by various governments across the world in a bid to reduce environmental pollution levels. This is leading to an increase in the adoption of electric and hybrid vehicles, which in turn is boosting the demand for traction lead-acid batteries.
- Development of advanced battery technologies: Advancements are being made in battery technology, which is resulting in the development of better performing traction lead-acid batteries. This is aiding the growth of this market segment significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Traction Lead-acid Batteries Market Research Report
By Type
VRLA Battery, Flooded Battery, Others
By Application
Forklift, Stackers, Electric Tractors, Others
By Companies
Johnson Controls, EnerSys, Exide Technologies, Tianneng Battery Group, Hitachi Chemical, GSYUASA, Amara Raja, Sebang, East Penn Manufacturing (Deka), SYSTEMS SUNLIGHT, Hankook AtlasBX, C&D Technologies, Crown Battery, Hoppecke, Banner Batteries, TAB, Triathlon Batterien GmbH, LEOCH, Trojan, MIDAC, ACDelco, NorthStar Battry, SBS Battery, BAE Batterien
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Traction Lead-acid Batteries Market Report Segments:
The global Traction Lead-acid Batteries market is segmented on the basis of:
Types
VRLA Battery, Flooded Battery, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Forklift, Stackers, Electric Tractors, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Controls
- EnerSys
- Exide Technologies
- Tianneng Battery Group
- Hitachi Chemical
- GSYUASA
- Amara Raja
- Sebang
- East Penn Manufacturing (Deka)
- SYSTEMS SUNLIGHT
- Hankook AtlasBX
- C&D Technologies
- Crown Battery
- Hoppecke
- Banner Batteries
- TAB
- Triathlon Batterien GmbH
- LEOCH
- Trojan
- MIDAC
- ACDelco
- NorthStar Battry
- SBS Battery
- BAE Batterien
Highlights of The Traction Lead-acid Batteries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- VRLA Battery
- Flooded Battery
- Others
- By Application:
- Forklift
- Stackers
- Electric Tractors
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Traction Lead-acid Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Traction lead-acid batteries are a type of battery that is used in vehicles. They are made up of lead and acid, and they work by using a motor to turn the battery's cells. This creates electricity, which powers the vehicle.
Some of the major players in the traction lead-acid batteries market are Johnson Controls, EnerSys, Exide Technologies, Tianneng Battery Group, Hitachi Chemical, GSYUASA, Amara Raja, Sebang, East Penn Manufacturing (Deka), SYSTEMS SUNLIGHT, Hankook AtlasBX, C&D Technologies, Crown Battery, Hoppecke, Banner Batteries, TAB, Triathlon Batterien GmbH, LEOCH, Trojan, MIDAC, ACDelco, NorthStar Battry, SBS Battery, BAE Batterien.
The traction lead-acid batteries market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Traction Lead-acid Batteries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Traction Lead-acid Batteries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Traction Lead-acid Batteries Market - Supply Chain
4.5. Global Traction Lead-acid Batteries Market Forecast
4.5.1. Traction Lead-acid Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Traction Lead-acid Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. Traction Lead-acid Batteries Market Absolute $ Opportunity
5. Global Traction Lead-acid Batteries Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Traction Lead-acid Batteries Market Size and Volume Forecast by Type
5.3.1. VRLA Battery
5.3.2. Flooded Battery
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Traction Lead-acid Batteries Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Traction Lead-acid Batteries Market Size and Volume Forecast by Application
6.3.1. Forklift
6.3.2. Stackers
6.3.3. Electric Tractors
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Traction Lead-acid Batteries Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Traction Lead-acid Batteries Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Traction Lead-acid Batteries Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Traction Lead-acid Batteries Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Traction Lead-acid Batteries Demand Share Forecast, 2019-2026
9. North America Traction Lead-acid Batteries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Traction Lead-acid Batteries Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Traction Lead-acid Batteries Market Size and Volume Forecast by Application
9.4.1. Forklift
9.4.2. Stackers
9.4.3. Electric Tractors
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Traction Lead-acid Batteries Market Size and Volume Forecast by Type
9.7.1. VRLA Battery
9.7.2. Flooded Battery
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Traction Lead-acid Batteries Demand Share Forecast, 2019-2026
10. Latin America Traction Lead-acid Batteries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Traction Lead-acid Batteries Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Traction Lead-acid Batteries Market Size and Volume Forecast by Application
10.4.1. Forklift
10.4.2. Stackers
10.4.3. Electric Tractors
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Traction Lead-acid Batteries Market Size and Volume Forecast by Type
10.7.1. VRLA Battery
10.7.2. Flooded Battery
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Traction Lead-acid Batteries Demand Share Forecast, 2019-2026
11. Europe Traction Lead-acid Batteries Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Traction Lead-acid Batteries Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Traction Lead-acid Batteries Market Size and Volume Forecast by Application
11.4.1. Forklift
11.4.2. Stackers
11.4.3. Electric Tractors
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Traction Lead-acid Batteries Market Size and Volume Forecast by Type
11.7.1. VRLA Battery
11.7.2. Flooded Battery
11.7.3. Others
11.8. Basis Point hare (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Traction Lead-acid Batteries Demand Share, 2019-2026
12. Asia Pacific Traction Lead-acid Batteries Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Traction Lead-acid Batteries Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Traction Lead-acid Batteries Market Size and Volume Forecast by Application
12.4.1. Forklift
12.4.2. Stackers
12.4.3. Electric Tractors
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Traction Lead-acid Batteries Market Size and Volume Forecast by Type
12.7.1. VRLA Battery
12.7.2. Flooded Battery
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Traction Lead-acid Batteries Demand Share, 2019-2026
13. Middle East & Africa Traction Lead-acid Batteries Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Traction Lead-acid Batteries Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Traction Lead-acid Batteries Market Size and Volume Forecast by Application
13.4.1. Forklift
13.4.2. Stackers
13.4.3. Electric Tractors
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Traction Lead-acid Batteries Market Size and Volume Forecast by Type
13.7.1. VRLA Battery
13.7.2. Flooded Battery
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Traction Lead-acid Batteries Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Traction Lead-acid Batteries Market: Market Share Analysis
14.2. Traction Lead-acid Batteries Distributors and Customers
14.3. Traction Lead-acid Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Controls
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. EnerSys
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Exide Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tianneng Battery Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi Chemical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GSYUASA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Amara Raja
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sebang
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. East Penn Manufacturing (Deka)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SYSTEMS SUNLIGHT
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hankook AtlasBX
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. C&D Technologies
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Crown Battery
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hoppecke
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Banner Batteries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. TAB
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Triathlon Batterien GmbH
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. LEOCH
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Trojan
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. MIDAC
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook