ASEAN lead acid battery market is dynamic and growing, supported by strong economic growth and rising automobile ownership, with significant infrastructures in place. Automotive is one of the major growth drivers for this industry as high incomes and urbanization raise the demand for vehicles, thus increasing the demand for lead-acid batteries in automotive applications.
Rapid industrialization and significant large-scale infrastructure projects, such as building and transportation networks, thereby increase demands for efficient energy storage solutions. Although lead acid batteries account for a large market share due to cost and matured technologies, the interest in newer battery technologies and environmental concerns about lead persists.
On the other hand, investment in infrastructure and vehicle fleets by industries and governments will drive growth over time, adoption pressures to invest in a sustainable and efficient energy storage solution for the future will be added.
Attribute | Detail |
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Drivers |
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Attribute | Detail |
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Leading Segment (By Construction Design) |
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Leading Segment (By Application) |
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Leading Region |
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Each of these players are profiled in the ASEAN lead acid battery market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments
Attribute | Detail |
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Market Size Value in 2023 (Base Year) | US$ 2.13 Bn |
Market Forecast Value in 2034 | US$ 4.26 Bn |
Growth Rate (CAGR) | 6.35% |
Forecast Period | 2024-2034 |
Historic Period | 2020-2022 |
Base year | 2023 |
Quantitative Units |
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Market Analysis | It includes cross segment analysis at ASEAN as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porters Five Forces analysis, Value chain analysis, industry trend analysis, etc. |
Competition Landscape |
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Format | Electronic (PDF) + Excel |
Market Segmentation |
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Country Covered |
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Companies Profiled |
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Customization Scope | Available upon Request |
Pricing | Available upon Request |
The ASEAN lead acid battery market is valued at US$ 2.13 Bn.
The ASEAN lead acid battery market is expected to grow at a CAGR of 6.35%, by 2034.
The ASEAN Lead Acid Battery market will be worth US$ 4.26 Bn in 2034.
Apex Battery, Clarios International Inc., Crown Battery Manufacturing Company, East Penn Manufacturing Company, EnerSys, EXIDE INDUSTRIES LTD., GS Yuasa Corporation, Leoch International Technology Limited Inc., Luminous India, MICROTEK, Panasonic Holdings Corporation, PT. Century Batteries Indonesia, THE FURUKAWA BATTERY CO., LTD., The Sunlight Group, and others
The Lead Acid Battery market in Thailand has a significant market share of 23.59% of the market share attributed to growing automotive sector in the major economies of the region.
The Sealed Lead Acid Battery (SLA)/ VRLA segment has the highest share in ASEAN Lead Acid Battery market.
Thailand is the most lucrative country in ASEAN Lead Acid Battery market with the most dominating market share. ASEAN is home to many new and established vehicle manufacturers. Thailand, being the largest producer and consumer of vehicles, significantly contributes to the demand for Lead Acid Battery.
1. Executive Summary: ASEAN Lead Acid Battery Market
1.1. ASEAN Market Outlook
1.1.1. Market Size, Volume (Thousand Units), Value (US$ Bn), 2020-2034
1.2. Key Facts and Figures
1.3. Go to Market Strategy
1.3.1. Demand & Supply Side Trends
1.3.2. Identification of Potential Market Spaces
1.3.3. Preferred Sales & Marketing Strategy
1.3.4. Growth Opportunity Analysis
1.4. TMR Analysis and Recommendations
2. Market Overview
2.1. Key Trend Analysis
2.2. Market Dynamics (Growth Influencers)
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Opportunities
2.3. Porter’s Five Forces Analysis
2.4. SWOT Analysis
2.5. Regulatory Framework
2.6. Value Chain Analysis/ Ecosystem Mapping
2.6.1. Raw Material Suppliers
2.6.2. Lead Acid Battery Manufacturers
2.6.3. OEM’s/ Vehicle Manufacturers
2.6.4. Level of Integration/ Who Supplies Whom
2.6.5. Cost Structure Analysis
2.6.6. Profit Margin Analysis for each Value Chain category
2.6.7. Pricing Analysis
2.7. Application/ Product Overview
2.8. Impact Factors
2.8.1. Economic Growth and Vehicle Ownership
2.8.2. Regulatory and Environmental Policies
2.8.3. Technological Advancements and Market Competition
2.9. Market Opportunity Assessment
2.9.1. By Construction Design
2.9.2. By Cycle
2.9.3. By Application
2.9.4. By Country
2.10. ASEAN Lead Acid Battery Market Size, Analysis, and Forecasts, 2020-2034
3. ASEAN Lead Acid Battery Market Analysis and Forecasts, by Construction Design
3.1. Key Segment Analysis
3.2. Lead Acid Battery Market Size, Analysis, and Forecasts, by Construction Design, 2020-2034
3.2.1. Flooded Lead Acid Battery
3.2.2. Sealed Lead Acid Battery (SLA)/ VRLA
3.2.2.1. AGM SLA
3.2.2.2. Gel SLA
4. ASEAN Lead Acid Battery Market Analysis and Forecasts, By Cycle
4.1. Key Segment Analysis
4.2. Lead Acid Battery Market Size, Analysis, and Forecasts, By Cycle, 2020-2034
4.2.1. Deep Cycle Battery
4.2.2. Starter Battery
5. ASEAN Lead Acid Battery Market Analysis and Forecasts, by Application
5.1. Key Segment Analysis
5.2. Lead Acid Battery Market Size, Analysis, and Forecasts, by Application, 2020-2034
5.2.1. Automotive
5.2.1.1. By Vehicle Type
5.2.1.1.1. Two Wheeler Battery
5.2.1.1.2. Three Wheeler Battery
5.2.1.1.3. Passenger Vehicles Battery
5.2.1.1.4. Commercial Vehicles Battery
5.2.1.1.5. Buses & Coaches Battery
5.2.1.1.6. Off-road Vehicles Battery
5.2.1.1.7. E-Ride Battery
5.2.1.2. By Sales Channel
5.2.1.2.1. OEM
5.2.1.2.2. Aftermarket
5.2.2. Telecom
5.2.3. Solar
5.2.4. Marine
5.2.5. Defense
5.2.6. Railway/ Locomotive
5.2.7. UPS
5.2.7.1. Home
5.2.7.2. Institutional
5.2.8. Power-sports
5.2.8.1. ATVs & Quads
5.2.8.2. UTVs
5.2.8.3. Watersports
5.2.8.4. Snowmobile
5.2.9. Buggy
5.2.9.1. Golf
5.2.9.2. Airport
5.2.9.3. Resorts/hotel
5.2.9.4. Park/zoo
5.2.10. Power & Infrastructure Projects
5.2.11. Traction & Motive Power
5.2.12. Mining
5.2.13. Agriculture
5.2.14. Material Handling Equipment
6. ASEAN Lead Acid Battery Market Analysis and Forecasts, by Country
6.1. Key Findings
6.2. Lead Acid Battery Market Size, Analysis, and Forecasts, by Country, 2020-2034
6.2.1. Thailand
6.2.2. Indonesia
6.2.3. Vietnam
6.2.4. Malaysia
6.2.5. Philippines
6.2.6. Singapore
6.2.7. Myanmar
6.2.8. Cambodia
7. Competitive Landscape
7.1. Competition Structure
7.2. Revenue Share Analysis
7.3. Competitive Dashboard/ Matrix Analysis
7.4. Company Profile/ Analysis
7.4.1. Company Details
7.4.2. Company Overview
7.4.3. Business Portfolio
7.4.4. Product Portfolio
7.4.5. Strategic Overview and Recent Developments
7.4.6. Company Revenue
7.4.7. Company Financials
8. Company Profiles
8.1. Apex Battery
8.1.1. Company Details
8.1.2. Company Overview
8.1.3. Business Portfolio
8.1.4. Product Portfolio
8.1.5. Strategic Overview and Recent Developments
8.1.6. Company Revenue
8.1.7. Company Financials
8.2. BAE Batterien GmbH (BAE)
8.2.1. Company Details
8.2.2. Company Overview
8.2.3. Business Portfolio
8.2.4. Product Portfolio
8.2.5. Strategic Overview and Recent Developments
8.2.6. Company Revenue
8.2.7. Company Financials
8.3. C&D Technologies, Inc.
8.3.1. Company Details
8.3.2. Company Overview
8.3.3. Business Portfolio
8.3.4. Product Portfolio
8.3.5. Strategic Overview and Recent Developments
8.3.6. Company Revenue
8.3.7. Company Financials
8.4. Chaowei Power Holdings Limited
8.4.1. Company Details
8.4.2. Company Overview
8.4.3. Business Portfolio
8.4.4. Product Portfolio
8.4.5. Strategic Overview and Recent Developments
8.4.6. Company Revenue
8.4.7. Company Financials
8.5. Clarios International Inc.
8.5.1. Company Details
8.5.2. Company Overview
8.5.3. Business Portfolio
8.5.4. Product Portfolio
8.5.5. Strategic Overview and Recent Developments
8.5.6. Company Revenue
8.5.7. Company Financials
8.6. Crown Battery Manufacturing Company
8.6.1. Company Details
8.6.2. Company Overview
8.6.3. Business Portfolio
8.6.4. Product Portfolio
8.6.5. Strategic Overview and Recent Developments
8.6.6. Company Revenue
8.6.7. Company Financials
8.7. East Penn Manufacturing Company
8.7.1. Company Details
8.7.2. Company Overview
8.7.3. Business Portfolio
8.7.4. Product Portfolio
8.7.5. Strategic Overview and Recent Developments
8.7.6. Company Revenue
8.7.7. Company Financials
8.8. EnerSys
8.8.1. Company Details
8.8.2. Company Overview
8.8.3. Business Portfolio
8.8.4. Product Portfolio
8.8.5. Strategic Overview and Recent Developments
8.8.6. Company Revenue
8.8.7. Company Financials
8.9. EXIDE INDUSTRIES LTD.
8.9.1. Company Details
8.9.2. Company Overview
8.9.3. Business Portfolio
8.9.4. Product Portfolio
8.9.5. Strategic Overview and Recent Developments
8.9.6. Company Revenue
8.9.7. Company Financials
8.10. GS Yuasa Corporation
8.10.1. Company Details
8.10.2. Company Overview
8.10.3. Business Portfolio
8.10.4. Product Portfolio
8.10.5. Strategic Overview and Recent Developments
8.10.6. Company Revenue
8.10.7. Company Financials
8.11. HBL Power Systems
8.11.1. Company Details
8.11.2. Company Overview
8.11.3. Business Portfolio
8.11.4. Product Portfolio
8.11.5. Strategic Overview and Recent Developments
8.11.6. Company Revenue
8.11.7. Company Financials
8.12. JYC BATTERY MANUFACTURER Sdn. Bhd.
8.12.1. Company Details
8.12.2. Company Overview
8.12.3. Business Portfolio
8.12.4. Product Portfolio
8.12.5. Strategic Overview and Recent Developments
8.12.6. Company Revenue
8.12.7. Company Financials
8.13. Leoch International Technology Limited Inc.
8.13.1. Company Details
8.13.2. Company Overview
8.13.3. Business Portfolio
8.13.4. Product Portfolio
8.13.5. Strategic Overview and Recent Developments
8.13.6. Company Revenue
8.13.7. Company Financials
8.14. Luminous India
8.14.1. Company Details
8.14.2. Company Overview
8.14.3. Business Portfolio
8.14.4. Product Portfolio
8.14.5. Strategic Overview and Recent Developments
8.14.6. Company Revenue
8.14.7. Company Financials
8.15. MICROTEK
8.15.1. Company Details
8.15.2. Company Overview
8.15.3. Business Portfolio
8.15.4. Product Portfolio
8.15.5. Strategic Overview and Recent Developments
8.15.6. Company Revenue
8.15.7. Company Financials
8.16. Narada Power Source Co., Ltd.
8.16.1. Company Details
8.16.2. Company Overview
8.16.3. Business Portfolio
8.16.4. Product Portfolio
8.16.5. Strategic Overview and Recent Developments
8.16.6. Company Revenue
8.16.7. Company Financials
8.17. Panasonic Holdings Corporation
8.17.1. Company Details
8.17.2. Company Overview
8.17.3. Business Portfolio
8.17.4. Product Portfolio
8.17.5. Strategic Overview and Recent Developments
8.17.6. Company Revenue
8.17.7. Company Financials
8.18. PT. Century Batteries Indonesia
8.18.1. Company Details
8.18.2. Company Overview
8.18.3. Business Portfolio
8.18.4. Product Portfolio
8.18.5. Strategic Overview and Recent Developments
8.18.6. Company Revenue
8.18.7. Company Financials
8.19. Su-Kam Power Systems Ltd.
8.19.1. Company Details
8.19.2. Company Overview
8.19.3. Business Portfolio
8.19.4. Product Portfolio
8.19.5. Strategic Overview and Recent Developments
8.19.6. Company Revenue
8.19.7. Company Financials
8.20. Thai Bellco Battery Company Limited
8.20.1. Company Details
8.20.2. Company Overview
8.20.3. Business Portfolio
8.20.4. Product Portfolio
8.20.5. Strategic Overview and Recent Developments
8.20.6. Company Revenue
8.20.7. Company Financials
8.21. THE FURUKAWA BATTERY CO., LTD.
8.21.1. Company Details
8.21.2. Company Overview
8.21.3. Business Portfolio
8.21.4. Product Portfolio
8.21.5. Strategic Overview and Recent Developments
8.21.6. Company Revenue
8.21.7. Company Financials
8.22. The Sunlight Group
8.22.1. Company Details
8.22.2. Company Overview
8.22.3. Business Portfolio
8.22.4. Product Portfolio
8.22.5. Strategic Overview and Recent Developments
8.22.6. Company Revenue
8.22.7. Company Financials
8.23. Other Key Players
8.23.1. Company Details
8.23.2. Company Overview
8.23.3. Business Portfolio
8.23.4. Product Portfolio
8.23.5. Strategic Overview and Recent Developments
8.23.6. Company Revenue
8.23.7. Company Financials
List of Tables
Table 01: ASEAN Lead Acid Battery Market Volume (Thousand Units) Forecast, by Construction Design , 2020-2034
Table 02: ASEAN Lead Acid Battery Market Value (US$ Bn) Forecast, by Construction Design , 2020-2034
Table 03: ASEAN Lead Acid Battery Market Volume (Thousand Units) Forecast, by Cycle, 2020-2034
Table 04: ASEAN Lead Acid Battery Market Value (US$ Bn) Forecast, by Cycle, 2020-2034
Table 05: ASEAN Lead Acid Battery Market Volume (Thousand Units) Forecast, by Application, 2020-2034
Table 06: ASEAN Lead Acid Battery Market Value (US$ Bn) Forecast, by Application, 2020-2034
Table 07: ASEAN Lead Acid Battery Market Volume (Thousand Units) Forecast, by Country, 2020-2034
Table 08: ASEAN Lead Acid Battery Market Value (US$ Bn) Forecast, by Country, 2020-2034
List of Figures
Figure 01: ASEAN Lead Acid Battery Market Volume (Thousand Units) Forecast, by Construction Design , 2020-2034
Figure 02: ASEAN Lead Acid Battery Market Value (US$ Bn) Forecast, by Construction Design , 2020-2034
Figure 03: ASEAN Lead Acid Battery Market, Incremental Opportunity, by Construction Design , Value (US$ Bn), 2024-2034
Figure 04: ASEAN Lead Acid Battery Market Volume (Thousand Units) Forecast, by Cycle, 2020-2034
Figure 05: ASEAN Lead Acid Battery Market Value (US$ Bn) Forecast, by Cycle, 2020-2034
Figure 06: ASEAN Lead Acid Battery Market, Incremental Opportunity, by Cycle, Value (US$ Bn), 2024-2034
Figure 07: ASEAN Lead Acid Battery Market Volume (Thousand Units) Forecast, by Application, 2020-2034
Figure 08: ASEAN Lead Acid Battery Market Value (US$ Bn) Forecast, by Application, 2020-2034
Figure 09: ASEAN Lead Acid Battery Market, Incremental Opportunity, by Application, Value (US$ Bn), 2024-2034
Figure 10: ASEAN Lead Acid Battery Market Volume (Thousand Units) Forecast, by Country, 2020-2034
Figure 11: ASEAN Lead Acid Battery Market Value (US$ Bn) Forecast, by Country, 2020-2034
Figure 12: ASEAN Lead Acid Battery Market, Incremental Opportunity, by Country, Volume (Thousand Units), 2024-2034