Global Automotive Lead Acid Batteries Market Outlook

the global automotive lead acid battery market is expected to be driven by rising consumer demand and technological developments. despite challenges such as higher cost, lead-acid batteries continue to dominate the market across the globe due to their wide availability and their ability to be recycled. with governments across the world gradually promoting eco-friendly vehicles, the automotive lead acid battery market is likely to grow at a certain rate over the forecast period (2018-2032). apart from their longer life cycle, lead acid batteries are also preferred over other battery technologies owing to their low cost and high power to weight ratio. advancements in lead-acid battery technology, such as enhanced electrical performance, are further likely to make them the preferred choice for automotive applications. government subsidies and tax incentives in favor of electric vehicles are further expected to spur the demand for lead acid batteries in automobiles, as well as for stationary applications such as uninterruptible power supply (ups) and electric vehicle batteries. developing countries such as china and india, which are gradually emerging as hubs for automotive manufacturing, are likely to spur the demand for lead acid batteries. increase in the demand of vehicle electrification technology is also a major growth driving factor for the lead acid battery market. this technology is being adopted in the automotive market owing to its low cost, high efficiency, and eco-friendly features. moreover, lead acid batteries can be used to power a range of electric vehicles such as hybrid, neighborhood electric, and electric cars. the availability of lightweight lead acid batteries is also likely to impact the automotive lead acid battery market favorably. lightweighting of lead-acid batteries offers several benefits such as improved automotive efficiencies and fuel economy. automotive companies are investing in developing lead-acid batteries that offer superior performance and offer greater recyclability. overall, the global automotive lead acid battery market is likely to witness growth in the coming years, owing to the increasing demand from the automotive industry, government initiatives for electric vehicle adoption, and technological advancements in lead acid batteries.