Analysis of Global Starting, Lighting, and Ignition (SLI) Battery Market, Forecast to 2024

Analysis of Global Starting, Lighting, and Ignition (SLI) Battery Market, Forecast to 2024

Global SLI Battery Revenue Potential to Reach $24.02 Billion in 2024 with Strong Demand from Transportation Application

RELEASE DATE
13-Nov-2019
REGION
North America
Research Code: 9AAE-00-54-00-00
SKU: EG02026-GL-MR_23695

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Description

The global Starting, Lighting and Ignition (SLI) Lead Acid Battery market is mature but continues to exhibit consistent and continuous demand. The sector is characterized by intense competition and limited product differentiation. Lead acid batteries are the earliest form of energy storage solutions that generate electricity from a chemical composition. Lead acid batteries are designed and manufactured in different sizes for a variety of applications based on the usage requirements of the end-user. Lead acid batteries consist of two electrodes of opposite polarities and an electrolyte. The spongy lead at the negative electrode and the lead alloy at the positive electrode react with sulphuric acid, which is the electrolyte forming lead sulfate and the reaction completes with the discharge of ions at the electrodes. This research analyses the SLI lead acid battery market on common aspects that includes market drivers, restraints, challenges, trends and competitive structure. Revenue analysis is provided for all segments. SLI battery market is further discussed at a sub segment level that includes geographic regions (North America, Europe, Asia Pacific, Latin America and Rest of World), distribution channel types – original equipment manufacturers (OEM) and aftermarket and battery construction type – Flooded and Sealed. End-user verticals are consumer automotive, commercial automotive, power sports, marine and industrial. Competitive structure is provided along with key players in the market. The competitive structure of the market is highly diverse due to the varying market stages of each end-user application market. The study period is 2015 to 2024 (base year of 2018) with forecasts from 2019 to 2024. With the increasing competition in the marketplace and the commoditization of batteries, differentiating factors either in the product, the marketing activities, and the support functions are some of the key aspects in sustaining a profitable, value driven venture in the SLI lead acid battery market. As vendors go global due to intense competition it has resulted in reduced profitability, quality concerns, intense pricing, lack of product differentiation, and ability to invest in research and development. Moreover, emerging economies in regions like Asia Pacific and parts of Europe are likely to fuel the growth over the forecast period. Other factors that will drive growth include increase in automotive production, increase in demand for automobile electrical accessories that require higher power output, and aftermarket sales. Key restraints that could limit revenue growth are likely to be the increasing price of the raw materials, i.e., lead, prolonged product life cycle and alternative modes of transportation and alternative battery chemistries.

Table of Contents

Executive Summary

Executive Summary (continued)

Market Overview—Definitions

Market Overview—Definitions (continued)

Market Overview—Definitions (continued)

Market Overview—Definitions (continued)

Market Overview—Definitions (continued)

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Restraints Explained (continued)

Forecast Methodology and Key Assumptions

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast—OEM Segment

Revenue Forecast Discussion—OEM Segment

Revenue Forecast—Aftermarket Segment

Revenue Forecast Discussion—Aftermarket Segment

Revenue Forecast—Flooded Batteries

Revenue Forecast Discussion—Flooded Batteries

Revenue Forecast—Sealed Batteries

Revenue Forecast Discussion—Sealed Batteries

Revenue Forecast by Application

Revenue Forecast Discussion by Application

Revenue Forecast Discussion by Application (continued)

Revenue Forecast Discussion by Application (continued)

Revenue Forecast by Region

Revenue Forecast Discussion by Region

Revenue Forecast Discussion by Region (continued)

Revenue Forecast Discussion by Region (continued)

Trends—Battery Chemistries, Costs, and Safety

Trends—Recycling & Environment

Installation Trends—Do-it-Yourself (DIY) vs. Do-it-for-Me (DIFM)

Competitive Environment

Market Share Analysis

Growth Opportunity 1—Business Models

Strategic Imperatives for Success and Growth

The Last Word—Three Big Predictions

Legal Disclaimer

Partial List of Companies Analyzed/Interviewed

List of Exhibits

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The global Starting, Lighting and Ignition (SLI) Lead Acid Battery market is mature but continues to exhibit consistent and continuous demand. The sector is characterized by intense competition and limited product differentiation. Lead acid batteries are the earliest form of energy storage solutions that generate electricity from a chemical composition. Lead acid batteries are designed and manufactured in different sizes for a variety of applications based on the usage requirements of the end-user. Lead acid batteries consist of two electrodes of opposite polarities and an electrolyte. The spongy lead at the negative electrode and the lead alloy at the positive electrode react with sulphuric acid, which is the electrolyte forming lead sulfate and the reaction completes with the discharge of ions at the electrodes. This research analyses the SLI lead acid battery market on common aspects that includes market drivers, restraints, challenges, trends and competitive structure. Revenue analysis is provided for all segments. SLI battery market is further discussed at a sub segment level that includes geographic regions (North America, Europe, Asia Pacific, Latin America and Rest of World), distribution channel types – original equipment manufacturers (OEM) and aftermarket and battery construction type – Flooded and Sealed. End-user verticals are consumer automotive, commercial automotive, power sports, marine and industrial. Competitive structure is provided along with key players in the market. The competitive structure of the market is highly diverse due to the varying market stages of each end-user application market. The study period is 2015 to 2024 (base year of 2018) with forecasts from 2019 to 2024. With the increasing competition in the marketplace and the commoditization of batteries, differentiating factors either in the product, the marketing activities, and the support functions are some of the key aspects in sustaining a profitable, value driven venture in the SLI lead acid battery market. As vendors go global due to intense competition it has resulted in reduced profitability, quality concerns, intense pricing, lack of product differentiation, and ability to invest in research and development. Moreover, emerging economies in regions like Asia Pacific and parts of Europe are likely to fuel the growth over the forecast period. Other factors that will drive growth include increase in automotive production, increase in demand for automobile electrical accessories that require higher power output, and aftermarket sales. Key restraints that could limit revenue growth are likely to be the increasing price of the raw materials, i.e., lead, prolonged product life cycle and alternative modes of transportation and alternative battery chemistries.
More Information
No Index No
Podcast No
Author Vishal Sapru
Industries Energy
WIP Number 9AAE-00-54-00-00
Is Prebook No
GPS Codes 9836-A7,9AFE-A4,9AFF-A4,9B00-A4,9852