Gcc Automotive Lead Acid Battery Market
GCC Automotive Lead Acid Battery Market, By Material (Wood, Steel, Concrete); By Type (Permanent, Relocatable); By End User (Residential, Hospitality, Healthcare, Education, Retail and Commercial, Office); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: October 2023
- Report ID: BWC23808
- Available Format: PDF
- Page: 240
Report Overview
Growing demand for reliable backup power solutions in industrial automotive, telecommunications, and renewable energy sectors. Also, increasing investments in infrastructure development and a focus on sustainable energy storage solutions contribute to the growth of the GCC Automotive Lead Acid Battery Market during the forecast period between 2023 and 2029.GCC Automotive Lead Acid Battery Market - Industry Trends & Forecast Report, 2029
GCC automotive lead acid battery market size was estimated at USD 380.9 million in 2022. During the forecast period between 2023 and 2029, the size of GCC automotive lead acid battery market is projected to grow at a CAGR of 4.27% reaching a value of USD 489.5 million by 2029. GCC automotive lead acid battery market is primarily driven by growing industrial automotive and manufacturing sectors in the Gulf Cooperation Council (GCC) region, which require reliable backup power solutions. Also, increasing investments in renewable energy projects and the need for energy storage solutions to stabilize the grid contribute to market growth. Rising demand for uninterrupted power supply in critical applications, such as data centers and healthcare facilities, further fuels the market. Government initiatives promoting energy efficiency and sustainability also encourage the adoption of automotive lead acid batteries, making them a key component of the region's energy landscape.
GCC Automotive Lead Acid Battery Market- Overview
Lead-acid batteries have been a major power source for applications in automobiles for more than a hundred years, due to their reliability and cost-effectiveness. Comprising lead dioxide and sponge lead immersed in a sulfuric acid electrolyte, lead-acid batteries are known for their ability to deliver high bursts of energy needed to start internal combustion engines (ICEs). The lead-acid chemistry is well-suited to withstand the demanding conditions of automotive use, including extreme temperatures and frequent charge-discharge cycles.
One of the key advantages of lead-acid batteries in the automotive sector is their affordability. They remain one of the most economical options for vehicle manufacturers and consumers, making them accessible to a wide range of vehicles, from compact cars to heavy-duty trucks. Moreover, their maintenance is relatively straightforward, with the ability to recharge and restore performance through routine maintenance, such as topping off electrolyte levels and ensuring proper charging.
Growth Drivers
Evolving Energy Storage Needs
GCC automotive lead acid battery market is experiencing a robust upswing, driven by the region's increasing reliance on automotives and the growing demand for uninterrupted power supply. GCC nations are actively investing in renewable energy projects, creating opportunities for energy storage solutions like lead-acid batteries to balance the intermittent nature of renewables. This convergence of automotive and renewable energy adoption positions the GCC automotive lead acid battery market for substantial expansion in the coming years.
Restraints
Regulatory Hurdles
GCC automotive lead acid battery market faces a formidable restraint in the form of stringent regulatory and environmental compliance standards. As governments and international bodies prioritize sustainability and emissions reduction, manufacturers must adhere to increasingly demanding environmental regulations. Lead acid batteries, while reliable and cost-effective, have struggled to meet these evolving standards due to their potential environmental impact during production, use, and disposal. Compliance with these stringent regulations necessitates costly modifications and innovations, which can dampen the market growth. Thus, navigating the complex regulatory landscape emerges as a significant challenge for the GCC automotive lead acid battery market, potentially hindering its expansion.
Impact of COVID-19 on GCC Automotive Lead Acid Battery Market
GCC automotive lead acid battery market, a vital component of the region's industrial sector, witnessed significant COVID-19 impacts. The pandemic disrupted supply chains, causing delays in battery production and distribution. Reduced industrial activities during lockdowns led to decreased demand, affecting market revenue. However, the market also saw a surge in demand from the healthcare sector for uninterrupted power supply to critical equipment. As the region navigates through the pandemic's challenges, the GCC automotive lead acid battery market is expected to recover gradually, driven by increased automotive efforts across industries and a growing awareness of power reliability.
GCC Automotive Lead Acid Battery Market
Segmental Coverage
GCC Automotive Lead Acid Battery Market - By Vehicle Type
By vehicle type, GCC automotive lead acid battery market is divided into Passenger Cars, Commercial Vehicles, Two-Wheelers, and HEV Cars segments. The passenger cars segment is the largest, which encompasses a broad range of automobiles used for personal transportation. This segment tends to dominate the market due to the high volume of passenger cars on the road in the GCC region. Commercial vehicles, two-wheelers, and HEV cars are also significant segments, catering to various transportation needs, but the passenger cars segment remains the largest, reflecting the widespread reliance on personal vehicles in the Gulf Cooperation Council (GCC) countries.
GCC Automotive Lead Acid Battery Market - By Type
Based on type, GCC automotive lead acid battery market is divided into Flooded Batteries, Enhanced Flooded Batteries, and VRLA Batteries segments. The VRLA (Valve-Regulated Lead-Acid) batteries segment is the largest type. This segment stands out as the dominant category among the offerings, alongside flooded batteries and enhanced flooded batteries. VRLA batteries are preferred for their sealed design and maintenance-free operation, making them a popular choice for various automotive applications. Their reliability and long lifespan contribute to their prominence in the market, catering to the increasing demand for dependable power solutions in the GCC region's automotive industry.
GCC Automotive Lead Acid Battery Market - By Product
By product, GCC automotive lead acid battery market is divided into SLI Batteries and Micro Hybrid Batteries segments. The SLI batteries segment typically constitutes the largest portion of the market. SLI batteries are commonly used in traditional internal combustion engine vehicles for tasks, such as starting the engine and providing power to lights, and ignition systems. This segment's dominance is driven by the widespread use of conventional automobiles in the GCC region, emphasizing the significance of SLI batteries as an integral component of the automotive industry.
GCC Automotive Lead Acid Battery Market - By Customer Segment
By customer segment, GCC automotive lead acid battery market is divided into OEM and Replacement segments. These segments represent distinct avenues within the market. The OEM segment pertains to batteries integrated into machinery and equipment during their initial manufacturing, serving as integral components in various automated systems. In contrast, the replacement segment involves the aftermarket sales of lead acid batteries to replace worn-out or depleted ones in existing automotive setups. While both segments are crucial to the market's dynamics, the replacement segment often constitutes the larger portion, as it caters to the ongoing maintenance and upkeep needs of a wide range of industrial and automotive applications.
GCC Automotive Lead Acid Battery Market – By Country
Geographically, GCC automotive lead acid battery market is divided into Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman. Saudi Arabia dominates the market share. As the largest economy and a major industrial hub in the Gulf Cooperation Council (GCC), Saudi Arabia accounts for a substantial portion of the market. Its robust industrial sector, infrastructure development, and growing demand for reliable power sources drive the lead acid battery market. While the other GCC countries, including the UAE, Qatar, Bahrain, Kuwait, and Oman, also contribute to the market's growth, Saudi Arabia stands out as the dominant player due to its sizeable economy and diverse industrial applications for lead-acid batteries.
Competitive Landscape
GCC automotive lead acid battery market is fiercely competitive, with Clarios International Inc., Middle East Battery Company, Reem Batteries & Power Appliances Co., FIAM Energy Technology SpA, C&D Technologies, Inc, EnerSys, Al Dobowi Group, and Sunlight Group Energy Storage Systems. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman |
Product/ Service Segmentation |
Vehicle Type, Type, Product, Customer Segment, Country |
Key Players |
Clarios International Inc., Middle East Battery Company, Reem Batteries & Power Appliances Co., FIAM Energy Technology SpA, C&D Technologies, Inc, EnerSys, Al Dobowi Group, Sunlight Group Energy Storage Systems |
By Vehicle Type
-
Passenger Cars
-
Commercial Vehicles
-
Two-Wheelers
-
HEV Cars
By Type
-
Flooded Batteries
-
Enhanced Flooded Batteries
-
VRLA Batteries
By Product
-
SLI Batteries
-
Micro Hybrid Batteries
By Customer Segment
-
OEM
-
Replacement
By Country
-
Saudi Arabia
-
UAE
-
Qatar
-
Bahrain
-
Kuwait
-
Oman
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- GCC Automotive Lead-Acid Battery Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Growing Automotive Industry
- Growing investments in the industrialization of the region
- Restraints
- Environmental Concerns
- Competition from Lithium-ion Batteries
- Opportunities
- Battery Recycling
- Expanding telecom sector
- Challenges
- Regulatory Compliance
- Unstable economic conditions in the GCC region
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- GCC Automotive Lead-Acid Battery Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Billion)
- Market Share and Forecast
- By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Two-Wheelers
- HEV Cars
- By Type
- Flooded Batteries
- Enhanced Flooded Batteries
- VRLA Batteries
- By Product
- SLI Batteries
- Micro Hybrid Batteries
- By Customer Segment
- OEM
- Replacement
- By Country
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
- By Vehicle Type
- Market Size & Forecast, 2019–2029
- Saudi Arabia Automotive Lead-Acid Battery Market
- Market Size & Forecast, 2019–2029
- Market Share & Forecast
- By Vehicle Type
- By Type
- By Product
- By Customer Segment
- UAE Automotive Lead-Acid Battery Market
- Market Size & Forecast, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Vehicle Type
- By Type
- By Product
- By Customer Segment
- Market Size & Forecast, 2019–2029
- Qatar Automotive Lead-Acid Battery Market
- Market Size & Forecast, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Vehicle Type
- By Type
- By Product
- By Customer Segment
- Market Size & Forecast, 2019–2029
- Bahrain Automotive Lead-Acid Battery Market
- Market Size & Forecast, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Vehicle Type
- By Type
- By Product
- By Customer Segment
- Market Size & Forecast, 2019–2029
- Kuwait Automotive Lead-Acid Battery Market
- Market Size & Forecast, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Vehicle Type
- By Type
- By Product
- By Customer Segment
- Market Size & Forecast, 2019–2029
- Oman Automotive Lead-Acid Battery Market
- Market Size & Forecast, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Vehicle Type
- By Type
- By Product
- By Customer Segment
- Competitive Landscape
- List of Key Players and Their Offerings
- GCC Automotive Lead-Acid Battery Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of COVID-19 on GCC Automotive Lead-Acid Battery Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- Clarios International Inc.
- Middle East Battery Company
- Reem Batteries & Power Appliances Co.
- FIAM Energy Technology SpA
- C&D Technologies, Inc
- EnerSys
- Al Dobowi Group
- Sunlight Group Energy Storage Systems
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Country
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
Figure 1 GCC Automotive Lead-Acid Battery Segmentation
Figure 2 GCC Automotive Lead-Acid Battery Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 GCC Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Figure 5 GCC Automotive Lead-Acid Battery Market Share, By Vehicle Type, By Value, 2019–2029
Figure 6 GCC Automotive Lead-Acid Battery Market Share, By Type, By Value, 2019–2029
Figure 7 GCC Automotive Lead-Acid Battery Market Share, By Product, By Value, 2019–2029
Figure 8 GCC Automotive Lead-Acid Battery Market Share, By Customer Segment, By Value, 2019–2029
Figure 9 GCC Automotive Lead-Acid Battery Market Share, By Country, By Value, 2019–2029
Figure 10 Saudi Arabia Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Figure 11 Saudi Arabia Automotive Lead-Acid Battery Market Share, By Vehicle Type, By Value, 2019–2029
Figure 12 Saudi Arabia Automotive Lead-Acid Battery Market Share, By Type, By Value, 2019–2029
Figure 13 Saudi Arabia Automotive Lead-Acid Battery Market Share, By Product, By Value, 2019–2029
Figure 14 Saudi Arabia Automotive Lead-Acid Battery Market Share, By Customer Segment, By Value, 2019–2029
Figure 15 UAE Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Figure 16
Figure 17 UAE Automotive Lead-Acid Battery Market Share, By Type, By Value, 2019–2029
Figure 18 UAE Automotive Lead-Acid Battery Market Share, By Product, By Value, 2019–2029
Figure 19 UAE Automotive Lead-Acid Battery Market Share, By Customer Segment, By Value, 2019–2029
Figure 20 Qatar Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Figure 21 Qatar Automotive Lead-Acid Battery Market Share, By Vehicle Type, By Value, 2019–2029
Figure 22 Qatar Automotive Lead-Acid Battery Market Share, By Type, By Value, 2019–2029
Figure 23 Qatar Automotive Lead-Acid Battery Market Share, By Product, By Value, 2019–2029
Figure 24 Qatar Automotive Lead-Acid Battery Market Share, By Customer Segment, By Value, 2019–2029
Figure 25 Bahrain Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Figure 26 Bahrain Automotive Lead-Acid Battery Market Share, By Vehicle Type, By Value, 2019–2029
Figure 27 Bahrain Automotive Lead-Acid Battery Market Share, By Type, By Value, 2019–2029
Figure 28 Bahrain Automotive Lead-Acid Battery Market Share, By Product, By Value, 2019–2029
Figure 29 Bahrain Automotive Lead-Acid Battery Market Share, By Customer Segment, By Value, 2019–2029
Figure 30 Kuwait Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Figure 31 Kuwait Automotive Lead-Acid Battery Market Share, By Vehicle Type, By Value, 2019–2029
Figure 32 Kuwait Automotive Lead-Acid Battery Market Share, By Type, By Value, 2019–2029
Figure 33 Kuwait Automotive Lead-Acid Battery Market Share, By Product, By Value, 2019–2029
Figure 34 Kuwait Automotive Lead-Acid Battery Market Share, By Customer Segment, By Value, 2019–2029
Figure 35 Oman Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Figure 36 Oman Automotive Lead-Acid Battery Market Share, By Vehicle Type, By Value, 2019–2029
Figure 37 Oman Automotive Lead-Acid Battery Market Share, By Type, By Value, 2019–2029
Figure 38 Oman Automotive Lead-Acid Battery Market Share, By Product, By Value, 2019–2029
Figure 39 Oman Automotive Lead-Acid Battery Market Share, By Customer Segment, By Value, 2019–2029
List of Tables
Table 1 GCC Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Table 2 GCC Automotive Lead-Acid Battery Market Size, By Vehicle Type, By Value, 2019–2029
Table 3 GCC Automotive Lead-Acid Battery Market Size, By Type, By Value, 2019–2029
Table 4 GCC Automotive Lead-Acid Battery Market Size, By Product, By Value, 2019–2029
Table 5 GCC Automotive Lead-Acid Battery Market Size, By Customer Segment, By Value, 2019–2029
Table 6 GCC Automotive Lead-Acid Battery Market Size, By Country, By Value, 2019–2029
Table 7 Saudi Arabia Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Table 8 Saudi Arabia Automotive Lead-Acid Battery Market Size, By Vehicle Type, By Value, 2019–2029
Table 9 Saudi Arabia Automotive Lead-Acid Battery Market Size, By Type, By Value, 2019–2029
Table 10 Saudi Arabia Automotive Lead-Acid Battery Market Size, By Product, By Value, 2019–2029
Table 11 Saudi Arabia Automotive Lead-Acid Battery Market Size, By Customer Segment, By Value, 2019–2029
Table 12 UAE Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Table 13 UAE Automotive Lead-Acid Battery Market Size, By Vehicle Type, By Value, 2019–2029
Table 14 UAE Automotive Lead-Acid Battery Market Size, By Type, By Value, 2019–2029
Table 15 UAE Automotive Lead-Acid Battery Market Size, By Product, By Value, 2019–2029
Table 16 UAE Automotive Lead-Acid Battery Market Size, By Customer Segment, By Value, 2019–2029
Table 17 Qatar Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Table 18 Qatar Automotive Lead-Acid Battery Market Size, By Vehicle Type, By Value, 2019–2029
Table 19 Qatar Automotive Lead-Acid Battery Market Size, By Type, By Value, 2019–2029
Table 20 Qatar Automotive Lead-Acid Battery Market Size, By Product, By Value, 2019–2029
Table 21 Qatar Automotive Lead-Acid Battery Market Size, By Customer Segment, By Value, 2019–2029
Table 22 Bahrain Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Table 23 Bahrain Automotive Lead-Acid Battery Market Size, By Vehicle Type, By Value, 2019–2029
Table 24 Bahrain Automotive Lead-Acid Battery Market Size, By Type, By Value, 2019–2029
Table 25 Bahrain Automotive Lead-Acid Battery Market Size, By Product, By Value, 2019–2029
Table 26 Bahrain Automotive Lead-Acid Battery Market Size, By Customer Segment, By Value, 2019–2029
Table 27 Kuwait Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Table 28 Kuwait Automotive Lead-Acid Battery Market Size, By Vehicle Type, By Value, 2019–2029
Table 29 Kuwait Automotive Lead-Acid Battery Market Size, By Type, By Value, 2019–2029
Table 30 Kuwait Automotive Lead-Acid Battery Market Size, By Product, By Value, 2019–2029
Table 31 Kuwait Automotive Lead-Acid Battery Market Size, By Customer Segment, By Value, 2019–2029
Table 32 Oman Automotive Lead-Acid Battery Market Size, By Value (USD Billion), 2019–2029
Table 33 Oman Automotive Lead-Acid Battery Market Size, By Vehicle Type, By Value, 2019–2029
Table 34 Oman Automotive Lead-Acid Battery Market Size, By Type, By Value, 2019–2029
Table 35 Oman Automotive Lead-Acid Battery Market Size, By Product, By Value, 2019–2029
Table 36 Oman Automotive Lead-Acid Battery Market Size, By Customer Segment, By Value, 2019–2029
Table 37 Clarios International Inc. Company Overview
Table 38 Clarios International Inc. Financial Overview
Table 39 Middle East Battery Company: Company Overview
Table 40 Middle East Battery Company Financial Overview
Table 41 Reem Batteries & Power Appliances Co. Company Overview
Table 42 Reem Batteries & Power Appliances Co. Financial Overview
Table 43 FIAM Energy Technology SpA Company Overview
Table 44 FIAM Energy Technology SpA Financial Overview
Table 45 C&D Technologies, Inc Company Overview
Table 46 C&D Technologies, Inc Financial Overview
Table 47 EnerSys Company Overview
Table 48 EnerSys Financial Overview
Table 49 Al Dobowi Group Company Overview
Table 50 Al Dobowi Group Financial Overview
Table 51 Sunlight Group Energy Storage Systems Company Overview
Table 52 Sunlight Group Energy Storage Systems Financial Overview
Market Segmentation
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