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America SLI Battery Market Size By Technology (Flooded, EFB, VRLA {AGM, GEL}), , Industry Analysis Report, Country Outlook, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI3260
  • Published Date: Oct 2020
  • Report Format: PDF

Industry Trends

America SLI battery market was valued at over USD 14 billion in 2019 and projected to witness a growth rate of 6.0% through 2026. Rise in automobile manufacturing facilities across the region will boost market demand for advanced SLI batteries. Flooded lead acid batteries accounted for dominant market share in 2019.
 

SLI battery is installed across a wide range of automobile applications which include passenger cars & motorcycles and both light & heavy commercial vehicles. High end automobile manufacturing has enabled to raise the vehicle’s operational age which is set to strengthen the adoption of SLII batteries overs the forecast timeline. Escalating buying power of customers along with repositioning of automobile manufacturing plants will further stimulate the America SLI battery market.
 

America SLI Battery Market Outlook

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However, the onset of COVID-19 pandemic has caused considerable economic disruption across the leading countries. Temporary shutdown of manufacturing plants and business activities on account of lockdown and social distancing measures has hampered the America SLI battery market growth. Moreover, shortfall of manpower has led to disruption in supply chains which has further restrained product deployment.
 

Despite the economic slowdown, the market growth of starter batteries is expected to make progress by the end of 2020, as the manufacturing operations restart after the lockdown.
 

The study features a detailed analysis of industry trends across America segmented on a country basis, across technology. Moreover, the America SLI battery market forecasts & estimates are in line with the data represented by authorities including the U.S. Environmental Protection Agency (EPA), Independent Battery Manufacturers Association (IBMA), Advanced Lead Acid Battery Consortium (ALABC), World Trade Organization (WTO), Automotive Aftermarket Suppliers Association, Association of Battery Recyclers, and company investor presentations.
 

Growing demand for passenger vehicles will propel the flooded lead acid battery business growth

America SLI Battery Market By Technology

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Flooded lead acid batteries is expected to witness a growth rate of over 4% during 2020 to 2026 on account of their low cost, deep discharge cycle life, and well proven reliability. Flooded SLI batteries support the automobile applications by fulfilling the requirement of low cost products across aftermarket customers, which in turn will favor the America SLI battery market trends.
 

These batteries are also known as vented batteries, which requires topping up and regular monitoring with distilled water for extended durability. Enhanced operational performance in hot climatic conditions, high discharge rate capability and their wide availability are some of the prominent features of flooded SLI batteries making them a favorable option for automotive applications.
 

Growing penetration of vehicles with start stop functionality will stimulate the market statistics for the U.S. SLI batteries

America SLI Battery Market By Country

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The U.S. SLI battery market is expected to expand over 5% through 2026. Favorable regulatory measures to curb the vehicle emissions has increased the demand for start stop vehicles which in turn will propel the deployment of AGM and EFB SLI batteries. In addition, growing investments toward the expansion of automobile manufacturing facilities coupled with growing sales of commercial vehicles will raise the adoption of SLI battery units.
 

For instance, according to International Organization of Motor Vehicle Manufacturers (OICA), sales of commercial vehicles in the U.S. accounted for more than 70% of the total vehicles sold in 2019.
 

Product innovation and mergers and acquisition are prominent strategies followed by key market players

The key market players are focusing on developing new products with advanced features to enhance their market share in America SLI battery industry. In addition, mergers and acquisitions are among the prominent strategies followed by the leading industry participants to achieve a competitive edge in the market share. Moreover, key industry players are focusing toward forward integration by manufacturing lead acid batteries to achieve economies of scale and increase their industry share.
 

The leading players profiled in America SLI battery market report includes XS Power Battery, Superior Battery Manufacturing Company, Continental Battery Manufacturing Company, Discover Battery, U.S. Battery Manufacturing Co., NorthStar Battery Company LLC, Power Sonic Corporation, Crown Battery Manufacturing Company amongst other players.
 

By Technology

  • Flooded
  • EFB
  • VRLA
    • AGM
    • GEL

The above information has been provided for the following countries.

By Country

  • U.S.
  • Canada
  • Panama
  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Colombia
  • Ecuador
  • Paraguay
  • Peru
  • Uruguay
  • Dominican Republic
  • EL Salvador
     
Authors: Ankit Gupta, Nikhil Paranjape

Frequently Asked Questions (FAQ) :

America SLI battery market size may depict an appreciable CAGR of 6.0% through 2026, owing to the escalation in automobile manufacturing and the rising purchasing power of customers in the region.

Flooded lead acid batteries will exhibit a growth of more than 4% over 2020 to 2026 as they support myriad automobile applications pertaining to low cost requirements among aftermarket customers.

The COVID-19 pandemic has affected the expansion of America SLI battery industry size through the temporary shutting of business activities due to nationwide lockdowns and social distancing measures.

U.S. SLI battery size is estimated to expand by more than 5% through 2026, considering the surging sales of commercial vehicles which accounted for over 70% of the total vehicle sales in 2019.

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 25
  • Tables & Figures: 254
  • Countries covered: 14
  • Pages: 245

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