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Market Trends

Report ID: GMI5816
Published Date: May 2023
Report Format: PDF

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SLI Battery Aftermarket Trends

SLI battery aftermarket has witnessed a substantial hike in the recent years owing to the growing population coupled with soaring automotive demand. The market is observing a shift towards advanced battery technologies such as AGM (Absorbent Glass Mat) and EFB (Enhanced Flooded Battery) due to their improved performance and durability. The rise of e-commerce platforms and online retail channels has provided consumers with more convenience and options for purchasing SLI batteries. Online platforms offer a wide range of battery options, competitive pricing, and doorstep delivery, driving the growth of the online aftermarket segment.

In addition, Governments and regulatory bodies are implementing stricter environmental regulations to reduce carbon emissions and promote sustainable practices. This has led to a greater focus on eco-friendly battery technologies and the recycling of used batteries in the aftermarket, therefore boosting the market expansion.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The SLI battery aftermarket industry amassed around USD 30.1 billion in 2023 and is estimated to reach over USD 37.5 billion by 2032 driven by the high demand for SLI batteries by the growing number of vehicles.

The flooded batteries segment generated more than USD 21 billion in 2022 and is anticipated to grow at a robust rate through 2032 owing to its several benefits such as high cost-effectiveness, high power output, and easy availability.

The Europe market for SLI battery aftermarket exceeded USD 9 billion in 2022 and is poised to witness substantial growth through 2032 attributed to the expanding automotive sector, coupled with the surge in domestic vehicle sales.

MOLL Batterien GmbH, East Penn Manufacturing Company, Continental Battery Systems, Hankook & Company Co., Ltd., Accumulators Moura SA, Clarios, ACDelco, Enersys, GS Yuasa International Ltd., Banner Batteries, Amara Raja Group, FIAMM Energy Technology S.p.A, Exide Technologies, Interstate Batteries, leoch International Technology Limited Inc., and Crown Battery are some of the major companies engaged in the SLI battery aftermarket business.