Starter Battery Market

The article provides a comprehensive analysis of the starter battery market from 2012 to 2022, with forecasts up to 2030. It covers trends in consumption, market values, production, and import/export data. Key insights include a slight decline in consumption volume in 2022, with significant fluctuations observed over the years. The top consuming countries in 2022 were highlighted, along with trends in production and import/export dynamics. The analysis indicates varying growth rates in different countries and notable fluctuations in average prices over the period. Overall, the article offers a detailed overview of the global starter battery market and its future prospects.

Market Forecast

The starter battery market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.1% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 585M units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market value to $31.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Lead-Acid Accumulators For Starting Piston Engines

In 2022, after four years of growth, there was significant decline in consumption of lead-acid accumulators for starting piston engines, when its volume decreased by -5.4% to 588M units. The total consumption volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the consumption volume increased by 9.7%. As a result, consumption attained the peak volume of 622M units, and then declined in the following year.

The global starter battery market value contracted to $26.5B in 2022, falling by -6.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $28.4B, and then dropped in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (90M units), the United States (68M units) and India (41M units), with a combined 34% share of global consumption. Japan, Indonesia, Pakistan, Brazil, the UK, Bangladesh, South Korea, Mexico, Spain and Italy lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +8.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($4.1B) led the market, alone. The second position in the ranking was taken by China ($2B). It was followed by India.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +3.3%. In the other countries, the average annual rates were as follows: China (-0.1% per year) and India (+2.8% per year).

The countries with the highest levels of starter battery per capita consumption in 2022 were Spain (282 units per 1000 persons), South Korea (269 units per 1000 persons) and the UK (226 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +8.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Lead-Acid Accumulators For Starting Piston Engines

In 2022, production of lead-acid accumulators for starting piston engines decreased by -6.8% to 595M units for the first time since 2017, thus ending a four-year rising trend. The total output volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 10%. Global production peaked at 638M units in 2021, and then contracted in the following year.

In value terms, starter battery production shrank to $27.7B in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, global production reached the peak level at $40.6B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

China (139M units) remains the largest starter battery producing country worldwide, accounting for 23% of total volume. Moreover, starter battery production in China exceeded the figures recorded by the second-largest producer, South Korea (45M units), threefold. The third position in this ranking was taken by India (42M units), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at +2.1%. In the other countries, the average annual rates were as follows: South Korea (+4.2% per year) and India (+4.1% per year).

Imports

World Imports of Lead-Acid Accumulators For Starting Piston Engines

In 2022, overseas purchases of lead-acid accumulators for starting piston engines decreased by -2.3% to 291M units for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.7% against 2017 indices. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of 298M units, and then contracted in the following year.

In value terms, starter battery imports dropped modestly to $12B in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 24%. Over the period under review, global imports attained the maximum at $12.3B in 2021, and then shrank in the following year.

Imports By Country

In 2022, the United States (52M units), distantly followed by France (18M units) and Malaysia (15M units) were the major importers of lead-acid accumulators for starting piston engines, together making up 29% of total imports. Mexico (12M units), the UK (12M units), Germany (12M units), Italy (11M units), Spain (10M units), Canada (9.9M units), Poland (5.9M units), Australia (5.6M units), Japan (5.5M units) and Russia (5.5M units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to starter battery imports into the United States stood at +10.3%. At the same time, Mexico (+15.7%), Malaysia (+13.3%), Spain (+9.0%), Poland (+6.3%), France (+5.3%), Italy (+2.9%), Australia (+2.8%), the UK (+2.0%), Japan (+1.6%) and Canada (+1.2%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer imported in the world, with a CAGR of +15.7% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Russia (-1.2%) illustrated a downward trend over the same period. The United States (+7.3 p.p.), Malaysia (+2.9 p.p.) and Mexico (+2.6 p.p.) significantly strengthened its position in terms of the global imports, while Germany saw its share reduced by -2.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($2.1B) constitutes the largest market for imported lead-acid accumulators for starting piston engines worldwide, comprising 18% of global imports. The second position in the ranking was taken by France ($709M), with a 5.9% share of global imports. It was followed by Canada, with a 5.2% share.

In the United States, starter battery imports expanded at an average annual rate of +14.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+4.4% per year) and Canada (+3.8% per year).

Import Prices By Country

In 2022, the average starter battery import price amounted to $41 per unit, approximately reflecting the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 7.3% against the previous year. As a result, import price attained the peak level of $46 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($63 per unit), while Malaysia ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Lead-Acid Accumulators For Starting Piston Engines

In 2022, after six years of growth, there was significant decline in overseas shipments of lead-acid accumulators for starting piston engines, when their volume decreased by -5.3% to 298M units. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 17%. The global exports peaked at 314M units in 2021, and then contracted in the following year.

In value terms, starter battery exports declined modestly to $12.2B in 2022. In general, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.5% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 22%. Over the period under review, the global exports reached the peak figure at $12.6B in 2021, and then declined slightly in the following year.

Exports By Country

In 2022, China (50M units), followed by South Korea (32M units), Spain (24M units), Mexico (24M units), Germany (17M units), the Philippines (16M units) and the United States (14M units) were the major exporters of lead-acid accumulators for starting piston engines, together mixing up 59% of total exports. The Czech Republic (13M units), Turkey (11M units), Slovenia (9M units), Italy (8.3M units), Poland (7.6M units) and Thailand (7M units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of +20.0%), while the other global leaders experienced more modest paces of growth.

In value terms, South Korea ($1.8B), Germany ($1.3B) and China ($963M) were the countries with the highest levels of exports in 2022, together comprising 33% of global exports.

In terms of the main exporting countries, China, with a CAGR of +9.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average starter battery export price stood at $41 per unit in 2022, surging by 2.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 5.9%. The global export price peaked at $42 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($75 per unit), while the Philippines ($7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+4.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform