Commercial Vehicle SLI Battery Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Flooded Type Battery, Maintenance-free Type Battery, AGM, Gel), By Application (OEM, Aftermarket), By Vehicle Type (Light Commercial, Medium Commercial, Heavy Commercial), By Sales Channel (Direct Sales, Distributors), By Region, By Competition Forecast, 2018-2028

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 22.08 billion

CAGR (2023-2028)

5.19%

Fastest Growing Segment

Flooded Type Battery

Largest Market

Asia Pacific

 

Market Overview

Global Commercial Vehicle SLI Battery Market has valued at USD 22.08 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.19% through 2028. The commercial vehicle SLI (Starting, Lighting, and Ignition) battery market refers to the specialized segment within the automotive industry that focuses on the production, distribution, and sale of batteries designed for use in commercial vehicles. Commercial vehicles encompass a wide range of transportation units, including trucks, buses, vans, and other industrial vehicles used for transporting goods, passengers, or performing various tasks.

SLI batteries in this context are critical components responsible for initiating the engine, providing power for lighting systems, and supporting essential electrical functions within these vehicles. These batteries are distinct from those used in passenger cars, primarily due to their higher capacity and durability requirements, as commercial vehicles often endure more demanding operating conditions and longer duty cycles. The commercial vehicle SLI battery market plays a vital role in supporting the functionality, reliability, and safety of these vehicles by ensuring dependable engine starts, efficient lighting, and the operation of essential electrical systems. With the increasing emphasis on sustainability and the growing demand for eco-friendly transportation solutions, this market is also witnessing innovations in battery technology to align with the evolving needs of the commercial vehicle sector.

Key Market Drivers

Growing Demand for Commercial Vehicles

The global commercial vehicle SLI (Starting, Lighting, and Ignition) battery market is experiencing a significant boost due to the growing demand for commercial vehicles. This demand surge can be attributed to several factors. First and foremost, the expansion of e-commerce and the logistics sector has led to an increased need for commercial vehicles to facilitate the movement of goods. As online shopping continues to rise, businesses are investing in larger fleets of delivery trucks, vans, and buses, all of which rely on SLI batteries for efficient engine startups and electrical systems operation.

Furthermore, urbanization and population growth in emerging economies have spurred the need for public transportation, including buses and taxis. These vehicles rely on SLI batteries for reliable ignition and lighting systems. Additionally, the construction and manufacturing sectors, vital components of economic development, are also driving the demand for commercial vehicles equipped with SLI batteries to power construction equipment and machinery.

Advancements in Battery Technology

Advancements in battery technology are another crucial driver of the global commercial vehicle SLI battery market. Manufacturers are continually developing innovative battery designs and chemistries to enhance performance, durability, and efficiency. One noteworthy trend is the adoption of absorbent glass mat (AGM) and enhanced flooded batteries (EFB), which offer superior performance over traditional flooded batteries. These advanced technologies provide better cold-cranking amps (CCA), longer service life, and improved cycling capabilities.

Moreover, the integration of smart features, such as battery management systems (BMS) and remote monitoring, has become increasingly prevalent. These systems help fleet operators and vehicle owners monitor battery health, extend battery life, and prevent unexpected breakdowns, thus reducing operational costs.

Stringent Emission Regulations

Stringent emission regulations imposed by governments worldwide are propelling the commercial vehicle industry to adopt cleaner and more efficient technologies. SLI batteries play a pivotal role in reducing emissions by enabling the electrification of auxiliary systems, such as start-stop systems and regenerative braking in hybrid and electric commercial vehicles. As governments impose stricter emissions standards to combat air pollution and climate change, the adoption of eco-friendly commercial vehicles equipped with advanced SLI batteries is expected to rise significantly.


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Increasing Focus on Fuel Efficiency

The global commercial vehicle industry is placing a growing emphasis on fuel efficiency to reduce operational costs and environmental impact. SLI batteries contribute to this goal by enabling start-stop systems, which automatically turn off the engine when the vehicle is stationary and restart it when needed, thus conserving fuel. This technology not only reduces fuel consumption but also lowers emissions.

Expanding Electric Vehicle (EV) Market

The expanding electric vehicle (EV) market is closely linked to the growth of the commercial vehicle SLI battery market. As electric commercial vehicles gain popularity due to their sustainability and lower operating costs, the demand for high-performance SLI batteries for auxiliary systems such as lighting and HVAC (heating, ventilation, and air conditioning) in these vehicles is rising. The transition towards electrification in commercial fleets, including delivery vans, buses, and trucks, presents a substantial opportunity for SLI battery manufacturers.

Increasing Focus on Vehicle Safety

Vehicle safety has become a paramount concern for commercial vehicle operators and manufacturers. SLI batteries are integral to safety systems, powering essential components such as airbags, ABS (anti-lock braking systems), and stability control. With a growing emphasis on reducing accidents and ensuring passenger and driver safety, the demand for reliable SLI batteries that can support these safety systems is on the rise.

In conclusion, the global commercial vehicle SLI battery market is being driven by a combination of factors, including the increasing demand for commercial vehicles, technological advancements, stringent emissions regulations, a focus on fuel efficiency, the growth of the electric vehicle market, and an increasing emphasis on vehicle safety. These drivers collectively create a favorable environment for the expansion of the commercial vehicle SLI battery market, with opportunities for manufacturers to innovate and meet the evolving needs of the industry.

Government Policies are Likely to Propel the Market

Emission Standards and Incentives for Green Technologies

Government policies play a pivotal role in shaping the global commercial vehicle SLI (Starting, Lighting, and Ignition) battery market. One of the most significant policies impacting this market is the establishment of stringent emission standards and incentives for green technologies. Governments around the world are increasingly concerned about air pollution and greenhouse gas emissions, particularly from the commercial transportation sector.

To combat this issue, many governments have introduced emissions regulations that push commercial vehicle manufacturers to adopt cleaner technologies. These regulations often include specific emissions targets that can be met through the use of electric vehicles and hybrid systems, which rely on SLI batteries. In addition to regulations, governments may offer incentives such as tax credits, rebates, or subsidies to encourage the adoption of eco-friendly SLI battery technologies. These policies drive commercial vehicle manufacturers to invest in research and development to produce more efficient SLI batteries that align with emission reduction goals.

Import Tariffs and Trade Regulations

Import tariffs and trade regulations also significantly impact the global commercial vehicle SLI battery market. These policies can either facilitate or hinder the flow of SLI batteries across borders, influencing the market dynamics.

Governments may impose import tariffs on SLI batteries to protect domestic battery manufacturers or promote local production. Such tariffs can increase the cost of imported batteries, making them less competitive in the market. Conversely, governments may adopt policies that encourage the import of advanced SLI batteries to meet the growing demand for commercial vehicles. Trade agreements and regulations can either facilitate or obstruct the international trade of SLI batteries, shaping the competitive landscape and pricing strategies in the market.

Environmental Subsidies and Incentives

In various regions, governments have implemented environmental subsidies and incentives aimed at promoting the adoption of environmentally friendly technologies, including SLI batteries for commercial vehicles. These policies typically provide financial support to vehicle manufacturers and fleet operators who invest in clean and efficient SLI battery technologies.

These subsidies can take various forms, including grants for research and development, tax incentives for companies that adopt green technologies, and subsidies for the purchase of electric and hybrid commercial vehicles equipped with advanced SLI batteries. Such policies encourage innovation and accelerate the market penetration of SLI batteries, benefiting both the environment and the industry.

Safety and Quality Standards

Government policies also play a crucial role in ensuring the safety and quality of SLI batteries used in commercial vehicles. Regulators often establish stringent standards and certification processes that manufacturers must adhere to, guaranteeing the reliability and performance of SLI batteries.

These policies help build trust among commercial vehicle manufacturers, fleet operators, and end-users, ensuring that the batteries meet the necessary safety and performance requirements. Compliance with these standards is often a prerequisite for market entry, effectively filtering out substandard products and enhancing the overall quality of SLI batteries in the market.

Recycling and Environmental Responsibility

In response to concerns about environmental sustainability, governments are increasingly focused on the recycling and responsible disposal of SLI batteries. These policies aim to reduce the environmental impact of battery production and disposal.

Regulations may require manufacturers to implement recycling programs and ensure the proper disposal of used SLI batteries. Additionally, governments may establish targets for the recycling and recovery of battery materials, encouraging manufacturers to develop sustainable battery technologies.

Research and Development Funding

Government policies can significantly influence the direction of research and development efforts in the commercial vehicle SLI battery market. Many governments allocate funding to support research initiatives that aim to improve battery technology, enhance energy efficiency, and reduce costs.

These policies foster innovation and accelerate the development of advanced SLI batteries with improved performance, longer lifespan, and reduced environmental impact. Research and development funding can also drive collaboration between governments, academic institutions, and private-sector companies, promoting the growth of the commercial vehicle SLI battery market and its overall competitiveness on a global scale.

Key Market Challenges

Technological Advancements and Innovation

One of the primary challenges facing the global commercial vehicle SLI (Starting, Lighting, and Ignition) battery market is the constant need for technological advancements and innovation. As the world moves towards cleaner and more energy-efficient transportation solutions, SLI batteries must evolve to meet the demands of modern commercial vehicles. However, achieving these advancements is easier said than done, and several hurdles must be overcome.

First and foremost, the commercial vehicle industry is rapidly evolving with the integration of hybrid and electric vehicles. These vehicles require more sophisticated and high-performance SLI batteries to support not only traditional functions like engine starting and lighting but also auxiliary systems, regenerative braking, and energy storage. Meeting these diverse demands while maintaining affordability and reliability is a significant technical challenge.

Furthermore, as the market demands batteries with higher energy density, longer lifespan, and faster charging capabilities, battery manufacturers must invest heavily in research and development. Developing new chemistries and materials that can withstand the rigors of commercial vehicle use, including extreme temperatures and heavy-duty cycles, is a complex and costly endeavor.

The fast-paced nature of technological innovation also poses challenges in terms of product lifecycle management. Manufacturers must continually update their offerings to stay competitive, which can lead to shorter product lifespans and potential issues with compatibility and standardization.

In addition, maintaining the safety and environmental sustainability of SLI batteries is paramount. Developing technologies that minimize the use of rare and hazardous materials while ensuring the safe recycling and disposal of batteries at the end of their life cycle is an ongoing challenge.

Overall, the commercial vehicle SLI battery market's ability to keep pace with technological advancements and innovate in response to changing industry needs will be a crucial factor in its long-term success.

Regulatory and Environmental Compliance

Another significant challenge for the global commercial vehicle SLI battery market revolves around regulatory and environmental compliance. Governments worldwide are enacting stringent regulations aimed at reducing emissions, enhancing safety, and promoting sustainability in the automotive sector. These regulations impact SLI battery design, manufacturing, and usage in various ways.

Emissions Regulations: Governments are imposing strict emissions standards for commercial vehicles, pushing manufacturers to adopt electric and hybrid technologies that rely on SLI batteries. While this presents an opportunity, it also places pressure on battery manufacturers to develop high-performance batteries that can meet the power and energy requirements of these vehicles. Complying with these regulations requires substantial investment in research, development, and production.

Safety Standards: Governments are continuously enhancing safety standards for commercial vehicles, including battery-related safety requirements. SLI batteries must meet stringent safety standards to ensure they can withstand extreme conditions, such as high-impact collisions or thermal stress, without posing a risk of explosion or fire. Adhering to these safety regulations while maintaining battery efficiency and performance is a complex balancing act.

Environmental Responsibility: The disposal and recycling of SLI batteries are subject to strict environmental regulations. Governments are promoting responsible recycling practices to minimize the environmental impact of battery disposal. Battery manufacturers and users must establish efficient recycling and disposal processes to remain compliant with these regulations, which can add logistical and cost challenges.

Global Harmonization: The commercial vehicle SLI battery market often faces the challenge of navigating diverse and evolving regulatory landscapes worldwide. Harmonizing standards and compliance requirements across different regions can be complex, especially when regulations vary significantly between countries.

In conclusion, staying abreast of regulatory and environmental compliance requirements presents a substantial challenge for the global commercial vehicle SLI battery market. Battery manufacturers and commercial vehicle operators must continuously adapt to evolving regulations, invest in research and development, and develop robust recycling and disposal practices to ensure compliance while remaining competitive in the marketplace.

Segmental Insights

Flooded Type Battery Insights

The Flooded Type Battery segment had the largest market share in 2022 & expected to maintain it in the forecast period. Flooded batteries are often more affordable to manufacture compared to some of the newer SLI battery technologies like AGM (Absorbent Glass Mat) and gel batteries. This affordability makes them an attractive option for both automotive manufacturers and consumers, especially in price-sensitive markets. Flooded batteries have a long history of use and a track record of reliability. They have been the standard choice for SLI applications for many years, and their performance in terms of cranking amps and overall reliability is well-established. Flooded batteries are widely available and can be found in most auto parts stores and service centers worldwide. This ease of availability simplifies replacement and maintenance for vehicle owners. Simple Maintenance: While flooded batteries do require regular maintenance, such as checking and topping off electrolyte levels with distilled water, this maintenance is relatively straightforward and can be performed with minimal tools and expertise. Some consumers prefer this level of control over their battery maintenance. Flooded batteries are compatible with a wide range of vehicles, including older models, which contributes to their continued popularity. They are a versatile choice for many automotive applications. Flooded batteries are known for their ability to withstand harsh conditions, including extreme temperatures and vibrations. This makes them suitable for a variety of applications, including commercial vehicles and off-road vehicles. There is a well-established infrastructure for recycling lead-acid batteries, including flooded batteries. This contributes to their environmental sustainability, as the lead and other materials can be recycled and reused.

Light Commercial Insights

The Light Commercial segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Light commercial vehicle (LCVs) constitute a substantial portion of the global vehicle fleet due to their versatility and widespread use. They serve various purposes, including urban transportation, delivery services, and small-scale logistics. The sheer volume of LCVs on the road contributes to a significant demand for SLI batteries. LCVs are used across a wide range of industries and applications. They are utilized by businesses, government agencies, and individuals for purposes such as transporting goods, small-scale construction, maintenance, and service operations. Each of these applications relies on LCVs, increasing the overall demand for SLI batteries. With the global trend toward urbanization and the rise of e-commerce, last-mile delivery services have become increasingly important. LCVs are the preferred choice for these operations, given their maneuverability and efficiency in navigating urban environments. This trend has led to a surge in the number of LCVs, boosting the demand for SLI batteries. Many businesses and logistics companies maintain fleets of LCVs for transporting goods and providing services. These fleets are often the backbone of their operations, requiring reliable SLI batteries to ensure that vehicles start and operate smoothly. Fleet operators tend to prioritize battery maintenance and replacement, contributing to the strong demand for SLI batteries. LCVs include a range of consumer vehicles such as vans, SUVs, and pickup trucks. These vehicles are widely used for personal transportation and are often chosen for their versatility, making them a staple in many households. Consumer vehicles, like commercial LCVs, rely on SLI batteries for everyday operation. LCVs are typically more affordable than their larger counterparts, making them accessible to a broader consumer base. This affordability extends to the SLI batteries used in these vehicles, which tend to be competitively priced. Consumers and businesses find it cost-effective to maintain and replace SLI batteries in LCVs, further contributing to market dominance. SLI batteries in LCVs have relatively shorter lifespans compared to other battery types. They require periodic replacement, providing a consistent aftermarket demand. This regular replacement cycle ensures a steady market for SLI batteries in LCVs. Advancements in SLI battery technology have improved their performance, reliability, and durability, making them suitable for a wide range of applications, including LCVs. These improvements have reinforced the position of SLI batteries in LCVs.


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Regional Insights

Asia Pacific had the largest market for commercial vehicle SLI batteries in 2022. This is due to the increasing production and sales of commercial vehicles in this region, particularly in China and India. China is the world's largest producer and consumer of commercial vehicles, and India is also a major market for these vehicles. Other key markets in the Asia Pacific region include Japan, South Korea, and Australia.

North America had the second-largest market for commercial vehicle SLI batteries in 2022. The United States is the largest market in North America for commercial vehicles, followed by Canada. The increasing demand for commercial vehicles in the United States, particularly from the e-commerce and logistics sectors, is driving the growth of the commercial vehicle SLI battery market in the region.

Europe had the third-largest market for commercial vehicle SLI batteries in 2022. Germany is the largest market in Europe for commercial vehicles, followed by the United Kingdom and France. The increasing demand for commercial vehicles in Europe, particularly from the construction and manufacturing sectors, is driving the growth of the commercial vehicle SLI battery market in the region.

Recent Developments

  • In August 2023, Clarios, a global leader in advanced battery technologies, announced that it would invest USD100 million in its manufacturing plant in Olathe, Kansas. The investment will be used to expand the plant's capacity to produce advanced SLI batteries for commercial vehicles.
  • In June 2023, NorthStar Battery, a leading manufacturer of lithium-ion batteries, announced that it had received USD100 million in funding from a group of investors. The funding will be used to accelerate the development and commercialization of NorthStar's lithium-ion batteries for commercial vehicles.
  • In May 2023, Amara Raja Batteries, a leading Indian manufacturer of batteries, announced that it would invest USD200 million in expanding its manufacturing capacity for commercial vehicle SLI batteries. The investment is expected to create 1,000 new jobs.
  • In April 2023, Exide Technologies, a global leader in battery manufacturing and recycling, announced that it had acquired the commercial vehicle SLI battery business of Delphi Technologies for USD1.2 billion. The acquisition will strengthen Exide's position in the commercial vehicle SLI battery market.

Key Market Players

  • Clarios LLC
  • Johnson Controls International PLC
  • East Penn Manufacturing
  • EnerSys
  • GS Yuasa Corporation
  • Hitachi Chemical co., ltd.
  • Hankook Tire & Technology Co., Ltd
  • Amara Raja Batteries Limited
  • Century Batteries

By Type

By Application

By Vehicle Type

By Sales Channel

By Region
  • Flooded Type Battery
  • Maintenance-free Type Battery
  • AGM
  • Gel
  • OEM
  • Aftermarket
  • Light Commercial
  • Medium Commercial Heavy Commercial
  • Direct Sales
  • Distributors
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Commercial Vehicle SLI Battery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Commercial Vehicle SLI Battery Market, By Type:

o   Flooded Type Battery

o   Maintenance-free Type Battery

o   AGM

o   Gel   

  • Commercial Vehicle SLI Battery Market, By Application:

o   OEM

o   Aftermarket  

  • Commercial Vehicle SLI Battery Market, By Vehicle Type:

o   Light Commercial

o   Medium Commercial

o   Heavy Commercial  

  • Commercial Vehicle SLI Battery Market, By Sales Channel:

o   Direct Sales

o   Distributors

  • Commercial Vehicle SLI Battery Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Commercial Vehicle SLI Battery Market.

Available Customizations:

Global Commercial Vehicle SLI Battery market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Commercial Vehicle SLI Battery Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

2.    Key Market Segmentations

3.    Research Methodology

3.1.  Objective of the Study

3.2.  Baseline Methodology

3.3.  Formulation of the Scope

3.4.  Assumptions and Limitations

3.5.  Sources of Research

3.5.1.     Secondary Research

3.5.2.     Primary Research

3.6.  Approach for the Market Study

3.6.1.The Bottom-Up Approach

3.6.2.The Top-Down Approach

3.7.  Methodology Followed for Calculation of Market Size & Market Shares

3.8.  Forecasting Methodology

3.8.1.Data Triangulation & Validation

4.    Executive Summary

5.    Voice of Customer

6.    Global Commercial Vehicle SLI Battery Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type (Flooded Type Battery, Maintenance-free Type Battery, AGM, Gel),

6.2.2.    By Application (OEM, Aftermarket),

6.2.3.    By Vehicle Type (Light Commercial, Medium Commercial, Heavy Commercial),

6.2.4.    By Sales Channel (Direct Sales, Distributors)

6.2.5.    By Region

6.2.6.    By Company (2022)

6.3.  Market Map

7.    North America Commercial Vehicle SLI Battery Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By Vehicle Type

7.2.4.    By Sales Channel

7.2.5.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Commercial Vehicle SLI Battery Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Application

7.3.1.2.3.           By Vehicle Type

7.3.1.2.4.           By Sales Channel

7.3.2.    Canada Commercial Vehicle SLI Battery Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Application

7.3.2.2.3.           By Vehicle Type

7.3.2.2.4.           By Sales Channel

7.3.3.    Mexico Commercial Vehicle SLI Battery Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Application

7.3.3.2.3.           By Vehicle Type

7.3.3.2.4.           By Sales Channel

8.    Europe Commercial Vehicle SLI Battery Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By Vehicle Type

8.2.4.    By Sales Channel

8.2.5.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Commercial Vehicle SLI Battery Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Application

8.3.1.2.3.           By Vehicle Type

8.3.1.2.4.           By Sales Channel

8.3.2.    United Kingdom Commercial Vehicle SLI Battery Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Application

8.3.2.2.3.           By Vehicle Type

8.3.2.2.4.           By Sales Channel

8.3.3.    Italy Commercial Vehicle SLI Battery Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Application

8.3.3.2.3.           By Vehicle Type

8.3.3.2.4.           By Sales Channel

8.3.4.    France Commercial Vehicle SLI Battery Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Application

8.3.4.2.3.           By Vehicle Type

8.3.4.2.4.           By Sales Channel

8.3.5.    Spain Commercial Vehicle SLI Battery Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Application

8.3.5.2.3.           By Vehicle Type

8.3.5.2.4.           By Sales Channel

9.    Asia-Pacific Commercial Vehicle SLI Battery Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By Vehicle Type

9.2.4.    By Sales Channel

9.2.5.    By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.    China Commercial Vehicle SLI Battery Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Application

9.3.1.2.3.           By Vehicle Type

9.3.1.2.4.           By Sales Channel

9.3.2.    India Commercial Vehicle SLI Battery Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Application

9.3.2.2.3.           By Vehicle Type

9.3.2.2.4.           By Sales Channel

9.3.3.    Japan Commercial Vehicle SLI Battery Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Application

9.3.3.2.3.           By Vehicle Type

9.3.3.2.4.           By Sales Channel

9.3.4.    South Korea Commercial Vehicle SLI Battery Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Type

9.3.4.2.2.           By Application

9.3.4.2.3.           By Vehicle Type

9.3.4.2.4.           By Sales Channel

9.3.5.    Australia Commercial Vehicle SLI Battery Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Type

9.3.5.2.2.           By Application

9.3.5.2.3.           By Vehicle Type

9.3.5.2.4.           By Sales Channel

10. South America Commercial Vehicle SLI Battery Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Vehicle Type

10.2.4. By Sales Channel

10.2.5. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Commercial Vehicle SLI Battery Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Application

10.3.1.2.3.         By Vehicle Type

10.3.1.2.4.         By Sales Channel

10.3.2. Argentina Commercial Vehicle SLI Battery Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Application

10.3.2.2.3.         By Vehicle Type

10.3.2.2.4.         By Sales Channel

10.3.3. Colombia Commercial Vehicle SLI Battery Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Application

10.3.3.2.3.         By Vehicle Type

10.3.3.2.4.         By Sales Channel

11. Middle East and Africa Commercial Vehicle SLI Battery Market Outlook

11.1.             Market Size & Forecast        

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Type

11.2.2. By Application

11.2.3. By Vehicle Type

11.2.4. By Sales Channel

11.2.5. By Country

11.3.             MEA: Country Analysis

11.3.1. South Africa Commercial Vehicle SLI Battery Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Type

11.3.1.2.2.         By Application

11.3.1.2.3.         By Vehicle Type

11.3.1.2.4.         By Sales Channel

11.3.2. Saudi Arabia Commercial Vehicle SLI Battery Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Type

11.3.2.2.2.         By Application

11.3.2.2.3.         By Vehicle Type

11.3.2.2.4.         By Sales Channel

11.3.3. UAE Commercial Vehicle SLI Battery Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Type

11.3.3.2.2.         By Application

11.3.3.2.3.         By Vehicle Type

11.3.3.2.4.         By Sales Channel

11.3.4. Kuwait Commercial Vehicle SLI Battery Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Type

11.3.4.2.2.         By Application

11.3.4.2.3.         By Vehicle Type

11.3.4.2.4.         By Sales Channel

11.3.5. Turkey Commercial Vehicle SLI Battery Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Type

11.3.5.2.2.         By Application

11.3.5.2.3.         By Vehicle Type

11.3.5.2.4.         By Sales Channel

12. Market Dynamics

13. Market Trends & Developments

14. Competitive Landscape

14.1.      Clarios LLC

14.1.1. Business Overview

14.1.2. Key Revenue and Financials 

14.1.3. Recent Developments

14.1.4. Key Personnel/Key Contact Person

14.1.5. Key Product/Services Offered

14.2.      Johnson Controls International PLC

14.2.1. Business Overview

14.2.2. Key Revenue and Financials 

14.2.3. Recent Developments

14.2.4. Key Personnel/Key Contact Person

14.2.5. Key Product/Services Offered

14.3.      East Penn Manufacturing

14.3.1. Business Overview

14.3.2. Key Revenue and Financials 

14.3.3. Recent Developments

14.3.4. Key Personnel/Key Contact Person

14.3.5. Key Product/Services Offered

14.4.      EnerSys

14.4.1. Business Overview

14.4.2. Key Revenue and Financials 

14.4.3. Recent Developments

14.4.4. Key Personnel/Key Contact Person

14.4.5. Key Product/Services Offered

14.5.      GS Yuasa Corporation

14.5.1. Business Overview

14.5.2. Key Revenue and Financials 

14.5.3. Recent Developments

14.5.4. Key Personnel/Key Contact Person

14.5.5. Key Product/Services Offered

14.6.      Hitachi Chemical co., ltd.

14.6.1. Business Overview

14.6.2. Key Revenue and Financials 

14.6.3. Recent Developments

14.6.4. Key Personnel/Key Contact Person

14.6.5. Key Product/Services Offered

14.7.      Hankook Tire & Technology Co., Ltd

14.7.1. Business Overview

14.7.2. Key Revenue and Financials 

14.7.3. Recent Developments

14.7.4. Key Personnel/Key Contact Person

14.7.5. Key Product/Services Offered

14.8.      Amara Raja Batteries Limited

14.8.1. Business Overview

14.8.2. Key Revenue and Financials 

14.8.3. Recent Developments

14.8.4. Key Personnel/Key Contact Person

14.8.5. Key Product/Services Offered

14.9.      Century Batteries

14.9.1. Business Overview

14.9.2. Key Revenue and Financials 

14.9.3. Recent Developments

14.9.4. Key Personnel/Key Contact Person

14.9.5. Key Product/Services Offered

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Commercial Vehicle SLI Battery Market was USD 22.08 billion in 2022.

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The Flooded Type Battery segment had the largest market share in 2022 & expected to maintain it in the forecast period. Flooded batteries are often more affordable to manufacture compared to some of the newer SLI battery technologies like AGM (Absorbent Glass Mat) and gel batteries. This affordability makes them an attractive option for both automotive manufacturers and consumers, especially in price-sensitive markets.

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The Light Commercial segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Light commercial vehicle (LCVs) constitute a substantial portion of the global vehicle fleet due to their versatility and widespread use. They serve various purposes, including urban transportation, delivery services, and small-scale logistics. The sheer volume of LCVs on the road contributes to a significant demand for SLI batteries.

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Increasing demand for commercial vehicles, rising disposable income, and technological advancements are the major drivers of the Global Commercial Vehicle SLI Battery Market.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Commercial Vehicle SLI Battery Market to Grow with a CAGR of 5.19% through 2028

Oct, 2023

Increasing demand for commercial vehicles, rising disposable income, and technological advancements are likely to drive the market in the forecast period.

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