Europe SLI Battery Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.5 Billion |
| Market Size (2029) | USD 7.94 Billion |
| CAGR (2024 - 2029) | 4.08 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe SLI Battery Market Analysis
The Europe SLI Battery Market size is estimated at USD 6.5 billion in 2024, and is expected to reach USD 7.94 billion by 2029, growing at a CAGR of 4.08% during the forecast period (2024-2029).
- Over the medium term, factors such as rising growth in the adoption of motor vehicles in the region coupled with growing demand for batteries from industrial and agricultural industries are expected to be among the most significant drivers for the Europe SLI battery market during the forecast period.
- On the other hand, increasing competition from alternate battery chemistries poses a threat to the European SLI battery market during the forecast period.
- Nevertheless, continued efforts to expand in emerging markets for new vehicles and after-market replacements are expected to create several opportunities for the market in the future.
- Germany is expected to witness significant growth and is expected to register the highest CAGR during the forecast period. This is due to the region's significant manufacturing industry.
Europe SLI Battery Market Trends
Automotive End User Industry to Witness Significant Growth
- The automotive end-user industry stands as a cornerstone of the Europe SLI (Starting, Lighting, and Ignition) battery market. This sector encompasses a diverse array of vehicles, including passenger cars, light commercial vehicles, and heavy-duty trucks, all of which depend on SLI batteries for critical functions.
- According to the International Organization of Motor Vehicle Manufacturers, automobile production in Europe has been witnessing consistent growth since 2020. Between 2022 and 2023, production increased by more than 13%, whereas the annual average growth rate in the past five years was over 2%. This signifies the growing production of automobiles in the region, which in turn drives the SLI batteries market.
- The European automotive landscape, renowned for its commitment to innovation and quality, has been instrumental in molding the SLI battery market. Manufacturers continually push the boundaries of battery technology, striving for enhancements in performance, durability, and environmental sustainability to meet the evolving needs of modern vehicles and stringent regulatory requirements.
- For instance, in May 2023, Portuguese start-up C2C-NewCap pioneered GO-START, an eco-friendly supercapacitor module poised to revolutionize the energy storage landscape. Backed by the EU-funded HYCAP project, the company has not only set up pilot production lines but also honed its supply chain for the market debut of the inaugural commercial iteration. The comprehensive package features a deep-cycle battery, boasting a significantly longer lifespan compared to conventional SLI batteries, tailored to power a vehicle's electrical accessories.
- The growing adoption of start-stop systems and mild hybrid vehicles, for instance, has necessitated the development of more advanced SLI batteries capable of withstanding frequent charge-discharge cycles and delivering higher power output. This shift has not only driven innovation in battery design but has also reshaped the competitive landscape of the SLI battery market in Europe.
- The automotive manufacturing sector in Europe has undergone significant transformations in recent years, propelled by a confluence of factors, including stricter emissions regulations, the accelerating transition toward electrification, and shifting consumer preferences. While these changes have predominantly affected powertrain systems, they have also had cascading effects on auxiliary components like SLI batteries.
- Therefore, as mentioned above, the automotive end-user industry is expected to witness significant growth during the forecast period.
Germany to Dominate the Market
- Germany, as a powerhouse of the European automotive industry, plays a pivotal role in the European Starting, Lighting, and Ignition (SLI) battery market. The country's manufacturing capabilities in this sector are formidable, leveraging a rich history of industrial expertise and technological innovation. German SLI battery manufacturers have established themselves as leaders in production efficiency, quality control, and technological advancement.
- The manufacturing industry is one of the leading contributors to the German economy, which has reached pre-pandemic levels since 2020. In 2023, the manufacturing sector contributed 18.96% to the German GDP, an increase of 2.81% compared to 2022. This signifies the growing manufacturing sector in the country, which drives the demand for SLI batteries.
- Companies in the country have invested heavily in state-of-the-art production facilities, incorporating high levels of automation and robotics to ensure consistent quality and high output volumes. The manufacturing landscape in Germany is characterized by a mix of large-scale producers capable of mass production and smaller, specialized manufacturers focusing on niche markets or high-performance applications.
- Recent trends in the German SLI battery market reflect broader shifts in the automotive industry towards electrification and increased vehicle electrification. While the transition to electric vehicles has impacted the traditional SLI battery market, it has also created new opportunities. German manufacturers have been quick to adapt, developing advanced SLI batteries capable of meeting the increased power demands of modern vehicles equipped with start-stop systems and regenerative braking.
- There's a growing trend toward the production of Enhanced Flooded Batteries (EFB) and Absorbent Glass Mat (AGM) batteries, which offer improved performance and longevity compared to conventional lead-acid batteries. These advanced batteries are particularly well-suited to the demands of modern vehicles with sophisticated electrical systems and numerous power-hungry accessories.
- This trend is pronounced in the new products launched by the battery manufacturers. For instance, in March 2024, Trojan Battery Company bolsters its global battery market offerings by introducing two DIN-size batteries to its Trojan AES family. These new additions, the TE35-AES and 5SHP-AES, inherit the hallmark features of Trojan AES AGM batteries. This translates to enhanced value and return on investments for original equipment manufacturers and rental firms, with the added benefit of reduced equipment downtime for end users.
- Therefore, as per the abovementioned points, Germany is expected to dominate the market during the forecast period.
Europe SLI Battery Industry Overview
The Europe SLI battery market is sem-fragmented. Some of the key players in this market (in no particular order) are GS Yuasa International Ltd, Exide Technologies, Johnson Controls, EnerSys, and East Penn Manufacturing Company.
Europe SLI Battery Market Leaders
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GS Yuasa International Ltd.
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Exide Technologies
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Johnson Controls
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EnerSys
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East Penn Manufacturing Company
*Disclaimer: Major Players sorted in no particular order
Europe SLI Battery Market News
- In February 2024, Euro Energy Resources Limited will unveil its latest breakthroughs in Valve-regulated Lead Acid (VRLA) batteries, redefining power storage benchmarks. The company's VRLA lineup includes gel cell and absorbed glass mat (AGM) variants tailored for diverse applications, spanning from high-power vehicle needs for SLI applications to deep-cycle demands in renewable energy storage.
- In June 2023, the European Union (EU) introduced Regulation (EU) 2023/1542, focusing on batteries and waste management. This legislation mandates sustainability, safety, and labeling standards for a broad spectrum of batteries, encompassing portable, SLI (starting, lighting, and ignition), LMT (light means of transport), electric vehicle, industrial, and product-integrated batteries. Emphasizing the entire battery life cycle, from production through to recycling, the regulation aims to bolster safety, sustainability, and competitiveness.
Europe SLI Battery Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD, till 2029
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.1.1 Increasing Adoption of Motor Vehicles
- 4.5.1.2 Growing Demand for SLI Batteries from Industrial and Agricultural Applications
- 4.5.2 Restraints
- 4.5.2.1 Increasing Penetration of Alternative Battery Chemistries
- 4.6 Supply Chain Analysis
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4.7 Industry Attractiveness - Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitutes Products and Services
- 4.7.5 Intensity of Competitive Rivalry
- 4.8 Investment Analysis
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Flooded Battery
- 5.1.2 VRLA Battery
- 5.1.3 EBF Battery
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5.2 End-User
- 5.2.1 Automotive
- 5.2.2 Others
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5.3 Geography
- 5.3.1 Germany
- 5.3.2 France
- 5.3.3 United Kingdom
- 5.3.4 Italy
- 5.3.5 Spain
- 5.3.6 NORDIC
- 5.3.7 Russia
- 5.3.8 Turkey
- 5.3.9 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted & SWOT Analysis for Leading Players
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6.3 Company Profiles
- 6.3.1 GS Yuasa International Ltd.
- 6.3.2 Exide Technologies
- 6.3.3 Johnson Controls
- 6.3.4 EnerSys
- 6.3.5 Leoch International Technology Limited Inc.
- 6.3.6 East Penn Manufacturing Company
- 6.3.7 C&D Technologies Inc.
- 6.3.8 Clarios International Inc.
- 6.3.9 Trojan Battery Company
- 6.3.10 Crown Battery Manufacturing Company
- *List Not Exhaustive
- 6.4 List of Other Prominent Companies
- 6.5 Market Ranking/Share (%) Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Expansion in Emerging Markets for Both New Vehicles and After-Market Replacements
Europe SLI Battery Industry Segmentation
An SLI battery, which stands for Starting, Lighting, and Ignition battery, is a type of lead-acid battery commonly used in automobiles. Its primary function is to provide the necessary power to start the engine, as well as to supply energy for the vehicle's lighting and ignition systems. Unlike deep-cycle batteries that are designed to provide a steady amount of current over a long period, SLI batteries are engineered to deliver short bursts of high current. They are typically designed for shallow discharges and rapid recharging by the vehicle's alternator once the engine is running. This makes them ideal for the frequent start-stop usage typical in cars and trucks.
The Europe SLI battery market is segmented by type, end users, and geography. By type, the market is segmented into flooded batteries, VRLA batteries, and EBF batteries. By End-user, the market is segmented into automotive and others. The report also covers the size and forecasts for the SLI battery markets across major countries. Market sizing and forecasts were made for each segment based on revenue (USD).
| Type | Flooded Battery |
| VRLA Battery | |
| EBF Battery | |
| End-User | Automotive |
| Others | |
| Geography | Germany |
| France | |
| United Kingdom | |
| Italy | |
| Spain | |
| NORDIC | |
| Russia | |
| Turkey | |
| Rest of Europe |
Europe SLI Battery Market Research FAQs
How big is the Europe SLI Battery Market?
The Europe SLI Battery Market size is expected to reach USD 6.5 billion in 2024 and grow at a CAGR of 4.08% to reach USD 7.94 billion by 2029.
What is the current Europe SLI Battery Market size?
In 2024, the Europe SLI Battery Market size is expected to reach USD 6.5 billion.
Who are the key players in Europe SLI Battery Market?
GS Yuasa International Ltd., Exide Technologies, Johnson Controls, EnerSys and East Penn Manufacturing Company are the major companies operating in the Europe SLI Battery Market.
What years does this Europe SLI Battery Market cover, and what was the market size in 2023?
In 2023, the Europe SLI Battery Market size was estimated at USD 6.23 billion. The report covers the Europe SLI Battery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe SLI Battery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe SLI Battery Industry Report
Statistics for the 2024 Europe SLI Battery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe SLI Battery analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
