Home > Energy & Power > Battery Technology > SLI Battery > SLI Battery Aftermarket

Market Trends

Report ID: GMI5816
Published Date: Dec 2024
Report Format: PDF

Download Free Sample

SLI Battery Aftermarket Trends

The global aftermarket is experiencing notable trends, with one major shift being the growing demand for high-performance batteries that offer longer lifespan and quicker charging, fueled by advancements in battery technology. The shift towards eco-friendly products is encouraging the development of sustainable and recyclable batteries. For instance, in July 2024, Exide Industries launched an advanced Absorbent Glass Mat battery for automotive applications, designed for enhanced durability and starting power which supports modern energy-saving vehicle features.

Additionally, the rise in electric vehicles (EVs) is influencing the market, as hybrid and electric vehicle owners seek specialized batteries and charging solutions. Moreover, there is a rise in demand for aftermarket services, including battery recycling and maintenance, as consumers focus on maximizing battery lifespan and improving overall vehicle efficiency.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global aftermarket was valued at USD 31.2 billion in 2024 and is expected to reach USD 38.8 billion by 2034, driven by a CAGR of 2.1% from 2025 to 2034.

The flooded technology segment is expected to grow at a CAGR exceeding 1% through 2034, driven by advancements in lead-acid and lithium-ion battery technologies.

The U.S. market is projected to exceed USD 8.4 billion by 2034, driven by a growing vehicle fleet and increasing demand for replacement batteries.

Major players in the industry include ACDelco, Accumulators Moura, Amara Raja Group, Banner Batteries, Clarios, Continental Battery Systems, Crown Battery, EnerSysH, Erdil Battery, Exide Technologies, FIAMM Energy Technology, GS Yuasa International, Hankook & Company, and Interstate Batteries.