A vehicle's batteries play a crucial role in lighting, starting, and ignition. Additionally, the global market for motorcycle lead acid batteries has seen significant growth due to a shift toward battery-powered vehicles like motorcycles. The revenue generated by motorcycles, scooters, and other two-wheeled vehicles is substantial. The development of the market is being directly impacted by the rising production and sales of motorcycles and bikes as well as the rising demand for electric bikes.
According to Data Bridge Market Research, Motorcycle Lead Acid Battery was valued at USD 5,256.93 million in 2022 and is expected to reach the value of USD 8,159.96 million by 2030, at a CAGR of 5.65% during the forecast period.
"Increasing motorcycle ownership surge market demand"
Increasing motorcycles' global ownership is a significant driver for the motorcycle lead acid battery market. With a growing number of individuals owning motorcycles for various purposes such as commuting and recreational activities, there is a corresponding rise in the demand for dependable batteries to power these vehicles. Due to their popularity among motorcycle owners and reputation for dependability and durability, motorcycle lead acid batteries are a critical factor in the market's expansion.
What restraints the growth of the motorcycle lead acid battery market?
"Growing competition from alternative battery technologies can impede the market growth”
The motorcycle lead acid battery market encounters challenges from alternative battery technologies, particularly lithium-ion batteries. Lithium-ion batteries offer significant benefits, including reduced weight, longer lifespan, and higher energy density, compared to lead-acid batteries. These advantages make lithium-ion batteries more appealing to consumers, leading to increased adoption in the motorcycle industry. As a result, the lead acid battery market may experience a restraint in growth as customers opt for the superior performance and features offered by lithium-ion batteries.
Segmentation: Global Motorcycle Lead Acid Battery Market
The motorcycle lead acid battery market is segmented on the basis of type, sales channel, and product type.
- On the basis of type, the motorcycle lead acid battery market is segmented into standard, cruisers, sports, mopeds, electric
- On the basis of sales channel, the motorcycle lead acid battery market is segmented into OEMs, aftermarket
- On the basis of product type, the motorcycle lead acid battery market is segmented into valve regulated lead acid battery (VRLA) battery, flooded lead-acid (FLA), absorbed glass mat (AGM), vented battery, and other battery.
Regional Insights: Asia-Pacific dominates the Global Motorcycle Lead Acid Battery Market
Asia-Pacific dominates the motorcycle lead acid battery market in revenue growth. This is mainly due to increasing motorcycles production and expanding data center infrastructure. Moreover, an increase in renewable energy generation targets, rising ownership of two-wheelers and increasing government stringent regulations and subsidiaries regarding pollution emission will likely boost the market growth in this region.
North America is poised for rapid growth in the motorcycle lead acid battery market, driven by advancements in manufacturing processes within the region. The telecom industry's expansion and increased oil and gas activities, especially after the shale gas boom, are expected to fuel market growth further. These factors create opportunities for manufacturers to cater to the growing demand and establish a strong presence in North America, contributing to the overall market expansion.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-motorcycle-lead-acid-battery-market
Recent Developments in Global Motorcycle Lead Acid Battery Market
- In 2019, EnerSys announced an additional $100 million investment in the production of Thin Plate Pure Lead (TPPL) in order to increase capacity by 15% over the following three years. The company anticipates that this investment will boost annual TPPL profit by more than $500 million.
The Prominent Key Players Operating in the Global Motorcycle Lead Acid Battery Market Include:
- Banner (Austria)
- DYNAVOLT Power (China)
- Tianneng rechargeable battery manufacturers (China)
- leoch International Technology Limited Inc, (China)
- Manbat Ltd T/A SYBS (U.S.)
- ENERSYS. (U.S.)
- Chaowei Power Holdings Ltd (China)
- KOYO BATTERY CO., LTD (China)
- Robert Bosch GmbH (Germany)
- GS Yuasa International Ltd (Japan)
- EXIDE INDUSTRIES LTD (India)
- Battery Tender (U.S.)
- Camel Group Co., Ltd (China)
- Reem Batteries & Power Appliances Co. SAOC (Dubai)
- Saft (France)
- C&D TECHNOLOGIES, INC. (U.S.)
- Panasonic Corporation (Japan)
Above are the key players covered in the report, to know about more and exhaustive list of global motorcycle lead acid battery market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Motorcycle Lead Acid Battery Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
