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Market Size in USD Billion
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USD 5,256.93 Million |
| USD 8,159.96 Million | |
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Global Motorcycle Lead Acid Battery Market, By Type (Standard, Cruisers, Sports, Mopeds, Electric), Sales Channel (OEMs, Aftermarket), Product Type (Valve regulated lead acid battery (VRLA) Battery, Flooded Lead-Acid (FLA), Absorbed Glass Mat (AGM), Vented Battery, Other Battery) – Industry Trends and Forecast to 2030.
Batteries are a significant part of a vehicle while ignition, starting, and lighting. Also, with a shift towards battery powered vehicles such as motorcycles has gained prominent traction in the global motorcycle lead acid battery market. Motorcycles, scooters, and other two wheelers considerably contribute to the global market revenue. The increasing production and sales of a motorcycle and bikes and the growing demand for electric bike are directly impacting the market's growth.
Data Bridge Market Research analyses that the motorcycle lead acid battery market was valued at USD 5256.93 million in 2022 and is expected to reach the value of USD 8159.96 million by 2030, at a CAGR of 5.65% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Standard, Cruisers, Sports, Mopeds, Electric), Sales Channel (OEMs, Aftermarket), Product Type (Valve regulated lead acid battery (VRLA) Battery, Flooded Lead-Acid (FLA), Absorbed Glass Mat (AGM), Vented Battery, Other Battery)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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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)
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Market Opportunities
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Market Definition
Motorcycle lead acid batteries are the type of devices used in motorcycles for electricity storage. The lead acid battery contains electrodes of lead metal (Pb) and lead oxide (PbO2) in an electrolyte of sulfuric acid (H2SO4). It can be used in an emergency or when the power supply connection is unavailable.
Drivers
The extensive usage of motorcycles in developing countries creates many problems such as poor roads in rural areas, traffic congestion, and high gasoline prices. So, dealing with these problems increases the demand for lead acid batteries. These batteries offer efficiencies approx. 80-85%. This is significant because it allows the battery to charge faster. This will be a major aspect that will drive the market's growth during the forecast period.
Absorbed Glass Mat (AGM) battery increases the global motorcycle lead acid battery market with healthy revenue share. AGM is a valve-regulated lead acid battery designed to recombine oxygen and hydrogen within the sealed battery and excess released gas from a built-in valve. These batteries are normally used for two wheelers because they provide numerous benefits over other battery types such as low maintenance, shorter recharge time, only 1-3% self-discharge per month, highest power density, best performance in low temperature, and 80-90% round trip efficiency. As a result all these factors increase the demand for the absorbed glass mat (AGM) batteries and propel the market growth rate.
Opportunities
The growth of the market can be attributed to several factors, which will also create lucrative opportunities in the upcoming years. The primary and one of the major is all of them being growing purchasing power. Increased demand for attractive and stylish bikes is also the major factor expected to boost the market's growth. Manufacturers are highly focused on manufacturing conventional motorcycles with a sportier look featuring good fuel efficiency and larger displacement engines, which further create immense opportunities for market growth during the forecast period.
Rising demand for motorcycle lead acid batteries in light, electric, hybrid, and heavy motor vehicles is a major factor enhancing the market growth. The sales of motorcycle lead acid batteries are expected to increase because governments have begun to grant incentives for the manufacture of low-cost electric cars that do not affect the environment. As a result, the motorcycle lead acid battery manufacturers are expected to witness many growth opportunities during the forecast period.
Restraints
Low-cost options in energy storage space and increasing safety related issues to battery usage, are some of the major factors restraining the market's growth. The rising growth of electric vehicles and limited usage capacity of lead acid batteries will further challenge the market growth in the forecast period mentioned above.
This motorcycle lead acid battery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the motorcycle lead acid battery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
The motorcycle lead acid battery market is segmented based on type, sales channel and product type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Sales Channel
Product Type
The motorcycle lead acid battery market is analyzed and market size insights and trends are provided by country, type, sales channel and product type as referenced above.
The countries covered in the motorcycle lead acid battery market report are report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
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 projected to be the fastest developing region during the forecast period of 2023-2030 due to increasing advancements in manufacturing processes of lead acid batteries in the region. Furthermore, rising telecom industry, combined with augmented oil and gas related activity after the shale gas boom, will likely to boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The motorcycle lead acid battery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to motorcycle lead acid battery market.
Some of the major players operating in the motorcycle lead acid battery market are:
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.