Global Two Wheeler Lead Acid Batteries Market – Industry Trends and Forecast to 2029

Global Two Wheeler Lead Acid Batteries Market, By Capacity (Less than 5 AH, 5 AH to 10 AH, 10 AH to 20 AH, Above 20 AH), Technology (I.C. Engine, Electric), Two Wheeler (Motorcycles, Scooters), Battery Type (VRLA Batteries, Flooded), Sales Channel (OEMs, Aftermarket) – Industry Trends and Forecast to 2029.

Two Wheeler Lead Acid Batteries Market Analysis and Size

A rechargeable battery or secondary cell is a lead-acid battery. It is quite popular in trucks and other automobiles. Lead-acid batteries have a high-power output are very affordable rechargeable batteries and. Lead acid batteries are mostly used as a SLI battery in automobiles. The rising production and sales of automotive and growing demand of electric vehicle are directly impacting the growth of the two wheeler lead acid batteries market. Lead acid batteries are inexpensive compared to other batteries and offer optimal solutions to end users.

Data Bridge Market Research analyses that the two wheeler lead acid batteries market was valued at USD 4.60 billion in 2021 and is expected to reach USD 7.50 billion by 2029, registering a CAGR of 6.30% during the forecast period of 2022 to 2029. 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.     

Two Wheeler Lead Acid Batteries Market Scope and Segmentation

Market Definition

Lead acid batteries are the type of devices which are used in two wheeler vehicles for the storage of electricity. It can be used in an emergency or wherever the power supply connection is unavailable. Governments have initiated delivering subsidies to manufacture the low cost electric vehicles, which do not pollute the environment.

Two Wheeler Lead Acid Batteries Market Dynamics

Drivers

• Increasing Traffic Congestion and High price of Gasoline

The extensive use of two wheelers in developing countries create many problems so  tackle with the problems such as poor condition of roads in rural areas, traffic congestion, high gasoline prices are all the major factor which are expected to drive the growth of the two wheeler lead acid batteries market during forecast period.

• Increasing demand of electric vehicle

The rising preference for electric scooters is anticipated to drive the market's growth during the forecast period of 2022-2029. The deficiency of efficient public transport is compelling the consumers to use motorcycle and scooters for daily commute.

• Strategic collaboration and partnerships

The manufacturers of lead acid batteries are concentrating on increasing the sales by improving the safety and performance of these batteries. They are also focussing on partnerships and collaborations to increase their facilities, which are expected to drive market growth.

Also, rapid urbanization, growing traffic congestion and fluctuation in the prices of the gasoline along with increasing cost of vehicle are some of the major factors expected to enhance the growth of the two wheeler lead acid batteries market.

Opportunities

• Rising investment in electric vehicle market

The rising investment in electric vehicle market due to the high demand of two-wheelers in developing nations has led to adoption of two-wheeler lead acid batteries in forthcoming period. For Instance: According to Avenue Capitals, In India, electric vehicle (EV) market is expected to be Rs 50,000 crore (US$ 7.09 billion) opportunity by 2025 for two- and three-wheeler vehicle and expected to create beneficial opportunities for the market growth rate.

Moreover, emerging new markets and rise in strategic collaborations will; also act as market drivers and further increase the immense opportunities for the market’s growth rate. Also, the surging technological advancement will increase new market opportunities for growth of the two wheeler lead acid batteries market.

Restraints/ Challenges

• Increasing risk of battery explosion 

High incidence of lead acid battery explosions in vehicles, mines and quarries and stationary and mobile plants. Increase the demand for lithium-ion batteries, which are expected to hamper the sale of the two wheeler lead acid batteries and obstruct the market's growth rate.

This two wheeler lead acid batteries 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 two wheeler lead acid batteries market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Two Wheeler Lead Acid Batteries Market

The automotive sector showed sharp declines in the production and sales of two wheeler lead acid batteries due to the outbreak of COVID-19 pandemic. Governments imposed global lockdowns to curb the widespread pandemic, and several manufacturers had to suspend operations temporarily. It has also led to long lead times and decrease the production rate of two wheeler lead acid batteries, even after the complete lifting of pandemic-related restrictions. On the other hand, This pandemic will have a negligible impact on the medium to long-term growth of the two wheeler lead acid batteries market due to the demand of electric vehicles and luxury vehicles, especially in emerging markets,

Recent Development

• In June 2020, Koyo Canada, a subsidiary of automotive technology company JTEKT had acquired assets of a Nova Scotia-based research and development facility that KSR International formerly owned.

Global Two Wheeler Lead Acid Batteries Market Scope

The two wheeler lead acid batteries market is segmented on the basis of capacity, technology, two wheeler, battery type and sales channel. 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.

Capacity

• Less than 5 AH
• 5 AH to 10 AH
• 10 AH to 20 AH
• Above 20 A

 Technology

• I.C. Engine
• Up to 150 CC
• 151-300 CC
• 301-500 CC
• Above 500 CC
• Electric

 Two Wheeler

• Motorcycles
• Standard
• Cruisers
• Sports
• Mopeds
• Electric
• Scooter
• Standard
• Maxi
• Enclosed
• Three-wheeled
• Electric

 Battery Type

• VRLA Batteries
• Flooded

 Sales Channel

• OEMs
• Aftermarket

Two Wheeler Lead Acid Batteries Market Regional Analysis/Insights

The two wheeler lead acid batteries market is analysed and market size insights and trends are provided by country, capacity, technology, two wheeler, battery type and sales channel as referenced above.

The countries covered in the two wheeler lead acid batteries market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

Asia-Pacific dominates the two wheeler lead acid batteries market during the forecast period. This is due to the growing preferences towards two wheeler along with the fluctuation in the prices of traffic congestion and gasoline in this region.

North America is anticipated to be the fastest developing regions due to the Increasing sales of electric vehicles and expanding e-commerce industry 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.   

Competitive Landscape and Two Wheeler Lead Acid Batteries Market Share Analysis

The two wheeler lead acid batteries 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 two wheeler lead acid batteries market.

Some of the major players operating in the two wheeler lead acid batteries market are:

• 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)