- The rising adoption of electric two-wheelers, particularly in developing economies, is propelling the demand for lead acid batteries due to their cost-effectiveness, reliability, and ease of recyclability compared to other battery types
- However, increasing concerns over environmental pollution and the growing shift toward lithium-ion batteries are limiting the growth potential of the two-wheeler lead acid battery market, especially in regions with stringent emission norms
- Asia-Pacific dominates the global two-wheeler lead acid batteries market with market share 32.45% due to high two-wheeler sales, extensive usage in rural and semi-urban areas, and the presence of key battery manufacturers in countries like China and India
- For instance, In June 2024, Exide Industries, a key player in India’s battery sector, manufactures a wide range of lead acid storage batteries for automotive, industrial, and institutional use. Incorporated in 1947, the company is headquartered in Kolkata and operates 10 manufacturing units and 3 lead recycling plants across India. With a global presence in over 60 countries, Exide continues to innovate in energy storage solutions while supporting critical infrastructure and driving sustainable growth.
- Globally, lead acid batteries in two-wheelers play a crucial role in powering entry-level and budget-friendly vehicles, contributing significantly to personal mobility, especially in emerging markets with dense populations and limited public transport infrastructure.
