Categories: Market Research

Motorcycle Lead Acid Battery Market Demand And Industry Trends 2024 Report

Overview and Scope
A motorcycle lead acid battery is a rechargeable battery used in motorcycles to provide the electrical power needed for starting the engine and running the vehicle’s electrical systems. These batteries are known for their reliability and cost-effectiveness. They come in various sizes and capacities to match different motorcycle models and requirements.

Sizing and Forecast
The motorcycle lead acid battery market size has grown strongly in recent years. It will grow from $5.06 billion in 2023 to $5.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growing urbanization, increasing consumer awareness and education, growth of ride-sharing and delivery services, increasing electrification of motorcycle fleets for public, and growth in the charging infrastructure.

The motorcycle lead acid battery market size is expected to see strong growth in the next few years. It will grow to $6.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing focus on improving the energy density and power density, introduction of battery leasing programs for consumers, use of lead acid batteries in conjunction with renewable energy sources, high replacement rates for lead acid batteries in motorcycles, and establishment of battery swapping stations. Major trends in the forecast period include innovations in sealing technologies, adoption of greener manufacturing processes, development of safety features, nanotechnology applications, and advanced thermal management systems.

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The motorcycle lead acid battery market covered in this report is segmented –

1) By Product Type: Valve Regulated Lead Acid Battery (VRLA) Battery, Flooded Lead-Acid (FLA), Absorbed Glass Mat (AGM), Vented Battery, Other Product Types
2) By Technology: Internal Combustion Engine (ICE), Hybrid, Electric
3) By Sales Channel: Original Equipment Manufacturers (OEMs), Aftermarket

North America was the largest region in the motorcycle lead acid battery market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the motorcycle lead acid battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The increasing demand for two-wheeled EV motor vehicles is expected to propel the growth of the motorcycle lead acid battery market going forward. A two-wheeled motor vehicle, also known as a motorcycle or motorbike, is a motorized vehicle designed to travel on two wheels. The increasing demand for two-wheelers is rising due to affordability, fuel efficiency, ease of navigation in urban congestion, and flexibility in urban and rural settings. Lead-acid batteries benefit two-wheeled electric vehicles by offering a cost-effective, durable, and reliable energy storage solution. For instance, according to the Society Of Manufacturers Of Electric Vehicles, an India-based association representing Indian manufacturers of electric vehicles (EV), in 2021-2022, the number of electric two-wheeler sales was 2,52,641, which rose to 7,28,054 in 2022-2023. Therefore, the increasing demand for two-wheeled motor vehicles drives the motorcycle lead acid battery market growth.

Key Industry Players

Major companies operating in the motorcycle lead acid battery market are Panasonic Holdings Corporation, Johnson Controls International plc, Clarios International Inc., Chaowei Power Holdings Limited, GS Yuasa Corporation, EnerSys, East Penn Manufacturing Co., Exide Industries Limited, Leoch Leoch International Technology Limited, The Amara Raja Group (Amaron), Shuangdeng Group Co Ltd , Coslight Technology International Group Ltd., Trojan Battery Company LLC, Power Sonic Corporation, HBL Power Systems Limited, Mutlu Battery and Materials Industry Inc., Hawker Powersource Inc., FIAMM Energy Technology S.p.A., MK Battery International, CSB Energy Technology Co. Ltd., EverExceed Industrial Co. Ltd., Thai Energy Storage Technology PLC, C&D Technologies Inc., Deltran USA LLC, HAZE Power Company Ltd.

The motorcycle lead acid battery market report table of contents includes:

1. Executive Summary

2. Motorcycle Lead Acid Battery Market Characteristics

3. Motorcycle Lead Acid Battery Market Trends And Strategies

4. Motorcycle Lead Acid Battery Market – Macro Economic Scenario

5. Global Motorcycle Lead Acid Battery Market Size and Growth

…..

32. Global Motorcycle Lead Acid Battery Market Competitive Benchmarking

33. Global Motorcycle Lead Acid Battery Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Motorcycle Lead Acid Battery Market

35. Motorcycle Lead Acid Battery Market Future Outlook and Potential Analysis

36. Appendix