two wheeler lead acid batteries market size, two wheeler lead acid batteries market share, two wheeler lead acid batteries market analysis, two wheeler lead acid batteries market trends, two wheeler lead acid batteries market drivers, two wheeler lead acid batteries market segments
How much is the two wheeler lead acid batteries market worth, and how is it expected to expand?
The two wheeler lead acid batteries market size has grown strongly in recent years. It will grow from $5.11 billion in 2024 to $5.5 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increasing disposable income, increased sales of electric bicycles, growth in motorcycle production, growth in the number of two-wheeler rental services, and increasing use of motorcycles for last-mile delivery.
The two wheeler lead acid batteries market size is expected to see strong growth in the next few years. It will grow to $7.31 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing two-wheeler sales, increasing urbanization, rising disposable incomes, increasing government incentives for electric vehicles, and rising demand for scooters. Major trends in the forecast period include electric vehicles, advancements in lead-acid battery technology, integration with smart technologies, hybrid technologies, and fast charging capabilities.
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Which industry factors have accelerated the two wheeler lead acid batteries market’s expansion?
The rising demand for electric bikes is expected to propel the growth of the two-wheeler lead-acid batteries market going forward. Electric bikes, or e-bikes, are bicycles equipped with an integrated electric motor that assists in propulsion. These bikes typically have a rechargeable battery that powers the motor, providing varying levels of assistance to the rider’s pedaling efforts. The demand for electric bikes is due to their convenience, environmental benefits, and technological advancements, offering assisted propulsion through an integrated electric motor and rechargeable battery. Two-wheeler lead-acid batteries are used in electric bikes to store electrical energy, enabling them to help the rider’s pedaling efforts or power the entire propulsion system in specific e-bike models. For instance, in December 2023, according to the Office of Energy Efficiency and Renewable Energy, a US-based government agency, in 2022, e-bike sales in the United States surpassed one million units. Therefore, the rising demand for electric bikes is driving the growth of the two-wheeler lead-acid battery market.
What are the primary segments of the two wheeler lead acid batteries market?
The two wheeler lead acid batteries market covered in this report is segmented –
1) By Type: Valve Regulated Lead Acid (VRLA) Batteries, Flooded
2) By Capacity: Less Than 5 Ampere Hour, 5 Ampere Hour To 10 Ampere Hour, 10 Ampere Hour To 20 Ampere Hour, Above 20 Ampere Hour
3) By Technology: Internal Combustion (IC) Engine, Electric
4) By Two Wheeler: Motorcycles, Scooters
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Valve Regulated Lead Acid (VRLA) Batteries: Absorbent Glass Mat VRLA Batteries, Gel VRLA Batteries
2) By Flooded: Conventional Flooded Lead Acid Batteries, Maintenance-Free Flooded Lead Acid Batteries
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Which firms are leading the two wheeler lead acid batteries market?
Major companies operating in the two wheeler lead acid batteries market are Clarios LLC, Chaowei Power Holdings Limited, EnerSys Inc., EAST PENN Manufacturing Co. Inc., Camel Group Co. Ltd., Exide Industries Ltd., Amara Raja Batteries Limited, Saft Groupe SA., Sebang Global Battery Co. Ltd., FIAMM Group., C&D TECHNOLOGIES INC., Trojan Battery Company, NorthStar Battery, Hankook Atlasbx Co. Ltd., CSB Battery Company Inc., First National Battery, Battery Tender, Robert Bosch GmbH, GS Yuasa International Ltd., Banner GmbH & Co. KG, Unibat Batteries, BS Battery SRL., Koyo Battery Co. Ltd., Leoch Batteries India Private Limited
Which market trends are set to define the future of the two wheeler lead acid batteries market?
Major companies operating in the two-wheeler lead-acid batteries market are focused on developing innovative products, such as lithium batteries, to enhance performance and sustainability. Lithium batteries, or lithium-ion batteries (Li-ion), are rechargeable and utilize lithium ions for their high energy density, lightweight properties, and extended lifespan, making them essential for portable electronics, electric vehicles (EVs), and energy storage systems. For instance, in January 2024, Ipower Batteries Private Ltd., an Indian-based battery manufacturer, launched graphene-series lead-acid batteries in India. These batteries are noted for their improved energy efficiency, faster charging times, longer lifespan, and enhanced resilience to deep discharges compared to traditional lead-acid batteries. Graphene’s properties also contribute to better thermal management and reduced weight, making them a promising advancement in battery technology for various applications, including automotive and renewable energy storage.
Which geographic trends are shaping the two wheeler lead acid batteries market, and which region has the highest market share?
Asia-Pacific was the largest region in the two-wheeler lead acid batteries market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the two wheeler lead acid batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Two Wheeler Lead Acid Batteries Market Report 2025 Offer?
The two wheeler lead acid batteries market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Two-wheeler lead-acid batteries are rechargeable batteries explicitly made to power two-wheeled vehicles such as motorcycles, scooters, and other two-wheeled vehicles. These batteries utilize lead plates submerged in an electrolyte solution to store electrical energy and are used to power the vehicle’s ignition system, lights, and other electrical components.
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