Two Wheeler Lead Acid Batteries Market Growth Outlook Through 2024-2033

Overview and Scope
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.

Sizing and Forecast
The two-wheeler lead acid batteries market size has grown strongly in recent years. It will grow from $4.77 billion in 2023 to $5.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. 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 $6.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. 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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Segmentation & Regional Insights
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

Asia-Pacific was the largest region in the two-wheeler lead acid batteries market in 2023. 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.

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Major Driver Impacting Market Growth
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 November 2021, according to the Urban Transport Group, a UK-based transport organization, e-bike sales in Europe are expected to increase from 3.7 million in 2020 to 17 million by 2030. Therefore, the rising demand for electric bikes is driving the growth of the two-wheeler lead-acid battery market.

Key Industry Players
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

The two wheeler lead acid batteries market report table of contents includes:

1. Executive Summary
2. Two Wheeler Lead Acid Batteries Market Characteristics
3. Two Wheeler Lead Acid Batteries Market Trends And Strategies
4. Two Wheeler Lead Acid Batteries Market – Macro Economic Scenario
5. Global Two Wheeler Lead Acid Batteries Market Size and Growth
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32. Global Two Wheeler Lead Acid Batteries Market Competitive Benchmarking
33. Global Two Wheeler Lead Acid Batteries Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Two Wheeler Lead Acid Batteries Market
35. Two Wheeler Lead Acid Batteries Market Future Outlook and Potential Analysis
36. Appendix

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