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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Scope Of Motorcycle Lead Acid Battery Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Motorcycle Lead Acid Battery Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the motorcycle lead acid battery market are developing battery interlayers to improve performance and safety. Motorcycle batteries that incorporate battery interlayers may achieve more significant safety requirements, improved performance, and longer life, making electric and hybrid motorcycles more reliable and enticing to riders. For instance, in October 2023, Maryland Energy Innovative Institute, a US-based research institute, developed an innovative battery interlayer. The technology involves using an Mg16Bi84 interlayer at the Li anode and an F-rich interlayer on NMC811 cathodes in all-solid-state lithium-metal batteries. These interlayers suppress dendrite growth, reduce interfacial resistance, and stabilize cathodes, enabling high energy density and fast charging at low stack pressures.
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
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Motorcycle Lead Acid Battery Market Report Structure
3. Motorcycle Lead Acid Battery Market Trends And Strategies
4. Motorcycle Lead Acid Battery Market – Macro Economic Scenario
5. Motorcycle Lead Acid Battery Market Size And Growth
…..
27. Motorcycle Lead Acid Battery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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