Global Motorcycle Lead Acid Battery Market Size, Trends and Growth Opportunity, By Type (Standard, Cruisers, Sports, Mopeds, Electric), Sales Channel (OEMs, Aftermarket), Product Type (Valve regulated lead acid battery (VRLA) Battery, Flooded Lead-Acid (FLA), Absorbed Glass Mat (AGM), Vented Battery, Other Battery) By Region and forecast till 2027.
Report ID : IR1001128 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 240
Global Motorcycle Lead Acid Battery Market Size, Trends and Growth Opportunity, By Type (Standard, Cruisers, Sports, Mopeds, Electric), Sales Channel (OEMs, Aftermarket), Product Type (Valve regulated lead acid battery (VRLA) Battery, Flooded Lead-Acid (FLA), Absorbed Glass Mat (AGM), Vented Battery, Other Battery) By Region and forecast till 2027.
Global Motorcycle Lead Acid Battery Market
Global Motorcycle Lead Acid Battery Market was valued at USD 2.42 billion in 2021 and is slated to reach at USD 3.10 billion by 2027 at a CAGR of 4.9 % from 2022-2027.
Motorcycle lead acid batteries are the type of electricity storage devices found in motorcycles. The lead acid battery contains electrodes of lead metal (Pb) and lead oxide (PbO2) in a sulfuric acid electrolyte (H2SO4). It can be used in an emergency or when the power supply line is down.
Market Drivers
The widespread use of motorcycles in developing countries causes a slew of issues, including poor rural roads, traffic congestion, and high gasoline prices. As a result, dealing with these issues raises the demand for lead acid batteries. These batteries have efficiencies ranging between 80 and 85%. This is significant because it enables the battery to charge more quickly. This will be a major factor driving market growth during the forecast period. The Absorbed Glass Mat (AGM) battery contributes significantly to the global motorcycle lead acid battery market. AGM is a valve-regulated lead acid battery that uses a built-in valve to recombine oxygen and hydrogen within the sealed battery and excess released gas. These batteries are typically used in two-wheelers because they offer numerous advantages over other battery types, including low maintenance, shorter recharge times, only 1-3% self-discharge per month, the highest power density, the best performance in low temperatures, and 80-90% round trip efficiency. As a result, all of these factors drive up demand for absorbed glass mat (AGM) batteries and accelerate market growth.
Market Restraints
Low-cost options in the energy storage space, as well as rising safety concerns about battery usage, are some of the major factors limiting market growth. The rising popularity of electric vehicles, combined with the limited usage capacity of lead acid batteries, will pose additional challenges to market growth during the forecast period.
Impact of COVID-19
Electric motorcycles are plug-in electric vehicles with two or three wheels. This bike has two or three wheels, a battery, and an electric motor, and it is used for commuting, long-distance travel, and cruising. Electric motorcycles are two-wheeled vehicles powered by an electric motor that include electric bikes, electric mopeds, electric bicycles, and electric scooters. These bikes are built for higher speeds, with improved high-speed handling and acceleration. The increasing investment in vehicle charging infrastructure, as well as the adoption of green vehicles, has resulted in the growth of the electric motorcycle market. Falling battery prices and global oil reserves are two of the factors driving the rapid adoption of electric motorcycles. However, the COVID-19 pandemic has spread throughout the world, slowing the global economy. Manufacturing companies have lost revenue as a result of the lockdowns, and they are now focusing on reducing operational costs, minimizing risks, and maximizing revenues in order to survive in the market. The automotive industry is one of the industries that has been severely impacted by the pandemic's spread.
Recent Developments
EnerSys announced an additional $100 million investment in Thin Plate Pure Lead (TPPL) manufacturing in 2019 to increase capacity by 15% over the next three years. The corporation hopes to increase its TPPL profit by more than $500 million per year with this investment.
Market Segmentation
Global Motorcycle Lead Acid Battery Market is segmented into By Type, Sales Channel, Product Type. By Type such as Standard, Cruisers, Sports, Mopeds, Electric. By Sales Channel such as OEMs, Aftermarket. By Product Type such as Valve regulated lead acid battery (VRLA) Battery, Flooded Lead-Acid (FLA), Absorbed Glass Mat (AGM), Vented Battery, Other Battery.
Regional Analysis
Global Motorcycle Lead Acid Battery Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. In terms of revenue growth, Asia-Pacific dominates the motorcycle lead acid battery market. This is due primarily to increased motorcycle production and expanded data centre infrastructure. Furthermore, an increase in renewable energy generation targets, rising two-wheeler ownership, and increasing government stringent regulations and subsidiaries regarding pollution emission will likely boost market growth in this region. Because of advancements in lead acid battery manufacturing processes in the region, North America is expected to be the fastest developing region during the forecast period of 2022-2027. Furthermore, the growing telecom industry, combined with increased oil and gas related activity as a result of the shale gas boom, will likely drive market growth in this region.
Key Players
This report includes a list of numerous Key Players, namely KOYO BATTERY CO., LTD (China), Robert Bosch GmbH (Germany), GS Yuasa International Ltd (Japan), EXIDE INDUSTRIES LTD (India), Battery Tender (U.S.), Camel Group Co., Ltd (China), Reem Batteries & Power Appliances Co. SAOC (Dubai), Saft (France), C&D TECHNOLOGIES, INC. (U.S.), Panasonic Corporation (Japan).
Market Taxonomy
By Type
• Standard
• Cruisers
• Sports
• Mopeds
• Electric
By Sales Channel
• OEMs
• Aftermarket
By Product Type
• Valve regulated lead acid battery (VRLA) Battery
• Flooded Lead-Acid (FLA)
• Absorbed Glass Mat (AGM)
• Vented Battery
• Other Battery
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Motorcycle Lead Acid Battery Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Motorcycle Lead Acid Battery Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Motorcycle Lead Acid Battery Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Motorcycle Lead Acid Battery Market Share Analysis, By Type
5.3 Global Motorcycle Lead Acid Battery Market Size and Forecast, By Type
5.3.1 Standard
5.3.2 Cruisers
5.3.3 Sports
5.3.4 Mopeds
5.3.5 Electric
6 Global Motorcycle Lead Acid Battery Market, By Sales Channel
6.1 Y-o-Y Growth Comparison, By Sales Channel
6.2 Global Motorcycle Lead Acid Battery Market Share Analysis, By Sales Channel
6.3 Global Motorcycle Lead Acid Battery Market Size and Forecast, By Sales Channel
6.3.1 OEMs
6.3.2 Aftermarket
7 Global Motorcycle Lead Acid Battery Market, By Product Type
7.1 Y-o-Y Growth Comparison, By Product Type
7.2 Global Motorcycle Lead Acid Battery Market Share Analysis, By Product Type
7.3 Global Motorcycle Lead Acid Battery Market Size and Forecast, By Product Type
7.3.1 Valve regulated lead acid battery (VRLA) Battery
7.3.2 Flooded Lead-Acid (FLA)
7.3.3 Absorbed Glass Mat (AGM)
7.3.4 Vented Battery
7.3.5 Other Battery
8 Global Motorcycle Lead Acid Battery Market, By Region
8.1 Global Motorcycle Lead Acid Battery Market Share Analysis, By Region
8.2 Global Motorcycle Lead Acid Battery Market Share Analysis, By Region
8.3 Global Motorcycle Lead Acid Battery Market Size and Forecast, By Region
9 North America Motorcycle Lead Acid Battery Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Motorcycle Lead Acid Battery Market Share Analysis, By Type
9.3 North America Motorcycle Lead Acid Battery Market Size and Forecast, By Product Type
9.4 North America Motorcycle Lead Acid Battery Market Size and Forecast, By Sales Channel
9.5 North America Motorcycle Lead Acid Battery Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeMotorcycle Lead Acid Battery Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Motorcycle Lead Acid Battery Market Share Analysis, By Type
10.3 Europe Motorcycle Lead Acid Battery Market Size and Forecast, By Product Type
10.4 Europe Motorcycle Lead Acid Battery Market Size and Forecast, By Sales Channel
10.5 Europe Motorcycle Lead Acid Battery Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11Asia Pacific Motorcycle Lead Acid Battery Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Motorcycle Lead Acid Battery Market Share Analysis, By Type
11.3 Asia Pacific Motorcycle Lead Acid Battery Market Size and Forecast, By Product Type
11.4 Asia Pacific Motorcycle Lead Acid Battery Market Size and Forecast, By Sales Channel
11.5 Asia Pacific Motorcycle Lead Acid Battery Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Motorcycle Lead Acid Battery Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Motorcycle Lead Acid Battery Market Share Analysis, By Type
12.3 Latin America Motorcycle Lead Acid Battery Market Size and Forecast, By Product Type
12.4 Latin America Motorcycle Lead Acid Battery Market Size and Forecast, By Sales Channel
12.5 Latin America Motorcycle Lead Acid Battery Market Size and Forecast, Country
12.5.1. Brazil
12.5.2.Rest of Latin America
13Middle East Motorcycle Lead Acid Battery Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Motorcycle Lead Acid Battery Market Share Analysis, By Type
13.3 Middle East Motorcycle Lead Acid Battery Market Size and Forecast, By Product Type
13.4 Middle East Motorcycle Lead Acid Battery Market Size and Forecast, By Sales Channel
13.5 Middle East Motorcycle Lead Acid Battery Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 KOYO BATTERY CO., LTD (China)
15.1.1 Overview
15.1.2 Products
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. GS Yuasa International Ltd (Japan)
15.2.1 Overview
15.2.2 Products
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
12.2.6 Key Strategies
15.3. Robert Bosch GmbH (Germany),
15.3.1 Overview
15.3.2 Products
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 EXIDE INDUSTRIES LTD (India)
15.4.1 Overview
15.4.2 Products
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Battery Tender (U.S.)
15.5.1 Overview
15.5.2 Products
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Camel Group Co., Ltd (China)
15.6.1 Overview
15.6.2 Products
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Reem Batteries & Power Appliances Co. SAOC (Dubai)
15.7.1 Overview
15.7.2 Products
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Saft (France)
15.8.1 Overview
15.8.2 Products
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 C&D TECHNOLOGIES, INC. (U.S.)
15.9.1 Overview
15.9.2 Products
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Panasonic Corporation (Japan)
15.10.1 Overview
15.10.2 Products
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies