Primarily used in motorcycles, absorbent glass mat (AGM) batteries are gaining significant traction in the global market due to their properties such as swift recharge and high voltage capability.
Motorcycles are experiencing a significant surge in demand in regions such as North America and Europe, while Asia Pacific has always been a region with high demand. As such, the demand for motorcycle lead acid batteries such as AGM is expected to rapidly increase over the forecast period. The global motorcycle lead acid battery market is projected expand at a CAGR of 5.6% during the forecast period of 2019-2027.
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Key Takeaways of Motorcycle Lead Acid Battery Study
- Increasing electrification and modification in motorcycles has driven the requirement for more powerful batteries. This has led to increasing preference for AGM batteries in Europe and North America.
- Increasing production of electric motorcycles and rising number of motorcycles are driving new orders and contracts related to lead acid batteries.
- With improvements in the economy, automobile sales are booming, which is boding well for the SLI (starting, lighting, and ignition) lead acid batteries, since these are the preferred choice for powering internal combustion engine-based automobiles.
- Since the motorcycle lead acid battery market is demand-driven, growth depends on customer preferences and sentiments across all regions. India, China, and South East Asian countries are expected to hold major market share in the coming years.
- Lead acid battery technology is facing stiff competition from alternative technologies that are being inculcated in batteries, such as lithium ion (Li-ion), zinc-air, and nickel metal hydride (Ni-MH).
The APAC motorcycle lead acid battery market is expected to offer the most opportunities, owing to increasing demand for motorcycles in countries such as China and India. Moreover, motorcycles are expected to be extensively utilized as a transport option across Africa, boosting the demand for motorcycle lead acid batteries at a rapid pace in the region.
Competitive Landscape
Key players involved in the motorcycle lead acid battery market include Bosch Limited, Banner Battery, Dynavolt Renewable Energy Technology Co., Ltd., Leoch International Technology Limited Inc., Chaowei Power, Deltran Battery Tender, Southern Batteries Pvt. Ltd., and Camel Group Co., Ltd. among others.
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MOTORCYCLE LEAD ACID BATTERY MARKET TAXONOMY
Motorcycle Lead Acid Battery Market: Segmentation
Vehicle Type
- Motorcycles
- Scooters
Sales Channel
- OEMs
- Aftermarket
Region
- North America
- Latin America
- Europe
- APAC
- MEA
Table Of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
- Market Overview
2.1. Introduction
2.2. Global Motorcycle Lead Acid Battery Market Taxonomy
2.3. Global Motorcycle Lead Acid Battery Market Definition
2.4. Global Motorcycle Lead Acid Battery Market Dynamics
2.5. Global Motorcycle Lead Acid Battery Market Size (US$ Mn & Volume (Units)) and Forecast, 2013-2027
2.6. Global Motorcycle Lead Acid Battery Market Y-o-Y Growth
2.7. Cost Structure
2.8. Macro-Economic Factors
2.8.1. Global Two Wheeler Industry outlook
2.9. Forecast Factors
2.10. Pricing Analysis
2.11. Value Chain
- Global Motorcycle Lead Acid Battery Market Sizing (US$ Mn & Volume (Units)) Analysis 2013–2018 and Forecast, 2019–2027
3.1. Global Motorcycle Lead Acid Battery Market Analysis 2013–2018 and Forecast 2019–2027, by Type
3.1.1. Introduction / Key Findings
3.1.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2013–2018
3.1.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2019–2027
3.1.3.1. Motorcycle
3.1.3.2. Scooter
3.2. Global Motorcycle Lead Acid Battery Market Analysis 2013–2018 and Forecast 2019–2027, by Sales Channel
3.2.1. Introduction / Key Findings
3.2.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel, 2013–2018
3.2.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Sales Channel, 2019–2027
3.2.3.1. OEM
3.2.3.2. Aftermarket
3.3. Global Motorcycle Lead Acid Battery Market Analysis 2013–2018 and Forecast 2019–2027, by Region
3.3.1. Introduction / Key Findings
3.3.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2013–2018
3.3.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2019–2027
3.3.3.1. North America
3.3.3.2. Latin America
3.3.3.3. Europe
3.3.3.4. Asia Pacific
3.3.3.5. MEA
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FREQUENTLY ASKED QUESTIONS ABOUT GLOBAL MOTORCYCLE LEAD ACID BATTERY MARKET
How will the motorcycle lead acid battery market fare in the future?
Lead acid batteries are installed in almost all motorcycles, thus making them an integral part of the sector, and strengthening their position in the global market. However, the prevalence of lithium-ion batteries in recent years could hinder the pace of growth of the motorcycle lead acid battery market by the end of the forecast period.
Will the declining prices of lead acid batteries affect the future trajectory of the motorcycle lead acid battery market?
The lead acid battery is a decade-old technology, which has entered into the maturity phase. Alternative solutions have started to emerge in the market, owing to which, the prices of lead acid batteries are declining. Yet, their volume consumption is estimated to remain significant due to their short life cycle and rising demand due to expanding motorcycle fleet.
Which application area holds potential growth opportunities for players in the motorcycle lead acid battery market?
Though the demand for motorcycles is expected to continue to influence the market, the growing demand for automatic scooters is anticipated to increase revenue for players in the motorcycle lead acid battery market.