The global Motorcycle Lead Acid Battery market size was estimated at USD 5.1 billion in 2023 and is projected to reach USD 7.2 billion in 2030 at a CAGR of 5.2% during the forecast period 2023-2030.
Batteries hold immense importance in the functioning of a vehicle, specifically in the areas of ignition, starting, and lighting. Furthermore, the global motorcycle lead acid battery market has observed a noteworthy surge in popularity due to the shift towards battery-powered vehicles, such as motorcycles.
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The existing outbreak of the COVID-19 pandemic has had a profound impact on the expansion of the lead acid battery market. The pandemic has exerted a substantial influence on the global market as manufacturers have been compelled to shutter their operations due to the pandemic, resulting in supply and procurement disruptions within the market.
Key Findings:
On the basis of type, the market, which has been divided into flooded and Valve-Regulated Lead Acid (VRLA) segments, has been observed to have a greater focus on the former due to its cost-effectiveness and longer discharge cycle. As a result of this, the flooded segment has been widely implemented in stationary applications.
On the basis of application, the primary factor that has resulted in the augmentation of the demand for SLI batteries is the escalating necessity for such batteries that are utilized in the power starters, illumination systems, and ignition mechanisms of vehicles or internal combustion engines, which are expected to operate for an extended duration whilst providing high-quality performance and being cost-effective.
On the basis of vehicle type, the segment that pertains to motorcycles was able to acquire a considerable xx% share of the market in the year 2022. The expansion of this particular segment can be ascribed to several factors, such as the escalating purchasing capability of the consumers and the surging desire for bikes that are both stylish and appealing to the eye.
Recent Developments
- In January 2022, Recyclus opened the first lead acid battery recycling plant in England. The Tipton facility is expected to increase Recyclus' production capacity for recycling lead acid batteries from an estimated 16,000 tons in the first full year of production to approximately 80,000 tons by 2027.
- In June 2021, EnerSys announced that it invested more than USD 100 million in new capital for the upcoming three years to grow its Thin Plate Pure Lead (TPPL) capacity, with a projected growth of 15%. Both initiatives collectively upgraded TPPL capacity by more than USD 500 million/year.
Competitive Landscape
· Banner
· DYNAVOLT Power
· Tianneng rechargeable battery manufacturers
· leoch International Technology Limited Inc,
· Manbat Ltd T/A SYBS
· ENERSYS.
· Chaowei Power Holdings Ltd and more.
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Asia Pacific to Dominate the Market
- The Asia Pacific is currently dominating the lead acid battery market share, with its major contributors being China, India, Japan, South Korea, and Australia, the key players in this market.
- The growth of this particular region can be attributed to several factors, such as the high production and sales of automobiles, the rapid industrialization, the population growth, and the increasing demand for uninterruptible power supply (UPS) systems.
The Motorcycle Lead Acid Battery Market Segmentation:
Based on Type
· Standard
· Cruisers
· Sports
Based on the Sales Channel
· OEMs
· Aftermarket
Based on the Product Type
· Valve regulated lead acid battery (VRLA) Battery
· Flooded Lead-Acid (FLA)
· Absorbed Glass Mat (AGM)
· Vented Battery
· Other Battery
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Frequently Asked Questions
· What are the years considered to study Motorcycle Lead Acid Battery Market?
· What is the compound annual growth rate (CAGR) of the Motorcycle Lead Acid Battery Market?
· Which region holds the largest market share in Motorcycle Lead Acid Battery Market?
· Which region is the fastest growing in Motorcycle Lead Acid Battery Market?
· Who are the major players in Motorcycle Lead Acid Battery Market?
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