"Rapid Growth in Battery-powered Battery expected to uplift the Global Motorcycle Lead Acid Battery Market"
The global motorcycle lead acid battery market was valued at US$ 4,982.5 Mn in the year 2021 and expected to reach US$ 7,915.2 Mn by the year 2030, expanding at a CAGR of 5.3% during the forecast from 2023 to 2030.
Batteries are an important part of a vehicle while starting, ignition, and vehicle lighting. Moreover, with a paradigm shift towards battery powered vehicles and electric vehicles battery has gained prominent traction in the global automotive market. Motorcycles, scooters, and other two wheelers significantly contributors to the global automotive battery revenue. Several new battery technologies have invaded the market share, however lead acid battery hold the dominant position in the automotive battery market. Low cost, easily available, suitable for any type of vehicle, highly reliable & durable, and fit work in adverse conditions are some of its advantages that supports its dominant revenue share in the overall automotive battery market.
"Absorbed Glass Mat (AGM) dominated the Global Motorcycle Lead Acid Battery Market in 2018"
Absorbed Glass Mat (AGM) battery led the global motorcycle lead acid battery market with highest revenue share in 2021. AGM is a Valve-regulated lead acid battery that is so designed to recombine hydrogen and oxygen within the sealed battery and excess gas is released from a built-in valve. They are frequently used for two wheelers as they offer several benefits over other battery types such as shorter recharge time, low maintenance, only 1-3% self-discharge per month, best performance in low temperature, highest power density, and 80-90% round trip efficiency.
"The Asia Pacific Dominated the Global Motorcycle Lead Acid Battery Market in the year 2021 and seeks Opportunistic Growth during the Forecast Period"
The Asia Pacific projected as the dominating and most lucrative region in the global motorcycle lead acid battery market owing to rising demand for motorcycles in various countries such as India and China. The region represents around 22.4% of the global motorcycle sale and strengthen its market position in 2019 with a surge of 5.3% in motorcycle sales. In addition, significant growth in automobile sector in Asia countries contribute prominently towards the motorcycle lead acid battery demand.
Furthermore, introduction of electric powered vehicles and their rapid adoption across China, India, South Korea, and many other Asian countries have triggered the market for motorcycle lead acid battery. For instance, electric scooters, electric bikes, have captured the two wheelers market magnificently. Additionally, China’s plan to replace all the petrol/ diesel powered vehicles with electric-powered vehicles by 2025 has boosted the sale of electric scooters and bikes significantly.
Key Players & Competitive Landscape:
"The Global Motorcycle Lead Acid Battery Market is a Highly Competitive Market with Presence of Players"
The global motorcycle lead acid battery market is a matured market with high competition due to changes in consumer preferences over time. In the wake of same, market players are highly focused on new product development, expanding their geographic reach, building alliance with supporting players, and investment in long-term contracts.
List of Companies Covered:
Key Industry Development:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Motorcycle Lead Acid Battery market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Battery Type
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Vehicle Type
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Sales Channel
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
