Market Overview:

The global Motorcycle Battery Market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are the increase in demand for motorcycles which further drives the market for motorcycle batteries.

The motorcycle battery market is concerned with storage of electrical energy by motorbike batteries. Alterable chemical interaction between the lead and acid contained in battery stores electrical energy. A motorcycle battery is made up of multiple cells housed in a Plastic casing. Each cell is made up of a set of positive and negative plates that are submerged in an electrolyte, which is a diluted sulphuric acid solution. Primary goal of batteries is to enable SLI (starting, lighting, and ignition). In the case of an electric motorcycle, batteries must also be powerful enough to power onboard electronics and entire propulsion system, resulting in rise of motorcycle battery industry.

Major Factors Driving Growth Of The Global Motorcycle Battery Market:

The increased number of motorbikes on the road is one of the primary reasons driving the global Motorcycle Battery Market. The market’s growth is influenced by enormous rise of two-wheeler segment of the automotive industry. Global adoption of electric vehicles, as well as manufacturers’ increased investment in research and development, are driving up battery demand. Furthermore, the governments of several nations throughout the world subsidize battery makers for electric vehicles because they emit less pollution. Furthermore, battery advancements utilizing semiconductor devices such as sensors and supercapacitors are expected to extend battery life, boosting the demand for motorcycle batteries.

Factors Restraining Growth Of The Global Motorcycle Battery Market:

The global Motorcycle Battery Market growth is substantially hampered by several factors like the loss of income and brand reputation caused by counterfeit products. Price volatility in market due to presence of key players overseas further impedes growth of the market.

Opportunities For Players Operating In The Global Motorcycle Battery Market:

Focus on the development of moldable batteries and constantly upgrading batteries are factors that are expected to continue to open up lucrative business opportunities for key players and new entrants in the market.

Global Motorcycle Battery Market Leading Battery Type Segment:

Based on the battery type segment, the Lithium-Ion Battery segment is expected to reach the highest revenue share over the forecast period. Lithium-ion batteries are becoming more popular due to their excellent resistance to self-discharge. Because the self-discharge of lithium-ion batteries is ten times lower than that of normal lead-acid batteries, they can hold a charge for several months. The immersion of lead plates in sulfuric acid generates sulfates which cause lead-acid batteries to lose their effectiveness over time. As a result of its ability to survive dramatic changes in the environment, the demand for lithium motorbike batteries will rise.

Asia Pacific Accounts For Largest Revenue Share In Global Motorcycle Battery Market:

The Asia Pacific emerged as the largest market in Motorcycle Battery Market with the largest revenue share in 2020.  Revenue growth in the Asia Pacific is mainly attributed to the motorbike battery market in this region is fuelled by rising economic standards and individual living standards. Aside from an expansion in the number of automobile manufacturing businesses, the market will be driven by foreign automakers entering emerging markets like India and China throughout the projected period. Furthermore, market is expected to be driven by the region’s high passenger car production and rapid expansion of automotive sector in countries such as South Korea, China, and India.

Asia Pacific Continues To Lead In Terms Of Revenue CAGR In Global Motorcycle Battery Market:

Asia Pacific Motorcycle Battery Market is expected to register the fastest growth in CAGR over the forecast period. The introduction of electric cars and their widespread adoption in China, India, South Korea, and other Asian countries has sparked a need for motorbike lead-acid batteries. Electric scooters and electric motorcycles, for example, have dominated two-wheeler market. Furthermore, China’s intention to replace all petrol/diesel-powered vehicles with electric vehicles by 2025 has considerably increased the selling of electric scooters and motorcycles. These are the factors that drive growth of Motorcycle Battery Market in this region.

Major Companies Profiled In The Report:

  • GS Yuasa International
  • Exide Technologies
  • ENERSY
  • BS-Battery
  • Batterie Unibat
  • Bosch
  • DELTRAN BATTERY TENDER
  • DYNAVOLT
  • Johnson Controls
  • KOYO BATTERY
  • Leoch Battery
  • Southern Batteries

Strategies And Objectives Of Major Companies:

  • In October 2018, Amara Raja Batteries and Johnson Controls have struck a collaboration agreement to deliver a new wave of battery technologies to India. The two firms are working together to develop the country's battery technology. Automobiles now have sophisticated consumer features and stricter emission norms due to enhanced flooded batteries (EFB) and absorbent Glass Mat (AGM) batteries.
  • In April 2019, Honda, Kawasaki, Suzuki, and Yamaha, four of Japan's largest motorcycle manufacturers, stated that they would collaborate to standardize battery swapping technology for electric motorcycles. This is a huge step forward by the industry leaders, and it will be critical in developing consumer confidence in electric motorcycles, especially because Honda is a member of the group.
  • GS Yuasa and NTT Com will create AI Technology to detect early signs of failure in Storage Battery Systems, thus, contributing to the sevelopment of safe, secure, and stable infrastructure for a Carbon-Neutral Society.

What Our Report Provides And Why Our Offering Is Better:

This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.

Detailed Segmentation In Our Report:

For the purpose of this report, the global Motorcycle Battery Market is segmented on the basis of type, vehicle type, build type, and region:

Type Outlook (Revenue, USD Billion; 2018-2028)

Vehicle Type Outlook (Revenue, USD Billion; 2018-2028)

  • Motorcycle
  • Scooter
  • Sports Bike
  • Electric Bike

Build Type Outlook (Revenue, USD Billion; 2018-2028)

  • SLI Battery
  • AGM Battery
  • Lithium Battery

Region Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa

Some points on how the report benefits stakeholders:

  • The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
  • Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
  • The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
  • The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
  • Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
  • The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.

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