NEWARK, Del: , Aug. 29, 2023 (GLOBE NEWSWIRE) -- The Motorcycle Lead Acid Battery Market is estimated to capture a valuation of US$ 5.4 Billion in 2023 and reach US$ 9.1 Billion by 2033. The global market is projected to increase at a CAGR of 5.2% during the forecast period.
Opportunities Bring Lucrative Growth in the Global Market
The global market presents various opportunities that upsurge development and growth. Emerging alternative battery technologies, including lithium-ion, have gained huge popularity globally. Some of the opportunities in the global market are as follows:
- Increasing Motorcycle Sales: The motorcycle sector is rapidly growing around the globe due to the increasing popularity of two-wheelers. Two-wheeler is the popular mode of transport that is raising the demand for motorcycle lead acid batteries.
- Aftermarket Customization: Aftermarket is gaining huge attraction in the global market to customize motors and bikes by adding electric components. The demand for lead acid batteries is suitable to deliver a high burst of energy and power.
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- Maintenance and Repair: Lead acid batteries are highly required for charging and checking the electrolyte level. Various service centers and battery dealers offer repair, replacement, and maintenance services, driving the market size.
- E-commerce and Online Sales: Online platforms are increasing how goods and services are sold. The manufacturers are offering many lead acid batteries to expand the market growth. Online sales help to boost sales by increasing accessibility for customers for better purchases.
- Technological Advancements: The increasing adoption of advanced technologies is improving better options and designing enhanced lead acid batteries to attract consumers. Manufacturers invest in research and development activities to increase the lifespan and efficiency of batteries. They offer different types, shapes, and sizes of batteries per consumers' requirements.
- Environment Sustainability: Growing concerns towards the environment impact increasing focus on sustainability. It involves various programs, including recycling programs to develop eco-friendly production processes.
- Export Opportunities: Manufacturers are designing advanced lead acid batteries to reach international markets. It helps them to reach relevant consumers and expand the global market.
Key Takeaways:
- The motorcycle lead acid battery market is estimated to register a CAGR of 5.2%, with a valuation of US$ 9.1 billion in 2033.
- The United States is anticipated to dominate the global market by securing a share of 14.7% during the forecast period.
- Germany is estimated to capture a share of 4.8% of the global market during the forecast period.
- With a share of 6.1%, Japan is estimated to drive the global market by 2033.
- Australia is estimated to register a share of 1.5% in the global market during the forecast period.
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How Are Key Players Adding Values in the Global Market?
The global market is highly competitive by the number of essential players worldwide. Key players innovate and improve new products by investing heavily in research and development activities. These players are adopting various marketing strategies such as mergers, acquisitions, partnerships, collaborations, and product launches.
Top Key Companies Profiled
- GS Yuasa Corporation
- Exide Industries Ltd
- Hitachi Chemical Company Ltd.
- EnerSys
Recent Developments in the Global Market are:
In 2021, Exide Technologies announced its newly launched product, lead acid batteries for motorcycles. These batteries provide electrical energy solutions for various applications.
Scope of Report
| Attribute | Details |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Motorcycle Lead Acid Battery Market by Category
By Vehicle Type:
- Motorcycles
- Scooters
By Sales Channel:
- OEMs
- Aftermarket
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
About the Automotive Division at Future Market Insights (FMI)
The automotive division of Future Market Insights (FMI) research offers a novel approach and innovative perspective in analyzing the automotive market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry.
Explore Wide-ranging Coverage of Future Market Insights Automotive Landscape:
Two-Wheeler Lead Acid Batteries Market Trends: Is to expand at a CAGR of 8.47% between 2023 and 2033, totaling around US$ 11,760 million by 2033.
Automotive Lead Acid Battery Market Share: Is expected to attain a valuation of US$ 28.24 billion in 2023. The market is projected to reach US$ 47 billion by 2033, expected to register a CAGR of 5.2% from 2023 to 2033.
Electric Vehicle Battery Market Size: Is set to strengthen its market hold at a promising CAGR of 8.5%, while it is forecast to hold a revenue of US$ 21,258.4 million by 2033.
Automotive Battery Management System Market Demand: is anticipated to rise from US$ 3.8 billion in 2023 to US$ 37.4 billion in 2033.
Zinc-Air Batteries Market Growth: is expected to increase at a CAGR of 5.7% during the forecast period. The zinc-air batteries market size is anticipated to rise from US$ 2.0 billion in 2023 to US$ 3.5 billion in 2033.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Type, Sales Channel and Region over the next 10-years.
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