Motorcycle Lead Acid Battery Market
2019 Analysis and Review of Motorcycle Lead Acid Battery Market by Vehicle Type - Motorcycles and Scooters for 2019 - 2027
- 2020-01-16
- REP-GB-10908
- 73 Tables
- 61 Figures
- 96 pages
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Press Release:
Motorcycle Lead Acid Battery Market Scenario
Motorcycle Lead Acid Battery Market Value to Hit US$ 7 Bn Mark in 2027
Increasing sales of two-wheelers – motorcycles, scooters, and mopeds – worldwide, remains a key factor boosting the growth of the motorcycle lead acid battery market. As the sustainability trend continues to grow, automakers are focusing on e-mobility and development of tech-advanced motorcycles, which is expected to drive the sales of motorcycle lead acid batteries. Exhibiting a healthy CAGR of 5.6%, the global motorcycle lead acid battery market will reach a valuation of nearly US$ 7 Bn by 2027 end.
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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.
What is the degree of competition in the motorcycle lead acid battery market?
A major share of the motorcycle lead acid battery market is estimated to be held by a handful of prominent players such as GS Yuasa Corporation, Exide Industries Ltd, Hitachi Chemical Company Ltd., and EnerSys. The aftersales channel is estimated to be comparatively fragmented as compared to OEMs due to the presence of local players.
Which region will lead the global sales of motorcycle lead acid batteries?
Asia Pacific remains the vanguard of the motorcycle lead acid battery market, with China and India accounting for a great share of the motorcycle fleet. As two-wheelers are the most viable transport option for people aged between 16-25 years in these regions, players in the motorcycle lead acid battery market can gain substantial profits by targeting tourist-driven countries such as Indonesia, Malaysia, and Vietnam.
AGM & Other Batteries to Outperform Flooded Batteries by 2026
Accounting for over 50% share of total revenue, flooded batteries currently define manufacturers’ bottom lines. While they have been the conventional power source, flooded batteries are expected to lose their market share to absorbent glass mat (AGM) and other batteries, as they require regular maintenance. Considering their high impact resistance, easy installation, and lightweight attributes, demand for AGM and other batteries is witnessing an increasing share in market revenue, and will surpass traditional battery versions towards the end of the forecast period. Further, rising prominence of vehicle electrification, especially in developed regions, is fueling demand for AGM and other batteries, thereby boosting the growth of the motorcycle lead acid battery market.
APAC Continues to Engage Stakeholders
The booming two-wheeler sector would be the key factor shaping the motorcycle lead acid battery market, in both, developed and developing regions, throughout the opportune time. Accounting for over 80% revenue share, the market in Asia Pacific (APAC) continues to offer lucrative growth prospects to market players. China and India are spearheading the regional market, owing to surging production of motorcycles as well as increasing ownership of two-wheelers as a means of commute.
* This data is only a representation. Actual data may vary and will be available in report.
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2029
A Step towards Sustainable Future
In an effort to achieve legal compliance, manufacturers of motorcycle lead acid batteries should fixate on recycling process for used batteries. The US Environmental Protection Agency (EPA) estimates that, around 80% of lead and plastic used in new batteries are recyclable. America Battery Recyclers, for instance, has recycled over 15 billion pounds of battery residues, as of now. The plastic used in lead acid batteries is usually polypropylene, which is easily recyclable.
Aftermarket sales to take lead
Sales via OEMs to pick pace
Flooded batteries account for significant share
AGM & Other Batteries to gain rapid traction
High adoption in motorcycles
Increasing rate of application in scooters
How Growth will Unfold
At present, the use of motorcycle lead acid batteries all over the world accounts for over half of total sales in motorcycles. In 2018, motorcycle lead acid batteries worth US$ 2.3 Bn were sold for motorcycle applications. However, their adoption in scooters is likely to exceed that in motorcycles during the latter half of the projection period. This study reveals that, the application of motorcycle lead acid batteries in scooters will witness a notable spike in 2025.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Motorcycle Lead Acid Battery MarketAnalysis 2019-2027
A recent market study published by FMI on the motorcycle lead acid battery market includes global industry analysis for 2013-2018 and opportunity assessment for 2019-2027, and delivers a comprehensive assessment of the most important market dynamics. Our analysts conduct thorough research on historical as well as current growth parameters of the market to obtain growth prospects with maximum precision.
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
What's Included
The report initiates with the executive summary of the motorcycle lead acid battery market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the motorcycle lead acid battery market.
In this chapter, readers can find the definition and a detailed taxonomy of the motorcycle lead acid battery market, which will help them understand the basic information about the motorcycle lead acid battery market. Along with this, comprehensive information about motorcycle lead acid battery is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the motorcycle lead acid battery market report.
The motorcycle lead acid battery market report provides key market trends that are expected to significantly impact market growth during the forecast period. Detailed industry trends are provided in this section.
This section includes key successful factors and strategies adopted by key market participants.
This section explains the global market value analysis and forecast for the motorcycle lead acid battery market for the forecast period of 2019-2027. This chapter includes a detailed analysis of the historical motorcycle lead acid battery market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2027). Along with this, pricing analysis of the motorcycle lead acid battery market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the motorcycle lead acid battery market in the forecast period of 2019-2027.
This chapter explains key macro-economic factors that are expected to influence the growth of the motorcycle lead acid battery market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis for the motorcycle lead acid battery market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on type, the motorcycle lead acid battery market is segmented into motorcycle and scooter. In this chapter, readers can find information about the key trends and developments in the motorcycle lead acid battery market and market attractiveness analysis based on type.
This chapter provides details about the motorcycle lead acid battery market based on sales channel and has been classified into OEM and Aftermarket.
This chapter explains how the motorcycle lead acid battery market will grow across various geographic regions such as North America, Latin America, Europe, APAC, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America motorcycle lead acid battery market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on application and countries in North America.
This chapter provides the growth scenario of the motorcycle lead acid battery market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Important growth prospects of the motorcycle lead acid battery market based on its end users in several countries such as Germany, France, the U.K., Spain, Italy, Russia, NORDICS, and the Rest of Europe are included in this chapter.
This chapter highlights the growth of the motorcycle lead acid battery market in APAC. This section also helps readers understand the key factors that are responsible for the growth of the motorcycle lead acid battery market in APAC.
This chapter provides information about how the motorcycle lead acid battery market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, North Africa, and the Rest of MEA, during the forecast period of 2019-2027.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the motorcycle lead acid battery market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the motorcycle lead acid battery market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are GS Yuasa International Ltd, Exide Industries Ltd, Bosch Limited, Leoch International Technology Limited Inc., Camel Group Co., Ltd., and EnerSys among others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the motorcycle lead acid battery market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the motorcycle lead acid battery market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Publications
- Industry Associations
- OICA
- International Trade Association
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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