Motorcycle Lead Acid Battery Market

2019 Analysis and Review of Motorcycle Lead Acid Battery Market by Vehicle Type - Motorcycles and Scooters for 2019 - 2027

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.

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.

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.

FREQUENTLY ASKED QUESTIONS ABOUT GLOBAL MOTORCYCLE LEAD ACID BATTERY MARKET

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.

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 

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Motorcycle Lead Acid Battery Market