This Two Wheeler Battery market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Two Wheeler Battery market.
Two-wheeler Battery Market: Introduction
A battery is a group of electric cells that can produce a direct current by converting chemical energy into electrical energy. The battery in a two-wheeler serves various purposes. Apart from the general self-starter application, the batteries in two wheelers are also used for operating components, such as headlights, side indicators, tail lights, horns and other electric components. Environment friendly vehicles, such as electric and solar vehicles, also require a battery for their operation. The battery used in electric vehicles is of higher voltage than the battery used in conventional vehicles. With growing environmental regulations regarding exhaust emission from vehicles, the demand for electric vehicles is rising at a significant pace. Electric power is a cleaner and cheaper source of energy in comparison to conventional fuels. Electric power also helps in reducing CO2 emission. Increasing demand for light weight vehicles will promote the demand for lithium-ion batteries due to their small size and lesser weight. Increasing overall two-wheeler demand is expected to propel the demand for two-wheeler batteries during the forecast period
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Growing urbanization in developing countries is expected to be the key driver for the growth of the two wheeler market and will influence the market of two-wheeler batteries positively. Growing population and increasing demand for transportation are the two factors expected to drive the demand for two wheelers and in turn, two-wheeler batters. Two wheelers, being the fastest mode of commute, are a rapidly growing segment, especially in the middle-class category. Increasing traffic congestion and environmental pollution are expected to further propel the demand for two wheelers as well as two-wheeler batteries during the forecast period. Inconvenient public transport in most of the regions is one of the key reasons responsible for the growth of the two-wheeler battery market. However, improper maintenance of a battery can lead to battery failure or shortening of its life. This particular factor is expected to drive the aftermarket sales channel in the two-wheeler battery market.
Increasing competition will lead to new innovations, which is expected to be a key challenge for the manufacturers operating in the two-wheeler battery market. Growing threat of cheap products from China is also expected to be a restraining factor among the global players in the two-wheeler battery market.
Increasing focus on the application of lithium ion batteries in two wheelers with high energy demand, such as vehicles equipped with ABS (anti-lock brake system) and MSC (motorcycle stability control), is an ongoing trend in the market.
Two-wheeler Battery Market: Segment
The global two wheeler battery market can be segmented on the basis of battery type, vehicle type, voltage, chemical composition and sales channel.
Two-wheeler Battery Market: Regional Outlook
Increasing technical innovation as well as growing demand for electric bikes in various regions across the globe is expected to fuel the demand for two-wheeler batteries during the forecast period. Increasing preference for two wheelers in high traffic regions is expected to further drive demand in the two-wheeler battery market over the coming years. Asia pacific is expected to dominate the market of two-wheeler batteries owing to its large population. Stringent norms and regulations regarding emission exhaust in the countries of North America and Europe are expected to propel the demand for electric two wheelers. Cheap and convenient motorcycles are overtaking the passenger cars segment in the countries of Latin America and will fuel the demand for two wheeler batteries.
Two-wheeler Battery Market: Key Participants
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
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On the basis of battery type, the global two wheeler battery market can be segmented into:
- Wet cell batteries
- Dry cell batteries
- Gel motorcycle batteries
On the basis of vehicle type, the global two wheeler battery market can be segmented into:
By chemical composition type, the global two wheeler battery market can be segmented into:
- Lead acid battery
- Lithium ion battery
By voltage type, the global two wheeler battery market can be segmented into:
- 6 Volt
- 12 Volt
By sales channel type, the global two wheeler battery market can be segmented into:
- Original Equipment Manufacturer (OEM)
Examples of some of the market participants identified across the value chain of the global two wheeler battery market include:
- TATA AutoComp GY Batteries Pvt. Ltd.
- Hero Eco
- Solance Batteries
- Silver Battery Manufacture
- Gem Batteries.
- GREENMAX SYSTEMS
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Two Wheeler Battery Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Two Wheeler Battery Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Two Wheeler Battery Market report?
In addition to up-to-date market figures and customized of the Two Wheeler Battery Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.