VRLA Batteries Will Maintain Lead
Compared to conventional flooded batteries, valve-regulated lead–acid (VRLA) batteries are relatively safer and reliable, as well as deliver longer service life. As these batteries enclose dry cells for power transfer, unlike conventional batteries, they require minimum check-ups and maintenance throughout their serving period. Such benefits are making VRLA batteries a favored option among OEMs and end users alike. Over the decade ahead, VRLA batteries will exhibit a growth rate twice that of flooded batteries.
China’s Market to Hit US$ 4 Bn in 2029
Asia would remain the hub of value-creation opportunities in the global two wheeler lead acid batteries market, driven by large-scale production of two wheelers in China and Japan. While India leads the pack in the global motorcycles industry, Vietnam, Indonesia, and Malaysia top the list in two wheeler rider rate. These factors are influencing market players to continue allocating their resources to Asia. This study further reveals that, the two wheeler lead acid batteries market in China would attain a valuation of around US$ 4 Bn by 2029.
Recreational Activities to Offer Impetus to Market Progress
Customers, especially millennials, in developed regions, are significantly indulging in recreational activities such as country-side riding, and thus, prefer two wheelers with high engine capacity. This theme is sweeping across the globe, thereby propelling the growth of two wheeler rental services at tourism spots.
Moreover, the trend of micro-mobility, globally, is propelling the sales of compact two wheelers. Scooters are outperforming conventional motorcycles, given their straightforward handling and better stability. Consequently, these trends will steer the current growth surge in the two wheeler lead acid batteries market in the near term.
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How Growth will Unfold
Conventionally, manufacturers have been generating sustainable returns from internal combustion (IC) engines. By 2024, two wheeler lead acid batteries worth around US$ 3 Bn would be equipped in IC engines. However, the price hike of IC engine vehicles coupled with rising emission norms are influencing the automotive industry to surge the production of electric vehicles. Consequently, market players are prompt in shifting their capital allocation towards electric vehicle transmission in order to preclude themselves from profit warnings.
TWO WHEELER LEAD ACID BATTERIES MARKET TAXONOMY
The global two wheeler lead acid batteries market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
- Less than 5 AH
- 5 AH to 10 AH
- 10 AH to 20 AH
- Above 20 AH
- I.C. Engine
- Up to 150 CC
- 151 -300 CC
- 301 -500 CC
- Above 500 CC
- VRLA Batteries
- North America
- Latin America
- South Asia Pacific
- East Asia
- Middle East & Africa