Two Wheeler Lead Acid Batteries Market Size to Expand 1.8X by 2029
Amidst the rise in private vehicle ownership, traffic congestion has become an inescapable condition, with metropolitan areas at the forefront. To reduce their commute time, customers, especially the working class, are increasingly turning to two wheelers. Additionally, cost inflation of gasoline and natural gas is bolstering the adoption of two wheelers that offer better fuel efficiency versus four wheelers. Growing at a healthy rate, the global revenue pool of the two wheeler lead acid batteries market will expand 1.8X from 2019 to 2029.
Frequently Asked Questions about Two Wheeler Lead Acid Batteries Market
Which region will lead the global sales of two wheeler lead acid batteries?
South Asia remains in the forefront, due to increasing sales of motorcycles and existing large fleet. Motorcycles are highly preferred in the said region, owing to traffic congestion in metropolitan cities, condition of roads in rural areas, and gasoline price volatility.
What is the degree of competition in the two wheeler lead acid batteries market?
The two wheeler lead acid batteries market has several market participants, and market is fragmented in nature. In the current scenario, market participants such as Tianneng Battery Group Co., Ltd., GS Yuasa, and Chaowei Power Holdings Limited hold a prominent share of the total revenue.
Which are the key factors that will influence the growth of two wheeler lead acid batteries market over the forecast period?
The two wheeler lead acid batteries market is influenced by various significant factors such as automotive industry forecasts, inefficient public transport in metropolitan cities, urbanization trend, traffic congestion, rise in fuel prices, and growing cost of vehicles.
Which market dynamics will affect the growth of the two wheeler lead acid batteries market?
Traffic congestion is considered to be a key factor responsible for the adoption of motorcycles by consumers. This, in turn, is anticipated to contribute to the growth of the global motorcycle lead acid batteries market in the coming years. Moreover, owing to increasing disposable incomes in rural areas and lack of well-established public transport systems, the demand for motorcycles and scooters has increased considerably, thereby supporting the growth of the two wheeler lead acid batteries market.
What are the key success factors for two wheeler lead acid batteries market?
Focus on online sales channels, optimum pricing offerings to sustain market share, strong customer relationships, and new variations of product offerings at frequent intervals are key success factors for market participants to gain competitive advantage.
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.
Demand for batteries with capacity above 20 AH stay high
Batteries with capacity less than 5 AH to see increasing sales
Scooters hold leading adoption share
Adoption in motorcycles on gradual dip
VRLA batteries remain highly preferable
Flooded batteries to falter markedly
Significant sales via aftermarket
Distribution through OEMs to stagger
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.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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A recent market study published by FMI on the two wheeler lead acid batteries market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the two wheeler lead acid batteries market, the growth prospects of the market are obtained with maximum precision.
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
The report initiates with the executive summary of the two wheeler lead acid batteries market, which includes a summary of key findings and statistics of the market. It also includes the demand-side & supply-side trends about the two wheeler lead acid batteries market.
Readers can find the definition and a detailed taxonomy of the two wheeler lead acid batteries market in this chapter, which will help them understand basic information about the market. Along with this, comprehensive information pertaining to two wheeler lead acid batteries is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the two wheeler lead acid batteries market report.
This chapter also explains the key macro-economic factors that are expected to influence the growth of the Two Wheeler Lead Acid Batteries 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 Two Wheeler Lead Acid Batteries market.
The two wheeler lead acid batteries 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 the factors that have emerged as key successful factors and strategies adopted by key market participants.
This section explains the global market volume analysis and forecast for the two wheeler lead acid battery market in the forecast period of 2019-2029.
This section provides the pricing analysis for two wheeler lead acid batteries on the basis of product type segment
This section explains the global market value analysis or market size and forecast for the pallet pooling services market in the forecast period of 2019-2029. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029).
This chapter explains key macro-economic factors that are expected to influence the growth of the two wheeler lead acid batteries market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain and forecast factors for the two wheeler 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 end use, the two wheeler lead acid batteries market is segmented into standard and scooter. In this chapter, readers can find information about the key trends and developments in the two wheeler lead acid batteries market and market attractiveness analysis based on two wheelers.
This chapter provides details about the two wheeler lead acid battery market based on technology, and has been classified into I.C. engine and electric. In this chapter, readers can understand the market attractive analysis based on technology.
Based on capacity, the two wheeler lead acid batteries market is segmented into less than 5 ah, 5ah to 10ah, 10ah to 20ah, above 20ah. In this chapter, readers can find information about the key trends and developments in the two wheeler lead acid batteries market and market attractiveness analysis based on capacity
Based on sales channel, the two wheeler lead acid batteries market is segmented into OEM and aftermarket. In this chapter, readers can find information about key trends and developments in the Two Wheeler Lead Acid Batteries market and market attractiveness analysis based on sales channel.
This chapter provides details about the Two Wheeler Lead Acid Batteries market based on the battery type, and has been classified into VRLA batteries, and flooded batteries. In this chapter, readers can understand the market attractiveness analysis based on battery type.
This chapter explains how the two wheeler lead acid batteries market will grow across several geographic regions such as North America, Latin America, Europe, East Asia, South Asia Pacific and Middle East & Africa
This chapter includes a detailed analysis of the growth of the North America two wheeler lead acid batteries 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 two wheeler lead acid batteries market in Latin America 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 two wheeler lead acid batteries market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, and the Rest of Europe are included in this chapter.
This chapter highlights the growth of the two wheeler lead acid batteries market in South Asia Pacific by focusing on India, Thailand, Malaysia, and rest of South Asia Pacific. This section also helps readers understand the key factors that are responsible for the growth of the Two Wheeler Lead Acid Batteries market in South Asia & Pacific.
Important growth prospects of the two wheeler lead acid batteries market based on its end users in several countries such as China, Japan and South Korea are included in this chapter
This chapter highlights the growth of the two wheeler lead acid batteries market in Middle East & Africa by focusing on GCC Countries, Turkey, northern Africa, South Africa and rest of MEA. This section also helps readers understand the key factors that are responsible for the growth of the two wheeler lead acid batteries market in MEA.
Important growth prospects of the two wheeler lead acid batteries market for the key emerging countries such as India and Vietnam are included in this chapter
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the two wheeler lead acid batteries 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 two wheeler lead acid batteries 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 Banner Batteries, Dynavolt Renewable Energy Technology Co., Ltd, Tianneng Power International Ltd, Leoch International Technology Limited Inc., Batterie Unibat, EnerSys Inc., Chaowei Power Holdings Limited, Southern Batteries Pvt. Ltd., BS-BATTERY, KOYO BATTERY, Robert Bosch Gmbh, GS Yuasa Corporation, Exide Industries Ltd, Battery Tender, Camel Group Co., Ltd among others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the two wheeler lead acid batteries market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the two wheeler lead acid batteries market.
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