Skip to main content

Motorcycle Lead Acid Battery Market to Garner Brimming Revenues by 2032

 The motorcycle lead acid battery market is expected to grow from US$ 5,256.93 Mn in 2022 to US$ 8,686.11 Mn by 2032. The sales of motorcycle lead acid batteries is expected to rise at a CAGR of 5.15% during 2022-2032.

The demand for motorcycle lead acid batteries is increasing in electric, hybrid, light, and heavy motor vehicles, which is a key element fueling the market's expansion. The sales of motorcycle lead acid batteries are also expected to increase between 2022 and 2032 as a result of factors like the growing population, rising disposable income, expanding government agencies, and strict pollution emission restrictions.

Since governments have started to offer incentives for the creation of affordable electric automobiles that do not hurt the environment, it is predicted that sales of motorcycle lead acid batteries would increase. As a consequence, makers of motorcycle lead acid batteries are expected to see several potential prospects over the forecast period. Rising cost-competitive energy storage options, quick technical breakthroughs, and telecom sector expansion are expected to raise motorcycle lead acid battery market share throughout the forecast period.

The advantages of lead-acid batteries over lithium-ion batteries, as well as the increased demand for two-wheelers, are important factors driving the growth of the motorcycle lead acid battery market. However, the motorcycle lead acid battery market's expansion is hampered by revenue loss and brand reputation harm caused by counterfeit products. The development of moldable batteries and battery modifications, on the other hand, is likely to fuel demand for motorcycle batteries.

Factors such as OEMs losing revenue and brand reputation due to counterfeit products are anticipated to hamper the growth of the motorcycle lead acid battery market. Furthermore, the cost advantage of lead-acid batteries over lithium-ion batteries will greatly drive sales of motorcycle lead acid battery throughout the projected period.

Key Takeaways from Market Study

  • During the projected period, motorcycles are anticipated to dominate the market for lead acid batteries for motorcycles.
  • In 2022, the motorbike category represented a sizeable percentage of the market.
  • The growth of the two-wheeler industry is anticipated to quickly increase demand for motorbike batteries throughout the anticipated timeframe.
  • The rapid use of electric vehicles in China, India, South Korea, and other Asian countries has increased demand for motorcycle lead acid batteries. For example, electric scooters and motorcycles have completely dominated the two-wheeler market.
  • The motorbike lead acid battery market is dominated by North America, which holds the second-largest share. The growth of the motorcycle lead acid battery market is anticipated to be significantly influenced by the developed industrial sector in the U.S.
  • The Asia Pacific region is likely to be the most prominent and lucrative area in the global motorcycle lead acid battery market due to growing motorbike demand in countries such as India and China.

“The global motorcycle lead acid battery market has evolved with strong competitiveness due to changes in customer tastes throughout time. As a result, market participants are focusing their efforts on new product development, expanding geographically, building partnerships with supporting firms, and investing in long-term contracts.” -FMI Analyst

For More Info@ https://www.futuremarketinsights.com/reports/motorcycle-lead-acid-battery-market

Competitive Landscape

The global motorcycle lead acid battery market is highly fragmented, with several competitors owning just a small portion of the market. The motorcycle lead acid battery market is expected to be dominated by a few prominent producers, including GS Yuasa Corporation, Exide Industries Ltd, Hitachi Chemical Company Ltd., and EnerSys.

Developments in the Motorcycle lead acid battery Market:

  • EnerSys announced an additional US$ 100 million investment in Thin Plate Pure Lead (TPPL) manufacture on June 11, 2019, with the goal of increasing capacity by 15% over the next three years. The firm intends to increase its TPPL earnings by more than $500 million per year with this investment.
  • Daramic LLC, a leading manufacturer of polyethylene (PE) battery separators used in lead acid batteries, said on September 18, 2018, that it will expand its production unit in France by 15%.

Comments

Post a Comment

Popular posts from this blog

Sales of Commercial Aircraft Video Surveillance Systems to Decelerate in 2020 as COVID 19 Pandemic Takes its Toll on Global Market

  Market Introduction Future Market Insights, in its recent study on the  Commercial Aircraft Video Surveillance Systems market,  offers a detailed value-volume analysis of the Commercial Aircraft Video Surveillance Systems market on the basis of various segments such as product type, application, aircraft type, assembly and region. In terms of product type, cabin surveillance systems is projected to be a lucrative segment in terms of growth opportunities and are mostly being installed in the line fit assembly applications in the commercial aircraft video surveillance systems. To Get the Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5202 There has been significant growth in the number of freighter planes due to expanding e-commerce and pharmaceutical sectors and outperforming global trade growth. From a macroeconomic point of view, demand for commercial aircrafts is anticipated to more than double in the next two decade...
1 comment
Read more

Automotive Battery Management System Market : Technological Growth Map over Time

  Automotive Battery Management System Market is estimated to reach US$ 15.3 Bn by the end of 2029 In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth. According to a new research report published by Future Market Insights (FMI), the  automotive battery management system market  is estimated to reach US$ 15.31 Bn by the end of 2029.  “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.” Key Takeaways of Automotive Battery Management Sys...
Post a Comment
Read more

Medical Gloves Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

 The medical gloves market has witnessed significant growth and evolution, especially in recent years, due to the global healthcare challenges, including the COVID-19 pandemic. Medical gloves are crucial protective equipment used by healthcare professionals to prevent the transmission of infections, maintain hygiene standards, and ensure the safety of both patients and medical personnel. This market encompasses a wide range of glove types, including latex, nitrile, vinyl, and others, each with its unique features and applications. One of the key drivers of the medical gloves market is the increasing focus on infection prevention and control in healthcare settings. The heightened awareness of the importance of hand hygiene, especially in the wake of the pandemic, has led to a surge in demand for medical gloves worldwide. Healthcare facilities, including hospitals, clinics, and laboratories, require a steady and reliable supply of gloves to maintain safety protocols an...
Post a Comment
Read more