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

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geogr...
Post a Comment
Read more

Frozen Fruits Market Size, Key Players, Growth Factors, Regions and Applications, Industry Forecast by 2032

 The Frozen Fruits Market has witnessed remarkable growth in recent years, driven by consumers' increasing preference for convenient and nutritious food options. Frozen fruits have become a popular choice among health-conscious individuals and busy households, offering a quick and easy way to incorporate the goodness of fruits into daily meals, smoothies, and desserts. These fruits are picked at the peak of ripeness and flash-frozen to lock in their natural flavors and nutritional value, making them a tasty and nutritious choice year-round. One of the key factors propelling the growth of the Frozen Fruits Market is the rising awareness of the health benefits associated with frozen fruits. They are often nutritionally comparable to fresh fruits, as freezing preserves vitamins and minerals. Additionally, frozen fruits are free from artificial preservatives or additives, making them an attractive option for those seeking a natural and wholesome diet. Their long shelf li...
Post a Comment
Read more

Kelp Market Future Trends, Industry Size and Forecast to 2032

 The kelp market is experiencing significant growth and is poised to become a prominent player in the global food and agriculture industry. Kelp, a type of large brown seaweed, offers a wide range of benefits and applications, driving its increasing demand across various sectors. First and foremost, the nutritional value of kelp makes it highly sought after. Packed with essential vitamins, minerals, and antioxidants, kelp offers a nutrient-rich addition to diets around the world. It is particularly valued for its high iodine content, which is vital for thyroid function and overall health. Additionally, kelp is a good source of fiber, calcium, iron, and other essential nutrients, making it a valuable ingredient for health-conscious consumers and dietary supplement manufacturers. The culinary world has also embraced the versatility of kelp. With its umami flavor and unique texture, kelp has become a popular ingredient in various cuisines. It is used in the preparation...
Post a Comment
Read more