Global Motorcycle Battery Market growing at a CAGR of 3.9% from 2023 to 2030
Category : Automotive Services | Published Date : Jun 2023
Key Market Overview
The Global Motorcycle Battery Market was valued at USD 7,402.93 Million in 2022 and is expected to register a compound annual growth rate of 3.9% to reach USD 9,988.58 Million in 2030.
The report highlights the increasing adoption of motorcycle batteries in motorcycles, sports bike, scooter, and electric bike. Consegic Business Intelligence provides an inclusive research report on the motorcycle battery market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Motorcycle Battery Market By Overview
The report analyses significant segments such as type, vehicle type, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of lithium-ion batteries in motorcycles and electric bikes among others. Moreover, the deployment of lead-acid batteries in motorcycles, owing to its lower cost and range of benefits including large current capability, tolerance to overcharging, and others is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Rising production of two wheelers is driving the market growth.
- Growing popularity of sports bike is spurring the market growth of motorcycle batteries.
Restraints:
- Limitations associated with the technology of the batteries is restraining the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Lithium-ion Battery and Lead Acid Battery |
| By Vehicle Type | Motorcycle, Sports Bike, Scooter, and Electric Bike |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global motorcycle battery market is highly competitive due to the presence of major players such as KOYO BATTERY CO. LTD, GS Yuasa International Ltd., BS BATTERY, Leoch International Technology Limited Inc., Robert Bosch LLC, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in motorcycle battery market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- KOYO BATTERY Co. Ltd.
- GS Yuasa International Ltd.
- Batterie Unibat
- BS BATTERY
- Leoch International Technology Limited Inc.
- Exide Technologies
- Robert Bosch LLC
- DYNAVOLT TECH Co Ltd.
- SF Batteries
- Johnson Controls