The Motorcycle Lead Acid Battery Market is anticipated to rise from USD 5.4 billion in 2023, projected to surpass USD 9.1 billion by 2033. The demand for motorcycle lead acid batteries is projected to increase at a CAGR of 5.2% during the forecast period.
Lead acid batteries are devices used to store electricity in an emergency or when a power source link is unavailable. The sales of motorcycle lead acid batteries are projected to rise as governments have begun to grant incentives for producing low-cost electric cars that do not harm the environment. As a result, manufacturers are anticipated to witness numerous growth opportunities during the forecast period.
Rising demand for motorcycle lead acid batteries in electric, hybrid, light, and heavy vehicles is a critical factor driving the global market. Furthermore, factors like the rising population, disposable income of people, rising government subsidiaries and stringent regulations regarding pollution emissions are projected to drive the sales of motorcycle lead acid batteries during the forecast period.
Rising cost-competitive energy storage solutions, rising rapid technological advancements, and expansion in the telecom sector, and these factors are anticipated to boost the global market share during the forecast period.
The benefits of lead-acid batteries over lithium-ion batteries and the rise in demand for two-wheelers are major drivers influencing the growth of the motorcycle lead-acid battery market. However, revenue loss and brand reputation damage caused by counterfeit products impede the expansion of the global market. On the other hand, the development of moldable batteries and battery upgrades is estimated to drive demand in the motorbike battery industry.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.2% |
| Market Valuation (2023) | USD 5.4 billion |
| Market Valuation (2033) | USD 9.1 billion |
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Factors such as OEMs losing revenue and brand reputation due to counterfeit products are estimated to likely limit global market expansion. Furthermore, the cost advantage of lead-acid batteries over lithium-ion batteries is significantly driving the sales of motorcycle lead-acid batteries over the forecast period.
FMI experts analyzed the following drivers and restraints in the global market that are likely to aid in determining end goals and improving marketing tactics to acquire a competitive advantage.
Drivers of the Global Motorcycle Lead Acid Battery Market
Manufacturers Choice “Lithium-ion Batteries Vs Lead Acid batteries for Motorcycles.”
The energy density of lithium-ion batteries ranges from 90 Wh/kg to 120 Wh/kg, whereas lead-acid batteries have an energy density of 30 Wh/kg-40 Wh/kg. Lithium-ion batteries have a life cycle of five to fifteen times that of lead-acid batteries.
However, to compete in the battery industry, the price of lithium-ion batteries must be decreased further. However, the cost of lithium-ion batteries is rapidly declining due to their commercialization and adoption in EVs. Furthermore, due to this factor, the adoption of motorcycle lead acid batteries is anticipated to witness significant growth during the forecast period.
Battery costs fell from USD 1,000/kWh in 2008 to USD 485/kWh in 2012, according to the US Department of Energy (DOE). By 2020, the cost is predicted to fall to USD 300/kWh. Lead-acid battery prices were USD 150-USD 350/kWh in 2014, and this figure is projected to fall further. Motorcycles benefit from lead-acid batteries since the power-to-weight ratio determines performance. Due to this factor, the demand for motorcycle lead acid batteries is projected to rise by 2033.
OEMs Losing Revenue Share and Brand Reputation Due to Counterfeit Products.
The US government projected the worldwide market value of the counterfeit sector at USD 520 billion in 2020. China produced over 70% of the counterfeit items that reached the United States. In 2011, China was responsible for 73% of all bogus items entering Europe. Such items have an impact on the revenues and brand reputation of OEMs.
Furthermore, the safety of counterfeit batteries is a big issue that is anticipated to threaten manufacturers. A huge quantity of energy is crammed into a tiny space in the case of lithium-ion batteries, and lithium-ion is a highly reactive element.
These chemical reactions occur quicker at high temperatures, raising the temperature even higher. A burning lithium-ion battery may reach temperatures of 1,000°F-1,500°F in seconds. There have been several recalls of items owing to battery concerns. These practical insights on trends and challenges are likely to assist the motorcycle lead acid battery market.
Principal Consultant
The Development of Moldable Batteries Likely to Drive the Growth of The Global Motorcycle Lead Acid Battery Market
The high cost of lithium-ion is causing manufacturers to struggle to satisfy cost obstacles, while demand for sophisticated lead-acid technology is increasing rapidly. There are various advantages to using lead-acid batteries versus lithium-ion batteries. Compared to other battery chemistries, lead-acid battery chemistry creates the least heat, and these batteries are rechargeable.
The issue is fitting the battery inside the packaging area. Electriplast Corporation, a leader in conductive hybrid polymers, is redesigning lead-acid batteries to address this issue. The business has exhibited a prototype of a 12V lead-acid bipolar battery incorporating Electriplast plates.
Motorcycles are likely to dominate the global market by securing a share of 41.3% during the forecast period. The motorcycle category accounted for a sizable portion of the market in 2023. During the projected period, the expansion of the two-wheeler market is expected to drive up demand for motorcycle batteries at a quick rate.
Furthermore, the usage of two-wheelers for personal transportation is growing, and scooters are particularly popular. As a result, the scooter category is expected to grow rapidly throughout the projection period.
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| Country | United States |
|---|---|
| Market Value Share in 2023 | 14.7% |
| Country | Germany |
|---|---|
| Market Value Share in 2023 | 4.8% |
| Country | Japan |
|---|---|
| Market Value Share in 2023 | 6.1% |
| Country | Australia |
|---|---|
| Market Value Share in 2023 | 1.5% |
| Country | China |
|---|---|
| Market CAGR Value in 2023 | 5.8% |
| Country | India |
|---|---|
| Market CAGR Value in 2023 | 5.5% |
| Country | United Kingdom |
|---|---|
| Market CAGR Value in 2023 | 5.3% |
North America accounts for a larger share of the global market. The established industrial sector in the United States is expected to contribute to the global market. The existence of major vehicle manufacturers, such as Toyota, Ford Motor Company, General Motors, and Fiat Chrysler Automobiles, has increased the sales of motorcycle lead acid batteries.
Furthermore, the region's growing telecom industry, combined with increased oil and gas-related activity after the shale gas boom, has fuelled the need for power storage devices, driving up demand for motorcycle lead acid batteries.
Due to the increased motorcycle demand in countries such as India and China, the Asia-Pacific region is expected to be a lucrative global market. The region accounts for around 22.4% of global motorcycle sales and is estimated to enhance its market position in 2021 with a 5.15% increase in motorcycle sales. Furthermore, tremendous expansion in the car sector in Asian countries contributes significantly to the sales of motorbike lead acid batteries.
Furthermore, the emergence of electric cars and their quick acceptance in China, India, South Korea, and many other Asian nations has fuelled the demand for motorcycle lead acid batteries. Electric scooters and motorcycles, for example, have completely dominated the two-wheeler industry. Furthermore, China's intention to replace all gasoline and diesel cars with electric vehicles by 2032 has considerably increased the sale of electric scooters and bikes.
The startups entering the global market are putting their efforts into innovative waste management solutions, eco-friendly batteries for hazardous environments, and low recycling costs. These routes are crucial for entering new markets.
Furthermore, the unique combination of AGM and a specifically selected Lead alloy provides :
These batteries are sealed and maintenance-free, so they do not require water topping up or maintenance throughout their operational life.
For example, Z-Power Motorcycle Batteries are designed for extreme power output over a longer period and great cranking abilities to match contemporary generation criteria in motorcycles.
The global market is fragmented, with many competitors holding just a small fraction of the industry. Key manufacturers, such as GS Yuasa Corporation, Exide Industries Ltd, Hitachi Chemical Company Ltd., and EnerSys, are anticipated to have a significant part of the global market.
Due to the presence of local players, the aftersales channel is projected to be more fragmented than the OEM channel. For example, GS Yuasa is the world's first motorcycle battery seller, with USD 850 million in revenue in Japan and USD 1.5 billion in lead acid battery exports.
Latest Developments in the Motorcycle Lead Acid Battery Market
Due to changes in customer tastes, the global market is matured with significant competitiveness. As a result, market participants concentrate on new product development, increasing their geographic reach, forming alliances with supporting companies, and investing in long-term contracts.
Unorganized manufacturers account for 20-25% of India's automobile battery industry. Organized players advertise low-cost products with lower prices and shorter guarantee periods to compete with unorganized makers.
They are also growing their distribution network in semi-urban and rural areas, the most important sectors for unorganized companies because customer awareness and purchasing power are among the lowest. Many OEMs plan tubular battery launches in the neighboring E-rickshaw/electric three-wheeler industry.
Recycle Group Ltd
Recycle Group Ltd., a technology minerals-owned firm, inaugurated a new factory for recycling lead acid batteries in Tipton, England, in January 2022.
Tata AutoComp GY Batteries Limited
According to GS Yuasa Corporation, Tata AutoComp GY Batteries Limited, an equity-method associate of subsidiary GS Yuasa International Ltd., expects to boost its annual manufacturing capacity for motorcycle lead-acid batteries to 8.4 million units in December 2021. The goal is to expand its market share in India.
GS Yuasa Corporation
GS Yuasa Corporation announced the development of high-energy density technologies and extended lifecycles for silicon metal-based negative electrodes. Both of these characteristics have caused several problems in commercializing big batteries. Consequently, the energy density of batteries used in actual electric vehicles has been effectively enhanced by almost three times compared to standard lithium-ion batteries.
Amara Raja Batteries
Amara Raja Batteries and Johnson Controls have struck a partnership agreement to deliver innovative battery technology to India. The two firms are working together to develop their products. Enhanced flooded batteries (EFB) and absorbent glass mat (AGM) batteries enable advanced consumer features and tougher pollution rules in automobiles. -2018
Exide Industries Ltd
Exide Industries Ltd, India's largest manufacturer of lead acid storage batteries, and Leclanché, one of the world's leading energy storage solution companies, are estimated to collaborate to develop lithium-ion batteries and energy storage systems for India's electric vehicle market and grid-based applications. - 2018.
GS Yuasa and NTT Com
GS Yuasa and NTT Com created AI technology to detect early signs of failure in storage battery systems, contributing to developing safe, secure, and stable infrastructure for a carbon-neutral society.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Vehicle Type, Sales Channel, Region |
| Key Companies Profiled | GS Yuasa Corporation; Exide Industries Ltd; Hitachi Chemical Company Ltd.; EnerSys |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The United States, Japan, and China dominate the global market.
The market is forecast to register a CAGR of 5.2% through 2033.
From 2018 to 2022, the market grew at a CAGR of 4.9%.
Lithium-ion batteries are the current market trends.
The global market size is to reach USD 9.1 million by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 5.1. Motorcycles 5.2. Scooters 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 6.1. OEMs 6.2. Aftermarket 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. GS Yuasa Corporation 17.2. Exide Industries Ltd 17.3. Hitachi Chemical Company Ltd 17.4. EnerSys 17.5. Bosch Ltd. 17.6. Camel Group Co Ltd 17.7. Dynavolt Renewable Energy Technology 17.8. Banner Battery 17.9. Deltran Battery Tender 17.10. Chaowei Power Holdings Limited 18. Assumptions & Acronyms Used 19. Research Methodology
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Motorcycle Lead Acid Battery Market
