Press release
๏ปฟMotorcycle Battery Market Estimated to Reach USD 12.15 Billion by 2030 | Rapid Growth Projected
Forecast Increase in Revenue:Motorcycle Battery Market size was valued at USD 8.99 Bn in 2023 and is expected to reach USD 12.15 Bn by 2030, at a CAGR of 4.4%.
Motorcycle Battery Market Overview:
The motorcycle battery market is primarily driven by the need for reliable power sources to start and sustain motorcycle engines. These batteries, typically 12-volt, come in various types such as lead-acid, AGM (Absorbent Glass Mat), and lithium-ion, each catering to different performance and maintenance needs. Lead-acid batteries are cost-effective and have been a staple in the industry, while AGM batteries offer maintenance-free operation, and lithium-ion batteries are favored for their lightweight and high performance. The evolving demands of modern motorcycles, which include advanced features like ABS and EFI, have intensified the need for high-quality batteries to ensure optimal performance and safety.
๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐๐ฎ๐ฌ๐ญ ๐ ๐๐ฅ๐ข๐๐ค ๐๐ฐ๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/76387/
Drivers in the Motorcycle Battery Market:
The motorcycle battery market is significantly driven by the rising demand for motorcycles, especially in emerging economies where they serve as a primary mode of transportation. This surge in demand is bolstered by the increasing popularity of electric motorcycles, which necessitate advanced battery technologies. Additionally, the expansion of e-commerce platforms has made a diverse range of motorcycle batteries more accessible to consumers. Government policies aimed at reducing carbon emissions and improving fuel efficiency further fuel the market's growth by promoting the adoption of cleaner and more efficient battery solutions.
Motorcycle Battery Market Trends:
One of the prominent trends in the motorcycle battery market is the growing adoption of lithium-ion batteries. Compared to traditional lead-acid batteries, lithium-ion batteries offer superior energy density, allowing motorcycles to achieve greater ranges without adding significant weight. This trend is closely tied to the increasing focus on sustainability and the adoption of electric motorcycles, which produce zero tailpipe emissions and contribute to reducing air pollution. Technological advancements have made lithium-ion batteries more affordable and safer, leading to their wider acceptance in the market. Governments are also playing a crucial role by providing incentives and implementing regulations that support the transition to electric vehicles and the integration of smart battery management systems.
๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/76387/
Motorcycle Battery Market Opportunities:
The motorcycle battery market presents several opportunities, particularly in the realm of electric motorcycles and advanced battery technologies. The shift towards electric vehicles (EVs) provides a significant opportunity for manufacturers to innovate and expand their product offerings. With governments offering incentives for EV adoption and infrastructure development, there is a growing demand for high-performance lithium-ion batteries. Additionally, the regulatory push for improved recycling and waste management of batteries opens avenues for companies to develop more sustainable and eco-friendly solutions. Investments in research and development to enhance battery performance and safety also offer promising growth prospects.
What is Motorcycle Battery Market Regional Insight?
In 2023, the Asia-Pacific region emerged as the dominant player in the motorcycle battery market, a trend expected to continue in the coming years. This dominance is largely attributed to the high volume of motorcycle production and consumption in countries like China and India, which have a strong cultural affinity for motorcycles. The shift towards electric motorcycles in this region is driven by increasing environmental awareness, government incentives, and technological advancements. Countries within Asia-Pacific are actively promoting electric mobility to combat air pollution and greenhouse gas emissions, thereby driving the demand for advanced battery technologies. Supportive policies, subsidies, and investments in EV infrastructure further bolster the region's position in the global motorcycle battery market.
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐๐จ๐ซ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ + ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ ๐ซ๐๐ฉ๐ก๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/76387/
Segmentation Analysis of the Motorcycle Battery Market:
by Type
Lithium-Ion Batteries
Lead-Acid Batteries
Others
by Vehicle Type
Electric Motorcycles
Conventional Motorcycles
Scooters
Who is the largest manufacturers of Motorcycle Battery Market worldwide?
1. GS Yuasa International (Kyoto, Japan)
2. Exide Technologies (Milton, Georgia, USA)
3. EnerSys (Reading, Pennsylvania, USA)
4. East Penn Manufacturing (Lyon Station, Pennsylvania, USA)
5. Leoch International Technology (Shenzhen, China)
6. Panasonic Corporation (Osaka, Japan)
7. Robert Bosch GmbH (Gerlingen, Germany)
8. C&D Technologies (Blue Bell, Pennsylvania, USA)
9. Camel Group Co., Ltd. (Xiangyang, China)
10. Tianneng Battery Group Co., Ltd. (Changxing, China)
11. Furukawa Battery Co., Ltd. (Yokohama, Japan)
12. Shenzhen Center Power Tech Co., Ltd. (Shenzhen, China)
13. ACDelco (Grand Blanc, Michigan, USA)
14. Zhejiang Haijiu Battery Co., Ltd. (Zhejiang, China)
15. YUASA Battery, Inc. (Laureldale, Pennsylvania, USA)
16. TATA AutoComp GY Batteries Pvt Ltd (Pune, India)
17. Primearth EV Energy Co., Ltd. (Obu, Japan)
18. Johnson Controls-Hitachi Battery (Tokyo, Japan)
19. Trojan Battery Company (Santa Fe Springs, California, USA)
20. Shorai Inc.( California , USA)
21. BikeMaster ( Fort Worth, Texas, USA)
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/global-motorcycle-battery-market/76387/
Key Offerings:
Past Market Size and Competitive Landscape
Motorcycle Battery Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Motorcycle Battery Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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