Press release
Transforming the Two Wheeler Lead Acid Batteries Market in 2025: Impact Of Electric Bikes On The Two-Wheeler Lead-Acid Batteries Market
Two Wheeler Lead Acid Batteries Market Size
In recent years, the market size for two-wheeler lead acid batteries has seen a robust growth. Predictions suggest it will rise from $5.11 billion in 2024 to $5.5 billion in 2025, with a 7.7% compound annual growth rate (CAGR). The historical period's growth can be accredited to rising disposable income, enhanced sales of electric bicycles, an increase in motorcycle production, the expansion of two-wheeler rental services, and the growing utilization of motorcycles for last-mile delivery.
The market size for two-wheeler lead acid batteries is expected to witness steady expansion in the coming years. The market is projected to reach a value of $7.31 billion in 2029, at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period is expected to be driven by factors such as an increase in two-wheeler sales, heightened urbanization, an uptick in disposable incomes, governmental incentives for electric vehicles, and the growing demand for scooters. The key trends predicted for the forecast period include a shift towards electric vehicles, advancements in lead-acid battery technology, incorporation of intelligent technologies, hybridization, and rapid charging capabilities.
What Factors Are Fueling Growth in the Two Wheeler Lead Acid Batteries Market?
The burgeoning interest in electric bikes (e-bikes) foretell a bright future for the two-wheeler lead-acid batteries market. E-bikes, bicycles with an in-built electric motor aiding propulsion, are becoming increasingly popular owing to their easy usage, ecological advantages, and rapid technological enhancements. This has seen a surge in demand facilitated by an incorporated electric motor and rechargeable battery which supplement the efforts of the rider. The integral role of these two-wheeler lead-acid batteries in e-bikes is to store electric power which either boosts the rider's physical exertion or powers the entire propulsion mechanism depending on particular e-bike models. As per the Office of Energy Efficiency and Renewable Energy, a US government agency, e-bike sales notably crossed one million units in the country in 2022. Such expanding demand for e-bikes consequently fuels the growth of the two-wheeler lead-acid battery market.
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Which Leading Companies Are Shaping the Growth of the Two Wheeler Lead Acid Batteries Market?
Major companies operating in the two wheeler lead acid batteries market are Clarios LLC, Chaowei Power Holdings Limited, EnerSys Inc., EAST PENN Manufacturing Co. Inc., Camel Group Co. Ltd., Exide Industries Ltd., Amara Raja Batteries Limited, Saft Groupe SA., Sebang Global Battery Co. Ltd., FIAMM Group., C&D TECHNOLOGIES INC., Trojan Battery Company, NorthStar Battery, Hankook Atlasbx Co. Ltd., CSB Battery Company Inc., First National Battery, Battery Tender, Robert Bosch GmbH, GS Yuasa International Ltd., Banner GmbH & Co. KG, Unibat Batteries, BS Battery SRL., Koyo Battery Co. Ltd., Leoch Batteries India Private Limited
What Are the Major Trends Shaping the Two Wheeler Lead Acid Batteries Market?
Key businesses in the two-wheeler lead-acid batteries market, such as lithium batteries, are prioritizing the creation of innovative products to bolster performance and long-term viability. Lithium-ion batteries (Li-ion) are rechargeable, leveraging lithium ions due to their high energy density, lightness, and long lifespan, thus being crucial for items like portable electronics, electric vehicles (EVs), and energy storage systems. Notably, in January 2024, an Indian company named Ipower Batteries Private Ltd. introduced graphene-series lead-acid batteries in India. These batteries are recognized for their superior energy efficiency, accelerated recharge rate, extended durability, and increased resistance to in-depth discharges, outperforming the conventional lead-acid batteries. The attributes of graphene also facilitate improved thermal management and weight reduction, positioning them as a promising upgrade in battery technology for a host of applications, inclusive of automotive and renewable energy storage.
What Are the Key Segments of the Two Wheeler Lead Acid Batteries Market?
The two wheeler lead acid batteries market covered in this report is segmented -
1) By Type: Valve Regulated Lead Acid (VRLA) Batteries, Flooded
2) By Capacity: Less Than 5 Ampere Hour, 5 Ampere Hour To 10 Ampere Hour, 10 Ampere Hour To 20 Ampere Hour, Above 20 Ampere Hour
3) By Technology: Internal Combustion (IC) Engine, Electric
4) By Two Wheeler: Motorcycles, Scooters
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Valve Regulated Lead Acid (VRLA) Batteries: Absorbent Glass Mat VRLA Batteries, Gel VRLA Batteries
2) By Flooded: Conventional Flooded Lead Acid Batteries, Maintenance-Free Flooded Lead Acid Batteries
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Which Region Dominates the Two Wheeler Lead Acid Batteries Market?
Asia-Pacific was the largest region in the two-wheeler lead acid batteries market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the two wheeler lead acid batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Two Wheeler Lead Acid Batteries Global Market Report?
- Market Size Analysis: Analyze the Two Wheeler Lead Acid Batteries Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Two Wheeler Lead Acid Batteries Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Two Wheeler Lead Acid Batteries Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Two Wheeler Lead Acid Batteries Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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