Press release
Strong Growth Ahead: Two Wheeler Lead Acid Batteries Market Size To Grow At Arecord 7.3% Cagr By 2029
Two Wheeler Lead Acid Batteries
How Big Is the Two Wheeler Lead Acid Batteries Market Size Expected to Be by 2034?
The two-wheeler lead acid batteries market is projected to grow from $5.11 billion in 2024 to $5.5 billion in 2025 at a CAGR of 7.7%. The growth in recent years is attributed to higher disposable income, increased sales of electric bicycles, growth in motorcycle production, the rise of two-wheeler rental services, and greater use of motorcycles for last-mile delivery.
The two-wheeler lead acid batteries market is expected to grow to $7.31 billion in 2029 at a CAGR of 7.3%, driven by rising two-wheeler sales, urbanization, and government incentives for electric vehicles. Trends include advancements in lead-acid battery technology, hybrid technologies, and the integration of smart technology and fast-charging capabilities.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Two Wheeler Lead Acid Batteries Market Trends?
The rising demand for electric bikes is anticipated to drive the growth of the two-wheeler lead-acid battery market. E-bikes, equipped with electric motors and rechargeable batteries, are gaining popularity due to their convenience, environmental benefits, and technological advancements. Two-wheeler lead-acid batteries are used in these bikes to power the motor, supporting the rider's pedaling efforts. In December 2023, the Office of Energy Efficiency and Renewable Energy reported that e-bike sales in the U.S. exceeded one million units in 2022, indicating strong demand for electric bikes and, consequently, the need for lead-acid batteries.
Who Are the Top Competitors in Key Two Wheeler Lead Acid Batteries Market Segments?
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 Two Wheeler Lead Acid Batteries Market Trends Are Gaining Traction Across Different Segments?
Companies in the two-wheeler lead-acid batteries market are focusing on creating innovative products, such as lithium-ion batteries, to improve performance and sustainability. Lithium-ion batteries are known for their high energy density, light weight, and long lifespan, making them vital for portable electronics, electric vehicles, and energy storage. For example, Ipower Batteries Private Ltd. launched graphene-series lead-acid batteries in India in January 2024. These batteries offer improved energy efficiency, faster charging times, longer lifespans, and better resistance to deep discharges, along with enhanced thermal management and reduced weight.
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Which Regions Are Becoming Hubs for Two Wheeler Lead Acid Batteries Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Two Wheeler Lead Acid Batteries Market?
2. What is the CAGR expected in the Two Wheeler Lead Acid Batteries Market?
3. What Are the Key Innovations Transforming the Two Wheeler Lead Acid Batteries Industry?
4. Which Region Is Leading the Two Wheeler Lead Acid Batteries Market?
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