What Has Been the Growth of the Two Wheeler Lead Acid Batteries Market So Far?
The two wheeler lead acid batteries market has seen considerable growth due to a variety of factors.
• The two-wheeler lead acid batteries market has grown strongly in recent years. It will grow from $5.11 billion in 2024 to $5.5 billion in 2025, at a CAGR of 7.7%.
Factors contributing to this growth include rising disposable income, the increase in electric bicycle sales, the growth of motorcycle production, the rise of two-wheeler rental services, and the increasing use of motorcycles for last-mile delivery.
What Are the Future Growth Projections for the Two Wheeler Lead Acid Batteries Market?
The two wheeler lead acid batteries market is expected to maintain its strong growth trajectory in upcoming years.
• The two-wheeler lead acid batteries market is projected to grow substantially, reaching $7.31 billion by 2029, with a CAGR of 7.3%.
This growth is driven by factors such as increasing two-wheeler sales, urbanization, higher disposable incomes, government incentives for electric vehicles, and rising demand for scooters. Emerging trends include advancements in lead-acid battery technology, electric vehicles, integration with smart technologies, hybrid systems, and fast charging solutions.
What Are The Core Factors Supporting Growth In The Two Wheeler Lead Acid Batteries Market?
The growing popularity of electric bikes is projected to accelerate the expansion of the two-wheeler lead-acid batteries market. Electric bikes, also known as e-bikes, are bicycles fitted with an electric motor which supports in locomotion. A rechargeable battery, primarily fueling the motor adds to the pedaling efforts of the rider at different levels. The attraction for electric bikes can be attributed to user convenience, environmental advantages, and cutting-edge technology ensuring propulsion support via a built-in electric motor and rechargeable battery. Lead-acid batteries for two-wheelers are employed in electric bikes for the preservation of electrical energy, assisting rider's pedaling or even powering the entire propulsion system of some specific e-bike variants. For example, the Office of Energy Efficiency and Renewable Energy, a government agency based in the USA, reported that the e-bike sales in the United States exceeded one million units in 2022, as of December 2023. Thus, the escalating demand for electric bikes triggers the progress of the two-wheeler lead-acid battery market.
What Are The Major Segments Within The Global 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 Trends Are Reshaping The Future Of The Two Wheeler Lead Acid Batteries Market?
Key industry players in the two-wheeler lead-acid batteries market are steering their focus toward the creation of new and inventive products like lithium batteries, to boost performance and sustainability. Lithium batteries, also known as lithium-ion batters (Li-ion), are rechargeable and harness the power of lithium ions to provide high energy density, light weight, and extended shelf life. This makes them indispensable for portable electronics, electric vehicles (EVs), and energy storage systems. For example, in January 2024, Ipower Batteries Private Ltd., a company based in India that specializes in manufacturing batteries, introduced its graphene-series lead-acid batteries in the Indian market. These particular batteries have demonstrated enhanced energy conservation, quicker charge times, increased lifespan, and superior resistance to deep discharges as compared to conventional lead-acid batteries. The qualities of graphene also benefit improved thermal management and a reduction in weight, thereby marking them as an exciting breakthrough in battery technology for various areas of application, such as the automotive industry and renewable energy storage.
Who Are the Key Players In 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 Is The Most Dominant Region In 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.
