The report incorporates the study of the global motorcycle battery market that focuses on the two-wheeled vehicle battery used in ICE or electric vehicles. Batteries used in motorcycles are used to power components used in a motorcycle and helps in smoother ignition of ICE vehicles. Some commonly available EV batteries include lithium-ion, nickel-metal hydride, and lead-acid batteries. These batteries find their wider application in different type of vehicles such as ICE & electric based. They assist in minimizing carbon emissions, eliminating fuel dependency, reducing maintenance costs, and generating high energy per unit mass.
Developments have been carried out by the key players operating across the globe for offering durable motorcycle batteries, which created a wider scope for the growth of the market across the globe. Companies such as EXIDE INDUSTRIES LTD., KOYO BATTERY CO., LTD., and Amara Raja Group have been offering a wider range of two-wheeler batteries, which supplements the growth of the market across the globe.
The motorcycle battery market is witnessing significant growth, driven by a surge in motorcycle ownership across the globe. The increase in popularity of motorcycles as a cost-effective and fuel-efficient mode of transportation, coupled with a rise in affinity for recreational riding, has fueled the demand for reliable and high-performance batteries. Governments of various countries have taken initiatives to reduce carbon footprints by encouraging use of electric bikes, electric vehicles, and bicycles, owing to rise in awareness toward hazardous effects of using vehicles running on fossil fuels. Moreover, governments across the globe are coaxing vehicle manufacturers to reduce carbon emissions caused by diesel fuel combustion and tackle greenhouse gas emissions, in turn, pushing them to invest in developing electric vehicles.
In addition, governments around the world are supporting the purchase of electric vehicles, in terms of tax credits and incentives. Moreover, central governments of a few countries such as India, China, and Japan are providing exemption from highway toll tax for electric vehicles. For instance, for faster adoption of electric vehicles, the government of India plans to lower the goods & service tax (GST) on EVs from 5% to 12%. Similarly, the government of South Korea has announced that it will be providing $900 million tax exemptions and subsidies for development and purchase of electric and fuel cell vehicles. Thus, increase in government support for development and purchase of electric vehicles, in terms of tax credits, subsidies and incentives, is one of the major factors that is anticipated to propel the demand for electric vehicles, which in turn is projected to generate lucrative market opportunity for the growth of motorcycle battery market in the forecast period.
Factors such as growth in demand for zero emission vehicles and reduction in cost of electric vehicle batteries drives the growth of the market across the globe. However, factors such as stringent lead pollution norms and instability in the prices of the raw material creates a barrier affecting the growth of the market across the globe. Moreover, factors such as evolution of lithium-ion technology and proactive government initiatives are the factors that create lucrative opportunities for the growth of the market across the globe.
The key players profiled in the report are Exide Industries LTD., Scorpion Battery, Inc., Robert Bosch GmbH, SF Batteries, KOYO Battery Co., Ltd., GS Yuasa International Ltd., BS Battery, Amara Raja Group, LEOCH International Technology Limited Inc, and Johnson Controls.
Developments have been carried out by the key players operating across the globe for offering durable motorcycle batteries, which created a wider scope for the growth of the market across the globe. Companies such as EXIDE INDUSTRIES LTD., KOYO BATTERY CO., LTD., and Amara Raja Group have been offering a wider range of two-wheeler batteries, which supplements the growth of the market across the globe.
The motorcycle battery market is witnessing significant growth, driven by a surge in motorcycle ownership across the globe. The increase in popularity of motorcycles as a cost-effective and fuel-efficient mode of transportation, coupled with a rise in affinity for recreational riding, has fueled the demand for reliable and high-performance batteries. Governments of various countries have taken initiatives to reduce carbon footprints by encouraging use of electric bikes, electric vehicles, and bicycles, owing to rise in awareness toward hazardous effects of using vehicles running on fossil fuels. Moreover, governments across the globe are coaxing vehicle manufacturers to reduce carbon emissions caused by diesel fuel combustion and tackle greenhouse gas emissions, in turn, pushing them to invest in developing electric vehicles.
In addition, governments around the world are supporting the purchase of electric vehicles, in terms of tax credits and incentives. Moreover, central governments of a few countries such as India, China, and Japan are providing exemption from highway toll tax for electric vehicles. For instance, for faster adoption of electric vehicles, the government of India plans to lower the goods & service tax (GST) on EVs from 5% to 12%. Similarly, the government of South Korea has announced that it will be providing $900 million tax exemptions and subsidies for development and purchase of electric and fuel cell vehicles. Thus, increase in government support for development and purchase of electric vehicles, in terms of tax credits, subsidies and incentives, is one of the major factors that is anticipated to propel the demand for electric vehicles, which in turn is projected to generate lucrative market opportunity for the growth of motorcycle battery market in the forecast period.
Factors such as growth in demand for zero emission vehicles and reduction in cost of electric vehicle batteries drives the growth of the market across the globe. However, factors such as stringent lead pollution norms and instability in the prices of the raw material creates a barrier affecting the growth of the market across the globe. Moreover, factors such as evolution of lithium-ion technology and proactive government initiatives are the factors that create lucrative opportunities for the growth of the market across the globe.
The key players profiled in the report are Exide Industries LTD., Scorpion Battery, Inc., Robert Bosch GmbH, SF Batteries, KOYO Battery Co., Ltd., GS Yuasa International Ltd., BS Battery, Amara Raja Group, LEOCH International Technology Limited Inc, and Johnson Controls.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the motorcycle battery market analysis from 2022 to 2032 to identify the prevailing motorcycle battery market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the motorcycle battery market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global motorcycle battery market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Dry cell battery
- Gel motorcycle battery
- Wet cell battery
By Battery Type
- Lithium-ion battery
- Lead-acid battery
- Others
By Motorcycle Type
- Standard
- Sports
- Cruiser
- Others
By Propulsion Type
- Internal Combustion Engine (ICE)
- Electric
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- EXIDE INDUSTRIES LTD.
- Robert Bosch GmbH
- SF Batteries
- GS Yuasa International Ltd.
- Amara Raja Group
- Johnson Controls
- Scorpion Battery, Inc.
- KOYO BATTERY CO., LTD.
- BS BATTERY
- leoch International Technology Limited Inc
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MOTORCYCLE BATTERY MARKET, BY TYPE
CHAPTER 5: MOTORCYCLE BATTERY MARKET, BY BATTERY TYPE
CHAPTER 6: MOTORCYCLE BATTERY MARKET, BY MOTORCYCLE TYPE
CHAPTER 7: MOTORCYCLE BATTERY MARKET, BY PROPULSION TYPE
CHAPTER 8: MOTORCYCLE BATTERY MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- EXIDE INDUSTRIES LTD.
- Robert Bosch GmbH
- SF Batteries
- GS Yuasa International Ltd.
- Amara Raja Group
- Johnson Controls
- Scorpion Battery, Inc.
- KOYO BATTERY CO., LTD.
- BS BATTERY
- leoch International Technology Limited Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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