Two Wheeler Lead Acid Batteries Market Report 2024

The two-wheeler lead acid batteries market size has grown strongly in recent years. It will grow from $4.77 billion in 2023 to $5.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The increase in the historic period can be ascribed to rising disposable incomes, higher sales of electric bicycles, expansion in motorcycle production, growth in the number of two-wheeler rental services, and the growing use of motorcycles for last-mile delivery.

The two-wheeler lead acid batteries market size is expected to see strong growth in the next few years. It will grow to $6.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increasing sales of two-wheelers, urbanization trends, rising disposable incomes, government incentives promoting electric vehicles, and growing demand for scooters. Key trends expected during the forecast period include the adoption of electric vehicles, advancements in lead-acid battery technology, integration with smart technologies, hybrid technologies, and enhancements in fast charging capabilities.

The increasing demand for electric bikes is expected to drive growth in the two-wheeler lead-acid batteries market moving forward. Electric bikes, or e-bikes, feature an integrated electric motor that assists in propulsion, powered by rechargeable batteries. These bikes offer convenience, environmental benefits, and technological advancements by supporting pedaling efforts through the motor and battery system. Two-wheeler lead-acid batteries are crucial components in e-bikes, storing electrical energy to enhance propulsion or power entire systems in specific models. For example, the Urban Transport Group reported in November 2021 that e-bike sales in Europe are projected to rise from 3.7 million in 2020 to 17 million by 2030, highlighting the increasing demand. Thus, the growing popularity of electric bikes is fueling expansion in the two-wheeler lead-acid battery market.

Leading companies in the two-wheeler lead-acid batteries market are concentrating on developing innovative solutions such as lithium batteries to improve performance and sustainability. Lithium batteries, known for their high energy density, lightweight nature, and extended lifespan due to the use of lithium ions, are essential in portable electronics, electric vehicles (EVs), and energy storage systems. For instance, in January 2024, Ipower Batteries Private Ltd., an Indian battery manufacturer, introduced graphene-series lead-acid batteries in India. These batteries boast enhanced energy efficiency, quicker charging times, prolonged lifespan, and greater resilience to deep discharges compared to traditional lead-acid batteries. Graphene's characteristics also contribute to improved thermal management and reduced weight, representing a significant advancement in battery technology applicable across automotive and renewable energy storage sectors.

In August 2022, Andritz AG, an Austria-based provider of services and digital solutions, acquired Sovema Group S.p.A. for an undisclosed sum. This strategic acquisition is intended to broaden ANDRITZ's portfolio and capabilities within the battery production sector, focusing on manufacturing equipment and technologies crucial for battery production. Sovema Group S.p.A., headquartered in Italy, specializes in the manufacture of lead-acid batteries primarily for the automotive sector.

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.

Asia-Pacific was the largest region in the two-wheeler lead acid batteries market in 2023. 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.

The countries covered in the two wheeler lead acid batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Two-wheeler lead-acid batteries are specifically designed rechargeable batteries for motorcycles, scooters, and similar vehicles. They employ lead plates submerged in electrolyte solution to store electrical energy, powering the vehicle's ignition system, lights, and other electrical components.

Two main types of two-wheeler lead-acid batteries exist valve-regulated lead acid (VRLA) and flooded batteries. VRLA batteries are sealed and require no maintenance, favored for their reliability and user-friendliness in two-wheelers. Capacities range from less than 5 ampere-hours to over 20 ampere-hours, catering to both internal combustion engine and electric technologies in motorcycles and scooters. Sales channels include OEM and aftermarket segments.

The two-wheeler lead acid batteries market research report is one of a series of new reports that provides two-wheeler lead acid batteries market statistics, including two-wheeler lead acid batteries industry global market size, regional shares, competitors with a two-wheeler lead acid batteries market share, detailed two-wheeler lead acid batteries market segments, market trends, and opportunities, and any further data you may need to thrive in the two-wheeler lead acid batteries industry. This two-wheeler lead acid batteries research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The two-wheeler lead-acid batteries market consists of sales of battery chargers, battery accessories, and battery recycling products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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