Motorcycle Lead Acid Battery Market Report 2024

The motorcycle lead acid battery market size has grown strongly in recent years. It will grow from $5.06 billion in 2023 to $5.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historic period can be credited to several factors, including urbanization, rising consumer awareness and education levels, expansion of ride-sharing and delivery services, increasing electrification of motorcycle fleets for public use, and enhancements in charging infrastructure.

The motorcycle lead acid battery market size is expected to see strong growth in the next few years. It will grow to $6.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. In the forecast period, growth is anticipated due to heightened efforts to enhance energy density and power density, the introduction of battery leasing programs for consumers, integration of lead acid batteries with renewable energy sources, significant replacement rates for lead acid batteries in motorcycles, and the establishment of battery swapping stations. Key trends expected in this period include advancements in sealing technologies, adoption of environmentally friendly manufacturing processes, development of enhanced safety features, applications of nanotechnology, and implementation of advanced thermal management systems.

The motorcycle lead acid battery market is poised for growth due to increasing demand for two-wheeled EV motor vehicles. These vehicles, known as motorcycles or motorbikes, are popular for their affordability, fuel efficiency, and maneuverability in both urban and rural areas. Lead-acid batteries are favored for their cost-effectiveness and reliability in powering these electric vehicles. For example, the Society Of Manufacturers Of Electric Vehicles reported a substantial rise in electric two-wheeler sales from 2,52,641 in 2021-2022 to 7,28,054 in 2022-2023, highlighting the market's expansion driven by this demand.

Key players in the motorcycle lead acid battery sector are innovating with battery interlayers to enhance safety and performance. Incorporating these interlayers improves battery life and safety standards, making electric and hybrid motorcycles more appealing to consumers. For instance, Maryland Energy Innovative Institute developed an innovative battery interlayer technology using Mg16Bi84 and F-rich materials to suppress dendrite growth and enhance energy density and fast charging capabilities in lithium-metal batteries.

In August 2023, Leoch Battery, based in Singapore, acquired GS Yuasa's lead battery division for approximately $39 million. This strategic move aims to strengthen Leoch's market position and expand its presence in the lead-acid batteries market. GS Yuasa, a Japanese company, specializes in lead-acid batteries, lithium-ion batteries, and other energy storage solutions for automotive, industrial, and aerospace applications.

Major companies operating in the motorcycle lead acid battery market are Panasonic Holdings Corporation, Johnson Controls International plc, Clarios International Inc., Chaowei Power Holdings Limited, GS Yuasa Corporation, EnerSys, East Penn Manufacturing Co., Exide Industries Limited, Leoch Leoch International Technology Limited, The Amara Raja Group (Amaron), Shuangdeng Group Co Ltd, Coslight Technology International Group Ltd., Trojan Battery Company LLC, Power Sonic Corporation, HBL Power Systems Limited, Mutlu Battery and Materials Industry Inc., Hawker Powersource Inc., FIAMM Energy Technology S.p.A., MK Battery International, CSB Energy Technology Co. Ltd., EverExceed Industrial Co. Ltd., Thai Energy Storage Technology PLC, C&D Technologies Inc., Deltran USA LLC, HAZE Power Company Ltd.

North America was the largest region in the motorcycle lead acid battery market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the motorcycle lead acid battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

A motorcycle lead acid battery serves as a rechargeable power source for motorcycles, supplying electricity for starting the engine and operating the vehicle's electrical systems. These batteries are valued for their reliability and cost efficiency, available in diverse sizes and capacities tailored to different motorcycle models and needs.

The motorcycle lead acid battery market features several key product types, including valve regulated lead acid (VRLA), flooded lead-acid (FLA), absorbed glass mat (AGM), vented batteries, and others. VRLA batteries, specifically, are designed to be low-maintenance and spill-proof within the rechargeable lead-acid battery category. This market encompasses various technologies such as internal combustion engines (ICE), hybrids, and electric vehicles, and utilizes multiple sales channels including original equipment manufacturers (OEMs) and the aftermarket.

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

The motorcycle lead acid battery market consists of revenues earned by entities by providing services such as battery design and engineering, quality control and testing, distribution and sales, installation, and replacement. The market value includes the value of related goods sold by the service provider or included within the service offering. The motorcycle lead acid battery market also includes sales of conventional lead acid batteries, maintenance-free lead acid batteries, and gel lead acid batteries. 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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