Home Automotive and Transportation Two-Wheeler Lead Acid Batteries Market Size & Share, Growth, Demand Report - 2029

Two-Wheeler Lead Acid Batteries Market

Two-Wheeler Lead Acid Batteries Market Size, Share & Trends Analysis Report By Capacity (Less than 5 AH, 5 AH to 10 AH, 10 AH to 20 AH, Above 20 AH), By Technology (), By Two Wheeler (), By Battery Type (VRLA Batteries, Flooded), By Sales Channel (OEMs, Aftermarket) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRAT1380DR
Study Period 2020-2032 CAGR 4.5%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
Largest Market Asia-Pacific Fastest Growing Market North America
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Market Overview

The global two-wheeler lead acid batteries market size is expected to grow at a compound annual growth rate (CAGR) of 4.5% in the forecast period.

Lead-acid batteries are charged from the power grid and are configured to supply power for short-term durations (i.e., 15 minutes) and to allow the plant time to shut down machinery properly. They are desirable for use in motor vehicles because of their strong power-to-weight ratio and affordability to provide the high current provided by starter engines.  Today, in terms of percentages, lead-acid batteries have an advantage over lithium-ion systems, although the latter is expected to have an edge in the future.

 

Market Dynamics

Extensive Production of Two-Wheelers in Developing Countries

For the young, two-wheelers are considered to be the style. Small homes and the middle class enjoy motorcycles. There has been a substantial increase in the two-wheeler market due to the simplicity and affordability they provide. Bikes have joined the industry with upgraded and updated versions and now can quickly glide through traffic and off-roads.

There has been an extensive production of two-wheelers across the developing countries. There has been an extensive production of the two-wheelers in developing countries. India and China have been in the top two spots for the production of two-wheelers, wherein in 2017, India surpassed China to become the world's largest two-wheeler market.

The Rising Number of Road Accidents

The rising number of road accidents has hampered the growth of the market. Motorcyclists are particularly vulnerable because they account for 23 percent of all road traffic deaths globally. Fatalities are diminishing, but the number of vehicle occupants is still not the same. In India, the number of incidents causing traffic accidents is also rising.

The Ministry of Road Transport and Highways (India) report released in October 2019 observed that more than a third (37 percent) of those killed in road accidents in 2019 were two-wheeler users. Further, globally, the unprecedented growth in death and morbidity due to road accidents has become a matter of considerable concern, thereby restraining the market growth.

Regional Analysis

Asia-Pacific two-wheeler lead-acid batteries market caters to the largest share. It is also expected to expand at a fast pace. Compared with other regions of the world, electric and internal combustion engine two-wheeler sales are high in China and India, followed by Southeast Asian countries. Due to their high fuel efficiency and ease of riding in traffic congestion, two-wheeler scooters and motorcycles are the most common means of transport in the APAC region. As a result, conventional two-wheel vehicles are deeply adopted by customers in the Asia-Pacific region.

The rapid urbanization of developing countries in the region and increasing middle-class family incomes are associated with much of the current increase in scooter and motorcycle use in the Asia-Pacific region. These habits have driven individuals to spend more money on transportation and the need for transport to get to work. Further, as stated in our paid sources, the market value for two-wheelers in the Asia-Pacific region is anticipated to grow at a CAGR of 6.2% from 2016 to 2024, where the market value was estimated at USD 76.4 billion to USD 123.6 billion, respectively.

North America

North America is anticipated to surge due to the increased adoption of electric vehicles, implementation of government tax waiver schemes for manufacturers and consumers of electric cars, along with the increasing rate of pollution due to higher emissions of GHGs.

By 2006, sales of bikes had peaked in the United States. In the U.S. alone, over 1.1 million units were sold in 2006. However, the industry suffered a heavy knock in the financial crash of 2008, with revenues plummeting to less than half of the previous fiscal year. However, the capital markets for major two-wheeler firms have now stabilized, although they have remained sluggish since 2012.

The sales of the two-wheelers in the region are on the higher side in comparison to Europe, the Middle East, and Africa and South America region, thereby bolstering the growth of the market.

Report Scope

Report Metric Details
Segmentations
By Capacity
  1. Less than 5 AH
  2. 5 AH to 10 AH
  3. 10 AH to 20 AH
  4. Above 20 AH
By Technology
By Two Wheeler
    1. Standard
    2. Maxi
    3. Enclosed
    4. Three-wheeled
    5. Electric
By Battery Type
  1. VRLA Batteries
  2. Flooded
By Sales Channel
  1. OEMs
  2. Aftermarket
Company Profiles Amara Raja Batteries Limited Base Corporation Limited Exide Industries Limited HBL Power Systems Ltd. Luminous Power Technologies Pvt. Ltd. Okaya Power Pvt. Ltd. Samsung SDI Co. Ltd Southern Batteries Private Limited SU-KAM Power System Limited Tata Autocomp GY Batteries Private Limited Dynavolt Renewable Energy Technology Co., Ltd. Tianneng Power International Ltd Leoch International Technology Limited Inc Batterie Unibat EnerSys Inc. Chaowei Power Holdings Limited Southern Batteries Pvt. Ltd. BS-BATTERY KOYO BATTERY Robert Bosch Gmbh GS Yuasa Corporation Battery Tender Camel Group Co., Ltd.
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

Based on battery type, the global two-wheeler lead-acid batteries market is divided into VLRA batteries and flooded batteries. The VRLA (Valve Regulated Lead Acid) batteries are compatibility safer, reliable, and deliver a longer service life. These batteries are known for their improved float life, maintenance-free reliability, and lack of gaseous emission. Further, compared to the flooded batteries, the VRLA provides multiple benefits, such as no threat of acid leakage, low maintenance as the batteries never has to be filled with water, less space consumption, less ventilation area, and the ability to be operated in any orientation.

Market Size By Capacity

Impact of covid-19

The pandemic led to a temporary lockdown of countries that hindered the utilization, manufacturing, and sale of the vehicles. The automobile industry, which primarily consists of outdoor jobs, was poorly exposed to the uncertainty that contributed to a dramatic decline in automotive sales. Furthermore, the instability of the supply chain industry, mostly due to the closing of national and foreign borders and the changes brought on by the decision not to use Chinese products, may impede the operation. However, the partial stoppage of public transport and the need to maintain social distancing is likely to bolster the use of two-wheelers.

Recent Developments

  • In 2020, GS Yuasa Corporation launched the SNS-TN series of valve-regulated stationary lead-acid batteries, thereby aiming at providing an abundant product lineup and an extensive support system.
  • In 2020, Amara Raja Batteries Limited collaborated with Gridtential Energy – the inventor of Silicon Joule™ bipolar battery technology. The collaboration aims at assembly and testing of bipolar Silicon Joule™ reference batteries using the active content of Amara Raja to assess changes in cycle life, energy density, battery efficiency, charging speeds, and productivity.
  • In 2019, GS Yuasa International Ltd. launched operations in January 2019 at a new automotive lead-acid storage battery plant in Turkey. This geographical expansion is aimed at increasing the production of high-performance lead-acid storage batteries for environmentally friendly vehicles and increase its penetration in the European region.

Top Key Players

Two-Wheeler Lead Acid Batteries Market Share of Key Players

Amara Raja Batteries Limited Base Corporation Limited Exide Industries Limited HBL Power Systems Ltd. Luminous Power Technologies Pvt. Ltd. Okaya Power Pvt. Ltd. Samsung SDI Co. Ltd Southern Batteries Private Limited SU-KAM Power System Limited Tata Autocomp GY Batteries Private Limited Dynavolt Renewable Energy Technology Co., Ltd. Tianneng Power International Ltd Leoch International Technology Limited Inc Batterie Unibat EnerSys Inc. Chaowei Power Holdings Limited Southern Batteries Pvt. Ltd. BS-BATTERY KOYO BATTERY Robert Bosch Gmbh GS Yuasa Corporation Battery Tender Camel Group Co., Ltd.

Frequently Asked Questions (FAQs)

What is the growth rate for the Global Market?
Two-Wheeler Lead Acid Batteries Market size will grow at approx. CAGR of 4.5% during the forecast period.
Some of the top industry players in Two-Wheeler Lead Acid Batteries Market are, Amara Raja Batteries Limited, Base Corporation Limited, Exide Industries Limited, HBL Power Systems Ltd., Luminous Power Technologies Pvt. Ltd., Okaya Power Pvt. Ltd., Samsung SDI Co. Ltd, Southern Batteries Private Limited, SU-KAM Power System Limited, Tata Autocomp GY Batteries Private Limited, Dynavolt Renewable Energy Technology Co., Ltd., Tianneng Power International Ltd, Leoch International Technology Limited Inc, Batterie Unibat, EnerSys Inc., Chaowei Power Holdings Limited, Southern Batteries Pvt. Ltd., BS-BATTERY, KOYO BATTERY, Robert Bosch Gmbh, GS Yuasa Corporation, Battery Tender, Camel Group Co., Ltd., etc.
In the Two-Wheeler Lead Acid Batteries Market, Asia-Pacific has established itself as the market leader with a significant market share.
The North America region has experienced the highest growth rate in the Two-Wheeler Lead Acid Batteries Market.
The global Two-Wheeler Lead Acid Batteries Market report is segmented as follows: By Capacity, By Technology, By Two Wheeler, By Battery Type, By Sales Channel


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