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Motorcycle Batteries Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR45341
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The motorcycle batteries market share is expected to increase by 8.21 million units from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.16%.

This motorcycle batteries market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers motorcycle battery market segmentations by product (lead-acid batteries and lithium-ion batteries) and geography (APAC, North America, Europe, South America, and MEA). The motorcycle batteries market report also offers information on several market vendors, including Berkshire Hathaway Inc., BS-Battery, Clarios, EnerSys, Exide Technologies, GS Yuasa Corp., Hitachi Ltd., Leoch International Technology Ltd., Robert Bosch GmbH, and Schneider Electric SE among others.

What will the Motorcycle Batteries Market Size be During the Forecast Period?

Motorcycle Batteries Market Size

Download the Free Report Sample to Unlock the Motorcycle Batteries Market Size for the Forecast Period and Other Important Statistics

 

Motorcycle Batteries Market: Key Drivers, Trends, and Challenges

The cost advantage of lead-acid batteries over lithium-ion batteries is notably driving the motorcycle batteries market growth, although factors such as OEMs losing revenue and brand reputation due to counterfeit products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the motorcycle batteries industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Motorcycle Batteries Market Driver

The cost advantage of lead-acid batteries over lithium-ion batteries is one of the key factors driving the growth of the global motorcycle batteries market. Lead-acid batteries have been able to retain their market share in electric vehicle applications even with the introduction of new battery chemistries, such as the lithium-ion battery. Lithium-ion batteries are costlier than lead-acid batteries. Furthermore, lead-acid batteries offer high cranking current ideal for stationary applications, such as uninterruptible power supply (UPS).  The energy density of lithium-ion batteries ranges from 90 Wh/kg to 120 Wh/kg, compared with 30Wh/kg-40Wh/kg for lead-acid batteries. The battery life cycle of lithium-ion batteries is five to 15 times longer than lead-acid batteries. However, the price of lithium-ion batteries must be reduced further to compete in the batteries market. However, The cost of lithium-ion batteries is decreasing rapidly due to the commercialization and adoption of these batteries in EVs. According to the US Department of Energy (DOE), battery costs declined from $1,000/kWh in 2008 to $485/kWh in 2012. The cost is further expected to decrease to $300/kWh by 2020. In 2014, lead-acid batteries were priced at $150-$350/kWh, which is expected to reduce further. Lightweight lithium-ion batteries are an advantage for motorcycles as the performance depends on the power-to-weight ratio.

Key Motorcycle Batteries Market Trend

The development of moldable batteries will fuel the global motorcycle battery market growth. The high cost of lithium-ion is leading the manufacturers to struggle to meet the cost hurdles, and the demand for advanced lead-acid technology is growing continuously. Lead-acid batteries have several advantages over lithium-ion batteries. Lead-acid battery chemistry produces the least amount of heat when compared with other battery chemistries, and these batteries are fully rechargeable. The problem comes with fitting the battery into the packaging space. To solve this issue, Electriplast Corporation, a leader in conductive hybrid plastics, is redefining lead-acid batteries. A prototype of a 12V lead-acid bipolar battery with Electriplast plates has been demonstrated by the company. With the help of the molding process, an infinite number of 3D shapes of different sizes, which permit bipolar plates and integral structures to be incorporated in any desired shape, can be produced. The weight of the battery is reduced by 50% because bipolar technology does not require the top lead to connect the plates. These plates can be inserted easily into the bipolar battery package and can be used as a replacement for existing quasi-bipolar plates.

Key Motorcycle Batteries Market Challenge

The OEMs losing revenue and brand reputation due to counterfeit products is a major challenge for the global motorcycle batteries market growth. In 2020, the US government estimated that the global market value of the counterfeit industry is $520 billion. About 70% of counterfeit products that entered the US were manufactured in China. In 2011, 73% of fake products that entered Europe were from China. Such products are affecting the revenues and brand reputation of the OEMs. Moreover, Safety is a major concern associated with counterfeit batteries. In the case of lithium-ion batteries, a significant amount of energy is packed into a small space, and lithium-ion is a highly reactive element. A manufacturing defect of a lithium-ion battery can lead to a thermal runaway if an internal short circuit occurs in a battery, the chemicals inside the battery break and start reacting, which leads to the release of a significant amount of heat. These chemical reactions occur faster at high temperatures, which further increases the temperature. Within a few seconds, a burning lithium-ion battery can reach 1,000°F-1,500°F. There have been many instances where products have been recalled due to battery issues.

This motorcycle batteries market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global motorcycle batteries market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the motorcycle batteries market during the forecast period.

Who are the Major Motorcycle Batteries Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Berkshire Hathaway Inc.
  • BS-Battery
  • Clarios
  • EnerSys
  • Exide Technologies
  • GS Yuasa Corp.
  • Hitachi Ltd.
  • Leoch International Technology Ltd.
  • Robert Bosch GmbH
  • Schneider Electric SE

 

This statistical study of the motorcycle batteries market encompasses successful business strategies deployed by the key vendors. The motorcycle batteries market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Berkshire Hathaway Inc. - The company offers DURACELL motorcycle battery-ETX20L and CYL10008 Duracell ultra 20HL-BS AGM Black Case Battery for motorcycles, under its subsidiary.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The motorcycle batteries market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Motorcycle Batteries Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the motorcycle batteries market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global automotive components and accessories market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Motorcycle Batteries Market?

Motorcycle Batteries Market Share by Geography

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85% of the market’s growth will originate from APAC during the forecast period. India, China, Indonesia, Thailand, and Vietnam are the key markets for motorcycle batteries market in APAC. Market growth in this region will be slower than the growth of the market in regions.

The cost advantage of lead-acid batteries over lithium-ion batteries will facilitate the motorcycle batteries market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 negatively impacted the manufacturers and buyers of motorcycles. In early 2020, developing countries in APAC, such as India and Indonesia, started showing a steady increase in COVID-19 cases. The demand for motorcycles and accessories, such as batteries, mirrors, and tires, were impacted in these countries, as new purchases by consumers declined due to the COVID-19 pandemic. However, the demand for motorcycles revived in 2021. For instance, motorcycle sales in India grew by 9.3% in 2021, owing to the increased vaccination rate in the country, which led to the removal of restrictions and gradual resumption of commercial operations. The demand for motorcycles is expected to increase, as personal mobility is expected to gain prominence due to the lifting of restrictions. This will have a positive impact on the growth of the market in focus during the forecast period.

What are the Revenue-generating Product Segments in the Motorcycle Batteries Market?

Motorcycle Batteries Market Share

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The motorcycle batteries market share growth in the Lead-acid batteries segment will be significant during the forecast period. Motorcycle batteries are called storage batteries as they store electric power generated by the charging system, which is powered by the engine. One or another form of lead-acid battery is used in conventional gasoline-powered motorcycles. The most common lead-acid batteries used in motorcycles are flooded, absorbed glass mat (AGM), and gel batteries.

This report provides an accurate prediction of the contribution of all the segments to the growth of the motorcycle batteries market size and actionable market insights on post COVID-19 impact on each segment.

 

Motorcycle Batteries Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.16%

Market growth 2021-2025

8.21 mn units

Market structure

Fragmented

YoY growth (%)

2.14

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 85%

Key consumer countries

India, China, Indonesia, Thailand, US, and Vietnam

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Berkshire Hathaway Inc., BS-Battery, Clarios, EnerSys, Exide Technologies, GS Yuasa Corp., Hitachi Ltd., Leoch International Technology Ltd., Robert Bosch GmbH, and Schneider Electric SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Motorcycle Batteries Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive motorcycle batteries market growth during the next five years
  • Precise estimation of the motorcycle batteries market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the motorcycle batteries industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of motorcycle batteries market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Automotive components and accessories

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 (thousand units)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces analysis
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Lead-acid batteries - Market size and forecast 2020-2025
      • Exhibit 17: Lead-acid batteries - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 18: Lead-acid batteries - Year-over-year growth 2020-2025 (%)
    • 5.4 Lithium-ion batteries - Market size and forecast 2020-2025
      • Exhibit 19: Lithium-ion batteries - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 20: Lithium-ion batteries - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 21: Market opportunity by Product

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 25: APAC - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 27: North America - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography (thousand units)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 38: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 39: Landscape disruption
          • Exhibit 40: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 41: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 42: Market positioning of vendors
        • 10.3 Berkshire Hathaway Inc.
          • Exhibit 43: Berkshire Hathaway Inc. - Overview
          • Exhibit 44: Berkshire Hathaway Inc. - Business segments
          • Exhibit 45: Berkshire Hathaway Inc. - Key offerings
          • Exhibit 46: Berkshire Hathaway Inc. - Segment focus
        • 10.4 BS-Battery
          • Exhibit 47: BS-Battery - Overview
          • Exhibit 48: BS-Battery - Business segments
          • Exhibit 49: BS-Battery - Key offerings
        • 10.5 Clarios
          • Exhibit 50: Clarios - Overview
          • Exhibit 51: Clarios - Product and service
          • Exhibit 52: Clarios - Key offerings
        • 10.6 EnerSys
          • Exhibit 53: EnerSys - Overview
          • Exhibit 54: EnerSys - Business segments
          • Exhibit 55: EnerSys - Key offerings
          • Exhibit 56: EnerSys - Segment focus
        • 10.7 Exide Technologies
          • 10.8 GS Yuasa Corp.
            • Exhibit 61: GS Yuasa Corp. - Overview
            • Exhibit 62: GS Yuasa Corp. - Business segments
            • Exhibit 63: GS Yuasa Corp. - Key offerings
            • Exhibit 64: GS Yuasa Corp. - Segment focus
          • 10.9 Hitachi Ltd.
            • Exhibit 65: Hitachi Ltd. - Overview
            • Exhibit 66: Hitachi Ltd. - Business segments
            • Exhibit 67: Hitachi Ltd. - Key offerings
            • Exhibit 68: Hitachi Ltd. - Segment focus
          • 10.10 Leoch International Technology Ltd.
            • Exhibit 69: Leoch International Technology Ltd. - Overview
            • Exhibit 70: Leoch International Technology Ltd. - Business segments
            • Exhibit 71: Leoch International Technology Ltd - Key news
            • Exhibit 72: Leoch International Technology Ltd. - Key offerings
            • Exhibit 73: Leoch International Technology Ltd. - Segment focus
          • 10.11 Robert Bosch GmbH
            • Exhibit 74: Robert Bosch GmbH - Overview
            • Exhibit 75: Robert Bosch GmbH - Business segments
            • Exhibit 76: Robert Bosch GmbH - Key news
            • Exhibit 77: Robert Bosch GmbH - Key offerings
            • Exhibit 78: Robert Bosch GmbH - Segment focus
          • 10.12 Schneider Electric SE
            • Exhibit 79: Schneider Electric SE - Overview
            • Exhibit 80: Schneider Electric SE - Business segments
            • Exhibit 81: ?Schneider Electric SE Key news
            • Exhibit 82: Schneider Electric SE - Key offerings
            • Exhibit 83: Schneider Electric SE - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 84: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 85: Research Methodology
              • Exhibit 86: Validation techniques employed for market sizing
              • Exhibit 87: Information sources
            • 11.4 List of abbreviations
              • Exhibit 88: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Motorcycle Batteries Market market growth will increase by $8.21 mn units during 2021-2025.
            The motorcycle batteries market market is expected to grow at a CAGR of 4.16% during 2021-2025.
            Technavio has segmented the motorcycle batteries market market by product (lead-acid batteries and lithium-ion batteries) ,geography (APAC, North America, Europe, South America, and MEA) , and geographic (APAC, North America, Europe, South America, and MEA).
            Berkshire Hathaway Inc., BS-Battery, Clarios, EnerSys, Exide Technologies, GS Yuasa Corp., Hitachi Ltd., Leoch International Technology Ltd., Robert Bosch GmbH, Schneider Electric SE are a few of the key vendors in the motorcycle batteries market market.
            APAC will register the highest growth rate of 85% among the other regions. Therefore, the motorcycle batteries market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            • India
            • China
            • Indonesia
            • Thailand
            • US
            • Vietnam
            The key factors driving the motorcycle batteries market market growth are:
            • Cost advantage of lead-acid batteries over lithium-ion batteries
            • Development of moldable batteries
            The motorcycle batteries market market vendors should focus on grabbing business opportunities from the lead-acid batteries segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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