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

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?

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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?

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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?

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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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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