As per MRFR analysis, the Two Wheeler Lead Acid Batteries Market Size was estimated at 13.59 (USD Billion) in 2022. The Two Wheeler Lead Acid Batteries Market Industry is expected to grow from 14.09(USD Billion) in 2023 to 19.5 (USD Billion) by 2032. The Two Wheeler Lead Acid Batteries Market CAGR (growth rate) is expected to be around 3.67% during the forecast period (2024 - 2032).
Key Two Wheeler Lead Acid Batteries Market Trends Highlighted
The global market for two-wheeler lead acid batteries is poised for significant growth in the coming years, driven by rising demand for two-wheeled vehicles in developing countries and the increasing popularity of electric vehicles. Key market drivers include stringent emission norms, government initiatives promoting electric mobility, and the growing adoption of two-wheelers for last-mile connectivity.Opportunities for growth lie in the development of advanced lead acid battery technologies, such as enhanced flooded batteries and AGM batteries, which offer improved performance and longer life. Additionally, the integration of battery management systems and the adoption of IoT technologies present opportunities for remote monitoring and predictive maintenance.Recent trends in the two-wheeler lead acid batteries market include the development of lightweight and high-performance batteries, the increasing use of recycled materials, and the adoption of smart charging solutions. These trends are expected to drive innovation and further enhance the market's growth potential.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Two Wheeler Lead Acid Batteries Market Drivers
Growing Demand for Electric Vehicles
The increasing popularity of electric vehicles is a major driver of the Two Wheeler Lead Acid Batteries Market Industry. Electric vehicles require batteries to power their motors, and lead-acid batteries are a cost-effective and reliable option. Lead-acid batteries are also well-suited for use in two-wheelers, as they are lightweight and compact. The growing demand for electric vehicles is expected to continue to drive the growth of the Two Wheeler Lead Acid Batteries Market Industry. Some of the key factors driving the growth of the electric vehicle market include Government incentives: Governments around the world are offering incentives to encourage the adoption of electric vehicles.These incentives include tax breaks, rebates, and access to high-occupancy vehicle (HOV) lanes. Falling battery costs: The cost of lithium-ion batteries has fallen significantly in recent years, making electric vehicles more affordable. Increasing consumer awareness: Consumers are becoming more aware of the environmental benefits of electric vehicles. The growth of the electric vehicle market is expected to have a positive impact on the Two Wheeler Lead Acid Batteries Market Industry.Lead-acid batteries are a cost-effective and reliable option for powering electric vehicles, and the growing demand for electric vehicles is expected to drive the growth of the Two Wheeler Lead Acid Batteries Market Industry.
Increasing Urbanization
Another significant factor that drives the Two Wheeler Lead Acid Batteries Market Industry is increasing urbanization. Due to the growing amount of the urban area population, there is a constantly increasing demand for using two wheelers as they provide the simplest and at the same time cheapest mode of transportation. This type of vehicles can be effectively powered by lead acid batteries which are also inexpensive and dependable power supply.
Rising Disposable Income
The increasing disposable income is one of the drivers of the growth of the Two Wheeler Lead Acid Batteries Market Industry. As the disposable income of the people gets increased, there is more probability that people will buy two-wheelers. In many countries, two-wheelers have become a status symbol. On the other hand, it is a convenient option to drive two-wheelers. The increasing disposable income is expected to become a continuing trend that will further drive the growth of this industry.
Two Wheeler Lead Acid Batteries Market Segment Insights:
Two Wheeler Lead Acid Batteries Market Battery Capacity Insights
The Battery Capacity segment is one of the most significant aspects of the Two Wheeler Lead Acid Batteries Market. The market classifies batteries by their Amp-hour capacity to describe the amount of charge they can store. In turn, the market is divided into four sub-segments, which include Up to 36 Ah, 36 Ah to 60 Ah, 60 Ah to 80 Ah, and Above 80 Ah. The Up to 36 Ah sub-segment has a considerable share of the market because it caters to the needs of lower-power two-wheelers, such as mopeds and scooters. Therefore, the batteries offered within this class are compact, reduced in weight, and suitable for transportation within a city.At the same time, the segment of 36 Ah to 60 Ah is forecast to present a stable growth rate as electric bicycles and more powerful scooters are growing in demand. These batteries provide sufficient power and range for the needs of commuting in an urban or suburban environment. In comparison, the 60 Ah to 80 Ah sub-segment is expected to increase its share in the upcoming years as high-power electric two-wheelers will become more popular. Thus, they provide a higher range and power and can transport heavier loads. Finally, the Over 80 Ah sub-segment will have a minor share of the market because these batteries will serve specific purposes, such as delivery vehicles for commercial companies or heavy electric motorcycles.In conclusion, the adoption of electric two-wheelers and advancements ion battery technologies determine the future growth prospects for the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Two Wheeler Lead Acid Batteries Market Application Insights
The segmentation by Application of the Two Wheeler Lead Acid Batteries Market consists of electric scooters, electric motorcycles and electric bicycles. Electric scooters dominated the market both in 2023 and they are projected to persist in this trend over the forecast period. This segment’s growth is underlain by both them and rising interest of electric motorcycles and bicycles is fueled by aging vehicles and falling demand for gasoline as well as their environmental friendliness, cost and convenience of use which makes them popular, especially in emerging countries.All these vehicles’ demand is expected to favor increasing necessity for the use of lead-acid batteries which, in their turn, are highly utilized in these vehicles due to their low cost, reliability and long service life.
Two Wheeler Lead Acid Batteries Market Voltage Insights
The Two Wheeler Lead Acid Batteries Market is segmented by Voltage into 6 V, 12 V, 24 V, and 48 V. Among these, the 12 V segment held the largest market share in 2023, accounting for over 60% of the global revenue. The growth of this segment can be attributed to the increasing demand for two-wheelers in developing countries, where 12 V batteries are commonly used. The 6 V segment is expected to witness a steady growth rate during the forecast period, owing to its use in low-power applications such as electric bicycles and scooters. The 24 V and 48 V segments are expected to gain traction in the coming years, driven by the growing popularity of high-performance electric two-wheelers.Overall, the Two Wheeler Lead Acid Batteries Market is expected to witness significant growth in the coming years, driven by the increasing adoption of electric two-wheelers and the growing demand for reliable and cost-effective batteries.
Two Wheeler Lead Acid Batteries Market Technology Insights
The Two Wheeler Lead Acid Batteries Market is segmented by Technology into Flooded and Valve-Regulated Lead Acid (VRLA). In 2023, the Flooded segment held the largest market share of 67.0%, and the VRLA segment is expected to witness a higher CAGR of 3.9% during the forecast period. Flooded batteries are cheaper and easier to manufacture, making them the preferred choice for low-end two-wheelers. However, VRLA batteries are more efficient and require less maintenance, which is expected to drive their demand in the coming years.
Two Wheeler Lead Acid Batteries Market Regional Insights
North America is expected to hold the largest market share in the Two Wheeler Lead Acid Batteries Market in 2023 and is projected to continue its dominance throughout the forecast period. The region's large two-wheeler industry, particularly in the United States and Canada, is a major driver of market growth. Europe is another significant market for Two Wheeler Lead Acid Batteries, with a strong presence of two-wheeler manufacturers such as Piaggio and Vespa. The APAC region is expected to witness the fastest growth in the Two Wheeler Lead Acid Batteries market during the forecast period, owing to the increasing popularity of two-wheelers in countries such as India, China, and Indonesia.South America and MEA are also expected to contribute to the overall growth of the Two Wheeler Lead Acid Batteries market, driven by the rising demand for two-wheelers in these regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Two Wheeler Lead Acid Batteries Market Key Players and Competitive Insights:
Major players in Two Wheeler Lead Acid Batteries Market have been focusing on expanding their global presence and increasing their production capacities. Leading Two Wheeler Lead Acid Batteries Market players have been investing in research and development to develop new and innovative products. The Two Wheeler Lead Acid Batteries Market industry is highly competitive, with a number of major players competing for market share. The competitive landscape is expected to remain fragmented over the forecast period.Exide Technologies is one of the leading Two Wheeler Lead Acid Batteries Market players globally. The company has a strong presence in North America, Europe, and Asia. Exide Technologies offers a wide range of two wheeler lead acid batteries, including flooded, sealed, and maintenance-free batteries. The company has a strong focus on research and development and is committed to developing new and innovative products.Johnson Controls is another leading Two Wheeler Lead Acid Batteries Market player globally. The company has a strong presence in North America, Europe, and Asia. Johnson Controls offers a wide range of two wheeler lead acid batteries, including flooded, sealed, and maintenance-free batteries. The company has a strong focus on research and development and is committed to developing new and innovative products.
Key Companies in the Two Wheeler Lead Acid Batteries Market Include:
Two Wheeler Lead Acid Batteries Market Industry Developments
The global two-wheeler lead-acid batteries market is projected to reach USD 19.5 billion by 2032, exhibiting a CAGR of 3.67% during the forecast period. Rising demand for electric two-wheelers, particularly in emerging economies, is driving market growth. Government initiatives promoting e-mobility and stringent emission regulations are further contributing to the market's expansion. Additionally, advancements in lead-acid battery technology, such as enhanced power density and longer life, are making them more competitive in the electric vehicle market. Key players in the industry include Exide Technologies, GS Yuasa, and Amara Raja Batteries. Recent developments include the launch of new lead-acid battery models with improved performance and durability, as well as strategic partnerships and acquisitions aimed at expanding market presence and enhancing product offerings.
Two Wheeler Lead Acid Batteries Market Segmentation Insights
| Report Attribute/Metric | Details |
| Market Size 2022 | 13.59(USD Billion) |
| Market Size 2023 | 14.09(USD Billion) |
| Market Size 2032 | 19.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.67% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Surrette Battery Company, Usha Shriram Batteries, Johnson Controls, Leoch International Holdings Limited, Power Sonic, Century Batteries, Amara Raja Batteries, GS Yuasa Corporation, Enersys, East Penn Manufacturing, Exide Industries Limited, Ritar Power, Fiamm, Delkor, C Technologies |
| Segments Covered | Battery Capacity, Application, Voltage, Technology, Regional |
| Key Market Opportunities | ·      Growing electric bike sales ·      Rising demand for lead acid batteries ·      Technological advancements ·      Expanding motorcycle industry ·      Increasing urbanization |
| Key Market Dynamics | ·      Increasing electric vehicle adoption ·      Growing demand for low maintenance batteries Government regulations on emissions ·      Technological advancements ·      Rising cost of raw materials |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Two Wheeler Lead Acid Batteries Market is expected to reach USD 19.5 billion by 2032, exhibiting a CAGR of 3.67% during the forecast period (2024-2032).
North America is projected to account for the largest market share, owing to the increasing demand for two-wheelers in countries such as China, India, and Indonesia.
Rising urbanization, growing disposable income, and increasing environmental concerns are major factors propelling market growth.
The electric two-wheeler segment is expected to register the highest growth rate due to government initiatives promoting electric vehicle adoption.
Key players include Exide Technologies, Johnson Controls, GS Yuasa, and Amara Raja Batteries.
Fluctuating raw material prices, intense competition, and stringent environmental regulations pose challenges to market growth.
The market size is estimated to be USD 14.09 billion in 2023.
The CAGR is projected to be 3.67%.
Asia Pacific is expected to have the fastest growth rate.
Electric two-wheelers are the key application segment.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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