Author: Vikas Kumar
13 January 2023
The global motorcycle battery market is expected to grow at a significant rate of around 4% during the forecast period. A motorcycle battery is composed of multiple cells housed in a plastic casing the growth of the market is impacted by the tremendous growth of the two-wheeler market. In addition, the rising demand for batteries in the automotive sector is due to manufacturers investing more in R&D and the widespread use of electric vehicles. Moreover, electric vehicles produce less pollution than conventional vehicles. Additionally, there are several developments made by key players. For instance, GS Yuasa and NTT Com will create AI Technology to detect early signs of failure in Storage Battery Systems, thus contributing to the development of safe, secure, and stable infrastructure for a Carbon-Neutral Society.
The motorcycle battery market has been negatively impacted by the COVID-19 pandemic. Due to social distancing norms and a shortage of manpower. Additionally, the demand was significantly impacted by the dramatic drop in consumer spending. Furthermore, the motorcycle battery market for motorcycle products, including different motorcycle battery storage systems, was significantly impacted by customers’ reduced spending during the lockdown.
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Based on type, the motorcycle battery market is segmented into lithium-ion and lead-acid. Amongst them, the lithium-ion battery category is to witness lucrative growth during the forecast period. This is mainly due to these batteries have a high resistance to self-discharge and can keep their charge for a long time because their self-discharge rate is ten times lower than that of standard lead-acid batteries, which will drive the growth of the market.
Based on the build, the market is classified into SLI battery, AGM battery, and lithium battery. During the forecast period, the lithium-ion category holds the dominant position in the market. The lithium-ion battery is preferred over other batteries because of its light weight (50–60% less than the lead-acid equivalent), extremely high density, and superior efficiency to other solar batteries which will boost the growth of the segment during the forecast period.
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For a better understanding of the adoption of motorcycle batteries, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. The Asia Pacific is projected to hold the largest share of the motorcycle battery market by 2028, because of the elevated investments in developing countries like China and India. In addition, the growing number of investment opportunities in new motorcycle power projects will further influence the market growth in this region. For instance, in April 2019, the four biggest Japanese manufacturers Honda, Kawasaki, Suzuki, and Yamaha announced to work together towards standardizing battery swapping technology for electric motorcycles. This is a significant step taken by the leading manufacturers and will be pivotal in establishing consumer confidence in electric motorcycles, especially because Honda is a part of this consortium.
Some of the major players operating in the EnerSys, GS Yuasa International Ltd., BS-Battery, Exide Industries Ltd., Batterie Unibat, Robert Bosch GmbH, Deltran Battery Tender, Dynavolt, Johnson Controls International, and KOYO BATTERY CO. LTD.
Motorcycle Battery Market Segmentation
Market Insight, by Type
Market Insight, by Build
Market Insights, by Vehicle type
Market Insight, by Region
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