Motorcycle Lead Acid Battery Market Estimated to Exhibit high CAGR through 2027

Primarily used in motorcycles, absorbent glass mat (AGM) batteries are gaining significant traction in the global market due to their properties such as swift recharge and high voltage capability.

Motorcycles are experiencing a significant surge in demand in regions such as North America and Europe, while Asia Pacific has always been a region with high demand. As such, the demand for motorcycle lead acid batteries such as AGM is expected to rapidly increase over the forecast period. The global motorcycle lead acid battery market is projected expand at a CAGR of 5.6% during the forecast period of 2019-2027.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10908

Key Takeaways of Motorcycle Lead Acid Battery Study

  • Increasing electrification and modification in motorcycles has driven the requirement for more powerful batteries. This has led to increasing preference for AGM batteries in Europe and North America.
  • Increasing production of electric motorcycles and rising number of motorcycles are driving new orders and contracts related to lead acid batteries.
  • With improvements in the economy, automobile sales are booming, which is boding well for the SLI (starting, lighting, and ignition) lead acid batteries, since these are the preferred choice for powering internal combustion engine-based automobiles.
  • Since the motorcycle lead acid battery market is demand-driven, growth depends on customer preferences and sentiments across all regions. India, China, and South East Asian countries are expected to hold major market share in the coming years.
  • Lead acid battery technology is facing stiff competition from alternative technologies that are being inculcated in batteries, such as lithium ion (Li-ion), zinc-air, and nickel metal hydride (Ni-MH).

The APAC motorcycle lead acid battery market is expected to offer the most opportunities, owing to increasing demand for motorcycles in countries such as China and India. Moreover, motorcycles are expected to be extensively utilized as a transport option across Africa, boosting the demand for motorcycle lead acid batteries at a rapid pace in the region.

Competitive Landscape

Key players involved in the motorcycle lead acid battery market include Bosch Limited, Banner Battery, Dynavolt Renewable Energy Technology Co., Ltd., Leoch International Technology Limited Inc., Chaowei Power, Deltran Battery Tender, Southern Batteries Pvt. Ltd., and Camel Group Co., Ltd. among others.

Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-10908

 

MOTORCYCLE LEAD ACID BATTERY MARKET TAXONOMY

Motorcycle Lead Acid Battery Market: Segmentation

Vehicle Type

  • Motorcycles
  • Scooters

Sales Channel

  • OEMs
  • Aftermarket

Region

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

More related links:

https://howtolive.tribe.so/post/battery-energy-storage-system-market-will-hit-32-cagr-through-2026-accordin–627d29292a4a73da9dd45057

https://mayokodozite.tribe.so/post/battery-energy-storage-system-market-expected-to-increase-32-cagr-through-2–627d2948edc8fe4477d39a0b

https://rigenrin.tribe.so/post/battery-energy-storage-system-market-expected-to-witness-32-cagr-through-20–627d296a3f201f4df737e952

https://sharequant.tribe.so/post/battery-energy-storage-system-market-to-grow-32-cagr-through-2026-according–627d29eac0888cf4f41affdc

https://itsthesa.tribe.so/post/battery-energy-storage-system-market-poised-to-register-32-cagr-through-202–627d2a1395e5d3922eed40e6

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedInTwitterBlogs

Leave a comment

Your email address will not be published. Required fields are marked *