A battery is a group of electric cells that can produce a direct current by converting chemical energy into electrical energy. The battery in a two-wheeler serves various purposes. Apart from the general self-starter application, the batteries in two wheelers are also used for operating components, such as headlights, side indicators, tail lights, horns and other electric components. Environment friendly vehicles, such as electric and solar vehicles, also require a battery for their operation. The battery used in electric vehicles is of higher voltage than the battery used in conventional vehicles.
With growing environmental regulations regarding exhaust emission from vehicles, the demand for electric vehicles is rising at a significant pace. Electric power is a cleaner and cheaper source of energy in comparison to conventional fuels. Electric power also helps in reducing CO2 emission. Increasing demand for light weight vehicles will promote the demand for lithium-ion batteries due to their small size and lesser weight. Increasing overall two-wheeler demand is expected to propel the demand for two-wheeler batteries during the forecast period
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Two-wheeler Battery Market: Dynamics
Growing urbanization in developing countries is expected to be the key driver for the growth of the two wheeler market and will influence the market of two-wheeler batteries positively. Growing population and increasing demand for transportation are the two factors expected to drive the demand for two wheelers and in turn, two-wheeler batters. Two wheelers, being the fastest mode of commute, are a rapidly growing segment, especially in the middle-class category.
Increasing traffic congestion and environmental pollution are expected to further propel the demand for two wheelers as well as two-wheeler batteries during the forecast period. Inconvenient public transport in most of the regions is one of the key reasons responsible for the growth of the two-wheeler battery market. However, improper maintenance of a battery can lead to battery failure or shortening of its life. This particular factor is expected to drive the aftermarket sales channel in the two-wheeler battery market.
Two-wheeler Battery Market: Key Participants
Examples of some of the market participants identified across the value chain of the global two wheeler battery market include:
- Amaron
- Excide
- TATA AutoComp GY Batteries Pvt. Ltd.
- Hero Eco
- AMCO
- Solance Batteries
- Silver Battery Manufacture
- Gem Batteries.
- GREENMAX SYSTEMS
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Two-wheeler Battery Market: Segment
The global two wheeler battery market can be segmented on the basis of battery type, vehicle type, voltage, chemical composition and sales channel.
On the basis of vehicle type, the global two wheeler battery market can be segmented into:
- Mopeds
- Motorcycles
- Scooters
By chemical composition type, the global two wheeler battery market can be segmented into::
- Lead acid battery
- Lithium ion battery
- Others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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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.
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