About Motorbike Battery
Motorbike battery is defined as an electrical storage device which store electrical energy. This battery uses a reversible chemical reaction between the acid and the lead in a battery. An increasing use of Lithium-ion batteries due to its high resistance to self-discharge. In addition, it can also hold the charge for several months. Lithium-ion battery's self-discharging is ten times lower as compared to the self-discharge of standard lead-acid batteries. The global motorbike battery market to grow at a CAGR of 6.2% during the period 2018-2025.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global motorbike battery market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Motorbike Battery market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chaowei Power Holdings Ltd. (Hong Kong), Tianneng Battery (China), Johnson Controls (United States), GS Yuasa Corporation (Japan), Exide Technologies (United States), Chuanxi Storage (China), Banner Batteries (United Kingdom), Exide Industries Limited (India), Camel Group Co (China) and Nipress (Indonesia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are East Penn (United States), Leoch (China), Hangzhou Haijiu Battery Co., Ltd. (China), Furukawa Battery (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Motorbike Battery market by Type (Dry shipped and Wet/flooded), Application (Sport Bike, Motorcycle and Scooter) and Region.
On the basis of geography, the market of Motorbike Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Convenience Stores will boost the Motorbike Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement of Motorbike Battery, Development of moldable batteries, Fuel Cells to Replace Batteries in the Motorcycle and Upercapacitors as next-Generation Batteries
Market Growth Drivers:
Development of Super Capacitors as Next-Generation Batteries, Rising Demand for Super Capacitors due to Charged Quickly In Comparison To Lead-Acid Batteries and Increasing Application of Lithium Batteries in Motorcycles
Challenges:
High Prices of Motorbike Products
Restraints:
String Government Regulation Regarding Safety
Opportunities:
Rising Demand from Emerging Economies Such as India, China, and Others
Market Leaders and their expansionary development strategies
In January 2023, LG Energy Solution and Honda Motor Co., Ltd. (Honda) announced the formal establishment of the joint venture (JV) which will produce lithium-ion batteries for electric vehicles (EV) produced by Honda.
In September 2018, the Amara Raja Group (India) Company has entered into a motorcycle battery segment in Bangladesh. Hence, this expansion will help in strengthening the position of the company in Bangladesh.
Key Target Audience
Manufacturers of Motorbike Battery, Suppliers of Motorbike Battery, Wholesalers, Distributors, and Retailers of Motorbike Battery, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.