About Lead Acid Motive Battery
A lead-acid motive battery is a portable energy source that provides electric power to small transport vehicles. The battery’s chemical energy is converted into electrical energy and provided to the motor of the electric vehicle. Additionally, motive battery powers accessories such as headlights on the vehicle. These are designed to have a higher ability to be deep-cycled and a long lifetime. The emergence of electric vehicles that have a low carbon footprint will drive the demand for lead-acid motive batteries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
EnerSys (United States), Exide Industries (India), Clarios (United States), Panasonic (Japan), Hitachi Chemical (Japan), Exide Technologies (United States), Amara Raja Power System (India), Okaya Power (India), Chaowei Power (China) and Narada Power (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are HBL Power Systems (India), Crown Battery (United States), NorthStar (Sweden), Teledyne Technologies (United States), East Penn (United States), Hankook AltasBX (Korea), HOPPECKE (Germany), C&D Technologies (United States), Rolls Battery (Canada), GS Yuasa (China), Camel Power (Malaysia), XUPAI Battery (China), Leoch International Technology (Hong Kong), Harbin Coslight Power (China) and First National Battery (South Africa).
Segmentation Overview
AMA Research has segmented the market of Global Lead Acid Motive Battery market by Type (VRLA Battery, Flooded Battery and Other), Application (Forklift Trucks, Golf Carts, Boats and Mobility Aids, Electric Vehicles and Others) and Region.
On the basis of geography, the market of Lead Acid Motive 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, the sub-segment i.e. OEM will boost the Lead Acid Motive Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Plate Thickness, the sub-segment i.e. 1.8- 2.8mm will boost the Lead Acid Motive Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Demand for Club Cars Is the Key Driver and Growing Demand for Boats As a Means of Transport Is Fueling Demand
Challenges:
Designing Batteries That Have Long Life
Restraints:
Availability of Substitutes Such As Li-On Battery
Opportunities:
Expanding Markets in Developing Nations Will Raise Demand and The Emergence of Electric Vehicles to Curb Pollution
Market Leaders and their expansionary development strategies
In April 2023, EnerSys, the global leader in stored energy solutions for industrial applications, has acquired Industrial Battery and Charger Services Limited (IBCS), a leading battery service and maintenance provider and The acquisition represents a strategic move for EnerSys, enabling the company to expand its motive power service offerings and strengthen its presence in the UK market.
In March 2024 , Green Cubes Technology (Green Cubes), the leader in producing Lithium-ion (Li-ion) power systems that facilitate the transition from lead-acid batteries and Internal Combustion Engine (ICE) power to green Lithium-ion (Li-ion) battery power, announced Lithium SAFEFlex PLUS Motive Power Lithium Batteries. The batteries are sized to fit the standard material handling lead acid battery compartment and meet truck battery weight requirements.
Key Target Audience
Lead Acid Motive Battery Manufacturer, Lead Acid Motive Battery Traders/Distributors/Suppliers, Lead Acid Motive Battery Raw Material Supplier, Lead Acid Motive Battery End-Users, Downstream Vendors, Potential Technology Investors 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.