As per MRFR analysis, the Motorcycle Battery Market Size was estimated at 1.59 (USD Billion) in 2022.The Motorcycle Battery Market Industry is expected to grow from 1.65(USD Billion) in 2023 to 2.4 (USD Billion) by 2032. The Motorcycle Battery Market CAGR (growth rate) is expected to be around 4.23% during the forecast period (2024 - 2032).
Some of the key trends are likely to influence the forecast for the motorcycle battery market. They consist of the growing popularity of electric motorcycle, increasing interest in high-performance batteries, and the appearance of newer battery technologies. Electric motorcycles are anticipated to drive the growth of the motorcycle battery market. This is because electric motorcycles have a number of advantages compared to internal combustion engine motorcycles, such as lower cost of operation, no pollution, and noiseless operation. With the rising trend in the use of electric motorcycles, it is also projected that the market for motorcycle batteries is going to grow tremendously. High-performance batteries are also getting acceptance in the motorcycle market.
These batteries offer higher capacity and higher powers than traditional batteries and are therefore suitable for high-power sport motorcycles. The rising popularity of high-power motorcycles is forecasted to lead to the growth of the motorcycle battery market for high-power batteries. Besides, attitudes towards the motorcycle battery market will change due to the appearance of new battery technologies. Such technologies provide improved performance and lifespan in comparison with typical batteries, which makes them preferable for motorcycle manufacturers and motorcycle users. The kinds of battery technologies being developed are expected to bring about new opportunities for growth in the motorcycle battery market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The great popularity of electric motorcycles over the last few years is conditioned by their tendency to be more ecologically friendly and cheaper in exploitation than more common gasoline motorcycles. This fact leads to considerable growth in the production and increasing demand for motorcycle batteries, especially those designed for electric motorcycles, as they can boast higher productivity and longer exploitation periods. The popularity of electric motorcycles will continue driving the demand for motorcycle batteries.
In many emerging economies, rising disposable income levels are leading to increased consumer spending on leisure activities, including motorcycling. This has resulted in a growing demand for motorcycles, including both new and used vehicles. As motorcycle ownership increases, so does the demand for replacement batteries, as well as batteries for new motorcycles. This trend is expected to continue as disposable income levels continue to rise in developing countries.
Technological Advancements in Motorcycle Batteries
Technological advancements have led to significant improvements in the performance and efficiency of motorcycle batteries. New battery technologies, such as lithium-ion and AGM batteries, offer higher power density, longer lifespans, and faster charging times. These advancements have made motorcycle batteries more appealing to consumers, leading to increased demand for high-performance batteries. The ongoing development of new battery technologies is expected to further drive the growth of the Motorcycle Battery Market Industry.
Motorcycle Battery Market Segment Insights
Motorcycle Battery Market Battery Type Insights
The Motorcycle Battery Market Share, By Battery Type, is segmented by Lead-Acid, Lithium-Ion, Gel, and Absorbent Glass Mat (AGM). The Lithium-Ion battery segment is projected to dominate the market with a CAGR of 5.4% from 2024 to 2032. There has been an increase in the demand for electric motorcycles, and lithium-ion batteries have become increasingly popular due to their higher energy density, lightweight, and extended cycle life. However, it is expected that over time, their market share will decrease as the Li-ion batteries become more affordable and advanced.
The Gel batteries are crucial for high-performance motorcycles and have the advantage of being leak-proof and having a longer lifespan. The AGM batteries have also become popular due to their being spill-proof and having lower maintenance needs. The study of the regional analysis of the Motorcycle Battery Market Share By Battery Type offers insight into the dominant Battery Type in various regions of the world. Asia-Pacific will lead the market due to the high production and sales of motorcycles in the region. North America and Europe are estimated to have steady growth due to their robust motorcycle markets and adaptability to advanced battery technologies.
The Battery Type segment in emerging countries and regions will grow due to the increasing demand for motorcycles. The overall Motorcycle Battery Market Share By Battery Type will witness considerable growth due to the increasing adoption of advanced batteries, especially for electric motorcycles.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Motorcycle Battery Market Voltage Insights
The Voltage segment of the Motorcycle Battery Market is bifurcated into 6V and 12V. The 12V segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The increasing demand for high-performance motorcycles, coupled with the growing popularity of electric motorcycles, is driving the growth of the 12V segment. The 6V segment, on the other hand, is expected to witness a steady growth rate during the forecast period, primarily due to its affordability and widespread usage in low-power motorcycles.
Motorcycle Battery Market Capacity Insights
The Capacity segment of the Motorcycle Battery Market is segmented into 4Ah-10Ah, 10Ah-20Ah, 20Ah-30Ah, and Over 30Ah. Among these, the 10Ah-20Ah segment is expected to dominate the market in 2023, accounting for a revenue share of around 35%. This dominance is primarily driven by the increasing popularity of electric motorcycles and scooters, which typically require batteries in this capacity range. The 20Ah-30Ah segment is projected to grow at the highest CAGR of 5.5% over the forecast period, as it is gaining traction in the electric motorcycle segment.
The Over 30Ah segment is expected to witness moderate growth, primarily driven by the demand for high-performance electric motorcycles.
Motorcycle Battery Market Application Insights
The Motorcycle Battery Market is segmented based on Application into Starter Battery and Auxiliary Battery. The Starter Battery segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for high-performance and reliable batteries for motorcycles. The auxiliary Battery segment is also expected to witness significant growth during the forecast period, owing to the rising adoption of electric and hybrid motorcycles.
Motorcycle Battery Market End-Use Insights
The Motorcycle Battery Market segmentation by End-Use is comprised of OEM and Aftermarket. In 2023, the OEM segment held the larger revenue share. The growth of the OEM segment is attributed to the increasing production of new motorcycles worldwide. The Aftermarket segment is expected to witness significant growth over the forecast period due to the rising demand for replacement batteries for existing motorcycles. The Motorcycle Battery Market revenue for the Aftermarket segment is projected to be around USD 880 million by 2024, exhibiting a CAGR of 4.8% during the forecast period.
Motorcycle Battery Market Regional Insights
The regional segmentation of the Motorcycle Battery Market offers valuable insights into market dynamics across distinct geographical regions. North America holds a significant market share, driven by the presence of leading motorcycle manufacturers and a large consumer base. Europe follows closely, with a mature market and stringent emission regulations favoring the adoption of electric motorcycles and advanced battery technologies. The APAC region is projected to witness the highest growth rate, fueled by the rapidly expanding motorcycle industry in countries like India and China.
South America and the MEA region also present growth opportunities, with increasing demand for motorcycles and the potential for electrification to gain traction in these markets. This regional segmentation enables market players to tailor their strategies and target specific growth areas based on market size, growth potential, and competitive landscape.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in the Motorcycle Battery Market are focusing on expanding their product portfolio, entering into strategic partnerships, and investing in research and development. Leading Motorcycle Battery Market players are utilizing advanced technologies to enhance the performance and durability of their batteries. The Motorcycle Battery Market industry is expected to grow with the increasing demand for motorcycles and the rising popularity of electric vehicles. Competitive Landscape of Motorcycle Battery Market is characterized by intense rivalry between established players and new entrants. Key players are implementing innovative strategies such as mergers and acquisitions to strengthen their market position and gain a competitive edge.
A leading company in the Motorcycle Battery Market is Exide Technologies, which offers a comprehensive range of motorcycle batteries designed to meet the diverse needs of riders. The company's batteries are known for their reliability, durability, and high-performance capabilities. Exide Technologies has a presence and serves a wide customer base. Another prominent player in the Motorcycle Battery Market is Yuasa Battery, recognized for its commitment to quality and innovation. The company's batteries are engineered to provide superior starting power and long-lasting performance. Yuasa Battery has established a strong brand reputation and caters to a loyal customer base.
A key competitor in the Motorcycle Battery Market is Johnson Controls, which operates under the brand name Optima Batteries. The company's batteries are known for their high-performance capabilities and extended service life. Johnson Controls has a strong focus on research and development and is committed to delivering innovative battery solutions. Another major competitor is EnerSys, a leader in stored energy solutions. The company's motorcycle batteries are designed to meet the rigorous demands of high-performance motorcycles. EnerSys has a wide distribution network and is known for its commitment to customer satisfaction.
Optima Batteries
PowerSonic
C Technologies
GS Yuasa
Clarios
Varta
NorthStar Battery
Yuasa Battery
East Penn Manufacturing
Saft
Hawker
EnerSys
Sovereign Power Group
Exide Technologies
Johnson Controls
Motorcycle Battery Market Industry Developments
The Motorcycle Battery Market is projected to reach USD 2.4 billion by 2032, exhibiting a CAGR of 4.23% during the forecast period. Rising disposable income and increasing urbanization in developing economies are driving market growth. Furthermore, government initiatives to promote electric vehicles are expected to positively impact demand. Key industry participants are focusing on developing innovative products with advanced features, such as longer lifespans and faster charging capabilities. Recent developments include the launch of new battery technologies, such as lithium-ion and solid-state batteries, which offer improved performance and durability. Additionally, strategic partnerships and acquisitions among market players are expected to shape the competitive landscape in the coming years.
Motorcycle Battery Market Segmentation Insights
Motorcycle Battery Market Battery Type Outlook
Lead-Acid
Lithium-Ion
Gel
Absorbent Glass Mat (AGM)
Motorcycle Battery Market Voltage Outlook
6V
12V
Motorcycle Battery Market Capacity Outlook
4Ah-10Ah
10Ah-20Ah
20Ah-30Ah
Over 30Ah
Motorcycle Battery Market Application Outlook
Starter Battery
Auxiliary Battery
Motorcycle Battery Market End-Use Outlook
OEM
Aftermarket
Motorcycle Battery Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 1.59(USD Billion) |
| Market Size 2023 | 1.65(USD Billion) |
| Market Size 2032 | 2.4(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.23% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Optima Batteries, PowerSonic, C Technologies, GS Yuasa, Clarios, Varta, NorthStar Battery, Yuasa Battery, East Penn Manufacturing, Saft, Hawker, EnerSys, Sovereign Power Group, Exide Technologies, Johnson Controls |
| Segments Covered | Battery Type, Voltage, Capacity, Application, End-Use, Regional |
| Key Market Opportunities | Electric Vehicle AdoptionRising Fuel CostsIncreasing UrbanizationBattery Technology AdvancementsGovernment Incentives |
| Key Market Dynamics | 1 Increasing demand for electric vehicles2 Rising sales of high-performance motorcycles3 Growing adoption of lead-acid batteries4 Technological advancements in battery technology5 Government regulations promoting EV adoption |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The motorcycle battery market is expected to reach a valuation of USD 2.4 billion by 2032, expanding at a CAGR of 4.23% from 2024 to 2032.
North America is projected to account for the largest market share and is expected to maintain its dominance throughout the forecast period. The region's growth is attributed to the increasing production and sales of motorcycles, particularly in countries like China, India, and Indonesia.
Major factors driving the growth of the motorcycle battery market include the rising demand for motorcycles, the increasing adoption of electric motorcycles, and the growing popularity of adventure and off-road riding.
The primary application of motorcycle batteries is in starting and powering motorcycles. However, advancements in battery technology have led to their use in various other applications, such as powering electric motorcycles, providing backup power for electronic devices, and even as energy storage solutions in off-grid locations.
Key players in the motorcycle battery market include Exide Technologies, Johnson Controls, Clarios, GS Yuasa, and EnerSys. These companies are investing in research and development to enhance battery performance, durability, and lifespan.
The motorcycle battery market faces challenges such as intense competition, fluctuating raw material prices, and the need for ongoing technological advancements. Additionally, environmental regulations and the push for sustainable practices may impact the market dynamics.
Emerging trends in the motorcycle battery market include the development of lightweight and high-performance batteries, the adoption of advanced battery management systems, and the integration of batteries with other motorcycle components. Additionally, there is a growing focus on eco-friendly and sustainable battery solutions.
The motorcycle battery market is expected to grow at a CAGR of 4.23% from 2024 to 2032, reaching a valuation of USD 2.4 billion by 2032.
Factors driving the growth of the motorcycle battery market include the increasing demand for motorcycles, the rising adoption of electric motorcycles, and the growing popularity of adventure and off-road riding. Additionally, technological advancements and government initiatives promoting electric vehicles are contributing to market growth.
Asia Pacific is the dominant region in the motorcycle battery market, followed by North America and Europe. The growth in Asia Pacific is primarily attributed to the increasing production and sales of motorcycles in countries like China, India, and Indonesia.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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