Motorcycle Battery Market By Type (Wet cell battery, Dry cell battery, Gel motorcycle battery), By Battery Type (Lithium-ion battery, Lead-acid battery, Others), By Motorcycle Type (Standard, Sports, Cruiser, Others), By Propulsion Type (Internal Combusti

Motorcycle Battery Market By Type (Wet cell battery, Dry cell battery, Gel motorcycle battery), By Battery Type (Lithium-ion battery, Lead-acid battery, Others), By Motorcycle Type (Standard, Sports, Cruiser, Others), By Propulsion Type (Internal Combustion Engine (ICE), Electric): Global Opportunity Analysis and Industry Forecast, 2023-2032

The report incorporates the study of the global motorcycle battery market that focuses on the two-wheeled vehicle battery used in ICE or electric vehicles. Batteries used in motorcycles are used to power components used in a motorcycle and helps in smoother ignition of ICE vehicles. Some commonly available EV batteries include lithium-ion, nickel-metal hydride, and lead-acid batteries. These batteries find their wider application in different type of vehicles such as ICE & electric based. They assist in minimizing carbon emissions, eliminating fuel dependency, reducing maintenance costs, and generating high energy per unit mass.

Developments have been carried out by the key players operating across the globe for offering durable motorcycle batteries, which created a wider scope for the growth of the market across the globe. Companies such as EXIDE INDUSTRIES LTD., KOYO BATTERY CO., LTD., and Amara Raja Group have been offering a wider range of two-wheeler batteries, which supplements the growth of the market across the globe.

The motorcycle battery market is witnessing significant growth, driven by a surge in motorcycle ownership across the globe. The increase in popularity of motorcycles as a cost-effective and fuel-efficient mode of transportation, coupled with a rise in affinity for recreational riding, has fueled the demand for reliable and high-performance batteries. Governments of various countries have taken initiatives to reduce carbon footprints by encouraging use of electric bikes, electric vehicles, and bicycles, owing to rise in awareness toward hazardous effects of using vehicles running on fossil fuels. Moreover, governments across the globe are coaxing vehicle manufacturers to reduce carbon emissions caused by diesel fuel combustion and tackle greenhouse gas emissions, in turn, pushing them to invest in developing electric vehicles.

In addition, governments around the world are supporting the purchase of electric vehicles, in terms of tax credits and incentives. Moreover, central governments of a few countries such as India, China, and Japan are providing exemption from highway toll tax for electric vehicles. For instance, for faster adoption of electric vehicles, the government of India plans to lower the goods & service tax (GST) on EVs from 5% to 12%. Similarly, the government of South Korea has announced that it will be providing $900 million tax exemptions and subsidies for development and purchase of electric and fuel cell vehicles. Thus, increase in government support for development and purchase of electric vehicles, in terms of tax credits, subsidies and incentives, is one of the major factors that is anticipated to propel the demand for electric vehicles, which in turn is projected to generate lucrative market opportunity for the growth of motorcycle battery market in the forecast period.

Factors such as growth in demand for zero emission vehicles and reduction in cost of electric vehicle batteries drives the growth of the market across the globe. However, factors such as stringent lead pollution norms and instability in the prices of the raw material creates a barrier affecting the growth of the market across the globe. Moreover, factors such as evolution of lithium-ion technology and proactive government initiatives are the factors that create lucrative opportunities for the growth of the market across the globe. 

The key players profiled in the report are Exide Industries LTD., Scorpion Battery, Inc., Robert Bosch GmbH, SF Batteries, KOYO Battery Co., Ltd., GS Yuasa International Ltd., BS Battery, Amara Raja Group, LEOCH International Technology Limited Inc, and Johnson Controls.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the motorcycle battery market analysis from 2022 to 2032 to identify the prevailing motorcycle battery market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the motorcycle battery market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global motorcycle battery market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

Dry cell battery
Gel motorcycle battery
Wet cell battery

By Battery Type

Lithium-ion battery
Lead-acid battery
Others

By Motorcycle Type

Standard
Sports
Cruiser
Others

By Propulsion Type

Internal Combustion Engine (ICE)
Electric

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

EXIDE INDUSTRIES LTD.
Robert Bosch GmbH
SF Batteries
GS Yuasa International Ltd.
Amara Raja Group
Johnson Controls
Scorpion Battery, Inc.
KOYO BATTERY CO., LTD.
BS BATTERY
leoch International Technology Limited Inc

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