Key Factors Fueling the Growth of the Two Wheeler Lead Acid Batteries Market in 2025: Impact Of Electric Bikes On The Two-Wheeler Lead-Acid Batteries Market
Discover trends, market shifts, and competitive outlooks for the two wheeler lead acid batteries industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What is the Anticipated CAGR of the Two Wheeler Lead Acid Batteries Market, and What Factors Will Drive It?
The market size for two-wheeler lead acid batteries has seen robust growth in the recent past. Its value is predicted to escalate from $5.11 billion in 2024 to $5.5 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. The expansion during the historical phase is attributable to factors such as a rise in disposable income, boosted sales of electric bikes, an upsurge in motorcycle production, the emergence of more two-wheeler rental services, and the growing usage of motorcycles for last-mile delivery.
The market size of lead acid batteries for two wheelers is forecasted to experience substantial growth in the coming years, expanding to $7.31 billion in 2029 with a 7.3% compound annual growth rate (CAGR). This projected growth within the forecast period can be credited to elevated sales of two-wheelers, increasing urbanization, growing disposable incomes, government incentives for electric vehicles, and a surge in scooter demand. Key trends for the forecast period encompass electric vehicles, progression in lead-acid battery technology, amalgamation of smart technologies, hybrid frameworks, and rapid charging features.
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How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Two Wheeler Lead Acid Batteries Market?
An increase in the popularity of electric bikes is predicted to fuel the expansion of the two-wheeler lead-acid batteries market in the future. Electric bikes, also known as e-bikes, are bicycles featuring an inbuilt electric motor that aids in propulsion. These bikes generally house a rechargeable battery which energizes the motor, offering different levels of support to the cyclist’s pedaling actions. The preference for electric bikes can be attributed to their handiness, eco-friendly nature, and technological progressions, providing supported propulsion via a built-in electric motor and rechargeable battery. Two-wheeler lead-acid batteries are employed in electric bikes to conserve electrical energy, allowing them to boost the cyclist’s pedaling actions or energize the whole propulsion system in certain e-bike models. To illustrate, the Office of Energy Efficiency and Renewable Energy, a government agency based in the US, reported in December 2023 that e-bike sales in the United States had exceeded one million units in 2022. Consequently, the climbing demand for electric bikes stimulates the development of the two-wheeler lead-acid battery market.
How Is the Two Wheeler Lead Acid Batteries Market Segmented?
The two wheeler lead acid batteries market covered in this report is segmented –
1) By Type: Valve Regulated Lead Acid (VRLA) Batteries, Flooded
2) By Capacity: Less Than 5 Ampere Hour, 5 Ampere Hour To 10 Ampere Hour, 10 Ampere Hour To 20 Ampere Hour, Above 20 Ampere Hour
3) By Technology: Internal Combustion (IC) Engine, Electric
4) By Two Wheeler: Motorcycles, Scooters
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Valve Regulated Lead Acid (VRLA) Batteries: Absorbent Glass Mat VRLA Batteries, Gel VRLA Batteries
2) By Flooded: Conventional Flooded Lead Acid Batteries, Maintenance-Free Flooded Lead Acid Batteries
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What Are the Fastest-Growing Geographies in the Two Wheeler Lead Acid Batteries Market?
Asia-Pacific was the largest region in the two-wheeler lead acid batteries market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the two wheeler lead acid batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Key Market Trends and Innovations Are Shaping the Future of the Two Wheeler Lead Acid Batteries Industry?
Key players in the two-wheeler lead-acid batteries market are prioritizing the creation of innovative products, like lithium batteries, in order to augment performance and lastingness. Lithium or lithium-ion (Li-ion) batteries, which are rechargeable, leverage lithium ions due to their high energy density, lightweight attributes, and long lifespan. This renders them vital for portable electronics, electric vehicles (EVs), and energy storage systems. For example, in January 2024, Ipower Batteries Private Ltd., a company based in India that produces batteries, introduced graphene-series lead-acid batteries to the Indian market. These batteries are recognized for their boosted energy efficiency, quick charging capabilities, extended lifespan, and heightened deep discharge resilience when compared to traditional lead-acid batteries. The characteristics of graphene also result in superior thermal management and lowered weight, positioning them as a significant development in battery technology for a range of applications, such as automotive and renewable energy storage.
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How Is the Two Wheeler Lead Acid Batteries Market Defined and What Are Its Core Parameters?
Two-wheeler lead-acid batteries are rechargeable batteries explicitly made to power two-wheeled vehicles such as motorcycles, scooters, and other two-wheeled vehicles. These batteries utilize lead plates submerged in an electrolyte solution to store electrical energy and are used to power the vehicle’s ignition system, lights, and other electrical components.
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