Global Motorcycle Battery Market: Top share, size with high steady revenue with in market and growth & forecast 2021-2027
A comprehensive overview of the motorcycle battery market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Motorcycle battery market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels. The motorcycle battery market is likely to showcase a robust growth of around 4% during the forecast period (2021-2027).
Market Overview
The global motorcycle battery market is expected to grow at a significant rate of around 4% during the forecast period. A motorcycle battery is composed of multiple cells housed in a plastic casing the growth of the market is impacted by the tremendous growth of the two-wheeler market. In addition, the rising demand for batteries in the automotive sector is due to manufacturers investing more in R&D and the widespread use of electric vehicles. Moreover, electric vehicles produce less pollution than conventional vehicles. Additionally, there are several developments made by key players. For instance, GS Yuasa and NTT Com will create AI Technology to detect early signs of failure in Storage Battery Systems, thus contributing to the development of safe, secure, and stable infrastructure for a Carbon-Neutral Society.
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COVID-19 Impact
The motorcycle battery market has been negatively impacted by the COVID-19 pandemic. Due to social distancing norms and a shortage of manpower. Additionally, the demand was significantly impacted by the dramatic drop in consumer spending. Furthermore, the motorcycle battery market for products, including different storage systems, was significantly impacted by customers' reduced spending during the lockdown.
The motorcycle battery market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By type, the market is primarily bifurcated into:
· Lithium-Ion
· Lead-Acid
Based on type, the motorcycle battery market is segmented into lithium-ion and lead-acid. Amongst them, the lithium-ion battery category is to witness lucrative growth during the forecast period. This is mainly due to these batteries have a high resistance to self-discharge and can keep their charge for a long time because their self-discharge rate is ten times lower than that of standard lead-acid batteries, which will drive the growth of the market.
By build, the market is primarily bifurcated into:
· SLI Battery
· AGM Battery
· Lithium Battery
Based on build, the market is classified into SLI battery, AGM battery, and lithium battery. During the forecast period, the lithium-ion category holds the dominant position in the market. The lithium-ion battery is preferred over other batteries because of its light weight (50–60% less than the lead-acid equivalent), extremely high density, and superior efficiency to other solar batteries which will boost the growth of the segment during the forecast period.
Motorcycle battery Market Geographical Segmentation Includes:
· North America
Ø United States
Ø Canada
Ø Rest of North America
· Europe
Ø Germany
Ø France
Ø Spain
Ø United Kingdom
Ø Italy
Ø Rest of Europe
· Asia-Pacific
Ø China
Ø India
Ø Japan
Ø Australia
Ø Rest of Asia-Pacific
· Rest of World
For a better understanding of the adoption of motorcycle batteries, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. The Asia Pacific is projected to hold the largest share of the motorcycle battery market by 2028, because of the elevated investments in developing countries like China and India. In addition, the growing number of investment opportunities in new motorcycle power projects will further influence the market growth in this region. For instance, in April 2019, the four biggest Japanese manufacturers Honda, Kawasaki, Suzuki, and Yamaha announced to work together towards standardizing battery swapping technology for electric motorcycles. This is a significant step taken by the leading manufacturers and will be pivotal in establishing consumer confidence in electric motorcycles, especially because Honda is a part of this consortium.
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The major players targeting the market includes:
· EnerSys
· GS Yuasa International Ltd.
· BS-Battery
· Exide Industries Ltd.
· Batterie Unibat
· Robert Bosch GmbH
· Deltran Battery Tender
· Dynavolt
· Johnson Controls International
· KOYO BATTERY CO. LTD
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Motorcycle battery market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the motorcycle battery market?
· Which factors are influencing the motorcycle battery market over the forecast period?
· What are the global challenges, threats, and risks in the motorcycle battery market?
· Which factors are propelling and restraining the motorcycle battery market?
· What are the demanding global regions of the motorcycle battery market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.
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Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE MOTORCYCLE BATTERY MARKET
6 MOTORCYCLE BATTERY MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY BUILD
9 MARKET INSIGHTS BY VEHICLE TYPE
10 MARKET INSIGHTS BY REGION
11 MOTORCYCLE BATTERY MARKET DYNAMICS
12 MOTORCYCLE BATTERY MARKET OPPORTUNITIES
13 MOTORCYCLE BATTERY MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
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