Two-Wheeler Lead Acid Batteries Market will be Grow to to 19.5 (USD billion), at a CAGR of 3.67% by 2032

Sep 25, 2024 11:11 AM ET

Two Wheeler Lead Acid Batteries Market Overview:

The Two Wheeler Lead Acid Batteries Market Size was projected by MRFR study to reach 13.59 (USD Billion) in 2022. It is anticipated that the market for two-wheeler lead acid batteries would increase from 14.09 (USD billion) in 2023 to 19.5 (USD billion) in 2032. During the forecast period (2024 – 2032), the compound annual growth rate (CAGR) for the two-wheeler lead acid batteries market is estimated to be around 3.67%.

The Two Wheeler Lead Acid Batteries market plays a vital role in the global automotive industry, as these batteries power millions of motorcycles, scooters, and other two-wheeled vehicles worldwide. Lead acid batteries, known for their affordability and reliability, have long been the standard choice for powering two-wheelers, especially in regions like Asia-Pacific, where motorcycles are a primary mode of transportation.

In this blog, we’ll discuss the key aspects of the Two Wheeler Lead Acid Batteries market, including its growth, drivers, challenges, and future trends.

What are Lead Acid Batteries?

Lead acid batteries are rechargeable batteries made up of lead and sulfuric acid. They have been around for more than 150 years, making them one of the oldest battery types still in use today. These batteries are widely used in two-wheelers due to their durability, low cost, and ability to deliver high power during start-up.

The primary advantage of lead acid batteries is their affordability compared to other battery types like lithium-ion. However, they are heavier and have a shorter lifespan.

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Key Companies in the Two Wheeler Lead Acid Batteries Market Include:

Surrette Battery Company

Usha Shriram Batteries

Johnson Controls

Leoch International Holdings Limited

Power Sonic

Century Batteries

Amara Raja Batteries

GS Yuasa Corporation

Enersys

East Penn Manufacturing

Market Growth and Demand

The market for two-wheeler lead acid batteries is growing steadily. Several factors contribute to this growth:

Rising Two-Wheeler Ownership: In many developing countries, two-wheelers are a preferred mode of transport due to their affordability and fuel efficiency. The increase in two-wheeler sales directly boosts the demand for lead acid batteries.
Urbanization and Traffic Congestion: As more people move to urban areas, the need for small, efficient vehicles like motorcycles and scooters has surged. Two-wheelers help navigate congested city roads, and every one of these vehicles requires a battery to run.
Replacement Battery Market: Lead acid batteries typically last for a few years, meaning that owners need to replace them regularly. This creates a strong replacement battery market, ensuring a consistent demand for lead acid batteries.
Affordability: Lead acid batteries are much cheaper compared to other types of batteries like lithium-ion. This makes them a popular choice for budget-conscious two-wheeler owners.

Regional Insights

The two-wheeler lead acid batteries market is mainly driven by demand from the Asia-Pacific region. Countries like India, China, Indonesia, and Vietnam are major contributors to this market due to their high two-wheeler sales. In India, for example, motorcycles and scooters are the most popular vehicles, and lead acid batteries are widely used in these vehicles.

India: The Indian market is one of the largest for two-wheelers, and the demand for lead acid batteries here is substantial. Factors such as increasing disposable incomes, rapid urbanization, and affordable transportation have contributed to this growth.

China: China is not only a major producer but also a significant consumer of two-wheeler lead acid batteries. With its massive two-wheeler market, China plays a crucial role in shaping the global demand for these batteries.

Southeast Asia: Countries like Vietnam, Indonesia, and Thailand also have a high demand for two-wheeler lead acid batteries, driven by the popularity of motorcycles as a primary means of transportation.

Challenges in the Market

While the two-wheeler lead acid batteries market is thriving, it also faces several challenges:

Environmental Concerns: Lead acid batteries contain toxic materials, and improper disposal can lead to environmental pollution. Governments worldwide are implementing stricter regulations to ensure safe recycling and disposal of these batteries.
Competition from Lithium-Ion Batteries: Lithium-ion batteries are becoming more popular due to their lightweight design, longer lifespan, and faster charging capabilities. Though currently more expensive, the cost of lithium-ion batteries is decreasing, posing a threat to lead acid batteries in the two-wheeler segment.
Technological Advancements: As battery technology evolves, newer, more efficient battery types are emerging. This can reduce the demand for traditional lead acid batteries in the future.

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Future Trends

Despite the challenges, the two-wheeler lead acid batteries market is expected to remain significant in the coming years. Some of the key trends to watch out for include:

Technological Improvements: Manufacturers are focusing on improving the lifespan and efficiency of lead acid batteries. This includes enhancing charge capacity and making the batteries more environmentally friendly.
Shift to Electric Vehicles: As electric two-wheelers gain popularity, the demand for lead acid batteries may shift. However, for now, lead acid batteries continue to be used in electric scooters and bikes due to their cost-effectiveness.
Recycling Initiatives: Governments and companies are putting more effort into the recycling of lead acid batteries. This helps reduce the environmental impact and promotes a circular economy.
Hybrid Solutions: Some manufacturers are exploring hybrid battery technologies that combine the best aspects of lead acid and lithium-ion batteries. This could help bridge the gap between affordability and performance.

The Two Wheeler Lead Acid Batteries market is a crucial component of the global two-wheeler industry. Its growth is driven by increasing two-wheeler ownership, particularly in developing countries, and the affordability of lead acid batteries. However, environmental concerns and the rise of lithium-ion technology pose challenges to its future.

As battery technology continues to evolve, the lead acid battery market will need to adapt to remain relevant. For now, it remains a reliable and cost-effective solution for powering millions of two-wheelers worldwide.

Two Wheeler Lead Acid Batteries Market Segmentation Insights

Two Wheeler Lead Acid Batteries Market Battery Capacity Outlook

Up to 36 Ah

36 Ah to 60 Ah

60 Ah to 80 Ah

Above 80 Ah

Two Wheeler Lead Acid Batteries Market Application Outlook

Electric Scooters

Electric Motorcycles

Electric Bicycles

Two Wheeler Lead Acid Batteries Market Voltage Outlook

6 V