"Market Intelligence for High-Geared Performance"
Two-wheeler batteries are rechargeable power sources that provide electrical energy to start the engine and power the electrical components of a motorcycle, scooter, or moped. These batteries are primarily lead-acid or lithium-ion batteries, and they come in a variety of sizes and capacities to accommodate various types of two-wheelers. The longevity of a two-wheeler battery is determined by factors such as usage, maintenance, and climate. Selecting the correct battery for your two-wheeler is critical to ensure peak performance and avoid failures.
Electric and solar vehicles also require a battery to operate. The battery in electric automobiles is more powerful than the battery in conventional vehicles. With increasing environmental regulations concerning exhaust emissions from vehicles, the demand for electric vehicles is growing significantly.
Increasing demand for two-wheelers is expected to increase the demand for two-wheeler batteries during the forecast period. Growing urbanization in developing countries will also play a crucial factor in the growth of the two-wheeler market and will eventually increase the demand for two-wheeler batteries. Especially in the rural parts of developing countries, public transport is not very well connected; this is also responsible for the growth of the two-wheeler market and hence, the two-wheeler battery market.
The COVID-19 pandemic significantly impacted all industries across the globe due to the lockdowns imposed by the governments in several nations. But the pandemic had a mixed impact on the two-wheeler battery market. Due to supply chain disruptions, the industry faced a shortage of raw materials and components required to manufacture two-wheeler batteries, which led to delayed production. Also, with lockdown restrictions enforced in many countries, the demand for two-wheelers decreased in the initial stages of the pandemic; this, in turn, resulted in a decline in the demand for two-wheeler batteries.
On the other hand, with the pandemic increasing the focus on sustainability and environmental protection, there has been a shift towards e-bikes and e-scooters. This led to increased demand for the lithium-ion battery used in these vehicles. Additionally, as the restrictions loosened and people resumed traveling, they refrained from using mass-transit systems and started opting for personal mobility options like bikes and scooters; this surge in demand for two-wheelers after the loosening of Covid-19 restrictions propelled the growth of two-wheeler market, which eventually had a positive impact on the two-wheeler battery market.
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By Battery Type |
By Vehicle Type |
By Chemical Composition |
By Voltage Type |
By Distribution Channel |
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The Asia Pacific is expected to dominate the two-wheeler market. It is expected to grow rapidly from 2020 to 2028 as this region has the top four countries, China, India, Indonesia, and Vietnam, which are the largest markets for two-wheelers.
As these economies are developing, the disposable income of the population in these economies is less as compared to the developed economies making two-wheelers a more attractive option than four-wheelers. Also, inconvenient public transport in these developing economies will propel the demand for the two-wheelers market in this region, and if the two-wheeler market grows, it will lead to the growth of the two-wheeler battery market.
The report includes profiles of key players such as Amara Raja Batteries Ltd.; Exide Ltd.; TATA AutoComp GY Batteries Pvt. Ltd.; Hero Eco; AMCO Batteries Ltd.; Solance Batteries; GS YUASA; Clarios Ltd.; Koyo Battery Co. Ltd.; Silver Battery Manufacture; GREENMAX SYSTEMS, and others.
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