Global Two-Wheeler Lead Acid Batteries Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. A secondary cell, or rechargeable battery, is a lead-acid battery. It is quite popular in automobiles and trucks. In a sulfuric acid solution, it comprises lead and lead (IV) oxide plates. Lead-acid batteries are the most affordable rechargeable batteries and have a high-power output. The increasing investment in electric vehicle market and large scale demand for two-wheelers in developing nations has led to the adoption of Two-Wheeler Lead Acid Batteries across the forecast period. For Instance: as per the Avenue Capitals, the electric vehicle (EV) market is estimated to be a Rs 50,000 crore (US$ 7.09 billion) opportunity in India by 2025, with two- and three-wheelers expected to drive higher electrification of the vehicles in the medium term. Also, with the trend of micro-mobility and indulging in recreational activities such as country-side riding, the adoption & demand for Two-Wheeler Lead Acid Batteries is likely to increase the market growth during the forecast period. However, presence of counterfeit products and preference for lithium-ion batteries impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Two-Wheeler Lead Acid Batteries Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading region across the world in terms of market share owing to the large-scale production of two-wheelers in China and Japan. Whereas, Europe is also anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the presence of major players in this region would create lucrative growth prospects for the Two-Wheeler Lead Acid Batteries market across Europe region.
Major market players included in this report are:
Dynavolt Renewable Energy Technology Co., Ltd.
Tianneng Power International Ltd
Leoch International Technology Limited Inc
EnerSys Inc.
Chaowei Power Holdings Limited
Southern Batteries Pvt. Ltd.
Robert Bosch Gmbh
KOYO BATTERY
GS Yuasa Corporation
Exide Industries Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
I.C. Engine
Electric
By Battery Type:
VRLA Batteries
Flooded
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Two-Wheeler Lead Acid Batteries Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors