Press Release

Global Two-Wheeler Battery Market to Grow with a CAGR of 7.3% through 2028

Rising demand for affordable and eco-friendly urban mobility solutions is driving the Global Two-Wheeler Battery Market in the forecast period 2024-2028.

 

According to TechSci Research report, “Two-Wheeler Battery Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Two-Wheeler Battery Market stood at USD 6.4 billion in 2022 and is anticipated to grow with a CAGR of 7.3% in the forecast period, 2024-2028.

The global Two-Wheeler Battery Market plays a pivotal role in supporting the ever-expanding market for motorcycles, scooters, and electric bicycles (e-bikes) worldwide. These batteries serve as the critical power source for starting engines and operating electrical components in two-wheelers, making them an indispensable component of these vehicles.

One of the primary drivers of this market is the relentless urbanization observed globally. As cities grow, so does the demand for cost-effective and efficient modes of personal transportation to navigate congested streets. Two-wheelers, including motorcycles and scooters, provide a practical solution for commuters, reducing travel times and fuel expenses, and easing the challenges of urban mobility. Furthermore, environmental concerns and the need for sustainable transportation solutions have given rise to the adoption of electric two-wheelers. Electric motorcycles, e-scooters, and e-bikes are gaining popularity for their eco-friendly attributes, low operational costs, and reduced emissions. The Two-Wheeler Battery Market has been instrumental in supporting this transition, with manufacturers continually innovating to produce batteries that provide longer ranges, faster charging times, and improved durability.

Technological advancements in battery chemistry and manufacturing processes are another driving force behind the market's growth. Battery manufacturers are constantly pushing the boundaries to improve energy density, safety, and overall battery performance. Lithium-ion batteries have emerged as a dominant choice for electric two-wheelers, offering higher energy storage capacity and longer lifespans. Government incentives and regulations are playing a significant role in promoting the adoption of electric two-wheelers. Many governments offer subsidies, tax incentives, and exemptions from emissions-related fees to encourage consumers to opt for electric mobility solutions. These incentives reduce the total cost of ownership for electric two-wheelers and stimulate market demand.

As micro-mobility services gain traction in urban areas, shared electric scooters and e-bikes have become a common sight in many cities. These services rely on efficient batteries and charging infrastructure, further contributing to the growth of the Two-Wheeler Battery Market. The global Two-Wheeler Battery Market is essential for powering the ever-expanding market for motorcycles, scooters, and electric bicycles. It plays a crucial role in facilitating urban mobility, addressing environmental concerns, and supporting the transition to electric two-wheelers. The market's future is closely tied to ongoing technological advancements, government policies, and the growing demand for sustainable transportation solutions in urban centers worldwide.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on  Two-Wheeler Battery Market.”

 

Asia-Pacific emerges as the epicenter of the Global Two-Wheeler Battery Market. Countries like India and China, with their vast populations and urbanization trends, drive significant demand for motorcycles and scooters. The affordability and convenience of two-wheelers in congested urban areas make them a primary mode of transportation. Additionally, the shift toward electric two-wheelers in response to environmental concerns is notable, especially in China, which leads the world in electric scooter adoption. This region also houses numerous battery manufacturers, contributing to the availability of cost-effective batteries.

Europe is a growing market for two-wheeler batteries, with a notable focus on electric mobility. Electric bicycles (e-bikes) have gained popularity, particularly in Western European countries like Germany and the Netherlands, where cycling is a common mode of transportation. Stringent emissions regulations, coupled with urbanization and environmental consciousness, are driving the adoption of electric two-wheelers. European governments offer incentives and subsidies to encourage the transition to electric mobility, further boosting the Two-Wheeler Battery Market in the region.

In North America, the market for electric two-wheelers is gradually expanding, primarily in urban areas. Electric scooters and e-bikes are increasingly visible on city streets, offering eco-friendly and convenient commuting options. While motorcycles have a niche market, electric two-wheelers align with the region's environmental concerns and sustainability goals. Improved charging infrastructure and government support contribute to the market's growth, with cities like San Francisco and Los Angeles hosting shared electric scooter services.

The Middle East and Africa region exhibits a diverse landscape for two-wheelers, influenced by factors such as urbanization, economic development, and infrastructure. Motorcycles and scooters remain popular in some Middle Eastern countries for daily commuting, although electric two-wheelers are gradually gaining attention. The market is expected to grow further as urbanization continues and governments promote sustainable transportation options. Latin America showcases a mix of traditional gasoline-powered two-wheelers and emerging electric alternatives. Countries like Brazil and Mexico have robust markets for motorcycles and scooters, driven by affordability and practicality. The adoption of electric two-wheelers is in its early stages but is expected to gain momentum, spurred by government incentives and environmental awareness. These regional insights underscore the diverse landscape of the Global Two-Wheeler Battery Market, influenced by factors like urbanization, regulatory environments, consumer preferences, and government policies. As the world continues to prioritize sustainable and eco-friendly transportation, the market is poised for further growth and evolution across these distinct regions.

 

Major companies operating in Global Two-Wheeler Battery Market are:

  • Amara Raja Batteries Limited
  • Panasonic Corporation
  • Exide Technologies
  • VARTA
  • Clarios
  • GS Yuasa Corporation
  • Hitachi Group Ltd
  • Robert Bosch GmbH
  • China Aviation Lithium Battery Co. Ltd
  • Contemporary Amperex Technology Co. Limited

 

Download Free Sample Report

Customers can also request for 10% free customization on this report.

 

 “The Global Two-Wheeler Battery Market, we are witnessing a remarkable transformation driven by the confluence of urbanization, environmental concerns, and technological advancements. Two-wheelers, including electric bicycles and scooters, have become the go-to choose for efficient urban mobility, particularly in densely populated regions like Asia-Pacific. As sustainability gains importance, electric two-wheelers are rapidly replacing traditional gasoline-powered counterparts, bolstering the demand for advanced batteries. The ongoing race in battery technology, with a focus on higher energy density and faster charging, is reshaping the market landscape. Governments' push for electric mobility and the rise of micro-mobility services further underlines the market's promising trajectory, making it a pivotal player in the future of urban transportation.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Global Two-Wheeler Battery Market Segmented By Vehicle Type (Motorcycles, Mopeds, Scooters, Electric Bikes), By Battery Type (Lead Acid, Lithium-Ion, and Other), By Drive Type (IC Engines and Electric Vehicles), By Region and By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Two-Wheeler Battery Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Two-Wheeler Battery Market.


Contact

Mr. Ken Mathews         

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656                                                     

Email: [email protected]               

Website: www.techsciresearch.com               

Relevant News