Global Motorcycle Batteries Market | Cost Advantage of Lead-acid Batteries Over Lithium-ion Batteries to Boost Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Oct 19, 2020--

The global motorcycle batteries market size is poised to grow by 8.63 million units during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Motorcycle Batteries Market 2020-2024 (Graphic: Business Wire)

The market is driven by the cost advantage of lead-acid batteries over lithium-ion batteries. Lead-acid batteries have been able to retain their market share in electric vehicle applications even with the introduction of new battery chemistries, such as the lithium-ion battery. Furthermore, lead-acid batteries offer high cranking current ideal for stationary applications, such as uninterruptible power supply (UPS). The energy density of lithium-ion batteries ranges from 90 Wh/kg to 120 Wh/kg, compared with 30Wh/kg-40Wh/kg for lead-acid batteries. The battery life cycle of lithium-ion batteries is five to 15 times longer than lead-acid batteries. However, the price of lithium-ion batteries must be reduced further to compete in the batteries market.

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Report Highlights:

  • The major motorcycle batteries market growth came from the lead-acid batteries segment in 2019, and is expected to witness the fastest growth during the next five years.
  • APAC was the largest motorcycle batteries market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the increasing economic standards and standard of living of individuals.
  • The global motorcycle batteries market is fragmented. Berkshire Hathaway Inc., BS-Battery, Clarios, EnerSys, Exide Technologies, GS Yuasa Corp., Hitachi Ltd., Leoch International Technology Ltd., Robert Bosch GmbH, and Schneider Electric SE are some of the major market participants. To help clients improve their market position, this motorcycle batteries market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global motorcycle batteries market 2020-2024 is expected to have negative growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Development of Supercapacitors as Next-Generation Batteries will be a Key Market Trend

The development of supercapacitors as next-generation batteries, one of the key motorcycle batteries market trends, will also drive market growth during the forecast period. The power storage of supercapacitors can be fast and reliable. Supercapacitors are superior to lead-acid batteries in terms of power density and they can be charged quickly than lead-acid batteries. Such benefits will increase the demand for supercapacitors as next-generation batteries during the forecasted period.

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Motorcycle Batteries Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist motorcycle batteries market growth during the next five years
  • Estimation of the motorcycle batteries market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the motorcycle batteries market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of motorcycle batteries market vendors

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View market snapshot before purchasing

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Lead-acid batteries - Market size and forecast 2019-2024
  • Lithium-ion batteries - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Berkshire Hathaway Inc.
  • BS-Battery
  • Clarios
  • EnerSys
  • Exide Technologies
  • GS Yuasa Corp.
  • Hitachi Ltd.
  • Leoch International Technology Ltd.
  • Robert Bosch GmbH
  • Schneider Electric SE

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201019005358/en/

CONTACT: Technavio Research

Jesse Maida

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Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: AFTERMARKET CHEMICALS/PLASTICS OTHER ENERGY AUTOMOTIVE MANUFACTURING ENERGY MOTORCYCLES

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 10/19/2020 07:15 AM/DISC: 10/19/2020 07:15 AM

http://www.businesswire.com/news/home/20201019005358/en

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