Latest News- Powersports Batteries Market: Motorcycles is expected to lead the Vehicle Type segment during 2025-2029

The Powersports Batteries Market is being driven by Major motorcycle OEMs venturing into electric motorcycle sector

The Powersports Batteries Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2338.4 million. The global Powersports Batteries Market is experiencing significant growth due to the increasing demand for sustainable mobility solutions, particularly electric vehicles, driven by the rising preference for eco-friendly transportation. Motorcycle racing events, such as Moto GP, SuperBike Racing, Super Sport Racing, and Moto Cross, are major initiatives promoting high-performance motorcycles. To further support the adoption of electric motorcycles, Moto GP introduced the MotoE series in 2019, featuring 11 racing teams and 18 high-performance electric motorcycles from Energica Motor. Each motorcycle boasts a 110-kW power output and a top speed of approximately 168 miles per hour. This innovative race series underscores the industry's commitment to advancing electric mobility technology in the powersports sector. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Vehicle Type
  • Motorcycles
  • ATVs and UTVs
  • Mopeds and scooters
  • Others
• Channel
  • Aftermarket
  • OEM
• Battery Type
  • Nickel-metal hydride (NiMH)
  • Lithium-iron phosphate (LiFePO4)
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Major motorcycle OEMs venturing into electric motorcycle sector
• Increasing demand for ATVs for recreational and adventurous sports activities
• Advancements in battery technology

However, the market also witnesses some limitations, which are as follows:

• Hazards of lithium-ion-powered batteries
• Use of fuel cells to replace batteries in recreational sports vehicles
• Harmful impact due to lead pollution

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Market Scope in Powersports Batteries Market Research Report

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Research Analysis Overview

The Powersports Batteries Market encompasses the latest advancements and research in battery technology, including innovations, manufacturing processes, and supply chain management. Battery standards, regulations, and certification ensure warranty, durability, reliability, and performance. Factors like energy density, power output, size, weight, cost, cycle life, charging time, discharge rate, and internal resistance impact market growth. Safety features, sustainability, recycling programs, and environmental impact are also crucial considerations. Temperature control, monitoring systems, overcharge, and overdischarge protection ensure optimal battery usage.

Market Research Overview

The Powersports Batteries Market encompasses businesses specializing in the production and distribution of batteries for powersports vehicles, including lithium-ion, AGM, gel, and lead-acid types. This market segment falls under the broader context of the global Renewable Electricity Market, which comprises companies involved in the generation and distribution of electricity derived from renewable sources. Key drivers propelling the expansion of the Renewable Electricity Market are supportive policies and targets for renewable power deployment. The adoption of renewable energy technologies has surged in recent years due to ambitious goals and effective incentives, fostering a thriving ecosystem for battery manufacturers and suppliers in the Powersports Batteries Market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/