Authored By: Sarah
11 Jul 2024

 Powersports Batteries Market to grow by USD 2318.36 million between 2024-2028

According to a research report “ Powersports Batteries Market” by Vehicle Type (Motorcycles, ATVs and UTVs, Mopeds and scooters, Others) Channel (Aftermarket, OEM) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2318.36 million at a CAGR of  5.25% during the forecast period. In the evolving powersports industry, there is a surging market demand for electric two-wheelers. This shift towards eco-consciousness is driving the replacement of internal combustion engine (ICE) vehicles with electric alternatives. Consequently, major players in the motorcycle manufacturing sector are expanding their product offerings with high-performance electric motorcycles. These innovations are anticipated to be unveiled within the forecast period, underscoring the industry's commitment to sustainable mobility solutions..

Browse market data tables, figures, and in-depth TOC on “Powersports Batteries Market” by Vehicle Type (Motorcycles, ATVs and UTVs, Mopeds and scooters, Others) Channel (Aftermarket, OEM) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028.

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By Vehicle Type, the Motorcycles segment is projected to dominate the market size in 2024.

The global Powersports Batteries Market is experiencing significant growth, driven by the rising number of powersports vehicles and the increasing demand for high-performance batteries. Lead-acid and lithium-ion batteries are currently dominating the market, with lithium-ion batteries gaining popularity due to their superior power output and longer service life. Innovations in battery technology, such as lithium-ion battery systems, are driving market growth by enhancing energy storage capacity and power density. Given the short lifecycle of powersports batteries, regular replacement is essential for motorcycles, ATVs, UTS, scooters, and other vehicles in this segment.

By Channel, Aftermarket  segment is expected to hold the largest market size for the year 2024.

The Powersports Batteries Market is projected to expand during the forecast period, driven by several key factors. These include the decrease in battery costs, reduced operational and maintenance expenses, government incentives, and heightened environmental consciousness. However, market expansion is hindered by challenges such as high upfront costs and insufficient charging infrastructure. The market is also in its nascent stage, characterized by significant product differentiation among vendors.

APAC is forecasted to hold the largest market size by region in 2024.

The Powersports Batteries Market in APAC is experiencing significant growth, driven by the expanding recreational vehicle sector in countries like Australia, China, Japan, South Korea, and India. China, Australia, and India collectively hold the largest market share in the region. In China, the Powersports Batteries Market has seen a surge due to government initiatives, such as the development of campgrounds and tourism, which have boosted the recreational vehicle industry. The Chinese government aimed to construct 2,000 recreational vehicle campgrounds by 2020 to foster growth in this sector. However, market fluctuations have been observed in recent years.

The Powersports Batteries Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • BS Battery
  • CLARIOS LLC
  • Discover Battery
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Exide Industries Ltd.
  • Fullriver Battery
  • GS Yuasa International Ltd.
  • Interstate Batteries Inc.
  • Johnson Controls International Plc
  • PAM Vilicar doo
  • Power Sonic Corp.
  • Poweroad Xiamen Renewable Energy Technology Co. Ltd.
  • Renegade Battery
  • Robert Bosch GmbH
  • Scorpion Battery Inc.
  • Skyrich Powersport Batteries
  • Super B Lithium Power B.V.
  • The NOCO Co.
  • Trojan Battery Co. LLC
.

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Research Analysis Overview

The Powersports Batteries Market encompasses a range of battery solutions for various non-road vehicles, including snowmobiles, watercrafts, electric cars, and power sports vehicles such as UTVs, motorcycles, ATVs, lawnmowers, golf carts, and boats. These batteries are essential for ensuring optimal performance and vehicle efficiency. The market for power batteries, including electrochemical components like rechargeable batteries and lithium-ion batteries, is experiencing significant growth due to the increasing demand for cleaner and more efficient energy sources. However, challenges such as self-discharge and voltage maintenance require continuous innovation in battery technology. The market is also impacted by the emergence of counterfeit products, which can negatively affect urbanization efforts and the overall performance of vehicles. The Power Sports Batteries sector is a critical component of the broader Electric Vehicles industry, and its advancements will play a significant role in shaping the future of transportation.

Market Research Overview

The Powersports Batteries Market encompasses a wide range of battery solutions for various off-road vehicles and power sports equipment. Two wheeler manufacturers produce batteries for scooters and mopeds, as well as motorcycles and ATVs (All-Terrain Vehicles). These batteries are essential for engines used in desert racing, short course racing, hill climbing, and motorsport events. Navigation systems in fleet vehicles often require reliable power from batteries, along with Bluetooth and GPS technology for connectivity. Battery charging technology and recycling facilities are crucial for battery producers, ensuring the availability of high-performance, lightweight batteries with extended service life and limited self-discharge. Lithium-ion batteries, an electrochemical component of the Powersports Batteries Market, offer improved energy density, faster charging speed, and longer voltage stability compared to traditional lead-acid batteries. Counterfeit products pose a significant challenge to the Powersports Batteries Market, particularly in urban areas where accessibility to original batteries may be limited. The market also caters to the needs of the electric car industry, electric bikes, and other vehicle types, such as snowmobiles, watercrafts, lawnmowers, golf carts, UTVs (Utility Terrain Vehicles), and boats. Overall, the Powersports Batteries Market continues to evolve with advancements in technology, focusing on vehicle efficiency, performance, and reducing carbon emissions.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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