Global Motorcycle Batteries Market 2017-2021
About Motorcycle Batteries
Motorcycle battery consists of six cells (each of 2V) that have a positive and negative plate. These batteries provide 12V, which is required by the engine for its functioning. The electricity is generated through a chemical reaction when lead cells are immersed in sulfuric acid. The battery is used for ignition and to power devices such as digital meter, head light, tail stop lamp, position lamp, and turn indicators. In lithium-ion batteries the electricity is generated by similar process with electrodes made of lithium iron phosphate (LiFePo4).
Technavio’s analysts forecast the global motorcycle batteries market to grow at a CAGR of 5.86% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global motorcycle batteries market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Motorcycle Batteries Market 2017-2021
Technavio recognizes the following companies as the key players in the global motorcycle batteries market: GS Yuasa International, Exide Technologies, ENERSYS, and BS-Battery.
Other Prominent Vendors in the market are: Batterie Unibat, Bosch, DELTRAN BATTERY TENDER, DYNAVOLT, Johnson Controls, KOYO BATTERY, Leoch Battery, and Southern Batteries.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of moldable batteries. The high cost of lithium-ion is leading the manufacturers to struggle to meet the cost hurdles, and the demand for advanced lead-acid technology is growing continuously. The lead-acid battery has its advantages over the lithium-ion battery. Lead-acid battery chemistry produces the least amount of heat when compared with other battery chemistries, and these batteries are fully rechargeable.”
According to the report, one driver in the market is 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. Lithium-ion batteries are costlier than lead-acid batteries. 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.
Further, the report states that one challenge in the market is OEMs losing revenue and brand reputation due to counterfeit products. In 2016, the US government estimated that the global market value of the counterfeit industry is $520 billion. About 70% of counterfeit products that entered the US were manufactured in China. In 2011, 73% of fake products that entered Europe were from China. Such products are affecting the revenues and brand reputation of the OEMs. The revenue that the manufacturers lose to these counterfeit batteries many be less, but the damages caused by these batteries will affect the brand reputation. Battery manufacturers must follow adequate safety measures during manufacturing.
GS Yuasa International, Exide Technologies, ENERSYS, BS-Battery, Batterie Unibat, Bosch, DELTRAN BATTERY TENDER, DYNAVOLT, Johnson Controls, KOYO BATTERY, Leoch Battery, and Southern Batteries.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook