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According to the latest research by Future Market Insights (FMI), The global Automotive Lead Acid Battery Market estimates the market to expand at a steady CAGR of over 3.3% by year 2031-end.

The auto lead acid battery are typically used as SLI batteries. The market is being directly impacted by rising car sales and production as well as an expanding vehicle parc. In comparison to other batteries, lead acid batteries are less expensive and offer end users the best option.

Battery technology advancements are encouraging for the industry. Customers can choose from options like flooded, improved flooded, and AGM batteries. Due to the growing number of vehicles on the road and the requirement to replace batteries on a frequent basis, demand for lead acid batteries is rising and is expected to keep rising.

Flooded batteries, followed by enhanced flooded batteries are most sought-after lead acid batteries. Flooded batteries are expected to account for over half of sales registered in the market. The use of lead batteries for starting, lighting and ignition (SLI) application is increasing around the world. Easy availability of lead acid batteries and their economical pricing as compared to other battery types will continue enabling growth in the market over the coming decade.

Despite advent of various advanced technologies, which threaten replacement, lead acid batteries sales will continue surging at a moderate pace. The rising production of passenger and commercial vehicles will continue supporting growth through the course of the forecast period.

Also, the advent of new technologies is aiding overall expansion. Some of the leading manufacturers are focusing on a wide range of automotive lead acid resistance, decreasing heat generation, modification of electrode plates, and improving charge acceptability. These efforts are expected to improve performance of lead acid batteries, in turn creating lucrative opportunities for increasing sales.

Key Takeaways from Market Study

After a period of negative growth, sales will improve 2021 onwards, enabling the market register 2.8% y-o-y growth in 2021
The U.S. will account for over 86% of sales registered in North America. It is expected to remain the dominant market through the course of the forecast period
Increasing passenger vehicle production will enable sales in the U.K. to increase by 1.7% in U.K. in 2021
Germany and France will emerge as other key markets within Europe
Expansion of the automotive sector will support growth in China, followed by Japan and South Korea
“Market players are threatened by the availability of high-performing alternatives. The increasing demand for lithium-ion batteries and other alternatives has been compelling them to invest in research and development activities. This will enable the market to stay strong, registering steady growth through the course of the forecast period,” said a lead analyst at FMI.

For more information: https://www.futuremarketinsigh....ts.com/reports/autom
Competitive Landscape

The global automotive lead acid batteries market is highly competitive at regional as well as global level, and highly consolidated in nature. Some of the key players included in the report are Clarios, GS Yuasa Corporation, Panasonic Corporation, Leoch International Technology Limited, Exide Industries Ltd., EnerSys Inc., and others. Top companies operating in the market are occupying hefty shares in terms of revenue. With compliance to governmental standards and regulations, these companies have a global brand presence. Prime manufacturers are also updating their technologies to improve their market share.

Market Segmentation by Category

By Battery Type

Flooded
Enhanced Flooded
AGM
By Technology

ICE
Hybrid
Electric
By Vehicle Type

Passenger Car
LCV
By Sales Channel

OEM
Aftermarket

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During the projection period, sales of electric bikes are anticipated to grow at a CAGR of 10%. The electric bike market is expected to grow from US$ 52.05 Bn in 2022 to US$ 122.1 Bn in 2032.

The multiple benefits that electric bikes offer are anticipated to be the primary drivers of electric bikes market growth. Electric bikes are a practical, flexible, eco-friendly, and fashionable mode of transportation. Consumers believe that e-bikes are the best alternative to scooters, smart cars, and public transportation.

The electric bike market size is expected to increase as a result of a number of factors, including the implementation of government legislation to encourage the adoption of electric bikes and customer preference for utilising e-bikes as an eco-friendly and efficient commute alternative.

Customers are more likely to use low- or no-carbon-dioxide alternatives to public transit. It is predicted that the growing demand for electric bikes in the transportation sector in both developed and developing countries would present a plethora of potential prospects for the market participants. Furthermore, e-bikes can aid in easing traffic congestion because of their smaller size, increased range on a single charge, and advantageous impacts on health. These factors are expected to cause the sales of electric bikes to increase over the course of the forecast period.

Profitable revenue streams are being generated for key players as the use of lighter, longer-lasting e-bikes increases. To fulfil the different needs of riders on their daily urban commute, electric bike manufacturers are likewise expanding their variety of cars with varying mileage and features. Additionally, a rise in fuel prices and a surge in interest in cycling as a sport and leisure activity are expected to enhance sales of electric bikes.

Key Takeaways from Electric bike Market

With a CAGR of 3.2% over the forecast period, pedestals are predicted to be the most popular product category in the electric bike market.
The lead-based battery type sector holds a commanding share of more than 85% in the electric bike industry.
Battery-powered bikes are anticipated to experience a significant sales surge during the projected period, dominating the demand for electric bikes.
Due to the high prevalence of two-wheelers, APEJ is the largest market for electric bikes. During the projected period, the electric bike market is expected to rise at a robust CAGR of 3.2% and create a US$ 6.1 Bn growth opportunity.
Electric bike sales in the EU are projected to reach 13.1 million units by 2032, with 60% of those bikes being produced in Europe.
The electric bike market in North America is expected to grow rapidly.
“Due to the rising consumer trend toward environmentally friendly modes of transportation, the global e-bike market is extremely opportunistic and competitive. Additionally, e-bikes are seen by manufacturers as an affordable alternative to electric automobiles. E-bike sharing services and government organization support to encourage e-bike application and acceptance will blossom industry expansion in the ensuing years. – FMI Analyst

For more information: https://www.futuremarketinsigh....ts.com/reports/elect

Competition Landscape in the Electric bike Market

The leading competitors in the global electric bike market strive intensely with one another as a result of significant investments made to enhance the performance of the electric bikes and make them more comfortable to use. Positioning e-bikes as the clientele's preferred substitute for private cars and other vehicles is the main goal of these expenditures. Some of the players have made considerable investments to enhance the performance of the e-bike drive unit.

Additionally, it is anticipated that the manufacturers in the electric bike market are likely to grow through strategic initiatives like new launches, expansion, partnerships, and acquisitions.

The top competitors in the electric bike market are Piaggio & C. SpA, Terra Motors Corp., Bayerische Motoren Werke AG, Jiangsu Xinri E-Vehicle Co. Ltd., Giant Manufacturing Co Ltd., Emotion Bikes USA, Pedego Electric Bikes, Volt, Energica Motor Company S.p.A., Zero Motorcycles, Inc., Mahindra Genze, Derby Cycle and Accell Group ECCITY Motocycles, Hero Electric Vehicles Private Limited, Gogoro Inc., GOVECS GmbH, Vmoto Limited, Honda Motor Co. Ltd.

Recent Developments in the Electric bike Market:

In October 2021, Pon.Bike made the acquisition of the Dorel Sports division of Dorel Industries as part of a strategy to build a portfolio of high-end e-bikes that would span all e-bike segment categories.
In July 2021, Pedego opened a brand-new location in Bethesda, Maryland, offering a wide range of e-bike sales, rentals, services, and accessories.
In April 2022, Trek Bicycle Corporation purchased David's World Cycle. Trek Bicycle Corporation purchased 21 retail chains to assist its expansion strategy and grow its dealer network.
Key Segments Covered in the Electric Bike Market Report

By Product type:

Electric Scooter
Electric Motorcycles
Pedelec
By Battery type:

Li-Ion
NiMH
Lead-based
By Technology:

Plug-In
Battery

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