CIS Solar and Motorcycle Battery Market, By Motorcycle Type (Standard, Cruiser, Sports Bike, Touring, Sport Touring, Dual Sport, Off-Road), Battery Type/Technology (Solar Power, Without Solar Power), Ampere Range (Less Than 2.5 Amp, More Than 2.5 Amp), Distance Covered (Below 75 Miles, 75 To 100 Miles, Above 100 Miles), Vehicle Class (Economy, Luxury), Battery Capacity (Less Than 15 kWh, More Than 15 kWh), Purpose (Police/Military, Personal, Other), Country (Russia, Kazakhstan, Ukraine, Belarus, Uzbekistan, Azerbaijan, Moldova and Rest of CIS)Industry Trends and Forecast to 2028.
Market Analysis and Insights: CIS Solar and Motorcycle Battery Market
CIS Solar and motorcycle battery market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 8.2% in the forecast period of 2021 to 2028 and is expected to reach USD 239.52 million by 2028.
Batteries are considered one of the critical components in every vehicle. The prime application of the battery in the motorcycle is to enable SIL (starting, lighting, and ignition), but now with advanced technological development and continuously added features in motorcycles, the batteries are also used to power onboard electronics and complete propulsion units in the case of electric motorcycles. Since the beginning, lead-acid batteries dominated the technology used in manufacturing motorcycle batteries and are still able to sustain the demand.
Surge in the number of personal motorcycles for short commutes and other purposes has provided a major boost for the growth of the solar and motorcycle battery market in the CIS region. Increasing use of power sport vehicles such as snowmobiles has also led to the growth of the market. However, the existence of counterfeit batteries in the market acts as a major restraint for the market's growth. CIS region has witnessed high developments in bipolar battery packages that are acting as a major growth of opportunity for the market. The underdeveloped on-road electric vehicle charging infrastructure, however, might impact the adoption of batteries for electric motorcycles. And hence, it could act as a major challenge for the growth of the market.
The solar and motorcycle battery market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
CIS Solar and Motorcycle Battery Market Scope and Market Size
The solar and motorcycle battery market is segmented into seven notable segments which are based on motorcycle type, battery type/technologies, ampere range, distance covered, vehicle class, battery capacity, and purpose.
- On the basis of motorcycle type, the solar and motorcycle battery market is segmented into standard, cruiser, sports bike, touring, sport-touring, dual-sport and off-road. In 2021, the standard segment dominates the market because of its all-purpose suitability. Moreover, mounting accessories such as seta and luggage carriers are easy on standard motorcycles.
- On the basis of battery type/technologies, the solar and motorcycle battery market is segmented into solar power and without solar power. In 2021, without solar power dominates the market as these are more economical and have a life up to 3 years. Moreover, these are batteries run for a longer period of time on a single charge.
- On the basis of ampere range, the solar and motorcycle battery market is segmented into less than 2.5 amp and more than 2.5 amp. In 2021, more than 2.5 amp segment dominates the market as higher battery amperage reduces the need for higher voltage. High voltage batteries can increase pose a significant safety hazard, and thus low voltage batteries are preferred with high amperage
- On the basis of distance covered, the solar and motorcycle battery market is segmented into below 75 miles, 75 to 100 miles, and above 100 miles. In 2021, Above 100 Miles dominates the segment as a battery with increased capacity is developed, and they last for a longer time. Moreover, these batteries do not need to be charged on a regular basis.
- On the basis of vehicle class, the solar and motorcycle battery market is segmented into economy and luxury. In 2021, the economy is dominating the market as these motorcycles are used on a large scale by the working population for personal daily uses. Moreover, these vehicles tend to offer high-fuel efficiency that can help in saving additional costs.
- On the basis of battery capacity, the solar and motorcycle battery market has been segmented into less than 15 kWh and more than 15 kWh. In 2021, More Than 15 kWh is dominating the market as motorcycle requires high power for running. Moreover, the power requirement increases for sports bikes and off-road bikes.
- On the basis of purpose, the solar and motorcycle battery market has been segmented into police/military and personal. In 2021, personal is dominating the market as motorcycles have become affordable and fuel-efficient, and thus, these are increasingly used for personal commutes by the growing working population.
IS Solar and Motorcycle Battery Market Country Level Analysis
CIS solar and motorcycle battery market is analyzed, and market size information is provided by country, motorcycle type, battery type/technologies, ampere range, distance covered, vehicle class, battery capacity, and purpose.
The countries covered in the CIS solar and motorcycle battery market report are Russia, Kazakhstan, Ukraine, Belarus, Uzbekistan, Azerbaijan, Moldova, and the rest of CIS.
Russia is dominating the CIS solar and motorcycle battery market due to the increasing number of affordable two-wheelers and continuously developing battery technology. The increasingly high number of two-wheelers in Kazakhstan is anticipated to lead further the growth of the solar and motorcycle battery market. The increasing adoption of sealed battery technology is anticipated to propel the growth of the solar and motorcycle battery market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of CIS brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Solar and Motorcycle Battery
CIS solar and motorcycle battery market report also provides you with detailed market analysis for every country growth in the installed base of different kinds of products for CIS solar and motorcycle Battery market, the impact of technology using lifeline curves and changes regulatory scenarios, and their impact on the CIS solar and motorcycle battery market. The data is available for the historic period of 2010 to 2019.
Competitive Landscape and CIS Solar and Motorcycle Battery Market Share Analysis
The solar and motorcycle battery market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, CIS presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the solar and motorcycle battery market.
The major players covered in the report are Amara Raja Batteries Ltd., GS Yuasa International Ltd., Exide Technologies, Leoch International Technology Limited Inc., Clarios, Mutlu Battery, GPA Holdings Berhad, BS-Battery, Power Sonic Corporation, ENERSYS, Shivam Energy Control Systems Private Limited and Delta. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In January 2019, GS Yuasa International Ltd. announced the launch of operations at a new automotive lead-acid storage battery plant operated in affiliation with Inci GS Yuasa Akü Sanayi ve Ticaret Anonim Sirketi ("IGYA") in Manisa Province, Turkey. The primary focus of the move was to use the company's latest technologies and production methods for manufacturing lead-acid storage batteries. The affiliation has increased the production capacity from 2 million units in 2019 to 6 million units in 2022. This catered to the growing demand from the European market and led the market to grow.
- In June 2017, Mutlu Battery collaborated with Warner Bros. Consumer Products to use the iconic DC Justice League superheroes as part of a new heroic marketing campaign. The justice league characters such as Batman, Wonder Woman, The Flash, and Green Lantern, among others, were included in the campaign. This enhanced the company's marketing effort in the U.K and Russia, which included printed visuals and digital communications at retail points. The move was aimed at accelerating growth momentum in Russia and U.K.
Partnership, joint ventures, and other strategies enhance the company's market share with increased coverage and presence. It also provides the benefit for an organization to improve their offering for solar and motorcycle batteries through an expanded range of sizes.
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