Global Power-Sports Batteries Market, By Vehicle Type (Motorcycles, Scooters and Mopeds, ATVs and Quads, Golf Carts, Water Sports, Snowmobiles, UTVs, Lawn Mowers), Battery Type (Conventional Batteries, Absorbent Glass Mat (AGM) Batteries, Lithium Batteries, Others) Voltage Range (6 Volt, 12 Volt, 24 Volt, 36 Volt, 48 Volt, Others), Distribution Channel (Original Equipment Manufacturer (OEM), Aftermarket/Replacement), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028.
Power-Sports Batteries Market Analysis and Insights : Global Power-Sports Batteries Market
Power-sports batteries market size is valued at USD 13.62 billion by 2028 expected to grow at a compound annual growth rate of 5.80% over the forecast period of 2021 to 2028. Data Bridge Market Research report on power-sports batteries market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Power sports batteries are the type of batteries which are largely used in ATVs, motorcycles, UTVs, golf carts, watercrafts, snowmobiles among others. These power sport batteries are high performance factory activated and are 100% maintenance free and completely sealed.
The power-sports batteries market has a huge potential to grow over the forecast period of 2021 to 2028, due to the rapid increase in incorporation of electronic systems in vehicles, counting GPS, Bluetooth and navigation systems that need constant power supply. In addition, increase in two wheeler production associated with increase in the demand for fleet of motorcycles and scooters is also largely influencing the growth of the power-sports batteries market. Also the rise in disposable income of the population is another driver flourishing the growth of power-sports batteries market, which in turn is raising the growth of the target market. Additionally, the rising trend of off-highway sports as well as shifting inclination toward off-highway sports, such as short-course racing, desert racing and hill climbing will also boost the growth of the power-sports batteries market in the above mentioned forecast period. Likewise, the rapid technological advancements in battery charging technology will also forward the product demand. In addition, the increase preference toward electric vehicles has also propelled the power-sports batteries market during the forecast period.
However, the OEMs losing profits as well as brand reputation owing to counterfeit products will act as market restraints for power-sports batteries in the forecasted period of 2021 to 2028, whereas the disruptions in supply chain have the potential to challenge the growth of the market.
In addition, the rapid technological advancements along with the notable developments in the lithium-ion battery technology will further offer various growth opportunities for the power-sports batteries market in the above mentioned forecast period.
This power-sports batteries market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on power-sports batteries market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Power-Sports Batteries Market Scope and Market Size
Power-sports batteries market is segmented on the basis of vehicle type, battery type, voltage range and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of vehicle type, the power-sports batteries market is segmented into motorcycles, scooters and mopeds, ATVs and quads, golf carts, water sports, snowmobiles, UTVs and lawn mowers.
- On the basis of battery type, the power-sports batteries market is segmented into conventional batteries, absorbent glass mat (AGM) batteries, lithium batteries and others.
- On the basis of voltage range, the power-sports batteries market is segmented into 6 volt, 12 volt, 24 volt, 36 volt, 48 volt and others.
- The power-sports batteries market has also been segmented on the basis of distribution channel into original equipment manufacturer (OEM) and aftermarket/replacement.
Power-Sports Batteries Market Country Level Analysis
Power-sports batteries market is analyzed and market size, volume information is provided by country, vehicle type, battery type, voltage range and distribution channel as referenced above.
The countries covered in the power-sports batteries market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the power-sports batteries market owing to strong presence of major two wheeler manufacturers as well as the rapid increase in motorcycle production associated with increase in the demand for fleet of motorcycles and scooters in the region.
The country section of the power-sports batteries market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Power-Sports Batteries Market Share Analysis
Power-sports batteries market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to power-sports batteries market.
The major players covered in the power-sports batteries report are Clarios, CROWN BATTERY, Discover Battery, East Penn Manufacturing Company, ENERSYS, Exide Technologies, Fullriver Battery, Go Power, GS Yuasa International Ltd., Harris Battery, Interstate Batteries, Johnson Controls, MIDAC S.P.A., Navitas System, LLC Corporate, Power Sonic Corporation, Scorpion Battery, Inc., Skyrich Powersport Batteries, BS-Battery, Trojan Battery Company, Whites Powersports and Batterie Unibat among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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