2 Wheeled Vehicles Battery Market size was valued at USD 5.2 Billion in 2024 and is forecasted to grow at a CAGR of 13.5% from 2026 to 2033, reaching USD 15.8 Billion by 2033.
The global 2 wheeled vehicles battery market size was valued at USD 5.6 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. This growth is primarily driven by the increasing demand for electric two wheelers, along with the rapid adoption of sustainable transportation solutions in various regions. In 2022, the Asia Pacific region dominated the market, accounting for over 60% of the global market share. The regions dominance can be attributed to the high sales of electric scooters and motorcycles, particularly in countries like China, India, and Japan, where government incentives and policies promoting electric vehicles (EVs) continue to play a pivotal role. North America and Europe are also expected to witness significant growth in the coming years, owing to the rising trend of eco friendly commuting and advancements in battery technologies for electric motorcycles and scooters.
In terms of regional growth, Europe and North America are experiencing increasing adoption of 2 wheeled electric vehicles (EVs) due to supportive regulations and growing awareness regarding environmental sustainability. The market size for 2 wheeled vehicles batteries in Europe was valued at USD 1.2 billion in 2022 and is expected to grow steadily, driven by rising demand for electric motorcycles and bicycles. North America, with an estimated market value of USD 800 million in 2022, is also anticipated to grow significantly, fueled by the expansion of charging infrastructure and a shift towards green mobility solutions. These regions present substantial opportunities for manufacturers in the electric vehicle battery sector, with innovations in battery performance and cost effectiveness expected to unlock new growth avenues.
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Panasonic
CATL
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LG Chem
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 2 Wheeled Vehicles Battery Market
Lead Acid Batteries
Lithium-Ion Batteries
Nickel-Metal Hydride Batteries
Gel Batteries
Absorbent Glass Mat (AGM) Batteries
Motorcycles
Scooters
E-Bikes
ATVs (All-Terrain Vehicles)
Electric Mopeds
Personal Use
Commercial Use
Delivery Services
Recreational Riding
Touring
Less than 20 Ah
21 to 50 Ah
51 to 100 Ah
101 to 150 Ah
More than 150 Ah
Individual Customers
Fleet Operators
Commercial Organizations
Rental Services
Government/Defense
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 2 Wheeled Vehicles Battery Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 2 Wheeled Vehicles Battery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 2 Wheeled Vehicles Battery Market, By Type
6. Global 2 Wheeled Vehicles Battery Market, By Application
7. Global 2 Wheeled Vehicles Battery Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global 2 Wheeled Vehicles Battery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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