NEW YORK, Nov. 20, 2023 /PRNewswire/ — The powersports batteries market size is expected to grow by USD 2.31 billion from 2023 to 2028. In addition, the growth momentum of the market will progress at a CAGR of 5.25% during the forecast period, according to Technavio. Major motorcycle OEMs venturing into the electric motorcycle sector are notably driving the power sports batteries market. However, factors such as the hazards of lithium-ion-powered batteries may impede market growth. The market is segmented by Vehicle Type (Motorcycles, ATVs and UTVs, Mopeds and scooters, and Others), Channel (Aftermarket and OEM), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
Technavio has announced its latest market research report titled Global Powersports Batteries Market 2024-2028
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We provide a detailed analysis of 20 companies operating in the powersports batteries market including BS Battery, CLARIOS LLC, Discover Battery, East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Fullriver Battery, GS Yuasa International Ltd., Interstate Batteries Inc., Johnson Controls International Plc, PAM Vilicar doo, Power Sonic Corp., Poweroad Xiamen Renewable Energy Technology Co. Ltd., Renegade Battery, Robert Bosch GmbH, Scorpion Battery Inc., Skyrich Powersport Batteries, Super B Lithium Power B.V., The NOCO Co., and Trojan Battery Co. LLC.
Powersports Batteries Market 2024-2028: Company Analysis
CLARIOS LLC: The company offers power sports batteries such as AGM, Flooded, and Clarios xEV.
This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information.
Powersports Batteries Market 2024-2028: Segmentation
Vehicle Type
The motorcycles segment is significant during the forecast period. The growth of the segment is attributed to factors including the decline in battery prices, lower operating and maintenance costs, subsidies and incentives offered by the government in different countries, and increasing awareness of the need to curb vehicular emissions. In order to enter the motorcycle segment, well-established manufacturers of conventional motorcycles are working on electric powertrains.
Other segments in the report include Channel (Aftermarket and OEM).
Geography
APAC will contribute 50% to the growth of the global market during the forecast period. The increasing use of recreational vehicles in regions such as Australia, Japan, China, South Korea, and India fuels the regional powersports batteries market in APAC. Factors such as the national focus on the development of campgrounds, tourism, and the recreational vehicle industry, the power sports batteries market has witnessed an increase in China. However, it has experienced significant fluctuations over the past few years.
North America, Europe, South America, and Middle East and Africa are the other regions included in the report.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report.
Powersports Batteries Market 2024-2028: Key Highlights
Historic Market Size 2018-2022
CAGR of the market during 2024-2028
Detailed information on factors that will assist powersports batteries market growth during the next five years
Estimation of the powersports batteries market size and its contribution to the parent market
Forecasts on upcoming trends and changes in consumer behavior
The growth of the powersports batteries market
Analysis of the competitive landscape and detailed information on companies
Comprehensive details of factors that will impede the growth of powersports batteries market companies
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Powersports Batteries Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2017-2021 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.25% |
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Market growth 2024-2028 |
USD 2.31 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
4.31 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 50% |
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Key countries |
US, China, India, Germany, and UK |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by WRITERS
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
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Jesse Maida
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Website: www.technavio.com
SOURCE Technavio