Powersports Batteries Market to increase by USD 2.31 billion between 2023 to 2028; BS Battery, CLARIOS LLC, Discover Battery, and more among key companies – Technavio

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).

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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. 

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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 2018-2022CAGR of the market during 2024-2028Detailed information on factors that will assist powersports batteries market growth during the next five yearsEstimation of the powersports batteries market size and its contribution to the parent marketForecasts on upcoming trends and changes in consumer behaviorThe growth of the powersports batteries marketAnalysis of the competitive landscape and detailed information on companiesComprehensive details of factors that will impede the growth of powersports batteries market companies

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ToC:

Excustive 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.

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SOURCE Technavio