The Global Power-Sports Batteries Market Size valued for USD 7.4 Billion in 2021 and is anticipated to reach USD 12.3 Billion by 2030 with a CAGR of 5.9% from 2022 to 2030.

Power sports are a subset of motorsports and the most prevalent mode of transportation in X-games. Handlebars are used on power sports vehicles to control movement and rider mounting. Motorcycles, dirt bikes, scooters, ATVs, UTVs, jet boats, personal watercraft, and snowmobiles are examples of power sports equipment. The use of an engine, in one way or another, is one of the characteristics of all power sports. Power sports are becoming more and more in demand due to their rising popularity. A specific type of high-performance battery used for some power-sport Voltage Ranges is called a power sport battery. Depending on the particular battery type or brand, they are typically low-maintenance and well-built for long-term use.

Power-Sports Batteries Market Dynamics

The global market for power-sports batteries is expanding as a result of rising urbanization, rising per capita disposable income, rising demand for electric vehicles around the world, and technological advancements in the battery manufacturing industry. However, the growth of the world market for power sports batteries is hampered by OEMs losing profits and brand reputation as a result of counterfeit products. On the other hand, the market for power-sports batteries around the world has plenty of lucrative opportunities thanks to the quick pace of technological development and notable advancements in lithium-ion battery technology. The battery charging industry is experiencing rapid technological advancements, which will boost product demand. Additionally, during the anticipated period, the market for power-sports batteries has been driven by consumers' growing preference for electric vehicles.

In 2020, it is anticipated that the novel COVID-19 pandemic will have a detrimental effect on the overall expansion of the power-sports battery market worldwide. Since governments around the world, including China and India, announced strict lockdowns in the first two quarters of 2020 to stop the spread of the novel coronavirus, COVID-19, the automotive industry has suffered greatly.

Power-Sports Batteries Market Insights

Market for power-sports batteries is divided into vehicle type, battery type, voltage range, and sales channel. The market is divided into seven segments based on vehicle type: motorcycles, ATVS and quads, water sports, snowmobiles, scooters & mopeds, lawn movers, and UTVs. The market is divided into four categories according to battery type: AGM batteries, lithium-ion batteries, conventional batteries, and others. Voltage Range is further divided into 6 Volt, 12 Volt, 24 Volt, 48 Volt, and others. Aftermarket/Replacement and OEM are the bifurcation of sales channels.

Lithium ion batteries will dominate the market for power sports batteries in terms of battery type. Because of their portability and long operational lives, lithium ion batteries are currently attracting a lot of interest from the auto industry.

Global Power-Sports Batteries Market Geographical Competition

During the forecast period, Asia Pacific is expected to be a highly profitable market globally. There are numerous significant two-wheeler manufacturers in Asia Pacific. Additionally, the demand for motorcycles is significantly higher in China, India, and Indonesia than it is in any other region worldwide. Thus, it is anticipated that during the forecast period, the market for power-sports batteries will grow due to an increase in motorcycle production and an increase in the demand for fleets of motorcycles and scooters in Asia Pacific.

Global Power-Sports Batteries Industry Segment Analysis

Power-Sports Batteries Market By Vehicle Type

·         Motorcycles

·         ATVS and Quads Water Sports

·         Snowmobiles

·         Scooters & Mopeds

·         Lawn Movers

·         UTVs

Power-Sports Batteries Market By Battery Type

·         Conventional Batteries

·         AGM Batteries

·         Lithium-Ion Batteries

·         Others

Power-Sports Batteries Market By Voltage Range

·         6 Volt

·         12 Volt

·         24 Volt

·         48 Volt

·         Others

Power-Sports Batteries Market Leading Companies

The players profiled in the report include Crown Battery, Clarios, Discover Battery, EnerSys, East Penn Manufacturing Company, Exide Technologies, Go Power, Fullriver Battery, Harris Battery, Interstate Batteries, GS Yuasa Corporation, Power Sonic Corporation, and Johnson Controls.

Power-Sports Batteries Market Regions