Worldwide Motorcycle Lead Acid Battery Industry to 2029 – Asia Pacific Dominated the Market in 2020 padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
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The global motorcycle lead acid battery market was valued at US$ 4,754.6 Mn in the year 2020 and expected to reach US$ 7,553.3 Mn by the year 2029, expanding at a CAGR of 5.3% during the forecast from 2021 to 2029.
Batteries are an important part of a vehicle while starting, ignition, and vehicle lighting. Moreover, with a paradigm shift towards battery powered vehicles and electric vehicles battery has gained prominent traction in the global automotive market. Motorcycles, scooters, and other two wheelers significantly contributors to the global automotive battery revenue. Several new battery technologies have invaded the market share, however lead acid battery hold the dominant position in the automotive battery market. Low cost, easily available, suitable for any type of vehicle, highly reliable & durable, and fit work in adverse conditions are some of its advantages that supports its dominant revenue share in the overall automotive ba