Two Wheeled Traction Battery Market Analysis: Global Industry Size, Growth and Forecast
Report ID : 1373503 | Published : March 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Two Wheeled Traction Battery Market is categorized based on Battery Type (Lithium-ion Batteries, Lead-acid Batteries, Nickel-metal Hydride Batteries) and Vehicle Type (Electric Scooters, Electric Motorcycles, Electric Bicycles) and Application (Personal Use, Commercial Use, Shared Mobility) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Valued at $3 billion in 2023, the Two Wheeled Traction Battery Market size is expected to grow to $10 billion by 2033, with a CAGR of 12.5% from 2024 to 2033. The report comprises various segments and analyzes the trends and factors playing a substantial role in the market.
The world is experiencing a notable increase in demand for electric two-wheelers which in turn will expand the Two Wheeled Traction Battery Market. With the pace of urbanization and concern for the environment growing, the general public as well as business owners are moving towards electric scooters and motorcycles over gasoline scooters. This movement represents more than just a shift in consumer habits; it complements government policies that seek to mitigate carbon emission and foster sustainable transport options.
Traction batteries are at the heart of electric two-wheelers which makes them crucial in this booming market. They provide the power and efficiency needed by the user. The improvements in battery technology energy density, charging speed, and life cycle have enabled manufacturers to offer more reliable and longer lasting batteries. Consequently, the Two Wheeled Traction Battery Market is highly competitive, with both old and new businesses eager to dip their toes into this rapidly growing market.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Tesla Inc., A123 Systems LLC, Panasonic Corporation, Samsung SDI, LG Chem, Exide Industries Ltd., BYD Company Limited, EnerSys, Amperex Technology Co. Ltd., GS Yuasa International Ltd., Sonnenschein |
| SEGMENTS COVERED |
By Battery Type - Lithium-ion Batteries, Lead-acid Batteries, Nickel-metal Hydride Batteries
By Vehicle Type - Electric Scooters, Electric Motorcycles, Electric Bicycles
By Application - Personal Use, Commercial Use, Shared Mobility
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Two Wheeled Traction Battery Market Dynamics
The Two Wheeled Traction Battery Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Two Wheeled Traction Battery Market Segmentations
Market Breakup by Battery Type
- Overview
- Lithium-ion Batteries
- Lead-acid Batteries
- Nickel-metal Hydride Batteries
Market Breakup by Vehicle Type
- Overview
- Electric Scooters
- Electric Motorcycles
- Electric Bicycles
Market Breakup by Application
- Overview
- Personal Use
- Commercial Use
- Shared Mobility
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Two Wheeled Traction Battery Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Tesla Inc.
- A123 Systems LLC
- Panasonic Corporation
- Samsung SDI
- LG Chem
- Exide Industries Ltd.
- BYD Company Limited
- EnerSys
- Amperex Technology Co. Ltd.
- GS Yuasa International Ltd.
- Sonnenschein
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● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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