Powersports batteries are the type of batteries that are widely used in powersport applications, ATVs, UTVs, motorcycles, golf carts, snowmobiles, watercrafts, etc. Technological advancements and key developments in the battery manufacturing sector along with improvements in the design, accuracy and efficiency of the powersports battery are some of the driving factors for this market. Demand for powersports batteries is expected to rise considerably during the forecast period.
MARKET SCOPE
The "Global Powersports Batteries Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the powersports batteries market with detailed market segmentation by voltage, type, vehicle type and geography. The report provides key statistics on the market status of the leading powersports batteries market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on voltage, the global powersports batteries market is segmented into below 12 volt, 12
- 36 volt and above 36 volt
- On the basis of type, the market is segmented into conventional batteries, AGM batteries, lithium batteries and others.
- Based on vehicle type, the market is bifurcated into motorcycles, ATVs and UTVs, golf carts, watercrafts, snowmobiles and others.
MARKET DYNAMICS
Drivers
- Growing demand for electric vehicles all over the world.
- Rising urbanization and increasing per capita disposable income.
- Technological advancements in the battery manufacturing sector.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The powersports batteries market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the powersports batteries market in these regions.
IMPACT OF COVID-19 ON POWERSPORTS BATTERIES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. This pandemic resulted in job losses and salary cuts. This has impacted the buying capacity of the consumer, thus directly affecting the demand for powersports batteries. However, after the situation gets back to normal, this market is predicted to grow considerably.
MARKET PLAYERS
The report covers key developments in the powersports batteries market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from powersports batteries market are anticipated to lucrative growth opportunities in the future with the rising demand for powersports batteries in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the powersports batteries market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Clarios
- Crown Battery
- East Penn Manufacturing Company
- EnerSys
- Exide Technologies
- Interstate Batteries
- Power Sonic Corporation
- Scorpion Battery, Inc.
- Trojan Battery Company
- Yuasa Battery, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.