Powersports Batteries Market Size to Surpass USD 5.54 Billion by 2032 | Research by SNS Insider

Market Overview - The Powersports Batteries Market was valued at USD 3.6 Billion in 2024 and is projected to reach USD 5.54 Billion by 2032, growing at a CAGR of 5.54% from 2025 to 2032 [1][7] - The U.S. market is expected to grow at a CAGR of 2.99% during the same period, reaching USD 1.37 Billion [1] Growth Drivers - The increasing popularity of electric bikes, ATVs, and recreational vehicles, along with the demand for long-lasting, high-performance batteries, is driving market growth [1] - Innovations in rapid-charging and cost-effective battery technologies are enhancing energy conversion and lifespan, further propelling market expansion [2] Technological Advancements - New developments in alternative battery chemistries, such as sodium-ion and advanced lithium-based systems, are improving energy density and reducing production costs [2] - These advancements enable longer ride durations and quicker recharging for electric motorcycles, ATVs, and recreational vehicles, increasing market adoption [2] Market Segmentation - Lead-acid batteries held a dominant share of 37% in 2024, with sealed lead-acid batteries projected to grow at a CAGR of 7.91% [8] - Lithium-ion batteries dominated the market with a 49% share in 2024, while lithium iron phosphate (LFP) batteries are expected to grow at a CAGR of 10.54% [9] - Starter batteries accounted for 35% of the market in 2024, with deep cycle batteries projected to grow at a CAGR of 6.67% [10] Application Insights - Automotive batteries (starter and deep cycle) dominated the market with a 40% share in 2024, while solar and renewable energy applications are expected to grow at a CAGR of 10.54% [13] Regional Insights - North America leads the global Powersports Batteries Market with a 44% share in 2024, while the Asia Pacific region is the fastest-growing at a CAGR of 7.19% [14] Key Market Players - Leading companies in the Powersports Batteries Market include BS Battery, CLARIOS LLC, Discover Battery, East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., and others [5][12]