According to the business intelligence report titled ‘Global Power-sports Batteries Market Size study, by Product (Conventional Flooded batteries and Absorbed Glass Mat), By Application (Snowmobile, ATV, Scooter, Jet Ski, Marine Boat and UTV) and Regional Forecasts 2020-2027’, available with Market Study Report, global power-sports batteries market is anticipated to register a compound annual growth rate of 6% during 2020-2027.
 

As per the findings of the report, rapid development in the automotive sector due to technological advancements, along with growing efforts of automakers towards reducing the use of fossil fuels are augmenting global power-sports batteries market size.
 

Moreover, escalating demand for electric vehicles and e-bikes, along with integration of advanced electronic systems such as navigation, Bluetooth, and GPS in vehicles will continue to stimulate the industry growth. Besides, favorable government initiatives are enhancing the industry outlook.
 

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Notably, consumer preferences are gradually shifting from conventional batteries to power-sports batteries, owing to cost-effective nature and enhanced performance benefits.
 

On the contrary, global power-sports batteries market growth is hindered due to the chemically sensitive nature of these batteries driving regulatory authorities to impose stringent regulations on storage, transportation, and manufacturing of the product.
 

Based on product scope, the market is bifurcated into absorbed glass mat and conventional flooded batteries. Speaking of application spectrum, the market is split into UTV, marine boat, jet ski, scooter, ATV, and snowmobile.
 

Elaborating on the regional scope, Asia-Pacific power-sport batteries market is touted to amass substantial gains during 2020-2027, owing to high concentration of prominent two-wheeler manufacturers and surging demand for motorcycles in Indonesia, India, and China.
 

Power Sonic Corp., Skyrich Powersport Batteries, GS Yuasa Corp., Scorpion Battery, Inc., Interstate Battery System of America, Inc., Fullriver Battery, Unibat, LLC, Clarios, EnerSys, and East Penn Manufacturing Co. are the key participants in worldwide power-sports batteries market sphere.