Transportation Battery Market Global Forecast Report by Battery Type (Lead-Acid, Lithium-Ion, Other Battery) Types (Vehicle Type, Passenger Cars, Commercial Vehicles) Drive Type (Internal Combustion Engine, Electric Vehicles) Countries and Company Analysis, 2024-2032
Buy NowTransportation Battery Market Analysis
Global Transportation Battery Market was US$ 85.67 Billion in 2023 and will grow US$ 263.78 Billion by 2032, with a CAGR of 13.31% from 2024 to 2032. Growing Electrification, Development of Charging Infrastructure, Growing Adoption of Electric Vehicles, Grid Integration, and Energy Storage are the Main Drivers of Market Growth.
Transportation Battery Market Overview
Rechargeable energy storage batteries designed specifically to power electric cars, buses, trains, bicycles, and scooters are called transportation batteries. These batteries supply electrical energy to the car's electric motor for propulsion after being generated by a range of sources, such as conventional power grids and renewable energy systems.
Furthermore, because they offer a consistent and effective power source, transportation batteries are crucial to the widespread adoption of electric vehicles (EVs). They lessen the need for fossil fuels, make zero-emission mobility possible, and contribute to lowering greenhouse gas emissions and environmental damage. Transportation batteries are also utilized in hybrid cars, which combine them with internal combustion engines to reduce emissions and maximize fuel economy.
| Report Features | Details |
|
Base Year |
2023 |
|
Forecast Years |
2024 - 2032 |
|
Historical Years |
2019 - 2023 |
|
Market Size in 2023 |
US$ 85.67 Billion |
|
Market Forecast in 2032 |
US$ 263.78 Billion |
|
Market Growth Rate (2024-2032) |
13.31% |
Growth Factors in the Transportation Battery Industry
Reusable Alternatives
The need for cost-effective and sustainable second-life applications is growing due to the rising quantity of used batteries from electric vehicles (EVs). Battery life can be extended and leftover capacity can be utilized by using batteries for stationary energy storage applications like grid balancing or backup power. In addition, innovative recycling techniques are being developed to recover vital resources and lessen environmental impact.
Integration of Charging Infrastructure
To increase the adoption of EVs, a dependable and efficient charging infrastructure must be made available. Thanks to bidirectional charging methods, EVs can feed electricity back into the grid, stabilizing the system and potentially generating cash for EV owners. Furthermore, with the ability to totally change the charging process, inductive and radiative wireless charging technologies aim to increase accessibility and convenience.
North America Transportation Battery Market Overview:
The federal, state, and local governments in North America, especially in the US and Canada, have implemented a number of laws and incentives to promote the use of electric vehicles (EVs) and the development of associated infrastructure. These consist of tax benefits for EV purchasers, funding and incentives for battery and EV production, laws requiring a specific proportion of newly sold cars to be electric, and expenditures on EV charging infrastructure. By lowering the total cost of ownership for EVs, these policies hope to increase their competitiveness against cars with internal combustion engines and entice individuals and companies to transition to electric transportation.
Additionally, North America has invested much in the creation, manufacturing, and research of battery technology. New facilities for battery manufacture and research are being constructed in the area by significant automakers and battery companies. This capacity for domestic production is essential for reducing dependency on imported batteries, reducing supply chain risks, and encouraging advancements in battery technology. The objective is to improve battery performance, cut prices, and fortify the supply chain—all of which are essential to the expansion of the EV market.
Transportation Battery Market Company Overview
Some of the industry leaders seen in the Global Transportation Battery Market Includes Panasonic Corporation, Exide Industries, VARTA, Hitachi Group Ltd, Robert Bosch GmbH, SAMSUNG SDI Co. Ltd, LG Chem Ltd.
Transportation Battery Market News
In February 2024, in early 2024, CATL and Ford announced a cooperation to deliver lithium iron phosphate (LFP) batteries for F-150 Lightnings and Mustang Mach-E vehicles in North America. This gives CATL's LFP chemical capabilities a large customer.
In February 2024, In Sweden, Northvolt opened Revolt Ett, its first battery recycling factory. This shows a dedication to sustainable production and the circular battery economy.
In January 2024, Tesla has announced price reductions for a number of its electric vehicle models in Europe and the US. Although this is unrelated to the development of batteries, it does have a significant effect on demand and market dynamics.
In January 2024, Gotion High-Tech declared its plans to build a sizable new battery manufacturing facility in Michigan, USA. This suggests that the North American market is expanding.
Battery Type – Market breakup in 3 viewpoints:
- Lead-Acid
- Lithium-Ion
- Other Battery
Types– Market breakup in 3 viewpoints:
- Vehicle Type
- Passenger Cars
- Commercial Vehicles
Drive Type– Market breakup in 2 viewpoints:
- Internal Combustion Engine
- Electric Vehicles
Country – Market breakup in 25 viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- the Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
All the Key players have been covered from 4 Viewpoints:
- Overview
- Recent Development & Strategies
- Product Portfolio
- Financial Insights
Company Analysis:
- Panasonic Corporation
- Exide Industries
- VARTA
- Hitachi Group Ltd
- Robert Bosch GmbH
- SAMSUNG SDI Co. Ltd
- LG Chem Ltd
Report Details:
| Report Features | Details |
| Base Year |
2023 |
| Historical Period |
2019 - 2023 |
| Forecast Period |
2024 - 2032 |
| Market |
US$ Billion |
| Segment Covered |
Battery Type, Types, Drive Type and Countries |
| Countries Covered |
|
| Companies Covered |
|
| Customization Scope |
20% Free Customization |
| Post-Sale Analyst Support |
1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Key Questions Answered in This Report:
- How big is the Transportation Battery industry?
- What is the Transportation Battery industry growth rate?
- Who are the key players in Transportation Battery industry?
- What are the factors driving the Transportation Battery industry?
- Which Region held the largest market share in the Transportation Battery industry?
- What segments are covered in the Transportation Battery Market report?
Customization Services available
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- Region-Specific Market Dynamics:
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1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Transportation Battery Market
6. Share Analysis – Global Transportation Battery Market
6.1 By Battery Type
6.2 By Vehicle Type
6.3 By Countries
7. Battery Type – Global Transportation Battery Market
7.1 Lithium Ion Battery
7.2 Lead Acid Battery
7.3 Other Battery Types
8. Vehicle Type – Global Transportation Battery Market
8.1 Passenger Cars
8.2 Light and Heavy Commercial Vehicles
8.3 Electric Vehicles
8.4 Others
9. Countries – Global Transportation Battery Market
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Europe
9.2.1 Poland
9.2.2 Germany
9.2.3 Spain
9.2.4 France
9.2.5 United Kingdom
9.2.6 Italy
9.2.7 Netherlands
9.2.8 Turkey
9.2.9 Others in Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 South Korea
9.3.4 India
9.3.5 Australia
9.3.6 Indonesia
9.3.7 Thailand
9.3.8 Malaysia
9.3.9 Others in Asia-Pacific
9.4 Middle East and Africa
9.4.1 Saudi Arabia
9.4.2 UAE
9.4.3 South Africa
9.4.4 Others in Middle East and Africa
9.5 Latin America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Mexico
9.5.5 Others in Latin America
10. Porters Five Forces
10.1 Bargaining Power of Buyers
10.2 Bargaining Power of Suppliers
10.3 Degree of Competition
10.4 Threat of New Entrants
10.5 Threat of Substitutes
11. SWOT Analysis
11.1 Strengths
11.2 Weaknesses
11.3 Opportunities
11.4 Threats
12. Company Analysis
12.1 BYD Company Ltd.
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Financial Insights
12.2 Samsung SDI Company Limited
12.2.1 Overview
12.2.2 Recent Development
12.2.3 Financial Insights
12.3 GS Yuasa Corporation
12.3.1 Overview
12.3.2 Recent Development
12.3.3 Financial Insights
12.4 Johnsons Controls Inc.
12.4.1 Overview
12.4.2 Recent Development
12.4.3 Financial Insights
12.5 Exide Technologies
12.5.1 Overview
12.5.2 Recent Development
12.5.3 Financial Insights
List of Figures:
Figure-01: Global – Transportation Battery Market (Billion US$), 2018 – 2023
Figure-02: Global – Forecast for Transportation Battery Market (Billion US$), 2024 – 2028
Figure-03: Battery Type – Lithium Ion Battery Market (Billion US$), 2018 – 2023
Figure-04: Battery Type – Forecast for Lithium Ion Battery Market (Billion US$), 2024 – 2028
Figure-05: Battery Type – Lead Acid Battery Market (Billion US$), 2018 – 2023
Figure-06: Battery Type – Forecast for Lead Acid Battery Market (Billion US$), 2024 – 2028
Figure-07: Battery Type – Other Battery Types Market (Billion US$), 2018 – 2023
Figure-08: Battery Type – Forecast for Other Battery Types Market (Billion US$), 2024 – 2028
Figure-09: Vehicle Type – Passenger Cars Market (Billion US$), 2018 – 2023
Figure-10: Vehicle Type – Forecast for Passenger Cars Market (Billion US$), 2024 – 2028
Figure-11: Vehicle Type – Light and Heavy Commercial Vehicles Market (Billion US$), 2018 – 2023
Figure-12: Vehicle Type – Forecast for Light and Heavy Commercial Vehicles Market (Billion US$), 2024 – 2028
Figure-13: Vehicle Type – Electric Vehicles Market (Billion US$), 2018 – 2023
Figure-14: Vehicle Type – Forecast for Electric Vehicles Market (Billion US$), 2024 – 2028
Figure-15: Vehicle Type – Others Market (Billion US$), 2018 – 2023
Figure-16: Vehicle Type – Forecast for Others Market (Billion US$), 2024 – 2028
Figure-17: United States – Transportation Battery Market (Million US$), 2018 – 2023
Figure-18: United States – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-19: Canada – Transportation Battery Market (Million US$), 2018 – 2023
Figure-20: Canada – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-21: Poland – Transportation Battery Market (Million US$), 2018 – 2023
Figure-22: Poland – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-23: Germany – Transportation Battery Market (Million US$), 2018 – 2023
Figure-24: Germany – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-25: Spain – Transportation Battery Market (Million US$), 2018 – 2023
Figure-26: Spain – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-27: France – Transportation Battery Market (Million US$), 2018 – 2023
Figure-28: France – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-29: United Kingdom – Transportation Battery Market (Million US$), 2018 – 2023
Figure-30: United Kingdom – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-31: Italy – Transportation Battery Market (Million US$), 2018 – 2023
Figure-32: Italy – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-33: Netherlands – Transportation Battery Market (Million US$), 2018 – 2023
Figure-34: Netherlands – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-35: Turkey – Transportation Battery Market (Million US$), 2018 – 2023
Figure-36: Turkey – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-37: Others in Europe – Transportation Battery Market (Million US$), 2018 – 2023
Figure-38: Others in Europe – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-39: China – Transportation Battery Market (Million US$), 2018 – 2023
Figure-40: China – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-41: Japan – Transportation Battery Market (Million US$), 2018 – 2023
Figure-42: Japan – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-43: South Korea – Transportation Battery Market (Million US$), 2018 – 2023
Figure-44: South Korea – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-45: India – Transportation Battery Market (Million US$), 2018 – 2023
Figure-46: India – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-47: Australia – Transportation Battery Market (Million US$), 2018 – 2023
Figure-48: Australia – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-49: Indonesia – Transportation Battery Market (Million US$), 2018 – 2023
Figure-50: Indonesia – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-51: Thailand – Transportation Battery Market (Million US$), 2018 – 2023
Figure-52: Thailand – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-53: Malaysia – Transportation Battery Market (Million US$), 2018 – 2023
Figure-54: Malaysia – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-55: Others in Asia-Pacific – Transportation Battery Market (Million US$), 2018 – 2023
Figure-56: Others in Asia-Pacific – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-57: Saudi Arabia – Transportation Battery Market (Million US$), 2018 – 2023
Figure-58: Saudi Arabia – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-59: UAE – Transportation Battery Market (Million US$), 2018 – 2023
Figure-60: UAE – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-61: South Africa – Transportation Battery Market (Million US$), 2018 – 2023
Figure-62: South Africa – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-63: Others in Middle East and Africa – Transportation Battery Market (Million US$), 2018 – 2023
Figure-64: Others in Middle East and Africa – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-65: Brazil – Transportation Battery Market (Million US$), 2018 – 2023
Figure-66: Brazil – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-67: Argentina – Transportation Battery Market (Million US$), 2018 – 2023
Figure-68: Argentina – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-69: Chile – Transportation Battery Market (Million US$), 2018 – 2023
Figure-70: Chile – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-71: Mexico – Transportation Battery Market (Million US$), 2018 – 2023
Figure-72: Mexico – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-73: Others in Latin America – Transportation Battery Market (Million US$), 2018 – 2023
Figure-74: Others in Latin America – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-75: BYD Company Ltd. – Global Revenue (Billion US$), 2018 – 2023
Figure-76: BYD Company Ltd. – Forecast for Global Revenue (Billion US$), 2024 – 2028
Figure-77: Samsung SDI Company Limited – Global Revenue (Billion US$), 2018 – 2023
Figure-78: Samsung SDI Company Limited – Forecast for Global Revenue (Billion US$), 2024 – 2028
Figure-79: GS Yuasa Corporation – Global Revenue (Billion US$), 2018 – 2023
Figure-80: GS Yuasa Corporation – Forecast for Global Revenue (Billion US$), 2024 – 2028
Figure-81: Johnsons Controls Inc. – Global Revenue (Billion US$), 2018 – 2023
Figure-82: Johnsons Controls Inc. – Forecast for Global Revenue (Billion US$), 2024 – 2028
Figure-83: Exide Technologies – Global Revenue (Billion US$), 2018 – 2023
Figure-84: Exide Technologies – Forecast for Global Revenue (Billion US$), 2024 – 2028
List of Tables:
Table-01: Global – Transportation Battery Market Share by Battery Type (Percent), 2018 – 2023
Table-02: Global – Forecast for Transportation Battery Market Share by Battery Type (Percent), 2024 – 2028
Table-03: Global – Transportation Battery Market Share by Vehicle Type (Percent), 2018 – 2023
Table-04: Global – Forecast for Transportation Battery Market Share by Vehicle Type (Percent), 2024 – 2028
Table-05: Global – Transportation Battery Market Share by Countries (Percent), 2018 – 2023
Table-06: Global – Forecast for Transportation Battery Market Share by Countries (Percent), 2024 – 2028
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