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EV-traction Batteries-Global Market Insights and Sales Trends 2024
Synopsis
Traction batteries, also known as electric vehicle batteries (EVB), are used to power electric or hybrid vehicles. The main focus of the traction battery design is the need for high capacity weight and volume ratios as the vehicle must also carry its power source.
The global EV-traction Batteries market size is expected to reach US$ 52920 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of EV-traction Batteries in various end use industries. The expanding demands from the Industrial Vehicles and Recreational Vehicles, are propelling EV-traction Batteries market. Open Lead Acid Battery, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pure Lead Battery segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for EV-traction Batteries, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global EV-traction Batteries market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global EV-traction Batteries market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, EV-traction Batteries sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of EV-traction Batteries covered in this report include Panasonic, CATL, LG Chem, BYD, GS Yuasa, Gotion, CSICP, Lishen and East Penn Manufacturing, etc.
The global EV-traction Batteries market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Panasonic
CATL
LG Chem
BYD
GS Yuasa
Gotion
CSICP
Lishen
East Penn Manufacturing
Clarios
Enersys
Global EV-traction Batteries market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global EV-traction Batteries market, Segment by Type:
Open Lead Acid Battery
Pure Lead Battery
Gel Battery
Lithium-Ion Battery
Global EV-traction Batteries market, by Application
Industrial Vehicles
Recreational Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of EV-traction Batteries manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of EV-traction Batteries in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Traction batteries, also known as electric vehicle batteries (EVB), are used to power electric or hybrid vehicles. The main focus of the traction battery design is the need for high capacity weight and volume ratios as the vehicle must also carry its power source.
The global EV-traction Batteries market size is expected to reach US$ 52920 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of EV-traction Batteries in various end use industries. The expanding demands from the Industrial Vehicles and Recreational Vehicles, are propelling EV-traction Batteries market. Open Lead Acid Battery, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pure Lead Battery segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for EV-traction Batteries, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global EV-traction Batteries market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global EV-traction Batteries market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, EV-traction Batteries sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of EV-traction Batteries covered in this report include Panasonic, CATL, LG Chem, BYD, GS Yuasa, Gotion, CSICP, Lishen and East Penn Manufacturing, etc.
The global EV-traction Batteries market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Panasonic
CATL
LG Chem
BYD
GS Yuasa
Gotion
CSICP
Lishen
East Penn Manufacturing
Clarios
Enersys
Global EV-traction Batteries market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global EV-traction Batteries market, Segment by Type:
Open Lead Acid Battery
Pure Lead Battery
Gel Battery
Lithium-Ion Battery
Global EV-traction Batteries market, by Application
Industrial Vehicles
Recreational Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of EV-traction Batteries manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of EV-traction Batteries in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 EV-traction Batteries Market Overview
1.1 EV-traction Batteries Product Overview
1.2 EV-traction Batteries Market Segment by Type
1.2.1 Open Lead Acid Battery
1.2.2 Pure Lead Battery
1.2.3 Gel Battery
1.2.4 Lithium-Ion Battery
1.3 Global EV-traction Batteries Market Size by Type
1.3.1 Global EV-traction Batteries Market Size Overview by Type (2018-2029)
1.3.2 Global EV-traction Batteries Historic Market Size Review by Type (2018-2023)
1.3.3 Global EV-traction Batteries Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America EV-traction Batteries Sales Breakdown by Type (2018-2023)
1.4.2 Europe EV-traction Batteries Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific EV-traction Batteries Sales Breakdown by Type (2018-2023)
1.4.4 Latin America EV-traction Batteries Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa EV-traction Batteries Sales Breakdown by Type (2018-2023)
2 Global EV-traction Batteries Market Competition by Company
2.1 Global Top Players by EV-traction Batteries Sales (2018-2023)
2.2 Global Top Players by EV-traction Batteries Revenue (2018-2023)
2.3 Global Top Players by EV-traction Batteries Price (2018-2023)
2.4 Global Top Manufacturers EV-traction Batteries Manufacturing Base Distribution, Sales Area, Product Type
2.5 EV-traction Batteries Market Competitive Situation and Trends
2.5.1 EV-traction Batteries Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by EV-traction Batteries Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in EV-traction Batteries as of 2022)
2.7 Date of Key Manufacturers Enter into EV-traction Batteries Market
2.8 Key Manufacturers EV-traction Batteries Product Offered
2.9 Mergers & Acquisitions, Expansion
3 EV-traction Batteries Status and Outlook by Region
3.1 Global EV-traction Batteries Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global EV-traction Batteries Historic Market Size by Region
3.2.1 Global EV-traction Batteries Sales in Volume by Region (2018-2023)
3.2.2 Global EV-traction Batteries Sales in Value by Region (2018-2023)
3.2.3 Global EV-traction Batteries Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global EV-traction Batteries Forecasted Market Size by Region
3.3.1 Global EV-traction Batteries Sales in Volume by Region (2024-2029)
3.3.2 Global EV-traction Batteries Sales in Value by Region (2024-2029)
3.3.3 Global EV-traction Batteries Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global EV-traction Batteries by Application
4.1 EV-traction Batteries Market Segment by Application
4.1.1 Industrial Vehicles
4.1.2 Recreational Vehicles
4.2 Global EV-traction Batteries Market Size by Application
4.2.1 Global EV-traction Batteries Market Size Overview by Application (2018-2029)
4.2.2 Global EV-traction Batteries Historic Market Size Review by Application (2018-2023)
4.2.3 Global EV-traction Batteries Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America EV-traction Batteries Sales Breakdown by Application (2018-2023)
4.3.2 Europe EV-traction Batteries Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific EV-traction Batteries Sales Breakdown by Application (2018-2023)
4.3.4 Latin America EV-traction Batteries Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa EV-traction Batteries Sales Breakdown by Application (2018-2023)
5 North America EV-traction Batteries by Country
5.1 North America EV-traction Batteries Historic Market Size by Country
5.1.1 North America EV-traction Batteries Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America EV-traction Batteries Sales in Volume by Country (2018-2023)
5.1.3 North America EV-traction Batteries Sales in Value by Country (2018-2023)
5.2 North America EV-traction Batteries Forecasted Market Size by Country
5.2.1 North America EV-traction Batteries Sales in Volume by Country (2024-2029)
5.2.2 North America EV-traction Batteries Sales in Value by Country (2024-2029)
6 Europe EV-traction Batteries by Country
6.1 Europe EV-traction Batteries Historic Market Size by Country
6.1.1 Europe EV-traction Batteries Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe EV-traction Batteries Sales in Volume by Country (2018-2023)
6.1.3 Europe EV-traction Batteries Sales in Value by Country (2018-2023)
6.2 Europe EV-traction Batteries Forecasted Market Size by Country
6.2.1 Europe EV-traction Batteries Sales in Volume by Country (2024-2029)
6.2.2 Europe EV-traction Batteries Sales in Value by Country (2024-2029)
7 Asia-Pacific EV-traction Batteries by Region
7.1 Asia-Pacific EV-traction Batteries Historic Market Size by Region
7.1.1 Asia-Pacific EV-traction Batteries Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific EV-traction Batteries Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific EV-traction Batteries Sales in Value by Region (2018-2023)
7.2 Asia-Pacific EV-traction Batteries Forecasted Market Size by Region
7.2.1 Asia-Pacific EV-traction Batteries Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific EV-traction Batteries Sales in Value by Region (2024-2029)
8 Latin America EV-traction Batteries by Country
8.1 Latin America EV-traction Batteries Historic Market Size by Country
8.1.1 Latin America EV-traction Batteries Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America EV-traction Batteries Sales in Volume by Country (2018-2023)
8.1.3 Latin America EV-traction Batteries Sales in Value by Country (2018-2023)
8.2 Latin America EV-traction Batteries Forecasted Market Size by Country
8.2.1 Latin America EV-traction Batteries Sales in Volume by Country (2024-2029)
8.2.2 Latin America EV-traction Batteries Sales in Value by Country (2024-2029)
9 Middle East and Africa EV-traction Batteries by Country
9.1 Middle East and Africa EV-traction Batteries Historic Market Size by Country
9.1.1 Middle East and Africa EV-traction Batteries Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa EV-traction Batteries Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa EV-traction Batteries Sales in Value by Country (2018-2023)
9.2 Middle East and Africa EV-traction Batteries Forecasted Market Size by Country
9.2.1 Middle East and Africa EV-traction Batteries Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa EV-traction Batteries Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Panasonic
10.1.1 Panasonic Company Information
10.1.2 Panasonic Introduction and Business Overview
10.1.3 Panasonic EV-traction Batteries Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Panasonic EV-traction Batteries Products Offered
10.1.5 Panasonic Recent Development
10.2 CATL
10.2.1 CATL Company Information
10.2.2 CATL Introduction and Business Overview
10.2.3 CATL EV-traction Batteries Sales, Revenue and Gross Margin (2018-2023)
10.2.4 CATL EV-traction Batteries Products Offered
10.2.5 CATL Recent Development
10.3 LG Chem
10.3.1 LG Chem Company Information
10.3.2 LG Chem Introduction and Business Overview
10.3.3 LG Chem EV-traction Batteries Sales, Revenue and Gross Margin (2018-2023)
10.3.4 LG Chem EV-traction Batteries Products Offered
10.3.5 LG Chem Recent Development
10.4 BYD
10.4.1 BYD Company Information
10.4.2 BYD Introduction and Business Overview
10.4.3 BYD EV-traction Batteries Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BYD EV-traction Batteries Products Offered
10.4.5 BYD Recent Development
10.5 GS Yuasa
10.5.1 GS Yuasa Company Information
10.5.2 GS Yuasa Introduction and Business Overview
10.5.3 GS Yuasa EV-traction Batteries Sales, Revenue and Gross Margin (2018-2023)
10.5.4 GS Yuasa EV-traction Batteries Products Offered
10.5.5 GS Yuasa Recent Development
10.6 Gotion
10.6.1 Gotion Company Information
10.6.2 Gotion Introduction and Business Overview
10.6.3 Gotion EV-traction Batteries Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Gotion EV-traction Batteries Products Offered
10.6.5 Gotion Recent Development
10.7 CSICP
10.7.1 CSICP Company Information
10.7.2 CSICP Introduction and Business Overview
10.7.3 CSICP EV-traction Batteries Sales, Revenue and Gross Margin (2018-2023)
10.7.4 CSICP EV-traction Batteries Products Offered
10.7.5 CSICP Recent Development
10.8 Lishen
10.8.1 Lishen Company Information
10.8.2 Lishen Introduction and Business Overview
10.8.3 Lishen EV-traction Batteries Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Lishen EV-traction Batteries Products Offered
10.8.5 Lishen Recent Development
10.9 East Penn Manufacturing
10.9.1 East Penn Manufacturing Company Information
10.9.2 East Penn Manufacturing Introduction and Business Overview
10.9.3 East Penn Manufacturing EV-traction Batteries Sales, Revenue and Gross Margin (2018-2023)
10.9.4 East Penn Manufacturing EV-traction Batteries Products Offered
10.9.5 East Penn Manufacturing Recent Development
10.10 Clarios
10.10.1 Clarios Company Information
10.10.2 Clarios Introduction and Business Overview
10.10.3 Clarios EV-traction Batteries Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Clarios EV-traction Batteries Products Offered
10.10.5 Clarios Recent Development
10.11 Enersys
10.11.1 Enersys Company Information
10.11.2 Enersys Introduction and Business Overview
10.11.3 Enersys EV-traction Batteries Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Enersys EV-traction Batteries Products Offered
10.11.5 Enersys Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 EV-traction Batteries Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 EV-traction Batteries Industrial Chain Analysis
11.4 EV-traction Batteries Market Dynamics
11.4.1 EV-traction Batteries Industry Trends
11.4.2 EV-traction Batteries Market Drivers
11.4.3 EV-traction Batteries Market Challenges
11.4.4 EV-traction Batteries Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 EV-traction Batteries Distributors
12.3 EV-traction Batteries Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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