The global traction batteries market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market is driven by the increasing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs). The increasing demand for EVs and HEVs is due to their low emission levels, which helps in reducing air pollution. Moreover, these vehicles are also cost-effective as compared to conventional fuel-powered cars. The global traction batteries market has been segmented on the basis of type into lithium ion batteries, nickel metal hydride batteries, and lead acid batteries; on the basis of application into BEVs, HEVs, and PHEVs; and on the basis of region into North America, Latin America, Europe, Asia Pacific & Middle East & Africa.
- The increasing demand for electric vehicles is expected to drive the growth of the traction battery market.
- Increasing investments in research and development activities by key players in this market are also driving its growth.
- Growing awareness about environmental issues is also expected to fuel the traction battery market.
Industry Growth Insights published a new data on “Traction Batteries Market”. The research report is titled “Traction Batteries Market research by Types (Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Lead-Acid Batteries), By Applications (BEVs, HEVs, PHEVs), By Players/Companies Panasonic, BYD, LG Chem, AESC, SAMSUNG SDI, Mitsubishi/GS Yuasa, Epower, Beijing Pride Power, Air Litium (Lyoyang), Wanxiang, Tianjin Lishen Battery, Automotive Energy Supply Corporation, Primearth EV Energy, Hitachi Vehicle Energy, TOSHIBA CORPORATION, SK Innovation, Amperex Technology, CATL”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Traction Batteries Market Research Report
By Type
Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Lead-Acid Batteries
By Application
BEVs, HEVs, PHEVs
By Companies
Panasonic, BYD, LG Chem, AESC, SAMSUNG SDI, Mitsubishi/GS Yuasa, Epower, Beijing Pride Power, Air Litium (Lyoyang), Wanxiang, Tianjin Lishen Battery, Automotive Energy Supply Corporation, Primearth EV Energy, Hitachi Vehicle Energy, TOSHIBA CORPORATION, SK Innovation, Amperex Technology, CATL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Traction Batteries Market Report Segments:
The global Traction Batteries market is segmented on the basis of:
Types
Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Lead-Acid Batteries
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BEVs, HEVs, PHEVs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- BYD
- LG Chem
- AESC
- SAMSUNG SDI
- Mitsubishi/GS Yuasa
- Epower
- Beijing Pride Power
- Air Litium (Lyoyang)
- Wanxiang
- Tianjin Lishen Battery
- Automotive Energy Supply Corporation
- Primearth EV Energy
- Hitachi Vehicle Energy
- TOSHIBA CORPORATION
- SK Innovation
- Amperex Technology
- CATL
Highlights of The Traction Batteries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lithium-Ion Batteries
- Nickel-Metal Hydride Batteries
- Lead-Acid Batteries
- By Application:
- BEVs
- HEVs
- PHEVs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Traction Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Traction batteries are a type of battery that is used to power electric vehicles. They are made up of several cells that are connected together and can be charged using an electric current.
Some of the major companies in the traction batteries market are Panasonic, BYD, LG Chem, AESC, SAMSUNG SDI, Mitsubishi/GS Yuasa, Epower, Beijing Pride Power, Air Litium (Lyoyang), Wanxiang, Tianjin Lishen Battery, Automotive Energy Supply Corporation, Primearth EV Energy, Hitachi Vehicle Energy, TOSHIBA CORPORATION, SK Innovation, Amperex Technology, CATL.
The traction batteries market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Traction Batteries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Traction Batteries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Traction Batteries Market - Supply Chain
4.5. Global Traction Batteries Market Forecast
4.5.1. Traction Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Traction Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. Traction Batteries Market Absolute $ Opportunity
5. Global Traction Batteries Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Traction Batteries Market Size and Volume Forecast by Type
5.3.1. Lithium-Ion Batteries
5.3.2. Nickel-Metal Hydride Batteries
5.3.3. Lead-Acid Batteries
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Traction Batteries Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Traction Batteries Market Size and Volume Forecast by Application
6.3.1. BEVs
6.3.2. HEVs
6.3.3. PHEVs
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Traction Batteries Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Traction Batteries Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Traction Batteries Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Traction Batteries Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Traction Batteries Demand Share Forecast, 2019-2029
9. North America Traction Batteries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Traction Batteries Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Traction Batteries Market Size and Volume Forecast by Application
9.4.1. BEVs
9.4.2. HEVs
9.4.3. PHEVs
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Traction Batteries Market Size and Volume Forecast by Type
9.7.1. Lithium-Ion Batteries
9.7.2. Nickel-Metal Hydride Batteries
9.7.3. Lead-Acid Batteries
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Traction Batteries Demand Share Forecast, 2019-2029
10. Latin America Traction Batteries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Traction Batteries Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Traction Batteries Market Size and Volume Forecast by Application
10.4.1. BEVs
10.4.2. HEVs
10.4.3. PHEVs
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Traction Batteries Market Size and Volume Forecast by Type
10.7.1. Lithium-Ion Batteries
10.7.2. Nickel-Metal Hydride Batteries
10.7.3. Lead-Acid Batteries
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Traction Batteries Demand Share Forecast, 2019-2029
11. Europe Traction Batteries Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Traction Batteries Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Traction Batteries Market Size and Volume Forecast by Application
11.4.1. BEVs
11.4.2. HEVs
11.4.3. PHEVs
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Traction Batteries Market Size and Volume Forecast by Type
11.7.1. Lithium-Ion Batteries
11.7.2. Nickel-Metal Hydride Batteries
11.7.3. Lead-Acid Batteries
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attrativeness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Traction Batteries Demand Share, 2019-2029
12. Asia Pacific Traction Batteries Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Traction Batteries Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Traction Batteries Market Size and Volume Forecast by Application
12.4.1. BEVs
12.4.2. HEVs
12.4.3. PHEVs
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Traction Batteries Market Size and Volume Forecast by Type
12.7.1. Lithium-Ion Batteries
12.7.2. Nickel-Metal Hydride Batteries
12.7.3. Lead-Acid Batteries
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Traction Batteries Demand Share, 2019-2029
13. Middle East & Africa Traction Batteries Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Traction Batteries Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Traction Batteries Market Size and Volume Forecast by Application
13.4.1. BEVs
13.4.2. HEVs
13.4.3. PHEVs
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Traction Batteries Market Size and Volume Forecast by Type
13.7.1. Lithium-Ion Batteries
13.7.2. Nickel-Metal Hydride Batteries
13.7.3. Lead-Acid Batteries
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Traction Batteries Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Traction Batteries Market: Market Share Analysis
14.2. Traction Batteries Distributors and Customers
14.3. Traction Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Panasonic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BYD
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. LG Chem
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AESC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SAMSUNG SDI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi/GS Yuasa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Epower
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Beijing Pride Power
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Air Litium (Lyoyang)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wanxiang
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tianjin Lishen Battery
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Automotive Energy Supply Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Primearth EV Energy
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hitachi Vehicle Energy
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. TOSHIBA CORPORATION
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SK Innovation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Amperex Technology
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. CATL
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook