May 17, 2024

Traction Battery Market Size to Grow US$ 339.94 Billion By 2032

The global traction battery market size was approximate at US$ 21 billion in 2022 and is anticipated to grow US$ 339.94 billion by 2032, registering a compound annual growth rate of 21% from 2023 to 2032.

Traction Battery Market Size 2023 To 2032

The traction battery market report covering various industry elements and growth trends helpful for predicting the market’s future.

The study provides a strong base for the traction battery market to be segmented into different segments. In fact, the study also covers the maximum market share during the assessment period by 2032.

This study is based on the partners that are highly competitive, key players as well as their market revenue in the forecast years of 2023 g0066ztr to 2032. There is also a strong focus on product revenues, sales, product categories and even the products that are experiencing the most traction. In this manner, the traction battery report also speaks about the effectiveness of this market along with its growth during the forecast period of 2030. Other major attributes of the traction battery market have been studied and analysed across many developments.

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Traction Battery Market Report Scope

Report Coverage Details
Market Size in 2023 USD 60.87 Billion
Market Size by 2032 USD 339.94 Billion
Growth Rate from 2023 to 2032 CAGR of 21%
Largest Market Asia Pacific
Base Year 2022
Forecast Period 2023 To 2032
Segments Covered By Product Type, By Capacity and By Application
Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East & Africa

Also read: E-mobility Rental Market to Show Incredible Growth 2023 to 2032

Research Approach

The comprehensive report on the global traction battery market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global traction battery market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

Key Players

  • BAE Batteries GmbH
  • Banner Batteries (GB) Ltd.
  • Ecovolta
  • Exide Industries Ltd.
  • GS Yuasa International Ltd.
  • HOPPECKE Carl Zoellner & Sohn GmbH
  • Inci Aku
  • INTILION GmbH
  • Leoch International Technology Limited Inc
  • Toshiba Corporation

Market Segmentations

By Product Type

  • Lead Acid Based
  • Nickel Based
  • Lithium-Ion Based
  • Others

By Capacity

  • Less than 100 Ah
  • 100-200 Ah
  • 200-300 Ah
  • 300-400 Ah
  • 400 Ah & Above

By Application

  • Electric Vehicle (EV)
  • Industrial
  • Locomotives

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Traction Battery Market 

5.1. COVID-19 Landscape: Traction Battery Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Traction Battery Market, By Product Type

8.1. Traction Battery Market Revenue and Volume, by Product Type, 2023-2032

8.1.1 Lead Acid Based

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Nickel Based

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. Lithium-Ion Based

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

8.1.4. Others

8.1.4.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Traction Battery Market, By Capacity

9.1. Traction Battery Market Revenue and Volume, by Capacity, 2023-2032

9.1.1. Less than 100 Ah

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. 100-200 Ah

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

9.1.3. 200-300 Ah

9.1.3.1. Market Revenue and Volume Forecast (2020-2032)

9.1.4. 300-400 Ah

9.1.4.1. Market Revenue and Volume Forecast (2020-2032)

9.1.5. 400 Ah & Above

9.1.5.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global Traction Battery Market, By Application 

10.1. Traction Battery Market Revenue and Volume, by Application, 2023-2032

10.1.1. Electric Vehicle (EV)

10.1.1.1. Market Revenue and Volume Forecast (2020-2032)

10.1.2. Industrial

10.1.2.1. Market Revenue and Volume Forecast (2020-2032)

10.1.3. Locomotives

10.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 11. Global Traction Battery Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.1.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.1.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.1.4.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.1.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.1.5.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.1.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.2.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.2.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.2.4.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.2.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.2.5.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.2.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.2.6.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.2.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.2.7.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.2.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.3.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.3.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.3.4.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.3.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.3.5.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.3.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.3.6.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.3.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.3.7.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.3.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.4.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.4.4.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.4.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.4.5.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.4.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.4.6.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.4.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.4.7.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.4.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.5.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.5.4.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.5.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

11.5.5.2. Market Revenue and Volume Forecast, by Capacity (2020-2032)

11.5.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)

Chapter 12. Company Profiles

12.1. BAE Batteries GmbH

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Banner Batteries (GB) Ltd.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Ecovolta

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Exide Industries Ltd.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. GS Yuasa International Ltd.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. HOPPECKE Carl Zoellner & Sohn GmbH

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Inci Aku

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. INTILION GmbH

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Leoch International Technology Limited Inc

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Toshiba Corporation

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Why should you invest in this report?

If you are aiming to enter the global traction battery market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for traction battery are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2023-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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