According to the research report, the global traction battery market size is expected to touch USD 339.94 Billion by 2032, from USD 50.28 Billion in 2022, growing with a significant CAGR of 21% from 2023 to 2032.
The traction battery report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global traction battery in conjunction with the geographical landscape of this vertical have also been included in this report.
The report offers intricate dynamics about different aspects of the global traction battery market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global traction battery during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).
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Report Scope of the Traction Battery Market
| 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 |
This study covers a detailed segmentation of the global traction battery market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global traction battery market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.
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 Segmentation
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
Research Methodology
The research methodology adopted by analysts for compiling the global traction battery report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global traction battery market.
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
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