Global Automotive Battery Market Size Study, by Type, Drive (ICE, Electric Vehicle), Vehicle (Passenger Cars, Commercial Vehicles, Others), and Regional Forecasts 2022-2032

Description

The Global Automotive Battery Market was valued at approximately USD 69.11 billion in 2023 and is projected to expand at a CAGR of 6.4% from 2024 to 2032. The surging demand for electric vehicles (EVs), advancements in battery technologies, and government policies promoting sustainable energy adoption are driving significant growth in the industry. As automakers strive to enhance vehicle efficiency, reduce carbon emissions, and comply with stringent environmental regulations, the demand for high-performance batteries is escalating. Additionally, the rapid electrification of public and private transport fleets, coupled with breakthroughs in lithium-ion and solid-state battery technologies, is revolutionizing the automotive battery landscape.

The increasing production and adoption of electric vehicles (EVs) worldwide are reshaping the dynamics of the automotive battery market. With leading automakers investing billions in battery research and the expansion of EV manufacturing facilities, the industry is experiencing unprecedented growth. The market is also benefiting from innovations in fast-charging solutions, battery recycling, and second-life applications, which are crucial for enhancing battery efficiency and sustainability. However, challenges such as high battery production costs, supply chain disruptions, and concerns regarding raw material availability (especially lithium, cobalt, and nickel) could hinder market expansion in the long run.

The rise of next-generation batteries, including solid-state, graphene-based, and sodium-ion batteries, is anticipated to provide lucrative growth opportunities. The demand for higher energy density, longer lifespan, and improved thermal management is prompting battery manufacturers to innovate and optimize production processes. Furthermore, government incentives, subsidies, and tax credits for electric vehicle buyers and battery manufacturers are fostering growth, particularly in developed economies.

North America is poised to remain a dominant force in the automotive battery market, fueled by strong EV sales, regulatory mandates on fuel efficiency, and heavy investments in battery manufacturing infrastructure. Meanwhile, Europe is witnessing rapid expansion due to stringent CO2 emission regulations, ambitious electrification goals, and strategic investments in gigafactories by companies such as Northvolt and CATL. The Asia-Pacific region is expected to be the fastest-growing market, driven by China's dominance in battery production, India's EV push, and the region's well-established supply chain for lithium-ion batteries. Government-backed initiatives such as China's New Energy Vehicle (NEV) policy and India's Faster Adoption and Manufacturing of Electric Vehicles (FAME) program are further propelling market growth in the region.

Major Market Players Included in This Report:

Panasonic Corporation
LG Energy Solution
Contemporary Amperex Technology Co., Ltd. (CATL)
Samsung SDI Co., Ltd.
BYD Company Ltd.
Tesla, Inc.
Johnson Controls International PLC
GS Yuasa Corporation
A123 Systems LLC
Exide Technologies
Clarios
East Penn Manufacturing Co.
Amara Raja Batteries Ltd.
Hitachi Chemical Co., Ltd.
Northvolt AB

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Type:

Lithium-Ion Batteries
Lead-Acid Batteries
Nickel-Metal Hydride Batteries
Solid-State Batteries

By Drive:

Internal Combustion Engine (ICE) Vehicles
Electric Vehicles (EVs)

By Vehicle:

Passenger Cars
Commercial Vehicles
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe (RoE)

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific (RoAPAC)

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa (RoMEA)

Years Considered for the Study:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecasts spanning 10 years (2022-2032)
Annual revenue insights at both global and regional levels
Competitive landscape analysis with key market players and business strategies
Comprehensive geographical analysis with country-specific insights
Future market trends and opportunities for stakeholders
Comprehensive demand-side and supply-side market dynamics analysis

Chapter 1. Global Automotive Battery Market Executive Summary

1.1. Global Automotive Battery Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
  - 1.3.1.1. Lithium-Ion Batteries
  - 1.3.1.2. Lead-Acid Batteries
  - 1.3.1.3. Nickel-Metal Hydride Batteries
  - 1.3.1.4. Solid-State Batteries
- 1.3.2. By Drive
  - 1.3.2.1. Internal Combustion Engine (ICE) Vehicles
  - 1.3.2.2. Electric Vehicles (EVs)
- 1.3.3. By Vehicle
  - 1.3.3.1. Passenger Cars
  - 1.3.3.2. Commercial Vehicles
  - 1.3.3.3. Others
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Battery Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Battery Market Dynamics

3.1. Market Drivers
- 3.1.1. Surge in Electric Vehicle Adoption
- 3.1.2. Advancements in Battery Technology
- 3.1.3. Government Policies and Incentives
3.2. Market Challenges
- 3.2.1. High Production Costs
- 3.2.2. Supply Chain Disruptions and Raw Material Availability
3.3. Market Opportunities
- 3.3.1. Development of Next-Generation Batteries
- 3.3.2. Expansion into Emerging Markets
- 3.3.3. Innovations in Battery Recycling and Second-Life Applications

Chapter 4. Global Automotive Battery Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Battery Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Battery Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Lithium-Ion Batteries
- 5.2.2. Lead-Acid Batteries
- 5.2.3. Nickel-Metal Hydride Batteries
- 5.2.4. Solid-State Batteries

Chapter 6. Global Automotive Battery Market Size & Forecasts by Drive 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Battery Market: Drive Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Internal Combustion Engine (ICE) Vehicles
- 6.2.2. Electric Vehicles (EVs)

Chapter 7. Global Automotive Battery Market Size & Forecasts by Vehicle 2022-2032

7.1. Segment Dashboard
7.2. Global Automotive Battery Market: Vehicle Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Passenger Cars
- 7.2.2. Commercial Vehicles
- 7.2.3. Others

Chapter 8. Global Automotive Battery Market Size & Forecasts by Region 2022-2032

8.1. North America Automotive Battery Market
- 8.1.1. U.S. Automotive Battery Market
  - 8.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Drive Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.3. Vehicle Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Automotive Battery Market
8.2. Europe Automotive Battery Market
- 8.2.1. UK Automotive Battery Market
- 8.2.2. Germany Automotive Battery Market
- 8.2.3. France Automotive Battery Market
- 8.2.4. Spain Automotive Battery Market
- 8.2.5. Italy Automotive Battery Market
- 8.2.6. Rest of Europe Automotive Battery Market
8.3. Asia-Pacific Automotive Battery Market
- 8.3.1. China Automotive Battery Market
- 8.3.2. India Automotive Battery Market
- 8.3.3. Japan Automotive Battery Market
- 8.3.4. Australia Automotive Battery Market
- 8.3.5. South Korea Automotive Battery Market
- 8.3.6. Rest of Asia Pacific Automotive Battery Market
8.4. Latin America Automotive Battery Market
- 8.4.1. Brazil Automotive Battery Market
- 8.4.2. Mexico Automotive Battery Market
- 8.4.3. Rest of Latin America Automotive Battery Market
8.5. Middle East & Africa Automotive Battery Market
- 8.5.1. Saudi Arabia Automotive Battery Market
- 8.5.2. South Africa Automotive Battery Market
- 8.5.3. Rest of Middle East & Africa Automotive Battery Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Panasonic Corporation
- 9.1.2. LG Energy Solution
- 9.1.3. Contemporary Amperex Technology Co., Ltd. (CATL)
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Panasonic Corporation
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. LG Energy Solution
- 9.3.3. Contemporary Amperex Technology Co., Ltd. (CATL)
- 9.3.4. Samsung SDI Co., Ltd.
- 9.3.5. BYD Company Ltd.
- 9.3.6. Tesla, Inc.
- 9.3.7. Johnson Controls International PLC
- 9.3.8. GS Yuasa Corporation
- 9.3.9. A123 Systems LLC
- 9.3.10. Exide Technologies
- 9.3.11. Clarios
- 9.3.12. East Penn Manufacturing Co.
- 9.3.13. Amara Raja Batteries Ltd.
- 9.3.14. Hitachi Chemical Co., Ltd.
- 9.3.15. Northvolt AB

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes