PUBLISHER: TechNavio | PRODUCT CODE: 1581878
PUBLISHER: TechNavio | PRODUCT CODE: 1581878
Automotive Li-Ion Battery Market 2024-2028
The automotive li-ion battery market is forecasted to grow by USD 56 mn during 2023-2028, accelerating at a CAGR of 33.7% during the forecast period. The report on the automotive li-ion battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by favorable government policies boosting automotive li-ion battery market, preference for li-ion batteries over lead-acid and nickel-metal hydride batteries, and increasing number of partnerships and collaborations in global automotive li-ion battery market.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 27.5% |
CAGR | 33.7% |
Incremental Value | $56 mn |
Technavio's automotive li-ion battery market is segmented as below:
By Vehicle Type
By Geographical Landscape
This study identifies the increase in global automotive li-ion battery production capacity as one of the prime reasons driving the automotive li-ion battery market growth during the next few years. Also, increasing focus on reduction of prices of li-ion batteries and growing consumer demand for bevs and phevs over conventional automobiles will lead to sizable demand in the market.
The report on the automotive li-ion battery market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive li-ion battery market vendors that include Brookfield Business Partners LP, BYD Co. Ltd., China Aviation Lithium Battery Technology Co. Ltd., Contemporary Amperex Technology Co. Ltd., GS Yuasa International Ltd., Hitachi Ltd., LG Chem Ltd., Panasonic Holdings Corp., Samsung SDI Co. Ltd., and Toshiba Corp.. Also, the automotive li-ion battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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