Automotive Lithium Ion Battery Pack Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global Automotive Lithium-Ion Battery Pack Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Automotive Lithium-Ion Battery Pack Market Size (2024E): US$ 60.2 Bn
Projected Market Value (2031F): US$ 189.6 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 17.8%

Automotive Lithium-Ion Battery Pack Market - Report Scope:

The Automotive Lithium-Ion Battery Pack Market encompasses battery packs that serve as critical components for hybrid and electric vehicles. These batteries are increasingly preferred over traditional Nickel-Cadmium (NiCad) batteries due to their superior energy efficiency, reduced self-discharge rates, and environment-friendly characteristics. Market growth is fueled by the rising adoption of electric vehicles (EVs), government initiatives promoting clean energy, and ongoing innovations in battery technology to reduce costs and enhance performance.

Market Drivers:

Several factors are fueling the growth of the global automotive lithium-ion battery pack market. A key driver is the shift from traditional nickel-cadmium (NiCad) batteries to lithium-ion batteries, as manufacturers prioritize energy efficiency and address self-discharging limitations of older battery types. Additionally, a strong focus on cost reduction is pushing manufacturers to lower battery prices, enhancing vehicle economies and making electric vehicles (EVs) more affordable. Government initiatives promoting sustainable energy solutions, such as hybrid and plug-in hybrid vehicles, are further bolstering market growth by aiming to reduce pollution levels. Moreover, innovative approaches to repurposing EV batteries are creating new opportunities and boosting the demand for lithium-ion battery packs.

Market Restraints:

Despite strong growth drivers, the automotive lithium-ion battery pack market encounters notable challenges. One significant issue is battery decay under high-temperature conditions, which can degrade performance and reduce the lifespan of lithium-ion batteries. Additionally, the high production costs associated with manufacturing these batteries create hurdles, particularly for manufacturers operating within tight budgets.

Market Opportunities:

The automotive lithium-ion battery pack market presents promising growth opportunities driven by technological advancements and strategic collaborations. The development of next-generation high-output batteries, such as prismatic cell batteries and solid-state batteries, is opening new avenues for market expansion by enhancing energy efficiency and performance. Additionally, partnerships between automotive and electronic manufacturers, exemplified by the collaboration between Toyota and Panasonic, are fostering innovation and accelerating market growth through the creation of more effective and sustainable battery solutions.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the automotive lithium-ion battery pack market?
Which regions and market segments are experiencing the highest demand?
How are government initiatives influencing market trends?
Who are the leading players in the market, and what strategies are they employing?
What are the emerging trends and challenges shaping the future of the automotive lithium-ion battery pack market?

Competitive Intelligence and Business Strategy:

Leading companies in the global automotive lithium-ion battery pack market are focusing on innovation and strategic collaborations to maintain a competitive edge. Companies like Toyota and Panasonic are investing heavily in the development of advanced battery technologies, including solid-state batteries, to improve energy efficiency and reliability.

Collaborations between automotive giants and battery manufacturers are pivotal in meeting the rising demand for EVs. Companies are also prioritizing cost reduction and sustainability to align with global trends in clean energy adoption.

Key Companies Profiled:

CBAK Energy Technology, Inc
Panasonic Corporation
BYD Company Limited
GS Yuasa Corporation
LG Chem Ltd.
Samsung SDI Co., Ltd.
Tesla Motors, Inc.
Hitachi Chemical Company, Ltd.
Saft Groupe SA
Wanxiang Group Corporation
Others.

Automotive Lithium-Ion Battery Pack Market Segmentation:

By Vehicle Technology:

Hybrid Electric Vehicle (HEV)
Plug-in-Hybrid Vehicles (PHEV)
Full Battery Electric Vehicle (BEV)

By Battery Capacity:

Less than 20 KWH
21-40
more than 41

By Vehicle Type:

Passenger Car
LCV
HCV
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Product Code: PMRREP20797

1. Global Economic Outlook

2. Global Automotive Lithium Ion Battery Pack Market - Executive Summary

3. Global Automotive Lithium Ion Battery Pack Market Overview

3.1. Introduction
- 3.1.1. Global Automotive Lithium Ion Battery Pack Market Taxonomy
- 3.1.2. Global Automotive Lithium Ion Battery Pack Market Definition
3.2. Global Automotive Lithium Ion Battery Pack Market Size (US$ Bn) and Forecast, 2024-2031
- 3.2.1. Global Automotive Lithium Ion Battery Pack Market Y-o-Y Growth
3.3. Global Automotive Lithium Ion Battery Pack Market Dynamics
3.4. Worldwide Battery Market
3.5. Automotive Lithium Ion Battery Installed Manufacturing Capacity
3.6. Lithium Ion Battery Pack Cost Breakdown
3.7. Lithium Ion Battery Cost Comparison
3.8. Comparison: Lithium Battery v/s Other batteries
3.9. Automotive Lithium Ion Battery Pack: Application Mapping
3.10. Electric Vehicles Forecast Demand: Regional Mapping
3.11. EV & PHEV Demand Forecast
3.12. Demand v/s Production Capacity
3.13. Electric Vehicle Prominent Players Key Strategy
3.14. Prominent Lithium Ion Battery Manufacturer Strategy
3.15. Lithium Ion Battery Market: Key Players Investments
3.16. PESTLE Analysis
3.17. PLC Analysis
3.18. Pricing Analysis
3.19. Supply Chain
3.20. List of suppliers
3.21. Automotive Battery Pack Sales Volume of Manufacturers
3.22. Key Participants Market Presence (Intensity Map) By Region

4. Global Automotive Lithium Ion Battery Pack Market Analysis and Forecast 2024-2031

4.1. Global Automotive Lithium Ion Battery Pack Market Size and Forecast By Battery Capacity, 2024-2031
- 4.1.1. Less than 20 KWH Market Size and Forecast, 2024-2031
  - 4.1.1.1. Revenue (US$ Bn) Comparison, By Region
  - 4.1.1.2. Market Share Comparison, By Region
  - 4.1.1.3. Y-o-Y growth Comparison, By Region
- 4.1.2. 21-40 Market Size and Forecast, 2024-2031
  - 4.1.2.1. Revenue (US$ Bn) Comparison, By Region
  - 4.1.2.2. Market Share Comparison, By Region
  - 4.1.2.3. Y-o-Y growth Comparison, By Region
- 4.1.3. more than 41 Market Size and Forecast, 2024-2031
  - 4.1.3.1. Revenue (US$ Bn) Comparison, By Region
  - 4.1.3.2. Market Share Comparison, By Region
  - 4.1.3.3. Y-o-Y growth Comparison, By Region
4.2. Global Automotive Lithium Ion Battery Pack Market Size and Forecast By Vehicle, 2024-2031
- 4.2.1. Hybrid Electric Vehicle (HEV) Market Size and Forecast, 2024-2031
  - 4.2.1.1. Revenue (US$ Bn) Comparison, By Region
  - 4.2.1.2. Market Share Comparison, By Region
  - 4.2.1.3. Y-o-Y growth Comparison, By Region
- 4.2.2. Plug-in-Hybrid Vehicles (PHEV) Market Size and Forecast, 2024-2031
  - 4.2.2.1. Revenue (US$ Bn) Comparison, By Region
  - 4.2.2.2. Market Share Comparison, By Region
  - 4.2.2.3. Y-o-Y growth Comparison, By Region
- 4.2.3. Full Battery Electric Vehicle (BEV) Market Size and Forecast, 2024-2031
  - 4.2.3.1. Revenue (US$ Bn) Comparison, By Region
  - 4.2.3.2. Market Share Comparison, By Region
  - 4.2.3.3. Y-o-Y growth Comparison, By Region
4.3. Global Automotive Lithium Ion Battery Pack Market Size and Forecast By Vehicle Type, 2024-2031
- 4.3.1. Passenger Car Market Size and Forecast, 2024-2031
  - 4.3.1.1. Revenue (US$ Bn) Comparison, By Region
  - 4.3.1.2. Market Share Comparison, By Region
  - 4.3.1.3. Y-o-Y growth Comparison, By Region
- 4.3.2. LCV Market Size and Forecast, 2024-2031
  - 4.3.2.1. Revenue (US$ Bn) Comparison, By Region
  - 4.3.2.2. Market Share Comparison, By Region
  - 4.3.2.3. Y-o-Y growth Comparison, By Region
- 4.3.3. HCV Market Size and Forecast, 2024-2031
  - 4.3.3.1. Revenue (US$ Bn) Comparison, By Region
  - 4.3.3.2. Market Share Comparison, By Region
  - 4.3.3.3. Y-o-Y growth Comparison, By Region
- 4.3.4. Others Market Size and Forecast, 2024-2031
  - 4.3.4.1. Revenue (US$ Bn) Comparison, By Region
  - 4.3.4.2. Market Share Comparison, By Region
  - 4.3.4.3. Y-o-Y growth Comparison, By Region

5. North America Automotive Lithium Ion Battery Pack Market Size and Forecast, 2024-2031

5.1. North America Outlook
5.2. North America Parent Market Outlook
5.3. North America Target Market Outlook
5.4. Revenue (US$ Bn) Comparison, By Country
- 5.4.1. US Market Size and Forecast (US$ Bn), 2024-2031
- 5.4.2. Canada Market Size and Forecast (US$ Bn), 2024-2031
5.5. Revenue (US$ Bn) Comparison, By Battery Capacity
5.6. Revenue (US$ Bn) Comparison, By Vehicle
5.7. Revenue (US$ Bn) Comparison, By Vehicle Type

6. Latin America Automotive Lithium Ion Battery Pack Market Size and Forecast, 2024-2031

6.1. Latin America Outlook
6.2. Latin America Parent Market Outlook
6.3. Latin America Target Market Outlook
6.4. Revenue (US$ Bn) Comparison, By Country
- 6.4.1. Brazil Market Size and Forecast (US$ Bn), 2024-2031
- 6.4.2. Mexico Market Size and Forecast (US$ Bn), 2024-2031
- 6.4.3. Rest of Latin America Market Size and Forecast (US$ Bn), 2024-2031
6.5. Revenue (US$ Bn) Comparison, By Battery Capacity
6.6. Revenue (US$ Bn) Comparison, By Vehicle
6.7. Revenue (US$ Bn) Comparison, By Vehicle Type

7. Europe Automotive Lithium Ion Battery Pack Market Size and Forecast, 2024-2031

7.1. Europe Outlook
7.2. Europe Parent Market Outlook
7.3. Europe Target Market Outlook
7.4. Revenue (US$ Bn) Comparison, By Country
- 7.4.1. Germany Market Size and Forecast (US$ Bn), 2024-2031
- 7.4.2. France Market Size and Forecast (US$ Bn), 2024-2031
- 7.4.3. Italy Market Size and Forecast (US$ Bn), 2024-2031
- 7.4.4. Spain Market Size and Forecast (US$ Bn), 2024-2031
- 7.4.5. UK Market Size and Forecast (US$ Bn), 2024-2031
- 7.4.6. Rest of Europe Market Size and Forecast (US$ Bn), 2024-2031
7.5. Revenue (US$ Bn) Comparison, By Battery Capacity
7.6. Revenue (US$ Bn) Comparison, By Vehicle
7.7. Revenue (US$ Bn) Comparison, By Vehicle Type

8. Japan Automotive Lithium Ion Battery Pack Market Size and Forecast, 2024-2031

8.1. Japan Outlook
8.2. Japan Parent Market Outlook
8.3. Japan Target Market Outlook
8.4. Revenue (US$ Bn) Comparison, By Country
- 8.4.1. Japan Market Size and Forecast (US$ Bn), 2024-2031
8.5. Revenue (US$ Bn) Comparison, By Battery Capacity
8.6. Revenue (US$ Bn) Comparison, By Vehicle
8.7. Revenue (US$ Bn) Comparison, By Vehicle Type

9. APEJ Automotive Lithium Ion Battery Pack Market Size and Forecast, 2024-2031

9.1. APEJ Outlook
9.2. APEJ Parent Market Outlook
9.3. APEJ Target Market Outlook
9.4. Revenue (US$ Bn) Comparison, By Country
- 9.4.1. China Market Size and Forecast (US$ Bn), 2024-2031
- 9.4.2. India Market Size and Forecast (US$ Bn), 2024-2031
- 9.4.3. ASEAN Market Size and Forecast (US$ Bn), 2024-2031
- 9.4.4. ANZ Market Size and Forecast (US$ Bn), 2024-2031
- 9.4.5. Rest of APEJ Market Size and Forecast (US$ Bn), 2024-2031
9.5. Revenue (US$ Bn) Comparison, By Battery Capacity
9.6. Revenue (US$ Bn) Comparison, By Vehicle
9.7. Revenue (US$ Bn) Comparison, By Vehicle Type

10. MEA Automotive Lithium Ion Battery Pack Market Size and Forecast, 2024-2031

10.1. MEA Outlook
10.2. MEA Parent Market Outlook
10.3. MEA Target Market Outlook
10.4. Revenue (US$ Bn) Comparison, By Country
- 10.4.1. GCC Market Size and Forecast (US$ Bn), 2024-2031
- 10.4.2. South Africa Market Size and Forecast (US$ Bn), 2024-2031
- 10.4.3. Rest of MEA Market Size and Forecast (US$ Bn), 2024-2031
10.5. Revenue (US$ Bn) Comparison, By Battery Capacity
10.6. Revenue (US$ Bn) Comparison, By Vehicle
10.7. Revenue (US$ Bn) Comparison, By Vehicle Type

11. Global Automotive Lithium Ion Battery Pack Market Company Share, Competition Landscape and Company Profiles

11.1. Company Share Analysis
11.2. Competition Landscape
11.3. Company Profiles
- 11.3.1. CBAK Energy Technology, Inc
- 11.3.2. Panasonic Corporation
- 11.3.3. BYD Company Limited
- 11.3.4. GS Yuasa Corporation
- 11.3.5. LG Chem Ltd.
- 11.3.6. Samsung SDI Co., Ltd.
- 11.3.7. Tesla Motors, Inc.
- 11.3.8. Hitachi Chemical Company, Ltd.
- 11.3.9. Saft Groupe SA
- 11.3.10. Wanxiang Group Corporation