U.K. Electric Vehicle Battery Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

The U.K. electric vehicle (EV) battery market is projected to generate $5,222.5 million in revenue in 2024, with an anticipated compound annual growth rate (CAGR) of 14.2% from 2024 to 2030, reaching $11,602.8 million by 2030. This growth is driven by the increasing adoption of electric vehicles, advancements in battery technology, and supportive government policies aimed at reducing carbon emissions.

Key Insights

The passenger car category is expected to hold the largest market share, reflecting the significant adoption of electric passenger vehicles in the U.K.

England leads the market, attributed to its developed infrastructure and higher concentration of EV users.

Scotland is anticipated to exhibit the fastest growth, driven by increasing investments in EV infrastructure and supportive regional policies.

Advancements in solid-state battery technology are a key trend, offering higher energy density, faster charging times, and improved safety, thereby enhancing EV performance and consumer appeal.

The market is fragmented, with numerous players focusing on innovation and strategic partnerships to gain a competitive edge.

Government initiatives, such as the ban on new petrol and diesel car sales by 2030, are accelerating the transition to electric mobility, thereby boosting the demand for EV batteries.

The development of domestic battery manufacturing capabilities is gaining momentum, aiming to reduce dependency on imports and strengthen the local supply chain.

Investments in research and development are fostering innovation in battery materials and technologies, leading to cost reductions and performance improvements.

Product Code: 13150

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by battery
- 1.4.2. Market size breakdown, by shape
- 1.4.3. Market size breakdown, by capacity
- 1.4.4. Market size breakdown, by propulsion
- 1.4.5. Market size breakdown, by vehicle type
- 1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. U.K. Market

6.1. Overview
6.2. Market Volume, by Battery (2019-2030)
6.3. Market Revenue, by Battery (2019-2030)
6.4. Market Volume, by Shape (2019-2030)
6.5. Market Revenue, by Shape (2019-2030)
6.6. Market Volume, by Capacity (2019-2030)
6.7. Market Revenue, by Capacity (2019-2030)
6.8. Market Volume, by Propulsion (2019-2030)
6.9. Market Revenue, by Propulsion (2019-2030)
6.10. Market Volume, by Vehicle Type (2019-2030)
6.11. Market Revenue, by Vehicle Type (2019-2030)
6.12. Market Volume, by Country (2019-2030)
6.13. Market Revenue, by Country (2019-2030)

Chapter 7. Competitive Landscape

7.1. List of Market Players and their Offerings
7.2. Competitive Benchmarking of Key Players
7.3. Product Benchmarking of Key Players
7.4. Recent Strategic Developments

Chapter 8. Company Profiles

8.1. Panasonic Holdings Corporation
- 8.1.1. Business overview
- 8.1.2. Product and service offerings
- 8.1.3. Key financial summary
8.2. Ecobat LLC
- 8.2.1. Business overview
- 8.2.2. Product and service offerings
- 8.2.3. Key financial summary
8.3. NiTech Solutions Ltd.
- 8.3.1. Business overview
- 8.3.2. Product and service offerings
- 8.3.3. Key financial summary
8.4. Contemporary Amperex Technology Co.
- 8.4.1. Business overview
- 8.4.2. Product and service offerings
- 8.4.3. Key financial summary
8.5. LG Energy Solution Ltd.
- 8.5.1. Business overview
- 8.5.2. Product and service offerings
- 8.5.3. Key financial summary
8.6. BYD Company Ltd.
- 8.6.1. Business overview
- 8.6.2. Product and service offerings
- 8.6.3. Key financial summary
8.7. Tesla Inc.
- 8.7.1. Business overview
- 8.7.2. Product and service offerings
- 8.7.3. Key financial summary
8.8. Resonate Testing Limited
- 8.8.1. Business overview
- 8.8.2. Product and service offerings
- 8.8.3. Key financial summary
8.9. Volklec
- 8.9.1. Business overview
- 8.9.2. Product and service offerings
- 8.9.3. Key financial summary
8.10. Ilika Technologies Ltd.
- 8.10.1. Business overview
- 8.10.2. Product and service offerings
- 8.10.3. Key financial summary
8.11. Volkswagen AG
- 8.11.1. Business overview
- 8.11.2. Product and service offerings
- 8.11.3. Key financial summary
8.12. BMW AG
- 8.12.1. Business overview
- 8.12.2. Product and service offerings
- 8.12.3. Key financial summary

Chapter 9. Appendix

9.1. Abbreviations
9.2. Sources and References
9.3. Related Reports

U.K. Electric Vehicle Battery Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)