Global Vehicle Traction and Auxiliary Battery Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Vehicle Traction and Auxiliary Battery Market is presumed to reach the market size of nearly USD 419.16 BN by 2032 from USD 117.03 BN in 2023 with a CAGR of 15.23% under the study period 2024 - 2032.

Vehicle traction and auxiliary batteries are secondary power sources installed in hybrid and electric vehicles to support traction motors and auxiliary systems such as lights, heating, and air conditioning. These batteries provide additional energy storage capacity, enhancing vehicle performance, efficiency, and range. They play a crucial role in hybrid and electric vehicle propulsion systems, enabling sustainable transportation solutions with reduced emissions and dependency on fossil fuels.

MARKET DYNAMICS

Increasing adoption of electric vehicles (EVs), hybrid vehicles, and electrified powertrains in the automotive industry has fueled the demand for high-performance traction batteries capable of providing efficient energy storage and power delivery for electric propulsion systems. Traction batteries play a critical role in powering electric motors, extending driving range, and reducing emissions, driving their adoption across passenger cars, commercial vehicles, and public transportation fleets. Moreover, the increasing emphasis on sustainability, energy efficiency, and regulatory compliance has spurred investment in cutting-edge battery technologies, such as solid-state batteries, lithium-ion batteries, and advanced lead-acid batteries, to meet the performance and durability requirements of electric and hybrid vehicles, stimulating innovation and product development in the traction battery market. Moreover, the increasing electrification of auxiliary systems and onboard electronics in modern vehicles, including power steering, air conditioning, infotainment systems, and advanced driver-assistance systems (ADAS), has created additional demand for auxiliary batteries that provide reliable backup power and support the growing electrical load requirements of vehicle subsystems, further driving market growth.

Furthermore, the expanding market for electric commercial vehicles, such as electric buses, trucks, and delivery vans, driven by urbanization, air quality regulations, and fleet electrification initiatives, is expected to propel significant demand for high-capacity traction and auxiliary batteries tailored to the unique requirements of commercial vehicle applications, driving market expansion. Moreover, the increasing investment in charging infrastructure, battery recycling, and energy storage solutions, coupled with government incentives and subsidies for electric vehicle adoption, is expected to accelerate market growth further and fuel the widespread adoption of vehicle traction and auxiliary batteries in the automotive industry. However, advancements in battery technology, changes in consumer preferences, and competition from alternative energy storage solutions are predicted to hamper market growth.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of vehicle traction and auxiliary battery. The growth and trends of vehicle traction and auxiliary battery industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the vehicle traction and auxiliary battery market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Battery Type

Lithium-Ion (Li-Ion) Battery
Lead-Acid Battery
Nickel-Metal Hydride (Nimh) Battery
Others (Including Solid-State Batteries, Etc.)

By Vehicle Type

Passenger Cars
Commercial Vehicles (Including Trucks, Buses, Vans, Etc.)
Electric Bicycles
Electric Scooters
Others (Including Electric Motorcycles, Golf Carts, Etc.)

By Sales Channel

OEM
Aftermarket

By Battery Capacity

Less Than 5 Ah
6 Ah To 15 Ah
16 Ah To 25 Ah
More Than 25 Ah

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Vehicle Traction and Auxiliary Battery market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Vehicle Traction and Auxiliary Battery market include Panasonic Corporation, LG Chem Ltd., Samsung SDI Co. Ltd., BYD Company Limited, Tesla, Inc., Johnson Controls International plc, Exide Technologies, East Penn Manufacturing Company, GS Yuasa Corporation, Contemporary Amperex Technology Co. Limited (CATL). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR112114126

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . VEHICLE TRACTION AND AUXILIARY BATTERY - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Battery Type
- 3.7.2 Market Attractiveness Analysis By Vehicle Type
- 3.7.3 Market Attractiveness Analysis By Sales Channel
- 3.7.4 Market Attractiveness Analysis By Battery Capacity
- 3.7.5 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL VEHICLE TRACTION AND AUXILIARY BATTERY MARKET ANALYSIS BY BATTERY TYPE

5.1 Overview by Battery Type
5.2 Historical and Forecast Data
5.3 Analysis by Battery Type
5.4 Lithium-ion (Li-ion) Battery Historic and Forecast Sales by Regions
5.5 Lead-acid Battery Historic and Forecast Sales by Regions
5.6 Nickel-Metal Hydride (NiMH) Battery Historic and Forecast Sales by Regions
5.7 Others (including Solid-state Batteries, etc.) Historic and Forecast Sales by Regions

6 . GLOBAL VEHICLE TRACTION AND AUXILIARY BATTERY MARKET ANALYSIS BY VEHICLE TYPE

6.1 Overview by Vehicle Type
6.2 Historical and Forecast Data
6.3 Analysis by Vehicle Type
6.4 Passenger Cars Historic and Forecast Sales by Regions
6.5 Commercial Vehicles (including Trucks, Buses, Vans, etc.) Historic and Forecast Sales by Regions
6.6 Electric Bicycles Historic and Forecast Sales by Regions
6.7 Electric Scooters Historic and Forecast Sales by Regions
6.8 Others (including Electric Motorcycles, Golf Carts, etc.) Historic and Forecast Sales by Regions

7 . GLOBAL VEHICLE TRACTION AND AUXILIARY BATTERY MARKET ANALYSIS BY SALES CHANNEL

7.1 Overview by Sales Channel
7.2 Historical and Forecast Data
7.3 Analysis by Sales Channel
7.4 OEM Historic and Forecast Sales by Regions
7.5 Aftermarket Historic and Forecast Sales by Regions

8 . GLOBAL VEHICLE TRACTION AND AUXILIARY BATTERY MARKET ANALYSIS BY BATTERY CAPACITY

8.1 Overview by Battery Capacity
8.2 Historical and Forecast Data
8.3 Analysis by Battery Capacity
8.4 Less than 5 Ah Historic and Forecast Sales by Regions
8.5 6 Ah to 15 Ah Historic and Forecast Sales by Regions
8.6 16 Ah to 25 Ah Historic and Forecast Sales by Regions
8.7 More than 25 Ah Historic and Forecast Sales by Regions

9 . GLOBAL VEHICLE TRACTION AND AUXILIARY BATTERY MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
- 9.3.1. Overview, Historic and Forecast Data Sales Analysis
- 9.3.2. North America By Segment Sales Analysis
- 9.3.3. North America By Country Sales Analysis
- 9.3.4. United State Sales Analysis
- 9.3.5. Canada Sales Analysis
- 9.3.6. Mexico Sales Analysis
9.4. Europe Sales Analysis
- 9.4.1. Overview, Historic and Forecast Data Sales Analysis
- 9.4.2. Europe by Segment Sales Analysis
- 9.4.3. Europe by Country Sales Analysis
- 9.4.4. United Kingdom Sales Analysis
- 9.4.5. France Sales Analysis
- 9.4.6. Germany Sales Analysis
- 9.4.7. Italy Sales Analysis
- 9.4.8. Russia Sales Analysis
- 9.4.9. Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
- 9.5.1. Overview, Historic and Forecast Data Sales Analysis
- 9.5.2. Asia Pacific by Segment Sales Analysis
- 9.5.3. Asia Pacific by Country Sales Analysis
- 9.5.4. China Sales Analysis
- 9.5.5. India Sales Analysis
- 9.5.6. Japan Sales Analysis
- 9.5.7. South Korea Sales Analysis
- 9.5.8. Australia Sales Analysis
- 9.5.9. South East Asia Sales Analysis
- 9.5.10. Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
- 9.6.1. Overview, Historic and Forecast Data Sales Analysis
- 9.6.2. Latin America by Segment Sales Analysis
- 9.6.3. Latin America by Country Sales Analysis
- 9.6.4. Brazil Sales Analysis
- 9.6.5. Argentina Sales Analysis
- 9.6.6. Peru Sales Analysis
- 9.6.7. Chile Sales Analysis
- 9.6.8. Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
- 9.7.1. Overview, Historic and Forecast Data Sales Analysis
- 9.7.2. Middle East & Africa by Segment Sales Analysis
- 9.7.3. Middle East & Africa by Country Sales Analysis
- 9.7.4. Saudi Arabia Sales Analysis
- 9.7.5. UAE Sales Analysis
- 9.7.6. Israel Sales Analysis
- 9.7.7. South Africa Sales Analysis
- 9.7.8. Rest Of Middle East And Africa Sales Analysis

10 . COMPETITIVE LANDSCAPE OF THE VEHICLE TRACTION AND AUXILIARY BATTERY COMPANIES

10.1. Vehicle Traction And Auxiliary Battery Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11 . COMPANY PROFILES OF VEHICLE TRACTION AND AUXILIARY BATTERY INDUSTRY

11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Panasonic Corporation
- 11.3.1. Company Overview
- 11.3.2. Company Revenue
- 11.3.3. Products
- 11.3.4. Recent Developments
11.4. LG Chem Ltd.
- 11.4.1. Company Overview
- 11.4.2. Company Revenue
- 11.4.3. Products
- 11.4.4. Recent Developments
11.5. Samsung SDI Co. Ltd.
- 11.5.1. Company Overview
- 11.5.2. Company Revenue
- 11.5.3. Products
- 11.5.4. Recent Developments
11.6. BYD Company Limited
- 11.6.1. Company Overview
- 11.6.2. Company Revenue
- 11.6.3. Products
- 11.6.4. Recent Developments
11.7. Tesla Inc.
- 11.7.1. Company Overview
- 11.7.2. Company Revenue
- 11.7.3. Products
- 11.7.4. Recent Developments
11.8. Johnson Controls International plc
- 11.8.1. Company Overview
- 11.8.2. Company Revenue
- 11.8.3. Products
- 11.8.4. Recent Developments
11.9. Exide Technologies
- 11.9.1. Company Overview
- 11.9.2. Company Revenue
- 11.9.3. Products
- 11.9.4. Recent Developments
11.10. East Penn Manufacturing Company
- 11.10.1. Company Overview
- 11.10.2. Company Revenue
- 11.10.3. Products
- 11.10.4. Recent Developments
11.11. GS Yuasa Corporation
- 11.11.1. Company Overview
- 11.11.2. Company Revenue
- 11.11.3. Products
- 11.11.4. Recent Developments
11.12. Contemporary Amperex Technology Co. Limited (CATL)
- 11.12.1. Company Overview
- 11.12.2. Company Revenue
- 11.12.3. Products
- 11.12.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies