세계의 자동차 배터리 시장 전망(-2030년) : 배터리 유형별, 재료 유형별, 차량 유형별, 배터리용량별, 용도별, 판매 채널별, 지역별 분석

According to Stratistics MRC, the Global Automotive Battery Market is accounted for $71.3 billion in 2024 and is expected to reach $111.9 billion by 2030 growing at a CAGR of 7.8% during the forecast period. An automotive battery is a rechargeable power source that supplies electrical energy to a vehicle, primarily to start the engine and power electrical components such as lights, entertainment systems, and sensors. It typically consists of lead-acid or lithium-ion cells and functions by converting stored chemical energy into electrical energy. In electric vehicles (EVs) and hybrids, automotive batteries are also responsible for driving the electric motor. They play a crucial role in vehicle performance and energy efficiency.

According to the International Energy Agency's (IEA) Global EV Outlook 2024, in 2023, battery demand in the United States reached around 100 GWh, compared to 185 GWh in Europe and 415 GWh in China.

Market Dynamics:

Driver:

Increasing adoption of electric vehicles

The increasing adoption of electric vehicles is a major driver for the automotive battery market. As global environmental concerns grow and governments implement stricter emission regulations, consumers are shifting towards electric vehicles. This trend is fueling demand for high-performance automotive batteries, particularly lithium-ion batteries. The exponential rise in EV sales, with global demand for automotive Li-ion batteries increasing by 65% from 330 GWh in 2021 to 550 GWh in 2022, demonstrates the significant impact of EV adoption on the market.

Restraint:

Raw material shortages

The limited availability and fluctuating prices of key materials such as lithium, cobalt, and nickel can impact battery production and costs. These shortages can lead to supply chain disruptions and increased manufacturing expenses, potentially slowing market growth. Additionally, geopolitical tensions and trade restrictions may further exacerbate raw material supply issues, creating challenges for battery manufacturers in meeting the growing demand for automotive batteries.

Opportunity:

Growing demand for hybrid vehicles

Hybrid vehicles, which combine internal combustion engines with electric propulsion systems, require advanced battery technologies to optimize performance and fuel efficiency. As consumers seek more environmentally friendly transportation options without fully committing to all-electric vehicles, the demand for hybrid vehicles is increasing. This trend creates opportunities for battery manufacturers to develop and supply specialized batteries tailored to the unique requirements of hybrid powertrains.

Threat:

Regulatory uncertainty

Regulatory uncertainty poses a threat to the automotive battery market. Changing government policies, emission standards, and incentive programs for electric vehicles can significantly impact market dynamics. Inconsistent or unpredictable regulations across different regions may create challenges for battery manufacturers in terms of product development, compliance, and market strategies. Additionally, shifts in government support for certain battery technologies or electric vehicle initiatives could potentially disrupt established market trends and investment plans, creating uncertainty for industry players.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted the automotive battery market, causing supply chain issues and reduced vehicle production. However, it also accelerated the shift towards electric vehicles as part of economic recovery plans. The pandemic highlighted the importance of sustainable transportation, ultimately boosting long-term growth prospects for the automotive battery market, particularly in the electric vehicle segment.

The electric propulsion segment is expected to be the largest during the forecast period

Over the forecasted timeframe, the electric propulsion segment is anticipated to dominate the market share. This dominance is driven by the rapid growth of the electric vehicle market, which requires high-performance batteries. The increasing focus on reducing carbon emissions and government incentives for EV adoption are fueling the demand for electric propulsion systems. Additionally, advancements in battery technology, particularly in lithium-ion batteries, are enhancing the performance and range of electric vehicles, further solidifying the segment's market leadership.

The electric vehicles segment is expected to have the highest CAGR during the forecast period

During the projection period, the electric vehicles segment is expected to grow at the highest CAGR. This rapid growth is attributed to increasing environmental awareness, government regulations promoting zero-emission vehicles, and advancements in battery technology. The dropping prices of lithium-ion batteries and expanding charging infrastructure are making electric vehicles more accessible to consumers. Moreover, major automotive manufacturers are investing heavily in EV development, further accelerating market growth.

Region with largest share:

During the estimation period, the Asia Pacific region is expected to capture the largest market share. This dominance is primarily driven by China's massive EV market and supportive government policies across the region. Countries like Japan, South Korea, and India are also rapidly expanding their EV production and adoption. The high population density, urbanization, and increasing environmental awareness in Asia Pacific contribute to the strong demand for electric vehicles and automotive batteries. Significant investments from both the public and private sectors in battery manufacturing and EV infrastructure further solidify the region's leading position in the market.

Region with highest CAGR:

The Asia Pacific region is projected to achieve the highest CAGR during the forecast period. This rapid growth is fueled by aggressive government targets for EV adoption, substantial investments in battery technology, and the presence of major automotive and battery manufacturers in the region. Countries like China are setting ambitious goals for expanding their EV market, while emerging economies such as India and Southeast Asian nations are ramping up their efforts to electrify transportation. The region's fast-paced technological advancements and increasing urbanization are expected to drive continued high growth in the automotive battery market.

Key players in the market

Some of the key players in Automotive Battery Market include CATL, LG Energy Solution, Panasonic Corporation, Samsung SDI, BYD Company Ltd., SK Innovation, Johnson Controls Power Solutions, Exide Technologies, GS Yuasa International Ltd., East Penn Manufacturing Company, Clarios, A123 Systems, Toshiba Corporation, Hitachi Chemical Co., Ltd., SVOLT Energy Technology, Northvolt, EVE Energy Co., Ltd., and Gotion High-Tech Co., Ltd.

Key Developments:

In September 2024, The Chinese Company CATL, currently the world's largest battery manufacturer, will participate in IAA 2024, Hannover, holding a press conference and talking about the new products to be added to their portfolio. The Chinese battery giant is highly focused on the European heavy-duty electric vehicles market, with the target to supply battery packs capable to provide trucks and buses with the longest possible range.

In August 2024, Zeekr Intelligent Technology, the premium electric vehicle (EV) maker controlled by Geely Auto, has unveiled a new battery technology that can offer a car a nearly 500-kilometre (310-mile) range with just 10.5 minutes of charging, as the industry steps up the electrification process. Zeekr's self-developed lithium-ion-phosphate (LFP) battery, dubbed Golden Battery and installed on its 007 electric sedan, supports 800-volt ultra-fast charging and assures owners of "swift and reliable" performance, the company said in a statement. The 75-kilowatt-hour battery, when fully charged, allows a car to go as far as 682km, it added.

In November 2023, Global innovator LG Electronics will enter the rapidly growing U.S. electric vehicle charger market in 2024 with the introduction of its first line of AC and DC EV charging stations. According to LG Business Solutions USA's Senior Vice President Nicolas Min, the line will include Level 2 and Level 3 EV chargers, opening new opportunities for businesses, municipalities and other public places to support the electrification of America with independently owned and operated charging stations.

Battery Types Covered:

• Lead-Acid Batteries
• Lithium-Ion Batteries
• Nickel-Based Batteries
• Sodium-Ion Batteries
• Other Battery Types

Material Types Covered:

• Cathode Material
• Anode Materials
• Electrolytes
• Separators
• Other Material Types

Vehicle Types Covered:

• Passenger Vehicles
• Commercial Vehicles
• Electric Vehicles

Battery Capacities Covered:

• Low Capacity (Below 40 Ah)
• Medium Capacity (40 Ah - 80 Ah)
• High Capacity (80 Ah - 150 Ah)
• Ultra-High Capacity (Above 150 Ah)

Applications Covered:

• Electric Propulsion
• Starter
• Lighting
• Ignition
• Other Applications

Sales Channels Covered:

• Original Equipment Manufacturers (OEMs)
• Aftermarket

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Automotive Battery Market, By Battery Type

• 5.1 Introduction
• 5.2 Lead-Acid Batteries
• 5.3 Lithium-Ion Batteries
• 5.4 Nickel-Based Batteries
• 5.5 Sodium-Ion Batteries
• 5.6 Other Battery Types

6 Global Automotive Battery Market, By Material Type

• 6.1 Introduction
• 6.2 Cathode Material
  • 6.2.1 Lithium
  • 6.2.2 Nickel
  • 6.2.3 Cobalt
  • 6.2.4 Manganese
• 6.3 Anode Materials
  • 6.3.1 Graphite
  • 6.3.2 Silicon
• 6.4 Electrolytes
  • 6.4.1 Liquid Electrolytes
  • 6.4.2 Solid Electrolytes
• 6.5 Separators
• 6.6 Other Material Types

7 Global Automotive Battery Market, By Vehicle Type

• 7.1 Introduction
• 7.2 Passenger Vehicles
• 7.3 Commercial Vehicles
• 7.4 Electric Vehicles
  • 7.4.1 Battery Electric Vehicles (BEVs)
  • 7.4.2 Plug-in Hybrid Electric Vehicles (PHEVs)
  • 7.4.3 Hybrid Electric Vehicles (HEVs)

8 Global Automotive Battery Market, By Battery Capacity

• 8.1 Introduction
• 8.2 Low Capacity (Below 40 Ah)
• 8.3 Medium Capacity (40 Ah - 80 Ah)
• 8.4 High Capacity (80 Ah - 150 Ah)
• 8.5 Ultra-High Capacity (Above 150 Ah)

9 Global Automotive Battery Market, By Application

• 9.1 Introduction
• 9.2 Electric Propulsion
• 9.3 Starter
• 9.4 Lighting
• 9.5 Ignition
• 9.6 Other Applications

10 Global Automotive Battery Market, By Sales Channel

• 10.1 Introduction
• 10.2 Original Equipment Manufacturers (OEMs)
• 10.3 Aftermarket

11 Global Automotive Battery Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 CATL
• 13.2 LG Energy Solution
• 13.3 Panasonic Corporation
• 13.4 Samsung SDI
• 13.5 BYD Company Ltd.
• 13.6 SK Innovation
• 13.7 Johnson Controls Power Solutions
• 13.8 Exide Technologies
• 13.9 GS Yuasa International Ltd.
• 13.10 East Penn Manufacturing Company
• 13.11 Clarios
• 13.12 A123 Systems
• 13.13 Toshiba Corporation
• 13.14 Hitachi Chemical Co., Ltd.
• 13.15 SVOLT Energy Technology
• 13.16 Northvolt
• 13.17 EVE Energy Co., Ltd.
• 13.18 Gotion High-Tech Co., Ltd.