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Global Electric Vehicle Battery Market to Grow at a CAGR of 19.2% During 2024-2032, Aided by the Rising Environmental Concerns

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Electric Vehicle Battery Market

Global Electric Vehicle Battery Market Size, Share, Growth: By Battery Type: Lithium-Ion, Lead-Acid, Nickel-Metal-Hydride, Others; By Vehicle Type: Passenger Car, Commercial Vehicle, Two Wheeler; By Propulsion Type; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Electric Vehicle Battery Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Electric Vehicle Battery Historical Market (2018-2023) 
    8.3    Global Electric Vehicle Battery Market Forecast (2024-2032)
    8.4    Global Electric Vehicle Battery Market by Battery Type
        8.4.1    Lithium-Ion
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Lead-Acid
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Nickel-Metal-Hydride
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Electric Vehicle Battery Market by Vehicle Type
        8.5.1    Passenger Car
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Commercial Vehicle
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Two Wheeler
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Electric Vehicle Battery Market by Propulsion Type
        8.6.1    Battery Electric Vehicle (BEV)
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Plug in Hybrid Electric Vehicle (PHEV)
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Hybrid Electric Vehicle (HEV)
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Electric Vehicle Battery Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Electric Vehicle Battery Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Electric Vehicle Battery Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Electric Vehicle Battery Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Electric Vehicle Battery Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Electric Vehicle Battery Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    BYD Company Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Samsung SDI Co. Ltd.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Contemporary Amperex Technology Co., Limited.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Mitsubishi Electric Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Panasonic Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Electric Vehicle Battery Market: Key Industry Highlights, 2018 and 2032
2.    Global Electric Vehicle Battery Historical Market: Breakup by Battery Type (USD Billion), 2018-2023
3.    Global Electric Vehicle Battery Market Forecast: Breakup by Battery Type (USD Billion), 2024-2032
4.    Global Electric Vehicle Battery Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
5.    Global Electric Vehicle Battery Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
6.    Global Electric Vehicle Battery Historical Market: Breakup by Propulsion Type (USD Billion), 2018-2023
7.    Global Electric Vehicle Battery Market Forecast: Breakup by Propulsion Type (USD Billion), 2024-2032
8.    Global Electric Vehicle Battery Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Electric Vehicle Battery Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Electric Vehicle Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Electric Vehicle Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Electric Vehicle Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Electric Vehicle Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Electric Vehicle Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Electric Vehicle Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Electric Vehicle Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Electric Vehicle Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Electric Vehicle Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Electric Vehicle Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Electric Vehicle Battery Market Structure

Key Questions Answered in the Report

What was the global electric vehicle battery market size in 2023?

In 2023, the global electric vehicle battery market attained a value of nearly USD 64.36 billion.

What is the growth rate of the global electric vehicle battery market?

The market is projected to grow at a CAGR of 19.2% between 2024 and 2032.

What is the forecast outlook of the global electric vehicle battery market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 312.66 billion by 2032.

What are the major market drivers?

The major drivers of the market include the increasing demand for electric vehicles, rapid technological advancements, and the rising investments in the research and development of electric vehicle battery technology by leading manufacturers.

What are the key trends of the market?

The key trends of the market include the increasing environmental concerns and the rising pollution levels.

What are the major regional markets of electric vehicle battery, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the significant battery types considered n the market?

The significant battery types in the market include lithium-ion, lead-acid, and nickel-metal-hydride, among others.

What are the leading vehicle types in the market?

Passenger car, commercial vehicle, and two wheeler are the leading vehicle types in the market.

What are the major propulsion types in the market?

The major propulsion types include battery electric vehicle (BEV), plug in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV).

Who are the key market players, according to the report?

The key players in the global electric vehicle battery market are BYD Company Ltd., Samsung SDI Co. Ltd., Contemporary Amperex Technology Co., Limited., Mitsubishi Electric Corporation, and Panasonic Corporation, among others.

Analyst Review

The global electric vehicle battery market attained a value of USD 64.36 billion in 2023, driven by the increased demand for electric vehicles. Aided by the favourable government policies, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 19.2%. The market is projected to reach a value of USD 312.66 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of battery type, the market can be distributed into lithium-ion, lead-acid, nickel-metal-hydride, and others. By vehicle type, the industry can be segmented into passenger car, commercial vehicle, and two wheeler. The market can be categorised based on propulsion type into battery electric vehicle (BEV), plug in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). The major regional markets for electric vehicle battery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BYD Company Ltd., Samsung SDI Co. Ltd., Contemporary Amperex Technology Co., Limited., Mitsubishi Electric Corporation, Panasonic Corporation, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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