Transportation Battery Market, Size, Global Forecast 2024-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis
Transportation Battery Market Outlook
Global Transportation Battery Market size is estimated to reach US$ 172.51 Billion by 2028, according to Renub Research. The demand for batteries in the world is rising, mostly driven by the need to cut down on carbon emissions through the electrification of vehicles and the energy shift. Transportation batteries depend totally on the chemical energy saved in rechargeable battery packs and do not require a secondary supply of propulsion (hydrogen gas cell, inner combustion engine, and others). The improvement and commercialization of energy storage technology could tremendously impact the power system due to rapid progress and enlargement from small to large scale.
Rapid urbanization in both rising and advanced economies is predicted to be among the major drivers of infrastructure investment over the forecast time frame, increasing demand for batteries for the transportation market. Incorporating these trends in urban rail infrastructure is growing worldwide demand for energy storage systems and, as an outcome, is pressure to worldwide demand for transportation batteries. In addition, underdeveloped EV support infrastructure and battery safety problems are predicted to preclude growth throughout the forecast period. Moreover, high initial costs, restrained range, and hastily changing oil expenses are capability restraints on the global Transportation Battery Market standard growth.
Transportation battery market is predicted to grow with a CAGR of 9.15% in the projected time frame (2023-2028)
A transportation battery is a rechargeable battery used in electric vehicles such as hybrid vehicles, plug-in hybrids, electric bicycles, scooters, and many others. Transportation batteries are available in different styles and sizes to meet the desires of various transportation modes. These batteries are made from positive and negative electrodes with an electrolyte solution between them that permits the flow of ions. When an electrical current is carried out, the battery converts chemical electricity into electrical energy. The increase in this market may be attributed to the increasing demand for electric automobiles and stringent government guidelines concerning emissions from conventional vehicles.
The growing integration of electronics, as well as the rising demand for transportation, is the driving factor for the transportation battery market. Furthermore, fuel savings and government incentives for cleaner transportation are important factors that can boost the growth of the transportation battery market. Moreover, introducing and innovating new hybrid and electric automotive models from OEMs is expected to capture the transportation battery market, which can serve as a stepping stone for market growth. Growing demand for hybrids and EVs and R&D in combination with EV batteries are some opportunities worldwide. Global Transportation Battery Market was valued at US$ 111.35 Billion in 2023.
Lithium-ion batteries are poised to dominate the transport battery market with the largest market percentage
By Battery Type, the Transportation battery market is segmented into Lithium Ion Battery, Lead Acid Battery and Other Battery Types. The automobile industry has witnessed a surge in the adoption of electric automobiles (EVs) pushed by the aid of government projects to section out fuel-based motors. The ambitious "zero carbon" targets set by governing bodies globally have similarly accelerated the demand for Electric Vehicles, subsequently enlarging the demand for transportation lithium-ion batteries as a key element in electric-powered vehicles energy systems.
As the arena shifts closer to greener mobility solutions, the need for lithium-ion batteries continues to surge. Major automakers are investing closely in EV production, further fueling this trend. Additionally, improvements in lithium-ion technology are constantly enhancing their performance and affordability. This, coupled with the developing infrastructure for EV charging, solidifies the lithium-ion battery's role as the main demand in the transportation battery market, using a sustainable future.
With the shift to electric-powered automobiles gaining momentum, there has been an explosive surge in battery demand, mainly in global automobile markets
By Vehicle Type, the Transportation battery market is divided into Passenger Cars, Light and Heavy Commercial Vehicles, and electric vehicles. Electric cars (EVs) are undeniably the fastest-developing sector in the transport battery market. With a worldwide emphasis on lowering emissions and combating climate change, EV adoption is surging. Improved battery technology has extended driving ranges and shortened charging times, addressing key consumer issues.
Consequently, numerous companies are venturing into developing their battery giga factories or establishing joint ventures to tackle increasing limited supplies. Projections suggested that demand is set to enhance by about 30%, drawing close to a staggering 4,500 gigawatt-hours (GWh) annually worldwide by 2030. Furthermore, global governments are presenting incentives and investing in charging infrastructure to boost EV adoption. Major automakers are also heavily investing in the EV production, introducing various models to cater to numerous purchasers' wishes.
China has cemented itself as the biggest and most influential market within the transport battery industry.
By Countries, Transportation battery market is broken up into North America (United States, Canada), Europe (Poland, Germany, Spain, France, United Kingdom, Italy, Netherlands, Turkey and Others in Europe), Asia Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Others in Asia-Pacific), Middle East & Africa (Saudi Arabia, UAE, South Africa, Others in Middle East and Africa) and Latin America (Brazil, Argentina, Chile, Mexico, Others in Latin America).
China firmly holds the most important market in the transport battery industry. This monetary giant has been at the vanguard of electrifying its transportation region, spurred by environmental issues and a dedication to lowering emissions. The government's generous incentives and sturdy rules have elevated electric-powered automobile (EV) adoption, creating a surge for batteries. Chinese EV producers like BYD and NIO and worldwide players like Tesla have set up full-scale production operations in China to meet this hovering demand. With a population of over one thousand million and an ever-developing EV infrastructure, China's dominance within the transport battery market is set to continue, shaping the future of sustainable mobility on a massive scale.
Key Player
BYD Company Ltd, Samsung SDI Company Limited, GS Yuasa Corporation, Johnsons Controls Inc and Exide Technologies are outstanding global transportation battery market companies.
Renub Research latest report “Battery Market by Transport, Global Forecast By Battery Type (Lithium Ion Battery, Lead Acid Battery, Other Battery Types), Vehicle Type (Passenger Cars, Light and Heavy Commercial Vehicles, Electric Vehicles, Others), Region (North America (United States, Canada), Europe (Poland, Germany, Spain, France, United Kingdom, Italy, Netherlands, Turkey and Others in Europe), Asia Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Others in Asia-Pacific), Middle East & Africa (Saudi Arabia, UAE, South Africa, Others in Middle East and Africa) and Latin America (Brazil, Argentina, Chile, Mexico, Others in Latin America)), Company (BYD Company Ltd, Samsung SDI Company Limited, GS Yuasa Corporation, Johnsons Controls Inc and Exide Technologies)” provides a detailed analysis of Battery Market by Transport Industry.
Battery Type – Battery Market by Transport has been covered from 3 viewpoints:
1. Lithium Ion Battery
2. Lead Acid Battery
3. Other Battery Types
Vehicle Type – Battery Market by Transporthas been covered from 4 viewpoints:
1. Passenger Cars
2. Light and Heavy Commercial Vehicles
3. Electric Vehicles
4. Others
Region – Battery Market by Transport has been covered from 5 viewpoints:
1. North America
1. United States
2. Canada
2. Asia-Pacific
1. China
2. Japan
3. South Korea
4. India
5. Australia
6. Indonesia
7. Thailand
8. Malaysia
9. Others in Asia-Pacific
3. Europe
1. Poland
2. Germany
3. Spain
4. France
5. United Kingdom
6. Italy
7. Netherlands
8. Turkey
9. Others in Europe
4. Middle East and Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Others in Middle East and Africa
5. South America
1. Brazil
2. Argentina
3. Chile
4. Mexico
5. Others in Latin America
Company Insights:
• Overview
• Recent Development
• Financial Insights
Companies Covered:
1. BYD Company Ltd
2. Samsung SDI Company Limited
3. GS Yuasa Corporation
4. Johnsons Controls Inc
5. Exide Technologies
Report Details:
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018 - 2023 |
| Forecast Period | 2024 - 2028 |
| Market | US$ Billion |
| Segment Covered | Battery Type, Vehicle Type, and Countries |
| Countries Covered | United States, Canada, Poland, Germany, Spain, France, United Kingdom, Italy, Netherlands, Turkey, Others in Europe, China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Others in Asia-Pacific, Saudi Arabia, UAE, South Africa, Others in Middle East and Africa, Brazil, Argentina, Chile, Mexico and Others in Latin America |
| Companies Covered | BYD Company Ltd., Samsung SDI Company Limited, GS Yuasa Corporation, Johnsons Controls Inc. and Exide Technologies |
| Customization Scope | 20% Free Customization |
| Post-Sale Analyst Support | 1 Year (52 Weeks) |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Transportation Battery Market
6. Share Analysis – Global Transportation Battery Market
6.1 By Battery Type
6.2 By Vehicle Type
6.3 By Countries
7. Battery Type – Global Transportation Battery Market
7.1 Lithium Ion Battery
7.2 Lead Acid Battery
7.3 Other Battery Types
8. Vehicle Type – Global Transportation Battery Market
8.1 Passenger Cars
8.2 Light and Heavy Commercial Vehicles
8.3 Electric Vehicles
8.4 Others
9. Countries – Global Transportation Battery Market
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Europe
9.2.1 Poland
9.2.2 Germany
9.2.3 Spain
9.2.4 France
9.2.5 United Kingdom
9.2.6 Italy
9.2.7 Netherlands
9.2.8 Turkey
9.2.9 Others in Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 South Korea
9.3.4 India
9.3.5 Australia
9.3.6 Indonesia
9.3.7 Thailand
9.3.8 Malaysia
9.3.9 Others in Asia-Pacific
9.4 Middle East and Africa
9.4.1 Saudi Arabia
9.4.2 UAE
9.4.3 South Africa
9.4.4 Others in Middle East and Africa
9.5 Latin America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Mexico
9.5.5 Others in Latin America
10. Porters Five Forces
10.1 Bargaining Power of Buyers
10.2 Bargaining Power of Suppliers
10.3 Degree of Competition
10.4 Threat of New Entrants
10.5 Threat of Substitutes
11. SWOT Analysis
11.1 Strengths
11.2 Weaknesses
11.3 Opportunities
11.4 Threats
12. Company Analysis
12.1 BYD Company Ltd.
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Financial Insights
12.2 Samsung SDI Company Limited
12.2.1 Overview
12.2.2 Recent Development
12.2.3 Financial Insights
12.3 GS Yuasa Corporation
12.3.1 Overview
12.3.2 Recent Development
12.3.3 Financial Insights
12.4 Johnsons Controls Inc.
12.4.1 Overview
12.4.2 Recent Development
12.4.3 Financial Insights
12.5 Exide Technologies
12.5.1 Overview
12.5.2 Recent Development
12.5.3 Financial Insights
List of Figures:
Figure-01: Global – Transportation Battery Market (Billion US$), 2018 – 2023
Figure-02: Global – Forecast for Transportation Battery Market (Billion US$), 2024 – 2028
Figure-03: Battery Type – Lithium Ion Battery Market (Billion US$), 2018 – 2023
Figure-04: Battery Type – Forecast for Lithium Ion Battery Market (Billion US$), 2024 – 2028
Figure-05: Battery Type – Lead Acid Battery Market (Billion US$), 2018 – 2023
Figure-06: Battery Type – Forecast for Lead Acid Battery Market (Billion US$), 2024 – 2028
Figure-07: Battery Type – Other Battery Types Market (Billion US$), 2018 – 2023
Figure-08: Battery Type – Forecast for Other Battery Types Market (Billion US$), 2024 – 2028
Figure-09: Vehicle Type – Passenger Cars Market (Billion US$), 2018 – 2023
Figure-10: Vehicle Type – Forecast for Passenger Cars Market (Billion US$), 2024 – 2028
Figure-11: Vehicle Type – Light and Heavy Commercial Vehicles Market (Billion US$), 2018 – 2023
Figure-12: Vehicle Type – Forecast for Light and Heavy Commercial Vehicles Market (Billion US$), 2024 – 2028
Figure-13: Vehicle Type – Electric Vehicles Market (Billion US$), 2018 – 2023
Figure-14: Vehicle Type – Forecast for Electric Vehicles Market (Billion US$), 2024 – 2028
Figure-15: Vehicle Type – Others Market (Billion US$), 2018 – 2023
Figure-16: Vehicle Type – Forecast for Others Market (Billion US$), 2024 – 2028
Figure-17: United States – Transportation Battery Market (Million US$), 2018 – 2023
Figure-18: United States – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-19: Canada – Transportation Battery Market (Million US$), 2018 – 2023
Figure-20: Canada – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-21: Poland – Transportation Battery Market (Million US$), 2018 – 2023
Figure-22: Poland – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-23: Germany – Transportation Battery Market (Million US$), 2018 – 2023
Figure-24: Germany – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-25: Spain – Transportation Battery Market (Million US$), 2018 – 2023
Figure-26: Spain – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-27: France – Transportation Battery Market (Million US$), 2018 – 2023
Figure-28: France – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-29: United Kingdom – Transportation Battery Market (Million US$), 2018 – 2023
Figure-30: United Kingdom – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-31: Italy – Transportation Battery Market (Million US$), 2018 – 2023
Figure-32: Italy – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-33: Netherlands – Transportation Battery Market (Million US$), 2018 – 2023
Figure-34: Netherlands – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-35: Turkey – Transportation Battery Market (Million US$), 2018 – 2023
Figure-36: Turkey – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-37: Others in Europe – Transportation Battery Market (Million US$), 2018 – 2023
Figure-38: Others in Europe – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-39: China – Transportation Battery Market (Million US$), 2018 – 2023
Figure-40: China – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-41: Japan – Transportation Battery Market (Million US$), 2018 – 2023
Figure-42: Japan – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-43: South Korea – Transportation Battery Market (Million US$), 2018 – 2023
Figure-44: South Korea – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-45: India – Transportation Battery Market (Million US$), 2018 – 2023
Figure-46: India – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-47: Australia – Transportation Battery Market (Million US$), 2018 – 2023
Figure-48: Australia – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-49: Indonesia – Transportation Battery Market (Million US$), 2018 – 2023
Figure-50: Indonesia – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-51: Thailand – Transportation Battery Market (Million US$), 2018 – 2023
Figure-52: Thailand – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-53: Malaysia – Transportation Battery Market (Million US$), 2018 – 2023
Figure-54: Malaysia – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-55: Others in Asia-Pacific – Transportation Battery Market (Million US$), 2018 – 2023
Figure-56: Others in Asia-Pacific – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-57: Saudi Arabia – Transportation Battery Market (Million US$), 2018 – 2023
Figure-58: Saudi Arabia – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-59: UAE – Transportation Battery Market (Million US$), 2018 – 2023
Figure-60: UAE – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-61: South Africa – Transportation Battery Market (Million US$), 2018 – 2023
Figure-62: South Africa – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-63: Others in Middle East and Africa – Transportation Battery Market (Million US$), 2018 – 2023
Figure-64: Others in Middle East and Africa – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-65: Brazil – Transportation Battery Market (Million US$), 2018 – 2023
Figure-66: Brazil – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-67: Argentina – Transportation Battery Market (Million US$), 2018 – 2023
Figure-68: Argentina – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-69: Chile – Transportation Battery Market (Million US$), 2018 – 2023
Figure-70: Chile – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-71: Mexico – Transportation Battery Market (Million US$), 2018 – 2023
Figure-72: Mexico – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-73: Others in Latin America – Transportation Battery Market (Million US$), 2018 – 2023
Figure-74: Others in Latin America – Forecast for Transportation Battery Market (Million US$), 2024 – 2028
Figure-75: BYD Company Ltd. – Global Revenue (Billion US$), 2018 – 2023
Figure-76: BYD Company Ltd. – Forecast for Global Revenue (Billion US$), 2024 – 2028
Figure-77: Samsung SDI Company Limited – Global Revenue (Billion US$), 2018 – 2023
Figure-78: Samsung SDI Company Limited – Forecast for Global Revenue (Billion US$), 2024 – 2028
Figure-79: GS Yuasa Corporation – Global Revenue (Billion US$), 2018 – 2023
Figure-80: GS Yuasa Corporation – Forecast for Global Revenue (Billion US$), 2024 – 2028
Figure-81: Johnsons Controls Inc. – Global Revenue (Billion US$), 2018 – 2023
Figure-82: Johnsons Controls Inc. – Forecast for Global Revenue (Billion US$), 2024 – 2028
Figure-83: Exide Technologies – Global Revenue (Billion US$), 2018 – 2023
Figure-84: Exide Technologies – Forecast for Global Revenue (Billion US$), 2024 – 2028
List of Tables:
Table-01: Global – Transportation Battery Market Share by Battery Type (Percent), 2018 – 2023
Table-02: Global – Forecast for Transportation Battery Market Share by Battery Type (Percent), 2024 – 2028
Table-03: Global – Transportation Battery Market Share by Vehicle Type (Percent), 2018 – 2023
Table-04: Global – Forecast for Transportation Battery Market Share by Vehicle Type (Percent), 2024 – 2028
Table-05: Global – Transportation Battery Market Share by Countries (Percent), 2018 – 2023
Table-06: Global – Forecast for Transportation Battery Market Share by Countries (Percent), 2024 – 2028
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