Energy & Power

Traction Battery - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Traction batteries, also known as electric vehicle batteries (EVB), are used to power electric or hybrid vehicles.
The global market for Traction Battery was estimated to be worth US$ 42870 million in 2023 and is forecast to a readjusted size of US$ 109740 million by 2030 with a CAGR of 14.2% during the forecast period 2024-2030
The top 3 players held about 31% of the market share, in terms of the globle traction battery revenue in 2018.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Traction Battery, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Traction Battery by region & country, by Type, and by Application.
The Traction Battery market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Traction Battery.
Market Segmentation
By Company
Panasonic
Contemporary Amperex Technology Limited (CATL)
LG Chem
BYD
GS Yuasa
Gotion, Inc.
CSICP
Lishen
East Penn Manufacturing
Clarios
Enersys
Segment by Type:
Open Lead Acid Battery
Pure Lead Battery
Gel Battery
Lithium-Ion Battery
Segment by Application
Industrial Vehicles
Recreational Vehicles
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Traction Battery manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Traction Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Traction Battery in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
1 Market Overview
1.1 Traction Battery Product Introduction
1.2 Global Traction Battery Market Size Forecast
1.3 Traction Battery Market Trends & Drivers
1.3.1 Traction Battery Industry Trends
1.3.2 Traction Battery Market Drivers & Opportunity
1.3.3 Traction Battery Market Challenges
1.3.4 Traction Battery Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Traction Battery Players Revenue Ranking (2023)
2.2 Global Traction Battery Revenue by Company (2019-2024)
2.3 Key Companies Traction Battery Manufacturing Base Distribution and Headquarters
2.4 Key Companies Traction Battery Product Offered
2.5 Key Companies Time to Begin Mass Production of Traction Battery
2.6 Traction Battery Market Competitive Analysis
2.6.1 Traction Battery Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by Traction Battery Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Traction Battery as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Open Lead Acid Battery
3.1.2 Pure Lead Battery
3.1.3 Gel Battery
3.1.4 Lithium-Ion Battery
3.2 Global Traction Battery Sales Value by Type
3.2.1 Global Traction Battery Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Traction Battery Sales Value, by Type (2019-2030)
3.2.3 Global Traction Battery Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Industrial Vehicles
4.1.2 Recreational Vehicles
4.2 Global Traction Battery Sales Value by Application
4.2.1 Global Traction Battery Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Traction Battery Sales Value, by Application (2019-2030)
4.2.3 Global Traction Battery Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global Traction Battery Sales Value by Region
5.1.1 Global Traction Battery Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Traction Battery Sales Value by Region (2019-2024)
5.1.3 Global Traction Battery Sales Value by Region (2025-2030)
5.1.4 Global Traction Battery Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America Traction Battery Sales Value, 2019-2030
5.2.2 North America Traction Battery Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe Traction Battery Sales Value, 2019-2030
5.3.2 Europe Traction Battery Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific Traction Battery Sales Value, 2019-2030
5.4.2 Asia Pacific Traction Battery Sales Value by Country (%), 2023 VS 2030
5.5 South America
5.5.1 South America Traction Battery Sales Value, 2019-2030
5.5.2 South America Traction Battery Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa Traction Battery Sales Value, 2019-2030
5.6.2 Middle East & Africa Traction Battery Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Traction Battery Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Traction Battery Sales Value
6.3 United States
6.3.1 United States Traction Battery Sales Value, 2019-2030
6.3.2 United States Traction Battery Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Traction Battery Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Traction Battery Sales Value, 2019-2030
6.4.2 Europe Traction Battery Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Traction Battery Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Traction Battery Sales Value, 2019-2030
6.5.2 China Traction Battery Sales Value by Type (%), 2023 VS 2030
6.5.3 China Traction Battery Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Traction Battery Sales Value, 2019-2030
6.6.2 Japan Traction Battery Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Traction Battery Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Traction Battery Sales Value, 2019-2030
6.7.2 South Korea Traction Battery Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Traction Battery Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Traction Battery Sales Value, 2019-2030
6.8.2 Southeast Asia Traction Battery Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Traction Battery Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Traction Battery Sales Value, 2019-2030
6.9.2 India Traction Battery Sales Value by Type (%), 2023 VS 2030
6.9.3 India Traction Battery Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Panasonic
7.1.1 Panasonic Profile
7.1.2 Panasonic Main Business
7.1.3 Panasonic Traction Battery Products, Services and Solutions
7.1.4 Panasonic Traction Battery Revenue (US$ Million) & (2019-2024)
7.1.5 Panasonic Recent Developments
7.2 Contemporary Amperex Technology Limited (CATL)
7.2.1 Contemporary Amperex Technology Limited (CATL) Profile
7.2.2 Contemporary Amperex Technology Limited (CATL) Main Business
7.2.3 Contemporary Amperex Technology Limited (CATL) Traction Battery Products, Services and Solutions
7.2.4 Contemporary Amperex Technology Limited (CATL) Traction Battery Revenue (US$ Million) & (2019-2024)
7.2.5 Contemporary Amperex Technology Limited (CATL) Recent Developments
7.3 LG Chem
7.3.1 LG Chem Profile
7.3.2 LG Chem Main Business
7.3.3 LG Chem Traction Battery Products, Services and Solutions
7.3.4 LG Chem Traction Battery Revenue (US$ Million) & (2019-2024)
7.3.5 BYD Recent Developments
7.4 BYD
7.4.1 BYD Profile
7.4.2 BYD Main Business
7.4.3 BYD Traction Battery Products, Services and Solutions
7.4.4 BYD Traction Battery Revenue (US$ Million) & (2019-2024)
7.4.5 BYD Recent Developments
7.5 GS Yuasa
7.5.1 GS Yuasa Profile
7.5.2 GS Yuasa Main Business
7.5.3 GS Yuasa Traction Battery Products, Services and Solutions
7.5.4 GS Yuasa Traction Battery Revenue (US$ Million) & (2019-2024)
7.5.5 GS Yuasa Recent Developments
7.6 Gotion, Inc.
7.6.1 Gotion, Inc. Profile
7.6.2 Gotion, Inc. Main Business
7.6.3 Gotion, Inc. Traction Battery Products, Services and Solutions
7.6.4 Gotion, Inc. Traction Battery Revenue (US$ Million) & (2019-2024)
7.6.5 Gotion, Inc. Recent Developments
7.7 CSICP
7.7.1 CSICP Profile
7.7.2 CSICP Main Business
7.7.3 CSICP Traction Battery Products, Services and Solutions
7.7.4 CSICP Traction Battery Revenue (US$ Million) & (2019-2024)
7.7.5 CSICP Recent Developments
7.8 Lishen
7.8.1 Lishen Profile
7.8.2 Lishen Main Business
7.8.3 Lishen Traction Battery Products, Services and Solutions
7.8.4 Lishen Traction Battery Revenue (US$ Million) & (2019-2024)
7.8.5 Lishen Recent Developments
7.9 East Penn Manufacturing
7.9.1 East Penn Manufacturing Profile
7.9.2 East Penn Manufacturing Main Business
7.9.3 East Penn Manufacturing Traction Battery Products, Services and Solutions
7.9.4 East Penn Manufacturing Traction Battery Revenue (US$ Million) & (2019-2024)
7.9.5 East Penn Manufacturing Recent Developments
7.10 Clarios
7.10.1 Clarios Profile
7.10.2 Clarios Main Business
7.10.3 Clarios Traction Battery Products, Services and Solutions
7.10.4 Clarios Traction Battery Revenue (US$ Million) & (2019-2024)
7.10.5 Clarios Recent Developments
7.11 Enersys
7.11.1 Enersys Profile
7.11.2 Enersys Main Business
7.11.3 Enersys Traction Battery Products, Services and Solutions
7.11.4 Enersys Traction Battery Revenue (US$ Million) & (2019-2024)
7.11.5 Enersys Recent Developments
8 Industry Chain Analysis
8.1 Traction Battery Industrial Chain
8.2 Traction Battery Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Traction Battery Sales Model
8.5.2 Sales Channel
8.5.3 Traction Battery Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
List of Tables
Table 1. Traction Battery Market Trends
Table 2. Traction Battery Market Drivers & Opportunity
Table 3. Traction Battery Market Challenges
Table 4. Traction Battery Market Restraints
Table 5. Global Traction Battery Revenue by Company (2019-2024) & (US$ Million)
Table 6. Global Traction Battery Revenue Market Share by Company (2019-2024)
Table 7. Key Companies Traction Battery Manufacturing Base Distribution and Headquarters
Table 8. Key Companies Traction Battery Product Type
Table 9. Key Companies Time to Begin Mass Production of Traction Battery
Table 10. Global Traction Battery Companies Market Concentration Ratio (CR5 and HHI)
Table 11. Global Top Companies Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Traction Battery as of 2023)
Table 12. Mergers & Acquisitions, Expansion Plans
Table 13. Global Traction Battery Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
Table 14. Global Traction Battery Sales Value by Type (2019-2024) & (US$ Million)
Table 15. Global Traction Battery Sales Value by Type (2025-2030) & (US$ Million)
Table 16. Global Traction Battery Sales Market Share in Value by Type (2019-2024) & (%)
Table 17. Global Traction Battery Sales Market Share in Value by Type (2025-2030) & (%)
Table 18. Global Traction Battery Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)
Table 19. Global Traction Battery Sales Value by Application (2019-2024) & (US$ Million)
Table 20. Global Traction Battery Sales Value by Application (2025-2030) & (US$ Million)
Table 21. Global Traction Battery Sales Market Share in Value by Application (2019-2024) & (%)
Table 22. Global Traction Battery Sales Market Share in Value by Application (2025-2030) & (%)
Table 23. Global Traction Battery Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million)
Table 24. Global Traction Battery Sales Value by Region (2019-2024) & (US$ Million)
Table 25. Global Traction Battery Sales Value by Region (2025-2030) & (US$ Million)
Table 26. Global Traction Battery Sales Value by Region (2019-2024) & (%)
Table 27. Global Traction Battery Sales Value by Region (2025-2030) & (%)
Table 28. Key Countries/Regions Traction Battery Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030
Table 29. Key Countries/Regions Traction Battery Sales Value, (2019-2024) & (US$ Million)
Table 30. Key Countries/Regions Traction Battery Sales Value, (2025-2030) & (US$ Million)
Table 31. Panasonic Basic Information List
Table 32. Panasonic Description and Business Overview
Table 33. Panasonic Traction Battery Products, Services and Solutions
Table 34. Revenue (US$ Million) in Traction Battery Business of Panasonic (2019-2024)
Table 35. Panasonic Recent Developments
Table 36. Contemporary Amperex Technology Limited (CATL) Basic Information List
Table 37. Contemporary Amperex Technology Limited (CATL) Description and Business Overview
Table 38. Contemporary Amperex Technology Limited (CATL) Traction Battery Products, Services and Solutions
Table 39. Revenue (US$ Million) in Traction Battery Business of Contemporary Amperex Technology Limited (CATL) (2019-2024)
Table 40. Contemporary Amperex Technology Limited (CATL) Recent Developments
Table 41. LG Chem Basic Information List
Table 42. LG Chem Description and Business Overview
Table 43. LG Chem Traction Battery Products, Services and Solutions
Table 44. Revenue (US$ Million) in Traction Battery Business of LG Chem (2019-2024)
Table 45. LG Chem Recent Developments
Table 46. BYD Basic Information List
Table 47. BYD Description and Business Overview
Table 48. BYD Traction Battery Products, Services and Solutions
Table 49. Revenue (US$ Million) in Traction Battery Business of BYD (2019-2024)
Table 50. BYD Recent Developments
Table 51. GS Yuasa Basic Information List
Table 52. GS Yuasa Description and Business Overview
Table 53. GS Yuasa Traction Battery Products, Services and Solutions
Table 54. Revenue (US$ Million) in Traction Battery Business of GS Yuasa (2019-2024)
Table 55. GS Yuasa Recent Developments
Table 56. Gotion, Inc. Basic Information List
Table 57. Gotion, Inc. Description and Business Overview
Table 58. Gotion, Inc. Traction Battery Products, Services and Solutions
Table 59. Revenue (US$ Million) in Traction Battery Business of Gotion, Inc. (2019-2024)
Table 60. Gotion, Inc. Recent Developments
Table 61. CSICP Basic Information List
Table 62. CSICP Description and Business Overview
Table 63. CSICP Traction Battery Products, Services and Solutions
Table 64. Revenue (US$ Million) in Traction Battery Business of CSICP (2019-2024)
Table 65. CSICP Recent Developments
Table 66. Lishen Basic Information List
Table 67. Lishen Description and Business Overview
Table 68. Lishen Traction Battery Products, Services and Solutions
Table 69. Revenue (US$ Million) in Traction Battery Business of Lishen (2019-2024)
Table 70. Lishen Recent Developments
Table 71. East Penn Manufacturing Basic Information List
Table 72. East Penn Manufacturing Description and Business Overview
Table 73. East Penn Manufacturing Traction Battery Products, Services and Solutions
Table 74. Revenue (US$ Million) in Traction Battery Business of East Penn Manufacturing (2019-2024)
Table 75. East Penn Manufacturing Recent Developments
Table 76. Clarios Basic Information List
Table 77. Clarios Description and Business Overview
Table 78. Clarios Traction Battery Products, Services and Solutions
Table 79. Revenue (US$ Million) in Traction Battery Business of Clarios (2019-2024)
Table 80. Clarios Recent Developments
Table 81. Enersys Basic Information List
Table 82. Enersys Description and Business Overview
Table 83. Enersys Traction Battery Products, Services and Solutions
Table 84. Revenue (US$ Million) in Traction Battery Business of Enersys (2019-2024)
Table 85. Enersys Recent Developments
Table 86. Key Raw Materials Lists
Table 87. Raw Materials Key Suppliers Lists
Table 88. Traction Battery Downstream Customers
Table 89. Traction Battery Distributors List
Table 90. Research Programs/Design for This Report
Table 91. Key Data Information from Secondary Sources
Table 92. Key Data Information from Primary Sources
Table 93. Business Unit and Senior & Team Lead Analysts
List of Figures
Figure 1. Traction Battery Product Picture
Figure 2. Global Traction Battery Sales Value, 2019 VS 2023 VS 2030 (US$ Million)
Figure 3. Global Traction Battery Sales Value (2019-2030) & (US$ Million)
Figure 4. Traction Battery Report Years Considered
Figure 5. Global Traction Battery Players Revenue Ranking (2023) & (US$ Million)
Figure 6. The 5 and 10 Largest Manufacturers in the World: Market Share by Traction Battery Revenue in 2023
Figure 7. Traction Battery Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023
Figure 8. Open Lead Acid Battery Picture
Figure 9. Pure Lead Battery Picture
Figure 10. Gel Battery Picture
Figure 11. Lithium-Ion Battery Picture
Figure 12. Global Traction Battery Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)
Figure 13. Global Traction Battery Sales Value Market Share by Type, 2023 & 2030
Figure 14. Product Picture of Industrial Vehicles
Figure 15. Product Picture of Recreational Vehicles
Figure 16. Global Traction Battery Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)
Figure 17. Global Traction Battery Sales Value Market Share by Application, 2023 & 2030
Figure 18. North America Traction Battery Sales Value (2019-2030) & (US$ Million)
Figure 19. North America Traction Battery Sales Value by Country (%), 2023 VS 2030
Figure 20. Europe Traction Battery Sales Value (2019-2030) & (US$ Million)
Figure 21. Europe Traction Battery Sales Value by Country (%), 2023 VS 2030
Figure 22. Asia Pacific Traction Battery Sales Value (2019-2030) & (US$ Million)
Figure 23. Asia Pacific Traction Battery Sales Value by Country (%), 2023 VS 2030
Figure 24. South America Traction Battery Sales Value (2019-2030) & (US$ Million)
Figure 25. South America Traction Battery Sales Value by Country (%), 2023 VS 2030
Figure 26. Middle East & Africa Traction Battery Sales Value (2019-2030) & (US$ Million)
Figure 27. Middle East & Africa Traction Battery Sales Value by Country (%), 2023 VS 2030
Figure 28. Key Countries/Regions Traction Battery Sales Value (%), (2019-2030)
Figure 29. United States Traction Battery Sales Value, (2019-2030) & (US$ Million)
Figure 30. United States Traction Battery Sales Value by Type (%), 2023 VS 2030
Figure 31. United States Traction Battery Sales Value by Application (%), 2023 VS 2030
Figure 32. Europe Traction Battery Sales Value, (2019-2030) & (US$ Million)
Figure 33. Europe Traction Battery Sales Value by Type (%), 2023 VS 2030
Figure 34. Europe Traction Battery Sales Value by Application (%), 2023 VS 2030
Figure 35. China Traction Battery Sales Value, (2019-2030) & (US$ Million)
Figure 36. China Traction Battery Sales Value by Type (%), 2023 VS 2030
Figure 37. China Traction Battery Sales Value by Application (%), 2023 VS 2030
Figure 38. Japan Traction Battery Sales Value, (2019-2030) & (US$ Million)
Figure 39. Japan Traction Battery Sales Value by Type (%), 2023 VS 2030
Figure 40. Japan Traction Battery Sales Value by Application (%), 2023 VS 2030
Figure 41. South Korea Traction Battery Sales Value, (2019-2030) & (US$ Million)
Figure 42. South Korea Traction Battery Sales Value by Type (%), 2023 VS 2030
Figure 43. South Korea Traction Battery Sales Value by Application (%), 2023 VS 2030
Figure 44. Southeast Asia Traction Battery Sales Value, (2019-2030) & (US$ Million)
Figure 45. Southeast Asia Traction Battery Sales Value by Type (%), 2023 VS 2030
Figure 46. Southeast Asia Traction Battery Sales Value by Application (%), 2023 VS 2030
Figure 47. India Traction Battery Sales Value, (2019-2030) & (US$ Million)
Figure 48. India Traction Battery Sales Value by Type (%), 2023 VS 2030
Figure 49. India Traction Battery Sales Value by Application (%), 2023 VS 2030
Figure 50. Traction Battery Industrial Chain
Figure 51. Traction Battery Manufacturing Cost Structure
Figure 52. Channels of Distribution (Direct Sales, and Distribution)
Figure 53. Bottom-up and Top-down Approaches for This Report
Figure 54. Data Triangulation
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