The global electric vehicle battery market size was estimated at USD 63.51 billion in 2023 and is projected to grow USD 573.08 billion by 2033 from USD 76.59 billion in 2024, growing at a CAGR of 25.1% from 2024 to 2033.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
7.1. Electric Vehicle Battery Market, by Battery Type, 2024-2033
7.1.1. Lead-Acid Battery
7.1.1.1. Market Revenue and Forecast (2021-2033)
7.1.2. Lithium-ion Battery
7.1.2.1. Market Revenue and Forecast (2021-2033)
7.1.3. Sodium-ion Battery
7.1.3.1. Market Revenue and Forecast (2021-2033)
7.1.4. Nickel-Metal Hydride Battery
7.1.4.1. Market Revenue and Forecast (2021-2033)
7.1.5. Others
7.1.5.1. Market Revenue and Forecast (2021-2033)
8.1. Electric Vehicle Battery Market, by Vehicle Type, 2024-2033
8.1.1. Passenger Vehicle
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Commercial Vehicle
8.1.2.1. Market Revenue and Forecast (2021-2033)
8.1.3. Medical devices
8.1.3.1. Market Revenue and Forecast (2021-2033)
9.1. Electric Vehicle Battery Market, by Propulsion, 2024-2033
9.1.1. Battery Electric Vehicle
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Plug-in Hybrid Electric Vehicle
9.1.2.1. Market Revenue and Forecast (2021-2033)
9.1.3. Hybrid Electric Vehicles
9.1.3.1. Market Revenue and Forecast (2021-2033)
9.1.4. Fuel Cell Electric Vehicles
9.1.4.1. Market Revenue and Forecast (2021-2033)
10.1. Electric Vehicle Battery Market, by Li-ion Battery Component, 2024-2033
10.1.1. Positive Electrode
10.1.1.1. Market Revenue and Forecast (2021-2033)
10.1.2. Negative Electrode
10.1.2.1. Market Revenue and Forecast (2021-2033)
10.1.3. Electrolyte
10.1.3.1. Market Revenue and Forecast (2021-2033)
10.1.4. Separator
10.1.4.1. Market Revenue and Forecast (2021-2033)
11.1. Electric Vehicle Battery Market, by End-use, 2024-2033
11.1.1. Electric Vehicle OEMs
11.1.1.1. Market Revenue and Forecast (2021-2033)
11.1.2. Battery Swapping Stations
11.1.2.1. Market Revenue and Forecast (2021-2033)
12.1. Electric Vehicle Battery Market, by Method, 2024-2033
12.1.1. Wire Bonding
12.1.1.1. Market Revenue and Forecast (2021-2033)
12.1.2. Laser Bonding
12.1.2.1. Market Revenue and Forecast (2021-2033)
13.1. Electric Vehicle Battery Market, by Capacity, 2024-2033
13.1.1. <50 kWh
13.1.1.1. Market Revenue and Forecast (2021-2033)
13.1.2. 50-110 kWh
13.1.2.1. Market Revenue and Forecast (2021-2033)
13.1.3. 111-200 kWh
13.1.3.1. Market Revenue and Forecast (2021-2033)
13.1.4. 201-300 kWh
13.1.4.1. Market Revenue and Forecast (2021-2033)
13.1.5. >300 kWh
13.1.5.1. Market Revenue and Forecast (2021-2033)
14.1. Electric Vehicle Battery Market, by Capacity, 2024-2033
14.1.1. Prismatic
14.1.1.1. Market Revenue and Forecast (2021-2033)
14.1.2. Cyindrical
14.1.2.1. Market Revenue and Forecast (2021-2033)
14.1.3. Pouch
14.1.3.1. Market Revenue and Forecast (2021-2033)
15.1. Electric Vehicle Battery Market, by Capacity, 2024-2033
15.1.1. Lithium
15.1.1.1. Market Revenue and Forecast (2021-2033)
15.1.2. Cobalt
15.1.2.1. Market Revenue and Forecast (2021-2033)
15.1.3. Manganese
15.1.3.1. Market Revenue and Forecast (2021-2033)
15.1.4. Natural Graphite
15.1.4.1. Market Revenue and Forecast (2021-2033)
16.1. North America
16.1.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.1.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.1.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.1.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.1.5. Market Revenue and Forecast, by End-use (2021-2033)
16.1.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.1.7. Market Revenue and Forecast, by Method (2021-2033)
16.1.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.1.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.1.10. U.S.
16.1.10.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.1.10.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.1.10.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.1.10.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.1.10.5. Market Revenue and Forecast, by End-use (2021-2033)
16.1.10.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.1.10.7. Market Revenue and Forecast, by Method (2021-2033)
16.1.10.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.1.10.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.1.11. Rest of North America
16.1.11.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.1.11.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.1.11.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.1.11.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.1.11.5. Market Revenue and Forecast, by End-use (2021-2033)
16.1.11.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.1.11.7. Market Revenue and Forecast, by Method (2021-2033)
16.1.11.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.1.11.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.2. Europe
16.2.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.2.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.2.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.2.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.2.5. Market Revenue and Forecast, by End-use (2021-2033)
16.2.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.2.7. Market Revenue and Forecast, by Method (2021-2033)
16.2.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.2.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.2.10. UK
16.2.10.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.2.10.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.2.10.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.2.10.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.2.10.5. Market Revenue and Forecast, by End-use (2021-2033)
16.2.10.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.2.10.7. Market Revenue and Forecast, by Method (2021-2033)
16.2.10.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.2.10.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.2.11. Germany
16.2.11.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.2.11.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.2.11.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.2.11.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.2.11.5. Market Revenue and Forecast, by End-use (2021-2033)
16.2.11.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.2.11.7. Market Revenue and Forecast, by Method (2021-2033)
16.2.11.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.2.11.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.2.12. France
16.2.12.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.2.12.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.2.12.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.2.12.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.2.12.5. Market Revenue and Forecast, by End-use (2021-2033)
16.2.12.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.2.12.7. Market Revenue and Forecast, by Method (2021-2033)
16.2.12.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.2.12.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.2.13. Rest of Europe
16.2.13.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.2.13.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.2.13.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.2.13.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.2.13.5. Market Revenue and Forecast, by End-use (2021-2033)
16.2.13.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.2.13.7. Market Revenue and Forecast, by Method (2021-2033)
16.2.13.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.2.13.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.3. APAC
16.3.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.3.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.3.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.3.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.3.5. Market Revenue and Forecast, by End-use (2021-2033)
16.3.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.3.7. Market Revenue and Forecast, by Method (2021-2033)
16.3.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.3.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.3.10. India
16.3.10.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.3.10.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.3.10.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.3.10.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.3.10.5. Market Revenue and Forecast, by End-use (2021-2033)
16.3.10.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.3.10.7. Market Revenue and Forecast, by Method (2021-2033)
16.3.10.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.3.10.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.3.11. China
16.3.11.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.3.11.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.3.11.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.3.11.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.3.11.5. Market Revenue and Forecast, by End-use (2021-2033)
16.3.11.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.3.11.7. Market Revenue and Forecast, by Method (2021-2033)
16.3.11.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.3.11.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.3.12. Japan
16.3.12.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.3.12.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.3.12.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.3.12.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.3.12.5. Market Revenue and Forecast, by End-use (2021-2033)
16.3.12.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.3.12.7. Market Revenue and Forecast, by Method (2021-2033)
16.3.12.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.3.12.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.3.13. Rest of APAC
16.3.13.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.3.13.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.3.13.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.3.13.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.3.13.5. Market Revenue and Forecast, by End-use (2021-2033)
16.3.13.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.3.13.7. Market Revenue and Forecast, by Method (2021-2033)
16.3.13.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.3.13.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.4. MEA
16.4.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.4.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.4.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.4.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.4.5. Market Revenue and Forecast, by End-use (2021-2033)
16.4.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.4.7. Market Revenue and Forecast, by Method (2021-2033)
16.4.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.4.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.4.10. GCC
16.4.10.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.4.10.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.4.10.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.4.10.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.4.10.5. Market Revenue and Forecast, by End-use (2021-2033)
16.4.10.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.4.10.7. Market Revenue and Forecast, by Method (2021-2033)
16.4.10.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.4.10.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.4.11. North Africa
16.4.11.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.4.11.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.4.11.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.4.11.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.4.11.5. Market Revenue and Forecast, by End-use (2021-2033)
16.4.11.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.4.11.7. Market Revenue and Forecast, by Method (2021-2033)
16.4.11.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.4.11.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.4.12. South Africa
16.4.12.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.4.12.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.4.12.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.4.12.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.4.12.5. Market Revenue and Forecast, by End-use (2021-2033)
16.4.12.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.4.12.7. Market Revenue and Forecast, by Method (2021-2033)
16.4.12.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.4.12.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.4.13. Rest of MEA
16.4.13.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.4.13.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.4.13.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.4.13.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.4.13.5. Market Revenue and Forecast, by End-use (2021-2033)
16.4.13.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.4.13.7. Market Revenue and Forecast, by Method (2021-2033)
16.4.13.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.4.13.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.5. Latin America
16.5.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.5.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.5.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.5.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.5.5. Market Revenue and Forecast, by End-use (2021-2033)
16.5.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.5.7. Market Revenue and Forecast, by Method (2021-2033)
16.5.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.5.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.5.10. Brazil
16.5.10.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.5.10.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.5.10.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.5.10.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.5.10.5. Market Revenue and Forecast, by End-use (2021-2033)
16.5.10.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.5.10.7. Market Revenue and Forecast, by Method (2021-2033)
16.5.10.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.5.10.9. Market Revenue and Forecast, by Material Type (2021-2033)
16.5.11. Rest of LATAM
16.5.11.1. Market Revenue and Forecast, by Battery Type (2021-2033)
16.5.11.2. Market Revenue and Forecast, by Vehicle Type (2021-2033)
16.5.11.3. Market Revenue and Forecast, by Propulsion (2021-2033)
16.5.11.4. Market Revenue and Forecast, by Li-ion Battery Component (2021-2033)
16.5.11.5. Market Revenue and Forecast, by End-use (2021-2033)
16.5.11.6. Market Revenue and Forecast, by Capacity (2021-2033)
16.5.11.7. Market Revenue and Forecast, by Method (2021-2033)
16.5.11.8. Market Revenue and Forecast, by Battery Form (2021-2033)
16.5.11.9. Market Revenue and Forecast, by Material Type (2021-2033)
17.1. Hitachi
17.1.1. Company Overview
17.1.2. Product Offerings
17.1.3. Financial Performance
17.1.4. Recent Initiatives
17.2. Sony
17.2.1. Company Overview
17.2.2. Product Offerings
17.2.3. Financial Performance
17.2.4. Recent Initiatives
17.3. ATLASBX Co. Ltd.
17.3.1. Company Overview
17.3.2. Product Offerings
17.3.3. Financial Performance
17.3.4. Recent Initiatives
17.4. Narada Power Source Co., Ltd.
17.4.1. Company Overview
17.4.2. Product Offerings
17.4.3. Financial Performance
17.4.4. Recent Initiatives
17.5. TCL Corporation
17.5.1. Company Overview
17.5.2. Product Offerings
17.5.3. Financial Performance
17.5.4. Recent Initiatives
17.6. Huanyu New Energy Technology
17.6.1. Company Overview
17.6.2. Product Offerings
17.6.3. Financial Performance
17.6.4. Recent Initiatives
17.7. C&D Technologies, Inc.
17.7.1. Company Overview
17.7.2. Product Offerings
17.7.3. Financial Performance
17.7.4. Recent Initiatives
17.8. Duracell
17.8.1. Company Overview
17.8.2. Product Offerings
17.8.3. Financial Performance
17.8.4. Recent Initiatives
17.9. Crown Battery Manufacturing
17.9.1. Company Overview
17.9.2. Product Offerings
17.9.3. Financial Performance
17.9.4. Recent Initiatives
17.10. EnerSys, Inc.
17.10.1. Company Overview
17.10.2. Product Offerings
17.10.3. Financial Performance
17.10.4. Recent Initiatives
17.11. Panasonic
17.11.1. Company Overview
17.11.2. Product Offerings
17.11.3. Financial Performance
17.11.4. Recent Initiatives
17.12. NEC Corporation
17.12.1. Company Overview
17.12.2. Product Offerings
17.12.3. Financial Performance
17.12.4. Recent Initiatives
17.13. North Star
17.13.1. Company Overview
17.13.2. Product Offerings
17.13.3. Financial Performance
17.13.4. Recent Initiatives
18.1. Primary Research
18.2. Secondary Research
18.3. Assumptions
19.1. About Us
19.2. Glossary of Terms
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
Report Description
Get a Sample