The global electric vehicle battery market size accounted for USD 76.59 billion in 2025 and is forecasted to hit around USD 739.31 billion by 2034, representing a CAGR of 25.95% from 2025 to 2034. The Asia Pacific market size was estimated at USD 271.33 billion in 2024 and is expanding at a CAGR of 26.20% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
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
7.1.1. Lead-Acid Battery
7.1.1.1. Market Revenue and Forecast
7.1.2. Lithium-ion Battery
7.1.2.1. Market Revenue and Forecast
7.1.3. Sodium-ion Battery
7.1.3.1. Market Revenue and Forecast
7.1.4. Nickel-Metal Hydride Battery
7.1.4.1. Market Revenue and Forecast
7.1.5. Others
7.1.5.1. Market Revenue and Forecast
8.1. Electric Vehicle Battery Market, by Vehicle Type
8.1.1. Passenger Vehicle
8.1.1.1. Market Revenue and Forecast
8.1.2. Commercial Vehicle
8.1.2.1. Market Revenue and Forecast
8.1.3. Medical devices
8.1.3.1. Market Revenue and Forecast
9.1. Electric Vehicle Battery Market, by Propulsion
9.1.1. Battery Electric Vehicle
9.1.1.1. Market Revenue and Forecast
9.1.2. Plug-in Hybrid Electric Vehicle
9.1.2.1. Market Revenue and Forecast
9.1.3. Hybrid Electric Vehicles
9.1.3.1. Market Revenue and Forecast
9.1.4. Fuel Cell Electric Vehicles
9.1.4.1. Market Revenue and Forecast
10.1. Electric Vehicle Battery Market, by Li-ion Battery Component
10.1.1. Positive Electrode
10.1.1.1. Market Revenue and Forecast
10.1.2. Negative Electrode
10.1.2.1. Market Revenue and Forecast
10.1.3. Electrolyte
10.1.3.1. Market Revenue and Forecast
10.1.4. Separator
10.1.4.1. Market Revenue and Forecast
11.1. Electric Vehicle Battery Market, by End-use
11.1.1. Electric Vehicle OEMs
11.1.1.1. Market Revenue and Forecast
11.1.2. Battery Swapping Stations
11.1.2.1. Market Revenue and Forecast
12.1. Electric Vehicle Battery Market, by Method
12.1.1. Wire Bonding
12.1.1.1. Market Revenue and Forecast
12.1.2. Laser Bonding
12.1.2.1. Market Revenue and Forecast
13.1. Electric Vehicle Battery Market, by Capacity
13.1.1. <50 kWh
13.1.1.1. Market Revenue and Forecast
13.1.2. 50-110 kWh
13.1.2.1. Market Revenue and Forecast
13.1.3. 111-200 kWh
13.1.3.1. Market Revenue and Forecast
13.1.4. 201-300 kWh
13.1.4.1. Market Revenue and Forecast
13.1.5. >300 kWh
13.1.5.1. Market Revenue and Forecast
14.1. Electric Vehicle Battery Market, by Capacity
14.1.1. Prismatic
14.1.1.1. Market Revenue and Forecast
14.1.2. Cyindrical
14.1.2.1. Market Revenue and Forecast
14.1.3. Pouch
14.1.3.1. Market Revenue and Forecast
15.1. Electric Vehicle Battery Market, by Capacity
15.1.1. Lithium
15.1.1.1. Market Revenue and Forecast
15.1.2. Cobalt
15.1.2.1. Market Revenue and Forecast
15.1.3. Manganese
15.1.3.1. Market Revenue and Forecast
15.1.4. Natural Graphite
15.1.4.1. Market Revenue and Forecast
16.1. North America
16.1.1. Market Revenue and Forecast, by Battery Type
16.1.2. Market Revenue and Forecast, by Vehicle Type
16.1.3. Market Revenue and Forecast, by Propulsion
16.1.4. Market Revenue and Forecast, by Li-ion Battery Component
16.1.5. Market Revenue and Forecast, by End-use
16.1.6. Market Revenue and Forecast, by Capacity
16.1.7. Market Revenue and Forecast, by Method
16.1.8. Market Revenue and Forecast, by Battery Form
16.1.9. Market Revenue and Forecast, by Material Type
16.1.10. U.S.
16.1.10.1. Market Revenue and Forecast, by Battery Type
16.1.10.2. Market Revenue and Forecast, by Vehicle Type
16.1.10.3. Market Revenue and Forecast, by Propulsion
16.1.10.4. Market Revenue and Forecast, by Li-ion Battery Component
16.1.10.5. Market Revenue and Forecast, by End-use
16.1.10.6. Market Revenue and Forecast, by Capacity
16.1.10.7. Market Revenue and Forecast, by Method
16.1.10.8. Market Revenue and Forecast, by Battery Form
16.1.10.9. Market Revenue and Forecast, by Material Type
16.1.11. Rest of North America
16.1.11.1. Market Revenue and Forecast, by Battery Type
16.1.11.2. Market Revenue and Forecast, by Vehicle Type
16.1.11.3. Market Revenue and Forecast, by Propulsion
16.1.11.4. Market Revenue and Forecast, by Li-ion Battery Component
16.1.11.5. Market Revenue and Forecast, by End-use
16.1.11.6. Market Revenue and Forecast, by Capacity
16.1.11.7. Market Revenue and Forecast, by Method
16.1.11.8. Market Revenue and Forecast, by Battery Form
16.1.11.9. Market Revenue and Forecast, by Material Type
16.2. Europe
16.2.1. Market Revenue and Forecast, by Battery Type
16.2.2. Market Revenue and Forecast, by Vehicle Type
16.2.3. Market Revenue and Forecast, by Propulsion
16.2.4. Market Revenue and Forecast, by Li-ion Battery Component
16.2.5. Market Revenue and Forecast, by End-use
16.2.6. Market Revenue and Forecast, by Capacity
16.2.7. Market Revenue and Forecast, by Method
16.2.8. Market Revenue and Forecast, by Battery Form
16.2.9. Market Revenue and Forecast, by Material Type
16.2.10. UK
16.2.10.1. Market Revenue and Forecast, by Battery Type
16.2.10.2. Market Revenue and Forecast, by Vehicle Type
16.2.10.3. Market Revenue and Forecast, by Propulsion
16.2.10.4. Market Revenue and Forecast, by Li-ion Battery Component
16.2.10.5. Market Revenue and Forecast, by End-use
16.2.10.6. Market Revenue and Forecast, by Capacity
16.2.10.7. Market Revenue and Forecast, by Method
16.2.10.8. Market Revenue and Forecast, by Battery Form
16.2.10.9. Market Revenue and Forecast, by Material Type
16.2.11. Germany
16.2.11.1. Market Revenue and Forecast, by Battery Type
16.2.11.2. Market Revenue and Forecast, by Vehicle Type
16.2.11.3. Market Revenue and Forecast, by Propulsion
16.2.11.4. Market Revenue and Forecast, by Li-ion Battery Component
16.2.11.5. Market Revenue and Forecast, by End-use
16.2.11.6. Market Revenue and Forecast, by Capacity
16.2.11.7. Market Revenue and Forecast, by Method
16.2.11.8. Market Revenue and Forecast, by Battery Form
16.2.11.9. Market Revenue and Forecast, by Material Type
16.2.12. France
16.2.12.1. Market Revenue and Forecast, by Battery Type
16.2.12.2. Market Revenue and Forecast, by Vehicle Type
16.2.12.3. Market Revenue and Forecast, by Propulsion
16.2.12.4. Market Revenue and Forecast, by Li-ion Battery Component
16.2.12.5. Market Revenue and Forecast, by End-use
16.2.12.6. Market Revenue and Forecast, by Capacity
16.2.12.7. Market Revenue and Forecast, by Method
16.2.12.8. Market Revenue and Forecast, by Battery Form
16.2.12.9. Market Revenue and Forecast, by Material Type
16.2.13. Rest of Europe
16.2.13.1. Market Revenue and Forecast, by Battery Type
16.2.13.2. Market Revenue and Forecast, by Vehicle Type
16.2.13.3. Market Revenue and Forecast, by Propulsion
16.2.13.4. Market Revenue and Forecast, by Li-ion Battery Component
16.2.13.5. Market Revenue and Forecast, by End-use
16.2.13.6. Market Revenue and Forecast, by Capacity
16.2.13.7. Market Revenue and Forecast, by Method
16.2.13.8. Market Revenue and Forecast, by Battery Form
16.2.13.9. Market Revenue and Forecast, by Material Type
16.3. APAC
16.3.1. Market Revenue and Forecast, by Battery Type
16.3.2. Market Revenue and Forecast, by Vehicle Type
16.3.3. Market Revenue and Forecast, by Propulsion
16.3.4. Market Revenue and Forecast, by Li-ion Battery Component
16.3.5. Market Revenue and Forecast, by End-use
16.3.6. Market Revenue and Forecast, by Capacity
16.3.7. Market Revenue and Forecast, by Method
16.3.8. Market Revenue and Forecast, by Battery Form
16.3.9. Market Revenue and Forecast, by Material Type
16.3.10. India
16.3.10.1. Market Revenue and Forecast, by Battery Type
16.3.10.2. Market Revenue and Forecast, by Vehicle Type
16.3.10.3. Market Revenue and Forecast, by Propulsion
16.3.10.4. Market Revenue and Forecast, by Li-ion Battery Component
16.3.10.5. Market Revenue and Forecast, by End-use
16.3.10.6. Market Revenue and Forecast, by Capacity
16.3.10.7. Market Revenue and Forecast, by Method
16.3.10.8. Market Revenue and Forecast, by Battery Form
16.3.10.9. Market Revenue and Forecast, by Material Type
16.3.11. China
16.3.11.1. Market Revenue and Forecast, by Battery Type
16.3.11.2. Market Revenue and Forecast, by Vehicle Type
16.3.11.3. Market Revenue and Forecast, by Propulsion
16.3.11.4. Market Revenue and Forecast, by Li-ion Battery Component
16.3.11.5. Market Revenue and Forecast, by End-use
16.3.11.6. Market Revenue and Forecast, by Capacity
16.3.11.7. Market Revenue and Forecast, by Method
16.3.11.8. Market Revenue and Forecast, by Battery Form
16.3.11.9. Market Revenue and Forecast, by Material Type
16.3.12. Japan
16.3.12.1. Market Revenue and Forecast, by Battery Type
16.3.12.2. Market Revenue and Forecast, by Vehicle Type
16.3.12.3. Market Revenue and Forecast, by Propulsion
16.3.12.4. Market Revenue and Forecast, by Li-ion Battery Component
16.3.12.5. Market Revenue and Forecast, by End-use
16.3.12.6. Market Revenue and Forecast, by Capacity
16.3.12.7. Market Revenue and Forecast, by Method
16.3.12.8. Market Revenue and Forecast, by Battery Form
16.3.12.9. Market Revenue and Forecast, by Material Type
16.3.13. Rest of APAC
16.3.13.1. Market Revenue and Forecast, by Battery Type
16.3.13.2. Market Revenue and Forecast, by Vehicle Type
16.3.13.3. Market Revenue and Forecast, by Propulsion
16.3.13.4. Market Revenue and Forecast, by Li-ion Battery Component
16.3.13.5. Market Revenue and Forecast, by End-use
16.3.13.6. Market Revenue and Forecast, by Capacity
16.3.13.7. Market Revenue and Forecast, by Method
16.3.13.8. Market Revenue and Forecast, by Battery Form
16.3.13.9. Market Revenue and Forecast, by Material Type
16.4. MEA
16.4.1. Market Revenue and Forecast, by Battery Type
16.4.2. Market Revenue and Forecast, by Vehicle Type
16.4.3. Market Revenue and Forecast, by Propulsion
16.4.4. Market Revenue and Forecast, by Li-ion Battery Component
16.4.5. Market Revenue and Forecast, by End-use
16.4.6. Market Revenue and Forecast, by Capacity
16.4.7. Market Revenue and Forecast, by Method
16.4.8. Market Revenue and Forecast, by Battery Form
16.4.9. Market Revenue and Forecast, by Material Type
16.4.10. GCC
16.4.10.1. Market Revenue and Forecast, by Battery Type
16.4.10.2. Market Revenue and Forecast, by Vehicle Type
16.4.10.3. Market Revenue and Forecast, by Propulsion
16.4.10.4. Market Revenue and Forecast, by Li-ion Battery Component
16.4.10.5. Market Revenue and Forecast, by End-use
16.4.10.6. Market Revenue and Forecast, by Capacity
16.4.10.7. Market Revenue and Forecast, by Method
16.4.10.8. Market Revenue and Forecast, by Battery Form
16.4.10.9. Market Revenue and Forecast, by Material Type
16.4.11. North Africa
16.4.11.1. Market Revenue and Forecast, by Battery Type
16.4.11.2. Market Revenue and Forecast, by Vehicle Type
16.4.11.3. Market Revenue and Forecast, by Propulsion
16.4.11.4. Market Revenue and Forecast, by Li-ion Battery Component
16.4.11.5. Market Revenue and Forecast, by End-use
16.4.11.6. Market Revenue and Forecast, by Capacity
16.4.11.7. Market Revenue and Forecast, by Method
16.4.11.8. Market Revenue and Forecast, by Battery Form
16.4.11.9. Market Revenue and Forecast, by Material Type
16.4.12. South Africa
16.4.12.1. Market Revenue and Forecast, by Battery Type
16.4.12.2. Market Revenue and Forecast, by Vehicle Type
16.4.12.3. Market Revenue and Forecast, by Propulsion
16.4.12.4. Market Revenue and Forecast, by Li-ion Battery Component
16.4.12.5. Market Revenue and Forecast, by End-use
16.4.12.6. Market Revenue and Forecast, by Capacity
16.4.12.7. Market Revenue and Forecast, by Method
16.4.12.8. Market Revenue and Forecast, by Battery Form
16.4.12.9. Market Revenue and Forecast, by Material Type
16.4.13. Rest of MEA
16.4.13.1. Market Revenue and Forecast, by Battery Type
16.4.13.2. Market Revenue and Forecast, by Vehicle Type
16.4.13.3. Market Revenue and Forecast, by Propulsion
16.4.13.4. Market Revenue and Forecast, by Li-ion Battery Component
16.4.13.5. Market Revenue and Forecast, by End-use
16.4.13.6. Market Revenue and Forecast, by Capacity
16.4.13.7. Market Revenue and Forecast, by Method
16.4.13.8. Market Revenue and Forecast, by Battery Form
16.4.13.9. Market Revenue and Forecast, by Material Type
16.5. Latin America
16.5.1. Market Revenue and Forecast, by Battery Type
16.5.2. Market Revenue and Forecast, by Vehicle Type
16.5.3. Market Revenue and Forecast, by Propulsion
16.5.4. Market Revenue and Forecast, by Li-ion Battery Component
16.5.5. Market Revenue and Forecast, by End-use
16.5.6. Market Revenue and Forecast, by Capacity
16.5.7. Market Revenue and Forecast, by Method
16.5.8. Market Revenue and Forecast, by Battery Form
16.5.9. Market Revenue and Forecast, by Material Type
16.5.10. Brazil
16.5.10.1. Market Revenue and Forecast, by Battery Type
16.5.10.2. Market Revenue and Forecast, by Vehicle Type
16.5.10.3. Market Revenue and Forecast, by Propulsion
16.5.10.4. Market Revenue and Forecast, by Li-ion Battery Component
16.5.10.5. Market Revenue and Forecast, by End-use
16.5.10.6. Market Revenue and Forecast, by Capacity
16.5.10.7. Market Revenue and Forecast, by Method
16.5.10.8. Market Revenue and Forecast, by Battery Form
16.5.10.9. Market Revenue and Forecast, by Material Type
16.5.11. Rest of LATAM
16.5.11.1. Market Revenue and Forecast, by Battery Type
16.5.11.2. Market Revenue and Forecast, by Vehicle Type
16.5.11.3. Market Revenue and Forecast, by Propulsion
16.5.11.4. Market Revenue and Forecast, by Li-ion Battery Component
16.5.11.5. Market Revenue and Forecast, by End-use
16.5.11.6. Market Revenue and Forecast, by Capacity
16.5.11.7. Market Revenue and Forecast, by Method
16.5.11.8. Market Revenue and Forecast, by Battery Form
16.5.11.9. Market Revenue and Forecast, by Material Type
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
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