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2021
Traction Battery Market

Traction Battery Market by Product Type (Lead Acid Based, Nickel Based, Lithium-Ion Based, and Others), Capacity (Less than 100 Ah, 100-200 Ah, 200-300 Ah, 300-400 Ah, and 400 Ah & Above) and Application (Electric Vehicle (EV), Industrial, Locomotives, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13930
Pages: 230
Oct 2021 | 482 Views
   
Author(s) : Nikhil Mittal , Eswara Prasad
Tables: 125
Charts: 69
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Traction Battery Market Overview - 2030

The global traction battery market size was valued at $31.6 billion in 2020, and is projected to reach $69.2 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Traction battery is a type of electric vehicle battery that is designed to hold high ampere-hour capacity. Lead acid traction battery is mainly used in applications such as forklift trucks, locomotives, and mechanical handling equipment. 

The traction battery market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on automotive, railways, and industrial sectors. According to a report published by the International Energy Agency, the global road transport activity was almost 50% below the average by the end of March 2020 as compared to March 2019.

The increasing awareness of environment-friendly vehicles and rising volatility in fuel prices have surged the demand for electric vehicles. For instance, according to a report published by International Energy Agency (IEA) Global EV Outlook 2020, the global sales of electric cars in 2019 topped 2.1 million, registering a growth of 40% year-on-year. Moreover, factors, such as electrification of the transport sector and rising investments, will stimulate the growth of electric vehicles. Traction batteries being used for powering electric motors of electric or hybrid vehicles have registered an impressive growth, owing to increasing demand for electric vehicles. This may act as one of the key drivers answerable for the traction battery market growth. Moreover, characteristics, such as recyclability, low-cost, and eco-friendly, are providing an additional push to the growth of the market in the electric vehicle segment, thereby augmenting the market growth.

Traction-Battery-Market-2021-2030

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However, the transportation sector contributes around 28% of the U.S. total carbon emissions. The government is constantly engaged in increasing awareness for electric vehicles to reduce emission levels. However, the development of charging infrastructure for electric vehicles is a significant setback in many countries, owing to lack of space, investments, electrification, and others. This factor is expected to restrain the growth of the traction battery market during the forecast period. 

On the contrary, the increasing demand for electric vehicles has surged the R&D activities for enhancing battery efficiencies by improving the charge cycle and reducing the unit consumption per charge. Moreover, the emergence of batteries with high energy density has increased the competition among the traction battery manufacturers for producing highly efficient traction batteries for electric and hybrid vehicles. All these factors are expected to offer future growth opportunities to the global traction battery market. 

The traction battery market analysis is done on the basis of product type, capacity, application, and region. On the basis of product type, the market is categorized into lead acid based, nickel based, lithium-ion based, and others. Based on capacity, the global traction battery market is segmented into less than 100 Ah, 100 – 200 Ah, 200 – 300 Ah, 300 – 400 Ah, and 400 Ah & above. The applications covered in the study include electrical vehicle, industrial, locomotives, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

The major companies profiled in this report include Exide Industries Ltd., ECOVOLTA, GS Yuasa International Ltd., HOPPECKE Carl Zoellner & Sohn GmbH, Banner Batteries (GB) Ltd., BAE Batteries GmbH, Toshiba Corporation, INTILION GmbH, Leoch International Technology Limited Inc., and Inci GS Yuasa.

The global market analysis covers in-depth information of the major traction battery industry participants.

Traction Battery Market, by Region

The Asia-Pacific traction battery market is projected to grow at a CAGR of 8.9% during the forecast period and accounted for 54.5% of traction battery market share in 2020. The growing demand for consumer products has surged the growth of the industrial manufacturing sectors in countries, such as China, India, and others, where traction battery is used for powering industrial machinery systems. This may propel the growth of the traction battery market in Asia-Pacific. In addition, the growing environmental concerns and increasing government initiatives have pushed the growth of electric vehicles where traction batteries are widely used to power electric motors. For instance, according to an article published by the Business Standard, India's electric vehicles sale is predicted to increase by 26% from 2020 to 2023. This is anticipated to increase the sales of traction battery among the electric vehicle segment, thereby creating lucrative opportunities for the market.

Traction Battery Market
By Region

2030
Apac 
North America
Europe
Lamea

Asia Pacific is the most lucrative region

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Traction Battery Market, by Product Type

In 2020, the lead acid based segment was the largest revenue generator and is anticipated to grow at a CAGR of 7.2% during the forecast period. The increasing population has surged the growth of the automotive & transportation sector where lead acid-based traction batteries are widely used to power road vehicles, locomotives, industrial forklift trucks, and others. For instance, according to a report published by the Indian Ministry of Commerce and Industry, the transport sector in India is expected to grow at a CAGR of 5.9%, thereby becoming one of the fastest-growing sectors. This may positively drive the growth of the traction battery market for lead-acid type.

Traction Battery Market
By Type

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Lithium-ion based is the fastest growing segment

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Traction Battery Market, by Capacity

In 2020, the less than 100 Ah segment was the largest revenue generator and is anticipated to grow at a CAGR of 8.5% during the forecast period. The proliferating demand for hybrid electric power devices in small-scale industries where traction battery with less than 100 Ah capacity is widely used for powering small industrial machinery systems may boost the market growth. Moreover, factors, such as increased lifespan and maximum charge cycles, make them highly suitable for use as a secondary rechargeable battery in non-plug-in hybrid cars such as Honda Civic hybrid, and others. This may propel the growth of the traction battery market for less than 100 Ah capacity.

Traction Battery Market
By Capacity

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Less than 100 Ah is the most lucrative segment

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Traction Battery Market, by Application

By application, the electrical vehicle segment acquired the top position of the global market in 2020 and is anticipated to grow at a CAGR of 8.5% during the forecast period. The rising concern associated with environmental pollution has surged the growth of electric vehicles where traction batteries are widely employed for powering electric motor of battery electric vehicles and hybrid electric vehicles. For instance, according to a report published by International Energy Agency's Global EV Outlook 2021, the global electric car stock hit the 10 million mark with 43% increase in 2019. 

Traction Battery Market
By End-use Sector

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Electric vehicle is the fastest growing segment

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Key benefits for stakeholders

  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current traction battery market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Global Traction Battery Market

  • The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. 
  • The traction battery market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on transportation, industrial manufacturing, and other sectors. According to a report published by the International Energy Agency, the global road transport activity was almost 50% below the average by the end of March 2020 as compared to March 2019. 
  • Several companies have either shut down or diminished their operations due to risk of infections among the workforce, which slowed the production rates of traction batteries during the COVID-19 period. In addition, the falling income of customers and travel restrictions imposed by both local and government bodies have decreased the sales of electric vehicles and e-bikes, which, in turn, led the traction battery market to witness a downfall in demand. 
  • Around 180 countries have temporarily stopped the trade of unnecessary products, which hampered the demand-supply chain of traction batteries amid the COVID-19 situation. In addition, the shutdown of both small and large-scale manufacturing industries during where traction battery is widely used to power automotive industry systems has led the market to witness a downfall in demand. According to a report published by the National Bureau of Statistics of China, the manufacturing industry witnessed 20% decline in production in March 2020 as compared to March 2019 while profits declined by 66%. 

Key Market Segments

By Product Type

  • Lead Acid based
  • Nickel based
  • Lithium-ion based
  • Others

By Capacity

  • Less than 100 Ah
  • 100 – 200 Ah
  • 200 Ah – 300 Ah
  • 300 – 400 Ah
  • 400 Ah & above

By Application

  • Electrical Vehicle (EV)
  • Battery Electrical Vehicles (BEV)
  • Plug-in Hybrid Electrical Vehicles (PHEV)
  • Hybrid Electric Vehicles (HEV)
  • Industrial
  • Forklift
  • Mechanical Handling Equipment
  • Others
  • Locomotives
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • South Korea
    • Australia
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research

1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter’s five forces analysis
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Escalating demand for electric vehicles
3.4.1.1.Attractive government policies and tax incentives

3.4.2.Restraint

3.4.2.1.Inadequate charging infrastructure

3.4.3.Opportunity

3.4.3.1.Enhanced battery capacity and reducing costs to open up new opportunities for the market

3.5.Value chain analysis
3.6.Impact of key regulations on the global traction battery market
3.7.Impact of COVID-19 on the global traction battery market
3.8.Patent analysis, 2012-2021

CHAPTER 4:TRACTION BATTERY MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Lead acid based

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.Nickel based

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country

4.4.Lithium-ion based

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market share analysis, by country

4.5.Others

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market share analysis, by country

CHAPTER 5:TRACTION BATTERY MARKET, BY CAPACITY

5.1.Overview

5.1.1.Market size and forecast, by capacity

5.2.Less than 100 Ah

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country

5.3.100-200 Ah

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country

5.4.200 Ah-300 Ah

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market share analysis, by country

5.5.300-400 Ah

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market share analysis, by country

5.6.400 Ah & above

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region

5.6.3.Market share analysis, by country

CHAPTER 6:TRACTION BATTERY MARKET, BY APPLICATION

6.1.Overview

6.1.1.Market size and forecast

6.2.Electrical vehicle (EV)

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country

6.4.Battery Electrical Vehicle (BEV)

6.4.1.Market size and forecast, by region
6.4.2.Market share analysis, by country

6.5.Plug-in hybrid electrical vehicle (PHEV)

6.5.1.Market size and forecast, by region
6.5.2.Market share analysis, by country

6.6.Hybrid electrical vehicle (HEV)

6.6.1.Market size and forecast, by region
6.6.2.Market share analysis, by country

6.7.Industrial

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region
6.7.3.Market share analysis, by country

6.8.Forklift

6.8.1.Market size and forecast, by region
6.8.2.Market share analysis, by country

6.9.Mechanical handling equipment

6.9.1.Market size and forecast, by region
6.9.2.Market share analysis, by country

6.10.Others

6.10.1.Market size and forecast, by region
6.10.2.Market share analysis, by country

6.11.Locomotives

6.11.1.Key market trends, growth factors, and opportunities
6.11.2.Market size and forecast, by region
6.11.3.Market share analysis, by country

6.12.Others

6.12.1.Key market trends, growth factors, and opportunities
6.12.2.Market size and forecast, by region
6.12.3.Market share analysis, by country

CHAPTER 7:TRACTION BATTERY MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by capacity
7.2.4.Market size and forecast, by application
7.2.5.Market share analysis, by country
7.2.6.U.S.

7.2.6.1.Market size and forecast, by type
7.2.6.2.Market size and forecast, by capacity
7.2.6.3.Market size and forecast, by application

7.2.7.Canada

7.2.7.1.Market size and forecast, by type
7.2.7.2.Market size and forecast, by capacity
7.2.7.3.Market size and forecast, by application

7.2.8.Mexico

7.2.8.1.Market size and forecast, by type
7.2.8.2.Market size and forecast, by capacity
7.2.8.3.Market size and forecast, by application

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by capacity
7.3.4.Market size and forecast, by application
7.3.5.Market size and forecast, by country
7.3.6.Germany

7.3.6.1.Market size and forecast, by type
7.3.6.2.Market size and forecast, by capacity
7.3.6.3.Market size and forecast, by application

7.3.7.UK

7.3.7.1.Market size and forecast, by type
7.3.7.2.Market size and forecast, by capacity
7.3.7.3.Market size and forecast, by application

7.3.8.France

7.3.8.1.Market size and forecast, by type
7.3.8.2.Market size and forecast, by capacity
7.3.8.3.Market size and forecast, by application

7.3.9.Italy

7.3.9.1.Market size and forecast, by type
7.3.9.2.Market size and forecast, by capacity
7.3.9.3.Market size and forecast, by application

7.3.10.Spain

7.3.10.1.Market size and forecast, by type
7.3.10.2.Market size and forecast, by capacity
7.3.10.3.Market size and forecast, by application

7.3.11.Rest of Europe

7.3.11.1.Market size and forecast, by type
7.3.11.2.Market size and forecast, by capacity
7.3.11.3.Market size and forecast, by application

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by capacity
7.4.4.Market size and forecast, by application
7.4.5.Market size and forecast, by country
7.4.6.China

7.4.6.1.Market size and forecast, by type
7.4.6.2.Market size and forecast, by capacity
7.4.6.3.Market size and forecast, by application

7.4.7.Japan

7.4.7.1.Market size and forecast, by type
7.4.7.2.Market size and forecast, by capacity
7.4.7.3.Market size and forecast, by application

7.4.8.India

7.4.8.1.Market size and forecast, by type
7.4.8.2.Market size and forecast, by capacity

7.4.8.3.Market size and forecast, by application

7.4.9.Australia

7.4.9.1.Market size and forecast, by type
7.4.9.2.Market size and forecast, by capacity
7.4.9.3.Market size and forecast, by application

7.4.10.South Korea

7.4.10.1.Market size and forecast, by type
7.4.10.2.Market size and forecast, by capacity
7.4.10.3.Market size and forecast, by application

7.4.11.Rest of Asia-Pacific

7.4.11.1.Market size and forecast, by type
7.4.11.2.Market size and forecast, by capacity
7.4.11.3.Market size and forecast, by application

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by capacity
7.5.4.Market size and forecast, by application
7.5.5.Market size and forecast, by country
7.5.6.Brazil

7.5.6.1.Market size and forecast, by type
7.5.6.2.Market size and forecast, by capacity
7.5.6.3.Market size and forecast, by application

7.5.7.Saudi Arabia

7.5.7.1.Market size and forecast, by type
7.5.7.2.Market size and forecast, by capacity
7.5.7.3.Market size and forecast, by application

7.5.8.South Africa

7.5.8.1.Market size and forecast, by type
7.5.8.2.Market size and forecast, by capacity
7.5.8.3.Market size and forecast, by application

7.5.9.Rest of LAMEA

7.5.9.1.Market size and forecast, by type
7.5.9.2.Market size and forecast, by capacity
7.5.9.3.Market size and forecast, by application

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.INTRODUCTION

8.1.1.MARKET PLAYER POSITIONING, 2020

8.2.PRODUCT MAPPING OF TOP 10 PLAYER
8.3.COMPETITIVE DASHBOARD
8.4.COMPETITIVE HEATMAP

CHAPTER 9:COMPANY PROFILES:

9.1.BAE Batteries GmbH

9.1.1.Company overview
9.1.2.Company snapshot
9.1.3.Product portfolio

9.2.Banner Batteries (GB) Ltd.

9.2.1.Company overview
9.2.2.Company snapshot
9.2.3.Product portfolio

9.3.ECOVOLTA

9.3.1.Company overview
9.3.2.Company snapshot
9.3.3.Product portfolio

9.4.Exide Industries Ltd.

9.4.1.Company overview
9.4.2.Company snapshot
9.4.3.Operating business segments
9.4.4.Product portfolio
9.4.5.Business performance

9.5.GS Yuasa International Ltd.

9.5.1.Company overview
9.5.2.Company snapshot
9.5.3.Operating business segments
9.5.4.Product portfolio
9.5.5.Business performance

9.6.HOPPECKE Carl Zoellner & Sohn GmbH

9.6.1.Company overview
9.6.2.Company snapshot
9.6.3.Product portfolio

9.7.Inci Aku

9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Product Portfolio

9.8.INTILION GmbH

9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Product portfolio

9.9.Leoch International Technology Limited Inc

9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Operating business segments
9.9.4.Product portfolio
9.9.5.Business performance

9.10.Toshiba Corporation

9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Operating business segments
9.10.4.Product portfolio
9.10.5.Business performance

LIST OF TABLES

TABLE 01.GLOBAL TRACTION BATTERY MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 02.TRACTION BATTERY MARKET FOR LEAD ACID BASED TYPE, BY REGION, 2020–2030 ($MILLION)
TABLE 03.TRACTION BATTERY MARKET FOR NICKEL BASED TYPE, BY REGION, 2020–2030 ($MILLION)
TABLE 04.TRACTION BATTERY MARKET FOR LITHIUM-ION BASED TYPE, BY REGION, 2020–2030 ($MILLION)
TABLE 05.TRACTION BATTERY MARKET FOR OTHERS TYPE, BY REGION, 2020–2030 ($MILLION)
TABLE 06.TRACTION BATTERY MARKET, BY CAPACITY, 2020-2030 ($MILLION)
TABLE 07.TRACTION BATTERY MARKET FOR LESS THAN 100 AH, BY REGION, 2020–2030 ($MILLION)
TABLE 08.TRACTION BATTERY MARKET FOR 100-200 AH, BY REGION, 2020–2030 ($MILLION)
TABLE 09.TRACTION BATTERY MARKET FOR 200 AH-300 AH, BY REGION, 2020–2030 ($MILLION)
TABLE 10.TRACTION BATTERY MARKET FOR 300-400 AH, BY REGION, 2020–2030 ($MILLION)
TABLE 11.TRACTION BATTERY MARKET FOR 400 AH & ABOVE, BY REGION, 2020–2030 ($MILLION)
TABLE 12.GLOBAL TRACTION BATTERY MARKET, BY CAPACITY, 2020-2030 ($MILLION)
TABLE 13.TRACTION BATTERY MARKET FOR ELECTRICAL VEHICLE (EV), BY REGION, 2020–2030 ($MILLION)
TABLE 14.TRACTION BATTERY MARKET FOR BATTERY ELECTRICAL VEHICLE (BEV), BY REGION, 2020–2030 ($MILLION)
TABLE 15.TRACTION BATTERY MARKET FOR PLUG-IN HYBRID ELECTRICAL VEHICLE (PHEV), BY REGION, 2020–2030 ($MILLION)
TABLE 16.TRACTION BATTERY MARKET FOR HYBRID ELECTRICAL VEHICLE (HEV), BY REGION, 2020–2030 ($MILLION)
TABLE 17.TRACTION BATTERY MARKET FOR INDUSTRIAL, BY REGION, 2020–2030 ($MILLION)
TABLE 18.TRACTION BATTERY MARKET FOR FORKLIFT, BY REGION, 2020–2030 ($MILLION)
TABLE 19.TRACTION BATTERY MARKET FOR MECHANICAL HANDLING EQUIPMENT, BY REGION, 2020–2030 ($MILLION)
TABLE 20.TRACTION BATTERY MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 21.TRACTION BATTERY MARKET FOR LOCOMOTIVES, BY REGION, 2020–2030 ($MILLION)
TABLE 22.TRACTION BATTERY MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 23.TRACTION BATTERY MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 24.NORTH AMERICA TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 25.NORTH AMERICA TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 26.NORTH AMERICA TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 27.NORTH AMERICA TRACTION BATTERY MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 28.U.S. TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 29.U.S. TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 30.U.S. TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 31.U.S. TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 (TON)
TABLE 32.CANADA TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 33.CANADA TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 34.CANADA TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 35.MEXICO TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 36.MEXICO TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 37.MEXICO TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 38.EUROPE TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 39.EUROPE TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 40.EUROPE TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 41.EUROPE TRACTION BATTERY MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 42.GERMANY TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 43.GERMANY TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 44.GERMANY TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 45.U.K. TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 46.U.K. TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 47.U.K. TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 48.FRANCE TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 49.FRANCE TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 50.FRANCE TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 51.ITALY TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 52.ITALY TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 53.ITALY TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 54.SPAIN TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 55.SPAIN TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 56.SPAIN TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 57.REST OF EUROPE OPTICALLY 3.4 CLEAR ADHESIVES MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 58.REST OF EUROPE TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 59.REST OF EUROPE TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 60.ASIA-PACIFIC TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 61.ASIA-PACIFIC TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 62.ASIA-PACIFIC TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 63.ASIA-PACIFIC TRACTION BATTERY MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 64.CHINA TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 65.CHINA TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 66.CHINA TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 67.JAPAN TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 68.JAPAN TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 69.JAPAN TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 70.INDIA TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 71.INDIA TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 72.INDIA TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 73.AUSTRALIA TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 74.AUSTRALIA TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 75.AUSTRALIA TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 76.SOUTH KOREA TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 77.SOUTH KOREA TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 78.SOUTH KOREA TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 79.REST OF ASIA-PACIFIC TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 80.REST OF ASIA-PACIFIC TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 81.REST OF ASIA-PACIFIC TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 82.LAMEA TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 83.LAMEA TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 84.LAMEA TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 85.LAMEA TRACTION BATTERY MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 86.BRAZIL TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 87.BRAZIL TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 88.BRAZIL TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 89.SAUDI ARABIA TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 90.SAUDI ARABIA TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 91.SAUDI ARABIA TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 92.SOUTH AFRICA TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 93.SOUTH AFRICA TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 94.SOUTH AFRICA TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 95.REST OF LAMEA TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 96.REST OF LAMEA TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILLION)
TABLE 97.REST OF LAMEA TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 98.BAE BATTERIES GMBH: COMPANY SNAPSHOT
TABLE 99.BAE BATTERIES GMBH: PRODUCT PORTFOLIO
TABLE 100.BANNER BATTERIES (GB) LTD.: COMPANY SNAPSHOT
TABLE 101.BANNER BATTERIES (GB) LTD.: PRODUCT PORTFOLIO
TABLE 102.ECOVOLTA: COMPANY SNAPSHOT
TABLE 103.ECOVOLTA: PRODUCT PORTFOLIO
TABLE 104.EXIDE INDUSTRIES LTD.: COMPANY SNAPSHOT
TABLE 105.EXIDE INDUSTRIES LTD.: OPERATING SEGMENTS
TABLE 106.EXIDE INDUSTRIES LTD.: PRODUCT PORTFOLIO
TABLE 107.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 108.GS YUASA INTERNATIONAL LTD.: COMPANY SNAPSHOT
TABLE 109.GS YUASA INTERNATIONAL LTD.: OPERATING SEGMENTS
TABLE 110.GS YUASA INTERNATIONAL LTD.: PRODUCT PORTFOLIO
TABLE 111.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 112.HOPPECKE CARL ZOELLNER & SOHN GMBH: COMPANY SNAPSHOT
TABLE 113.HOPPECKE CARL ZOELLNER & SOHN GMBH: PRODUCT PORTFOLIO
TABLE 114.INCI AKU:COMPANY SNAPSHOT
TABLE 115.INCI AKU: PRODUCT PORTFOLIO
TABLE 116.INTILLION GMBH: COMPANY SNAPSHOT
TABLE 117.INTILLION GMBH: PRODUCT PORTFOLIO
TABLE 118.LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: COMPANY SNAPSHOT
TABLE 119.LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: OPERATING SEGMENT
TABLE 120.LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: PRODUCT PORTFOLIO
TABLE 121.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 122.TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 123.TOSHIBA CORPORATION: OPERATING SEGMENTS
TABLE 124.TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 125.OVERALL FINANCIAL STATUS ($MILLION)

LIST OF FIGURES

FIGURE 01.GLOBAL TRACTION BATTERY MARKET SNAPSHOT
FIGURE 02.GLOBAL TRACTION BATTERY MARKET SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.MODERATE COMPETITIVE RIVALRY
FIGURE 09.GLOBAL TRACTION BATTERY MARKET DYNAMICS
FIGURE 10.VALUE CHAIN ANALYSIS
FIGURE 11.PATENT ANALYSIS, BY COUNTRY, 2021
FIGURE 12.PATENT ANALYSIS, BY APPLICANT, 2021
FIGURE 13.PATENT ANALYSIS, BY PUBLICATION DATE, 2012-2021
FIGURE 14.GLOBAL TRACTION BATTERY MARKET, BY TYPE, 2020–2030 ($MILLION)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR LEAD ACID BASED, BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR NICKEL BASED, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR LITHIUM-ION BASED, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.GLOBAL TRACTION BATTERY MARKET, BY CAPACITY, 2020–2030 ($MILILION)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR LESS THAN 100 AH, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR 100-200 AH, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR 200 AH-300 AH, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR 300-400 AH, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR 400 AH & ABOVE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.GLOBAL TRACTION BATTERY MARKET, BY APPLICATION, 2020–2030 ($MILLION)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR ELECTRICAL VEHICLE (EV), BY COUNTRY, 2020& 2030 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF BATTERY ELECTRICAL VEHICLE (BEV) TRACTION BATTERY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF PLUG-IN HYBRID ELECTRICAL VEHICLE (PHEV) TRACTION BATTERY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF HYBRID ELECTRICAL VEHICLE (HEV) TRACTION BATTERY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR INDUSTRIAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRACTION BATTERY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF MECHANICAL HANDLING EQUIPMENT TRACTION BATTERY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 33.COMPARATIVE SHARE ANALYSIS OF OTHERS TRACTION BATTERY MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 34.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR LOCOMOTIVES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 35.COMPARATIVE SHARE ANALYSIS OF TRACTION BATTERY MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 36.GLOBAL TRACTION BATTERY MARKET, BY REGION, 2020–2030 ($MILLION)
FIGURE 37.U.S. TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 38.CANADA TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 39.MEXICO TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 40.GERMANY TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 41.UK TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 42.FRANCE TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 43.ITALY TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 44.SPAIN TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 45.REST OF EUROPE TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 46.CHINA TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 47.JAPAN TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 48.INDIA TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 49.AUSTRALIA TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 50.SOUTH KOREA TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 51.REST OF ASIA-PACIFIC TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 52.BRAZIL TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 53.SAUDI ARABIA TRACTION BATTERY MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 54.SOUTH AFRICA TRACTION BATTERY MARKET REVENUE, 2020–2030($MILLION)
FIGURE 55.REST OF LAMEA MARKET REVENUE, 2020–2030($MILLION)
FIGURE 56.MARKET PLAYER POSITIONING, 2020
FIGURE 57.PRODUCT MAPPING OF TOP 10 PLAYERS (XX)
FIGURE 58.COMPETITIVE DASHBOARD
FIGURE 59.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 60.EXIDE INDUSTRIES LTD.: REVENUE, 2019-2021 ($MILLION)
FIGURE 61.EXIDE INDUSTRIES LTD.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 62.GS YUASA INTERNATIONAL LTD.: REVENUE, 2019-2021 ($MILLION)
FIGURE 63.GS YUASA INTERNATIONAL LTD.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 64.LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: NET SALES, 2018–2020 ($MILLION)
FIGURE 65.LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 66.LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 67.TOSHIBA CORPORATION: NET SALES, 2019–2021 ($MILLION)
FIGURE 68.TOSHIBA CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 69.TOSHIBA CORPORATION: REVENUE SHARE BY REGION, 2021 (%)

 
 

The global traction battery market is expected to exhibit high growth potential, owing to its use in battery electrical vehicles, hybrid electric vehicles, mechanical handling equipment, locomotives, and forklifts. The rising concern associated with environmental pollution has boosted the growth of electric vehicles where traction batteries are widely employed for powering electric motor of battery electric vehicles and hybrid electric vehicles. For instance, according to a report published by International Energy Agency's Global EV Outlook 2021, the global electric car stock hit the 10 million mark with 43% increase in 2019. This may act as one of the key drivers responsible for the growth of the traction battery market for electric vehicles. Furthermore, increasing fuel prices, owing to several geopolitical issues led the customers to become more linear toward purchasing electric vehicles, which, in turn, may provide an additional push to the growth of the traction battery market for electric vehicles. In addition, attractive government incentive provided on the purchase of electric vehicles is predicted to offer lucrative growth opportunities in the future.

The proliferating demand for hybrid electric power devices in small scale industries where traction battery with less than 100 Ah capacity is widely used for powering small industrial machinery systems may boost the market growth. Moreover, factors, such as increased lifespan and maximum charge cycles, make them highly suitable for use as a secondary rechargeable battery in non-plug-in hybrid cars. This may propel the growth of the traction battery market. In addition, traction battery with less than 100 Ah capacity offers easy swapping and removing, low price, less space requirement, and lightweight, making the key automotive manufacturers use small capacity traction batteries for reducing the overall weight of the vehicle, thereby improving the mileage. This is anticipated to increase the sales of less than 100 Ah traction batteries, thereby creating remunerative opportunities for the market.

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A. Product launch and acquisition are the key growth strategies of Traction Battery Market players.

A. Asia-Pacific region will provide more business opportunities for Traction Battery in future.

A. To get latest version of traction battery market report can be obtained on demand from the website.

A. By product type, the lead acid based segment holds the maximum share of the Traction Battery Market.

A. Electric vehicle are the potential customers of Traction Battery industry.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. Escalating demand for electric vehicles and attractive government policies & tax incentives are the driving factors. While, enhanced battery capacity and reducing cost are opportunities in the Traction Battery Market.

A. Exide Industries Ltd., ECOVOLTA, GS Yuasa International Ltd., HOPPECKE Carl Zoellner & Sohn GmbH, Banner Batteries (GB) Ltd., BAE Batteries GmbH, Toshiba Corporation, INTILION GmbH, Leoch International Technology Limited Inc., and Inci GS Yuasa are the leading global players in the Traction Battery Market.

A. the increasing demand for electric vehicles has surged the R&D activities for enhancing battery efficiencies by improving the charge cycle and reducing the unit consumption per charge. Moreover, the emergence of batteries with high energy density has increased the competition among the traction battery manufacturers for producing highly efficient traction batteries for electric and hybrid vehicles. It is the current trends will influence the Traction Battery Market in the next few years.

A. Battery Electrical Vehicles, plug-in hybrid electrical vehicles, and hybrid electrical vehicle applications are expected to drive the adoption of Traction Battery.

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