Global Automotive Lithium-Ion Battery Market Growth 2023-2029

Global Automotive Lithium-Ion Battery Market Growth 2023-2029

Lithium ion (Li-ion) batteries are commonly used type of rechargeable batteries with twice the energy density of Nickel-Cadmium batteries and greater stability and safety. Lithium (Li) is the lightest of all metals, has the greatest electrochemical potential, and provides the largest energy density for weight.

LPI (LP Information)' newest research report, the “Automotive Lithium-Ion Battery Industry Forecast” looks at past sales and reviews total world Automotive Lithium-Ion Battery sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Lithium-Ion Battery sales for 2023 through 2029. With Automotive Lithium-Ion Battery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Lithium-Ion Battery industry.

This Insight Report provides a comprehensive analysis of the global Automotive Lithium-Ion Battery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Lithium-Ion Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Lithium-Ion Battery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Lithium-Ion Battery and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Lithium-Ion Battery.

The global Automotive Lithium-Ion Battery market size is projected to grow from US$ 21860 million in 2022 to US$ 40880 million in 2029; it is expected to grow at a CAGR of 40880 from 2023 to 2029.

North America is the largest automotive Li-ion battery market, which is then followed by Europe and Asia Pacific. Asia Pacific, at present, leads the global market for lithium-ion batteries, accounting for maximum market share of overall market in 2016. This region is also estimated to expand at a significant pace in terms of demand and sales during the course of the forecast period. By value, the Asia Pacific’s lithium-ion battery market will register a significant CAGR from 2017 to 2025. The high growth rate is attributed to the emergence of China as a global hub for automobile industry and increasing demands of vehicles from some of the other Asian countries such as India, Indonesia, Malaysia, Thailand, and Philippines.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Lithium-Ion Battery market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Lithium Manganate
Lithium Iron Phosphate
Other

Segmentation by application
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
LG Chem
BYD
Panasonic
AESC
CATL
Guoxuan High-Tech
Samsung SDI
Lishen
CBAK
CALB
LEJ
Wanxiang
Automotive Energy Supply

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Lithium-Ion Battery market?

What factors are driving Automotive Lithium-Ion Battery market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Lithium-Ion Battery market opportunities vary by end market size?

How does Automotive Lithium-Ion Battery break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.