Global Traction Battery Market Growth (Status and Outlook) 2023-2029

Global Traction Battery Market Growth (Status and Outlook) 2023-2029

Traction batteries, also known as electric vehicle batteries (EVB), are used to power electric or hybrid vehicles.
LPI (LP Information)' newest research report, the “Traction Battery Industry Forecast” looks at past sales and reviews total world Traction Battery sales in 2022, providing a comprehensive analysis by region and market sector of projected Traction Battery sales for 2023 through 2029. With Traction Battery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Traction Battery industry.
This Insight Report provides a comprehensive analysis of the global Traction 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 Traction Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Traction Battery market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Traction 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 Traction Battery.
The global Traction Battery market size is projected to grow from US$ 41940 million in 2022 to US$ 109740 million in 2029; it is expected to grow at a CAGR of 14.7% from 2023 to 2029.
The top 3 players held about 31% of the market share, in terms of the globle traction battery revenue in 2018.
This report presents a comprehensive overview, market shares, and growth opportunities of Traction Battery market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Open Lead Acid Battery
Pure Lead Battery
Gel Battery
Lithium-Ion Battery
Segmentation by application
Industrial Vehicles
Recreational Vehicles
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.
Panasonic
Contemporary Amperex Technology Limited (CATL)
LG Chem
BYD
GS Yuasa
Gotion, Inc.
CSICP
Lishen
East Penn Manufacturing
Clarios
Enersys

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