Global Traction Battery Market Growth (Status and Outlook) 2025-2031

Global Traction Battery Market Growth (Status and Outlook) 2025-2031

The global Traction Battery market size is predicted to grow from US$ 54580 million in 2025 to US$ 124490 million in 2031; it is expected to grow at a CAGR of 14.7% from 2025 to 2031.

Traction batteries, also known as electric vehicle batteries (EVB), are used to power electric or hybrid vehicles.

The top 3 players held about 31% of the market share, in terms of the globle traction battery revenue in 2018.

LPI (LP Information)' newest research report, the “Traction Battery Industry Forecast” looks at past sales and reviews total world Traction Battery sales in 2024, providing a comprehensive analysis by region and market sector of projected Traction Battery sales for 2025 through 2031. 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 analyses 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.

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.

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