Global Automotive Lithium-Ion Market

Automotive Lithium-Ion Battery Market Size, Share, Growth Analysis, By Power Capacity(5-25 Wh, 48-95 Wh, 18-28 KWh, 100-250 KWh), By Application(Consumer Electronics, Automotive, Industrial), By Battery Type(Lead Acid, Lithium-ion, and others), By Vehicle Type(Passenger cars and commercial vehicles), By Engine Type(IC engine and electric vehicle), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25A2212 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 142 | Figures: 78

Automotive Lithium-Ion Battery Market Competitive Landscape

The global automotive Lithium-Ion battery market is fairly concentrated, with a few big and medium-sized market participants accounting for a significant portion of market revenue. Manufacturers and suppliers of raw materials are essential to the market. Joint ventures and mergers and acquisitions are two of the main tactics used by market companies to increase their market share. For instance, in March 2022, Exide Technologies operates in China through its joint venture with Shenyang Dongbei Storage Battery Co. This helps in the mass production of automotive batteries in the market.

Automotive Lithium-Ion Battery Market Top Players Company Profiles

  • Johnson Controls
  • Toshiba Corporation
  • A123 Systems LLC
  • Panasonic Corporation
  • LG Chem Ltd.
  • Contemporary Amperex Technology Co. Limited (CATL)
  • Samsung SDI Co. Ltd.
  • BYD Co. Ltd.
  • SAFT Groupe SA
  • Hitachi Chemical Co., Ltd.
  • Automotive Energy Supply Corporation (AESC)
  • GS Yuasa Corporation
  • Mitsubishi Electric Corporation
  • Ener1, Inc.
  • Valence Technology, Inc.
  • Lithium Werks B.V.
  • Electrovaya Inc.
  • Envision AESC Group Limited
  • Targray Technology International Inc.
  • BMZ GmbH

Automotive Lithium-Ion Battery Market

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Automotive Lithium-Ion Battery Market size was valued at USD 40.53 billion in 2019 and is poised to grow from USD 48.19 billion in 2023 to USD 228.87 billion by 2031, growing at a CAGR of 18.9% in the forecast period (2024-2031).

The automotive Lithium-Ion battery market is fairly concentrated, with a few big and medium-sized market participants accounting for a significant portion of market revenue. Manufacturers and suppliers of raw materials are essential to the market. Joint ventures and mergers and acquisitions are two of the main tactics used by market companies to increase their market share. For instance, in March 2022, Exide Technologies operates in China through its joint venture with Shenyang Dongbei Storage Battery Co. This helps in the mass production of automotive batteries in the market. 'Johnson Controls', 'Toshiba Corporation', 'A123 Systems LLC', 'Panasonic Corporation', 'LG Chem Ltd.', 'Contemporary Amperex Technology Co. Limited (CATL)', 'Samsung SDI Co. Ltd.', 'BYD Co. Ltd.', 'SAFT Groupe SA', 'Hitachi Chemical Co., Ltd.', 'Automotive Energy Supply Corporation (AESC)', 'GS Yuasa Corporation', 'Mitsubishi Electric Corporation', 'Ener1, Inc.', 'Valence Technology, Inc.', 'Lithium Werks B.V.', 'Electrovaya Inc.', 'Envision AESC Group Limited', 'Targray Technology International Inc.', 'BMZ GmbH'

Rise in demand for plug-in vehicles, to boost automotive Lithium-Ion battery market

A rise in acceptance and awareness among individuals of battery-run vehicles is expected to project market growth. EV manufacturers such as Daimler AG, Ford motors company, and Renault group of companies are rapidly increasing investments in the EV car segment to at cart more buyers. As Ford Motors company had invested about USD 300 Million for a Giga factory for increasing the production capacity of an electric vehicle. This in return increases competition and will entice employment of automotive lithium-ion batteries.

In 2021, the Asia Pacific region dominated the automotive Lithium-Ion battery market, accounting for a sizable revenue share. China has banned traditional fossil fuel-powered scooters from all of its major cities in an effort to reduce pollution, which has raised the country's e-scooter sales. As Asia Pacific has grown as a key manufacturing hub, the use of tools powered by lithium-ion batteries has increased. The region also has the most population in the entire world. As a result, consumer electronics that rely on lithium-ion batteries to work, such as mobile phones and laptop computers, are selling well throughout the Asia Pacific area. The rising market for electric vehicles in Asia Pacific countries such as China and India are one of the primary factors driving up demand for lithium-ion batteries.

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Global Automotive Lithium-Ion Market

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