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Battery Market by Transport, Size, Global Forecast 2022-2027, Industry Trends, Share, Growth, Impact of COVID-19, Opportunity Company Analysis

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  • 105 Pages
  • January 2022
  • Region: Global
  • Renub Research
  • ID: 5521672
Transport batteries are rechargeable batteries that supply automobiles with automotive SLI (starting, lighting and ignition) systems. In addition, transportation batteries also provide power to automobile accessories such as radio, music players, air conditioners, wipers and charging plugs. The transportation battery also serves as a voltage stabilizer by absorbing abnormal transient voltages in-vehicle electrical system. According to the estimates, Global Battery Market by Transport is estimated to reach US$ 146.23 Billion by 2027.

Key Market Drivers Existing in Global Battery Market by Transport:

The accelerated urbanization in developing countries and advanced economies is deemed one of the prime drivers of infrastructure spending over the estimated period, which is anticipated to sustain the demand for the transportation battery industry. Incorporating developments in urban rail infrastructure also encourages the global demand for energy storage systems and consequently is expected to propel the demand for transportation batteries worldwide. The transportation Battery Market has been growing faster with substantial growth rates over the last few years, and it is estimated that the market will grow significantly at a CAGR of 9.2% in the forecasted period, i.e. 2021 to 2027.

Lithium-Ion Batteries Observes the Fastest Growth:

Our Global Battery Market by Transport report provides a holistic evaluation of the market. Based on the battery type, the automotive battery market is broadly categorized into four different market segments: lithium-ion-based, lead-acid-based, Nickel-based, and Sodium-ion. As per the analysis, the market for lithium-ion batteries is anticipated to observe the fastest growth during the forecast period. A lithium-ion battery is equipped for applications, which demand high-energy density solutions such as hybrid and electric automobiles. The automotive lithium-ion battery has emerged as an eco-friendly, rechargeable power source compared to conventional batteries such as lead-acid and nickel-metal hydride batteries.

COVID-19 Impact on Global Battery Market:

The automotive industry, which is the primary end-user of the batteries for various purposes, has been severely affected due to the nationwide lockdowns - further limiting the growth prospects for the transportation battery market. Besides, the cost of transportation batteries used in the automotive has also expanded due to the impact of COVID-19, which has emerged in logistical difficulties and an increase in the production cost as a result of the outbreak. Global Battery Market by Transport was valued at US$ 86.24 Billion in 2021.

The World Will Be Dominated by Automotive:

Around the world, transportation batteries provide high energy density and a longer lifecycle for vehicle types such as Automotive batteries, E-bikes, Marine and Forklift. In numerous vehicle types, transportation batteries are majorly utilized because of discharge hours and extended lifecycle, which enhance the use of these batteries for next-generation vehicles. Further, batteries and carmakers are spending billions of dollars on reducing the costs of manufacturing and recycling batteries. the analysis anticipates that automotive will dominate the world in the coming years with the growing middle class and a young population.

Regional Outlook: China as a global hub of Automobile Battery Industry

In the report, the Global Transportation battery market is expected to witness moderate but steady growth in the coming years. The Asia Pacific is the largest automotive battery market, followed by Europe, the Americas and the Middle East and Africa. The growth rate is highest in the Asia Pacific and is expected to be even higher during the forecasted period. Such a high growth rate is attributed to the emergence of China as a global hub for the automobile industry and increasing demands for vehicles from some of the other Asian countries such as India, Indonesia, Malaysia, Thailand and the Philippines. The expanding market in these countries is attributed to the growing infrastructure and rising disposable income of the middle class.

This latest report “Battery Market by Transport, Global Forecast By Battery Type (Lithium-ion Based, Lead-acid Based, Nickel-Based, Sodium-ion and Others), Vehicle Type (Automotive Battery, E-bikes, Marine and Forklift), Region (Americas, Asia-Pacific, Europe and Middle East and Africa), Company (BYD Company Ltd., Samsung SDI Company Limited, GS Yuasa Corporation, Johnsons Controls Inc. and Exide Technologies)” provides a detailed analysis of Battery Market by Transport Industry.

Battery Type - Battery Market by Transport has been covered from 5 viewpoints:

1. Lithium-ion Based
2. Lead-acid Based
3. Nickel-Based
4. Sodium-ion
5. Others

Vehicle Type - Battery Market by Transporthas been covered from 4 viewpoints:

1. Automotive Battery
2. E-bikes
3. Marine
4. Forklift

Region - Battery Market by Transport has been covered from 4 viewpoints:

1. Americas
2. Asia-Pacific
3. Europe
4. Middle East and Africa

Company Insights:

  • Overview
  • Recent Development & Strategies
  • Financial Insights

Companies Covered:

1. BYD Company Ltd.
2. Samsung SDI Company Limited
3. GS Yuasa Corporation
4. Johnsons Controls Inc.
5. Exide Technologies

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Battery Market by Transport
6. Market Share - Battery Market by Transport
6.1 By Battery Type
6.2 By Vehicle Type
6.3 By Region
7. Battery Type - Battery Market by Transport
7.1 Lithium-ion Based
7.2 Lead-acid Based
7.3 Nickel-Based
7.4 Sodium-ion
7.5 Others
8. Vehicle Type - Battery Market by Transport
8.1 Automotive Battery
8.2 E-bikes
8.3 Marine
8.4 Forklift
9. Region - Battery Market by Transport
9.1 Americas
9.2 Asia-Pacific
9.3 Europe
9.4 Middle East and Africa
10. Porters Five Forces
10.1 Overview
10.2 Bargaining Power of Buyers
10.3 Bargaining Power of Suppliers
10.4 Degree of Competition
10.5 Threat of New Entrants
10.6 Threat of Substitutes
11. Company Analysis
11.1 BYD Company Ltd.
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Financial Insights
11.2 Samsung SDI Company Limited
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Financial Insights
11.3 GS Yuasa Corporation
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Financial Insights
11.4 Johnsons Controls Inc.
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Financial Insights
11.5 Exide Technologies
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Financial Insights
List of Figures:
Figure-01: Global Battery Market by Transport (Billion US$), 2018 - 2021
Figure-02: Global - Forecast for Battery Market by Transport (Billion US$), 2022 - 2027
Figure-03: Battery Type - Lithium-ion Based Market (Billion US$), 2018 - 2021
Figure-04: Battery Type - Forecast for Lithium-ion Based Market (Billion US$), 2022 - 2027
Figure-05: Battery Type - Lead-acid Based Market (Billion US$), 2018 - 2021
Figure-06: Battery Type - Forecast for Lead-acid Based Market (Billion US$), 2022 - 2027
Figure-07: Battery Type - Nickel-Based Market (Billion US$), 2018 - 2021
Figure-08: Battery Type - Forecast for Nickel-Based Market (Billion US$), 2022 - 2027
Figure-09: Battery Type - Sodium-ion Market (Billion US$), 2018 - 2021
Figure-10: Battery Type - Forecast for Sodium-ion Market (Billion US$), 2022 - 2027
Figure-11: Battery Type - Others Market (Billion US$), 2018 - 2021
Figure-12: Battery Type - Forecast for Others Market (Billion US$), 2022 - 2027
Figure-13: Vehicle Type - Automotive Battery Market (Billion US$), 2018 - 2021
Figure-14: Vehicle Type - Forecast for Automotive Battery Market (Billion US$), 2022 - 2027
Figure-15: Vehicle Type - E-bikes Market (Billion US$), 2018 - 2021
Figure-16: Vehicle Type - Forecast for E-bikes Market (Billion US$), 2022 - 2027
Figure-17: Vehicle Type - Marine Market (Billion US$), 2018 - 2021
Figure-18: Vehicle Type - Forecast for Marine Market (Billion US$), 2022 - 2027
Figure-19: Vehicle Type - Forklift Market (Billion US$), 2018 - 2021
Figure-20: Vehicle Type - Forecast for Forklift Market (Billion US$), 2022 - 2027
Figure-21: Americas - Battery Market by Transport (Billion US$), 2018 - 2021
Figure-22: Americas - Forecast for Battery Market by Transport (Billion US$), 2022 - 2027
Figure-23: Asia-Pacific - Battery Market by Transport (Billion US$), 2018 - 2021
Figure-24: Asia-Pacific - Forecast for Battery Market by Transport (Billion US$), 2022 - 2027
Figure-25: Europe - Battery Market by Transport (Billion US$), 2018 - 2021
Figure-26: Europe - Forecast for Battery Market by Transport (Billion US$), 2022 - 2027
Figure-27: Middle East and Africa - Battery Market by Transport (Billion US$), 2018 - 2021
Figure-28: Middle East and Africa - Forecast for Battery Market by Transport (Billion US$), 2022 - 2027
Figure-29: BYD Company Ltd. - Global Revenue Market (Billion US$), 2018 - 2021
Figure-30: BYD Company Ltd. - Forecast for Global Revenue Market (Billion US$), 2022 - 2027
Figure-31: Samsung SDI Company Limited - Global Revenue Market (Billion US$), 2018 - 2021
Figure-32: Samsung SDI Company Limited - Forecast for Global Revenue Market (Billion US$), 2022 - 2027
Figure-33: GS Yuasa Corporation - Global Revenue Market (Billion US$), 2018 - 2021
Figure-34: GS Yuasa Corporation - Forecast for Global Revenue Market (Billion US$), 2022 - 2027
Figure-35: Johnsons Controls Inc. - Global Revenue Market (Billion US$), 2018 - 2021
Figure-36: Johnsons Controls Inc. - Forecast for Global Revenue Market (Billion US$), 2022 - 2027
Figure-37: Exide Technologies - Global Revenue Market (Billion US$), 2018 - 2021
Figure-38: Exide Technologies - Forecast for Global Revenue Market (Billion US$), 2022 - 2027
List of Tables:
Table-01: Global - Battery for Transport Market Share by Type (Percent), 2018 - 2021
Table-02: Global - Forecast for Battery for Transport Market Share by Type (Percent), 2022 - 2027
Table-03: Global - Battery for Transport Market Share by Vehicle Type (Percent), 2018 - 2021
Table-04: Global - Forecast for Battery for Transport Market Share by Vehicle Type (Percent), 2022 - 2027
Table-05: Global - Battery for Transport Market Share by by Region (Percent), 2018 - 2021
Table-06: Global - Forecast for Battery for Transport Market Share by by Region (Percent), 2022 - 2027

Companies Mentioned

  • BYD Company Ltd.
  • Samsung SDI Company Limited
  • GS Yuasa Corporation
  • Johnsons Controls Inc.
  • Exide Technologies


In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts


Table Information