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Traction Battery Global Market Report 2022, By Product Type, Capacity, Application

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    Report

  • 175 Pages
  • February 2022
  • Region: Global
  • The Business Research Company
  • ID: 5548334
Traction Battery Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global traction battery market.



This report focuses on traction battery market which is experiencing strong growth.

The report gives a guide to the traction battery market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the traction battery? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Traction Battery market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
  • It traces the market’s historic and forecast market growth by geography.
  • It places the market within the context of the wider traction battery market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
  • It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies.
  • Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The traction battery market section of the report gives context.
  • It compares the traction battery market with other segments of the traction battery market by size and growth, historic and forecast.
  • It analyses GDP proportion, expenditure per capita, traction battery indicators comparison.

Scope


Markets Covered:
1) By Product Type: Lead Acid Based; Li-Ion Based; Nickel Based; Others
2) By Capacity: Less than 100 Ah; 100 - 200 Ah; 200 - 300 Ah; 300 - 400 Ah; 400 Ah And above
3) By Application: Electrical Vehicle (EV); Hybrid Electric Vehicles (HEV); Industrial; Forklift; Mechanical Handling Equipment; Others

Companies Mentioned: Amara Raja Batteries; BAE Batterien GmbH; Banner Batterien; BYD Company; Coslight Technology International Group Co.- Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Traction Battery Market

What is the estimated value of the Global Traction Battery Market?

The Global Traction Battery Market was estimated to be valued at $31.88 billion in 2022.

What is the growth rate of the Global Traction Battery Market?

The growth rate of the Global Traction Battery Market is 13.2%, with an estimated value of $52.29 billion by 2026.

What is the forecasted size of the Global Traction Battery Market?

The Global Traction Battery Market is estimated to be worth $52.29 billion by 2026.

Who are the key companies in the Global Traction Battery Market?

Key companies in the Global Traction Battery Market include Amara Raja Batteries, BAE Batterien GmbH, Banner Batterien, BYD Company, Coslight Technology International Group Co. Ltd., East Penn Manufacturing Company, Enersys, Exide Industries Limited and HOPPECKE Carl Zoellner & Sohn GmbH.

Table of Contents

1. Executive Summary2. Traction Battery Market Characteristics3. Traction Battery Market Trends And Strategies4. Impact Of COVID-19 On Traction Battery
5. Traction Battery Market Size And Growth
5.1. Global Traction Battery Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Traction Battery Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Traction Battery Market Segmentation
6.1. Global Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Lead Acid Based
  • Li-Ion Based
  • Nickel Based
  • Others
6.2. Global Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Less than 100 Ah
100 – 200 Ah
200 – 300 Ah
300 – 400 Ah
400 Ah And above
6.3. Global Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Electrical Vehicle (EV)
  • Hybrid Electric Vehicles (HEV)
  • Industrial
  • Forklift
  • Mechanical Handling Equipment
  • Others

7. Traction Battery Market Regional And Country Analysis
7.1. Global Traction Battery Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Traction Battery Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Traction Battery Market
8.1. Asia-Pacific Traction Battery Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Traction Battery Market
9.1. China Traction Battery Market Overview
9.2. China Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Traction Battery Market
10.1. India Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Traction Battery Market
11.1. Japan Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Traction Battery Market
12.1. Australia Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Traction Battery Market
13.1. Indonesia Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Traction Battery Market
14.1. South Korea Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Traction Battery Market
15.1. Western Europe Traction Battery Market Overview
15.2. Western Europe Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Traction Battery Market
16.1. UK Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Traction Battery Market
17.1. Germany Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Traction Battery Market
18.4. France Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Traction Battery Market
19.1. Eastern Europe Traction Battery Market Overview
19.2. Eastern Europe Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Traction Battery Market
20.1. Russia Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Traction Battery Market
21.1. North America Traction Battery Market Overview
21.2. North America Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Traction Battery Market
22.1. USA Traction Battery Market Overview
22.2. USA Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Traction Battery Market
23.1. South America Traction Battery Market Overview
23.2. South America Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Traction Battery Market
24.1. Brazil Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Traction Battery Market
25.1. Middle East Traction Battery Market Overview
25.2. Middle East Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Traction Battery Market
26.1. Africa Traction Battery Market Overview
26.2. Africa Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Traction Battery Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Traction Battery Market Competitive Landscape And Company Profiles
27.1. Traction Battery Market Competitive Landscape
27.2. Traction Battery Market Company Profiles
27.2.1. Amara Raja Batteries
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. BAE Batterien GmbH
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Banner Batterien
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. BYD Company
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Coslight Technology International Group Co. Ltd.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Traction Battery Market29. Traction Battery Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About The Publisher
30.5. Copyright And Disclaimer

Executive Summary

Major players in the traction battery market are Amara Raja Batteries, BAE Batterien GmbH, Banner Batterien, BYD Company, Coslight Technology International Group Co. Ltd., East Penn Manufacturing Company, Enersys, Exide Industries Limited, GS Yuasa International Ltd., HOPPECKE Carl Zoellner & Sohn GmbH, Mutlu Incorporated, Sunlight, C&D Technologies Inc., Chaowei Power Holdings Limited, Leoch International Technology Limited Inc. and Sebang Global.

The global traction battery market is expected to grow from $27.61 billion in 2021 to $31.88 billion in 2022 at a compound annual growth rate (CAGR) of 15.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $52.29 billion in 2026 at a CAGR of 13.2%.

The traction battery market consists of sales of traction batteries by entities (organizations, sole traders, and partnerships) that is a type of rechargeable battery used to power the electric motor in a hybrid electric vehicle or battery electric vehicle. The traction battery is an assembly of accumulators that consists of the storage of energy used to power the traction motor. The design of a traction battery standard is crucial for ensuring extended and trouble-free service life.

The main types of products in traction batteries are lead acid-based, Li-ion-based, nickel-based, and others. The Li-ion base battery consists of lithium-ion as a component. These are used in industrial trucks originally designed to be powered by lead-acid batteries. These have different capacities that include less than 100 AH, 100 – 200 AH, 200 – 300 AH; 300 – 400 AH, 400 AH, and above and are used in various applications such as an electrical vehicle (EV), hybrid electric vehicles (HEV), industrial, forklift, mechanical handling equipment, others.

North America was the largest region in the traction battery market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rising demand for electric vehicles is expected to fuel the growth of the traction battery market going forward. Electric vehicles are environmentally friendly vehicles that are powered on electric power. The electric vehicle uses traction batteries to power the electric motor of the battery electric vehicle. For instance, according to International Energy Agency, a France-based autonomous intergovernmental organization, in the year 2020, the global electric car stock reached 10 million, a 43% increase over 2019. Also, according to Bloomberg New Energy Finance (BNEF), EVs are expected to hit 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040 Therefore, the rising demand for electric vehicles is driving the growth of the traction battery market.

The growing technological advancements are shaping the traction battery market. Major companies operating in the traction battery sector are focused on developing new technological solutions to provide cost-effective batteries and strengthen their position. For instance, in October 2019, Ecovolta, a Switzerland-based battery system manufacturer has launched evoTractionBattery based on Li-ion technology. The new evoTractionBattery can replace lead-acid batteries due to the standardized lithium-ion solution, cutting the costs per charge cycle by up to 50%. These batteries can be monitored individually via the cloud, making it simple to verify battery data and manage to charge remotely.

In August 2021, Concentric LLC, a US-based leader in DC power management for the material handling and critical power industries acquired Stangco Industrial Equipment Inc. for an undisclosed amount. Through this acquisition, Concentric expects to extend its footprint, particularly its Forklift (Motive) Power presence, across southern California and the west coast market. The acquisition further reinforces Concentric's ambition to create the only nationwide service organization capable of providing consistency for material handling customers from coast to coast. Stangco Industrial Equipment Inc. is a US-based manufacturer of traction batteries, industrial equipment batteries, forklift, GSE, an ice rink, and sweeper batteries.

The countries covered in the traction battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Amara Raja Batteries
  • BAE Batterien GmbH
  • Banner Batterien
  • BYD Company
  • Coslight Technology International Group Co. Ltd.
  • East Penn Manufacturing Company
  • Enersys
  • Exide Industries Limited
  • GS Yuasa International Ltd.
  • HOPPECKE Carl Zoellner & Sohn GmbH
  • Mutlu Incorporated
  • Sunlight
  • C&D Technologies Inc.
  • Chaowei Power Holdings Limited
  • Leoch International Technology Limited Inc.
  • Sebang Global

Methodology

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