Light Vehicle Batteries Market Report and Forecast 2025-2034

The global light vehicle batteries market is expected to grow at a CAGR of 9.00% during the forecast period of 2025-2034.

Light car batteries are rechargeable batteries used in light internal combustion engine cars (ICEVs) to start lighting and ignition applications and for energy propulsion in light electric vehicles (EVs). The light vehicle batteries market is being driven by the rising sales of electric vehicles.

Market Segmentation

The light vehicle batteries industry can be segmented into applications and regions.

Based on its application, the light vehicle batteries market can be segmented as:

• ICEV
• EV
• Others

Market breakup by region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

Factors such as the rising global passenger car manufacturing and light commercial vehicles will play an essential part in maintaining the market position in the inner combustion engine vehicle (ICEV) segment. The stringent legislation on automotive CHG emissions, increasing urbanization, and decreasing Li-ion battery prices are expected to propel the industry further forward. However, the widening the disparity between lithium demand and supply, strict legislation against lead emissions, and the absence of EV charging facilities can hamper the development of the light vehicle batteries market over the forecast time.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global light vehicle batteries market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• A123 Systems LLC
• East Penn Manufacturing Co. Inc.
• GS Yuasa Corp.
• LG Chem Ltd. (OTCMKTS: LGCLF)
• Samsung SDI Co. Ltd.
• Others

The report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.