Global Automotive Battery Market Size & Outlook, 2024-2030
The global automotive battery market size was estimated at USD 69,108.5 million in 2023 and is projected to reach USD 105,612.9 million by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
Revenue, 2023 (US$M)
$69,108.5
Forecast, 2030 (US$M)
$105,612.9
CAGR, 2024 - 2030
6.4%
Report Coverage
Worldwide
Global automotive battery market, 2018-2030 (US$M)
Global automotive battery market highlights
- The global automotive battery market generated a revenue of USD 69,108.5 million in 2023 and is expected to reach USD 105,612.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.2% by 2030.
- In terms of segment, lithium-ion based accounted for a revenue of USD 69,108.5 million in 2023.
- Lithium-Ion Based is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 69,108.5 million |
| Market revenue in 2030 | USD 105,612.9 million |
| Growth rate | 6.2% (CAGR from 2024 to 2030) |
| Largest segment | Lithium-ion based |
| Fastest growing segment | Lithium-Ion Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-Ion Based |
Other key industry trends
- In terms of revenue, the North America accounted for 32.6% of the global automotive battery market in 2023.
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Automotive Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Exide Technologies | View profile | 10001+ | Georgia, Louisiana, United States, North America | http://www.exide.com |
| A123 Systems | View profile | 1001-5000 | Westborough, Massachusetts, United States, North America | http://www.a123systems.com/ |
| LG Energy Solution | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgensol.com |
| Samsung SDI Co Ltd GDR - 144A | View profile | 12452 | 150-20 Gongsero-ro, Giheung-gu, Gyeonggi-do, Yongin, Korea, Republic of | http://www.samsungsdi.co.kr |
| EnerSys | View profile | 10797 | 2366 Bernville Road, Reading, PA, United States, 19605 | https://www.enersys.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| East Penn Manufacturing Co | View profile | 10001+ | Lyon Station, Pennsylvania, United States, North America | https://www.eastpennmanufacturing.com/ |
| GS Yuasa Corp | View profile | 17031 | 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto, Japan, 601-8520 | http://www.gs-yuasa.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Global automotive battery market size, by regions, 2018-2030 (US$M)
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