Global Automotive Battery Market Size & Outlook, 2023-2030
The automotive battery industry worldwide is expected to reach a projected revenue of US$ 105,612.9 million by 2030. A compound annual growth rate of 6.2% is expected of the worldwide automotive battery industry from 2024 to 2030.
Revenue, 2023 (US$M)
$69,108.5
Forecast, 2030 (US$M)
$105,612.9
CAGR, 2024 - 2030
6.2%
Report Coverage
Worldwide
Global automotive battery market, 2018-2030 (US$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 2023 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 Scope
Automotive battery market segmentation & scope
Drive
ICE
Electric Vehicle
BEV
PHEV
Vehicle
Passenger Cars
Commercial Vehicles
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Automotive Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive battery market size, by regions, 2018-2030 (US$M)
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