Asia Pacific Automotive Battery Market Size & Outlook
The automotive battery market in Asia Pacific is expected to reach a projected revenue of US$ 35,097.8 million by 2030. A compound annual growth rate of 9% is expected of Asia Pacific automotive battery market from 2024 to 2030.
Revenue, 2023 (US$M)
$19,418.4
Forecast, 2030 (US$M)
$35,097.8
CAGR, 2024 - 2030
9%
Report Coverage
Asia Pacific
Asia Pacific automotive battery market highlights
- The Asia Pacific automotive battery market generated a revenue of USD 19,418.4 million in 2023.
- The market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, lithium-ion based was the largest revenue generating type in 2023.
- Lithium-Ion Based is the most lucrative type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 19,418.4 million |
| Market revenue in 2030 | USD 35,097.8 million |
| Growth rate | 8.8% (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 |
| Key market players worldwide | Exide Technologies, GS Yuasa Corp, Panasonic Holdings Corp, LG Energy Solution, A123 Systems, East Penn Manufacturing Co, Robert Bosch Engineering & Business Solutions, EnerSys, Samsung SDI Co Ltd GDR - 144A, Hitachi Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.1% of the global automotive battery market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35,097.8 million by 2030.
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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 |
|---|---|---|---|---|
| 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 |
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