Global Battery Contract Manufacturing Market Size & Outlook

The battery contract manufacturing industry worldwide is expected to reach a projected revenue of US$ 14,264.7 million by 2030. A compound annual growth rate of 15.7% is expected of the worldwide battery contract manufacturing industry from 2024 to 2030.
Revenue, 2023 (US$M)
$5,146.8
Forecast, 2030 (US$M)
$14,264.7
CAGR, 2024 - 2030
15.7%
Report Coverage
Worldwide

Global battery contract manufacturing market, 2018-2030 (US$M)

Global battery contract manufacturing market highlights

  • The global battery contract manufacturing market generated a revenue of USD 5,146.8 million in 2023 and is expected to reach USD 14,264.7 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 15.7% by 2030.
  • In terms of segment, lithium-ion accounted for a revenue of USD 1,946.0 million in 2023.
  • Lithium polymer is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, Chile is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 5,146.8 million
Market revenue in 2030USD 14,264.7 million
Growth rate15.7% (CAGR from 2023 to 2030)
Largest segmentLithium-ion
Fastest growing segmentLithium polymer
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLithium-ion, Lithium polymer, Lithium iron phosphate, Alkaline, Nickel Metal Hydride, Nickel Cadmium

Other key industry trends

  • In terms of revenue, the North America accounted for 33.4% of the global battery contract manufacturing market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Chile is the fastest growing regional market and is projected to reach USD 25.4 million by 2030.

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Battery Contract Manufacturing Market Companies

Name Profile # Employees HQ Website

Global battery contract manufacturing market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to battery contract manufacturing market will help companies and investors design strategic landscapes.


Lithium-ion was the largest segment with a revenue share of 37.81% in 2023. Horizon Databook has segmented the Global battery contract manufacturing market based on lithium-ion, lithium polymer, lithium iron phosphate, alkaline, nickel metal hydride, nickel cadmium covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Battery Contract Manufacturing Product Outlook (Revenue, USD Million, 2018-2030)
    • Lithium-ion
    • Lithium polymer
    • Lithium iron phosphate
    • Alkaline
    • Nickel Metal Hydride
    • Nickel Cadmium
  • Global Battery Contract Manufacturing Application Outlook (Revenue, USD Million, 2018-2030)
    • Electric vehicles
    • Consumer electronics
    • Defense / Military
    • Telecom Towers
    • Energy Storage Systems
    • Mining
    • Space
    • Marine and sub-marines
    • Others

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  • Our clientele includes a mix of battery contract manufacturing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global battery contract manufacturing market , including forecasts for subscribers. This global databook contains high-level insights into Global battery contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global battery contract manufacturing market size, by regions, 2018-2030 (US$M)

Top 10 countries: Battery contract manufacturing market size, 2023 (US$M)

Global battery contract manufacturing market share, by product, 2023 & 2030 (%, US$M)

Battery contract manufacturing market: Opportunity assessment by country

Global battery contract manufacturing market, by region, 2023 (US$M)

Global battery contract manufacturing market size, by regions, 2018-2030 (US$M)

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