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Global Traction Battery Market Report 2025

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Published : December 2025

Pages : 200

Format : PDF

Delivery Time : 2-3 Business Days

Report Price : $4490.00

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Traction Battery Global Market Report 2025

Name: Traction Battery Global Market Report 2025
Brand: The Business Research Company
Price: 4490.00 USD
Availability: InStock

By Product Type (Lead Acid Based, Li-Ion Based, Nickel Based, Other Types), By Capacity (Less than 100 Ah, 100 – 200 Ah, 200 – 300 Ah, 300 – 400 Ah, 400 Ah And above), By Application (Electrical Vehicle (EV), Hybrid Electric Vehicles (HEV), Industrial, Forklift, Mechanical Handling Equipment, Other Applications) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Traction Battery Market Overview

• Traction Battery market size has reached to $39.91 billion in 2024

• Expected to grow to $66.28 billion in 2029 at a compound annual growth rate (CAGR) of 10.9%

• Growth Driver: Electric Vehicle Boom Sparks Surge In Traction Battery Market

• Market Trend: Technological Advancements To Provide Cost-Effective Batteries

• North America was the largest region in 2024.

What Is Covered Under Traction Battery Market?

A traction battery is a type of rechargeable battery used to power the electric motor in a hybrid electric vehicle or battery electric vehicle. The traction battery is an assembly of accumulators that consists of the storage of energy used to power the traction motor. The design of a traction battery standard is crucial for ensuring extended and trouble-free service life.

The main types of products in traction batteries are lead acid-based, Li-ion-based, nickel-based, and others. The Li-ion base battery consists of lithium-ion as a component. These are used in industrial trucks originally designed to be powered by lead-acid batteries. These have different capacities that include less than 100 AH, 100 – 200 AH, 200 – 300 AH; 300 – 400 AH, 400 AH, and above and are used in various applications such as electric vehicles (EV), hybrid electric vehicles (HEV), industrial, forklift, mechanical handling equipment, others.

Traction Battery Market Size and growth rate 2025 to 2029: Graph

What Is The Traction Battery Market Size 2025 And Growth Rate?

The traction battery market size has grown rapidly in recent years. It will grow from $39.91 billion in 2024 to $43.78 billion in 2025 at a compound annual growth rate (CAGR) of 66.28%. The growth in the historic period can be attributed to electrification of transportation, government incentives and regulations, environmental concerns, consumer awareness and demand

What Is The Traction Battery Market Growth Forecast?

The traction battery market size is expected to see rapid growth in the next few years. It will grow to $9.7 billion in 2029 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to ev market expansion, energy storage applications, battery recycling and sustainability, charging infrastructure development, market diversification. Major trends in the forecast period include fast charging technology, second-life batteries, increased production capacity, advanced battery management systems, increased energy density.

The forecast of 10.9% growth over the next five years reflects a modest reduction of 0.6% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. As tariffs target lithium, nickel, and cobalt-based battery cells from major producing nations, the traction battery market could see soaring input costs and constrained production capacity. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Transport Services Industry?

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the transport services sector by driving up costs for vehicles, spare parts, and fuel, key inputs often sourced from tariff-affected regions. Freight operators, logistics providers, and public transportation systems are facing squeezed profit margins as higher equipment and maintenance costs coincide with limited ability to pass on these expenses to customers due to competitive pressures. The uncertainty has also delayed fleet modernization and the adoption of greener, more efficient vehicles, slowing progress toward sustainability goals. To adapt, transport firms are optimizing route planning, investing in fuel efficiency technologies, renegotiating supplier contracts, and exploring collaborative logistics models to share costs and mitigate the impact of higher tariffs.

How Is The Traction Battery Market Segmented?

1) By Product Type: Lead Acid Based, Li-Ion Based, Nickel Based, Other Types

2) By Capacity: Less than 100 Ah, 100 – 200 Ah, 200 – 300 Ah, 300 – 400 Ah, 400 Ah And above

3) By Application: Electrical Vehicle (EV), Hybrid Electric Vehicles (HEV), Industrial, Forklift, Mechanical Handling Equipment, Other Applications

Subsegments:

1) By Lead Acid Based: Flooded Lead Acid Batteries, Absorbent Glass Mat (AGM) Batteries, Gel Lead Acid Batteries

2) By Li-Ion Based: Lithium Cobalt Oxide (LCO) Batteries, Lithium Iron Phosphate (LFP) Batteries, Lithium Nickel Manganese Cobalt (NMC) Batteries, Lithium Polymer (LiPo) Batteries

3) By Nickel Based: Nickel-Cadmium (NiCd) Batteries, Nickel-Metal Hydride (NiMH) Batteries

4) By Other Types: Sodium-Ion Batteries, Solid-State Batteries, Flow Batteries

What Is Driving The Traction Battery Market? Electric Vehicle Boom Sparks Surge In Traction Battery Market

The rising demand for electric vehicles is expected to fuel the growth of the traction battery market going forward. Electric vehicles are environmentally friendly vehicles that are powered by electric power. The electric vehicle uses traction batteries to power the electric motor of the battery electric vehicle. For instance, according to Sustainable Bus, an Italy-based media company focused on clean buses and sustainability, the number of electric bus registrations in Europe increased by 53% in 2023 as compared to 2022. Therefore, the rising demand for electric vehicles is driving the growth of the traction battery industry.

What Is Driving The Traction Battery Market? Surging Demand For High-Energy Storage Fuels Traction Battery Market Growth

The increased demand for high energy storage is expected to drive the growth of traction battery market. High-energy storage refers to the capacity of a system or device to store a significant amount of energy in a relatively small or lightweight package. In high energy storage the traction battery are used for grid energy storage, uninterruptible power supply, and enhancing electric vehicle-to-grid applications. For instance, in September 2022, according to Energy Information Administration, a US-based government agency, in 2022, the cumulative nameplate power capacity of active utility-scale battery energy storage systems (BESSs) within the United States reached 8,842 MW, with a total energy capacity of 11,105 MWh. Most of this BESS power capacity became operational post-2014, with approximately 4,807 MW installed during the year 2022 alone. Therefore, the increased demand for high energy storage is expected to drive the growth of traction battery industry going forward.

Who Are The Major Players In The Global Traction Battery Market?

Major companies operating in the traction battery market include Amara Raja Batteries Limited, BAE Batterien GmbH, Banner Batterien GmbH, BYD Company Limited, Coslight Technology International Group Co. Ltd., East Penn Manufacturing Company Inc., EnerSys, Exide Industries Limited, GS Yuasa International Ltd., HOPPECKE Carl Zoellner & Sohn GmbH, Mutlu Akü ve Malzemeleri Sanayi Ticaret A.S., Sunlight Systems S.A., C&D Technologies Inc., Chaowei Power Holdings Limited, Leoch International Technology Limited, Sebang Global Battery Co. Ltd., Tesla Inc., Panasonic Corporation, LG Chem Ltd., Samsung SDI Co. Ltd., Contemporary Amperex Technology Co. Limited (CATL), Saft Groupe S.A., Trojan Battery Company, A123 Systems LLC, Toshiba Corporation, Hitachi Chemical Co. Ltd., Narada Power Source Co. Ltd., NorthStar Battery Company LLC, Sumitomo Electric Industries Ltd., Crown Battery Manufacturing Company, Tadiran Batteries GmbH, Discover Battery, Sinopoly Battery Limited

What Are The Key Trends Of The Global Traction Battery Market? Technological Advancements To Provide Cost-Effective Batteries

The growing technological advancements are a key trend gaining popularity in the traction battery market. Major companies operating in the traction battery sector are focused on developing new technological solutions to provide cost-effective batteries and strengthen their position. For instance, in March 2022, Sunlight Group Energy Storage Systems, a Greece-based producer of integrated energy storage solutions, launched Sunlight ElectroLiFe, its newest semi-traction lithium-ion (Li-ion) battery. When used in manufacturing and light commercial vehicle applications like AGVs (automated guided vehicles) and other material handling machinery, ElectroLiFe's revolutionary lightweight yet strong design enables tool-free plug-and-play installation to meet changing customer needs. The battery is also capable of being connected to GLocal, a cloud platform run by Sunlight Group, and has an increased lifespan of more than 2,000 cycles.

What Are The Key Trends Of The Global Traction Battery Market? Developing Innovative Lithium-Ion Batteries For 3-Wheel Forklifts

Major companies operating in the traction battery market are focused on innovating new products and solutions such as lithium-ion batteries to sustain their position in the market. Lithium-ion batteries are a type of rechargeable battery that uses lithium ions as the primary component of its electrochemistry. For instance, in March 2022, Flux Power Holdings Inc., a US-based company that designs, develops, and sells rechargeable advanced lithium-ion batteries for industrial uses, unveiled a new lithium-ion battery pack for 3-wheel forklifts. It is designed to address the operational performance issues that businesses currently face. The L36 lithium-ion battery pack delivers better performance, dependability, and efficiency than conventional lead-acid batteries. It gives 3-wheel forklifts in high-performance, tight-aisle warehouses a reliable, cutting-edge power source.

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Traction Battery Market Merger And Acquisition: Electriq Power Merges with TLG Acquisition One Corp. to Expand Energy Storage Solutions in Renewable Energy Sector

In November 2022, Electriq Power, a US-based company specializing in home battery storage solutions, merged with TLG Acquisition One Corp., a special purpose acquisition company, for an undisclosed amount. This merger is set to allow Electriq to broaden its range of energy storage and management solutions, with a focus on the renewable energy sector.

Regional Outlook For The Global Traction Battery Market

North America was the largest region in the traction battery market in 2024. The regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in this market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Traction Battery Market?

The traction battery market consists of sales of volt battery, and monobloc battery. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Traction Battery Industry?

The traction battery market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the traction battery industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Author : Abdul Wasay

Traction Battery Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$43.78 billion
Revenue Forecast In 2034	$9.7 billion
Growth Rate	CAGR of 10.9% from 2025 to 2034
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	1) By Product Type: Lead Acid Based, Li-Ion Based, Nickel Based, Other Types 2) By Capacity: Less than 100 Ah, 100 – 200 Ah, 200 – 300 Ah, 300 – 400 Ah, 400 Ah And above 3) By Application: Electrical Vehicle (EV), Hybrid Electric Vehicles (HEV), Industrial, Forklift, Mechanical Handling Equipment, Other Applications Subsegments: 1) By Lead Acid Based: Flooded Lead Acid Batteries, Absorbent Glass Mat (AGM) Batteries, Gel Lead Acid Batteries 2) By Li-Ion Based: Lithium Cobalt Oxide (LCO) Batteries, Lithium Iron Phosphate (LFP) Batteries, Lithium Nickel Manganese Cobalt (NMC) Batteries, Lithium Polymer (LiPo) Batteries 3) By Nickel Based: Nickel-Cadmium (NiCd) Batteries, Nickel-Metal Hydride (NiMH) Batteries 4) By Other Types: Sodium-Ion Batteries, Solid-State Batteries, Flow Batteries
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Amara Raja Batteries Limited, BAE Batterien GmbH, Banner Batterien GmbH, BYD Company Limited, Coslight Technology International Group Co. Ltd., East Penn Manufacturing Company Inc., EnerSys, Exide Industries Limited, GS Yuasa International Ltd., HOPPECKE Carl Zoellner & Sohn GmbH, Mutlu Akü ve Malzemeleri Sanayi Ticaret A.S., Sunlight Systems S.A., C&D Technologies Inc., Chaowei Power Holdings Limited, Leoch International Technology Limited, Sebang Global Battery Co. Ltd., Tesla Inc., Panasonic Corporation, LG Chem Ltd., Samsung SDI Co. Ltd., Contemporary Amperex Technology Co. Limited (CATL), Saft Groupe S.A., Trojan Battery Company, A123 Systems LLC, Toshiba Corporation, Hitachi Chemical Co. Ltd., Narada Power Source Co. Ltd., NorthStar Battery Company LLC, Sumitomo Electric Industries Ltd., Crown Battery Manufacturing Company, Tadiran Batteries GmbH, Discover Battery, Sinopoly Battery Limited
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1. Executive Summary

2. Traction Battery Market Characteristics

3. Traction Battery Market Trends And Strategies

4. Traction Battery Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Traction Battery Growth Analysis And Strategic Analysis Framework

5.1. Global Traction Battery PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Traction Battery Market Growth Rate Analysis

5.4. Global Traction Battery Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Traction Battery Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Traction Battery Total Addressable Market (TAM)

6. Traction Battery Market Segmentation

6.1. Global Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Lead Acid Based

Li-Ion Based

Nickel Based

Other Types

6.2. Global Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Less than 100 Ah

100 – 200 Ah

200 – 300 Ah

300 – 400 Ah

400 Ah And above

6.3. Global Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Electrical Vehicle (EV)

Hybrid Electric Vehicles (HEV)

Industrial

Forklift

Mechanical Handling Equipment

Other Applications

6.4. Global Traction Battery Market, Sub-Segmentation Of Lead Acid Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Flooded Lead Acid Batterie

Absorbent Glass Mat (AGM) Batteries

Gel Lead Acid Batteries

6.5. Global Traction Battery Market, Sub-Segmentation Of Li-Ion Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Lithium Cobalt Oxide (LCO) Batteries

Lithium Iron Phosphate (LFP) Batteries

Lithium Nickel Manganese Cobalt (NMC) Batterie

Lithium Polymer (LiPo) Batteries

6.6. Global Traction Battery Market, Sub-Segmentation Of Nickel Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Nickel-Cadmium (NiCd) Batteries

Nickel-Metal Hydride (NiMH) Batteries

6.7. Global Traction Battery Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Sodium-Ion Batteries

Solid-State Batteries

Flow Batteries

7. Traction Battery Market Regional And Country Analysis

7.1. Global Traction Battery Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Traction Battery Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Traction Battery Market

8.1. Asia-Pacific Traction Battery Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Traction Battery Market

9.1. China Traction Battery Market Overview

9.2. China Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Traction Battery Market

10.1. India Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Traction Battery Market

11.1. Japan Traction Battery Market Overview

11.2. Japan Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Traction Battery Market

12.1. Australia Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Traction Battery Market

13.1. Indonesia Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Traction Battery Market

14.1. South Korea Traction Battery Market Overview

14.2. South Korea Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Traction Battery Market

15.1. Western Europe Traction Battery Market Overview

15.2. Western Europe Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Traction Battery Market

16.1. UK Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Traction Battery Market

17.1. Germany Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Traction Battery Market

18.1. France Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Traction Battery Market

19.1. Italy Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Traction Battery Market

20.1. Spain Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Traction Battery Market

21.1. Eastern Europe Traction Battery Market Overview

21.2. Eastern Europe Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Traction Battery Market

22.1. Russia Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Traction Battery Market

23.1. North America Traction Battery Market Overview

23.2. North America Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Traction Battery Market

24.1. USA Traction Battery Market Overview

24.2. USA Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Traction Battery Market

25.1. Canada Traction Battery Market Overview

25.2. Canada Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Traction Battery Market

26.1. South America Traction Battery Market Overview

26.2. South America Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Traction Battery Market

27.1. Brazil Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Traction Battery Market

28.1. Middle East Traction Battery Market Overview

28.2. Middle East Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Traction Battery Market

29.1. Africa Traction Battery Market Overview

29.2. Africa Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Traction Battery Market Competitive Landscape And Company Profiles

30.1. Traction Battery Market Competitive Landscape

30.2. Traction Battery Market Company Profiles

30.2.1. Amara Raja Batteries Limited Overview, Products and Services, Strategy and Financial Analysis

30.2.2. BAE Batterien GmbH Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Banner Batterien GmbH Overview, Products and Services, Strategy and Financial Analysis

30.2.4. BYD Company Limited Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Coslight Technology International Group Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis

31. Traction Battery Market Other Major And Innovative Companies

31.1. East Penn Manufacturing Company Inc.

31.2. EnerSys

31.3. Exide Industries Limited

31.4. GS Yuasa International Ltd.

31.5. HOPPECKE Carl Zoellner & Sohn GmbH

31.6. Mutlu Akü ve Malzemeleri Sanayi Ticaret A.S.

31.7. Sunlight Systems S.A.

31.8. C&D Technologies Inc.

31.9. Chaowei Power Holdings Limited

31.10. Leoch International Technology Limited

31.11. Sebang Global Battery Co. Ltd.

31.12. Tesla Inc.

31.13. Panasonic Corporation

31.14. LG Chem Ltd.

31.15. Samsung SDI Co. Ltd.

32. Global Traction Battery Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Traction Battery Market

34. Recent Developments In The Traction Battery Market

35. Traction Battery Market High Potential Countries, Segments and Strategies

35.1 Traction Battery Market In 2029 - Countries Offering Most New Opportunities

35.2 Traction Battery Market In 2029 - Segments Offering Most New Opportunities

35.3 Traction Battery Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Traction Battery Market, Sub-Segmentation Of Lead Acid Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Traction Battery Market, Sub-Segmentation Of Li-Ion Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Traction Battery Market, Sub-Segmentation Of Nickel Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Traction Battery Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Traction Battery Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Global Traction Battery Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Asia-Pacific, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Asia-Pacific, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: Asia-Pacific, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: China, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: China, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: China, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: India, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: India, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: India, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: Japan, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Japan, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Japan, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Australia, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Australia, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Australia, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Indonesia, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Indonesia, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: Indonesia, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: South Korea, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: South Korea, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: South Korea, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: Western Europe, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: Western Europe, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: Western Europe, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: UK, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: UK, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: UK, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: Germany, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: Germany, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: Germany, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: France, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: France, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: France, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: Italy, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Italy, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Italy, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Spain, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Spain, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Spain, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Eastern Europe, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Eastern Europe, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Eastern Europe, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Russia, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Russia, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: Russia, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: North America, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: North America, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: North America, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: USA, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: USA, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: USA, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: Canada, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: Canada, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: Canada, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: South America, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: South America, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: South America, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: Brazil, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Brazil, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Brazil, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Middle East, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Middle East, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Middle East, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Africa, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Africa, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Africa, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 78: Amara Raja Batteries Limited Financial Performance

Table 79: BAE Batterien GmbH Financial Performance

Table 80: Banner Batterien GmbH Financial Performance

Table 81: BYD Company Limited Financial Performance

Table 82: Coslight Technology International Group Co. Ltd. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Traction Battery Market, Sub-Segmentation Of Lead Acid Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Traction Battery Market, Sub-Segmentation Of Li-Ion Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Traction Battery Market, Sub-Segmentation Of Nickel Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Traction Battery Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Traction Battery Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Global Traction Battery Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Asia-Pacific, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Asia-Pacific, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: Asia-Pacific, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: China, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: China, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: China, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: India, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: India, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: India, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: Japan, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Japan, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Japan, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Australia, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Australia, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Australia, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Indonesia, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Indonesia, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: Indonesia, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: South Korea, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: South Korea, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: South Korea, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: Western Europe, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: Western Europe, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: Western Europe, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: UK, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: UK, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: UK, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: Germany, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: Germany, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: Germany, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: France, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: France, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: France, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: Italy, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Italy, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Italy, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Spain, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Spain, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Spain, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Eastern Europe, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Eastern Europe, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Eastern Europe, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Russia, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Russia, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: Russia, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: North America, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: North America, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: North America, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: USA, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: USA, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: USA, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: Canada, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: Canada, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: Canada, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: South America, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: South America, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: South America, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: Brazil, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Brazil, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Brazil, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Middle East, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Middle East, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Middle East, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Africa, Traction Battery Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Africa, Traction Battery Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Africa, Traction Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 78: Amara Raja Batteries Limited Financial Performance

Figure 79: BAE Batterien GmbH Financial Performance

Figure 80: Banner Batterien GmbH Financial Performance

Figure 81: BYD Company Limited Financial Performance

Figure 82: Coslight Technology International Group Co. Ltd. Financial Performance

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Frequently Asked Questions

What is the definition of the Traction Battery market?

How will the Traction Battery market drivers and restraints affect the market dynamics? What forces will shape the Traction Battery industry going forward?

The market major growth driver - Electric Vehicle Boom Sparks Surge In Traction Battery Market. For further insights on this market, request a sample here

What is the forecast market size or the forecast market value of the Traction Battery market?

The traction battery market size has grown strongly in recent years. It will grow from $39.91 billion in 2024 to $43.78 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to electrification of transportation, government incentives and regulations, environmental concerns, consumer awareness and demand. The traction battery market size is expected to see rapid growth in the next few years. It will grow to $66.28 billion in 2029 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to ev market expansion, energy storage applications, battery recycling and sustainability, charging infrastructure development, market diversification. Major trends in the forecast period include fast charging technology, second-life batteries, increased production capacity, advanced battery management systems, increased energy density. For further insights on this market, request a sample here

How is the Traction Battery market segmented?

The traction batterymarket covered in this report is segmented –
1) By Product Type: Lead Acid Based, Li-Ion Based, Nickel Based, Other Types
2) By Capacity: Less than 100 Ah, 100 – 200 Ah, 200 – 300 Ah, 300 – 400 Ah, 400 Ah And above
3) By Application: Electrical Vehicle (EV), Hybrid Electric Vehicles (HEV), Industrial, Forklift, Mechanical Handling Equipment, Other Applications Subsegments:
1) By Lead Acid Based: Flooded Lead Acid Batteries, Absorbent Glass Mat (AGM) Batteries, Gel Lead Acid Batteries
2) By Li-Ion Based: Lithium Cobalt Oxide (LCO) Batteries, Lithium Iron Phosphate (LFP) Batteries, Lithium Nickel Manganese Cobalt (NMC) Batteries, Lithium Polymer (LiPo) Batteries
3) By Nickel Based: Nickel-Cadmium (NiCd) Batteries, Nickel-Metal Hydride (NiMH) Batteries
4) By Other Types: Sodium-Ion Batteries, Solid-State Batteries, Flow Batteries For further insights on this market, request a sample here

Which region has the largest share of the Traction Battery market? What are the other regions covered in the report?

North America was the largest region in the traction battery market in 2024. The regions covered in the traction battery market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. For further insights on this market, request a sample here.

Who are the major players in the Traction Battery market?

What are the key trends in the Traction Battery market?

Major trends in this market include Technological Advancements To Provide Cost-Effective Batteries. For further insights on this market, request a sample here.