Automotive Battery Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Automotive Battery Market Report is Segmented by Battery Type (Lead Acid, Lithium-Ion, and Other Battery Types), Vehicle Type (Passenger Cars and Commercial Vehicles), Drive Type (IC Engines and Electric Vehicles), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers Market Size and Forecasts for the Automotive Battery Market in Value (USD) for all the Above Segments.

Automotive Battery Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Automotive Battery Market Size

Automotive Battery Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 112.42 Billion
Market Size (2030) USD 285.97 Billion
CAGR (2025 - 2030) 20.53 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Automotive Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Automotive Battery Market with other markets in Automotive Industry

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Automotive Battery Market Analysis

The Automotive Battery Market size is estimated at USD 112.42 billion in 2025, and is expected to reach USD 285.97 billion by 2030, at a CAGR of 20.53% during the forecast period (2025-2030).

An automotive battery is an electrochemical device that can store and generate electrical energy. When starting the engine, the automotive battery provides electric current to power the starting motor and ignition system. When the alternator is not handling the load, it works as a voltage stabilizer by giving current to the lights, radio, and other electrical accessories.

Globally rising demand for sustainable transportation and cleaner energy has engaged the demand for battery electric vehicles. Consumer constraints such as vehicle range, greater upfront prices, limited model availability, and lack of knowledge are being solved by promotional activities and government legislation. These variables will have an impact on the demand for electric vehicles, which will drive the target market. In addition to this, an increase in the global battery production capacity has helped achieve economies of scale in the automotive battery industry, another major driver for market growth.

Automotive Battery Industry Overview

The automotive battery market is consolidated. A few prominent companies include Panasonic Corporation, Exide Technologies, Clarios, GS Yuasa Corporation, Samsung SDI Co. Ltd, and LG Chem Ltd. Several companies in the market are focusing on improving their products and service portfolios to widen their customer base. Some other key players aim to expand their presence in the market through product and service launches, offerings expansion, mergers, and collaborations with other companies. For instance, in March 2023, the United States and Japan reached an agreement regarding the trade of critical minerals used for EV batteries to secure the supplies of battery materials.

In March 2023, Li-Cycle Holdings Corp. signed a definitive agreement for a global lithium-ion battery recycling partnership with the KION Group and announced plans to develop a new lithium-ion battery recycling facility in France.

In March 2023, Morrow Batteries (Morrow) invested EUR 20 million in the production of Lithium iron phosphate (LFP) battery cells in South Korea.

Automotive Battery Market Leaders

  1. Panasonic Corporation

  2. Exide Technologies

  3. GS Yuasa Corporation

  4. Samsung SDI Co. Ltd.

  5. Clarios

  6. *Disclaimer: Major Players sorted in no particular order
Automotive Battery Market Concentration
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Automotive Battery Market News

  • June 2023: Nippon Denki announced an investment of USD 26 million for the inauguration of its US subsidiary, Denkai America's Camden plant, in South Carolina. Through this investment, the company will start the first copper foil production line for automotive batteries in North America and has started trial operations.
  • May 2023: the Volkswagen Group announced the selection of St. Thomas in Ontario, Canada, as the site of its first overseas battery gigafactory. Volkswagen and its battery company Powerco will produce sustainable unified cells at the new plant, with the start of production planned for 2027.
  • May 2023: Maersk announced that it is building a 20,000-square-meter logistics center near Hanover to store and handle electric car batteries and components to produce the batteries, together with the German project developer Bauwo.
  • April 2023: The Ministry of Japan announced a subsidy of JPY 158.7 billion (USD 1.2 Billion) to Honda Motor Co. Ltd and GS Yuasa International Ltd for investment in automotive batteries.
  • May 2022: Stellantis and Samsung announced that they would invest USD 2.5 billion in building a battery manufacturing facility in Indiana. The factory is likely to start production by 2025.

Automotive Battery Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Increasing Demand For Electric Vehicles is Anticipated to Boost the Market
  • 4.2 Market Restraints
    • 4.2.1 High Cost Associated with Electric Vehicles is Anticipated to Restrain the Growth of the Market
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Battery Type
    • 5.1.1 Lead-Acid
    • 5.1.2 Lithium-Ion
    • 5.1.3 Other Battery Types
  • 5.2 Vehicle Type
    • 5.2.1 Passenger Cars
    • 5.2.2 Commercial Vehicles
  • 5.3 Drive Type
    • 5.3.1 Internal Combustion Engine
    • 5.3.2 Electric Vehicles
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 France
    • 5.4.2.3 United Kingdom
    • 5.4.2.4 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 India
    • 5.4.3.3 Japan
    • 5.4.3.4 South Korea
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 Rest of the World
    • 5.4.4.1 South America
    • 5.4.4.2 Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 A123 Systems
    • 6.2.2 Panasonic Corporation
    • 6.2.3 Exide Technologies
    • 6.2.4 VARTA
    • 6.2.5 Clarios
    • 6.2.6 GS Yuasa Corporation
    • 6.2.7 Hitachi Group Ltd
    • 6.2.8 Robert Bosch GmbH
    • 6.2.9 China Aviation Lithium Battery Co. Ltd
    • 6.2.10 Contemporary Amperex Technology Co. Limited
    • 6.2.11 SAMSUNG SDI Co. Ltd
    • 6.2.12 East Penn Manufacturing Co.
    • 6.2.13 LG Chem Ltd

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Automotive Battery Industry Segmentation

A rechargeable battery used to start an automobile is an automotive battery or car battery. Its primary function is to supply an electric current to the electric starting motor, which in turn ignites the internal combustion engine that powers the vehicle's propulsion system or supplies power to electric vehicle motors.

The scope of the automotive battery market is segmented by battery type, vehicle type, drive type, and geography. By battery type, the market is segmented into lead-acid, lithium-ion, and other battery types. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By drive type, the market is segmented into internal combustion engines and electric vehicles. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the World.

The report offers the market size in value (USD) and forecasts for all the above segments.

Battery Type Lead-Acid
Lithium-Ion
Other Battery Types
Vehicle Type Passenger Cars
Commercial Vehicles
Drive Type Internal Combustion Engine
Electric Vehicles
Geography North America United States
Canada
Rest of North America
Europe Germany
France
United Kingdom
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World South America
Middle East and Africa
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Automotive Battery Market Research FAQs

How big is the Automotive Battery Market?

The Automotive Battery Market size is expected to reach USD 112.42 billion in 2025 and grow at a CAGR of 20.53% to reach USD 285.97 billion by 2030.

What is the current Automotive Battery Market size?

In 2025, the Automotive Battery Market size is expected to reach USD 112.42 billion.

Who are the key players in Automotive Battery Market?

Panasonic Corporation, Exide Technologies, GS Yuasa Corporation, Samsung SDI Co. Ltd. and Clarios are the major companies operating in the Automotive Battery Market.

Which is the fastest growing region in Automotive Battery Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Automotive Battery Market?

In 2025, the Asia-Pacific accounts for the largest market share in Automotive Battery Market.

What years does this Automotive Battery Market cover, and what was the market size in 2024?

In 2024, the Automotive Battery Market size was estimated at USD 89.34 billion. The report covers the Automotive Battery Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Automotive Battery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Automotive Batteries Industry Report

The Automotive Battery Market Report is segmented by battery type, vehicle type, drive type, and geography. The report offers insights into the market size and forecasts for the automotive battery market in value for all the mentioned segments. The market analysis includes a market forecast outlook and a historical overview, providing valuable industry information.

The report delves into various battery types, including lead acid, lithium-ion, and other battery types, as well as different vehicle types such as passenger cars and commercial vehicles. It also covers drive types, including IC engines and electric vehicles, and analyzes the market across different regions, including North America, Europe, Asia-Pacific, and the rest of the world.

The industry reports offer a comprehensive market review, highlighting market trends and industry trends. The market growth and growth rate are discussed in detail, along with market segmentation and market value. The report also includes market data, industry statistics, and market predictions.

The market leaders and their strategies are examined, providing insights into market share and market size. The industry outlook and market outlook are presented, offering a clear picture of the future market landscape. The report example and report PDF are available for further reference.

In summary, this industry analysis provides a thorough understanding of the automotive battery market, including industry sales, industry size, and market overview. The research companies involved in this study have compiled extensive industry research to deliver a comprehensive market report.