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

Automotive Battery Rental Market Report is Segmented by Rental Type (Subscription and Pay-Per-Use), Battery Type (Lead Acid Battery, Lithium-Ion Battery, and Other Battery Types), Vehicle Type (Passenger Car and Commercial Vehicle), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers the Market Size and Forecast in Terms of Value (USD) for all the Above Segments.

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

Automotive Battery Rental Market Size

Automotive Battery Rental Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 0.32 Billion
Market Size (2030) USD 1.30 Billion
CAGR (2025 - 2030) 32.20 %
Fastest Growing Market Europe
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Automotive Battery Rental Market Major Players

*Disclaimer: Major Players sorted in no particular order

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

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Automotive Battery Rental Market Analysis

The Automotive Battery Rental Market size is estimated at USD 0.32 billion in 2025, and is expected to reach USD 1.30 billion by 2030, at a CAGR of 32.2% during the forecast period (2025-2030).

Over the medium term, the increasing demand for electric vehicles combined with the limited availability of charging infrastructure is anticipated to fuel the need for battery rental services. Consumers are actively seeking access to charging facilities for their electric vehicles, and as a result, the demand for battery rental services is expected to rise.

The growing need for sustainable transportation and cleaner energy has resulted in an increased demand for battery electric vehicles. Consumer worries about vehicle range, higher upfront costs, limited model availability, and lack of knowledge are being tackled through promotional activities and government regulations. These factors will heavily impact the demand for electric vehicles and ultimately drive the target market.

The demand for automotive batteries is projected to increase globally, primarily due to the rising popularity of electric vehicles. The Asia Pacific region is anticipated to dominate the automotive battery market, driven by rapid industrialization and urbanization, as well as the growing demand for electric vehicles in countries like China and India. Significant growth in the target market is also expected in regions such as North America and Europe.

Automotive Battery Rental Industry Overview

The Automotive Battery Rental Market is dominated by several key players such as Ample Inc., NIO Limited, Contemporary Amperex Technology Co., Limited, Renault Group, and others. The rapid increase in the construction of battery manufacturing facilities worldwide is expected to lead to a significant rise in demand for battery rental services in the coming years. For instance, 

  • In May 2024, Piaggio Vehicles Pvt Ltd, a subsidiary of the renowned Piaggio Group, unveiled an innovative "Battery Subscription Model" for its Apé Elektrik electric three-wheelers (3Ws). This pioneering move aims to revolutionize the electric vehicle industry by offering a flexible and cost-effective approach to battery ownership.
  • In July 2023, Nio Limited unveiled a new daily battery leasing service, which is a significant development aimed at expanding its recharging network across China. This innovative initiative not only addresses the issue of range anxiety for electric vehicle owners but also demonstrates Nio's commitment to providing convenient and sustainable solutions for its customers.

Automotive Battery Rental Market Leaders

  1. NIO LIMITED

  2. Ample Inc.

  3. Contemporary Amperex Technology Co., Limited.

  4. Renault Group

  5. Oyika Pte Ltd

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

  • September 2024: MG Motor introduced an innovative battery rental plan as part of its strategic initiatives aimed at boosting sales of eco-friendly vehicles. Under this plan the company will offer battery for their newly launch electric car Windsor on a pay-per-use rental model at Rs 3.5 per km. This move is intended to make electric vehicles more accessible and affordable for customers, thereby encouraging the adoption of sustainable transportation options.
  • March 2024: Nio Inc. a Chinese multinational automobile manufacturer has signed a partnership agreement with battery giant CATL to develop technologically advance batteries which can offer longer battery life in wake of reducing operating cost of Nio's battery swapping and changing stations. In a move aimed at reducing the purchase costs of electric vehicles (EVs), the company unveiled a significant reduction of up to 33% in the monthly battery rental fees.

Automotive Battery Rental Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 EV Sales to Bolster Electic Vehicle Makret
  • 4.2 Market Restraints
    • 4.2.1 Low Infrastructure Readiness Level For Electric Vehicles
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value - USD)

  • 5.1 By Rental Type
    • 5.1.1 Subscription
    • 5.1.2 Pay-Per-Use
  • 5.2 By Battery Type
    • 5.2.1 Lead Acid Battery
    • 5.2.2 Lithium-Ion Battery
    • 5.2.3 Other Battery Types
  • 5.3 By Vehicle Type
    • 5.3.1 Passenger Car
    • 5.3.2 Commercial Vehicles
  • 5.4 By 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 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 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 NIO LIMITED
    • 6.2.2 Ample Inc.
    • 6.2.3 Contemporary Amperex Technology Co., Limited.
    • 6.2.4 Renault Group
    • 6.2.5 Oyika Pte Ltd
    • 6.2.6 Esmito Solutions Private Limited
    • 6.2.7 Sun Mobility Private Limited
    • 6.2.8 E-Chargeup Solutions Pvt Ltd.
    • 6.2.9 Numocity Technologies Private Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Automotive Battery Rental Industry Segmentation

The automotive battery rental service offers users the option to rent a battery over a specific time frame or through a subscription model. This convenient service allows users to access a reliable and fully charged battery as and when needed without the commitment of outright ownership of battery.

The automotive battery rental market is segmented by rental type, battery type, vehicle type, and geography. By rental type, the market is segmented into Subscription and Pay-Per-Use. By battery type, the market is segmented into Lead Acid Battery, Lithium-Ion Battery, and Other Battery Types. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By Geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. For each segment, the market sizing and forecast have been done based on the value (USD).

By Rental Type Subscription
Pay-Per-Use
By Battery Type Lead Acid Battery
Lithium-Ion Battery
Other Battery Types
By Vehicle Type Passenger Car
Commercial Vehicles
By Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Italy
Spain
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 Rental Market Research Faqs

How big is the Automotive Battery Rental Market?

The Automotive Battery Rental Market size is expected to reach USD 0.32 billion in 2025 and grow at a CAGR of 32.20% to reach USD 1.30 billion by 2030.

What is the current Automotive Battery Rental Market size?

In 2025, the Automotive Battery Rental Market size is expected to reach USD 0.32 billion.

Who are the key players in Automotive Battery Rental Market?

NIO LIMITED, Ample Inc., Contemporary Amperex Technology Co., Limited., Renault Group and Oyika Pte Ltd are the major companies operating in the Automotive Battery Rental Market.

Which is the fastest growing region in Automotive Battery Rental Market?

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

Which region has the biggest share in Automotive Battery Rental Market?

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

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

In 2024, the Automotive Battery Rental Market size was estimated at USD 0.22 billion. The report covers the Automotive Battery Rental Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Automotive Battery Rental Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Automotive Battery Rental Industry Report

Statistics for the 2025 Automotive Battery Rental market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Battery Rental analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.