| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 16.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Lithium-Ion Battery Market Analysis
The Automotive Lithium Ion Battery Market is expected to register a CAGR of greater than 16% during the forecast period.
- Some of the major factors driving the growth of the market are growing environmental concerns (owing to rising exhaust emissions), enactment of stringent emissions and fuel economy norms, and increasing government initiatives, in terms of subsidies and benefits for increasing the adoption rate of electric vehicles.
- Asia-Pacific is expected to witness a high growth rate during the forecast period. However, incidents such as like India lifting and reducing subsidies for the purchase of electric vehicles and US administration rolling back numerous rules related to environment and air pollution may hinder the growth of the market in the region. In India, the government in 2017, lifted subsidies on mild-hybrid vehicles under the FAME scheme (State of Karnataka lost subsidy of INR 75 crores from central government). The cost of hybrid and electric vehicles and lack of charging infrastructure may also hinder the growth rate of market in emerging economies as cost sensitive customers are finding conventional IC engine vehicles affordable.
- Research and Development in the battery technology has increased the battery density and has also brought down the costs. Battery manufacturers are partnering with OEMs and this is in-turn vehicle sales as well.
Automotive Lithium-Ion Battery Market Trends
Government Initiatives for EVs will Drive the Market
Lithium ion batteries are used in Electric vehicles majorly, so a growth in demand of EVs is directly proportional to the growth in sale of Li-ion batteries for automobiles. After introduction of various government initiatives for grant and subsidies towards purchase of EVs and awareness about how fossil fuels are harming our environment there was considerable growth in the sale of EVs during the period 2014-19. And this growth is expected to continue because of the increasing fuel prices of gasoline and diesel and the amount of pollutants these fossil fuels release into the environment.
Most of the Governments around the globe have either lifted taxes or have given a considerable amount of tax exemption on purchase of EVs. These initiatives by the govt have attracted a lot of buyers to purchase EVs and in turn the sales of Lithium ion batteries also increased.
Understand The Key Trends Shaping This Market
Download PDF
Asia-Pacific is Expected to be the Market Leader
During the 2012-2018 period the region witnessed an exceptional growth rate of 78% which is higher than any other part of the world by a considerable margin. Despite the already high growth, the market still has high potential for further increments. In India only 280,000 electric vehicles were sold till November 2019, according to Economic Survey. There is a lack of subsidies from government when it comes to Indian market, so it is expected that the govt will establish regulations and norms for increasing sales during the forecast period.
China which is the global leader for sales of EVs has sold about 1.26 million EVs till the end of year 2019, still the Chinese market is having a great potential for EVs. These two countries are the major growing economies of the world. Growing income levels and environmental concerns in these major countries are also major reasons which would drive the market over the forecast period. In April 2020, the Chinese government has introduced 10% service tax waiver for Electric vehicles to boost the demand due to Covid-19 impact.
Get Analysis on Important Geographic Markets
Download PDF
Automotive Lithium-Ion Battery Industry Overview
The Automotive Li-ion market is highly fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the automotive Li-Ion market are Panasonic Corporation, Hitachi Ltd., BYD Co Ltd., Toshiba Corporation, LG Chem and others. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies that are increasing the life and performance of the automotive batteries. For instance, Exide batteries which is India's largest lead acid battery maker had formed a joint venture with Switzerland based Leclanch SA, which is one of world's leading energy storage solution company in June-19.
Automotive Lithium-Ion Battery Market Leaders
-
Panasonic Corporation
-
Hitachi Ltd.
-
Toshiba Corporation
-
Samsung SDI Co. Ltd.
-
LG Chem Ltd.
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
Automotive Lithium-Ion Battery Industry Segmentation
The automotive lithium ion battery market covers the latest trends and technological development in the automotive Li-ion batteries market, demand of the vehicle type (Battery Electric Vehicle, Plug in Hybrid Electric Vehicle and Hybrid Electric Vehicles), Channel Sales (OEMs and Aftermarket) and geography.
| Vehicle Type | Battery Electric Vehicle | ||
| Plug-in Hybrid Electric Vehicle | |||
| Hybrid Electric Vehicles | |||
| Channel Sales Type | OEMs | ||
| Aftermarket | |||
| Geography | North America | United States | |
| Canada | |||
| Rest of North America | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Rest of Europe | |||
| Asia Pacific | India | ||
| China | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Rest of the World | Brazil | ||
| Mexico | |||
| United Arab Emirates | |||
| Other Countries | |||
Need A Different Region or Segment?
Customize Now
Automotive Lithium-Ion Battery Market Research FAQs
What is the current Automotive Lithium Ion Battery Market size?
The Automotive Lithium Ion Battery Market is projected to register a CAGR of greater than 16% during the forecast period (2025-2030)
Who are the key players in Automotive Lithium Ion Battery Market?
Panasonic Corporation, Hitachi Ltd., Toshiba Corporation, Samsung SDI Co. Ltd. and LG Chem Ltd. are the major companies operating in the Automotive Lithium Ion Battery Market.
Which is the fastest growing region in Automotive Lithium Ion 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 Lithium Ion Battery Market?
In 2025, the Asia Pacific accounts for the largest market share in Automotive Lithium Ion Battery Market.
What years does this Automotive Lithium Ion Battery Market cover?
The report covers the Automotive Lithium Ion Battery Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Automotive Lithium Ion Battery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Automotive Lithium-Ion Battery Industry Report
Statistics for the 2025 Automotive Lithium Ion Battery market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Automotive Lithium Ion Battery 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.
