Automotive Lithium-ion Battery Cell Market size was valued at USD 45 Billion in 2024 and is projected to reach USD 120 Billion by 2033, exhibiting a CAGR of 12.5% from 2026 to 2033.
The global automotive lithium ion battery cell market was valued at USD 38.1 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 22.5% from 2023 to 2030. The rising adoption of electric vehicles (EVs), growing environmental concerns, and advancements in battery technology are key drivers of market growth. In 2022, the markets volume was estimated at approximately 500 GWh, with significant growth expected due to the increasing demand for energy efficient solutions in the automotive industry. The markets expansion is primarily driven by the need for high performance batteries in electric cars, hybrids, and plug in hybrid vehicles. In addition, government incentives and regulations supporting the transition to cleaner mobility solutions further contribute to market acceleration. The rising investments in the development of battery manufacturing infrastructure are also expected to support the markets growth trajectory over the forecast period.
Regionally, Asia Pacific held the largest market share in 2022, accounting for over 50% of the total automotive lithium ion battery cell market revenue, with a value exceeding USD 19 billion. The region is expected to maintain its dominance due to strong demand for electric vehicles, especially in countries like China, Japan, and South Korea. North America and Europe are also emerging as significant contributors, with market shares of approximately 20% and 18%, respectively. Both regions are witnessing increasing electric vehicle adoption, spurred by government policies and the push towards reducing carbon emissions. The North American market is poised to expand at a CAGR of 25%, while Europe is expected to grow at a CAGR of 21%, driven by the growth of EV manufacturing and infrastructure in these regions.
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Duracell
Energizer Brands
Samsung SDI
Toshiba
Contemporary Amperex Technology
Hitachi Chemical
Automotive Energy Supply
GS Yuasa International
Johnson Controls
Future Hi-Tech Batteries
Tianjin Lishen Battery
Hunan Shanshan Toda Advanced Materials
Panasonic Corporation
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Lithium-ion Battery Cell Market
NCA (Nickel Cobalt Aluminum Oxide)
NMC (Nickel Manganese Cobalt)
LFP (Lithium Iron Phosphate)
LI-S (Lithium Sulfur)
LMO (Lithium Manganese Oxide)
Below 30 Ah
30-50 Ah
51-100 Ah
Above 100 Ah
Below 30 Ah
30-50 Ah
51-100 Ah
Above 100 Ah
Passenger Vehicles
Commercial Vehicles
Electric Buses
Two-Wheelers
Stationary Energy Storage Systems
Original Equipment Manufacturers (OEMs)
Aftermarket
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Lithium-ion Battery Cell Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Lithium-ion Battery Cell Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Lithium-ion Battery Cell Market, By Type
6. Global Automotive Lithium-ion Battery Cell Market, By Application
7. Global Automotive Lithium-ion Battery Cell Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Lithium-ion Battery Cell Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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