Traction Battery Market begins to take bite out of Versioned Long Term Growth

The Latest research coverage on Traction Battery Market provides a detailed overview and accurate market size. The study is designed considering current and historical trends, market development and business strategies taken up by leaders and new industry players entering the market. Furthermore, study includes an in-depth analysis of global and regional markets along with country level market size breakdown to identify potential gaps and opportunities to better investigate market status, development activity, value and growth patterns.

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Major & Emerging Players in Traction Battery Market:-
Johnson Controls (United States), East Penn Manufacturing (United States), Samsung (South Korea), Mitsubishi (Japan), Hitachi (Japan), BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Enersys (United States), Systems Sunlight (United States).

The Traction Battery Market Study by AMA Research gives an essential tool and source to Industry stakeholders to figure out the market and other fundamental technicalities, covering growth, opportunities, competitive scenarios, and key trends in the Traction Battery market.

Traction Battery are the electric vehicle battery which are rechargeable. These are used in forklifts, golf carts, floor scrubbers and others. The batteries are characterised by power to weight ratio, specific energy and energy density as it makes up the cost of the vehicle. The advancements in batteries has helped to improve the efficiency and reduce costs which is boosting the market of electric vehicle. The weight of the battery pack is 1.3 to 1.5 times greater than that of cells and the power consumption depends on the weights of the vehicle. According to IEA the global sales of the electric vehicle passed 1.98 million units in 2018 and raising global stock to 5.12 million. This growth is primarily driven by Increasing Demand for Hybrid and Electric Vehicles and Usage of Batteries in Different Types of Vehicles.

The titled segments and sub-section of the market are illuminated below: by Type (Lead Acid, Li-Ion, Nickel Based, Others), Application (Electric Vehicles, Industrial, E-bikes), Distribution (OEM, Aftermarket), Cells (2 Volt cells, 4 volt cells, 6volt cells, 8 volt cells, 12 volt cells)
Market Drivers:
Increasing Demand for Hybrid and Electric Vehicles
Usage of Batteries in Different Types of Vehicles

Market Trends:
Increasing Need of Environment Friendly Vehicles
Ongoing Research and Development on Li-Ion Batteries to Improve the Performance

Opportunities:
Government Initiatives towards the Electric Vehicles
Decrease in Battery Expenses is Creating an Opportunity for the Traction Batteries

Challenges:
Non Availability of Cheaper Substitutes in the Market
High Competition Due to the Presence of Major Players

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Some Point of Table of Content:
Chapter One: Report Overview
Chapter Two: Global Market Growth Trends
Chapter Three: Value Chain of Traction Battery Market
Chapter Four: Players Profiles
Chapter Five: Global Traction Battery Market Analysis by Regions
Chapter Six: North America Traction Battery Market Analysis by Countries
Chapter Seven: Europe Traction Battery Market Analysis by Countries
Chapter Eight: Asia-Pacific Traction Battery Market Analysis by Countries
Chapter Nine: Middle East and Africa Traction Battery Market Analysis by Countries
Chapter Ten: South America Traction Battery Market Analysis by Countries
Chapter Eleven: Global Traction Battery Market Segment by Types
Chapter Twelve: Global Traction Battery Market Segment by Applications

What are the market factors that are explained in the Traction Battery Market report?
- Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
- Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
- Analytical Tools: The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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