Automotive Battery Market Set for Steady Growth to USD 100.0 Billion by 2031, Led by Asia-Pacific's 55% Global Market Share | DataM Intelligence

The Global Automotive Battery Market reached USD 65.2 billion in 2022 and is projected to reach USD 100.0 billion by 2031, growing at a steady CAGR of 5.5% during 2024-2031.

Growth is driven by the rising adoption of electric vehicles, increasing demand for advanced battery technologies, and supportive government policies promoting clean mobility. Additionally, the expansion of automotive production and continuous improvements in battery efficiency and energy density are further propelling market expansion.

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United States: Key Industry Developments
✅ November 2025: Renesas unveiled the R-BMS F, a lithium-ion battery management platform with pre-validated firmware for 2-4 and 3-10 cell series applications in e-bikes and drones, simplifying battery pack design for automotive-related uses.​

✅ June 2025: Cummins India Limited launched Battery Energy Storage Systems (BESS), a modular and scalable solution supporting renewable energy integration for industries, with implications for U.S. automotive electrification efforts.​

Europe: Key Industry Developments
✅ October 2025: UK automotive sector highlighted promising battery innovations like sodium-ion and silicon anodes in the Battery 2025 Insight Report, emphasizing diverse chemistries to meet varying vehicle performance needs by 2030.​

✅ June 2025: Insights from global battery reports noted Europe's tightening regulations and supply chain shifts, positioning the region for advanced automotive battery technologies amid policy changes.​

Key Merges and Acquisitions(2025):
✅ Toyota and LG Energy Solution (LGES) finalize U.S. supply agreement: In December 2025, Toyota and LGES announced a definitive agreement for LGES to supply a significant volume of lithium-ion battery modules (20 GWh annually) for battery electric vehicles (BEVs) to be manufactured in the U.S. starting in 2026. This secures the raw material supply chain for future automotive production.

✅ Stellantis invests in European battery cell production: Throughout Q4 2025, Stellantis continued to inject capital into Automotive Cells Company (ACC), its joint venture with TotalEnergies and Mercedes-Benz, to ramp up gigafactory construction in France, Italy, and Germany to secure its domestic EV battery supply.

✅ BYD accelerates expansion of blade battery production: In November and December 2025, BYD announced plans to open several new battery production sites in China and Europe to meet the escalating demand for its proprietary blade batteries used in its own and other automakers' EVs.

Market Segmentation Analysis:
-By Battery: Lithium-Ion Leads Amid EV Shift
Lithium-Ion Batteries hold 25.9% market share in 2025, propelled by surging electric vehicle adoption, strict emission regulations, and superior energy density with longer lifespan and fast-charging.​
Lead-Acid Batteries maintain dominance in traditional vehicles due to low cost and reliability for starting applications, though facing gradual displacement by advanced types.​
Others, including Nickel and Sodium-Ion, capture smaller shares but grow via emerging tech innovations for niche high-performance needs.​

-By Engine: IC Engine Retains Largest Share
Internal Combustion (IC) Engine segment commands the highest revenue share in 2025, fueled by persistent global demand for affordable ICE vehicles, especially in emerging markets, relying on cost-effective lead-acid batteries.​
Electric Powertrain is poised for fastest CAGR through 2032, driven by EV proliferation, government clean energy policies, and battery advancements enabling efficient propulsion.​

-By Ampere Rating: No Clear Dominant Data
Specific market shares for Below 50 Ah, 50-70 Ah, and Above 70 Ah remain unavailable in current analyses, though lower ratings suit compact passenger cars while higher ones power commercial and heavy-duty applications.​

-By Vehicle: Passenger Vehicles Dominate Volume
Passenger Vehicles lead with the largest revenue share in 2025, boosted by rising electric/hybrid uptake, consumer eco-awareness, and incentives for low-emission personal transport.​
Commercial Vehicles follow with steady demand for robust batteries in fleets, supporting logistics growth amid electrification trends.​

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Growth Drivers:
-Surge in electric vehicle (EV) adoption worldwide, fueled by consumer demand for sustainable transport and expanding vehicle production.​

-Stringent government emission regulations and incentives, including tax benefits and subsidies promoting low-emission vehicles.​

-Advancements in battery technology, such as lithium-ion improvements, solid-state batteries, and fast-charging capabilities.​

-Declining battery costs through economies of scale, better manufacturing, and raw material efficiencies, enhancing EV affordability.​

-Expansion of charging infrastructure and investments in gigafactories to support growing EV fleets and energy storage needs.

Regional Insights:
-Asia Pacific commands the largest share of the automotive battery market, valued at USD 27.99 billion in 2025 out of a global projection approaching USD 130 billion, driven by robust electric vehicle adoption, government incentives, and manufacturing hubs in China (39.20% regional share), Japan, South Korea, and India. This dominance reflects expanding charging infrastructure and battery technology innovations, positioning the region for continued leadership through 2032.​

-North America follows with a substantial 46.01% global revenue share in 2025, fueled by strong demand for lead-acid batteries and growing EV infrastructure in the U.S., Canada, and Mexico. Investments in R&D and a mature automotive sector bolster its position amid rising hybrid and electric vehicle sales.​

-Europe secures the next largest portion, supported by stringent emission regulations, high EV penetration in Germany, France, and the UK, and advancements from leading automakers and battery suppliers. The region's market benefits from policies promoting sustainable transport, with projections indicating steady growth through 2030.

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Key Players:
Panasonic Corporation | LG Chem | GS Yuasa International Ltd. | Robert Bosch GmbH | Hitachi, Ltd. | Exide Industries Ltd. | A123 Systems LLC | Samsung SDI Co., Ltd. | BYD Motors Inc.

Key Highlights (Top 4 Key Players) for Automotive Battery Market:
-LG Energy Solution holds a strong position with premium lithium-ion batteries, securing major supply deals like a $5 billion partnership with General Motors for U.S. manufacturing.​

-Panasonic Holdings reported automotive battery sales of 481.2 billion yen for in-vehicle business in fiscal 2025, despite a 20% year-on-year decline amid EV market challenges.​

-Samsung SDI Co., Ltd. maintains leadership via advanced NMC battery tech for high-performance EVs, contributing significantly to value-based market share.​

-BYD Co. Ltd. expands rapidly with cost-effective LFP batteries, leveraging government support and in-house EV production for growing global presence.

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