Press release
United States Automotive Battery Market Size to hitting USD 100.0 billion by 2031 | Major Players - A123 Systems LLC, Samsung SDI Co., Ltd and BYD Motors Inc.
Automotive Battery Market reached USD 65.2 billion in 2022 and is expected to reach USD 100.0 billion by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/automotive-battery-market?kb
United States: Recent Industry Developments
✅ January 2026: Tesla announced expansion of its Gigafactory battery production capacity in Nevada to meet growing EV demand.
✅ December 2025: QuantumScape revealed progress in solid-state battery prototypes promising higher energy density and faster charging.
✅ November 2025: GM launched partnerships with battery recyclers to enhance sustainability in automotive battery lifecycle management.
Japan: Recent Industry Developments
✅ January 2026: Panasonic introduced next-gen lithium-ion batteries optimized for electric and hybrid vehicles with extended lifespan.
✅ December 2025: Toyota invested in joint ventures focusing on solid-state battery commercialization by 2027.
✅ November 2025: Hitachi Chemical developed advanced cathode materials to improve battery efficiency and safety in EVs.
List of Top Key Player:
Panasonic Corporation, LG Chem, GS Yuasa International Ltd., Robert Bosch GmBH, Hitachi, Ltd., Exide Industries Ltd., A123 Systems LLC, Samsung SDI Co., Ltd and BYD Motors Inc.
Industry Developments:
January 2026
• Major OEMs announce partnerships with solid-state battery startups to accelerate commercialization.
• Governments across Europe introduce new incentives to boost EV battery recycling initiatives.
• Breakthroughs reported in fast-charging lithium-ion technology, reducing charging times by 30%.
December 2025
• Leading battery manufacturers expand production capacity in Asia to meet rising EV demand.
• New regulations in North America mandate stricter battery safety standards for automotive applications.
• Investment surges in battery raw material mining, especially lithium and nickel.
November 2025
• Industry witnesses a rise in second-life battery applications for grid storage solutions.
• Automakers reveal plans to integrate AI-powered battery management systems in upcoming EV models.
• Collaborations announced between battery producers and recyclers to improve supply chain sustainability.
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Forecast Projection:
The Global Automotive Battery Market is poised for significant growth between 2025 and 2032. In 2024, the market maintained a steady upward trajectory, and with strategic initiatives by leading players accelerating adoption, the market is expected to soar throughout the forecast period. Companies leveraging these trends are well-positioned to capture emerging opportunities and maximize revenue potential.
Market Key Segmentations:
• By Battery Type:
Lithium-Ion Batteries lead with a commanding 55% market share, driven by rising EV adoption and superior energy density. Lead-Acid Batteries hold around 35%, still favored for traditional vehicles and cost-efficiency.
• By Engine Type:
Electric Powertrain vehicles account for 48% of the market demand, reflecting the accelerating shift towards electrification. Internal Combustion (IC) Engine vehicles retain a 52% share, driven by legacy vehicle fleets.
• By Ampere Rating:
Batteries Above 70 Ah dominate with 50% share, catering to high-performance and long-range electric vehicles. Below 50 Ah and 50-70 Ah segments share the remainder, serving smaller passenger vehicles and commercial applications.
• By Vehicle Type:
Passenger Vehicles constitute the largest share at 60%, driven by consumer EV growth, while Commercial Vehicles hold 40%, fueled by fleet electrification initiatives.
Regional Growth Analysis:
⇥ North America - 28%
Strong demand from electric vehicles (EVs) growth and government incentives for clean mobility.
⇥ Europe - 26%
Driven by strict emission norms and rapid adoption of EVs across Western and Northern Europe.
⇥ Asia-Pacific - 36%
Largest market due to high EV production, battery manufacturing hubs, and supportive policies in China, Japan, and South Korea.
⇥ Middle East & Africa - 5%
Growing adoption of EVs and investments in renewable energy integration are fueling market growth.
⇥ South America - 5%
Emerging EV market with gradual infrastructure development and government support for sustainable transport.
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Latest Mergers & Acquisitions Update
✦ American Axle & Manufacturing's acquisition of Dowlais Group (owner of GKN Automotive) gets China approval - boosting scale amid EV transition and supply chain shifts.
✦ U.S. battery startup Lyten to acquire most assets of bankrupt European battery maker Northvolt, including facilities in Sweden & Germany to restart production.
✦ Northvolt sells its industrial battery unit in Poland to Scania as part of broader restructuring and operational consolidation.
✦ StoreDot merges with Andretti Acquisition Corp. II to form XFC Battery (Pubco) a move to commercialize extreme fast charging EV battery tech.
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