The global electric vehicle battery market size accounted for USD 76.59 billion in 2025 and is forecasted to hit around USD 739.31 billion by 2034, representing a CAGR of 25.95% from 2025 to 2034. The Asia Pacific market size was estimated at USD 271.33 billion in 2024 and is expanding at a CAGR of 26.20% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
7.1. Electric Vehicle Battery Market, by Battery Type
7.1.1. Lithium-Ion Battery
7.1.1.1. Market Revenue and Forecast
7.1.2. Solid-State Battery
7.1.2.1. Market Revenue and Forecast
7.1.3. Nickel-Metal Hydride Battery
7.1.3.1. Market Revenue and Forecast
7.1.4. Lead-Acid Battery
7.1.4.1. Market Revenue and Forecast
7.1.5. Ultracapacitors
7.1.5.1. Market Revenue and Forecast
8.1. Electric Vehicle Battery Market, by Vehicle Type
8.1.1. Battery Electric Vehicle (BEV)
8.1.1.1. Market Revenue and Forecast
8.1.2. Plug-in Hybrid Electric Vehicle (PHEV)
8.1.2.1. Market Revenue and Forecast
8.1.3. Hybrid Electric Vehicle (HEV)
8.1.3.1. Market Revenue and Forecast
8.1.4. Fuel Cell Electric Vehicle (FCEV)
8.1.4.1. Market Revenue and Forecast
9.1. Electric Vehicle Battery Market, by Battery Capacity
9.1.1. <30 kWh
9.1.1.1. Market Revenue and Forecast
9.1.2. 30–60 kWh
9.1.2.1. Market Revenue and Forecast
9.1.3. 61–90 kWh
9.1.3.1. Market Revenue and Forecast
9.1.4. 90 kWh
9.1.4.1. Market Revenue and Forecast
10.1. Electric Vehicle Battery Market, by Form
10.1.1. Prismatic
10.1.1.1. Market Revenue and Forecast
10.1.2. Cylindrical
10.1.2.1. Market Revenue and Forecast
10.1.3. Pouch
10.1.3.1. Market Revenue and Forecast
11.1. Electric Vehicle Battery Market, by Propulsion Type
11.1.1. Front-Wheel Drive (FWD)
11.1.1.1. Market Revenue and Forecast
11.1.2. Rear-Wheel Drive (RWD)
11.1.2.1. Market Revenue and Forecast
11.1.3. All-Wheel Drive (AWD)
11.1.3.1. Market Revenue and Forecast
12.1. Electric Vehicle Battery Market, by Application
12.1.1. Passenger Vehicles
12.1.1.1. Market Revenue and Forecast
12.1.2. Heavy Commercial Vehicles
12.1.2.1. Market Revenue and Forecast
12.1.3. Two-Wheelers
12.1.3.1. Market Revenue and Forecast
12.1.4. Off-Highway Vehicles
12.1.4.1. Market Revenue and Forecast
12.1.5. Buses
12.1.5.1. Market Revenue and Forecast
13.1. Electric Vehicle Battery Market, by Sales Channel
13.1.1. OEM
13.1.1.1. Market Revenue and Forecast
13.1.2. Aftermarket
13.1.2.1. Market Revenue and Forecast
14.1. Electric Vehicle Battery Market, by Component
14.1.1. Battery Cells
14.1.1.1. Market Revenue and Forecast
14.1.2. Battery Packs
14.1.2.1. Market Revenue and Forecast
14.1.3. Battery Management Systems (BMS)
14.1.3.1. Market Revenue and Forecast
14.1.4. Thermal Management Systems
14.1.4.1. Market Revenue and Forecast
14.1.5. Battery Enclosures
14.1.5.1. Market Revenue and Forecast
15.1. Electric Vehicle Battery Market, by Charging Type
15.1.1. Slow Charging
151.1.1. Market Revenue and Forecast
15.1.2. Fast Charging
15.1.2.1. Market Revenue and Forecast
16.1. North America
16.1.1. Market Revenue and Forecast, by Battery Type
16.1.2. Market Revenue and Forecast, by Vehicle Type
16.1.3. Market Revenue and Forecast, by Battery Capacity
16.1.4. Market Revenue and Forecast, by Form
16.1.5. Market Revenue and Forecast, by Propulsion Type
16.1.6. Market Revenue and Forecast, by Application
16.1.7. Market Revenue and Forecast, by Sales Channel
16.1.8. Market Revenue and Forecast, by Component
16.1.9. Market Revenue and Forecast, by Charging Type
16.1.9. U.S.
16.1.9.1. Market Revenue and Forecast, by Battery Type
16.1.9.2. Market Revenue and Forecast, by Vehicle Type
16.1.9.3. Market Revenue and Forecast, by Battery Capacity
16.1.9.4. Market Revenue and Forecast, by Form
16.1.9.5. Market Revenue and Forecast, by Propulsion Type
16.1.9.6. Market Revenue and Forecast, by Application
16.1.9.7. Market Revenue and Forecast, by Sales Channel
16.1.9.8. Market Revenue and Forecast, by Component
16.1.9.9. Market Revenue and Forecast, by Charging Type
16.1.10. Rest of North America
16.1.10.1. Market Revenue and Forecast, by Battery Type
16.1.10.2. Market Revenue and Forecast, by Vehicle Type
16.1.10.3. Market Revenue and Forecast, by Battery Capacity
16.1.10.4. Market Revenue and Forecast, by Form
16.1.10.5. Market Revenue and Forecast, by Propulsion Type
16.1.10.6. Market Revenue and Forecast, by Application
16.1.10.7. Market Revenue and Forecast, by Sales Channel
16.1.10.8. Market Revenue and Forecast, by Component
16.1.10.9. Market Revenue and Forecast, by Charging Type
16.2. Europe
16.2.1. Market Revenue and Forecast, by Battery Type
16.2.2. Market Revenue and Forecast, by Vehicle Type
16.2.3. Market Revenue and Forecast, by Battery Capacity
16.2.4. Market Revenue and Forecast, by Form
16.2.5. Market Revenue and Forecast, by Propulsion Type
16.2.6. Market Revenue and Forecast, by Application
16.2.7. Market Revenue and Forecast, by Sales Channel
16.2.8. Market Revenue and Forecast, by Component
16.2.9. Market Revenue and Forecast, by Charging Type
15.2.9. UK
16.2.9.1. Market Revenue and Forecast, by Battery Type
16.2.9.2. Market Revenue and Forecast, by Vehicle Type
16.2.9.3. Market Revenue and Forecast, by Battery Capacity
16.2.9.4. Market Revenue and Forecast, by Form
16.2.9.5. Market Revenue and Forecast, by Propulsion Type
16.2.9.6. Market Revenue and Forecast, by Application
16.2.9.7. Market Revenue and Forecast, by Sales Channel
16.2.9.8. Market Revenue and Forecast, by Component
16.2.9.9. Market Revenue and Forecast, by Charging Type
16.2.10. Germany
16.2.10.1. Market Revenue and Forecast, by Battery Type
16.2.10.2. Market Revenue and Forecast, by Vehicle Type
16.2.10.3. Market Revenue and Forecast, by Battery Capacity
16.2.10.4. Market Revenue and Forecast, by Form
16.2.10.5. Market Revenue and Forecast, by Propulsion Type
16.2.10.6. Market Revenue and Forecast, by Application
16.2.10.7. Market Revenue and Forecast, by Sales Channel
16.2.10.8. Market Revenue and Forecast, by Component
16.2.10.9. Market Revenue and Forecast, by Charging Type
16.2.11. France
16.2.11.1. Market Revenue and Forecast, by Battery Type
16.2.11.2. Market Revenue and Forecast, by Vehicle Type
16.2.11.3. Market Revenue and Forecast, by Battery Capacity
16.2.11.4. Market Revenue and Forecast, by Form
16.2.11.5. Market Revenue and Forecast, by Propulsion Type
16.2.11.6. Market Revenue and Forecast, by Application
16.2.11.7. Market Revenue and Forecast, by Sales Channel
16.2.11.8. Market Revenue and Forecast, by Component
16.2.11.9. Market Revenue and Forecast, by Charging Type
16.2.12. Rest of Europe
16.2.12.1. Market Revenue and Forecast, by Battery Type
16.2.12.2. Market Revenue and Forecast, by Vehicle Type
16.2.12.3. Market Revenue and Forecast, by Battery Capacity
16.2.12.4. Market Revenue and Forecast, by Form
16.2.12.5. Market Revenue and Forecast, by Propulsion Type
16.2.12.6. Market Revenue and Forecast, by Application
16.2.12.7. Market Revenue and Forecast, by Sales Channel
16.2.12.8. Market Revenue and Forecast, by Component
16.2.12.9. Market Revenue and Forecast, by Charging Type
16.3. APAC
16.3.1. Market Revenue and Forecast, by Battery Type
16.3.2. Market Revenue and Forecast, by Vehicle Type
16.3.3. Market Revenue and Forecast, by Battery Capacity
16.3.4. Market Revenue and Forecast, by Form
16.3.5. Market Revenue and Forecast, by Propulsion Type
16.3.6. Market Revenue and Forecast, by Application
16.3.7. Market Revenue and Forecast, by Sales Channel
16.3.8. Market Revenue and Forecast, by Component
16.3.9. Market Revenue and Forecast, by Charging Type
16.3.9. India
16.3.9.1. Market Revenue and Forecast, by Battery Type
16.3.9.2. Market Revenue and Forecast, by Vehicle Type
16.3.9.3. Market Revenue and Forecast, by Battery Capacity
16.3.9.4. Market Revenue and Forecast, by Form
16.3.9.5. Market Revenue and Forecast, by Propulsion Type
16.3.9.6. Market Revenue and Forecast, by Application
16.3.9.7. Market Revenue and Forecast, by Sales Channel
16.3.9.8. Market Revenue and Forecast, by Component
16.3.9.9. Market Revenue and Forecast, by Charging Type
16.3.10. China
16.3.10.1. Market Revenue and Forecast, by Battery Type
16.3.10.2. Market Revenue and Forecast, by Vehicle Type
16.3.10.3. Market Revenue and Forecast, by Battery Capacity
16.3.10.4. Market Revenue and Forecast, by Form
16.3.10.5. Market Revenue and Forecast, by Propulsion Type
16.3.10.6. Market Revenue and Forecast, by Application
16.3.10.7. Market Revenue and Forecast, by Sales Channel
16.3.10.8. Market Revenue and Forecast, by Component
16.3.10.9. Market Revenue and Forecast, by Charging Type
16.3.11. Japan
16.3.11.1. Market Revenue and Forecast, by Battery Type
16.3.11.2. Market Revenue and Forecast, by Vehicle Type
16.3.11.3. Market Revenue and Forecast, by Battery Capacity
16.3.11.4. Market Revenue and Forecast, by Form
16.3.11.5. Market Revenue and Forecast, by Propulsion Type
16.3.11.6. Market Revenue and Forecast, by Application
16.3.11.7. Market Revenue and Forecast, by Sales Channel
16.3.11.8. Market Revenue and Forecast, by Component
16.3.11.9. Market Revenue and Forecast, by Charging Type
16.3.12. Rest of APAC
16.3.12.1. Market Revenue and Forecast, by Battery Type
16.3.12.2. Market Revenue and Forecast, by Vehicle Type
16.3.12.3. Market Revenue and Forecast, by Battery Capacity
16.3.12.4. Market Revenue and Forecast, by Form
16.3.12.5. Market Revenue and Forecast, by Propulsion Type
16.3.12.6. Market Revenue and Forecast, by Application
16.3.12.7. Market Revenue and Forecast, by Sales Channel
16.3.12.8. Market Revenue and Forecast, by Component
16.3.12.9. Market Revenue and Forecast, by Charging Type
16.4. MEA
16.4.1. Market Revenue and Forecast, by Battery Type
16.4.2. Market Revenue and Forecast, by Vehicle Type
16.4.3. Market Revenue and Forecast, by Battery Capacity
16.4.4. Market Revenue and Forecast, by Form
16.4.5. Market Revenue and Forecast, by Propulsion Type
16.4.6. Market Revenue and Forecast, by Application
16.4.7. Market Revenue and Forecast, by Sales Channel
16.4.8. Market Revenue and Forecast, by Component
16.4.9. Market Revenue and Forecast, by Charging Type
16.4.9. GCC
16.4.9.1. Market Revenue and Forecast, by Battery Type
16.4.9.2. Market Revenue and Forecast, by Vehicle Type
16.4.9.3. Market Revenue and Forecast, by Battery Capacity
16.4.9.4. Market Revenue and Forecast, by Form
16.4.9.5. Market Revenue and Forecast, by Propulsion Type
16.4.9.6. Market Revenue and Forecast, by Application
16.4.9.7. Market Revenue and Forecast, by Sales Channel
16.4.9.8. Market Revenue and Forecast, by Component
16.4.9.9. Market Revenue and Forecast, by Charging Type
16.4.10. North Africa
16.4.10.1. Market Revenue and Forecast, by Battery Type
16.4.10.2. Market Revenue and Forecast, by Vehicle Type
16.4.10.3. Market Revenue and Forecast, by Battery Capacity
16.4.10.4. Market Revenue and Forecast, by Form
16.4.10.5. Market Revenue and Forecast, by Propulsion Type
16.4.10.6. Market Revenue and Forecast, by Application
16.4.10.7. Market Revenue and Forecast, by Sales Channel
16.4.10.8. Market Revenue and Forecast, by Component
16.4.10.9. Market Revenue and Forecast, by Charging Type
16.4.11. South Africa
16.4.11.1. Market Revenue and Forecast, by Battery Type
16.4.11.2. Market Revenue and Forecast, by Vehicle Type
16.4.11.3. Market Revenue and Forecast, by Battery Capacity
16.4.11.4. Market Revenue and Forecast, by Form
16.4.11.5. Market Revenue and Forecast, by Propulsion Type
16.4.11.6. Market Revenue and Forecast, by Application
16.4.11.7. Market Revenue and Forecast, by Sales Channel
16.4.11.8. Market Revenue and Forecast, by Component
16.4.11.9. Market Revenue and Forecast, by Charging Type
16.4.12. Rest of MEA
16.4.12.1. Market Revenue and Forecast, by Battery Type
16.4.12.2. Market Revenue and Forecast, by Vehicle Type
16.4.12.3. Market Revenue and Forecast, by Battery Capacity
16.4.12.4. Market Revenue and Forecast, by Form
16.4.12.5. Market Revenue and Forecast, by Propulsion Type
16.4.12.6. Market Revenue and Forecast, by Application
16.4.12.7. Market Revenue and Forecast, by Sales Channel
16.4.12.8. Market Revenue and Forecast, by Component
16.4.12.9. Market Revenue and Forecast, by Charging Type
16.5. Latin America
16.5.1. Market Revenue and Forecast, by Battery Type
16.5.2. Market Revenue and Forecast, by Vehicle Type
16.5.3. Market Revenue and Forecast, by Battery Capacity
16.5.4. Market Revenue and Forecast, by Form
16.5.5. Market Revenue and Forecast, by Propulsion Type
16.5.6. Market Revenue and Forecast, by Application
16.5.7. Market Revenue and Forecast, by Sales Channel
16.5.8. Market Revenue and Forecast, by Component
16.5.9. Market Revenue and Forecast, by Charging Type
16.5.9. Brazil
16.5.9.1. Market Revenue and Forecast, by Battery Type
16.5.9.2. Market Revenue and Forecast, by Vehicle Type
16.5.9.3. Market Revenue and Forecast, by Battery Capacity
16.5.9.4. Market Revenue and Forecast, by Form
16.5.9.5. Market Revenue and Forecast, by Propulsion Type
16.5.9.6. Market Revenue and Forecast, by Application
16.5.9.7. Market Revenue and Forecast, by Sales Channel
16.5.9.8. Market Revenue and Forecast, by Component
16.5.9.9. Market Revenue and Forecast, by Charging Type
16.5.10. Rest of LATAM
16.5.10.1. Market Revenue and Forecast, by Battery Type
16.5.10.2. Market Revenue and Forecast, by Vehicle Type
16.5.10.3. Market Revenue and Forecast, by Battery Capacity
16.5.10.4. Market Revenue and Forecast, by Form
16.5.10.5. Market Revenue and Forecast, by Propulsion Type
16.5.10.6. Market Revenue and Forecast, by Application
16.5.10.7. Market Revenue and Forecast, by Sales Channel
16.5.10.8. Market Revenue and Forecast, by Component
16.5.10.9. Market Revenue and Forecast, by Charging Type
17.1. Hitachi, LTD.
17.1.1. Company Overview
17.1.2. Product Offerings
17.1.3. Financial Performance
17.1.4. Recent Initiatives
17.2. Sony Group Corporation
17.2.1. Company Overview
17.2.2. Product Offerings
17.2.3. Financial Performance
17.2.4. Recent Initiatives
17.3. ATLASBX Co. Ltd.
17.3.1. Company Overview
17.3.2. Product Offerings
17.3.3. Financial Performance
17.3.4. Recent Initiatives
17.4. Zhejiang Narada Power Sour
17.4.1. Company Overview
17.4.2. Product Offerings
17.4.3. Financial Performance
17.4.4. Recent Initiatives
17.5. BB Battery Co.
17.5.1. Company Overview
17.5.2. Product Offerings
17.5.3. Financial Performance
17.5.4. Recent Initiatives
17.6. Panasonic Energy Co., Ltd.
17.6.1. Company Overview
17.6.2. Product Offerings
17.6.3. Financial Performance
17.6.4. Recent Initiatives
17.7. Narada Power Source Co., Ltd.
17.7.1. Company Overview
17.7.2. Product Offerings
17.7.3. Financial Performance
17.7.4. Recent Initiatives
17.8. Robert Bosch LLC
17.8.1. Company Overview
17.8.2. Product Offerings
17.8.3. Financial Performance
17.8.4. Recent Initiatives
17.9. Crown Battery
17.9.1. Company Overview
17.9.2. Product Offerings
17.9.3. Financial Performance
17.9.4. Recent Initiatives
17.10. EnerSys, Inc.
17.10.1. Company Overview
17.10.2. Product Offerings
17.10.3. Financial Performance
17.10.4. Recent Initiatives
18.7. Primary Research
18.7. Secondary Research
18.7. Assumptions
19.1. About Us
19.2. Glossary of Terms
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