APO RESEARCH · REPORT
Traction Battery
Traction batteries, also known as electric vehicle batteries (EVB), are used to power electric or hybrid vehicles.
Product & engineering
Understand the product.
Traction batteries, also known as electric vehicle batteries (EVB), are used to power electric or hybrid vehicles.
Selected research
Industry Research
Traction Battery Industry Research Report 2026
Market perspective
Traction batteries, also known as electric vehicle batteries (EVB), are used to power electric or hybrid vehicles.
The top 3 players held about 31% of the market share, in terms of the globle traction battery revenue in 2018.
Report Scope
Read the full market overview
This report quantifies the global Traction Battery market in terms of revenue (US$ million) and, where applicable, service volume (Piece), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/Piece) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Traction Battery.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Traction Battery Market by Company
Panasonic
Contemporary Amperex Technology Limited (CATL)
LG Chem
BYD
GS Yuasa
Gotion, Inc.
CSICP
Lishen
East Penn Manufacturing
Clarios
Enersys
Traction Battery Segment by Type
Open Lead Acid Battery
Pure Lead Battery
Gel Battery
Lithium-Ion Battery
Traction Battery Segment by Application
Industrial Vehicles
Recreational Vehicles
Traction Battery Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Traction Battery market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Traction Battery and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Traction Battery.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Traction Battery companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Open Lead Acid Battery
- Pure Lead Battery
- Gel Battery
- Lithium-Ion Battery
Applications
- Industrial Vehicles
- Recreational Vehicles
Companies covered
- Panasonic
- Contemporary Amperex Technology Limited (CATL)
- LG Chem
- BYD
- GS Yuasa
- Gotion, Inc.
- CSICP
- Lishen
- East Penn Manufacturing
- Clarios
- Enersys
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Traction Battery by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Open Lead Acid Battery
- 2.2.3 Pure Lead Battery
- 2.2.4 Gel Battery
- 2.2.5 Lithium-Ion Battery
- 2.3 Traction Battery by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Industrial Vehicles
- 2.3.3 Recreational Vehicles
- 2.4 Assumptions and Limitations
3 Traction Battery Breakdown Data by Type
- 3.1 Global Traction Battery Historic Market Size by Type (2021-2026)
- 3.2 Global Traction Battery Forecasted Market Size by Type (2027-2032)
4 Traction Battery Breakdown Data by Application
- 4.1 Global Traction Battery Historic Market Size by Application (2021-2026)
- 4.2 Global Traction Battery Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Traction Battery Market Perspective (2021-2032)
- 5.2 Global Traction Battery Growth Trends by Region
- 5.2.1 Global Traction Battery Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Traction Battery Historic Market Size by Region (2021-2026)
- 5.2.3 Traction Battery Forecasted Market Size by Region (2027-2032)
- 5.3 Traction Battery Market Dynamics
- 5.3.1 Traction Battery Industry Trends
- 5.3.2 Traction Battery Market Drivers
- 5.3.3 Traction Battery Market Challenges
- 5.3.4 Traction Battery Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Traction Battery Players by Revenue
- 6.1.1 Global Top Traction Battery Players by Revenue (2021-2026)
- 6.1.2 Global Traction Battery Revenue Market Share by Players (2021-2026)
- 6.2 Global Traction Battery Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Traction Battery Head Office and Area Served
- 6.4 Global Traction Battery Players, Product Type & Application
- 6.5 Global Traction Battery Manufacturers Established Date
- 6.6 Global Traction Battery Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Traction Battery Market Size (2021-2032)
- 7.2 North America Traction Battery Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Traction Battery Market Size by Country (2021-2026)
- 7.4 North America Traction Battery Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Traction Battery Market Size (2021-2032)
- 8.2 Europe Traction Battery Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Traction Battery Market Size by Country (2021-2026)
- 8.4 Europe Traction Battery Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Traction Battery Market Size (2021-2032)
- 9.2 Asia-Pacific Traction Battery Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Traction Battery Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Traction Battery Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Traction Battery Market Size (2021-2032)
- 10.2 South America Traction Battery Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Traction Battery Market Size by Country (2021-2026)
- 10.4 South America Traction Battery Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Traction Battery Market Size (2021-2032)
- 11.2 Middle East & Africa Traction Battery Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Traction Battery Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Traction Battery Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Panasonic
- 12.1.1 Panasonic Company Information
- 12.1.2 Panasonic Business Overview
- 12.1.3 Panasonic Revenue in Traction Battery Business (2021-2026)
- 12.1.4 Panasonic Traction Battery Product Portfolio
- 12.1.5 Panasonic Recent Developments
- 12.2 Contemporary Amperex Technology Limited (CATL)
- 12.2.1 Contemporary Amperex Technology Limited (CATL) Company Information
- 12.2.2 Contemporary Amperex Technology Limited (CATL) Business Overview
- 12.2.3 Contemporary Amperex Technology Limited (CATL) Revenue in Traction Battery Business (2021-2026)
- 12.2.4 Contemporary Amperex Technology Limited (CATL) Traction Battery Product Portfolio
- 12.2.5 Contemporary Amperex Technology Limited (CATL) Recent Developments
- 12.3 LG Chem
- 12.3.1 LG Chem Company Information
- 12.3.2 LG Chem Business Overview
- 12.3.3 LG Chem Revenue in Traction Battery Business (2021-2026)
- 12.3.4 LG Chem Traction Battery Product Portfolio
- 12.3.5 LG Chem Recent Developments
- 12.4 BYD
- 12.4.1 BYD Company Information
- 12.4.2 BYD Business Overview
- 12.4.3 BYD Revenue in Traction Battery Business (2021-2026)
- 12.4.4 BYD Traction Battery Product Portfolio
- 12.4.5 BYD Recent Developments
- 12.5 GS Yuasa
- 12.5.1 GS Yuasa Company Information
- 12.5.2 GS Yuasa Business Overview
- 12.5.3 GS Yuasa Revenue in Traction Battery Business (2021-2026)
- 12.5.4 GS Yuasa Traction Battery Product Portfolio
- 12.5.5 GS Yuasa Recent Developments
- 12.6 Gotion, Inc.
- 12.6.1 Gotion, Inc. Company Information
- 12.6.2 Gotion, Inc. Business Overview
- 12.6.3 Gotion, Inc. Revenue in Traction Battery Business (2021-2026)
- 12.6.4 Gotion, Inc. Traction Battery Product Portfolio
- 12.6.5 Gotion, Inc. Recent Developments
- 12.7 CSICP
- 12.7.1 CSICP Company Information
- 12.7.2 CSICP Business Overview
- 12.7.3 CSICP Revenue in Traction Battery Business (2021-2026)
- 12.7.4 CSICP Traction Battery Product Portfolio
- 12.7.5 CSICP Recent Developments
- 12.8 Lishen
- 12.8.1 Lishen Company Information
- 12.8.2 Lishen Business Overview
- 12.8.3 Lishen Revenue in Traction Battery Business (2021-2026)
- 12.8.4 Lishen Traction Battery Product Portfolio
- 12.8.5 Lishen Recent Developments
- 12.9 East Penn Manufacturing
- 12.9.1 East Penn Manufacturing Company Information
- 12.9.2 East Penn Manufacturing Business Overview
- 12.9.3 East Penn Manufacturing Revenue in Traction Battery Business (2021-2026)
- 12.9.4 East Penn Manufacturing Traction Battery Product Portfolio
- 12.9.5 East Penn Manufacturing Recent Developments
- 12.10 Clarios
- 12.10.1 Clarios Company Information
- 12.10.2 Clarios Business Overview
- 12.10.3 Clarios Revenue in Traction Battery Business (2021-2026)
- 12.10.4 Clarios Traction Battery Product Portfolio
- 12.10.5 Clarios Recent Developments
- 12.11 Enersys
- 12.11.1 Enersys Company Information
- 12.11.2 Enersys Business Overview
- 12.11.3 Enersys Revenue in Traction Battery Business (2021-2026)
- 12.11.4 Enersys Traction Battery Product Portfolio
- 12.11.5 Enersys Recent Developments
13 Report Conclusion
14 Disclaimer
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