PUBLISHER: BCC Research | PRODUCT CODE: 1322933
PUBLISHER: BCC Research | PRODUCT CODE: 1322933
The global electric vehicle batteries market should reach $161.3 billion by 2028 from $66.4 billion in 2023 at a compound annual growth rate (CAGR) of 19.4% for the forecast period of 2023 to 2028.
North American electric vehicle batteries market is expected to grow from $10.6 billion in 2023 to $22.6 billion in 2028 at a CAGR of 16.3% for the forecast period of 2023 to 2028.
Asia-Pacific electric vehicle batteries market is expected to grow from $36.6 billion in 2023 to $97.5 billion in 2028 at a CAGR of 21.6% for the forecast period of 2023 to 2028.
This report provides an analysis of the global market for electric vehicle batteries. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. This report also offers insights on drivers and opportunities for the market, which were gathered through primary and secondary research. It also covers various market factors, including COVID-19 impact, the Russia-Ukraine war, Porter's five forces, use case analysis, and the regulatory landscape.
The report has been prepared in a simple, easy-to-understand format, with some tables and charts/figures. The report's scope includes a detailed study of global and regional markets for battery type, propulsion, vehicle type, method, battery capacity, battery form, and material type. The qualitative and quantitative data of all segments are provided in the report. The report examines each segment, determines its current market size, and estimates its future market size with compound annual growth rates (CAGR).
The report also provides detailed profiles of the significant electric vehicle battery players and their strategies to enhance their market presence. The report also includes a competitive landscape chapter that discusses the market ecosystem of the top electric vehicle battery provider in 2022.
Figure A : Top-Down and Bottom-Up Approaches to the Global Market for Electric Vehicle Batteries