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PUBLISHER: BIS Research | PRODUCT CODE: 1718914

PUBLISHER: BIS Research | PRODUCT CODE: 1718914

Electric Truck Cylindrical Battery Market - A Global and Regional Analysis: Focus on Application, Battery Type, and Region - Analysis and Forecast, 2025-2034

PUBLISHED: May 5, 2025

PAGES: 120 Pages

DELIVERY TIME: 1-5 business days

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Global Electric Truck Cylindrical Battery Market: Industry Overview

The global electric truck cylindrical battery market is undergoing a transformative phase, driven by advancements in battery technology and the increasing adoption of electric vehicles (EVs). Central to this evolution is the shift towards cylindrical lithium-ion batteries, notably the 4680 format, which offers enhanced energy density and structural integrity. These batteries are favored for their efficient thermal management and scalability, making them ideal for heavy-duty applications like electric trucks. Technological innovations are pivotal in this sector. Companies like Panasonic are leading the way with the development of high-capacity 4680 cells, which are set to revolutionize the EV industry by providing longer ranges and reducing the number of cells required per vehicle. Additionally, advancements in battery chemistries, such as the integration of sodium-ion batteries, are being explored to offer cost-effective and safer alternatives to traditional lithium-based batteries. Despite these technological strides, the market faces challenges. The high initial costs of electric trucks and the limited charging infrastructure are significant barriers to widespread adoption. Moreover, the industry is grappling with supply chain constraints and the need for substantial investments in manufacturing capabilities. In summary, while the electric truck cylindrical battery market is poised for growth, its success hinges on continued technological innovation, strategic investments in infrastructure, and supportive policies to facilitate the transition to sustainable transportation solutions.

Market Lifecycle Stage

KEY MARKET STATISTICS
Forecast Period	2025 - 2034
2025 Evaluation	$267.2 Million
2034 Forecast	$1,173.2 Million
CAGR	17.87%

The global electric truck cylindrical battery market is in the growth stage of its lifecycle. This phase is characterized by technological advancements, increasing adoption, and expanding infrastructure, albeit with certain challenges. Technologically, the market is witnessing significant innovations. Manufacturers are developing high-capacity cylindrical cells, such as the 4680 format, which offer improved energy density and thermal management, making them suitable for heavy-duty applications like electric trucks. Additionally, advancements in battery chemistries, including sodium-ion and solid-state batteries, are being explored to provide cost-effective and safer alternatives to traditional lithium-based batteries. Adoption rates are rising as fleet operators recognize the long-term cost benefits and environmental advantages of electric trucks. Companies are transitioning towards electric models, with plans to phase out diesel-powered trucks in the coming decades. However, challenges persist. The high initial cost of electric trucks and the limited charging infrastructure remain significant barriers.

Electric Truck Cylindrical Battery Market Segmentation:

Segmentation 1: by Application

BEVs
HEVs
PHEVs
Others

The BEVs is one of the prominent application segments in the global electric truck cylindrical battery market.

Segmentation 2: by Battery Type

18650 Battery
21700 Battery
4680 Battery

The global electric truck cylindrical battery market is estimated to be led by the 18650 battery segment in terms of battery type.

Segmentation 3: by Region

North America - U.S., Canada, and Mexico
Europe - Germany, France, Italy, Spain, U.K., and Rest-of-Europe
Asia-Pacific - China, Japan, South Korea, India, and Rest-of-Asia-Pacific
Rest-of-the-World - South America and Middle East and Africa

In the electric truck cylindrical battery market, Asia-Pacific is anticipated to gain traction in terms of electric truck cylindrical battery production, owing to the continuous growth in the adoption of electric vehicles and the presence of key manufacturers in the regions.

Demand - Drivers and Limitations

The following are the demand drivers for the global electric truck cylindrical battery market:

Growing Advancements in Battery Technology and Efficiency
Growing Government Policies and Environmental Regulations

The global electric truck cylindrical battery market is expected to face some limitations as well due to the following challenges:

High Initial Costs of Electric Trucks and Battery Systems
Limited Charging Infrastructure for Heavy-Duty Electric Vehicles

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.

Some of the prominent established names in this market are:

CATL
BYD
EVE
LG Energy Solution
Samsung SDI
REPT
Great Power
Gotion High-tech
Tesla
A123 Systems
Sunwoda Electronic
SVOLT
Farasis Energy
SK on
Envision AESC
Lishen
Saft
Panasonic

Companies that are not a part of the previously mentioned pool have been well represented across different sections of the report (wherever applicable).

Product Code: AMP2807SA

Executive Summary

Scope and Definition

Market/Product Definition

Key Questions Answered

Analysis and Forecast Note

1. Markets: Industry Outlook

1.1 Trends: Current and Future Impact Assessment
1.2 Stakeholder Analysis
- 1.2.1 Use Case
- 1.2.2 End User and Buying Criteria
1.3 Market Dynamics Overview
- 1.3.1 Market Drivers
- 1.3.2 Market Restraints
- 1.3.3 Market Opportunities
1.4 Regulatory & Policy Impact Analysis
1.5 Patent Analysis
1.6 Start-Up Landscape
1.7 Total Addressable Market
1.8 Investment Landscape and R&D Trends
1.9 Future Outlook and Market Roadmap
1.10 Supply Chain Analysis
1.11 Value Chain Analysis
1.12 Global Pricing Analysis
1.13 Industry Attractiveness

2. Electric Truck Cylindrical Battery Market (by Application)

2.1 Application Segmentation
2.2 Application Summary
2.3 Electric Truck Cylindrical Battery Market (by Application)
- 2.3.1 BEVs
- 2.3.2 HEVs
- 2.3.3 PHEV
- 2.3.4 Others

3. Electric Truck Cylindrical Battery Market (by Product)

3.1 Product Segmentation
3.2 Product Summary
3.3 Electric Truck Cylindrical Battery Market (by Battery Type)
- 3.3.1 18650 Battery
- 3.3.2 21700 Battery
- 3.3.3 4680 Battery

4. Electric Truck Cylindrical Battery Market (by Region)

4.1 Electric Truck Cylindrical Battery Market (by Region)
4.2 North America
- 4.2.1 Regional Overview
- 4.2.2 Driving Factors for Market Growth
- 4.2.3 Factors Challenging the Market
- 4.2.4 Key Companies
- 4.2.5 Application
- 4.2.6 Product
- 4.2.7 North America (by Country)
  - 4.2.7.1 U.S.
    - 4.2.7.1.1 Market by Application
    - 4.2.7.1.2 Market by Product
  - 4.2.7.2 Canada
    - 4.2.7.2.1 Market by Application
    - 4.2.7.2.2 Market by Product
  - 4.2.7.3 Mexico
    - 4.2.7.3.1 Market by Application
    - 4.2.7.3.2 Market by Product
4.3 Europe
- 4.3.1 Regional Overview
- 4.3.2 Driving Factors for Market Growth
- 4.3.3 Factors Challenging the Market
- 4.3.4 Key Companies
- 4.3.5 Application
- 4.3.6 Product
- 4.3.7 Europe (by Country)
  - 4.3.7.1 Germany
    - 4.3.7.1.1 Market by Application
    - 4.3.7.1.2 Market by Product
  - 4.3.7.2 France
    - 4.3.7.2.1 Market by Application
    - 4.3.7.2.2 Market by Product
  - 4.3.7.3 Italy
    - 4.3.7.3.1 Market by Application
    - 4.3.7.3.2 Market by Product
  - 4.3.7.4 Spain
    - 4.3.7.4.1 Market by Application
    - 4.3.7.4.2 Market by Product
  - 4.3.7.5 U.K.
    - 4.3.7.5.1 Market by Application
    - 4.3.7.5.2 Market by Product
  - 4.3.7.6 Rest-of-Europe
    - 4.3.7.6.1 Market by Application
    - 4.3.7.6.2 Market by Product
4.4 Asia-Pacific
- 4.4.1 Regional Overview
- 4.4.2 Driving Factors for Market Growth
- 4.4.3 Factors Challenging the Market
- 4.4.4 Key Companies
- 4.4.5 Application
- 4.4.6 Product
- 4.4.7 Asia-Pacific (by Country)
  - 4.4.7.1 China
    - 4.4.7.1.1 Market by Application
    - 4.4.7.1.2 Market by Product
  - 4.4.7.2 Japan
    - 4.4.7.2.1 Market by Application
    - 4.4.7.2.2 Market by Product
  - 4.4.7.3 India
    - 4.4.7.3.1 Market by Application
    - 4.4.7.3.2 Market by Product
  - 4.4.7.4 South Korea
    - 4.4.7.4.1 Market by Application
    - 4.4.7.4.2 Market by Product
  - 4.4.7.5 Rest-of-Asia-Pacific
    - 4.4.7.5.1 Market by Application
    - 4.4.7.5.2 Market by Product
4.5 Rest-of-the-World
- 4.5.1 Regional Overview
- 4.5.2 Driving Factors for Market Growth
- 4.5.3 Factors Challenging the Market
- 4.5.4 Key Companies
- 4.5.5 Application
- 4.5.6 Product
- 4.5.7 Rest-of-the-World (by Region)
  - 4.5.7.1 South America
    - 4.5.7.1.1 Market by Application
    - 4.5.7.1.2 Market by Product
  - 4.5.7.2 Middle East and Africa
    - 4.5.7.2.1 Market by Application
    - 4.5.7.2.2 Market by Product

5. Markets - Competitive Benchmarking & Company Profiles

5.1 Next Frontiers
5.2 Geographic Assessment
5.3 Company Profiles
- 5.3.1 CATL
  - 5.3.1.1 Overview
  - 5.3.1.2 Top Products/Product Portfolio
  - 5.3.1.3 Top Competitors
  - 5.3.1.4 Target Customers
  - 5.3.1.5 Key Personnel
  - 5.3.1.6 Analyst View
  - 5.3.1.7 Market Share
- 5.3.2 BYD
  - 5.3.2.1 Overview
  - 5.3.2.2 Top Products/Product Portfolio
  - 5.3.2.3 Top Competitors
  - 5.3.2.4 Target Customers
  - 5.3.2.5 Key Personnel
  - 5.3.2.6 Analyst View
  - 5.3.2.7 Market Share
- 5.3.3 EVE
  - 5.3.3.1 Overview
  - 5.3.3.2 Top Products/Product Portfolio
  - 5.3.3.3 Top Competitors
  - 5.3.3.4 Target Customers
  - 5.3.3.5 Key Personnel
  - 5.3.3.6 Analyst View
  - 5.3.3.7 Market Share
- 5.3.4 LG Energy Solution
  - 5.3.4.1 Overview
  - 5.3.4.2 Top Products/Product Portfolio
  - 5.3.4.3 Top Competitors
  - 5.3.4.4 Target Customers
  - 5.3.4.5 Key Personnel
  - 5.3.4.6 Analyst View
  - 5.3.4.7 Market Share
- 5.3.5 Samsung SDI
  - 5.3.5.1 Overview
  - 5.3.5.2 Top Products/Product Portfolio
  - 5.3.5.3 Top Competitors
  - 5.3.5.4 Target Customers
  - 5.3.5.5 Key Personnel
  - 5.3.5.6 Analyst View
  - 5.3.5.7 Market Share
- 5.3.6 REPT
  - 5.3.6.1 Overview
  - 5.3.6.2 Top Products/Product Portfolio
  - 5.3.6.3 Top Competitors
  - 5.3.6.4 Target Customers
  - 5.3.6.5 Key Personnel
  - 5.3.6.6 Analyst View
  - 5.3.6.7 Market Share
- 5.3.7 Great Power
  - 5.3.7.1 Overview
  - 5.3.7.2 Top Products/Product Portfolio
  - 5.3.7.3 Top Competitors
  - 5.3.7.4 Target Customers
  - 5.3.7.5 Key Personnel
  - 5.3.7.6 Analyst View
  - 5.3.7.7 Market Share
- 5.3.8 Gotion High-tech
  - 5.3.8.1 Overview
  - 5.3.8.2 Top Products/Product Portfolio
  - 5.3.8.3 Top Competitors
  - 5.3.8.4 Target Customers
  - 5.3.8.5 Key Personnel
  - 5.3.8.6 Analyst View
  - 5.3.8.7 Market Share
- 5.3.9 Tesla
  - 5.3.9.1 Overview
  - 5.3.9.2 Top Products/Product Portfolio
  - 5.3.9.3 Top Competitors
  - 5.3.9.4 Target Customers
  - 5.3.9.5 Key Personnel
  - 5.3.9.6 Analyst View
  - 5.3.9.7 Market Share
- 5.3.10 A123 Systems
  - 5.3.10.1 Overview
  - 5.3.10.2 Top Products/Product Portfolio
  - 5.3.10.3 Top Competitors
  - 5.3.10.4 Target Customers
  - 5.3.10.5 Key Personnel
  - 5.3.10.6 Analyst View
  - 5.3.10.7 Market Share
- 5.3.11 Sunwoda Electronic
  - 5.3.11.1 Overview
  - 5.3.11.2 Top Products/Product Portfolio
  - 5.3.11.3 Top Competitors
  - 5.3.11.4 Target Customers
  - 5.3.11.5 Key Personnel
  - 5.3.11.6 Analyst View
  - 5.3.11.7 Market Share
- 5.3.12 SVOLT
  - 5.3.12.1 Overview
  - 5.3.12.2 Top Products/Product Portfolio
  - 5.3.12.3 Top Competitors
  - 5.3.12.4 Target Customers
  - 5.3.12.5 Key Personnel
  - 5.3.12.6 Analyst View
  - 5.3.12.7 Market Share
- 5.3.13 Farasis Energy
  - 5.3.13.1 Overview
  - 5.3.13.2 Top Products/Product Portfolio
  - 5.3.13.3 Top Competitors
  - 5.3.13.4 Target Customers
  - 5.3.13.5 Key Personnel
  - 5.3.13.6 Analyst View
  - 5.3.13.7 Market Share
- 5.3.14 SK on
  - 5.3.14.1 Overview
  - 5.3.14.2 Top Products/Product Portfolio
  - 5.3.14.3 Top Competitors
  - 5.3.14.4 Target Customers
  - 5.3.14.5 Key Personnel
  - 5.3.14.6 Analyst View
  - 5.3.14.7 Market Share
- 5.3.15 Envision AESC
  - 5.3.15.1 Overview
  - 5.3.15.2 Top Products/Product Portfolio
  - 5.3.15.3 Top Competitors
  - 5.3.15.4 Target Customers
  - 5.3.15.5 Key Personnel
  - 5.3.15.6 Analyst View
  - 5.3.15.7 Market Share
- 5.3.16 Lishen
  - 5.3.16.1 Overview
  - 5.3.16.2 Top Products/Product Portfolio
  - 5.3.16.3 Top Competitors
  - 5.3.16.4 Target Customers
  - 5.3.16.5 Key Personnel
  - 5.3.16.6 Analyst View
  - 5.3.16.7 Market Share
- 5.3.17 Saft
  - 5.3.17.1 Overview
  - 5.3.17.2 Top Products/Product Portfolio
  - 5.3.17.3 Top Competitors
  - 5.3.17.4 Target Customers
  - 5.3.17.5 Key Personnel
  - 5.3.17.6 Analyst View
  - 5.3.17.7 Market Share
- 5.3.18 Panasonic
  - 5.3.18.1 Overview
  - 5.3.18.2 Top Products/Product Portfolio
  - 5.3.18.3 Top Competitors
  - 5.3.18.4 Target Customers
  - 5.3.18.5 Key Personnel
  - 5.3.18.6 Analyst View
  - 5.3.18.7 Market Share
5.4 Other Key Companies

6. Research Methodology

Product Code: AMP2807SA

List of Figures

Figure 1: Electric Truck Cylindrical Battery Market (by Scenario), $Million, 2025, 2028, and 2034
Figure 2: Electric Truck Cylindrical Battery Market (by Region), $Million, 2024, 2027, and 2034
Figure 3: Electric Truck Cylindrical Battery Market (by Application), $Million, 2024, 2027, and 2034
Figure 4: Electric Truck Cylindrical Battery Market (by Product), $Million, 2024, 2027, and 2034
Figure 5: Competitive Landscape Snapshot
Figure 6: Supply Chain Analysis
Figure 7: Value Chain Analysis
Figure 8: Patent Analysis (by Country), January 2021-April 2025
Figure 9: Patent Analysis (by Company), January 2021-April 2025
Figure 10: Impact Analysis of Market Navigating Factors, 2024-2034
Figure 11: U.S. Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 12: Canada Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 13: Mexico Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 14: Germany Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 15: France Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 16: Italy Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 17: Spain Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 18: U.K. Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 19: Rest-of-Europe Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 20: China Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 21: Japan Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 22: India Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 23: South Korea Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 24: Rest-of-Asia-Pacific Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 25: South America Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 26: Middle East and Africa Electric Truck Cylindrical Battery Market, $Million, 2024-2034
Figure 27: Strategic Initiatives (by Company), 2021-2025
Figure 28: Share of Strategic Initiatives, 2021-2025
Figure 29: Data Triangulation
Figure 30: Top-Down and Bottom-Up Approach
Figure 31: Assumptions and Limitations

List of Tables

Table 1: Market Snapshot
Table 2: Opportunities across Region
Table 3: Trends Overview
Table 4: Electric Truck Cylindrical Battery Market Pricing Forecast, 2024-2034
Table 5: Application Summary (by Application)
Table 6: Product Summary (by Product)
Table 7: Electric Truck Cylindrical Battery Market (by Region), $Million, 2024-2034
Table 8: North America Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 9: North America Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 10: U.S. Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 11: U.S. Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 12: Canada Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 13: Canada Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 14: Mexico Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 15: Mexico Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 16: Europe Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 17: Europe Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 18: Germany Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 19: Germany Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 20: France Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 21: France Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 22: Italy Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 23: Italy Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 24: Spain Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 25: Spain Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 26: U.K. Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 27: U.K. Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 28: Rest-of-Europe Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 29: Rest-of-Europe Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 30: Asia-Pacific Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 31: Asia-Pacific Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 32: China Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 33: China Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 34: Japan Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 35: Japan Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 36: India Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 37: India Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 38: South Korea Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 39: South Korea Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 40: Rest-of-Asia-Pacific Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 41: Rest-of-Asia-Pacific Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 42: Rest-of-the-World Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 43: Rest-of-the-World Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 44: South America Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 45: South America Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 46: Middle East and Africa Electric Truck Cylindrical Battery Market (by Application), $Million, 2024-2034
Table 47: Middle East and Africa Electric Truck Cylindrical Battery Market (by Product), $Million, 2024-2034
Table 48: Market Share