Europe Traction Battery Market Growth, Size, Trends Analysis - By Chemistry, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Description

Europe Traction Battery Market Introduction and Overview

According to SPER market research, 'Europe Traction Battery Market Size- By Chemistry, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Europe Traction Battery Market is predicted to reach 138.45 billion by 2034 with a CAGR of 20.41%.

Traction batteries are rechargeable devices used mainly to power electric vehicles (EVs) and other mobile applications that need steady energy. They differ from regular batteries as they can handle high discharge rates and have a long lifespan, making them suitable for frequent use and varying loads. These batteries are common in cars, buses, trucks, electric forklifts, rail systems, and marine uses, as well as in renewable energy systems to store excess solar and wind energy.

Restraints: The high cost of battery technology is a major constraint to the growth of the traction battery market, particularly in industries where cost sensitivity is crucial. Advanced traction batteries, such as lithium-ion and solid-state batteries, require expensive raw ingredients and complex manufacturing processes. This raises manufacturing costs, thereby discouraging firms from adopting electric solutions, particularly in industries with poor profit margins such as logistics and transportation.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Chemistry, By Application

Regions covered

France, Germany, Italy, Spain, United Kingdom, Rest of Europe

Companies Covered

Amara Raja Batteries, Camel Group, Ecovolta, Enersys, Exide Industries, Hitachi Energy, Hoppecke Batteries, LG Energy Solution, Midac, Mutlu, Panasonic, Samsung SDI, Toshiba.

Europe Traction Battery Market Segmentation:

By Chemistry: Based on the Chemistry, Europe Traction Battery Market is segmented as; Lead Acid, Lithium-Ion, Nickel Based, Others.

By Application: Based on the Application, Europe Traction Battery Market is segmented as; Electric Vehicles, Industrial, E-Bike.

By Region: This research also includes data for France, Germany, Italy, Spain, United Kingdom, Rest of Europe.

Product Code: IACT2572

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER's internal database
- 2.1.4. Premium insight from KOL's
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTER's Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Europe Traction Battery Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Traction Battery Market

7. Europe Traction Battery Market, By Chemistry (USD Million) 2021-2034

7.1. Lead Acid
7.2. Lithium-Ion
7.3. Nickel Based
7.4. Others

8. Europe Traction Battery Market, By Application (USD Million) 2021-2034

8.1. Electric Vehicles
- 8.1.1. BEV
- 8.1.2. PHEV
8.2. Industrial
- 8.2.1. Forklifts
- 8.2.2. Railroads
- 8.2.3. Others
8.3. E-Bike
- 8.3.1. E-scooters
- 8.3.2. E-motorcycles

9. Europe Traction Battery Market, (USD Million) 2021-2034

9.1. Europe Traction Battery Market Size and Market Share

10. Europe Traction Battery Market, By Region, (USD Million) 2021-2034

10.1. France
10.2. Germany
10.3. Italy
10.4. Spain
10.5. United Kingdom
10.6. Rest of Europe

11. Company Profile

11.1. Amara Raja Batteries
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
11.2. Camel Group
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
11.3. Ecovolta
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
11.4. Enersys
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
11.5. Exide Industries
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
11.6. Hitachi Energy
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
11.7. Hoppecke Batteries
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
11.8. LG Energy Solution
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
11.9. Midac
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
11.10. Mutlu
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
11.11. Panasonic
- 11.11.1. Company details
- 11.11.2. Financial outlook
- 11.11.3. Product summary
- 11.11.4. Recent developments
11.12. Samsung SDI
- 11.12.1. Company details
- 11.12.2. Financial outlook
- 11.12.3. Product summary
- 11.12.4. Recent developments
11.13. Toshiba
- 11.13.1. Company details
- 11.13.2. Financial outlook
- 11.13.3. Product summary
- 11.13.4. Recent developments
11.14. Others