Passenger Car Battery Market - Global Industry Size, Share, Trends Opportunity, and Forecast Segmented By Vehicle Type, By Battery Type, By Drive Type, By Region & Competition, 2021-2031F

Description

The Global Passenger Car Battery Market will grow from USD 14.04 Billion in 2025 to USD 21.18 Billion by 2031 at a 7.09% CAGR. The Global Passenger Car Battery Market encompasses the development, manufacturing, and supply of rechargeable electrochemical energy storage systems designed to power the propulsion mechanisms and auxiliary electrical networks of private motor vehicles.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 14.04 Billion
Market Size 2031	USD 21.18 Billion
CAGR 2026-2031	7.09%
Fastest Growing Segment	Lithium-Ion
Largest Market	Asia Pacific

Key Market Drivers

Strategic Automaker Investments in Electrification are fundamentally reshaping the supply chain as OEMs aggressively move to secure proprietary battery production capabilities. To mitigate volatile supply chain risks and meet aggressive electrification targets, major manufacturers are establishing dedicated gigafactories and vertically integrating critical mineral processing directly into their operations.

Key Market Challenges

The volatility and scarcity of critical raw material supply chains, specifically regarding lithium and cobalt, act as a severe constraint on the stability of the passenger car battery sector. Manufacturers rely heavily on these finite resources to produce high-capacity electrochemical storage systems, creating a vulnerability where supply chain disruptions immediately translate into inflated manufacturing costs. This unpredictability complicates long-term production scheduling and budget forecasting, forcing companies to absorb higher expenses or pass them onto consumers, which directly undermines efforts to make electric vehicles price-competitive with internal combustion engine counterparts.

Key Market Trends

The Commercialization of Solid-State Battery Technology is advancing from research prototypes to tangible market deployment, fundamentally addressing the safety and energy density limitations of conventional liquid electrolyte systems. Automakers are increasingly integrating semi-solid architectures into premium passenger vehicles to alleviate range anxiety and minimize fire risks, creating a new competitive frontier beyond standard lithium-ion limits. This technological progression is exemplified by recent manufacturing milestones in the Asian market where higher energy densities are being achieved at scale.

Key Market Players

Wanxiang A123 Systems Corp.
Panasonic Corporation
Exide Industries Ltd
Clarios Germany GmbH & Co. KG
GS Yuasa Corporation
Hitachi Ltd.
Robert Bosch GmbH
China Aviation Lithium Battery Co. Ltd
Samsung SDI Co. Ltd.
Contemporary Amperex Technology Co. Limited

Report Scope:

In this report, the Global Passenger Car Battery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Passenger Car Battery Market, By Vehicle Type:

SUV
MUV
Sedan
Hatchback
Others

Passenger Car Battery Market, By Battery Type:

Lead Acid
Lithium-Ion
Other

Passenger Car Battery Market, By Drive Type:

IC Engines and Electric Vehicles

Passenger Car Battery Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Passenger Car Battery Market.

Available Customizations:

Global Passenger Car Battery Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Passenger Car Battery Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Vehicle Type (SUV, MUV, Sedan, Hatchback, Others)
- 5.2.2. By Battery Type (Lead Acid, Lithium-Ion, Other)
- 5.2.3. By Drive Type (IC Engines and Electric Vehicles)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
5.3. Market Map

6. North America Passenger Car Battery Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type
- 6.2.2. By Battery Type
- 6.2.3. By Drive Type
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Passenger Car Battery Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Vehicle Type
    - 6.3.1.2.2. By Battery Type
    - 6.3.1.2.3. By Drive Type
- 6.3.2. Canada Passenger Car Battery Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Vehicle Type
    - 6.3.2.2.2. By Battery Type
    - 6.3.2.2.3. By Drive Type
- 6.3.3. Mexico Passenger Car Battery Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Vehicle Type
    - 6.3.3.2.2. By Battery Type
    - 6.3.3.2.3. By Drive Type

7. Europe Passenger Car Battery Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type
- 7.2.2. By Battery Type
- 7.2.3. By Drive Type
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Passenger Car Battery Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Vehicle Type
    - 7.3.1.2.2. By Battery Type
    - 7.3.1.2.3. By Drive Type
- 7.3.2. France Passenger Car Battery Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Vehicle Type
    - 7.3.2.2.2. By Battery Type
    - 7.3.2.2.3. By Drive Type
- 7.3.3. United Kingdom Passenger Car Battery Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Vehicle Type
    - 7.3.3.2.2. By Battery Type
    - 7.3.3.2.3. By Drive Type
- 7.3.4. Italy Passenger Car Battery Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Vehicle Type
    - 7.3.4.2.2. By Battery Type
    - 7.3.4.2.3. By Drive Type
- 7.3.5. Spain Passenger Car Battery Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Vehicle Type
    - 7.3.5.2.2. By Battery Type
    - 7.3.5.2.3. By Drive Type

8. Asia Pacific Passenger Car Battery Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type
- 8.2.2. By Battery Type
- 8.2.3. By Drive Type
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Passenger Car Battery Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Vehicle Type
    - 8.3.1.2.2. By Battery Type
    - 8.3.1.2.3. By Drive Type
- 8.3.2. India Passenger Car Battery Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Vehicle Type
    - 8.3.2.2.2. By Battery Type
    - 8.3.2.2.3. By Drive Type
- 8.3.3. Japan Passenger Car Battery Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Vehicle Type
    - 8.3.3.2.2. By Battery Type
    - 8.3.3.2.3. By Drive Type
- 8.3.4. South Korea Passenger Car Battery Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Vehicle Type
    - 8.3.4.2.2. By Battery Type
    - 8.3.4.2.3. By Drive Type
- 8.3.5. Australia Passenger Car Battery Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Vehicle Type
    - 8.3.5.2.2. By Battery Type
    - 8.3.5.2.3. By Drive Type

9. Middle East & Africa Passenger Car Battery Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type
- 9.2.2. By Battery Type
- 9.2.3. By Drive Type
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Passenger Car Battery Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Vehicle Type
    - 9.3.1.2.2. By Battery Type
    - 9.3.1.2.3. By Drive Type
- 9.3.2. UAE Passenger Car Battery Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Vehicle Type
    - 9.3.2.2.2. By Battery Type
    - 9.3.2.2.3. By Drive Type
- 9.3.3. South Africa Passenger Car Battery Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Vehicle Type
    - 9.3.3.2.2. By Battery Type
    - 9.3.3.2.3. By Drive Type

10. South America Passenger Car Battery Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Vehicle Type
- 10.2.2. By Battery Type
- 10.2.3. By Drive Type
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Passenger Car Battery Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Vehicle Type
    - 10.3.1.2.2. By Battery Type
    - 10.3.1.2.3. By Drive Type
- 10.3.2. Colombia Passenger Car Battery Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Vehicle Type
    - 10.3.2.2.2. By Battery Type
    - 10.3.2.2.3. By Drive Type
- 10.3.3. Argentina Passenger Car Battery Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Vehicle Type
    - 10.3.3.2.2. By Battery Type
    - 10.3.3.2.3. By Drive Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Passenger Car Battery Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Wanxiang A123 Systems Corp.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Panasonic Corporation
15.3. Exide Industries Ltd
15.4. Clarios Germany GmbH & Co. KG
15.5. GS Yuasa Corporation
15.6. Hitachi Ltd.
15.7. Robert Bosch GmbH
15.8. China Aviation Lithium Battery Co. Ltd
15.9. Samsung SDI Co. Ltd.
15.10. Contemporary Amperex Technology Co. Limited