Commercial Vehicle Battery Market - Global Industry Size, Share, Trends Opportunity, and ForecastSegmented. Segmented By Vehicle Type, By Battery Type, By Drive Type, By Region & Competition, and By Competition. 2021-2031F

Description

The Global Commercial Vehicle Battery Market is projected to expand from USD 19.96 Billion in 2025 to USD 28.01 Billion by 2031, registering a CAGR of 5.81%. These batteries are specialized, high-performance electrochemical energy storage systems essential for powering the propulsion motors and auxiliary systems of electric trucks, buses, and logistics vans. Market growth is primarily driven by strict government mandates aimed at decarbonization and the improved economic feasibility of electric fleets, which now offer a lower Total Cost of Ownership compared to internal combustion engines. Additionally, the dedication of major logistics firms to carbon neutrality goals is fueling consistent demand for electrified transport options within global supply chains.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 19.96 Billion
Market Size 2031	USD 28.01 Billion
CAGR 2026-2031	5.81%
Fastest Growing Segment	Lead Acid
Largest Market	Asia Pacific

However, the widespread adoption of these battery systems is hindered by the insufficient availability of high-power public charging infrastructure necessary for long-haul and heavy-duty transport. This lack of infrastructure restricts operational range and introduces logistical inefficiencies that discourage fleet managers from fully committing to electric platforms. However, momentum remains strong in certain regions; according to the China Association of Automobile Manufacturers, sales of new energy commercial vehicles in China hit 97,000 units in November 2025 alone, marking a substantial 70.6% increase compared to the same month the previous year.

Market Driver

The enforcement of stringent emission regulations and zero-emission vehicle mandates acts as the primary catalyst for the Global Commercial Vehicle Battery Market. Governments globally are imposing strict carbon dioxide reduction goals, forcing logistics providers to switch from diesel fleets to electrified options to ensure compliance and avoid penalties. According to the International Energy Agency's 'Global EV Outlook 2025' released in April 2025, the European Union's aggressive policy aiming for a 90% emission reduction in heavy-duty vehicles by 2040 is a key factor accelerating fleet electrification. This regulatory push is resulting in tangible market shifts; data from the European Automobile Manufacturers' Association indicates that electrically-chargeable trucks captured 3.8% of the European Union market during the first three quarters of 2025.

Concurrently, decreasing battery manufacturing costs are drastically improving the total cost of ownership (TCO) for commercial vehicles, further stimulating market growth. As production scales up and manufacturers utilize cost-efficient chemistries such as Lithium Iron Phosphate (LFP), the initial capital gap between electric and diesel trucks is shrinking. The International Energy Agency noted in April 2025 that commercial vehicle battery prices have fallen by 30% since 2020, allowing OEMs to extend vehicle range without increasing costs. This decline in component prices, paired with lower operating expenses, provides the necessary financial rationale for fleet managers to invest in large-scale electrification initiatives.

Market Challenge

The lack of accessible high-power public charging infrastructure constitutes a major obstacle for the Global Commercial Vehicle Battery Market. Commercial trucks rely on substantial energy transfers to adhere to strict schedules, yet the shortage of megawatt-scale charging stations confines electric fleets to short-distance routes. This infrastructure gap undermines potential efficiencies, as fleet managers cannot afford downtime within time-sensitive logistics networks. Consequently, the demand for high-capacity battery systems is stifled because the requisite support ecosystem is underdeveloped and fails to provide long-haul operators with necessary confidence.

The impact of this deficit is confirmed by recent fleet adoption statistics. According to the Society of Motor Manufacturers and Traders, the adoption of zero-emission trucks in February 2025 remained stagnant at a mere 0.5% of total market demand for the entirety of 2024, largely due to the severe shortage of dedicated heavy goods vehicle charging facilities. When logistics operators encounter such a significant lack of reliable charging options, the transition to electric platforms decelerates regardless of advancements in vehicle performance. As a result, the commercial vehicle battery market faces constrained growth within the heavy-duty sector directly attributable to this infrastructure insufficiency.

Market Trends

The rise of Battery-as-a-Service (BaaS) and swapping models is revolutionizing the sector by separating battery ownership from vehicle acquisition costs and eliminating extended charging delays. This strategy enables fleet operators to shift high capital expenditures into manageable operational expenses while allowing heavy-duty trucks to refuel in minutes, effectively circumventing grid limitations. These models have secured significant adoption in major logistics centers where maximizing vehicle uptime is essential. As reported by Xinhua in May 2025, battery-swapping models represented 32.39% of new energy heavy trucks sold in China between January and March 2025, indicating strong market preference for this technology over traditional fixed-charging methods.

Simultaneously, there is an accelerating trend toward the strategic localization of battery manufacturing as nations and OEMs aim to secure supply chains and adhere to regional content requirements. This movement prioritizes the construction of domestic gigafactories to decrease dependence on imports, minimize geopolitical risks, and reduce logistics lead times for vehicle assembly. Major industrial economies are investing heavily to create resilient, self-sufficient energy storage ecosystems capable of supporting mass electrification. According to The Washington Post in June 2025, quarterly investment in United States battery manufacturing facilities reached $11 billion in 2024, underscoring the intense effort to establish robust regional production capabilities.

Key Market Players

A123 Systems
Panasonic Corporation
Exide Technologies
VARTA
Clarios
GS Yuasa Corporation
Hitachi Group Ltd
Robert Bosch GmbH
China Aviation Lithium Battery Co. Ltd
Contemporary Amperex Technology Co. Limited

Report Scope

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

Commercial Vehicle Battery Market, By Vehicle Type

LCV
M&HCV

Commercial Vehicle Battery Market, By Battery Type

Lead Acid
Lithium-Ion
Other

Commercial Vehicle Battery Market, By Drive Type

IC Engines
Electric Vehicles

Commercial Vehicle 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 Commercial Vehicle Battery Market.

Available Customizations:

Global Commercial Vehicle 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 Commercial Vehicle Battery Market Outlook

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

6. North America Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle 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. A123 Systems
- 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 Technologies
15.4. VARTA
15.5. Clarios
15.6. GS Yuasa Corporation
15.7. Hitachi Group Ltd
15.8. Robert Bosch GmbH
15.9. China Aviation Lithium Battery Co. Ltd
15.10. Contemporary Amperex Technology Co. Limited