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    Traction Battery Market | Covid-19 Impact Analysis

    Traction Battery Market | Covid-19 Impact Analysis

    Traction Battery Market | Covid-19 Impact Analysis
    Report code - SRCG153 Delivery - 2 Weeks
    Traction Battery Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Traction Battery Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Traction Battery Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Traction Battery Market Insights

    Traction battery market is likely to witness an impressive CAGR of 9.7% during the forecast period. The prime factor contributing to the demand for traction batteries is the increasing adoption of electric vehicles, especially in the industrial and transportation sectors.

    Traction Battery Market – Snapshot

    Growth

    9.7% for the next five years

    Key Chemistry Type

    Lead Acid

    Lucrative Application Type

    Electric Vehicle

    Region with the highest demand

    North America

    Key Players

    Haze Batteries Europe Ltd., Banner Batterien, Midac S.P.A., BAE   Batterien GmbH, Amara Raja, Chaowei Power Holdings Limited,           First National Battery, Accumulatorenwerke HOPPECKE Carl       Zoellner& Sohn GmbH, and Coslight Technology International Group Ltd.

     

    Market Share Analysis

    Traction-Battery-Market-Dominant-Segments

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    Traction Battery Market Share: By Chemistry Type

    Based on the chemistry type, the market is segmented as lead acid, Li-ion, nickel-based, and others. The lead acid segment is estimated to maintain its dominance over the forecast period, owing to its robustness and economic pricing.

    Traction Battery Market Share: By Application Type

    Based on the application type, the market is segmented as electric vehicle, industrial, and e-bike. The electric vehicle segment is expected to govern the market during the forecast period, driven by favorable government initiatives and growing concern for unpolluted and clean environment.

    Traction Battery Market Share: By Region

    In terms of regions, North America is estimated to be the largest market for traction batteries. The North American market is expected to grow with a lucrative CAGR during the forecast period. The growth of the market can be attributed to favorable government policies with regard to purchase incentives coupled with mandating energy efficiency and carbon emission protocols.

    Traction-Battery-Market-By-Region

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    Some of the major players in the traction battery market are-

    • Haze Batteries Europe Ltd.
    • Banner Batterien
    • Midac S.P.A.
    • BAE Batterien GmbH
    • Amara Raja
    • Chaowei Power Holdings Limited
    • First National Battery
    • Accumulatorenwerke HOPPECKE Carl Zoellner& Sohn GmbH
    • Coslight Technology International Group.

     

    Market Scope & Segmentation

    Traction battery is also known as electric-vehicle battery. These batteries are used to power the electric motors of a battery-electric vehicle. Traction batteries are usually rechargeable and are intentionally designed for a high ampere-hour capacity.

    The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Traction Battery Market Research Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    9

     

    The traction battery market is segmented into the following categories. 

    Traction Battery Market Size, Share, & Forecast, by Chemistry Type:

    • Lead Acid  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Li-ion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nickel Based  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Traction Battery Market Size, Share, & Forecast, by Application Type:

    • Electric Vehicle
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle)
    • Industrial
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Forklift, Railroad, and Others)
    • e-Bike
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: e-Scooter and e-Motorcycle)

    Traction Battery Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Traction-Battery-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by chemistry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Traction Battery Market in the foreseeable future?

    The traction battery market is expected to witness an impressive growth of 9.7% CAGR in the foreseeable future.

    Who are the key players in Traction Battery Market?

    Haze Batteries Europe Ltd., Banner Batterien, Midac S.P.A., BAE Batterien GmbH, Amara Raja, Chaowei Power Holdings Limited, First National Battery, Accumulatorenwerke HOPPECKE Carl Zoellner& Sohn GmbH, and Coslight Technology International Group are among the key players in the traction battery market.

    Which country/region is expected to be the largest Traction Battery Market?

    North America is expected to be the largest traction battery market during the next five years.

    Which application type is expected to govern the Traction Battery Market?

    The electric vehicle segment is expected to govern the traction battery market in the coming years.

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