The global traction battery market size was valued at $31.6 billion in 2020, and is projected to reach $69.2 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030.

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The global traction battery market size was
valued at 31.6 billion in 2020, and is projected
to reach 69.2 billion by 2030, growing at a CAGR
of 8.2 from 2021 to 2030. Traction battery is a
type of electric vehicle battery that is designed
to hold high ampere-hour capacity. Lead acid
traction battery is mainly used in applications
such as forklift trucks, locomotives, and
mechanical handling equipment. 
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The increasing awareness of environment-friendly
vehicles and rising volatility in fuel prices
have surged the demand for electric vehicles. For
instance, according to a report published by
International Energy Agency (IEA) Global EV
Outlook 2020, the global sales of electric cars
in 2019 topped 2.1 million, registering a growth
of 40 year-on-year. Moreover, factors, such as
electrification of the transport sector and
rising investments, will stimulate the growth of
electric vehicles.
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• Key benefits for stakeholders
• Porters five forces analysis helps analyze the
  potential of buyers suppliers and the
  competitive scenario of the industry for strategy
  building.
• It outlines the current traction battery market
  trends and future estimations from 2020 to 2030
  to understand the prevailing opportunities and
  potential investment pockets.
• The major countries in the region have been
  mapped according to their individual revenue
  contribution to the regional market.
• The key drivers, restraints, and opportunities
  and their detailed impact analysis are explained
  in the study.
• The profiles of key players and their key
  strategic developments are enlisted in the
  report.

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• Key Market Players
• Inci Aku
• GS Yuasa International Ltd.
• ECOVOLTA
• Toshiba Corporation
• HOPPECKE Carl Zoellner Sohn GmbH
• INTILION GmbH
• Banner Batteries (GB) Ltd.
• Exide Industries Ltd.
• BAE Batteries GmbH
• Leoch International Technology Limited Inc

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• Thank You!
• Contact 
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• help_at_alliedmarketresearch.com 

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