The Traction Battery Market was valued at USD 1.5 Bn in 2021. The market is projected to grow USD 2.6 Bn in 2028, at a CAGR of 13.6%. A traction battery is a type of electric car battery with a large ampere-hour capacity. Forklift trucks, locomotives, and mechanical handling equipment are all examples of Applications for lead acid traction batteries.
In this study, extensive secondary research was conducted to gather information about the Global Traction Battery market. Furthermore, primary research has been conducted to support the stated assumptions and findings about individual businesses. The research report on the Traction Battery market report is said to be a basic insightful data about the topological landscape of the companies and respective businesses that have accumulated a highly regarded position in the global Traction Battery market.
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We have also provided brief information on its major manufacturers' revenue share, production, consumption volume, sales price, import & export, and gross margin. Furthermore, the Traction Battery market has been segmented according to upstream raw materials, definitions, downstream consumers, and equipment analysis. The global Traction Battery market report also includes data on upcoming trends, the competitive landscape, Traction Battery market influencing factors, and key statistics for a specific industry.
The global Traction Battery market report has been segmented by application, major manufacturers, product types, and topological zones in order to optimize various industrial strategies, advertising methods, and global and regional sales impacts on the Traction Battery market. The Traction Battery market report thoroughly examines several significant parameters such as Traction Battery market share, investments, revenue growth, globalize demand and supply factors. The research paper also compares the Traction Battery market's production value and growth rate across different geographies. Furthermore, it focuses on leading consumers, consumption, product capacity, market share, and expected growth opportunities.
COVID-19 ANALYSIS
The outbreak of COVID-19 impacted negatively on the growth of the global traction battery market. reliance on the automotive, railways, and industrial sectors, the traction battery business has been badly impacted by the COVID-19 pandemic. According to a data released by the International Energy Agency, global road transport activity was about 50% lower by the end of March 2020 than it was in March 2019.
Top Players involved in this report are:
· BAE Batteries GmbH
· Banner Batteries (GB) Ltd.
· ECOVOLTA
· Exide Industries Ltd.
· GS Yuasa International Ltd.
· HOPPECKE Carl Zoellner & Sohn GmbH
· Inci Aku
· INTILION GmbH
· Leoch International Technology Limited Inc
· Toshiba Corporation
· Others
Global Traction Battery Market segmentation by Types:
Lead Acid Based
Nickel Based
Lithium-Ion Based
Others
The Application of the Traction Battery market can be divided as:
Electric Vehicle
Industrial
Locomotives
Geographical outlook of this report:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Traction Battery market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Traction Battery industry players in accordance with product picture and its portfolios, Traction Battery market plans, and technology. We have also mentioned strength and weaknesses of the Traction Battery market alongside the competitive benefits which improves productivity and efficiency of the companies.
