Automotive Battery Box Market Investment Opportunities & Competitive Benchmarking

Automotive Battery Box Market Insights, Forecast and Competitive Strategies

The automotive battery box market is set to grow from USD 690.64 million in 2025 to USD 1433.92 million by 2034, with an expected CAGR of 8.43% over the forecast period from 2025 to 2034.

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Introduction

The automotive battery box market is an integral segment of the automotive components industry. This industry deals in production and distribution of battery boxes for the automotive sector. There are several products developed in this sector comprising of standard battery boxes, ventilated battery boxes, waterproof battery boxes, heat-resistant battery boxes, lightweight battery boxes, sealed battery boxes, custom battery boxes, heavy-duty battery boxes and others. These boxes are manufactured using different materials such as plastic, metal, glass-reinforced plastics, polypropylene, polycarbonate, aluminum, composite materials, fiber-reinforced polymers and some others. The rising demand for hybrid vehicles in different parts of the world has boosted the industrial expansion. This market is projected to rise significantly with the growth of the automotive sector across the world.

• According to the International Energy Agency, the PHEV sales in Europe reached 2.5 million in 2021 that increased to 4.5 million units in 2023.

Highlights of the Automotive Battery Box Market

• Asia Pacific held the dominant share of the automotive battery box market due to the growing sales of commercial vehicles in this region.
• North America is expected to grow with a significant CAGR due to the presence of several lead-acid battery companies in this region.
• The passenger vehicles segment dominated the market due to the rising sales of hatchbacks around the world.
• The non-metallic segment led the market due to the increasing adoption of plastics and fiber-reinforced plastics and others for manufacturing battery boxes for automotives.

Automotive Battery Box: Stats and Figures

• According to the India Brand Equity Foundation, the India EV battery market is projected to reach US$ 27.70 billion by 2028.
• According to the International Energy Agency, around 14 million electric vehicles were sold globally in 2023.
• According to the ACEA, around 10.6 million vehicles were registered in Europe during 2024.
• According to the Mckinsey and Company, the demand for li-ion battery in automotive sector is expected to reach 4.7 TWh in 2030.

Industry Leader Announcement

In May 2023, Craig Wilson, the CEO of WAE Technologies announced that,” We are proud to be exhibiting at this year’s Battery Show Europe, in Stuttgart. As the largest event in the advanced battery manufacturing and technology industry, it’s the perfect place for us to be showcasing the very best of WAE’s innovations in cutting-edge electrification. With Cell2Pack we have an advanced new structural battery design that has huge positive implications for the low-volume automotive sector, while with our new Elysia battery intelligence offering we are bringing game-changing battery software to the mass market.”

Competitive Landscape

The automotive battery box market is a consolidated industry with the presence of several dominating players. Some of the prominent companies in this industry comprises of Amara Raja (India), Camel Group (China), Exide Industries (India), Johnson Controls (Ireland), Novelis and some others. These market players are constantly engaged in developing battery boxes for automotive sector and adopting several strategies to maintain their dominance in this industry.

• According to the annual report of Novelis, the net sales of the company in 2022 was US$ 17149 million in 2022 that increased to US$ 18486 million in 2023.

Market Segmentations

By Material

• Metallic
• Non-Metallic

By Application

• Passenger Vehicle
• Conventional
• Electric
• Commercial Vehicle
• Conventional
• Electric

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa