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North America Bolt on Industrial Traction Battery Market Share

Report ID: GMI11192
Published Date: Sep 2024
Report Format: PDF

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North America Bolt on Industrial Traction Battery Market Share

North America Bolt On Industrial Traction Battery Company Market Share Analysis, 2023

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Companies such as Panasonic, Hitachi, and LG hold a substantial share of the North American Bolt-On Industrial Traction Battery Market, driven by their cutting-edge battery technologies, robust manufacturing capabilities, and significant investments in research and development. Their lithium-ion batteries are renowned for their superior performance, extended lifespan, and rapid charging capabilities, which are essential for industrial applications. Moreover, these companies leverage well-established supply chains, strategic partnerships, and a strong local market presence to effectively address the increasing demand for high-quality traction batteries across various industrial sectors.

North America Bolt on Industrial Traction Battery Market Companies

Eminent players operating in the North America bolt on industrial traction battery industry include:

Amara Raja Batteries Ltd.
Aliant Battery
BYD Co., Ltd.
Camel Group Co., Ltd
EXIDE INDUSTRIES.
ecovolta
ENERSYS
Farasis Energy
Guoxuan High-tech Power Energy Co., Ltd.
HOPPECKE Batteries GmbH & Co. KG
Hitachi Energy Ltd.
LG Energy
Mutlu Corporation
MIDAC S.p.A.
Panasonic Corporation
Samsung
Sunwoda Electronic Co., Ltd.
Toshiba Corporation

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

North American market for bolt on industrial traction battery was worth over USD 402.9 million in 2023 and is projected to grow at a 11.2% CAGR through 2032, driven by the rising demand for efficient and dependable power solutions in industrial settings.

The lithium-ion segment in the North America bolt on industrial traction battery market is projected to surpass USD 632 million by 2032, owing to its superior energy density compared to traditional lead-acid batteries.

U.S. bolt on industrial traction battery market size is anticipated to cross USD 806.5 million by 2032, led by the increased adoption of electric industrial vehicles, including forklifts, automated guided vehicles (AGVs), and pallet jacks

Amara Raja Batteries Ltd., Aliant Battery, BYD Co., Ltd., Camel Group Co., Ltd, EXIDE INDUSTRIES., ecovolta, ENERSYS, Farasis Energy, and Guoxuan High-tech Power Energy Co., Ltd.