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    Battery Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/5/2021
    SIC Codes: 3691, 3692
    NAICS Codes: 33591
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Battery Manufacturing Industry Profile

    Companies in this industry manufacture primary (disposable) batteries and storage (rechargeable) batteries for consumer, automotive, and industrial use. Major US companies include East Penn Manufacturing, Energizer, EnerSys, Exide Technologies, and Spectrum Brands (Rayovac); leading companies based outside the US include Taiwan's Cheng Uei Precision Industry (known as Foxlink), GP Batteries (Singapore), GS Yuasa (Japan), and Johnson Controls (Ireland).

    The global battery market is expected to reach a market size $310 billion by 2027, according to businesswire.com. An increase in the use of consumer electronics powered by rechargeable batteries, as well as demand for electric vehicles, is expected to drive revenue growth. Batteries are a core technology underpinning the shift to energy decarbonization, according to the World Economic Forum.

    The US battery manufacturing industry includes about 230 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $10 billion.

    COMPETITIVE LANDSCAPE

    Demand depends primarily on the level of activity in the automotive and electronic sectors of the economy. Personal income drives new battery purchases in consumer goods, and consumer usage levels drive demand for replacement batteries. Large companies have economies of scale in purchasing. Smaller producers compete by focusing on specialized products and customer service. The US industry is highly concentrated: the eight largest companies account for about 75% of revenue.

    Imports account for 50% of the US market for batteries; leading sources are Japan, China, and South Korea. US-manufactured ...

     
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