Over the five years to 2017, the Battery Manufacturing industry experienced high revenue volatility, due to its large dependence on exports and the vast proliferation of imports. Companies also experienced rising demand from transportation equipment manufactures. Imports are a key threat to the industry. Foreign competition comprises imports from both developed and developing countries. Canada imports the majority of its batteries from the United States, which contains many large primary and secondary battery manufacturers. Over the five years to 2022, revenue is expected to continue to decline due to accelerated decrease in exports and reduced demand from transportation equipment manufacturers.
This industry manufactures two types of batteries: primary and secondary batteries. Secondary batteries are also known as rechargeable or storage batteries. Primary batteries have only one life and are not rechargeable. Industry products have a variety of uses, including in cell phones, medical equipment, households and the automotive and transport sectors.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.