
Lithium Battery Manufacturing in the US - Industry Market Research Report
Description
Lithium Battery Manufacturing in the US - Industry Market Research Report
Lithium Battery Manufacturing in the US
Lithium battery manufacturers produce batteries for a variety of purposes including vehicles, mobile phones and other consumer electronics. The rapid rise of electric vehicles (EVs) has bolstered manufacturers, as consumer preference has steadily shifted away from gasoline-powered vehicles. This rise includes an agreement between Panasonic, a leading producer of lithium batteries, and the electric automaker Tesla to mass produce advanced lithium batteries. But this industry is highly globalized, with imports accounting for the majority of domestic demand. Less expensive labor both for upstream suppliers of input materials and for lithium battery manufacturers themselves combined with inexpensive shipping costs have incentivized offshoring, eating into industry revenue. Revenue dropped during the height of the pandemic, as spending fell off across the board, including spending on battery-powered goods. The steady rise of EVs supported manufacturers during this difficult time and contributed to the quick recovery of this industry in the wake of pandemic-related disruptions. Overall, revenue has fallen at a CAGR of 0.6% to $2.0 billion over the past five years, despite an increase of 1.7% in 2023 alone.
This industry manufactures primary and secondary batteries that use primarily lithium, but also alkaline manganese, zinc carbon, mercuric oxide as an anode. Industry products are most commonly used in vehicles and electronic devices such as cell phones, cameras, laptops, pacemakers and toys.
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."
Table of Contents
82 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.