Global Cylindrical Batteries for Electric Vehicles Market Growth 2025-2031

The global Cylindrical Batteries for Electric Vehicles market size is predicted to grow from US$ 19200 million in 2025 to US$ 38820 million in 2031; it is expected to grow at a CAGR of 12.4% from 2025 to 2031.

Cylindrical Batteries are a type of lithium-ion battery characterized by their cylindrical metal casing (typically steel or aluminum). They are widely used in electric vehicles (EVs) due to their standardized form factor, high energy density, and scalable manufacturing.

Market Trends

Rising EV Sales:

The global EV market is experiencing rapid growth, with sales expected to accounting for more than one-fifth of global car sales.

China, Europe, and the United States are the largest markets for EVs, with China alone accounting for over 60% of global EV sales in recent years.

Battery Technology Advancements:

Cylindrical batteries, particularly those with large capacities, are becoming increasingly popular for mid and high-end EVs due to their superior energy density and performance.

Companies are investing heavily in research and development to improve battery chemistry, cell design, and manufacturing processes, which are driving down costs and increasing efficiency.

Government Policies:

Governments around the world are implementing policies to promote EV adoption, including purchase incentives, tax credits, and investments in charging infrastructure.

These policies are creating a favorable environment for the growth of the cylindrical battery market for EVs.

Challenges

Supply and Demand Imbalance:

The global battery market is facing a supply-demand imbalance, with production capacity expanding rapidly to meet the growing demand for EVs.

However, this imbalance has led to excess supply and competitive pricing in the market, which can be challenging for battery manufacturers.

Technical Challenges:

Cylindrical batteries face challenges in terms of safety, durability, and recycling.

Manufacturers are continuously working to improve battery safety and recycling processes to address these concerns.

Raw Material Prices:

The prices of battery metals such as lithium, cobalt, and nickel are volatile and can significantly impact the cost of cylindrical batteries.

This volatility can make it difficult for manufacturers to plan and manage their costs effectively.

Opportunities

Expanding Markets:

As EV adoption rates continue to rise, there is significant potential for growth in emerging markets such as Southeast Asia and India.

These markets are supported by government policies and increasing consumer awareness of the benefits of EVs.

Technological Innovations:

Advances in battery technology, such as solid-state batteries and improved battery management systems, could further increase the appeal of cylindrical batteries for EVs.

These innovations could lead to higher energy densities, faster charging times, and longer lifespans for batteries.

Collaborative Efforts:

Partnerships between battery manufacturers, EV makers, and governments can help to accelerate the adoption of cylindrical batteries and overcome challenges in the market.

Collaborative efforts can lead to improved battery technology, reduced costs, and expanded infrastructure for EV charging.

In conclusion, the market for cylindrical batteries for electric vehicles is poised for significant growth due to rising EV sales, advancements in battery technology, and supportive government policies. However, challenges such as supply-demand imbalances, technical issues, and volatile raw material prices must be addressed to ensure sustainable growth in this market. Opportunities for expansion in emerging markets, technological innovations, and collaborative efforts present exciting prospects for the future of cylindrical batteries in the EV industry.

LP Information, Inc. (LPI) ' newest research report, the “Cylindrical Batteries for Electric Vehicles Industry Forecast” looks at past sales and reviews total world Cylindrical Batteries for Electric Vehicles sales in 2024, providing a comprehensive analysis by region and market sector of projected Cylindrical Batteries for Electric Vehicles sales for 2025 through 2031. With Cylindrical Batteries for Electric Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cylindrical Batteries for Electric Vehicles industry.

This Insight Report provides a comprehensive analysis of the global Cylindrical Batteries for Electric Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cylindrical Batteries for Electric Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cylindrical Batteries for Electric Vehicles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cylindrical Batteries for Electric Vehicles and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cylindrical Batteries for Electric Vehicles.

This report presents a comprehensive overview, market shares, and growth opportunities of Cylindrical Batteries for Electric Vehicles market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
18650 Battery
21700 Battery
4680 Battery
Others

Segmentation by Application:
Passenger Vehicle
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
CATL
BYD
EVE
LG Energy Solution
Samsung SDI
REPT
Great Power
Gotion High-tech
Tesla
A123 Systems
Sunwoda Electronic
SVOLT
Farasis Energy
SK on
Envision AESC
Lishen
Saft
Panasonic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cylindrical Batteries for Electric Vehicles market?

What factors are driving Cylindrical Batteries for Electric Vehicles market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cylindrical Batteries for Electric Vehicles market opportunities vary by end market size?

How does Cylindrical Batteries for Electric Vehicles break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.