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, and Exide Technologies; leading companies based outside the US include Foxlink (Taiwan), GP Batteries (Hong Kong), GS Yuasa (Japan), and Johnson Controls (Ireland).

The global battery market is expected to reach about $700 billion by 2034, with a compound annual growth rate (CAGR) of 16.63% from 2025 to 2034, according to Precedence Research. 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.

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 50 largest firms account for more than 95% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major product categories are storage batteries (about 45% of industry revenue) and primary batteries (about 20%). Other products include motive-power type lead acid storage (about 10%), parts for all storage batteries, and ...