Battery Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/29/2024
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, 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 $330 billion by 2030, growing at a compound annual growth rate (CAGR) of 15.8% from 2023 to 2030, according to Grand View 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.


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.

Imports account for about 60% of the US market for batteries; leading sources are Japan, China, and South Korea. US-manufactured batteries are exported primarily to Canada and Mexico. Exports ...

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