Traction Battery Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

TBRC’s market report includes a chapter on the COVID-19 impact on the traction battery industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected traction battery market growth numbers from 2022-2031.

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The global traction battery market size is expected to grow from $27.61 billion in 2021 to $31.88 billion in 2022 at a compound annual growth rate (CAGR) of 15.5%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The traction battery market is expected to reach $52.29 billion in 2026 at a CAGR of 13.2%.

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The Traction Battery Global Market Report 2022-31 by The Business Research Company evaluates traction battery market size, growth rate, drivers, traction battery industry trends, and major companies.

The traction battery market segments in the report are:
1) By Product Type: Lead Acid Based, Li-Ion Based, Nickel Based, Others
2) By Capacity: Less than 100 Ah, 100 – 200 Ah, 200 – 300 Ah, 300 – 400 Ah, 400 Ah and Above
3) By Application: Electrical Vehicle (EV), Hybrid Electric Vehicle (HEV), Industrial, Forklift, Mechanical Handling Equipment, Others

The table of contents in TBRC’s traction battery market report includes:
1. Executive Summary
2. Traction Battery Market Characteristics
3. Traction Battery Market Trends And Strategies
4. Impact Of COVID-19 On Traction Battery
5. Traction Battery Market Size And Growth
….
28. Key Mergers And Acquisitions In The Traction Battery Market
29. Traction Battery Market Future Outlook and Potential Analysis
30. Appendix

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