According to the report, Usage of light batteries in automobiles is one of the primary growth factors for the market. Growing demand for electric vehicles is also expected to contribute significantly to the Automotive Traction Battery market. Overall, BEV applications of Automotive Traction Battery, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Global Automotive Traction Battery Market identified that the demand is rising in many different parts of the world due to "Enhanced battery capacity and reducing costs ". Furthermore, some recent industry insights like "" is constantly making the industry dynamic. One of the challenges that industry facing is "Expensive battery cost and Lack of well-defined EV infrastructure"

The Shape, such as Cylindrical, is boosting the Automotive Traction Battery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Capacity, such as <100 Ah, is boosting the Automotive Traction Battery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Motor Type, such as DC Series Motor, is boosting the Automotive Traction Battery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Voltage, such as Low Voltage (24 to 144V), is boosting the Automotive Traction Battery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Distribution Channels, such as Direct, is boosting the Automotive Traction Battery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Position Sensor Type, such as Hall Sensor, is boosting the Automotive Traction Battery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Automotive Traction Battery market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Traction Battery market and other related sub-markets covered in the study.

o Key & emerging players in the Automotive Traction Battery market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Automotive Traction Battery market size is calculated using market estimation process, the Automotive Traction Battery market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive Traction Battery market size has been validated using both top-down and bottom-up approaches.