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UK Electric Commercial Vehicle Battery Pack Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The UK Electric Commercial Vehicle Battery Pack Market is segmented by Body Type (Bus, LCV, M&HDT), by Propulsion Type (BEV, PHEV), by Battery Chemistry (LFP, NCA, NCM, NMC, Others), by Capacity (15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh), by Battery Form (Cylindrical, Pouch, Prismatic), by Method (Laser, Wire), by Component (Anode, Cathode, Electrolyte, Separator) and by Material Type (Cobalt, Lithium, Manganese, Natural Graphite, Nickel). Market Size is represented by the total volume of EV battery packs sold, measured in kilowatt-hours (kWh), along with the Market Value in USD. Key data points observed include the total energy capacity of battery packs sold, expressed in kilowatt-hours (kWh), segmented by battery chemistry, the capacity range of each battery pack, and the specific application or vehicle type associated with each battery chemistry segment.

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UK Electric Commercial Vehicle Battery Pack Market Size

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UK Electric Commercial Vehicle Battery Pack Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 101.9 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 114.5 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Propulsion Type BEV
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 2.37 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Propulsion Type PHEV

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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UK Electric Commercial Vehicle Battery Pack Market Analysis

The UK Electric Commercial Vehicle Battery Pack Market size is estimated at 101.9 million USD in 2024, and is expected to reach 114.5 million USD by 2029, growing at a CAGR of 2.37% during the forecast period (2024-2029).

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101.9 Million

Market Size in 2024 (USD)

114.5 Million

Market Size in 2029 (USD)

9.33 %

CAGR (2018-2023)

2.37 %

CAGR (2024-2029)

Largest Segment by Body Type

94.06 %

value share, LCV, 2023

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In the UK, LCVs are used for a variety of purposes, including deliveries, trades, and construction. They are also relatively affordable and good options for businesses.

Largest Segment by Propulsion Type

99.24 %

value share, BEV, 2023

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BEV is the largest segment in the UK ECV battery pack market because of its lower operating cost, longer range, and other additional features.

Largest Segment by Battery Chemistry

62.52 %

value share, NMC, 2023

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Due to less cost as compared to others, less prone to thermal runaway with longer cycle life make NMC batteries dominant in the UK electric ECV battery pack market.

Largest Segment by Battery Form

57.42 %

value share, Prismatic, 2023

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Prismatic batteries offer higher energy density and improved thermal management, making them suitable for demanding commercial applications.

Leading Market Player

34.56 %

market share, Contemporary Amperex Technology Co. Ltd. (CATL), 2022

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CATL has a strong record of innovation and quality and its batteries are used in a wide range of electric vehicles including buses, and trucks in the UK market.

The United Kingdom sees accelerated adoption of battery electric commercial vehicles

  • Electric commercial vehicles (ECVs) have gained popularity in the UK in recent years due to their environmental benefits and cost-effectiveness. According to the Society of Motor Manufacturers and Traders (SMMT), there were 36,972 pure electric commercial vehicles registered in the United Kingdom in 2022. During the same year, the UK government announced a USD 260.46 million (GBP 246 million) investment in battery technology, which included funding for research and development. Despite the challenges posed by the COVID-19 pandemic, the adoption of electric vehicles in the United Kingdom continued to grow in 2020.
  • According to the SMMT, 10,257 pure electric commercial vehicles were registered in the UK in 2020. The UK government announced a USD 2,647 million (GBP 2.5 billion) investment in the development of electric vehicle charging infrastructure. The adoption of electric vehicles in the UK accelerated in 2021, with 15,566 pure electric commercial vehicles registered in the first eight months of the year, according to the SMMT. This represents a 73.2% increase compared to the same period in 2020.
  • Government incentives and subsidies have played a crucial role in this rise. For instance, the UK government offers incentives of up to USD 2,647 (GBP 2500) to help businesses offset the cost of owning an electric vehicle and USD 8,470.4 (GBP 8000) for electric vans. The changeover to ECVs that has been facilitated by this incentive program has raised the need for battery packs. On the other hand, upcoming electric vehicle plans by significant automakers have also aided in the expansion of the market for ECV battery packs. Ford, Volkswagen, and Mercedes-Benz are among the automakers that have declared their intentions to introduce new ECV vehicles in the upcoming years.
UK Electric Commercial Vehicle Battery Pack Market

UK Electric Commercial Vehicle Battery Pack Market Trends

THE LEADING PLAYERS SHAPING THE ELECTRIC VEHICLE MARKET IN THE UNITED KINGDOM ARE TOYOTA GROUP, TESLA, KIA, HYUNDAI, AND BMW

  • The electric vehicle battery pack market in the United Kingdom is competitive. In 2022, five companies dominated the market, holding over 45% of the market share. These front-runners are Toyota Group, Tesla, Kia, Hyundai, and BMW. The Toyota Group leads the pack, boasting about 16.86% market share, establishing itself as the top seller of electric vehicles. With its diverse product range, extensive service network, and robust brand reputation, Toyota continues to strengthen its market position.
  • Tesla, capturing approximately 9.57% of the UK electric vehicle battery pack market, stands as the second-largest electric vehicle seller in the country. The company's innovative strategies and its broad range of solely electric cars solidify its stance. Following closely, Kia takes the third spot with about 7.53% of the market share in the UK electric vehicle battery pack market. With a varied product lineup catering to different customer segments, Kia benefits from a well-structured supply and distribution chain.
  • In fourth place, Hyundai claims around 7.47% of the market share in the UK electric vehicle market. Its diverse offerings appeal to both mid-range and premium customers, resulting in a loyal customer base. BMW is in the fifth position, holding a market share of approximately 6.66%. Other notable players in the UK electric vehicle market include Volkswagen, Honda, MG, Renault, and Audi.
UK Electric Commercial Vehicle Battery Pack Market

EV SALES IN THE UNITED KINGDOM ARE LED BY TESLA AND TOYOTA, WITH THE HIGHEST DEMAND FOR BATTERY PACKS

  • The demand for electric vehicles in the UK electric vehicle battery pack market has surged in recent years, resulting in boosting the demand for batteries. Numerous brands and models populate the market in the United Kingdom. In 2022, the top five contenders in the UK electric vehicle battery pack market were the Tesla Model Y, the Toyota Vitz (Yaris), the Tesla Model 3, the Toyota Corolla, and the Toyota CH-R. Leading the chart, the Tesla Model Y sold 35,551 units, with its extended range, spacious seating, and generous cargo space making it a consumer favorite.
  • Toyota's Vitz, better known as Yaris, was in the second spot in the UK electric vehicle battery pack market with 22,051 sales. Its hybrid powertrain and affordability cater to those seeking a compact electric option. Close behind, the Tesla Model 3 secured third place in the electric vehicle battery pack market in the country, logging 19,071 sales. Offered in both rear-wheel drive and performance trims, its robust performance captivates many customers.
  • Fourth in line, the Toyota Corolla registered 18,594 sales in the United Kingdom. Its hybrid powertrain and competitive pricing continue to lure customers. In the fifth position, the Toyota CH-R marked 17,440 sales across the United Kingdom. Other significant players in the UK electric vehicle battery pack market include the Toyota Yaris Cross, Hyundai Tucson, Kia Niro, and Honda Fit.
UK Electric Commercial Vehicle Battery Pack Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • POLICIES AND INCENTIVES BY THE UK GOVERNMENT ARE DRIVING A SURGE IN ELECTRIC VEHICLE SALES
  • DECLINING LITHIUM-ION BATTERY PRICES ARE PROPELLING ELECTRIC VEHICLE ADOPTION IN THE UNITED KINGDOM
  • FROM 2017 THROUGH 2022, UK BATTERY PRICES FELL STEADILY DUE TO TECHNOLOGICAL ADVANCES, ECONOMIES OF SCALE, AND COMPETITION IN THE MARKET
  • INTERNATIONAL COMPANIES ARE DRIVING ELECTRIFICATION IN THE UNITED KINGDOM WITH NEW EV MODELS, EXPANDING THE ELECTRIC VEHICLE MARKET
  • THE UK ELECTRIC VEHICLE BATTERY PACK MARKET IS CHARACTERIZED BY THE DOMINANCE OF NMC BATTERIES AND GROWING DEMAND FOR NCA AND NCM CHEMISTRIES
  • POTENTIAL BAN ON INTERNAL COMBUSTION ENGINES IN THE UNITED KINGDOM IS DRIVING ELECTRIC VEHICLE ADOPTION AND DEMAND FOR BATTERY MATERIALS
  • IMPROVEMENTS IN BATTERY TECHNOLOGY ARE A DRIVING FORCE BEHIND THE INCREASING POPULARITY OF ELECTRIC VEHICLES IN THE UNITED KINGDOM

UK Electric Commercial Vehicle Battery Pack Industry Overview

The UK Electric Commercial Vehicle Battery Pack Market is moderately consolidated, with the top five companies occupying 62.30%. The major players in this market are BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), LG Energy Solution Ltd., Samsung SDI Co. Ltd. and SK Innovation Co. Ltd. (sorted alphabetically).

UK Electric Commercial Vehicle Battery Pack Market Leaders

  1. BYD Company Ltd.

  2. Contemporary Amperex Technology Co. Ltd. (CATL)

  3. LG Energy Solution Ltd.

  4. Samsung SDI Co. Ltd.

  5. SK Innovation Co. Ltd.

UK Electric Commercial Vehicle Battery Pack Market Concentration

Other important companies include Amte Power PLC, ENVISION AESC UK Ltd., Hyperdrive Innovation Holdings Ltd., Ilika Technolgies Ltd., Power By Britishvolt Ltd., Robert Bosch GmbH, ZF Friedrichshafen AG.

*Disclaimer: Major Players sorted in alphabetical order.

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UK Electric Commercial Vehicle Battery Pack Market News

  • January 2023: Ilika is leading an £8.2 million collaboration with industry experts to deliver its solid-state battery ready for automotive level performance.
  • November 2022: AMTE Power PLC has received a conversion notice in respect of GBP150,000 worth of convertible loan notes from Arena Investors LP, resulting in the issue of 245,514 new shares at a conversion price of 61.10 pence each.
  • October 2022: AMTE Power has agreed on a production contract with the UK Battery Industrialisation Centre for its Ultra High Power cells.

Free with this Report

Our comprehensive data set offers over 120 free charts, providing detailed regional and country-level insights into the EV battery pack industry. This includes analyses of distribution and production centers, variations in average selling prices (ASPs) across different regions, and a deep dive into industry trends like demand shifts and technological innovations. We also offer a thorough market segmentation, examining different battery chemistries, capacities, and form factors, alongside an in-depth understanding of market trends such as the adoption of advanced technologies and the impact of environmental regulations. Additionally, we provide an overview of major industry players, a look at the regulatory landscape, and market size analysis in terms of revenue and volume, all culminating in projections and forecasts that consider emerging trends and potential industry shifts.

UK Electric Commercial Vehicle Battery Pack Market
UK Electric Commercial Vehicle Battery Pack Market
UK Electric Commercial Vehicle Battery Pack Market
UK Electric Commercial Vehicle Battery Pack Market

UK Electric Commercial Vehicle Battery Pack Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Electric Commercial Vehicle Sales

    2. 2.2. Electric Commercial Vehicle Sales By OEMs

    3. 2.3. Best-selling EV Models

    4. 2.4. OEMs With Preferable Battery Chemistry

    5. 2.5. Battery Pack Price

    6. 2.6. Battery Material Cost

    7. 2.7. Price Chart Of Different Battery Chemistry

    8. 2.8. Who Supply Whom

    9. 2.9. EV Battery Capacity And Efficiency

    10. 2.10. Number Of EV Models Launched

    11. 2.11. Regulatory Framework

      1. 2.11.1. UK

    12. 2.12. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Body Type

      1. 3.1.1. Bus

      2. 3.1.2. LCV

      3. 3.1.3. M&HDT

    2. 3.2. Propulsion Type

      1. 3.2.1. BEV

      2. 3.2.2. PHEV

    3. 3.3. Battery Chemistry

      1. 3.3.1. LFP

      2. 3.3.2. NCA

      3. 3.3.3. NCM

      4. 3.3.4. NMC

      5. 3.3.5. Others

    4. 3.4. Capacity

      1. 3.4.1. 15 kWh to 40 kWh

      2. 3.4.2. 40 kWh to 80 kWh

      3. 3.4.3. Above 80 kWh

      4. 3.4.4. Less than 15 kWh

    5. 3.5. Battery Form

      1. 3.5.1. Cylindrical

      2. 3.5.2. Pouch

      3. 3.5.3. Prismatic

    6. 3.6. Method

      1. 3.6.1. Laser

      2. 3.6.2. Wire

    7. 3.7. Component

      1. 3.7.1. Anode

      2. 3.7.2. Cathode

      3. 3.7.3. Electrolyte

      4. 3.7.4. Separator

    8. 3.8. Material Type

      1. 3.8.1. Cobalt

      2. 3.8.2. Lithium

      3. 3.8.3. Manganese

      4. 3.8.4. Natural Graphite

      5. 3.8.5. Nickel

      6. 3.8.6. Other Materials

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Amte Power PLC

      2. 4.4.2. BYD Company Ltd.

      3. 4.4.3. Contemporary Amperex Technology Co. Ltd. (CATL)

      4. 4.4.4. ENVISION AESC UK Ltd.

      5. 4.4.5. Hyperdrive Innovation Holdings Ltd.

      6. 4.4.6. Ilika Technolgies Ltd.

      7. 4.4.7. LG Energy Solution Ltd.

      8. 4.4.8. Power By Britishvolt Ltd.

      9. 4.4.9. Robert Bosch GmbH

      10. 4.4.10. Samsung SDI Co. Ltd.

      11. 4.4.11. SK Innovation Co. Ltd.

      12. 4.4.12. ZF Friedrichshafen AG

  7. 5. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, UK, 2017 - 2029
  1. Figure 2:  
  2. ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, UK, 2023
  1. Figure 3:  
  2. ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, UK, 2023
  1. Figure 4:  
  2. BEST-SELLING EV MODELS, UNITS, UK, 2023
  1. Figure 5:  
  2. OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, UK, 2023
  1. Figure 6:  
  2. ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, UK, 2017 - 2029
  1. Figure 7:  
  2. ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, UK, 2017 - 2029
  1. Figure 8:  
  2. ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, UK, 2017 - 2029
  1. Figure 9:  
  2. EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, UK, 2023
  1. Figure 10:  
  2. UPCOMING EV MODELS, BY BODY TYPE, UNITS, UK, 2023
  1. Figure 11:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, KWH, UK, 2017 - 2029
  1. Figure 12:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, USD, UK, 2017 - 2029
  1. Figure 13:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BODY TYPE, KWH, UK, 2017 - 2029
  1. Figure 14:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BODY TYPE, USD, UK, 2017 - 2029
  1. Figure 15:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 16:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 17:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BUS, KWH, UK, 2017 - 2029
  1. Figure 18:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BUS, USD, UK, 2017 - 2029
  1. Figure 19:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 20:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LCV, KWH, UK, 2017 - 2029
  1. Figure 21:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LCV, USD, UK, 2017 - 2029
  1. Figure 22:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 23:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY M&HDT, KWH, UK, 2017 - 2029
  1. Figure 24:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY M&HDT, USD, UK, 2017 - 2029
  1. Figure 25:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 26:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, UK, 2017 - 2029
  1. Figure 27:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PROPULSION TYPE, USD, UK, 2017 - 2029
  1. Figure 28:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 29:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 30:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BEV, KWH, UK, 2017 - 2029
  1. Figure 31:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BEV, USD, UK, 2017 - 2029
  1. Figure 32:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 33:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PHEV, KWH, UK, 2017 - 2029
  1. Figure 34:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PHEV, USD, UK, 2017 - 2029
  1. Figure 35:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 36:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BATTERY CHEMISTRY, KWH, UK, 2017 - 2029
  1. Figure 37:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BATTERY CHEMISTRY, USD, UK, 2017 - 2029
  1. Figure 38:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BATTERY CHEMISTRY, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 39:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BATTERY CHEMISTRY, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 40:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LFP, KWH, UK, 2017 - 2029
  1. Figure 41:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LFP, USD, UK, 2017 - 2029
  1. Figure 42:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 43:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NCA, KWH, UK, 2017 - 2029
  1. Figure 44:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NCA, USD, UK, 2017 - 2029
  1. Figure 45:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 46:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NCM, KWH, UK, 2017 - 2029
  1. Figure 47:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NCM, USD, UK, 2017 - 2029
  1. Figure 48:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 49:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NMC, KWH, UK, 2017 - 2029
  1. Figure 50:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NMC, USD, UK, 2017 - 2029
  1. Figure 51:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 52:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY OTHERS, KWH, UK, 2017 - 2029
  1. Figure 53:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY OTHERS, USD, UK, 2017 - 2029
  1. Figure 54:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 55:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CAPACITY, KWH, UK, 2017 - 2029
  1. Figure 56:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CAPACITY, USD, UK, 2017 - 2029
  1. Figure 57:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 58:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 59:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, UK, 2017 - 2029
  1. Figure 60:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, UK, 2017 - 2029
  1. Figure 61:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 62:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, UK, 2017 - 2029
  1. Figure 63:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, UK, 2017 - 2029
  1. Figure 64:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 65:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, UK, 2017 - 2029
  1. Figure 66:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, UK, 2017 - 2029
  1. Figure 67:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 68:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, UK, 2017 - 2029
  1. Figure 69:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, UK, 2017 - 2029
  1. Figure 70:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 71:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BATTERY FORM, KWH, UK, 2017 - 2029
  1. Figure 72:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY BATTERY FORM, USD, UK, 2017 - 2029
  1. Figure 73:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 74:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 75:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CYLINDRICAL, KWH, UK, 2017 - 2029
  1. Figure 76:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CYLINDRICAL, USD, UK, 2017 - 2029
  1. Figure 77:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 78:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY POUCH, KWH, UK, 2017 - 2029
  1. Figure 79:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY POUCH, USD, UK, 2017 - 2029
  1. Figure 80:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 81:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PRISMATIC, KWH, UK, 2017 - 2029
  1. Figure 82:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY PRISMATIC, USD, UK, 2017 - 2029
  1. Figure 83:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 84:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY METHOD, KWH, UK, 2017 - 2029
  1. Figure 85:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY METHOD, USD, UK, 2017 - 2029
  1. Figure 86:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 87:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, METHOD, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 88:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LASER, KWH, UK, 2017 - 2029
  1. Figure 89:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LASER, USD, UK, 2017 - 2029
  1. Figure 90:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 91:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY WIRE, KWH, UK, 2017 - 2029
  1. Figure 92:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY WIRE, USD, UK, 2017 - 2029
  1. Figure 93:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 94:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY COMPONENT, UNITS, UK, 2017 - 2029
  1. Figure 95:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY COMPONENT, USD, UK, 2017 - 2029
  1. Figure 96:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 97:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 98:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ANODE, UNITS, UK, 2017 - 2029
  1. Figure 99:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ANODE, USD, UK, 2017 - 2029
  1. Figure 100:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 101:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CATHODE, UNITS, UK, 2017 - 2029
  1. Figure 102:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY CATHODE, USD, UK, 2017 - 2029
  1. Figure 103:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 104:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, UK, 2017 - 2029
  1. Figure 105:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY ELECTROLYTE, USD, UK, 2017 - 2029
  1. Figure 106:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 107:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY SEPARATOR, UNITS, UK, 2017 - 2029
  1. Figure 108:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY SEPARATOR, USD, UK, 2017 - 2029
  1. Figure 109:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 110:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY MATERIAL TYPE, KG, UK, 2017 - 2029
  1. Figure 111:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY MATERIAL TYPE, USD, UK, 2017 - 2029
  1. Figure 112:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 113:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 114:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY COBALT, KG, UK, 2017 - 2029
  1. Figure 115:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY COBALT, USD, UK, 2017 - 2029
  1. Figure 116:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 117:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LITHIUM, KG, UK, 2017 - 2029
  1. Figure 118:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY LITHIUM, USD, UK, 2017 - 2029
  1. Figure 119:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 120:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY MANGANESE, KG, UK, 2017 - 2029
  1. Figure 121:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY MANGANESE, USD, UK, 2017 - 2029
  1. Figure 122:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 123:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, UK, 2017 - 2029
  1. Figure 124:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, UK, 2017 - 2029
  1. Figure 125:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 126:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NICKEL, KG, UK, 2017 - 2029
  1. Figure 127:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY NICKEL, USD, UK, 2017 - 2029
  1. Figure 128:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 129:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY OTHER MATERIALS, KG, UK, 2017 - 2029
  1. Figure 130:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BY OTHER MATERIALS, USD, UK, 2017 - 2029
  1. Figure 131:  
  2. BREAKDOWN OF UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029
  1. Figure 132:  
  2. UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
  1. Figure 133:  
  2. UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
  1. Figure 134:  
  2. UK ELECTRIC COMMERCIAL VEHICLE BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023

UK Electric Commercial Vehicle Battery Pack Industry Segmentation

Bus, LCV, M&HDT are covered as segments by Body Type. BEV, PHEV are covered as segments by Propulsion Type. LFP, NCA, NCM, NMC, Others are covered as segments by Battery Chemistry. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type.

  • Electric commercial vehicles (ECVs) have gained popularity in the UK in recent years due to their environmental benefits and cost-effectiveness. According to the Society of Motor Manufacturers and Traders (SMMT), there were 36,972 pure electric commercial vehicles registered in the United Kingdom in 2022. During the same year, the UK government announced a USD 260.46 million (GBP 246 million) investment in battery technology, which included funding for research and development. Despite the challenges posed by the COVID-19 pandemic, the adoption of electric vehicles in the United Kingdom continued to grow in 2020.
  • According to the SMMT, 10,257 pure electric commercial vehicles were registered in the UK in 2020. The UK government announced a USD 2,647 million (GBP 2.5 billion) investment in the development of electric vehicle charging infrastructure. The adoption of electric vehicles in the UK accelerated in 2021, with 15,566 pure electric commercial vehicles registered in the first eight months of the year, according to the SMMT. This represents a 73.2% increase compared to the same period in 2020.
  • Government incentives and subsidies have played a crucial role in this rise. For instance, the UK government offers incentives of up to USD 2,647 (GBP 2500) to help businesses offset the cost of owning an electric vehicle and USD 8,470.4 (GBP 8000) for electric vans. The changeover to ECVs that has been facilitated by this incentive program has raised the need for battery packs. On the other hand, upcoming electric vehicle plans by significant automakers have also aided in the expansion of the market for ECV battery packs. Ford, Volkswagen, and Mercedes-Benz are among the automakers that have declared their intentions to introduce new ECV vehicles in the upcoming years.
Body Type
Bus
LCV
M&HDT
Propulsion Type
BEV
PHEV
Battery Chemistry
LFP
NCA
NCM
NMC
Others
Capacity
15 kWh to 40 kWh
40 kWh to 80 kWh
Above 80 kWh
Less than 15 kWh
Battery Form
Cylindrical
Pouch
Prismatic
Method
Laser
Wire
Component
Anode
Cathode
Electrolyte
Separator
Material Type
Cobalt
Lithium
Manganese
Natural Graphite
Nickel
Other Materials
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Market Definition

  • Battery Chemistry - Various types of battery chemistry considred under this segment include LFP, NCA, NCM, NMC, Others.
  • Battery Form - The types of battery forms offered under this segment include Cylindrical, Pouch and Prismatic.
  • Body Type - Body types considered under this segment include, LCV (light commercial vehicle), M&HDT (medium & heavy duty trucks)and buses.
  • Capacity - Various types of battery capacities inldude under theis segment are 15 kWH to 40 kWH, 40 kWh to 80 kWh, Above 80 kWh and Less than 15 kWh.
  • Component - Various components covered under this segment include anode, cathode, electrolyte, separator.
  • Material Type - Various material covered under this segment include cobalt, lithium, manganese, natural graphite, nickel, other material.
  • Method - The types of method covered under this segment include laser and wire.
  • Propulsion Type - Propulsion types considered under this segment include BEV (Battery electric vehicles), PHEV (plug-in hybrid electric vehicle).
  • ToC Type - ToC 2
  • Vehicle Type - Vehicle type considered under this segment include commercial vehicles with various EV powertrains.
Keyword Definition
Electric vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all electric vehicles as well as plug-electric vehicles as well as plug-in hybrids.
Battery-as-a-Service A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge
Battery Cell The basic unit of an electric vehicle's battery pack, typically a lithium-ion cell, that stores electrical energy.
Module A subsection of an EV battery pack, consisting of several cells grouped together, often used to facilitate manufacturing and maintenance.
Battery Management System (BMS) An electronic system that manages a rechargeable battery by protecting the battery from operating outside its safe operating area, monitoring its state, calculating secondary data, reporting data, controlling its environment, and balancing it.
Energy Density A measure of how much energy a battery cell can store in a given volume, usually expressed in watt-hours per liter (Wh/L).
Power Density The rate at which energy can be delivered by the battery, often measured in watts per kilogram (W/kg).
Cycle Life The number of complete charge-discharge cycles a battery can perform before its capacity falls under a specified percentage of its original capacity.
State of Charge (SOC) A measurement, expressed as a percentage, that represents the current level of charge in a battery compared to its capacity.
State of Health (SOH) An indicator of the overall condition of a battery, reflecting its current performance compared to when it was new.
Thermal Management System A system designed to maintain optimal operating temperatures for an EV's battery pack, often using cooling or heating methods.
Fast Charging A method of charging an EV battery at a much faster rate than standard charging, typically requiring specialized charging equipment.
Regenerative Braking A system in electric and hybrid vehicles that recovers energy normally lost during braking and stores it in the battery.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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UK Electric Commercial Vehicle Battery Pack Market Research FAQs

The UK Electric Commercial Vehicle Battery Pack Market size is expected to reach USD 101.87 million in 2024 and grow at a CAGR of 2.37% to reach USD 114.53 million by 2029.

In 2024, the UK Electric Commercial Vehicle Battery Pack Market size is expected to reach USD 101.87 million.

BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), LG Energy Solution Ltd., Samsung SDI Co. Ltd. and SK Innovation Co. Ltd. are the major companies operating in the UK Electric Commercial Vehicle Battery Pack Market.

In the UK Electric Commercial Vehicle Battery Pack Market, the BEV segment accounts for the largest share by propulsion type.

In 2024, the PHEV segment accounts for the fastest growing by propulsion type in the UK Electric Commercial Vehicle Battery Pack Market.

In 2023, the UK Electric Commercial Vehicle Battery Pack Market size was estimated at 101.87 million. The report covers the UK Electric Commercial Vehicle Battery Pack Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UK Electric Commercial Vehicle Battery Pack Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

UK Electric Commercial Vehicle Battery Pack Industry Report

Statistics for the 2023 UK Electric Commercial Vehicle Battery Pack market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UK Electric Commercial Vehicle Battery Pack analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

UK Electric Commercial Vehicle Battery Pack Market Report Snapshots