Battery & Accumulator Manufacturing in Germany - Market Research Report (2014-2029)
Frankfurt, Germany
Last Updated: August 2024
WZ C27.20DERevenue
€9.3bn
Past 5-Year Growth
Profit
€XXX.Xm
Employees
22,584
Businesses
51
Wages
€X.Xbn
Battery & Accumulator Manufacturing in Germany industry analysis
Batteries and accumulators are an integral part of our everyday lives and are used to power numerous devices. The industry grew between 2019 and 2024, recording an average increase in turnover of 13.6% per year. The strong focus of German manufacturers on starter batteries for vehicles has diminished over the past five years. In contrast, German manufacturers have increasingly focussed on small, high-performance batteries, for example for hearing aids, or on traction batteries for electronic devices or e-bikes. Batteries for electric cars are also becoming increasingly important among German manufacturers. The increase in electromobility is already generating huge sales potential. In the current year, however, industry turnover is likely to fall by 4.9% to 9.3 billion euros.Positive impetus is coming from investments in power generation from renewable energies, which is increasing the demand for energy storage solutions. Other sales drivers are batteries for e-bikes. The short-term expiry of the purchase subsidy for e-cars in Germany caused great uncertainty with regard to demand for industry products from car manufacturers. There is also strong competition from Asian manufacturers in this product segment. High research and development expenditure from both the private sector and the government offers potential for growth in the future.By 2029, IBISWorld expects the industry to grow. Turnover is expected to increase by an average of 7.7% per year and reach 13.5 billion euros in 2029. One reason for this positive development is government subsidies. This is making Germany more attractive as a production location for batteries and accumulators and the number of industry players is increasing. However, companies such as large car manufacturers and suppliers are also investing large sums in the research and development of new battery systems and the establishment of production capacities. They hope that this will give them a significant market advantage with regard to the expected continuation of the boom in electric vehicles in the coming years. Overall, the electrification of machines and devices, the expansion of renewable energies and a continuing trend towards electromobility should bring high growth rates to the industry in the coming years. The innovation potential in the area of batteries and accumulators is likely to remain at a high level and lead to shifts in demand within the industry.
Trends and Insights
- The increasing electrification of vehicles is increasing the demand for industry products. In addition to a starter battery, electric cars also require a traction battery.
- The most important product category is currently electric rechargeable batteries. Lithium-ion rechargeable batteries account for by far the largest share of sales in this segment.
- Battery manufacturers prefer to locate near important customers, particularly in the automotive industry and other manufacturing sectors. Accordingly, the Süd region has the highest number of companies in this sector.
- Batteries and accumulators from Asian countries have been the biggest competition in recent years. Chinese producers in particular are usually able to produce at lower costs than domestic manufacturers, which is why batteries from China are often offered at a lower price.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 13.6 % over the past five years, to reach an estimated €9.3bn in 2024.
Trends and Insights
Lead-acid batteries are losing ground to other industry products
- The majority of lead-acid batteries produced are starter batteries for combustion engines. In addition to being used as starter batteries for motor vehicles, they are also used in electric vehicles such as forklift trucks and special electric vehicles, but also as emergency power supplies in a wide range of industries.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Various countries are trying to attract battery manufacturers with state subsidies
- Both Germany and the European Union have responded to the increasing demand for storage solutions and the current dependence on Asian producers. A European battery value chain is to be established with the help of subsidies.
Biggest companies in the Battery & Accumulator Manufacturing in Germany
| Company | Market Share (%)
2024 | Revenue (€m)
2024 |
|---|---|---|
Clarios Germany GmbH & Co. KG | 1,018.7 | |
Varta AG | 539.8 | |
Exide Technologies Operations GmbH & Co. KG | 282.1 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Lithium-ion batteries, Electrical primary elements and primary batteries and Lead-acid batteries for starting motors. Lithium-ion batteries is the largest segment of the Battery & Accumulator Manufacturing in Germany.
Trends and Insights
Lithium-ion batteries are the most important product segment
- The category of electric rechargeable batteries includes lithium-ion and lithium-polymer rechargeable batteries.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Electric Motor, Generator & Transformer Manufacturing in Germany
- Electrical Appliance Manufacturing in Germany
- Engine & Turbine Manufacturing in Germany
International industries
- Battery Manufacturing in the US
- Battery Manufacturing in Canada
- Battery & Accumulator Manufacturing in the UK
- Battery Manufacturing in China
Table of Contents
About this industry
Industry definition
The battery and accumulator manufacturing industry produces rechargeable and non-rechargeable batteries and accumulators for storing energy. The generation of electricity and the installation of the batteries and accumulators produced in other devices, such as vehicles, smartphones, tools and household appliances, do not fall under the industry definition.
What's included in this industry?
Electric accumulatorsElectrical primary elements and primary batteriesLead-acid batteries for starting motorsOther lead accumulatorsCompanies
Clarios Germany GmbH & Co. KGVarta AGExide Technologies Operations GmbH & Co. KGPurchase this report to view all 5 major companies in this industry.
Related Terms
ELECTRODEELEKTROLYTBATTERY CELLIndustry Code
WZ 27.20 - Battery & Accumulator Manufacturing in Germany
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The increasing electrification of vehicles is increasing the demand for industry products. In addition to a starter battery, electric cars also require a traction battery.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The most important product category is currently electric rechargeable batteries. Lithium-ion rechargeable batteries account for by far the largest share of sales in this seg...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Battery manufacturers prefer to locate near important customers, particularly in the automotive industry and other manufacturing sectors. Accordingly, the Süd region has the ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Batteries and accumulators from Asian countries have been the biggest competition in recent years. Chinese producers in particular are usually able to produce at lower costs ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Market leader Clarios primarily produces starter batteries for motor vehicles. The high demand for start-stop batteries has prompted the Group to increase its spending on res...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Clarios Germany GmbH & Co. KG's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Varta AG's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Exide Technologies Operations GmbH & Co. KG's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Clarios Germany GmbH & Co. KG, and factors influencing its performance in the industry
- Description and key data for Varta AG, and factors influencing its performance in the industry
- Description and key data for Exide Technologies Operations GmbH & Co. KG, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry is subject to strict regulation. The most important law is the Battery Act, which regulates the collection and environmentally sound disposal of used batteries.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Material costs are the biggest cost factor. The industry has a high demand for various metals such as lithium, nickel and lead as well as different acids, which are essential...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Germany include:
- German Federal Statistics Office (Destatis)
- European Statistics Office (Eurostat)
- United Nations Comtrade
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Battery & Accumulator Manufacturing industry in Germany in 2024?
The market size of the Battery & Accumulator Manufacturing industry in Germany is €9.3bn in 2024.
How many businesses are there in the Battery & Accumulator Manufacturing in Germany industry in 2024?
There are 51 businesses in the Battery & Accumulator Manufacturing industry in Germany, which has grown at a CAGR of 7.8 % between 2019 and 2024.
Has the Battery & Accumulator Manufacturing industry in Germany grown or declined over the past 5 years?
The market size of the Battery & Accumulator Manufacturing industry in Germany has been growing at a CAGR of 13.6 % between 2019 and 2024.
What is the forecast growth of the Battery & Accumulator Manufacturing industry in Germany over the next 5 years?
Over the next five years, the Battery & Accumulator Manufacturing industry in Germany is expected to grow.
What are the biggest companies in the Battery & Accumulator Manufacturing market in Germany?
The biggest companies operating in the Battery & Accumulator Manufacturing market in Germany are Clarios Germany GmbH & Co. KG, Varta AG and Exide Technologies Operations GmbH & Co. KG
What does the Battery & Accumulator Manufacturing in Germany include?
Electric accumulators and Electrical primary elements and primary batteries are part of the Battery & Accumulator Manufacturing industry.
Which companies have the highest market share in the Battery & Accumulator Manufacturing in Germany?
The company holding the most market share in Germany is Clarios Germany GmbH & Co. KG.
How competitive is the Battery & Accumulator Manufacturing industry in Germany?
The level of competition is high and increasing in the Battery & Accumulator Manufacturing industry in Germany.
