Cylindrical Lithium-Ion Battery Market: Current Analysis and Forecast (2025-2033)

Global Cylindrical Lithium-Ion Battery Market Size & Forecast

The global cylindrical lithium-ion battery market was valued at USD 22,784.72 million in 2024 and is expected to grow to a strong CAGR of around 18.7% during the forecast period (2025-2033F), driven by the growing demand in power tools, electric vehicles, and consumer electronics due to their high energy density and mechanical stability.

Cylindrical Lithium-Ion Battery Market Analysis

Cylindrical lithium-ion battery is a kind of rechargeable battery that is cylindrical, round, tube-like, and metal cased with the purpose of supplying high energy density, stability, and durability. The most popular sizes are 18650, 21700, and the new 4680. These batteries are components of an anode, cathode, separator, and electrolyte that are wound tightly in a cylindrical shape that improves thermal management and structural stability.

The Cylindrical Lithium-Ion Battery market is increasing as a result of the increased demand for electric vehicles, consumer electronics, and energy storage systems. Their small size, structural robustness, and high energy density factors make them very convenient in scalable usage, particularly among battery packs within the EVs, where cells such as 21700 and 4680, etc, are becoming more popular. Moreover, the rate of market expansion is also being boosted by government initiatives in clean energy, as well as rising concern over the environment and greater investment in the production and recycling of batteries in local facilities.

Global Cylindrical Lithium-Ion Battery Market Trends

This section discusses the key market trends that are influencing the various segments of the global cylindrical lithium-ion battery market, as found by our team of research experts.

Automation in Battery Manufacturing

The cylindrical lithium-ion battery manufacturing industry is improving with the help of automation, resulting in efficient production with minimum human error and balanced quality. The use of AI and an automated monitoring system throughout the manufacturing process plays a crucial role in the growth of this market. Additionally, this trend will allow manufacturers to satisfy the mounting demand for EVs, power tools, and energy storage systems at large scales at a lower cost of production. Automation will also allow fast prototyping and modifications of newer cell formats such as 21700 and 4680. With the current increase in global competition, automated production is increasingly becoming a necessity in ensuring competitiveness, predictable safety, and increased production yields and throughput.

Cylindrical Lithium-Ion Battery Industry Segmentation

This section provides an analysis of the key trends in each segment of the global cylindrical lithium-ion battery market report, along with forecasts at the global, regional, and country levels for 2025-2033.

The Lithium Nickel Cobalt Aluminium Oxide (NCA) Battery market dominates the Global Cylindrical Lithium-Ion Battery Market

Based on the battery type category, the market is categorized into Lithium Cobalt Oxide (LCO), Lithium Manganese Oxide (LMO), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminium Oxide (NCA), and Others. Out of these, the Lithium Nickel Cobalt Aluminium Oxide (NCA) battery market has the highest market share in the cylindrical lithium-ion battery market. This is mainly because it has high energy density, long cycle life, and dominance in electric vehicles, especially those powered by large electric vehicle manufacturing companies such as Tesla. However, in the future Lithium Iron Phosphate (LFP) battery market is expected to be the fastest growing, due to the better thermal stability, reduced cost and its increasingly broad use in electric two-wheelers, energy storage systems, and low-cost EV models, especially in China and in emerging markets, where cost and safety are paramount.

The Consumer Electronics Segment dominates the Global Cylindrical Lithium-Ion Battery Market.

Based on the end-use industry, the market is categorized into automotive, medical, industrial, power, consumer electronics, and others. Among these, consumer electronics hold the maximum market share due to their extensive usage in gadgets such as laptops, cameras, flashlights, and other portable gadgets. However, the automotive segment is expected to be the fastest-growing segment due to the global transition to electric vehicles (EVs), the provision of electric vehicle production by governments to provide more incentives, and higher investment in EV battery technologies such as 21700 and 4680 cylindrical cells.

The Asia-Pacific region dominates the Global Cylindrical Lithium-Ion Battery Market.

The Asia-Pacific cylindrical Lithium-ion battery market is growing at a great pace owing to the robust manufacturing capacities, booming production of EVs, and escalating consumer electronics demand. China is the most dominant country in the region due to extreme production capacity and state support of new energy technology, whereas Japan and South Korea play their roles with high R&D and in battery chemistry innovation. Market growth is also fueled by the massive adoption of cylindrical cells in e-bikes, power tools, and portable devices applications. Also, regional battery recycling and supply chain strengthening minimize their reliance on global services and facilitate the development of stronger sustainability. Moreover, Asia-Pacific has been the core of the world's cylindrical battery production and development.

China held a Dominant share of the Asia-Pacific Cylindrical Lithium-Ion Battery Market in 2024

China dominates the Asia-Pacific cylindrical lithium-ion battery market due to a strong manufacturing ecosystem, government support, and leadership in the production of electric vehicles (EVs) and consumer electronics. China is a hub of large battery manufacturers such as CATL and BYD, which have the advantage of economies of scale, vertically integrated supply chains, and significant R&D investment. Additionally, the country possesses control over major raw materials like lithium, cobalt, and graphite. Moreover, the dynamic policies encouraging the use of EVs and storage of renewable energy have stimulated the internal demand, which consolidates the leading position of China in reshaping the market environment in the region and the commission of battery innovations.

Cylindrical Lithium-Ion Battery Industry Competitive Landscape

The global cylindrical lithium-ion battery market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, geographical expansions, and mergers and acquisitions.

Top Cylindrical Lithium-Ion Battery Market Companies

Some of the major players in the market are Panasonic Corporation, LG Energy Solution, Samsung SDI Co., Ltd., TianJin Lishen Battery Joint-Stock Co., Ltd., Murata Manufacturing Co., Ltd., VARTA AG., Contemporary Amperex Technology Co., Limited, BYD Company Ltd., E-One Moli Energy Corp., and Jiangsu Tenpower Lithium Co., Ltd. (Jiangsu Azure Corporation).

Recent Developments in the Cylindrical Lithium-Ion Battery Market

• In March 2025– SAMSUNG SDI announced the commencement of production of 46-series cylindrical batteries, which feature a diameter of 46 millimeters and represent the next generation of cylindrical battery technology. Additionally, SAMSUNG SDI became the first Korean battery manufacturer to begin supplying 46-series batteries to overseas customers and aims to expand its customer base following this announcement.

• In January 2025– Mazda Motor Corporation (Mazda) announced that a new module pack plant for automotive cylindrical lithium-ion battery cells would be constructed in Iwakuni City, Yamaguchi Prefecture, Japan. At this facility, modules and packs using cylindrical lithium-ion battery cells procured from Panasonic Energy Co., Ltd. (Panasonic Energy) will be produced. The completed battery packs are planned to be installed in Mazda's first battery electric vehicle (EV) developed on a dedicated EV platform, which will be manufactured at Mazda’s vehicle plant in Japan. An annual production capacity of 10 GWh has been planned for the new plant.

• In April 2024– LG Energy Solution announced the construction of a major battery manufacturing complex in Arizona. The complex consists of two manufacturing facilities, which are the company’s first stand-alone cylindrical and ESS battery plants in North America. The cylindrical battery plant, called LG Energy Solution Arizona, is expected to produce 46-Series batteries for electric vehicles (EVs).

Global Cylindrical Lithium-Ion Battery Market Report Coverage

Reasons to Buy the Cylindrical Lithium-Ion Battery Market Report:

• The study includes market sizing and forecasting analysis confirmed by authenticated key industry experts.

• The report briefly reviews overall industry performance at a glance.

• The report covers an in-depth analysis of prominent industry peers, primarily focusing on key business financials, type portfolios, expansion strategies, and recent developments.

• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

• The study comprehensively covers the market across different segments.

• Deep dive regional level analysis of the industry.

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