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Battery Manufacturing in Canada Industry Data and Analysis
Over the past five years, Canada’s battery manufacturing industry has experienced a period of rapid expansion fueled by sustained investment in new gigafactories, growing demand from electric vehicle (EV) and energy storage sectors and targeted government incentives at both federal and provincial levels. Major industry players, including Volkswagen, Stellantis-LG and Northvolt, have staked out multi-billion-dollar projects, particularly across an emerging manufacturing corridor spanning Ontario and Quebec. This surge in capacity has energized downstream suppliers and supported short-term job growth, even as full project ramp-ups have been phased in. Revenue has been expanding at a CAGR of 10.3% over the past five years and is expected to reach $484.3 million in 2025, when revenue will rise by an estimated 3.2%.
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What's included in this industry analysis
IBISWorld's research coverage on the Battery Manufacturing industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released October 2025.
About this industry
What's this industry report about?
The Battery Manufacturing industry in Canada operates under the NAICS industry code 33591CA. This industry manufactures two types of batteries: primary and secondary. Secondary batteries are also known as rechargeable or storage batteries. Primary batteries have only one life and are not rechargeable. Batteries in Canada have various uses, including in cell phones, medical equipment, households and the automotive and transport sectors. Related terms covered in the Battery Manufacturing industry in Canada include lithium-ion batteries, rechargeable batteries and primary batteries.
What's included in this industry?
Products and services covered in Battery Manufacturing industry in Canada include Lithium-ion accumulators, Lithium primary batteries and Lead-acid accumulators.
What companies are included in this industry?
The Battery Manufacturing industry in Canada is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Battery Manufacturing industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Battery Manufacturing industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Battery Manufacturing industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Battery Manufacturing industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Battery Manufacturing industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Battery Manufacturing industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Battery Manufacturing industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Battery Manufacturing industry in Canada.
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Frequently Asked Questions
What is the market size of the Battery Manufacturing industry in Canada in 2026?
The market size of the Battery Manufacturing industry in Canada is $484.3m in 2026.
How many businesses are there in the Battery Manufacturing industry in Canada in 2025?
There are 97 businesses in the Battery Manufacturing industry in Canada, which has grown at a CAGR of 13.7 % between 2020 and 2025.
How may import tariffs affect the Battery Manufacturing industry in Canada?
The Battery Manufacturing industry in Canada is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Battery Manufacturing industry in Canada?
The Battery Manufacturing industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Battery Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Battery Manufacturing industry in Canada has been growing at a CAGR of 10.3 % between 2020 and 2025.
What is the forecast growth of the Battery Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Battery Manufacturing industry in Canada is expected to grow.
What does the Battery Manufacturing industry in Canada include?
Manufacturing lithium-ion accumulators and Making lithium primary batteries are part of the Battery Manufacturing industry in Canada.
How competitive is the Battery Manufacturing industry in Canada?
The level of competition is high and increasing in the Battery Manufacturing industry in Canada.
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