Product Code: GVR-4-68040-460-6
Battery Leasing & Swapping Market Trends:
The global battery leasing & swapping market size was estimated at USD 2.90 billion in 2023 and expected to grow at a CAGR of 46.9% from 2024 to 2030. The market growth is primarily driven by the increasing demand for efficient and accessible electric vehicle (EV) solutions. As urbanization accelerates and the need for sustainable transportation grows, battery swapping offers a rapid alternative to traditional charging methods, allowing users to exchange depleted batteries for fully charged ones in a matter of minutes. This model significantly reduces the downtime associated with charging, making it particularly appealing for micromobility solutions, such as electric scooters and bikes, which are prevalent in densely populated areas.
Furthermore, the "Battery as a Service" (BaaS) model is gaining traction, as it allows consumers to lease batteries rather than purchase them outright, lowering the initial cost of EVs and promoting wider adoption. Additionally, the expansion of battery swapping infrastructure, especially in regions like Asia, is supported by government initiatives aimed at electrifying transportation. This infrastructure not only facilitates battery management but also helps alleviate pressure on power grids by enabling centralized charging and energy distribution.
Global Battery Leasing & Swapping Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented battery leasing & swapping market report based on vehicle type, service type, application, and region:
- Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)
- 2-Wheeler
- 3-Wheeler
- 4-Wheeler
- Service Type Outlook (Revenue, USD Million, 2018 - 2030)
- Subscription
- Pay-per-use
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Passenger
- Commercial
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- Italy
- Spain
- France
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Projects & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Battery Leasing & Swapping Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospects Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliances
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Business Environment Analysis
- 3.6.1. Industry analysis - porter's five forces analysis
- 3.6.2. Industry analysis - Pestle analysis
Chapter 4. Battery Leasing & Swapping Market: Vehicle Type Estimates & Trend Analysis
- 4.1. Vehicle Type Movement Analysis & Market Share, 2023 & 2030
- 4.2. 2-Wheeler
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. 3-Wheeler
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. 4-Wheeler
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Battery Leasing & Swapping Market: Service Type Estimates & Trend Analysis
- 5.1. Service Type Movement Analysis & Market Share, 2023 & 2030
- 5.2. Subscription
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Pay-per-use
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Battery Leasing & Swapping Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2023 & 2030
- 6.2. Passenger
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3. Commercial
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Battery Leasing & Swapping Market: Regional Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.3.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.3.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.5. U.S.
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.3.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.6. Canada
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.3.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.7. Mexico
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.3.7.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4. Europe
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.1.1. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.1.2. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.4.1.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.2. Germany
- 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.2.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.2.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.4.2.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.3. UK
- 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.3.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.3.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.4.3.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.4. France
- 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.4.4.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.5. Italy
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.4.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.6. Spain
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.4.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.7. Russia
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.7.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.4.7.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5. Asia Pacific
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.5.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.5. China
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.5.5.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.5.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.6. India
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.5.6.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.5.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.7. Japan
- 7.5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.7.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.5.7.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.5.7.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.8. Australia
- 7.5.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.8.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.5.8.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.5.8.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.6. Central & South America
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.6.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.6.5. Brazil
- 7.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.6.5.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.6.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.6.6. Argentina
- 7.6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.6.6.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.6.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.7. Middle East & Africa
- 7.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.7.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.7.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.7.5. Saudi Arabia
- 7.7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.7.5.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.7.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.7.6. South Africa
- 7.7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.7.6.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.7.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.7.7. UAE
- 7.7.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.7.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.7.7.3. Market estimates and forecasts, by Service Type, 2018 - 2030 (USD Million)
- 7.7.7.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Key Players & Recent Developments & Their Impact on the Industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, emerging players)
- 8.3. List of key Service Type Suppliers and Channel Partners
- 8.4. Company Market Share & Position Analysis, 2023
- 8.5. Company Heat Map Analysis
- 8.6. Competitive Dashboard Analysis
- 8.7. Strategy Mapping
- 8.7.1. Expansion
- 8.7.2. Collaboration/ Partnerships/ Agreements
- 8.7.3. New Vehicle Type launches
- 8.7.4. Mergers & Acquisitions
- 8.7.5. Research & Development
- 8.7.6. Others
- 8.8. Company Listing / Profiles
- 8.8.1. NIO Power
- 8.8.2. Gogoro
- 8.8.3. Immotor
- 8.8.4. Aulton
- 8.8.5. Sun Mobility
- 8.8.6. Bounce Infinity
- 8.8.7. E-Charge Up Solutions Private Limited
- 8.8.8. Numocity Technologies Private Limited
- 8.8.9. Ocotillo Power Systems
- 8.8.10. Renault Group