Product Code: KSI061617303
The EV battery recycling market is set to witness robust growth at a CAGR of 15.30% during the forecast period to be worth US$23.393 billion in 2030 from US$11.482 billion in 2025.
The electric vehicle (EV) battery recycling market is experiencing growth driven by several factors, including the rising adoption of EVs, government regulations and incentives, and geographical expansion. As the demand for EVs increases, so does the need for effective battery recycling solutions.
Key Drivers of Market Growth:
- Increase in EV Sales: The growing popularity of electric vehicles is a major driver of battery recycling efforts. The International Energy Agency (IEA) projects a substantial increase in EV production, from 30 million units in 2022 to 240 million units in 2030. This surge in EV adoption necessitates robust end-of-life battery management and recycling. By 2030, EVs are expected to represent a significant portion of road vehicle usage, with sales potentially reaching 20 million in 2025 and 40 million in 2030.
- Government Regulations and Incentives: Government support, particularly in regions like North America and Europe, plays a crucial role in promoting the EV battery recycling industry. Policies such as the EU Battery Regulation emphasize waste reduction and Extended Producer Responsibility (EPR). EPR mandates that manufacturers develop comprehensive battery life cycle solutions, including collection and recycling programs. Government funding and regulations create a favorable environment for profitable recycling operations.
Geographical Outlook:
- North America: The EV battery recycling market in North America is poised for rapid expansion, fueled by investments in new recycling technologies and supportive government policies. Initiatives such as the Bipartisan Infrastructure Law in the United States are allocating significant funds to improve battery and EV component recycling.
- South America: Growing sustainability concerns, technological advancements, and investments in recycling techniques are contributing to the growth of the EV battery recycling industry in South America.
- Europe: Europe holds a dominant position in EV battery recycling, driven by stringent environmental laws and strong recycling standards. EU regulations mandate high recycling standards for all battery types, fostering successful recycling operations.
- Middle East and Africa: The Middle East and Africa represent an emerging market for EV battery recycling, driven by increasing EV sales and the need for improved waste battery management systems.
- Asia-Pacific: The Asia-Pacific region is a leader in EV battery recycling due to substantial investments in advanced recycling technologies and increasing EV adoption. Concerns about metal scarcity further contribute to market growth in this region
Reasons for buying this report:-
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
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- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
EV Battery Recycling Market is analyzed into the following segments:
By Battery Type
- Lead-Acid Batteries
- Flooded Lead-Acid Batteries
- Valve-Regulated Lead-Acid (VRLA) Batteries
- Lithium-Based Batteries
- Lithium-Ion Batteries
- Lithium Polymer Batteries
- Lithium Iron Phosphate (LiFePO4) Batteries
- Others
By Recycling Process
- Pyrometallurgical
- Hydrometallurgical
- Others
- Mechanical
- Others
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Australia
- Others
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. Market Overview
- 1.2. Market Definition
- 1.3. Scope of the Study
- 1.4. Market Segmentation
- 1.5. Currency
- 1.6. Assumptions
- 1.7. Base and Forecast Years Timeline
- 1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
- 2.1. Research Design
- 2.2. Research Process
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1. Market Drivers
- 4.2. Market Restraints
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers
- 4.3.2. Bargaining Power of Buyers
- 4.3.3. Threat of New Entrants
- 4.3.4. Threat of Substitutes
- 4.3.5. Competitive Rivalry in the Industry
- 4.4. Industry Value Chain Analysis
- 4.5. Analyst View
5. EV BATTERY RECYCLING MARKET BY BATTERY TYPE
- 5.1. Introduction
- 5.2. Lead-Acid Batteries
- 5.2.1. Flooded Lead-Acid Batteries
- 5.2.2. Valve-Regulated Lead-Acid (VRLA) Batteries
- 5.3. Lithium-Based Batteries
- 5.3.1. Lithium-Ion Batteries
- 5.3.2. Lithium Polymer Batteries
- 5.3.3. Lithium Iron Phosphate (LiFePO4) Batteries
- 5.4. Others
6. EV BATTERY RECYCLING MARKET BY RECYCLING PROCESS
- 6.1. Introduction
- 6.2. Pyrometallurgical
- 6.3. Hydrometallurgical
- 6.4. Others
- 6.4.1. Mechanical
- 6.4.2. Others
7. EV BATTERY RECYCLING MARKET BY VEHICLE TYPE
- 7.1. Introduction
- 7.2. Passenger Vehicles
- 7.3. Commercial Vehicles
8. EV BATTERY RECYCLING MARKET BY GEOGRAPHY
- 8.1. Introduction
- 8.2. North America
- 8.2.1. By Battery Type
- 8.2.2. By Recycling Process
- 8.2.3. By Vehicle Type
- 8.2.4. By Country
- 8.2.4.1. USA
- 8.2.4.2. Canada
- 8.2.4.3. Mexico
- 8.3. South America
- 8.3.1. By Battery Type
- 8.3.2. By Recycling Process
- 8.3.3. By Vehicle Type
- 8.3.4. By Country
- 8.3.4.1. Brazil
- 8.3.4.2. Argentina
- 8.3.4.3. Others
- 8.4. Europe
- 8.4.1. By Battery Type
- 8.4.2. By Recycling Process
- 8.4.3. By Vehicle Type
- 8.4.4. By Country
- 8.4.4.1. United Kingdom
- 8.4.4.2. Germany
- 8.4.4.3. France
- 8.4.4.4. Spain
- 8.4.4.5. Others
- 8.5. Middle East and Africa
- 8.5.1. By Battery Type
- 8.5.2. By Recycling Process
- 8.5.3. By Vehicle Type
- 8.5.4. By Country
- 8.5.4.1. Saudi Arabia
- 8.5.4.2. UAE
- 8.5.4.3. Others
- 8.6. Asia Pacific
- 8.6.1. By Battery Type
- 8.6.2. By Recycling Process
- 8.6.3. By Vehicle Type
- 8.6.4. By Country
- 8.6.4.1. China
- 8.6.4.2. Japan
- 8.6.4.3. India
- 8.6.4.4. South Korea
- 8.6.4.5. Taiwan
- 8.6.4.6. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 9.1. Major Players and Strategy Analysis
- 9.2. Market Share Analysis
- 9.3. Mergers, Acquisitions, Agreements, and Collaborations
- 9.4. Competitive Dashboard
10. COMPANY PROFILES
- 10.1. Umicore
- 10.2. Bosch
- 10.3. ACCUREC-Recycling GmbH
- 10.4. Li-Cycle Corp.
- 10.5. Neometals Ltd
- 10.6. Gopher Resource
- 10.7. Terrapure BR Ltd.
- 10.8. Ecobat Logistics
- 10.9. Call2Recycle
- 10.10. Exide Technologies