Electric Vehicle (EV) Battery Housing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Electric Vehicle (EV) Battery Housing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Electric Vehicle (EV) Battery Housing Market

The global electric vehicle (EV) battery housing market size was valued at USD 11.79 billion in 2023 and is projected to grow from USD 15.15 billion in 2024 to USD 32.25 billion by 2032, exhibiting a CAGR of 9.9% during the forecast period of 2024-2032.

Pandemic also had a negative impact on EV Battery Housing market such as the collapse of delivery chain, deduction of EV demand, and policies. However, it additionally improved trends within the direction of resilience, sustainability, and technological innovation, hindering the ascent of Electric Vehicle (EV) Battery Housing market growth.

The Electric Vehicle (EV) Battery Housing marketplace is frequently pushed by growing EV calls for, technological advancements, supportive government policies, environmental worries, declining battery charges, infrastructure development, and funding collaboration. In combination, these aspects help to usher in the boom of the marketplace by creating a market for EV battery housings and promoting the notion to buy such sustainable transport solutions.

The EV battery housing marketplace is booming because of rapid boom predictions, cloth innovation, protection upgrades, and a focus on sustainability. Passenger motors currently dominate call for, but business vehicles are predicted to comply with suit. Overall, the marketplace is dynamic and poised for extensive enlargement.s

Comprehensive Analysis of Electric Vehicle (EV) Battery Housing Market

According to vehicle type and material criterion the market of the Electric Vehicle (EV) Battery Housing is categorized. In terms of car kind, it incorporates passenger motors and business cars. The passenger automobile phase dominates the marketplace because of increasing manufacturing via OEMs, boosted further by using strategic actions like BYD Co. Ltd.'s agreement to construct an EV manufacturing plant in Southeast Asia. Government incentives additionally drive growth in this section. The industrial car section follows, growing via research, development, and progressive launches including VinFast Auto's VF Wild idea pickup truck. Material-smart, the marketplace is split into metal, aluminum, and others. Aluminum leads due to its light-weight nature, contributing to enhanced car range and energy efficiency. Steel, however, gains traction for its electricity, recyclability, and value-effectiveness, aligning with sustainability goals inside the EV enterprise.

The Asia Pacific region led the Electric Vehicle (EV) Battery Housing market by benefitting a size of USD 6.05 billion in 2023 due to the sturdy car industry in emerging economies consisting of China, India, Japan, and other international locations, the APAC location reviews full-size boom.

The Electric Vehicle (EV) Battery Housing Market is significantly influenced by key players who shape its growth trajectory and establish industry standards. These prominent companies, including DuPont (U.S.), BASF SE (Germany), Lanxess AG (Germany), Nylon Corporation of America, Inc. (U.S.), Shenma Industrial Co., Ltd. (China), Ascend (U.S.), Domo Chemicals (Germany), Radici Partecipazioni SpA (Italy), Invista (U.S.), and DSM (Netherlands), contribute to a competitive landscape, driving innovation and market advancement. Other influential entities with headquarters in various regions include SGL Carbon (Germany), Nemak, S.A.B. de C.V. (Mexico), Novelis Inc. (U.S.), Gestamp Automocion, S.A. (Spain), Constellium SE (France), Hanwha Solutions Advanced Materials (South Korea), UACJ Corporation (Japan), GF Linamar LLC (U.S.), ThyssenKrupp AG (Germany), Minth Group (China), Magna International Inc. (Canada), TRB Lightweight (U.K.), Hitachi Metals, Ltd. (Japan), Norsk Hydro ASA (Norway), Kautex Textron GmbH & Co. KG (Germany), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Teijin Limited (Japan), LANXESS (Germany), Evonik Industries AG (Germany), and Covestro AG (Germany).

In June 2023, the next investment steps will probably include establishing two supplier centers at the Stanton-based Blue Oval City dealer network compound, and another manufacturing plant – a stamping and assembly complex – at Lawrenceburg. Within those centers, Magna will grant Ford’s BlueOval City with battery enclosures, truck frames, and seats for the automaker’s subsequent-era electric-powered truck. The Magna centers on the BlueOval City provider park incorporate an 800,000-square-foot structure devoted to border and battery enclosures, alongside a a hundred forty,000-rectangular-foot facility specializing in seating production.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 9.9% from 2024 to 2032

Unit Value (USD Billion)

Segmentation

By Vehicle Type

Passenger Car

Commercial Vehicle

By Material

Steel

Aluminium

Others (Carbon Fibre & Carbon Glass)

By Region

North America (By Vehicle Type and Material)

- U.S.(By Vehicle Type)

- Canada (By Vehicle Type)

- Mexico (By Vehicle Type)

Europe (By Vehicle Type and Material)

- U.K. (By Vehicle Type)

- Germany (By Vehicle Type)

- France (By Vehicle Type)

- Rest of Europe (By Vehicle Type)

Asia Pacific (By Vehicle Type and Material)

- China (By Vehicle Type)

- India (By Vehicle Type)

- Japan (By Vehicle Type)

- Rest of Asia Pacific (By Vehicle Type)

Rest of the World (By Vehicle Type and Material)


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