Global Automotive Battery Recycling Market 2024-2028
Global Automotive Battery Recycling Market 2024-2028
The automotive battery recycling market is forecasted to grow by USD 7954.5 bn during 2023-2028, accelerating at a CAGR of 9.24% during the forecast period. The report on the automotive battery recycling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by widening lithium supply demand gap, rising awareness about environmental impact, and technological advancements in automotive recycling processes.
Technavio's automotive battery recycling market is segmented as below:
By Battery Type
- Lead acid batteries
- Lithium-ion batteries
- Nickel-Metal Hydride (NiMH) batteries
- Others
By Vehicle Type
- Passenger cars
- Commercial vehicles
- Electic vehicles (EV)
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing demand for electric vehicles as one of the prime reasons driving the automotive battery recycling market growth during the next few years. Also, impositions of eco-friendly government regulations and opening of new battery recycling facilities will lead to sizable demand in the market.
The report on the automotive battery recycling market covers the following areas:
- Automotive battery recycling market sizing
- Automotive battery recycling market forecast
- Automotive battery recycling market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive battery recycling market vendors that include Accurec Recycling GmbH, Call2Recycle Inc., Contemporary Amperex Technology Co. Ltd., Duesenfeld GmbH, East Penn Manufacturing Co. Inc., Ecobat LLC, ENGITEC TECHNOLOGIES SPA, Exide Industries Ltd., Fortum Oyj, Glencore Plc, Li Cycle Holdings Corp., Redwood Materials Inc., SK Inc., SNAM Groupe, SungEel Hi Tech Co. Ltd., and Umicore SA. Also, the automotive battery recycling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.