Global Battery Recycling Market 2024-2028
The battery recycling market is forecasted to grow by USD 11347.9 mn during 2023-2028, accelerating at a CAGR of 11.53% during the forecast period. The report on the 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, legislation support for battery recycling, and increasing urbanization in emerging markets.
Technavio's battery recycling market is segmented as below:
By Source
- Automotive
- Electronic appliance
- Others
By Battery Type
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the rising stewardship collaboration for battery recycling as one of the prime reasons driving the battery recycling market growth during the next few years. Also, increasing government support for evs and opening of new battery recycling facilities will lead to sizable demand in the market.
The report on the battery recycling market covers the following areas:
- Battery recycling market sizing
- Battery recycling market forecast
- 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 battery recycling market vendors that include Accurec Recycling GmbH, Aqua Metals Inc., Battery Solutions LLC, Call2Recycle Inc., Contemporary Amperex Technology Co. Ltd., East Penn Manufacturing Co. Inc., Ecobat LLC, EnerSys, ENGITEC TECHNOLOGIES SPA, Exide Industries Ltd., Fortum Oyj, GEM Co. Ltd., Gopher Resource LLC, Gravita India Ltd., Li Cycle Holdings Corp., Onto Technology LLC, Raw Materials Co. Inc., SungEel Hi-Tech Co. Ltd., Terrapure Environmental, and Umicore SA. Also, the 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.