Global Secondary Battery Recycling Market 2024-2028
The secondary battery recycling market is forecasted to grow by USD 22,055.41 mn during 2023-2028, accelerating at a CAGR of 19% during the forecast period. The report on the secondary 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 self-sustainability of battery raw materials, low availability and rising prices of primary metal, and rising environmental concerns due to improper disposal of secondary batteries.
Technavio's secondary battery recycling market is segmented as below:
By Battery Type
- Lead-acid
- Lithium-ion
- Others
By End-user
- Automotive
- Consumer electronics
- Others
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 secondary battery recycling market growth during the next few years. Also, rising electric vehicle adoption and declining lithium-ion battery prices will lead to sizable demand in the market.
The report on the secondary battery recycling market covers the following areas:
- Secondary battery recycling market sizing
- Secondary battery recycling market forecast
- Secondary 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 secondary battery recycling market vendors that include Accurec Recycling GmbH, ACE Green Recycling Inc., American Battery Technology Co., Aqua Metals Inc., Attero Recycling Pvt. Lyd., Battery Solutions LLC, Call2Recycle Inc., Duesenfeld GmbH, East Penn Manufacturing Co. Inc., Ecobat LLC, EnerSys, Exide Industries Ltd., Fortum Oyj, Gravita India Ltd., Li Cycle Holdings Corp., Lohum Cleantech Pvt. Ltd., RecycLiCo Battery Materials Inc, Umicore SA, Ziptrax, and LG Energy Solution Ltd.. Also, the secondary 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.