Electric Vehicle Battery Recycling Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The electric vehicle battery recycling is the process of recovering and recycling the valuable metals in electric battery vehicles. The growing adoption of electric vehicles across the globe is one of the major factors driving the growth of the electric vehicle battery recycling market. The goring demand for recycled products is creating lucrative business opportunities for the companies operating in the market to gain a strong customer base and generate more revenues.

MARKET SCOPE

The "Global Electric vehicle battery recycling Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric vehicle battery recycling market with detailed market segmentation by battery type, application, and geography. The report provides key statistics on the market status of the leading electric vehicle battery recycling market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on battery type, the global electric vehicle battery recycling market is segmented into nickel metal hybrid batteries, lithium-ion batteries and li-sulphur batteries.
  
•   On the basis of application, the market is segmented into electric cars, electric buses, energy storage systems and others.
  

MARKET DYNAMICS
Drivers:

•   Finite metal resources and the growing popularity of zero-emission vehicles are the significant factors that are expected to drive the growth of the electric vehicle battery recycling market.
  

Restraints:

•   The high cost of recycling the batteries and is the primary factor that might hinder the growth of the electric vehicle battery recycling market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric vehicle battery recycling market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric vehicle battery recycling market in these regions.

IMPACT OF COVID-19 ON ELECTRIC VEHICLE BATTERY RECYCLING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Electric Vehicle Battery Recycling Market Report Analysis

Electric Vehicle Battery Recycling Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• ACCUREC RECYCLING GMBH
• American Manganese Inc.
• Battery Solutions, LLC
• Fortum
• GlobalTech Environmental
• Interseroh
• LI-CYCLE CORP
• Recupyl
• SITRASA

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Battery Type

• Nickel Metal Hydride Batteries
• Lithium-Ion Batteries
• Li-Sulphur Batteries

By Application

• Electric Cars
• Electric Buses
• Energy Storage Systems

MARKET PLAYERS

The report covers key developments in the electric vehicle battery recycling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric vehicle battery recycling market are anticipated to lucrative growth opportunities in the future with the rising demand for electric vehicle battery recycling in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric vehicle battery recycling market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ACCUREC RECYCLING GMBH
  
•   American Manganese Inc.
  
•   Battery Solutions, LLC
  
•   Fortum
  
•   GlobalTech Environmental
  
•   Interseroh - an ALBA Group Company
  
•   LI-CYCLE CORP
  
•   Recupyl
  
•   SITRASA
  
•   Umicore
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Electric Vehicle Battery Recycling Market Report Scope