
Electric Vehicles Battery Recycling Market by Battery Type (Lead-Acid Batteries, Lithium-Ion Batteries, Nickel-Metal Hydride Batteries), Process (Hydrometallurgical Recycling, Mechanical Recycling, Pyrometallurgical Recycling), Vehicle Type - Global Forec
Description
Electric Vehicles Battery Recycling Market by Battery Type (Lead-Acid Batteries, Lithium-Ion Batteries, Nickel-Metal Hydride Batteries), Process (Hydrometallurgical Recycling, Mechanical Recycling, Pyrometallurgical Recycling), Vehicle Type - Global Forecast 2024-2030
The Electric Vehicles Battery Recycling Market size was estimated at USD 9.70 billion in 2023 and expected to reach USD 10.63 billion in 2024, at a CAGR 9.86% to reach USD 18.75 billion by 2030.
The electric vehicle (EV) battery recycling market encompasses the processes and associated services of recycling used batteries from electric vehicles. EV battery recycling processes aim to reclaim valuable materials, including lithium, cobalt, nickel, and manganese, that are integral to manufacturing new batteries and other products. The growth of the EV Battery Recycling market is propelled by several factors, including stringent environmental regulations meant to reduce hazardous waste, the escalating demand for electric vehicles, and the depletion of natural resources leading to a shift towards sustainable material sourcing. Moreover, technological advancements in recycling processes and the rising awareness among consumers and manufacturers about the benefits of circular economies serve as significant growth catalysts in the market. However, high initial investments in recycling infrastructure and concerns about the safety and efficacy of recycled materials can impede market growth. Additionally, regulatory complexities across different regions and the lack of standardization in battery designs make recycling processes more challenging and cost-intensive. Moreover, Ongoing innovations that reduce processing costs and enhance recovery rates of valuable materials can create opportunities for market growth. Rising partnerships of players with automotive manufacturers for direct recycling programs can further enhance growth prospects in the market space.
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Table of Contents
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing demand for electric vehicles worldwide
- 5.1.1.2. Technological advancements in EV battery recycling processes
- 5.1.1.3. Stringent environmental regulations to reduce hazardous waste from EV batteries
- 5.1.2. Restraints
- 5.1.2.1. High initial investments in EV battery recycling infrastructure
- 5.1.3. Opportunities
- 5.1.3.1. Reduction in processing costs and enhanced recovery rates of valuable battery raw materials
- 5.1.3.2. Expansion of the recycling infrastructure in emerging economies
- 5.1.4. Challenges
- 5.1.4.1. Regulatory complexities across different regions and the lack of standardization in EV battery designs
- 5.2. Market Segmentation Analysis
- 5.2.1. Battery Type: Exponential improvements in lithium-ion battery recycling activities
- 5.2.2. Process: High recovery rate and economic benefits of mechanical recycling
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Electric Vehicles Battery Recycling Market, by Battery Type
- 6.1. Introduction
- 6.2. Lead-Acid Batteries
- 6.3. Lithium-Ion Batteries
- 6.4. Nickel-Metal Hydride Batteries
- 7. Electric Vehicles Battery Recycling Market, by Process
- 7.1. Introduction
- 7.2. Hydrometallurgical Recycling
- 7.3. Mechanical Recycling
- 7.4. Pyrometallurgical Recycling
- 8. Electric Vehicles Battery Recycling Market, by Vehicle Type
- 8.1. Introduction
- 8.2. Commercial Vehicles
- 8.3. Passenger Vehicles
- 9. Americas Electric Vehicles Battery Recycling Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Electric Vehicles Battery Recycling Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Electric Vehicles Battery Recycling Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Mahindra Last Mile Mobility Limited and Attero Collaborate for Sustainable EV Battery Recycling
- 12.3.2. Lohum to Build UAE’s First EV Battery Recycling Plant
- 12.3.3. Cirba Solutions Helps Toyota Expand Battery Recycling Network to Nationwide Program
- 12.4. Strategy Analysis & Recommendation
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
- FIGURE 1. ELECTRIC VEHICLES BATTERY RECYCLING MARKET RESEARCH PROCESS
- FIGURE 2. ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. ELECTRIC VEHICLES BATTERY RECYCLING MARKET DYNAMICS
- FIGURE 7. GLOBAL ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY BATTERY TYPE, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY BATTERY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY PROCESS, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY PROCESS, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA ELECTRIC VEHICLES BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. ELECTRIC VEHICLES BATTERY RECYCLING MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 22. ELECTRIC VEHICLES BATTERY RECYCLING MARKET, FPNV POSITIONING MATRIX, 2023
Pricing
Currency Rates