Global Battery Manufacturing Equipment Market 2025 – 2034

The CMI Team's most recent market research shows that the global Battery Manufacturing Equipment Market is expected to grow at a CAGR of 27.61% between 2025 and 2034. The market is expected to be worth USD 9.77 billion in 2025. The value is expected to reach USD 90.12 billion by 2034.

An Overview of the Battery Manufacturing Equipment Market

According to experts at CMI, battery manufacturing equipment is any tool or system used to make batteries. The market is becoming more important for a number of reasons, such as the growing sales of electric cars around the world and government programs that make it easier to buy them, like policies, subsidies, and others.

The market for battery manufacturing equipment is also growing because more and more federal agencies and businesses are putting money into it. Also, the world is moving toward green energy, which includes solar, wind, thermal, and other energy storage systems. This is also driving up demand for this equipment. But worries about the environment and problems with regulations make it hard for the industry to grow.

Battery Manufacturing Equipment Market: What Makes It Grow and How It Works

More projects for renewable energy

The energy storage system is very important for renewable energy projects because lithium-ion batteries are commonly used to store energy from renewable sources. These kinds of projects are becoming more common all over the world, and they need more batteries, which is driving investments in manufacturing equipment.

For example, the Department of Energy says that there will be about 560 gigawatts of direct current (GWdc) of photovoltaic (PV) installations in 2024, which is about a third more than in 2023.

More investment

More money being put into the industry by market players is one important reason why it is growing. As of February 2023, Volvo Construction Equipment had put about $7.8 million into making battery packs at the excavator plant.

This facility at the Changwon plant will make a wide range of common battery packs for Volvo Group and become a center of excellence for electric excavators. Volvo Group's plans are expected to provide more long-lasting solutions for the Asia Pacific market.

Disruption in the supply chain

Lithium, cobalt, and nickel are important raw materials for making batteries. If there are problems with the supply chain for these parts, it could take longer to make batteries, which would lower demand for manufacturing equipment.

Trade barriers, political tensions, or dependence on a small number of raw material sources (like cobalt from the Democratic Republic of Congo) can all make the market less stable, which can affect long-term investments in equipment.

Scope of the Report

Details about the Report's Feature

Market Size in 2025: $9.77 Billion

Estimated Market Size in 2034: $90.12 Billion

The market size in 2024 will be $7.87 billion.

CAGR Growth Rate: 27.61% CAGR

Year of Base - 2024

Period of Forecast: 2025–2034

Key Segment: By Type of Machine, Type of Battery, Use, and Area

Report Coverage: Company Profile, Revenue Estimation and Forecast, Competitive Landscape, Growth Factors, and Recent Trends

North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America are all included in the regional scope. Show more