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EV Battery Rental and Swapping Market Size, Share, and Analysis, By Battery Type (Lithium-ion, Nickel Metal Hybrid, and Others), By Service Type (EV Battery Rental, EV Battery Swapping), By Application (Electric Vehicle, Hybrid Electric Vehicle, Plug-In H

Publisher Fatpos Global
Published Feb 01, 2025
Length 533 Pages
SKU # FAGL19863374

Description

EV Battery Rental and Swapping Market Size, Share, and Analysis, By Battery Type (Lithium-ion, Nickel Metal Hybrid, and Others), By Service Type (EV Battery Rental, EV Battery Swapping), By Application (Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), By Vehicle Type (Two-wheelers, Three-wheelers, Four-wheelers, and Commercial Vehicles), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

EV Battery Rental and Swapping Market, valued at USD 193.4 million in 2023, is projected to grow at a remarkable CAGR of 24.9% over the forecast period from 2024 to 2034, reaching a market size of USD 2235.2 million by the end of 2034.

Battery Rental and Swapping offer innovative solutions tailored to the needs of electric vehicle (EV) users. Battery rental allows drivers to lease batteries for their EVs, reducing the initial purchase cost and offering flexibility for those who prefer not to own the battery. Battery swapping, on the other hand, involves exchanging a depleted battery for a fully charged one at designated stations, significantly reducing downtime compared to traditional charging methods. This system is particularly beneficial for fleets and ride-hailing services, where quick turnaround times are essential. Both models aim to make EV ownership more convenient, extend battery lifespan, and alleviate range anxiety, thereby encouraging broader adoption of electric vehicles across various segments, including two-wheelers, three-wheelers, and industrial vehicles.

MARKET HIGHLIGHTS

EV Battery Rental and Swapping Market is expected to reach USD 2235.2 million, with a growth rate of 24.9% over the forecast period The market's growth is driven by several factors, including the increasing popularity of electric vehicles, cost savings from rental models, and the quick turnaround offered by swapping stations, which helps alleviate range anxiety. Technological advancements in battery design and swapping technology further enhance performance and convenience, while government support and incentives are playing a crucial role in accelerating market growth. Future trends suggest continued expansion as battery technology improves, infrastructure develops, and acceptance grows in developing economies, aligning with global trends toward sustainability and innovation in transportation.

EV Battery Rental and Swapping Market Segments:
  • By Battery Type
  • Lithium-ion
  • Nickel Metal Hybrid
  • Others
  • By Service Type
  • EV Battery Rental
  • EV Battery Swapping
  • By Application
  • Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-In Hybrid Electric Vehicle
  • By Vehicle Type
  • Two-wheelers
  • Three-wheelers
  • Four-wheelers
  • Commercial Vehicles
MARKET DYNAMICS

Growth Drivers

Cost-Effectiveness of Battery Rental and Swapping Has Been a Prominent Growth Driver

Supportive Government Policies and Initiatives Can Accelerate Market Growth

Restraint

Battery Standardization Issues Can Complicate Battery Swapping

Key Players
  • Gogoro Inc.
  • NIO Inc.
  • Ample Inc.
  • Aulton Ltd.
  • E-Trio Automobiles Pvt Ltd
  • Swapfiets
  • Greenway Grid Global
  • Sun Mobility
  • SemaConnect Inc.
  • EVgo Inc.
  • Maxim Integrated
  • Nuvve Corporation
  • BYD Company Ltd
  • ChargePoint Inc.
  • Tesla Inc.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 2-3 business days upon order confirmation*

Table of Contents

533 Pages
1. Executive Summary
1.1. Regional Market Share
1.2. Business Trends
1.3. EV Battery Rental and Swapping Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2. EV Battery Rental and Swapping Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. EV Battery Rental and Swapping Market – Industry Insights
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10. EV Battery Rental and Swapping Market
10.1. Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. EV Battery Rental and Swapping Market Size & Forecast 2024 A-2034 F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Battery Type
11.3.1.1. Lithium-ion
11.3.1.1.1. By Value (USD Million) 2024-2034 F
11.3.1.1.2. Market Share (%) 2024-2034 F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034 F
11.3.1.2. Nickel Metal Hybrid
11.3.1.2.1. By Value (USD Million) 2024-2034 F
11.3.1.2.2. Market Share (%) 2024-2034 F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.1.3. Others
11.3.1.3.1. By Value (USD Million) 2024-2034 F
11.3.1.3.2. Market Share (%) 2024-2034 F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034 F
11.3.2. By Service Type
11.3.2.1. EV Battery Rental
11.3.2.1.1. By Value (USD Million) 2024-2034 F
11.3.2.1.2. Market Share (%) 2024-2034 F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034 F
11.3.2.2. EV Battery Swapping
11.3.2.2.1. By Value (USD Million) 2024-2034 F
11.3.2.2.2. Market Share (%) 2024-2034 F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.3. By Application
11.3.3.1. Electric Vehicle
11.3.3.1.1. By Value (USD Million) 2024-2034 F
11.3.3.1.2. Market Share (%) 2024-2034 F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034 F
11.3.3.2. Hybrid Electric Vehicle
11.3.3.2.1. By Value (USD Million) 2024-2034 F
11.3.3.2.2. Market Share (%) 2024-2034 F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.3.3. Plug-in Hybrid Electric Vehicle
11.3.3.3.1. By Value (USD Million) 2024-2034 F
11.3.3.3.2. Market Share (%) 2024-2034 F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4. By Vehicle Type
11.3.4.1. Two-wheelers
11.3.4.1.1. By Value (USD Million) 2024-2034 F
11.3.4.1.2. Market Share (%) 2024-2034 F
11.3.4.1.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.2. Three-wheelers
11.3.4.2.1. By Value (USD Million) 2024-2034 F
11.3.4.2.2. Market Share (%) 2024-2034 F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.3. Four-wheelers
11.3.4.3.1. By Value (USD Million) 2024-2034 F
11.3.4.3.2. Market Share (%) 2024-2034 F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.4. Commercial Vehicles
11.3.4.4.1. By Value (USD Million) 2024-2034 F
11.3.4.4.2. Market Share (%) 2024-2034 F
11.3.4.4.3. Y-o-Y Growth (%) 2024-2034 F
12. North America EV Battery Rental and Swapping Market Size & Forecast 2024 A-2034 F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Battery Type
12.3.2. By Service Type
12.3.3. By Application
12.3.4. By Vehicle Type
12.4. Country
12.4.1. United States
12.4.2. Canada
13. Europe EV Battery Rental and Swapping Market Size & Forecast 2024 A-2034 F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Battery Type
13.3.2. By Service Type
13.3.3. By Application
13.3.4. By Vehicle Type
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific EV Battery Rental and Swapping Market Size & Forecast 2024 A-2034 F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Battery Type
14.3.2. By Service Type
14.3.3. By Application
14.3.4. By Vehicle Type
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa EV Battery Rental and Swapping Market Size & Forecast 2024 A-2034 F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Battery Type
15.3.2. By Service Type
15.3.3. By Application
15.3.4. By Vehicle Type
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America EV Battery Rental and Swapping Market Size & Forecast 2024 A-2034 F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Battery Type
16.3.2. By Service Type
16.3.3. By Application
16.3.4. By Vehicle Type
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Gogoro Inc.
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. NIO Inc.
18.3. Ample Inc.
18.4. Aulton Ltd.
18.5. E-Trio Automobiles Pvt Ltd
18.6. Swapfiets
18.7. Greenway Grid Global
18.8. Sun Mobility
18.9. SemaConnect Inc.
18.10. EVgo Inc.
18.11. Maxim Integrated
18.12. Nuvve Corporation
18.13. BYD Company Ltd
18.14. ChargePoint Inc.
18.15. Tesla Inc.
18.16. Other Prominent Players
19. Appendix
20. Consultant Recommendation

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