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Report Highlights
The global market for electric vehicle battery reuse and recycling is expected to grow from $8.0 billion in 2024 and is projected to reach $28.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 28.5% during the forecast period of 2024 to 2029.
Report Includes
- 48 data tables and 51 additional tables
- An analysis of the global electric vehicle battery reuse and recycling market
- Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecasts for 2025, 2028, and projected CAGRs through 2029
- Estimates of the size and revenue prospects of the global market, along with a market share analysis by battery type, recycling process, EV type, and region
- An evaluation of the market dynamics, technological advances, regulations, prospects, and the impact of macroeconomic variables
- A look at the recent patent grants
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies
- A chapter on competitive intelligence, including companies’ market shares, strategic alliances, M&A activity and a venture funding outlook
- Profiles of the market leaders, including Guangdong Brunp Recycling Technology Co. Ltd., GEM Co. Ltd., Umicore, Glencore, and Li-Cycle Corp.
Report Scope
This report includes an analysis of the different battery types in the global EV battery reuse and recycling market, including lithium-ion batteries (LIBS), nickel-metal hydride batteries (NiMH), and lead-acid batteries (LABs). Different processes are used to recycle EV batteries, including pyrometallurgy, hydrometallurgy, and others (mechanical and direct processes). The report also examines different EV types within the industry, such as BEV (battery electric vehicles), HEV (hybrid electric vehicle), and PHEV (plug-in hybrid electric vehicle). This study also segments the market by source for the global EV battery reuse and recycling market, including passenger cars, commercial vehicles, and two-wheelers and three-wheelers. In our scope, fuel cell electric vehicles (FCEV) are not considered as they are still in the emerging phase, and batteries used in these vehicles may take more than eight years to come to their end-of-life.
Additionally, the report includes emerging technologies and developments, upcoming trends, the competitive landscape, and market dynamics. The analyst has also included a patent analysis for the EV battery reuse and recycling market. The report includes an ESG development chapter and the impact of the Russia-Ukraine war on the market. The report also includes a regional analysis of the markets in North America, Europe, Asia-Pacific, and the Rest of the World (South America, the Middle East, and Africa). It concludes by providing detailed company profiles for the top players in the global market.
In this report, 2023 is considered as the base year, 2024 is the estimate year, and market values are forecasted for five years through 2029.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $6.6 billion | ||||||||||||||||
| Market size forecast | $28.1 billion | ||||||||||||||||
| Growth rate | CAGR of 28.5% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Battery Type, EV Type, Process, Source, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, France, U.K., Norway, China, South Korea, India, Japan, and South America | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increasing sales of electric cars globally.
- Decreasing battery costs are supporting EV adoption globally.
- Increase in demand for recycled materials and products.
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BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global market for electric vehicle battery reuse and recycling is estimated to grow from $1.4 billion in 2021 to $8.4 billion by 2026, at a compound annual growth rate (CAGR) of 43.1% during the forecast period of 2021-2026.
Report Includes
- 79 data tables
- Detailed overview of the global markets for electric vehicle battery reuse and recycling technologies
- Analyses of the global market trends, with historic data from 2019-2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the overall market size in dollar value terms, and corresponding market share analysis by battery type, EV type, end use, and geographic region
- Discussion of industry value chain/supply chain analysis of global electric vehicle battery reuse and recycling market, and assessment of the current competitive scenario
- Country specific data and market value analysis for the U.S., Canada, Mexico, Germany, U.K., France, Netherlands, Norway, Japan, China and India
- Highlights of recent advances made in the market for EV battery reuse and recycling manufacturing, their commercial applications, opportunities and gaps estimating current and future demand; and impact of COVID-19 on the progress of this market
- Identification of the companies best positioned to meet this demand because of their proprietary technologies, strategic alliances or other advantages
- Insight into the recent industry strategies, such as M&A deals, joint ventures, collaborations, and license agreements currently focused on EV battery reuse and recycling technology
- Company profiles of the leading industry players, including Accurec-Recycling GmbH, BMW Group, China Lithium Battery Technology Co., Ltd. (CALB), Nissan Motor, Tesla and Toshiba Corp.
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