Market Research Report
Electric Vehicle (EV) Battery Housing Market - A Global & Regional Analysis: Focus on Battery Housing Materials, Component, Cell Format, & Application, Supply Chain Analysis, Country Analysis, Impact of COVID-19 Period-Analysis & Forecast, 2019-2025
|Electric Vehicle (EV) Battery Housing Market - A Global & Regional Analysis: Focus on Battery Housing Materials, Component, Cell Format, & Application, Supply Chain Analysis, Country Analysis, Impact of COVID-19 Period-Analysis & Forecast, 2019-2025|
Published: April 11, 2021
BIS Research Inc.
Content info: 148 Pages
Delivery time: 1-2 business days
Electric Vehicle (EV) Battery Housing Market
A Global and Regional Analysis: Focus on Battery Housing Materials, Component, Cell Format, and Application, Supply Chain Analysis, Country Analysis, and Impact of COVID-19 Period - Analysis and Forecast, 2019-2025.
"Global Electric Vehicle (EV) Battery Housing Market Anticipated to Reach $4,478.0 Million by 2025."
SGL Carbon, Novelis Inc., Nemak, S.A.B., de C.V., Constellium SE, Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals, Ltd., POSCO, Norsk Hydro ASA.
The report constitutes an extensive study of the global EV battery housing market. It includes a thorough analysis of different vehicle types as well as different materials used in the EV battery housing systems. The EV battery housing market has further been segmented in terms of cell format, which helps in understanding the material requirements in battery enclosures of different battery packs. It further explains the driving forces, challenges, and growth opportunities of the EV battery housing market. Major players have been identified on the basis of revenue generation pertaining to the EV battery housing market, regional presence, and developments related to battery enclosure systems. A detailed company profiling has been done in order to understand the player's strategic behavior. The global EV battery housing market is further explained and analyzed on the basis of six regions, and namely, North America, Europe, Asia-Pacific and Japan, U.K., China, and Rest-of-the-World. Moreover, the country analysis has also been done in order to have a clear picture of the EV battery housing market. Different countries based on the adoption of the EV technology, battery production, battery enclosure manufacturing, and ongoing developments in the regions by the government as well as the private entities are some of the factors based on which countries growth rate has been calculated.
The global EV battery housing market generated revenue of $873.4 million in 2020 and is expected to reach $4,478.0 million by 2025 at a CAGR of 36.9%. In terms of volume, the total demand for EV battery housing material in 2020 was 279.7 kilotons which is expected to increase to 1,167.3 kilotons in 2025, growing at a CAGR of 31.5% during the forecast period. Growing penetration of EVs across the globe, increasing EV range, and battery capacity coupled with demand for robust vehicle design is benefitting the market growth.
In the recent past, partnership and new product launches have been the major recent activities in this industry. The growth in demand for advanced and light battery enclosure systems has made its providers focus on differentiated products, mainly based on aluminum and composite materials.