Global Secondary Battery Recycling Market 2024-2028

The secondary battery recycling market is forecasted to grow by USD 22,055.41 mn during 2023-2028, accelerating at a CAGR of 19% during the forecast period. The report on the secondary battery recycling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by self-sustainability of battery raw materials, low availability and rising prices of primary metal, and rising environmental concerns due to improper disposal of secondary batteries.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	18.23%
CAGR	19%
Incremental Value	$22055.41mn

Technavio's secondary battery recycling market is segmented as below:

By Battery Type

Lead-acid
Lithium-ion
Others

By End-user

Automotive
Consumer electronics
Others

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the rising stewardship collaboration for battery recycling as one of the prime reasons driving the secondary battery recycling market growth during the next few years. Also, rising electric vehicle adoption and declining lithium-ion battery prices will lead to sizable demand in the market.

The report on the secondary battery recycling market covers the following areas:

Secondary battery recycling market sizing
Secondary battery recycling market forecast
Secondary battery recycling market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading secondary battery recycling market vendors that include Accurec Recycling GmbH, ACE Green Recycling Inc., American Battery Technology Co., Aqua Metals Inc., Attero Recycling Pvt. Lyd., Battery Solutions LLC, Call2Recycle Inc., Duesenfeld GmbH, East Penn Manufacturing Co. Inc., Ecobat LLC, EnerSys, Exide Industries Ltd., Fortum Oyj, Gravita India Ltd., Li Cycle Holdings Corp., Lohum Cleantech Pvt. Ltd., RecycLiCo Battery Materials Inc, Umicore SA, Ziptrax, and LG Energy Solution Ltd.. Also, the secondary battery recycling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR45248

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Battery Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global secondary battery recycling market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global secondary battery recycling market 2018 - 2022 ($ million)
4.2 Battery Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Battery Type Segment 2018 - 2022 ($ million)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Battery Type

6.1 Market segments
Exhibit 30: Chart on Battery Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Battery Type - Market share 2023-2028 (%)
6.2 Comparison by Battery Type
Exhibit 32: Chart on Comparison by Battery Type
Exhibit 33: Data Table on Comparison by Battery Type
6.3 Lead-acid - Market size and forecast 2023-2028
Exhibit 34: Chart on Lead-acid - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Lead-acid - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Lead-acid - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Lead-acid - Year-over-year growth 2023-2028 (%)
6.4 Lithium-ion - Market size and forecast 2023-2028
Exhibit 38: Chart on Lithium-ion - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Lithium-ion - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Lithium-ion - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Lithium-ion - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
Exhibit 42: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Battery Type
Exhibit 46: Market opportunity by Battery Type ($ million)
Exhibit 47: Data Table on Market opportunity by Battery Type ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 50: Chart on Comparison by End-user
Exhibit 51: Data Table on Comparison by End-user
7.3 Automotive - Market size and forecast 2023-2028
Exhibit 52: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
7.4 Consumer electronics - Market size and forecast 2023-2028
Exhibit 56: Chart on Consumer electronics - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Consumer electronics - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Consumer electronics - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Consumer electronics - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 64: Market opportunity by End-user ($ million)
Exhibit 65: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ million)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Accurec Recycling GmbH
Exhibit 119: Accurec Recycling GmbH - Overview
Exhibit 120: Accurec Recycling GmbH - Product / Service
Exhibit 121: Accurec Recycling GmbH - Key offerings
12.4 American Battery Technology Co.
Exhibit 122: American Battery Technology Co. - Overview
Exhibit 123: American Battery Technology Co. - Product / Service
Exhibit 124: American Battery Technology Co. - Key offerings
12.5 Aqua Metals Inc.
Exhibit 125: Aqua Metals Inc. - Overview
Exhibit 126: Aqua Metals Inc. - Product / Service
Exhibit 127: Aqua Metals Inc. - Key offerings
12.6 Battery Solutions LLC
Exhibit 128: Battery Solutions LLC - Overview
Exhibit 129: Battery Solutions LLC - Product / Service
Exhibit 130: Battery Solutions LLC - Key offerings
12.7 Call2Recycle Inc.
Exhibit 131: Call2Recycle Inc. - Overview
Exhibit 132: Call2Recycle Inc. - Product / Service
Exhibit 133: Call2Recycle Inc. - Key offerings
12.8 East Penn Manufacturing Co. Inc.
Exhibit 134: East Penn Manufacturing Co. Inc. - Overview
Exhibit 135: East Penn Manufacturing Co. Inc. - Product / Service
Exhibit 136: East Penn Manufacturing Co. Inc. - Key news
Exhibit 137: East Penn Manufacturing Co. Inc. - Key offerings
12.9 Ecobat LLC
Exhibit 138: Ecobat LLC - Overview
Exhibit 139: Ecobat LLC - Product / Service
Exhibit 140: Ecobat LLC - Key offerings
12.10 EnerSys
Exhibit 141: EnerSys - Overview
Exhibit 142: EnerSys - Business segments
Exhibit 143: EnerSys - Key offerings
Exhibit 144: EnerSys - Segment focus
12.11 Exide Industries Ltd.
Exhibit 145: Exide Industries Ltd. - Overview
Exhibit 146: Exide Industries Ltd. - Product / Service
Exhibit 147: Exide Industries Ltd. - Key offerings
12.12 Fortum Oyj
Exhibit 148: Fortum Oyj - Overview
Exhibit 149: Fortum Oyj - Business segments
Exhibit 150: Fortum Oyj - Key offerings
Exhibit 151: Fortum Oyj - Segment focus
12.13 Gravita India Ltd.
Exhibit 152: Gravita India Ltd. - Overview
Exhibit 153: Gravita India Ltd. - Business segments
Exhibit 154: Gravita India Ltd. - Key offerings
Exhibit 155: Gravita India Ltd. - Segment focus
12.14 LG Energy Solution Ltd.
Exhibit 156: LG Energy Solution Ltd. - Overview
Exhibit 157: LG Energy Solution Ltd. - Product / Service
Exhibit 158: LG Energy Solution Ltd. - Key offerings
12.15 Li Cycle Holdings Corp.
Exhibit 159: Li Cycle Holdings Corp. - Overview
Exhibit 160: Li Cycle Holdings Corp. - Product / Service
Exhibit 161: Li Cycle Holdings Corp. - Key offerings
12.16 RecycLiCo Battery Materials Inc
Exhibit 162: RecycLiCo Battery Materials Inc - Overview
Exhibit 163: RecycLiCo Battery Materials Inc - Product / Service
Exhibit 164: RecycLiCo Battery Materials Inc - Key offerings
12.17 Umicore SA
Exhibit 165: Umicore SA - Overview
Exhibit 166: Umicore SA - Business segments
Exhibit 167: Umicore SA - Key news
Exhibit 168: Umicore SA - Key offerings
Exhibit 169: Umicore SA - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 170: Inclusions checklist
Exhibit 171: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 172: Currency conversion rates for US$
13.4 Research methodology
Exhibit 173: Research methodology
Exhibit 174: Validation techniques employed for market sizing
Exhibit 175: Information sources
13.5 List of abbreviations
Exhibit 176: List of abbreviations