Secondary Battery Recycling Market Report: Trends, Forecast and Competitive Analysis to 2030

Secondary Battery Recycling Trends and Forecast

The future of the global secondary battery recycling market looks promising with opportunities in the automotive and consumer electronic markets. The global secondary battery recycling market is expected to reach an estimated $57 billion by 2030 with a CAGR of 17.8% from 2024 to 2030. The major drivers for this market are increasing adoption of electric vehicles, development of recycling technologies for new battery types, and growing environmental concerns.

A more than 150-page report is developed to help in your business decisions.

Secondary Battery Recycling by Segment

The study includes a forecast for the global secondary battery recycling by battery type, end use, and region.

Secondary Battery Recycling Market by Battery Type [Shipment Analysis by Value from 2018 to 2030]:

• Lead-acid
• Lithium-ion
• Others

Secondary Battery Recycling Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Consumer Electronics
• Others

Secondary Battery Recycling Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Secondary Battery Recycling Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies secondary battery recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the secondary battery recycling companies profiled in this report include-

• Accurec Recycling
• ACE Green Recycling
• American Battery Technology
• Aqua Metals
• Attero Recycling
• Battery Solutions
• Call2Recycle
• Duesenfeld
• East Penn Manufacturing
• Ecobat

Secondary Battery Recycling Market Insights

Lucintel forecasts that lead-acid is expected to witness the higher growth over the forecast period due to its increasing application in various industries, such as automotive, consumer, and energy storage.

Within this market, automotive is expected to witness the higher growth due to rapid adoption of electric vehicles across the globe.

APAC is expected to witness highest growth over the forecast period due to rapid industralization and growing focus on renewable enrgy and energy storage systems in the region.

Features of the Global Secondary Battery Recycling Market

Market Size Estimates: Secondary battery recycling market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Secondary battery recycling market size by battery type, end use, and region in terms of value ($B).

Regional Analysis: Secondary battery recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different battery types, end uses, and regions for the secondary battery recycling market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the secondary battery recycling market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the secondary battery recycling market size?

Answer: The global secondary battery recycling market is expected to reach an estimated $57 billion by 2030.

Q2. What is the growth forecast for secondary battery recycling market?

Answer: The global secondary battery recycling market is expected to grow with a CAGR of 17.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the secondary battery recycling market?

Answer: The major drivers for this market are increasing adoption of electric vehicles, development of recycling technologies for new battery types, and growing environmental concerns.

Q4. What are the major segments for secondary battery recycling market?

Answer: The future of the secondary battery recycling market looks promising with opportunities in the automotive and consumer electronic markets.

Q5. Who are the key secondary battery recycling market companies?

Answer: Some of the key secondary battery recycling companies are as follows.

• Accurec Recycling
• ACE Green Recycling
• American Battery Technology
• Aqua Metals
• Attero Recycling
• Battery Solutions
• Call2Recycle
• Duesenfeld
• East Penn Manufacturing
• Ecobat

Q6. Which secondary battery recycling market segment will be the largest in future?

Answer: Lucintel forecasts that lead-acid is expected to witness the higher growth over the forecast period due to its increasing application in various industries, such as automotive, consumer, and energy storage.

Q7. In secondary battery recycling market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid industralization and growing focus on renewable enrgy and energy storage systems in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the secondary battery recycling market by battery type (lead-acid, lithium-ion, and others), end use (automotive, consumer electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?