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Transportation Battery Recycling Market by Chemistry (Lead-Acid Battery, Lithium-Based Battery, Nickel-Based Battery, Others), by Source (Automotive Batteries, Industrial Batteries, Consumer and Electronic Appliance Batteries): Global Opportunity Analysis and Industry Forecast, 2022-2030

Transportation Battery Recycling Market by Chemistry (Lead-Acid Battery, Lithium-Based Battery,...

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Transportation Battery Recycling Market by Chemistry (Lead-Acid Battery, Lithium-Based Battery, Nickel-Based Battery, Others), by Source (Automotive Batteries, Industrial Batteries, Consumer and Electronic Appliance Batteries): Global Opportunity Analysis and Industry Forecast, 2022-2030
Transportation Battery Recycling Market by...
Report Code
RO14/128/2890

Publish Date
02/Feb/2023

Pages
200
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The global transportation battery recycling market size was US$ 4.7 billion in 2021. The global transportation battery recycling market size is estimated to reach US$ 9.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.2% during the forecast period from 2022 to 2030.
As individuals around the world are becoming more conscious of Electric Vehicles, the recycling of transportation batteries tends to grow in popularity. Electric vehicles are more economical as compared to fuel-powered vehicles as fuel prices are increasing every day. The Chinese government has also made several efforts and introduced various programs to promote electric vehicles.

Factors Affecting Marketing Growth

The increasing popularity of grid-scale energy storage, transportable electronics, and electric vehicles around the world are the major factors driving the growth of the global market.
Owing to the global increase in the cost of fossil fuels, more individuals are selecting hybrid and electric vehicles. This may increase the need for battery recycling services. These factors are expected to drive the growth of the global market.
During the forecast period, inaccurate disassembly, inadequate lithium separation, and inappropriate shredding are factors expected to hinder the growth of the global market.

Impact on COVID-19 Analysis

COVID-19 had a negative impact on the growth of the global market, including the automobile industry. The key end-user of batteries and their recycling process is the automotive sector. Lockdowns were imposed around the world in 2020, and transit and travel limitations lowered the need for vehicles, which also decreased the requirement for battery recycling. Exports and imports were restricted, which stopped the industrial revolution as the chain of raw material suppliers was damaged.

Regional Analysis

Europe is expected to have the highest market share in 2021 and is expected to have the highest market share during the forecast period. The increasing adoption of sustainable activities and the massive existence of electric vehicle plants are anticipated to drive the revenue growth of the global market in the region.

Leading Competitors
The prominent players in the global transportation battery recycling market are:
Umicore
Aqua Metals Inc.
Fortum
EnerSys
Contemporary Amperex Technology Co.
Gopher Resource Limited
ECOBAT Logistics
Battery Solutions
Call2Recycle
GEM Co. Ltd.
Others
Segmentation Analysis
The global transportation battery recycling market segmentation focuses on Chemistry, Source, and Region.
Segmentation on the basis of Chemistry
Nickel-Based Battery
Lead-Acid Battery
Lithium-Based Battery
Others

Segmentation on the basis of Source
Industrial Batteries
Consumer and Electronic Appliance Batteries
Automotive Batteries

Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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