The global electric vehicle (EV) battery housing market size reached US$ 1.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 8.41 Billion by 2028, exhibiting a growth rate (CAGR) of 34.35% during 2023-2028. The rising demand for electric vehicles (EVs), the implementation of favorable government policies, and the incorporation of lightweight materials represent some of the key factors driving the market.
Electric vehicle (EV) battery housing refers to a protective enclosure used for storing the battery pack in an EV. It is manufactured using several lightweight and highly durable materials, such as aluminum, steel, plastics, and various composites, such as glass and carbon fiber reinforced polymers. EV battery housing is widely used in electric cars, trucks, vans, buses, motorcycles, scooters, and three-wheelers. It offers excellent thermal conductivity, a high strength-to-weight ratio, better insulation properties, and resistance against collision, corrosion, and extreme temperatures. EV battery housing also ensures optimum protection of the battery pack, prevents damages from overheating, prolongs equipment service life, and reduces the risk of potential hazards, such as fire, explosion, and chemical leaks. It also aids in enhancing vehicle performance, extending range, improving the driving experience, and increasing energy efficiency.
Electric vehicle (EV) battery housing refers to a protective enclosure used for storing the battery pack in an EV. It is manufactured using several lightweight and highly durable materials, such as aluminum, steel, plastics, and various composites, such as glass and carbon fiber reinforced polymers. EV battery housing is widely used in electric cars, trucks, vans, buses, motorcycles, scooters, and three-wheelers. It offers excellent thermal conductivity, a high strength-to-weight ratio, better insulation properties, and resistance against collision, corrosion, and extreme temperatures. EV battery housing also ensures optimum protection of the battery pack, prevents damages from overheating, prolongs equipment service life, and reduces the risk of potential hazards, such as fire, explosion, and chemical leaks. It also aids in enhancing vehicle performance, extending range, improving the driving experience, and increasing energy efficiency.
Electric Vehicle (EV) Battery Housing Market Trends:
The rising adoption of EVs due to growing environmental concerns and increasing pollution levels is one of the key factors driving the market growth. EV battery housing is widely used in electric two-wheelers, three-wheelers, passenger cars, and commercial vehicles to ensure safe and reliable battery operation, minimize accidental damages, and prevent hazardous incidences. Furthermore, the implementation of favorable policies by several governments to promote the adoption of EVs to reduce dependency on fossil fuel, minimize carbon footprint, and curb air pollution is providing an impetus to the market growth. Apart from this, the growing product demand due to the easy accessibility of battery packs and the steady decline in battery costs is favoring the market growth. Additionally, the incorporation of lightweight materials, such as carbon fiber, magnesium, and aluminum, which aid in reducing vehicle weight, improving efficiency, and extending range, is positively influencing the market growth. Besides this, the recent development of multi-material EV battery housing, which offers better thermal management, improved safety, and high-impact resistance, is acting as another growth-inducing factor. Moreover, the rapid expansion of charging infrastructures, which allow users to charge their EVs on the go and conveniently swap batteries at the charging stations, is supporting the market growth. Other factors, including increasing investments in battery manufacturing, extensive research and development (R&D) activities, the rising focus on vehicle safety, and the growing consumer awareness regarding the benefits of EVs, are anticipated to drive the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global electric vehicle (EV) battery housing market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on cell format type, material, and vehicle type.Cell Format Type Insights:
- Pouch Cell
- Cylindrical Cell
- Prismatic Cell
Material Insights:
- Steel
- Aluminum
- Glass Fiber Reinforced Plastic
- Carbon Fiber Reinforced Plastic
Vehicle Type Insights:
- Passenger Cars
- Commercial Vehicles
- Two Wheelers and Three Wheelers
Regional Insights:
North America
- United States
- Canada
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global electric vehicle (EV) battery housing market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Constellium SE, Gestamp Automoción, S.A., GF Casting Solutions, Minth Group Ltd., Nemak S.A.B. de C.V., Norsk Hydro ASA, Novelis Inc. (Hindalco Industries Limited), Proterial, Ltd., Teijin Automotive Technologies, thyssenkrupp AG, TRB Lightweight, UACJ Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global electric vehicle (EV) battery housing market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global electric vehicle (EV) battery housing market?
- What is the impact of each driver, restraint, and opportunity on the global electric vehicle (EV) battery housing market?
- What are the key regional markets?
- Which countries represent the most attractive electric vehicle (EV) battery housing market?
- What is the breakup of the market based on the cell format type?
- Which is the most attractive cell format type in the electric vehicle (EV) battery housing market?
- What is the breakup of the market based on the material?
- Which is the most attractive material in the electric vehicle (EV) battery housing market?
- What is the breakup of the market based on vehicle type?
- Which is the most attractive vehicle type in the electric vehicle (EV) battery housing market?
- What is the competitive structure of the global electric vehicle (EV) battery housing market?
- Who are the key players/companies in the global electric vehicle (EV) battery housing market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Electric Vehicle (EV) Battery Housing Market
6 Market Breakup by Cell Format Type
7 Market Breakup by Material
8 Market Breakup by Vehicle Type
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Constellium SE
- Gestamp Automoción
- S.A.
- GF Casting Solutions
- Minth Group Ltd.
- Nemak S.A.B. de C.V.
- Norsk Hydro ASA
- Novelis Inc. (Hindalco Industries Limited)
- Proterial Ltd.
- Teijin Automotive Technologies
- thyssenkrupp AG
- TRB Lightweight
- UACJ Corporation
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1.4 Billion |
| Forecasted Market Value ( USD | $ 8.41 Billion |
| Compound Annual Growth Rate | 34.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
