The Global Electric Vehicle (EV) Battery Housing Market to Reach $13.54 Billion by 2032 at a CAGR of 13.14% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Electric Vehicle (EV) Battery Housing Market - A Global and Regional Analysis: Focus on Battery Housing Vehicle Type, Cell Format, Battery Chemistry, Material, Component, and Country Analysis - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.

The report projects the global electric vehicle battery housing market to reach $13.54 billion by 2032, growing at a CAGR of 13.14% during the forecast period 2023-2032.

Introduction of Electric Vehicle Battery Housing

Electric vehicle battery housing is a critical structural component that safeguards and cools the battery pack, protecting the vehicle and occupants in case of battery failure. It plays a crucial role in thermal management, improving battery performance and lifespan. Made of materials like aluminum, steel, and plastic, the housing must be lightweight, strong, and capable of efficient heat dissipation, ensuring overall safety.

Market Introduction

The electric vehicle battery housing market is rapidly expanding due to the surging demand for electric vehicles. Key players like ThyssenKrupp AG, SGL Carbon, Nemak, Novelis Inc., Constellium SE, and Covestro AG are focusing on developing innovative battery housing solutions to meet the rising demand for electric vehicles.

Industrial Impact

The growth of the electric vehicle battery housing market has significant impacts on the automotive, electronics, and metal industries. The automotive industry, being the largest consumer of battery housings, is driven by increasing environmental concerns and government incentives. The electronics industry benefits from battery technology advancements, making electric vehicles more affordable and practical. Meanwhile, the metal industry experiences rising demand for aluminum, steel, and plastic used in battery housings.

Market Segmentation

The report covers the following segmentation:

1. Cell Format: Pouch Cell, Cylindrical Cell, Prismatic Cell

   • Prismatic Cells dominate the market due to higher energy density, flexibility, better thermal management, and cost-effectiveness, making them the preferred choice for electric vehicles.

2. Vehicle Type: 2-Wheeler, 3-Wheeler, Off Road Vehicles, Commercial Vehicles, Passenger Vehicles

   • Passenger Vehicles lead the market, being more affordable and offering a comfortable driving experience. The segment is expected to grow at a faster rate due to the increasing demand for electric passenger cars.

3. Material Type: Steel, Aluminium, GFRP, CFRP

   • Aluminum is expected to dominate the market as a lightweight, strong, and cost-effective material, essential for battery housings, while being environmentally sustainable.

4. Battery Chemistry Type: Lithium-Ion, Lead Acid, Others

   • Lithium-ion batteries are projected to dominate the market due to their high energy density, long lifespan, and cost-effectiveness, driving the demand for protective housings.

5. Component Type: Top Cover, Bottom Cover, Others

   • Bottom Cover is expected to dominate the market as it provides structural support, heat dissipation, and protection for the battery pack.

6. Region: North America, Europe, U.K., China, Asia-Pacific and Japan

   • Asia-Pacific and Japan are expected to dominate the market due to increasing demand for electric vehicles, the presence of major battery manufacturers, availability of skilled labor, and favorable government policies.

Recent Developments in the Electric Vehicle Battery Housing Market

The report highlights recent developments in the market, including expansions, joint ventures, and contracts by major players like Magna, Renault Group, Minth Group, and Nemak.

Demand - Drivers, Limitations, and Opportunities

The demand for electric vehicle battery housings is driven by the increasing demand for electric vehicles, environmental concerns, government incentives, and advances in battery technology. However, challenges such as high material costs, lack of standardization, demand volatility, and competition from other materials exist. Opportunities lie in the rise of lightweight materials, integrated cooling systems, and battery swapping systems.

Value for Organizations

The report adds value to organizations by providing insights into product/innovation strategies, growth/marketing strategies, and competitive strategies. It helps organizations understand market trends, potential partnerships, and untapped revenue opportunities in the electric vehicle battery housing market.

Key Market Players and Competition Synopsis

• SGL Carbon
• Novelis Inc.
• Nemak, S.A.B. de C.V.
• Constellium SE
• Gestamp Automocion, S.A.
• UACJ Corporation
• GF Linamar LLC
• Hanwha Solutions Advanced Materials
• Minth Group
• ThyssenKrupp AG
• TRB Lightweight
• Hitachi Metals, Ltd.
• Norsk Hydro ASA
• Magna International Inc.
• Kautex Textron GmbH & Co. KG
• Teijin Limited
• LANXESS
• Evonik Industries AG
• Saudi Basic Industries Corporation (SABIC)
• Covestro AG

For more information about this report visit https://www.researchandmarkets.com/r/3357x2

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