Europe Battery Recycling Market Size & Outlook, 2023-2030
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Europe battery recycling market highlights
- The Europe battery recycling market generated a revenue of USD 348.8 million in 2023.
- The market is expected to grow at a CAGR of 37.1% from 2024 to 2030.
- In terms of segment, lead acid was the largest revenue generating chemistry in 2023.
- Lithium-ion is the most lucrative chemistry segment registering the fastest growth during the forecast period.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 348.8 million |
| Market revenue in 2030 | USD 3,177.2 million |
| Growth rate | 37.1% (CAGR from 2024 to 2030) |
| Largest segment | Lead acid |
| Fastest growing segment | Lithium-ion |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-ion, Lead acid, Nickel, Cobalt, Manganese |
| Key market players worldwide | Call2Recycle, EXIDE Industries, Gravita India Ltd, Glencore PLC, Gopher Resource, East Penn Manufacturing Co, Aqua Metals Inc, American Battery Technology Company, Cirba Solutions |
Other key industry trends
- In terms of revenue, Europe region accounted for 19.1% of the global battery recycling market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,498.9 million by 2030.
Lead acid was the largest segment with a revenue share of 84.12% in 2023. Horizon Databook has segmented the Europe battery recycling market based on lithium-ion, lead acid, nickel, cobalt, manganese covering the revenue growth of each sub-segment from 2018 to 2030.
Europe has been one of the leading producers of automobiles in the world in the past. It is expected to continue its dominance in automobile manufacturing in the coming years as well.
Moreover, the European Commission has planned to give a further boost to the automotive industry in the region by encouraging foreign direct investments (FDIs) from Asia-based automobile manufacturers, such as Honda and Toyota in the coming years.
The flourishing automotive industry in Europe has fueled the demand for battery recycling business in Germany, Spain, Italy, France, and the UK. The growth of battery recycling market in the region is driven by mergers & acquisitions undertaken by leading companies and numerous foreign direct investments in the domestic automotive industry.
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Battery Recycling Market Scope
Battery Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| American Battery Technology Company | View profile | 51-100 | Reno, Nevada, United States, North America | https://americanbatterytechnology.com/ |
| Cirba Solutions | View profile | 51-100 | Charlotte, North Carolina, United States, North America | https://www.cirbasolutions.com |
| Aqua Metals Inc | View profile | 53 | 5370 Kietzke Lane, Suite 201, Reno, NV, United States, 89511 | https://www.aquametals.com |
| Glencore PLC | View profile | 83426 | Baarermattstrasse 3, Baar, Switzerland, CH-6340 | https://www.glencore.com |
| Gravita India Ltd | View profile | 251-500 | Jaipur, Rajasthan, India, Asia | http://www.gravitaindia.com |
| Call2Recycle | View profile | 11-50 | Atlanta, Georgia, United States, North America | http://www.call2recycle.org/ |
| East Penn Manufacturing Co | View profile | 10001+ | Lyon Station, Pennsylvania, United States, North America | https://www.eastpennmanufacturing.com/ |
| Gopher Resource | View profile | 501-1000 | Eagan, Minnesota, United States, North America | http://www.gopherresource.com/ |
| EXIDE Industries | View profile | 10001+ | Kolkata, West Bengal, India, Asia | http://www.exideindustries.com/ |
Europe battery recycling market size, by country, 2018-2030 (US$M)
Europe Battery Recycling Market Outlook Share, 2023 & 2030 (US$M)
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