Global Electric Vehicle (ev) Battery Recycling Market Size & Outlook
Global electric vehicle (ev) battery recycling market, 2018-2030 (US$M)
Related Markets
Global electric vehicle (ev) battery recycling market highlights
- The global electric vehicle (ev) battery recycling market generated a revenue of USD 361.2 million in 2023 and is expected to reach USD 10,451.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 61.7% by 2030.
- In terms of segment, lithium ion accounted for a revenue of USD 217.6 million in 2023.
- Lithium ion is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 361.2 million |
| Market revenue in 2030 | USD 10,451.6 million |
| Growth rate | 61.7% (CAGR from 2023 to 2030) |
| Largest segment | Lithium ion |
| 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 |
Other key industry trends
- In terms of revenue, the North America accounted for 27.5% of the global electric vehicle (ev) battery recycling market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, UAE is the fastest growing regional market and is projected to reach USD 71.6 million by 2030.
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Electric Vehicle (EV) Battery Recycling Market Scope
Electric Vehicle (EV) Battery Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global electric vehicle (ev) battery recycling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric vehicle (ev) battery recycling market will help companies and investors design strategic landscapes.
Lithium ion was the largest segment with a revenue share of 60.24% in 2023. Horizon Databook has segmented the Global electric vehicle (ev) battery recycling market based on lithium ion, lead acid covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Electric Vehicle (EV) Battery Recycling Application Outlook (Revenue, USD Million, 2018-2030)
- Lithium ion
- Lead Acid
- Others
- Global Electric Vehicle (EV) Battery Recycling Source Outlook (Revenue, USD Million, 2018-2030)
- End of Life
- Production Scrap
- Global Electric Vehicle (EV) Battery Recycling Vehcile Type Outlook (Revenue, USD Million, 2018-2030)
- Passenger Cars
- Buses
- Vans
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global electric vehicle (ev) battery recycling market , including forecasts for subscribers. This global databook contains high-level insights into Global electric vehicle (ev) battery recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global electric vehicle (ev) battery recycling market size, by regions, 2018-2030 (US$M)
Top 10 countries: Electric vehicle (ev) battery recycling market size, 2023 (US$M)
Global electric vehicle (ev) battery recycling market share, by application, 2023 & 2030 (%, US$M)
Electric vehicle (ev) battery recycling market: Opportunity assessment by country
Global electric vehicle (ev) battery recycling market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 9.4 | 14.6 | 22.7 | 35.6 | 63.1 | 99.4 | 157.5 | 250.4 | 399.4 | 638.6 | 1,024.8 | 1,657.1 | 2,919.1 | 62.1% |
| Europe | 6.7 | 10.3 | 15.9 | 24.9 | 43.9 | 68.9 | 108.5 | 171.7 | 272.7 | 435.1 | 694.3 | 1,113.6 | 1,944.0 | 61.2% |
| Asia Pacific | 14.4 | 22.6 | 32.8 | 51.8 | 92.7 | 147.4 | 235.4 | 377.4 | 606.3 | 978.0 | 1,583.0 | 2,582.8 | 4,588.2 | 63.4% |
| Latin America | 3.2 | 4.9 | 7.6 | 10.8 | 18.8 | 29.1 | 45.1 | 70.2 | 110.1 | 172.8 | 272.0 | 429.4 | 738.3 | 58.7% |
| MEA | 0.8 | 1.1 | 4.1 | 6.7 | 11.2 | 16.5 | 24.3 | 36.1 | 51.9 | 75.3 | 111.0 | 162.8 | 261.9 | 48.5% |
| Overall | 34.5 | 53.4 | 83.1 | 129.7 | 229.7 | 361.2 | 570.8 | 905.7 | 1,440.3 | 2,299.8 | 3,685.0 | 5,945.8 | 10,451.6 | 61.7% |
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