Global Electric Vehicle (ev) Battery Recycling Market Size & Outlook

The electric vehicle (ev) battery recycling industry worldwide is expected to reach a projected revenue of US$ 10,451.6 million by 2030. A compound annual growth rate of 61.7% is expected of the worldwide electric vehicle (ev) battery recycling industry from 2024 to 2030.
Revenue, 2023 (US$M)
$361.2
Forecast, 2030 (US$M)
$10,451.6
CAGR, 2024 - 2030
61.7%
Report Coverage
Worldwide

Global electric vehicle (ev) battery recycling market, 2018-2030 (US$M)

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 2023USD 361.2 million
Market revenue in 2030USD 10,451.6 million
Growth rate61.7% (CAGR from 2023 to 2030)
Largest segmentLithium ion
Fastest growing segmentLithium ion
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLithium 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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  • Our clientele includes a mix of electric vehicle (ev) battery recycling market companies, investment firms, advisory firms & academic institutions.
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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)

Global electric vehicle (ev) battery recycling market size, by regions, 2018-2030 (US$M)

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