Asia Pacific Metal Li-based Battery Casing Market Size & Outlook
Asia Pacific metal li-based battery casing market, 2018-2030 (US$M)
Related Markets
Asia Pacific metal li-based battery casing market highlights
- The Asia Pacific metal li-based battery casing market generated a revenue of USD 3,406.7 million in 2023.
- The market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, rechargeable was the largest revenue generating type in 2023.
- Rechargeable is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,406.7 million |
| Market revenue in 2030 | USD 7,707.1 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Rechargeable |
| Fastest growing segment | Rechargeable |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Primary, Rechargeable |
| Key market players worldwide | Constellium SE Class A, Gestamp Automocion, GF Casting Solutions, Granges AB, Magna International Inc, MINTH Group, NeMaK, Norsk Hydro ASA, Novelis UK, Targray, Thyssenkrupp AG, UACJ |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 75.7% of the global metal li-based battery casing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 17.7 million by 2030.
Rechargeable was the largest segment with a revenue share of 87.92% in 2023. Horizon Databook has segmented the Asia Pacific metal li-based battery casing market based on primary, rechargeable covering the revenue growth of each sub-segment from 2018 to 2030.
Asia’s real GDP growth was 5.0% in 2023 and is projected to grow by 4.5% and 4.3% in 2024 and 2025, respectively, according to the IMF. Increasing manufacturing activities and rising foreign investments are the key drivers fueling the economic growth in Asia Pacific.
The flourishing end-use industries such as automotive, energy, and industrial in the region are anticipated to contribute to the economic growth.
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Metal Li-based Battery Casing Market Scope
Metal Li-based Battery Casing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific metal li-based battery casing market size, by country, 2018-2030 (US$M)
Asia Pacific Metal Li-based Battery Casing Market Outlook Share, 2023 & 2030 (US$M)
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