Hungary Metal Li-based Battery Casing Market Size & Outlook
Hungary metal li-based battery casing market, 2018-2030 (US$M)
Related Markets
Hungary metal li-based battery casing market highlights
- The Hungary metal li-based battery casing market generated a revenue of USD 89.6 million in 2023 and is expected to reach USD 365.8 million by 2030.
- The Hungary market is expected to grow at a CAGR of 22.3% 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.
Metal li-based battery casing market data book summary
| Market revenue in 2023 | USD 89.6 million |
| Market revenue in 2030 | USD 365.8 million |
| Growth rate | 22.3% (CAGR from 2023 to 2030) |
| Largest segment | Rechargeable |
| Fastest growing segment | Rechargeable |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Hungary accounted for 2.0% of the global metal li-based battery casing market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany metal li-based battery casing market is projected to lead the regional market in terms of revenue in 2030.
- Poland is the fastest growing regional market in Europe and is projected to reach USD 708.8 million by 2030.
Rechargeable was the largest segment with a revenue share of 90.74% in 2023. Horizon Databook has segmented the Hungary metal li-based battery casing market based on primary, rechargeable covering the revenue growth of each sub-segment from 2018 to 2030.
According to the European Commission. The economic slowdown in 2023 was attributed to high inflation, weakening consumer demand, and supply chain disruptions. However, Hungary’s automotive industry remains strong, particularly in the EV sector.
With increasing investments in EV production and battery manufacturing, Hungary is emerging as a crucial hub for the European EV market, supported by its skilled workforce and strategic location in Central Europe.
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Metal Li-based Battery Casing Market Scope
Metal Li-based Battery Casing Market Companies
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Hungary metal li-based battery casing market size, by type, 2018-2030 (US$M)
Hungary Metal Li-based Battery Casing Market Outlook Share, 2023 & 2030 (US$M)
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