North America Metal Li-based Battery Casing Market Size & Outlook
North America metal li-based battery casing market, 2018-2030 (US$M)
Related Markets
North America metal li-based battery casing market highlights
- The North America metal li-based battery casing market generated a revenue of USD 396.0 million in 2023.
- The market is expected to grow at a CAGR of 18.2% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 396.0 million |
| Market revenue in 2030 | USD 1,274.8 million |
| Growth rate | 18.2% (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, North America region accounted for 8.8% 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 89.7% in 2023. Horizon Databook has segmented the North America metal li-based battery casing market based on primary, rechargeable covering the revenue growth of each sub-segment from 2018 to 2030.
The metal li-based battery casings market in North America is set to experience steady growth, driven by robust economic indicators and substantial investments in EV, electronics, and renewable energy infrastructure.
According to the International Monetary Fund (IMF), real GDP growth in North America is projected at 2.3% for 2023, with a slight decline to 2.0% expected for both 2024 and 2025. The U.S. economy is a key contributor to this growth.
highlighting the region's commitment to enhancing its economic landscape through significant incentives and infrastructure initiatives.
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Metal Li-based Battery Casing Market Scope
Metal Li-based Battery Casing Market Companies
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North America metal li-based battery casing market size, by country, 2018-2030 (US$M)
North America Metal Li-based Battery Casing Market Outlook Share, 2023 & 2030 (US$M)
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