Sweden Metal Li-based Battery Casing Market Size & Outlook
Sweden metal li-based battery casing market, 2018-2030 (US$M)
Related Markets
Sweden metal li-based battery casing market highlights
- The Sweden metal li-based battery casing market generated a revenue of USD 50.3 million in 2023 and is expected to reach USD 205.2 million by 2030.
- The Sweden 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 50.3 million |
| Market revenue in 2030 | USD 205.2 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, Sweden accounted for 1.1% 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 89.66% in 2023. Horizon Databook has segmented the Sweden metal li-based battery casing market based on primary, rechargeable covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, Sweden’s economy faced a GDP contraction of approximately 0.5%, following a growth of 2.6% in 2022, with a moderate recovery projected at 1.1% in 2024, according to the European Commission. The Swedish economy declined in 2023, citing inflation, falling house prices, and declining real wages as key factors.
Despite these economic challenges, Sweden's automotive industry continues to remain robust, driven by the demand for EVs and sustainable transportation solutions. Leading manufacturers are increasingly focusing on EV production and battery technology, positioning Sweden as a key player in the European automotive sector.
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Metal Li-based Battery Casing Market Scope
Metal Li-based Battery Casing Market Companies
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Sweden metal li-based battery casing market size, by type, 2018-2030 (US$M)
Sweden Metal Li-based Battery Casing Market Outlook Share, 2023 & 2030 (US$M)
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