Global electric vehicle battery reuse and recycling market will reach $25.02 billion by 2032, growing by 43.6% annually over 2022-2032, driven by the need to reduce battery waste, costly battery disposal, the rising demand for urban vehicles, and a focus on sustainable transportation.
Highlighted with 121 tables and 85 figures, this 189-page report “Global Electric Vehicle Battery Reuse and Recycling Market 2022-2032 by Category (Reuse, Recycling), Battery Type (Lithium-ion, Nickel-metal, Lead-acid, Others), EV Type (BEV, HEV, PHEV, FCEV), Vehicle (Passenger, Commercial), End Use (Cars, Buses, Energy Storage Systems, Others), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global electric vehicle battery reuse and recycling market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global electric vehicle battery reuse and recycling market in every aspect of the classification from perspectives of Category, Battery Type, EV Type, Vehicle, End Use, and Region.
Based on Category, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Reuse of EV Batteries
• Recycling of EV Batteries
o Hydro-metallurgical Process
o Pyro-metallurgical Process
o Other Processes
Based on Battery Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Lithium-ion Batteries
o Lithium Ferro Phosphate (LFP) Battery
o Lithium-ion Manganese Oxide (LMO)
o Lithium-nickel-cobalt-aluminum Oxide (NCA)
o Lithium-nickel-manganese-cobalt Oxide (NMC)
o Lithium-titanate Oxide (LTO)
• Nickel-metal Hydride Batteries
• Lead-acid Batteries
• Other Battery Types
By EV Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)
By Vehicle, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Passenger EVs
• Commercial Evs
By End Use, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Electric Cars
• Electric Buses
• Energy Storage Systems
• Other End Uses
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
For each region and country, detailed analysis and annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Category, Battery Type, and End Use over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
ACCUREC Recycling GmbH
American Manganese Inc.
Battery Solutions
Bayerische Motoren Werke (BMW) AG
China Aviation Lithium Battery Company Limited
G & P Service
LI-CYCLE CORP.
Nissan Motor Co. Ltd.
Recupyl
Retriev Technologies
SITRASA
SNAM S.A.S. (FLORIDIENNE)
Tesla Inc.
Toshiba Corporation
Umicore
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 10
1.1 Industry Definition and Research Scope 10
1.1.1 Industry Definition 10
1.1.2 Research Scope 11
1.2 Research Methodology 14
1.2.1 Overview of Market Research Methodology 14
1.2.2 Market Assumption 15
1.2.3 Secondary Data 15
1.2.4 Primary Data 15
1.2.5 Data Filtration and Model Design 16
1.2.6 Market Size/Share Estimation 17
1.2.7 Research Limitations 18
1.3 Executive Summary 19
2 Market Overview and Dynamics 22
2.1 Market Size and Forecast 22
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 26
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 28
2.2 Major Growth Drivers 32
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42
3 Segmentation of Global Market by Category 46
3.1 Market Overview by Category 46
3.2 Reuse of EV Batteries 48
3.3 Recycling of EV Batteries 49
3.3.1 Hydro-metallurgical Process 50
3.3.2 Pyro-metallurgical Process 51
3.3.3 Other Processes 52
4 Segmentation of Global Market by Battery Type 53
4.1 Market Overview by Battery Type 53
4.2 Lithium-ion Batteries 55
4.2.1 Lithium Ferro Phosphate (LFP) Battery 57
4.2.2 Lithium-ion Manganese Oxide (LMO) 58
4.2.3 Lithium-nickel-cobalt-aluminum Oxide (NCA) 59
4.2.4 Lithium-nickel-manganese-cobalt Oxide (NMC) 60
4.2.5 Lithium-titanate Oxide (LTO) 61
4.3 Nickel-metal Hydride Batteries 62
4.4 Lead-acid Batteries 63
4.5 Other Battery Types 64
5 Segmentation of Global Market by EV Type 65
5.1 Market Overview by EV Type 65
5.2 Battery Electric Vehicle (BEV) 67
5.3 Hybrid Electric Vehicle (HEV) 68
5.4 Plug-in Hybrid Electric Vehicle (PHEV) 69
5.5 Fuel Cell Electric Vehicle (FCEV) 70
6 Segmentation of Global Market by Vehicle 71
6.1 Market Overview by Vehicle 71
6.2 Passenger EVs 73
6.3 Commercial EVs 74
7 Segmentation of Global Market by End Use 75
7.1 Market Overview by End Use 75
7.2 Electric Cars 77
7.3 Electric Buses 78
7.4 Energy Storage Systems 79
7.5 Other End Uses 80
8 Segmentation of Global Market by Region 81
8.1 Geographic Market Overview 2022-2032 81
8.2 North America Market 2022-2032 by Country 85
8.2.1 Overview of North America Market 85
8.2.2 U.S. 89
8.2.3 Canada 92
8.2.4 Mexico 94
8.3 European Market 2022-2032 by Country 96
8.3.1 Overview of European Market 96
8.3.2 Germany 100
8.3.3 U.K. 102
8.3.4 France 104
8.3.5 Spain 106
8.3.6 Italy 108
8.3.7 Russia 110
8.3.8 Rest of European Market 112
8.4 Asia-Pacific Market 2022-2032 by Country 114
8.4.1 Overview of Asia-Pacific Market 114
8.4.2 Japan 118
8.4.3 China 121
8.4.4 Australia 123
8.4.5 India 125
8.4.6 South Korea 127
8.4.7 Rest of APAC Region 129
8.5 South America Market 2022-2032 by Country 131
8.5.1 Argentina 134
8.5.2 Brazil 136
8.5.3 Chile 138
8.5.4 Rest of South America Market 140
8.6 MEA Market 2022-2032 by Country 141
8.6.1 UAE 144
8.6.2 Saudi Arabia 146
8.6.3 South Africa 148
8.6.4 Other National Markets 150
9 Competitive Landscape 151
9.1 Overview of Key Vendors 151
9.2 New Product Launch, Partnership, Investment, and M&A 154
9.3 Company Profiles 155
ACCUREC Recycling GmbH 155
American Manganese Inc. 157
Battery Solutions 159
Bayerische Motoren Werke (BMW) AG 161
China Aviation Lithium Battery Company Limited 166
G & P Service 167
LI-CYCLE CORP. 169
Nissan Motor Co. Ltd. 171
Recupyl 173
Retriev Technologies 175
SITRASA 177
SNAM S.A.S. (FLORIDIENNE) 179
Tesla Inc. 181
Toshiba Corporation 184
Umicore 186
RELATED REPORTS 189
List of Tables:
Table 1. Snapshot of Global Electric Vehicle Battery Reuse and Recycling Market in Balanced Perspective, 2022-2032 20
Table 2. World Economic Outlook, 2021-2031 24
Table 3. World Economic Outlook, 2021-2023 25
Table 4. Scenarios for Economic Impact of Ukraine Crisis 29
Table 5. Main Product Trends and Market Opportunities in Global Electric Vehicle Battery Reuse and Recycling Market 38
Table 6. Global Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 46
Table 7. Global Electric Vehicle Battery Reuse and Recycling Market: Recycling of EV Batteries by Process, 2022-2032, $ mn 49
Table 8. Global Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 53
Table 9. Global Electric Vehicle Battery Reuse and Recycling Market: Lithium-ion Batteries by Type, 2022-2032, $ mn 56
Table 10. Global Electric Vehicle Battery Reuse and Recycling Market by EV Type, 2022-2032, $ mn 65
Table 11. Global Electric Vehicle Battery Reuse and Recycling Market by Vehicle, 2022-2032, $ mn 71
Table 12. Global Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 75
Table 13. Global Electric Vehicle Battery Reuse and Recycling Market by Region, 2022-2032, $ mn 82
Table 14. Leading National Electric Vehicle Battery Reuse and Recycling Market, 2022 and 2032, $ mn 84
Table 15. North America Electric Vehicle Battery Reuse and Recycling Market by Country, 2022-2032, $ mn 87
Table 16. U.S. Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 91
Table 17. U.S. Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 91
Table 18. U.S. Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 91
Table 19. Canada Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 93
Table 20. Canada Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 93
Table 21. Canada Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 93
Table 22. Mexico Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 95
Table 23. Mexico Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 95
Table 24. Mexico Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 95
Table 25. Europe Electric Vehicle Battery Reuse and Recycling Market by Country, 2022-2032, $ mn 99
Table 26. Germany Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 101
Table 27. Germany Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 101
Table 28. Germany Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 101
Table 29. U.K. Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 103
Table 30. U.K. Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 103
Table 31. U.K. Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 103
Table 32. France Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 105
Table 33. France Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 105
Table 34. France Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 105
Table 35. Spain Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 107
Table 36. Spain Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 107
Table 37. Spain Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 107
Table 38. Italy Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 109
Table 39. Italy Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 109
Table 40. Italy Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 109
Table 41. Russia Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 111
Table 42. Russia Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 111
Table 43. Russia Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 111
Table 44. Electric Vehicle Battery Reuse and Recycling Market in Rest of Europe by Country, 2022-2032, $ mn 113
Table 45. APAC Electric Vehicle Battery Reuse and Recycling Market by Country, 2022-2032, $ mn 116
Table 46. Japan Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 120
Table 47. Japan Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 120
Table 48. Japan Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 120
Table 49. China Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 122
Table 50. China Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 122
Table 51. China Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 122
Table 52. Australia Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 124
Table 53. Australia Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 124
Table 54. Australia Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 124
Table 55. India Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 126
Table 56. India Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 126
Table 57. India Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 126
Table 58. South Korea Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 128
Table 59. South Korea Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 128
Table 60. South Korea Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 128
Table 61. Electric Vehicle Battery Reuse and Recycling Market in Rest of APAC by Country/Region, 2022-2032, $ mn 130
Table 62. South America Electric Vehicle Battery Reuse and Recycling Market by Country, 2022-2032, $ mn 133
Table 63. Argentina Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 135
Table 64. Argentina Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 135
Table 65. Argentina Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 135
Table 66. Brazil Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 137
Table 67. Brazil Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 137
Table 68. Brazil Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 137
Table 69. Chile Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 139
Table 70. Chile Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 139
Table 71. Chile Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 139
Table 72. MEA Electric Vehicle Battery Reuse and Recycling Market by Country, 2022-2032, $ mn 143
Table 73. UAE Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 145
Table 74. UAE Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 145
Table 75. UAE Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 145
Table 76. Saudi Arabia Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 147
Table 77. Saudi Arabia Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 147
Table 78. Saudi Arabia Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 147
Table 79. South Africa Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 149
Table 80. South Africa Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 149
Table 81. South Africa Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 149
Table 82. ACCUREC Recycling GmbH: Company Snapshot 155
Table 83. ACCUREC Recycling GmbH: Business Segmentation 156
Table 84. ACCUREC Recycling GmbH: Product Portfolio 156
Table 85. American Manganese Inc.: Company Snapshot 157
Table 86. American Manganese Inc.: Product Portfolio 158
Table 87. Battery Solutions: Company Snapshot 159
Table 88. Battery Solutions: Product Portfolio 160
Table 89. Bayerische Motoren Werke (BMW) AG: Company Snapshot 161
Table 90. Bayerische Motoren Werke (BMW) AG: Brands and Models 161
Table 91. Bayerische Motoren Werke (BMW) AG: Annual Production by Vehicle 2005-2019 162
Table 92. Bayerische Motoren Werke (BMW) AG: Annual Sales by Vehicle 2005-2019 162
Table 93. Bayerische Motoren Werke (BMW) AG: Revenue, 2017-2019, $ bn 163
Table 94. Bayerische Motoren Werke (BMW) AG: % of Revenue by Region, 2018 163
Table 95. Bayerische Motoren Werke (BMW) AG: Recent Developments 164
Table 96. China Aviation Lithium Battery Company Limited: Company Snapshot 166
Table 97. G & P Service: Company Snapshot 167
Table 98. G & P Service: Product Portfolio 168
Table 99. LI-CYCLE CORP.: Company Snapshot 169
Table 100. LI-CYCLE CORP.: Product Portfolio 170
Table 101. Nissan Motor Co. Ltd.: Company Snapshot 171
Table 102. Nissan Motor Co. Ltd.: Revenue, 2018-2020, $ bn 172
Table 103. Recupyl: Company Snapshot 173
Table 104. Recupyl: Product Portfolio 174
Table 105. Retriev Technologies: Company Snapshot 175
Table 106. Retriev Technologies: Product Portfolio 176
Table 107. SITRASA: Company Snapshot 177
Table 108. SITRASA: Product Portfolio 178
Table 109. SNAM S.A.S.: Company Snapshot 179
Table 110. SNAM S.A.S.: Product Portfolio 180
Table 111. SNAM S.A.S.: Revenue, 2017-2019, $ mn 180
Table 112. Tesla Inc.: Company Snapshot 181
Table 113. Tesla Inc.: Business Segments 182
Table 114. Tesla Inc.: Revenue, 2018-2020, $ bn 182
Table 115. Toshiba Corporation: Company Snapshot 184
Table 116. Toshiba Corporation: Business Segments 185
Table 117. Toshiba Corporation: Revenue, 2018-2020, $ bn 185
Table 118. Umicore: Company Snapshot 186
Table 119. Umicore: Business Segments 187
Table 120. Umicore: Product Portfolio 187
Table 121. Umicore: Revenue, 2017-2019, € bn 188
