According to ESOMAR-certified Future Market Insights’ (FMI) - Over the forecast period, the global electric vehicle battery housing market demand is expected to grow at a rapid CAGR of 31.8%. The market is expected to reach US$ 1,531.1 Mn in 2023. The market is anticipated to reach US$ 24,219.1 Mn by 2033.
The battery housing in an electric vehicle (EV) is the compartment that contains the battery pack. The battery pack is a critical component of the EV, providing the electrical energy to power the electric motor.
The Electric Vehicle Battery Housing can be made from various materials, including aluminum, steel, or composite materials. Some manufacturers also use materials such as carbon fiber to reduce weight and improve performance.
The design of the battery housing is also critical to ensure safety in the event of a collision or impact. Manufacturers design the housing to absorb and distribute energy in a crash, reducing the risk of battery damage or fire.
Overall, the battery housing is an essential component of an EV, protecting the battery pack and ensuring optimal performance, safety, and longevity."
Europe is leading the global electric vehicle battery housing market as a result of growing government support for the EV market, despite the fact that electric vehicles are currently expensive. Furthermore, the significant concentration of OEMs in the region encouraged market development.
KEY TAKEAWAYS
The UK electric vehicle battery housing market is estimated to grow at a CAGR of 28% over the forecast period.
The German electric car battery housing market is expected to hold 11.2% of the global market over the forecast period
During the projection period, the Chinese electric vehicle battery housing market is expected to expand at a CAGR of 26.4% through 2032.
Japan is expected to hold 1.1% of the global market over the forecast period.
The Indian electric vehicle battery housing market is expected to have the highest global market share, growing at a CAGR of 42.2%.
Over the projected period, the US electric vehicle battery housing market is expected to hold 9.3% of the global market.
For more information: https://www.futuremarketinsights.com/reports/electric-vehicle-battery-housing-market
COMPETITIVE LANDSCAPE
Key players operating in the electric vehicle battery housing market are SGL Carbon, Novelis Inc., Nemak S.A.B. de C.V, Constellium SE, Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals Ltd., POSCO, Norsk Hydro ASA and other major players.
These companies have used a variety of techniques to improve their market share for electric vehicle battery housing. To widen their client base and increase revenue, they have used both organic and inorganic growth techniques, such as new product launches, acquisitions, corporate expansions, and collaborations.
Key Segmentation of the Electric Vehicle Battery Housing Market
By Material:
Metallic
Non-metallic
By Application:
Passenger Vehicle
Commercial Vehicle
By Cell Format Type:
Pouch Cell
Cylindrical Cell
Prismatic Cell