EV Battery Housing Market Share, Revenue, Trends, Scope, Key Players, Growth Drivers, Challenges and Business Opportunities Till 2033


EV Battery Housing Market Share, Revenue, Trends, Scope, Key Players, Growth Drivers, Challenges and Business Opportunities Till 2033: SPER Market Research

 Published: Jan-2024
 Author: SPER Analyst

Electric Vehicle Battery Housing Market is projected to be worth USD 41.66 Billion by 2033 with a CAGR of 13.62%.

A protective container used to house the battery pack in an electric vehicle (EV) is referred to as an EV battery housing. Aluminium, steel, polymers, glass, and carbon fibre reinforced polymers are just a few of the lightweight, extremely durable components used in its manufacturing. In electric automobiles, lorries, vans, buses, motorbikes, scooters, and three-wheelers, EV battery housing is frequently utilised. Along with providing the best possible protection for the battery pack, EV battery housing also extends the life of equipment, keeps overheated damage from occurring, and lowers the possibility of potential dangers like fire, explosion, and chemical leaks.
Global Electric Vehicle Battery Housing Market Driving Factors and Challenges

The rise of electric vehicles is largely due to the development of the infrastructure for charging them. The proliferation and accessibility of charging stations promotes the use of electric vehicles among consumers, hence increasing the need for EV battery housing that is both dependable and efficient. A robust infrastructure for charging reduces range anxiety, which is a prevalent apprehension among prospective purchasers of electric vehicles. Furthermore, lightweight materials like aluminium and high-strength alloys used in battery housing improve total vehicle economy. 

In order to increase range and energy efficiency, electric vehicles must reduce weight, which is why new lightweight materials are being used in the battery housing of EVs. Lightweight materials frequently have advantageous energy density properties. Electric vehicle chassis designs frequently incorporate lightweight materials. The vehicle's structural stability, stiffness, and strength are improved by this integration. The smooth incorporation of lightweight materials into the vehicle chassis has a favourable impact on the electric vehicle's performance and handling. Thus, one of the main factors propelling the market's growth has been the development of lightweight materials.

Tight regulatory compliance, however, can cause people to approach innovation and development with more caution. Manufacturers can put achieving current regulations ahead of researching ground-breaking innovations, which could impede the rate of progress in EV battery housing technology. Complying with strict regulatory requirements frequently necessitates extra testing, certification, and compliance procedures, which raises expenses. New models and innovations may take longer to hit the market due to the drawn-out certification procedures and the requirement for thorough testing. Tight regulations can make it difficult for smaller producers or newcomers to the electric vehicle market to get started. Because established corporations have access to greater financial and technological resources to handle complex compliance processes, smaller businesses find it difficult to compete. Thus, standards and regulatory compliance may impede market expansion.

Impact of COVID-19 on Global Electric Vehicle Battery Housing Market
Positive effects of the COVID-19 epidemic were seen in the global market for battery housing for electric vehicles (EVs). Shortages impacted the manufacture and housing of EV batteries due to supply chain disruptions, especially for vital components like lithium-ion batteries. Notwithstanding these obstacles, the manufacturing and sales of passenger cars increased marginally as a result of encouraging government regulations and subsidies. Aiming for economic recovery, some governments introduced tax credits and other incentives to encourage the use of electric vehicles. The aggressive expansion of automakers into EV components has been made possible by these supportive policies, which are intended to lessen the pandemic's detrimental effects on the EV industry as a whole and promote market expansion.

Electric Vehicle Battery Housing Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Constellium SE, Covestro AG, Evonik Industries AG, Lanxess AG, Magna International, Inc., Proterial, Ltd., SGL Carbon SE, Saudi Basic Industries Corporation (SABIC), Teijin Limited, thyssenkrupp AG, Others.

Global Electric Vehicle Battery Housing Market Segmentation:

Vehicle Type: Based on the Vehicle Type, Global Electric Vehicle Battery Housing Market is segmented as; Commercial Vehicles, Passenger Cars, Two Wheelers and Three Wheelers.

By Material: Based on the Material, Global Electric Vehicle Battery Housing Market is segmented as; Aluminum, Carbon Fiber Reinforced Plastic, Glass Fiber Reinforced Plastic, Steel.

By Cell Format Type: Based on the Cell Format Type, Global Electric Vehicle Battery Housing Market is segmented as; Cylindrical Cell, Pouch Cell, Prismatic Cell.

By Region: This research also includes data for Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]