Electric Vehicle Battery Housing Market Growth, Size, Trends, Revenue, Demand and Future Outlook
Electric Vehicle Battery Housing Market Size- By Vehicle Type, By Material, By Cell Format Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: AMIN2438 | Pages: 1 - 232 | Formats*: |
| Category : Automotive & Transportation | |||
Electric Vehicle Battery Housing Market Introduction and Overview
According to SPER Market Research, the Global Electric Vehicle Battery Housing Market is estimated to reach USD 41.66 Billion by 2033 with a CAGR of 13.62%.
The report includes an in-depth analysis of the Global Electric Vehicle Battery Housing Market, including market size and trends, product mix, applications, and supplier analysis. The term "electric vehicle (EV) battery housing" describes the protective container that holds the battery pack within an EV. A number of extremely strong and lightweight materials, including steel, aluminium, plastics, and different composites including glass and carbon fibre reinforced polymers, are used in its manufacturing. Electric vehicles such as cars, lorries, vans, buses, motorbikes, scooters, and three-wheelers frequently use EV battery housing. It has superior insulating qualities, a high strength-to-weight ratio, outstanding thermal conductivity, and resistance to corrosion, harsh temperatures, and collisions. Additionally, an EV battery housing guarantees the battery pack's best protection, guards against overheating damage, extends the life of equipment, and lowers the possibility of potential dangers like fire, explosion, and chemical leaks.
- July 2023: In order to construct the first two supplier facilities at Ford's BlueOval City supplier park in Stanton, Tennessee, and a stamping and assembly factory in Lawrenceburg, Tennessee, Magna said that the business would invest USD 790 million. Magna will provide vehicle chassis, battery enclosures, and seats for Ford's second-generation electric truck at BlueOval City. A brand-new 800,000 square foot frame and battery enclosure as well as a 140,000 square foot seating area are located within Magna's two BlueOval City supplier park facilities.
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Market Opportunities and Challenges
Environmental concerns and increasing pollution levels are driving the rapid adoption of electric vehicles (EVs), which is driving market growth. Many different types of vehicles employ EV battery housing, which ensures safe battery operation, reduces accidents, and avoids dangerous situations. The market is driven by government initiatives that encourage the use of electric vehicles (EVs) in order to lessen reliance on fossil fuels and reduce carbon emissions. Growth is also fuelled by accessible battery packs, rising demand, and falling prices. Efficiency is increased by lightweight materials like carbon fibre, while safety and thermal management are enhanced by developments in multi-material EV battery housing. The market is growing as a result of growing investments in battery manufacturing and the infrastructure for charging. Growth is also supported by a focus on vehicle safety and consumer awareness.
However, the high cost of materials may be the market's limiting constraint. The price of the materials required to make an electric car's battery housing directly affects how much an electric vehicle costs to manufacture altogether. Electric vehicles may become less affordable relative to Internal Combustion Engine (ICE) vehicles due to the high cost of the material. The need for battery housing for electric vehicles may be hampered by the high cost of designing and producing specialised battery housing. Battery housing is designed and manufactured under strict safety rules to avoid thermal runaway and fires. This rule may present difficulties and expenses for producers.
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Market Competitive Landscape
There are several companies operating worldwide in the fiercely competitive electric vehicle battery housing sector. To obtain a competitive edge, these businesses concentrate on lightweight design, innovative products, and strategic alliances. In this industry, corporations frequently engage in mergers and acquisitions in an effort to broaden their product offerings and geographic reach. The major key players in the Global Electric Vehicle Battery Housing Market are: 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.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Type, By Material, By Cell Format Type |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | 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 |
COVID-19 Impact on Global Electric Vehicle Battery Housing Market
The spread of COVID-19 has a good effect on the global market for battery housing for electric vehicles (EVs). The manufacture and housing of EV batteries were impacted by shortages caused by supply chain disruptions, especially for vital components like lithium-ion batteries. Sales and production of passenger cars increased marginally in spite of these obstacles because of encouraging government regulations and subsidies. Tax credits and other incentives were introduced by certain governments in an effort to stimulate the economy and encourage the use of electric vehicles. Carmakers' aggressive forays into EV component manufacturing have been made easier by these supportive policies, which are intended to lessen the pandemic's detrimental effects on the EV industry as a whole and foster market expansion.
Key Target Audience
- Automobile Manufacturers
- Battery Manufacturers
- Technology Providers
- Research and Development (R&D) Institutions
- Automotive Engineers and Designers
- Consumers and End Users
- Electric Vehicle Infrastructure Providers
- Insurance Companies
- Others
Our in-depth analysis of the Electric Vehicle Battery Housing Market includes the following segments:
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| By Material: |
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| By Cell Format Type: |
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| By Region: |
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Key Topics Covered in the Report
- Global Electric Vehicle Battery Housing Market Size (FY’2023-FY’2033)
- Overview of Global Electric Vehicle Battery Housing Market
- Segmentation of Global Electric Vehicle Battery Housing Market By Vehicle Type (Commercial Vehicles, Passenger Cars, Two Wheelers and Three Wheelers)
- Segmentation of Global Electric Vehicle Battery Housing Market By Material (Aluminum, Carbon Fiber Reinforced Plastic, Glass Fiber Reinforced Plastic, Steel)
- Segmentation of Global Electric Vehicle Battery Housing Market By Cell Format Type (Cylindrical Cell, Pouch Cell, Prismatic Cell)
- Statistical Snap of Global Electric Vehicle Battery Housing Market
- Expansion Analysis of Global Electric Vehicle Battery Housing Market
- Problems and Obstacles in Global Electric Vehicle Battery Housing Market
- Competitive Landscape in the Global Electric Vehicle Battery Housing Market
- Impact of COVID-19 and Demonetization on Global Electric Vehicle Battery Housing Market
- Details on Current Investment in Global Electric Vehicle Battery Housing Market
- Competitive Analysis of Global Electric Vehicle Battery Housing Market
- Prominent Players in the Global Electric Vehicle Battery Housing Market
- SWOT Analysis of Global Electric Vehicle Battery Housing Market
- Global Electric Vehicle Battery Housing Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Electric Vehicle Battery Housing Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Electric Vehicle Battery Housing Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electric Vehicle Battery Housing Market
7. Global Electric Vehicle Battery Housing Market, By Vehicle Type (USD Million)
7.1. Global Electric Vehicle Battery Housing Market Value Share and Forecast, By Vehicle Type, 2023-20337.2. Commercial Vehicles7.3. Passenger Cars7.4. Two Wheelers and Three Wheelers
8. Global Electric Vehicle Battery Housing Market, By Material (USD Million)
8.1. Global Electric Vehicle Battery Housing Market Value Share and Forecast, By Material, 2023-20338.2. Aluminum8.3. Carbon Fiber Reinforced Plastic8.4. Glass Fiber Reinforced Plastic8.5. Steel
9. Global Electric Vehicle Battery Housing Market, By Cell Format Type (USD Million)
9.1. Global Electric Vehicle Battery Housing Market Value Share and Forecast, By Cell Format Type, 2023-20339.2. Cylindrical Cell9.3. Pouch Cell9.4. Prismatic Cell
10. Global Electric Vehicle Battery Housing Market Forecast, 2019-2033 (USD Million)
10.1. Global Electric Vehicle Battery Housing Market Size and Market Share
11. Global Electric Vehicle Battery Housing Market, By Vehicle Type, 2019-2033 (USD Million)
11.1. Global Electric Vehicle Battery Housing Market Size and Market Share By Vehicle Type (2019-2026)11.2. Global Electric Vehicle Battery Housing Market Size and Market Share By Vehicle Type (2027-2033)
12. Global Electric Vehicle Battery Housing Market, By Material, 2019-2033 (USD Million)
12.1. Global Electric Vehicle Battery Housing Market Size and Market Share By Material (2019-2026)12.2. Global Electric Vehicle Battery Housing Market Size and Market Share By Material (2027-2033)
13. Global Electric Vehicle Battery Housing Market, By Cell Format Type, 2019-2033 (USD Million)
13.1. Global Electric Vehicle Battery Housing Market Size and Market Share By Cell Format Type (2019-2026)13.2. Global Electric Vehicle Battery Housing Market Size and Market Share By Cell Format Type (2027-2033)
14. Global Electric Vehicle Battery Housing Market, By Region, 2019-2033 (USD Million)
14.1. Global Electric Vehicle Battery Housing Market Size and Market Share By Region (2019-2026)14.2. Global Electric Vehicle Battery Housing Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific
14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada14.6.2. Mexico14.6.3. United States
14.7. Latin America
14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Constellium SE
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Covestro AG
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Evonik Industries AG
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Lanxess AG
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Magna International, Inc.
15.5.1. Company details
15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Proterial, Ltd.
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. SGL Carbon SE
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Saudi Basic Industries Corporation (SABIC)
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Teijin Limited
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. thyssenkrupp AG
15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Electric Vehicle Battery Housing Market is projected to reach USD 41.66 billion by 2033, growing at a CAGR of 13.62% during the forecast period.
Electric Vehicle Battery Housing Market grew in Market size from 2022. The Market is expected to reach USD 41.66 billion by 2033, at a CAGR of 13.62% during the forecast period.
Electric Vehicle Battery Housing Market CAGR of 13.62% during the forecast period.
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Electric Vehicle Battery Housing Market size is USD 41.66 billion from 2023 to 2033.
Electric Vehicle Battery Housing Market Segment is covered By Vehicle Type, By Material, By Cell Format Type.
The North America is anticipated to have the highest Market share in the Electric Vehicle Battery Housing Market.
The key players in the Market include Companies Covered 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.
The term "electric vehicle (EV) battery housing" describes the protective container that holds the battery pack within an EV.
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