Electric Vehicle Battery Recycling Market Size and Share 2034
Electric Vehicle Battery Recycling Market Growth, Size, Trends Analysis - By Type, By Vehicle Type, By Source - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: AMIN2558 | Pages: 1 - 257 | Formats*: |
| Category : Automotive & Transportation | |||
Electric Vehicle Battery Recycling Market Introduction and Overview
According to SPER Market Research, the Global Electric Vehicle Battery Recycling Market is estimated to reach USD 74.28 billion by 2034 with a CAGR of 61.91%.
The report includes an in-depth analysis of the Global Electric Vehicle Battery Recycling Market, including market size and trends, product mix, Applications, and supplier analysis. The global market for electric vehicle battery recycling was valued at USD 0.6 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 61.91% from 2025 to 2034. This market is progressing due to the rising demand from electric vehicle (EV) manufacturers and governmental organizations to recycle waste produced by the automotive sector.
By Type Insights:
In 2024, lithium-ion batteries represented the largest market share, primarily due to their increasing application in electric vehicles, attributed to their superior thermal and chemical stability. This characteristic is expected to further enhance the demand for EV battery recycling in the upcoming years. Additionally, Chinese manufacturers have been utilizing this type of battery in electric vehicles, thanks to its advantageous properties and the readily available raw materials for its production within China. These elements are projected to stimulate the growth of lithium-ion battery recycling throughout the forecast period.
By Vehicle Type Insights:
In 2024, passenger cars held the predominant market share, driven by the rising demand and investment in the production of electric passenger vehicles. Numerous government-backed initiatives, including tax incentives, grants, and various non-financial benefits such as access to carpool lanes, are expected to significantly boost the demand for electric passenger cars, thereby propelling the market for EV battery recycling during the forecast period.
By Source Insights:
The production scrap segment captured the largest revenue share in 2024, due to the increasing shift towards electric vehicle manufacturing in nations such as the U.S., China, and the UK. A significant portion of the battery materials suitable for recycling originates from cells in consumer electronics, such as those used in laptops and other household appliances, as well as manufacturing scrap from defective batteries that do not meet quality control standards.
Regional Insights:
In 2024, the Asia Pacific region held the largest revenue share in the EV battery recycling market. It is anticipated that this region will experience significant growth in the market for recycled lithium-ion batteries throughout the forecast period. India and China are expected to see considerable advancements, driven by rapid developments in the production and recycling of lithium-ion batteries, as well as the overall growth of the industry.
North America secured the second-largest revenue share, attributed to the increasing sales of electric vehicles and consumer electronics in nations such as the U.S., Canada, and Mexico. The rising demand for electric vehicles, fueled by growing consumer awareness regarding the advantages of reducing carbon emissions, is projected to propel the growth of the regional market.
Market Competitive Landscape:
The Electric Vehicle Battery Recycling Market is experiencing notable competitive dynamics due to increasing environmental regulations, a rise in electric vehicle adoption, and the pressing necessity to create sustainable recycling methods for battery materials. This market features several key players who are working to position themselves through innovative recycling technologies, strategic partnerships, and the establishment of efficient supply chains. The competitive environment is changing swiftly as companies aim to take advantage of the surging demand for battery recycling solutions that focus on recovering essential materials such as lithium, nickel, and cobalt.
Recent Developments:
In September 2024, SK Tes inaugurated a lithium-ion and EV battery recycling facility in the Netherlands. This plant is designed to process up to 10,000 metric tons of battery materials each year.
In June 2024, Fortum entered into a preliminary agreement and signed a Memorandum of Understanding (MoU) with Marubeni Corporation to collaboratively develop a sustainable lithium-ion battery recycling chain, with an emphasis on graphite recycling.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Vehicle Type, By Source |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Battery Solutions LL, Gopher Resource LLC, Ecobat Logistics, Terrapure BR Ltd, East Penn Manufacturing Company, Retriev Technologies, COM2 Recycling Solutions, Call2Recycle, Exide Technologies, Gravita India Ltd. |
- Global Electric Vehicle Battery Recycling Market Size (FY 2021-FY 2034)
- Overview of Global Electric Vehicle Battery Recycling Market
- Segmentation of Global Electric Vehicle Battery Recycling Market By Type (Lithium-ion, Lead Acid, Others)
- Segmentation of Global Electric Vehicle Battery Recycling Market By Vehicle Type (Passenger Cars, Buses, Vans, Others)
- Segmentation of Global Electric Vehicle Battery Recycling Market By Source (End of life, Production Scrap)
- Statistical Snap of Global Electric Vehicle Battery Recycling Market
- Expansion Analysis of Global Electric Vehicle Battery Recycling Market
- Problems and Obstacles in Global Electric Vehicle Battery Recycling Market
- Competitive Landscape in the Global Electric Vehicle Battery Recycling Market
- Details on Current Investment in Global Electric Vehicle Battery Recycling Market
- Competitive Analysis of Global Electric Vehicle Battery Recycling Market
- Prominent Players in the Global Electric Vehicle Battery Recycling Market
- SWOT Analysis of Global Electric Vehicle Battery Recycling Market
- Global Electric Vehicle Battery Recycling Market Future Outlook and Projections (FY 2025-FY 2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 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. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Electric Vehicle Battery Recycling Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electric Vehicle Battery Recycling Market
7. Global Electric Vehicle Battery Recycling Market, By Type (USD Million) 2021-2034
- 7.1. Lithium-ion
- 7.2. Lead Acid
- 7.3. Others
8. Global Electric Vehicle Battery Recycling Market, By Vehicle Type (USD Million) 2021-2034
- 8.1. Passenger Cars
- 8.2. Buses
- 8.3. Vans
- 8.4. Others
9. Global Electric Vehicle Battery Recycling Market, By Source (USD Million) 2021-2034
- 9.1. End of life
- 9.2. Production Scrap
10. Global Electric Vehicle Battery Recycling Market, (USD Million) 2021-2034
- 10.1. Global Electric Vehicle Battery Recycling Market Size and Market Share
11. Global Electric Vehicle Battery Recycling Market, By Region, (USD Million) 2021-2034
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. Battery Solutions LLC
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Gopher Resource LLC
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Ecobat Logistics
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Terrapure BR Ltd
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. East Penn Manufacturing Company
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Retriev Technologies
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. COM2 Recycling Solutions
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Call2Recycle
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Exide Technologies
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Gravita India Ltd
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
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 Recycling Market is projected to reach USD 74.28 billion by 2034, growing at a CAGR of of 61.91% during the forecast period.
Electric Vehicle Battery Recycling Market grew in Market size from 2025. The Market is expected to reach USD 74.28 billion by 2034, at a CAGR of 61.91% during the forecast period.
Electric Vehicle Battery Recycling Market CAGR of 61.91% during the forecast period.
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Electric Vehicle Battery Recycling Market size is USD 74.28 billion from 2025 to 2034.
Electric Vehicle Battery Recycling Market is covered By Type, By Vehicle Type, By Source
The North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa is the highest Market share in the Electric Vehicle Battery Recycling Market .
Battery Solutions LL, Gopher Resource LLC, Ecobat Logistics, Terrapure BR Ltd, East Penn Manufacturing Company, Retriev Technologies, COM2 Recycling Solutions, Call2Recycle, Exide Technologies, Gravita India Ltd.
The report includes an in-depth analysis of the Global Electric Vehicle Battery Recycling Market, including market size and trends, product mix, Applications, and supplier analysis.
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