Electric Vehicle Battery Housing Market
PUBLISHED: 2024 ID: SMRC26634
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Electric Vehicle Battery Housing Market

Electric Vehicle Battery Housing Market Forecasts to 2030 - Global Analysis By Vehicle Type (Electric Vehicle, Hybrid & Plug-In Hybrid EV, Passenger Cars and Other Vehicle Types), Battery Type, Material Type, Cell Format Type, Technology, End User and By Geography

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4.8 (37 reviews)
Published: 2024 ID: SMRC26634

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Electric Vehicle Battery Housing Market is accounted for $13.0 billion in 2024 and is expected to reach $25.7 billion by 2030 growing at a CAGR of 11.9% during the forecast period. Electric vehicle (EV) battery housing is the structure or enclosure that houses the battery pack in an electric vehicle. This housing is designed to protect the battery cells from external elements, provide structural support, and ensure safety in case of accidents or impacts. The battery housing is typically made of lightweight yet durable materials such as aluminum, steel, or composite materials. It must also incorporate features for thermal management, such as cooling systems or insulation, to maintain the optimal temperature for the battery cells and prevent overheating.

According to the International Energy Agency, China is leading with the highest battery electric vehicles (BEVs) stock followed by Europe and the United States. In 2020, it was estimated that nearly 3.5 million Battery Electric Vehicles (BEVs) were stocked in China, which reached 6.2 million in 2021.

Market Dynamics: 

Driver

Increasing demand for electric vehicles (EVs)

The market is witnessing a significant surge in demand, driven primarily by the increasing adoption of electric vehicles (EVs) globally. As the automotive industry shifts towards sustainable solutions, the need for efficient and durable battery housings for EVs has escalated. This trend is fueled by environmental concerns, government incentives, and technological advancements in battery technology, indicating a promising growth trajectory for the market during the forecast period.

Restraint:

Limited availability of raw materials


The market faces a significant challenge due to the limited availability of raw materials. As demand for EVs rises, the pressure on resources like lithium, cobalt, and nickel intensifies. This scarcity not only impacts production volumes but also drives up costs, potentially hindering the widespread adoption of EVs. Manufacturers are exploring alternative materials and recycling methods to mitigate this challenge and ensure sustainable growth in the EV industry.

Opportunity:

Need for improved safety features

The growing market necessitates enhanced safety features in battery housing to mitigate potential risks. Innovations such as advanced thermal management systems, robust structural designs, and intelligent monitoring technologies are crucial. These enhancements not only safeguard against thermal runaway and fire hazards but also ensure structural integrity during accidents. Moreover, integrating fail-safe mechanisms and rapid emergency response systems can further bolster safety standards, instilling confidence among consumers and regulators alike.

Threat:

High cost of battery housing

The market faces a significant challenge due to the high cost of battery housing. This cost factor impacts the overall affordability of electric vehicles, hindering their widespread adoption. Manufacturers are actively seeking innovative solutions such as lightweight materials, streamlined production processes, and sustainable practices to mitigate this challenge. Overcoming the high cost of battery housing is crucial for enhancing the competitiveness and sustainability of EVs in the automotive industry.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the Electric Vehicle (EV) Battery Housing market. Supply chain disruptions, reduced consumer demand, and production halts affected the market adversely. However, amidst challenges, there was a notable shift towards sustainable transportation, driving interest in EVs. Governments' stimulus packages and incentives further boosted the EV sector. Despite initial setbacks, the market witnessed resilience and adaptation, fostering innovations in battery technology and manufacturing processes to meet growing EV demands post-pandemic.

The passenger cars segment is expected to be the largest during the forecast period

The passenger cars segment is expected to be the largest during the forecast period. With growing environmental awareness and government initiatives promoting electric mobility, demand for electric passenger cars has surged. This has directly impacted the EV battery housing market, driving innovations in lightweight, durable, and cost-effective housing solutions to accommodate advanced battery technologies. Manufacturers are focusing on enhancing safety standards, optimizing energy efficiency, and integrating smart features to meet the evolving needs of electric passenger car owners.

The polymers segment is expected to have the highest CAGR during the forecast period

The polymers segment is expected to have the highest CAGR during the forecast period due to their lightweight, durable, and cost-effective properties. Polymers like polypropylene (PP), polyethylene (PE), and polycarbonate (PC) are commonly used for battery housings. These materials offer excellent thermal and chemical resistance, ensuring the safety and longevity of EV batteries. Moreover, advancements in polymer composites are enhancing structural integrity and reducing weight, further driving their adoption in the burgeoning EV industry.

Region with largest share:

North America is projected to hold the largest market share during the forecast period due to the increasing adoption of electric vehicles in the region. The market has been growing steadily, driven by government incentives, environmental concerns, and technological advancements in battery technologies. The market is witnessing continuous innovations in battery housing design and materials. Manufacturers are focusing on developing lightweight yet durable housings that can improve the overall performance and range of electric vehicles.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. The market encompasses various materials such as aluminum, steel, and composite materials. Lightweight materials are preferred to enhance vehicle performance and range. Stringent regulations related to emissions and vehicle safety are also driving the demand for EVs and their components, including battery housings. Governments are promoting the adoption of electric mobility through policies and incentives.

Key players in the market

Some of the key players in Electric Vehicle Battery Housing market include Tesla, Inc., Panasonic Corporation, LG Chem, Samsung SDI, Hitachi Chemical Co., Ltd., Johnson Controls International plc, Toshiba Corporation, Envision AESC Group, Gestamp Automocion S.A. , Electrovaya Inc., EnerSys, C&D Technologies, Ecobat Technologies, Exide Technologies, TATA AutoComp Systems Limited, Magna , Northvolt AB and SGL Carbon.

Key Developments:

In January 2024, E-Works Mobility signed a technology partnership with SGL Carbon to supply battery cases made of glass fibre-reinforced plastic. The e-car manufacturer is replacing its currently used aluminum battery boxes with boxes made of glass fibre-reinforced plastic from SGL Carbon.

In July 2023, Magna announced that the company would invest USD 790 million to build the first two supplier facilities at Ford’s BlueOval City supplier park in Stanton, Tennessee, and a stamping and assembly facility in Lawrenceburg, Tennessee.

In January 2023 , Gestamp Automocion S.A. (Gestamp) announced its fourth hot stamping line in India and presented for the second time its range of products and innovations for new mobility at the Indian Auto Expo 2023.

Vehicle Types Covered:
• Electric Vehicle
• Hybrid & Plug-In Hybrid EV
• Passenger Cars
• Commercial Vehicles
• Other Vehicle Types

Battery Types Covered:
• Lithium-ion (Li-ion) Batteries
• Nickel-metal hydride (NiMH) Batteries
• Solid-State Batteries 

Material Types Covered:
• Aluminum
• Steel
• Composite materials
• Polymers 
• Glass Fiber-Reinforced Polymer
• Carbon Fiber Reinforced Polymer
• Other Material Types 

Cell Format Types Covered:
• Cylindrical Cell
• Prismatic Cell
• Pouch Cell 

Technologies Covered:
• Conventional Battery Housings
• Advanced Thermal Management Systems
• Modular Battery Housing Designs
• Other Technologies 

End Users Covered:
• Aerospace and Defense
• Marine
• Industrial Machinery
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Technology Analysis   
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Electric Vehicle Battery Housing Market, By Vehicle Type
 5.1 Introduction    
 5.2 Electric Vehicle    
 5.3 Hybrid & Plug-In Hybrid EV   
 5.4 Passenger Cars    
 5.5 Commercial Vehicles   
 5.6 Other Vehicle Types   
       
6 Global Electric Vehicle Battery Housing Market, By Battery Type
 6.1 Introduction    
 6.2 Lithium-ion (Li-ion) Batteries   
 6.3 Nickel-metal hydride (NiMH) Batteries  
 6.4 Solid-State Batteries   
       
7 Global Electric Vehicle Battery Housing Market, By Material Type
 7.1 Introduction    
 7.2 Aluminum    
 7.3 Steel     
 7.4 Composite materials   
 7.5 Polymers     
 7.6 Glass Fiber-Reinforced Polymer  
 7.7 Carbon Fiber Reinforced Polymer  
 7.8 Other Material Types   
       
8 Global Electric Vehicle Battery Housing Market, By Cell Format Type
 8.1 Introduction    
 8.2 Cylindrical Cell    
 8.3 Prismatic Cell    
 8.4 Pouch Cell    
       
9 Global Electric Vehicle Battery Housing Market, By Technology
 9.1 Introduction    
 9.2 Conventional Battery Housings  
 9.3 Advanced Thermal Management Systems 
 9.4 Modular Battery Housing Designs  
 9.5 Other Technologies    
       
10 Global Electric Vehicle Battery Housing Market, By End User 
 10.1 Introduction    
 10.2 Aerospace and Defense   
 10.3 Marine     
 10.4 Industrial Machinery   
 10.5 Other End Users    
       
11 Global Electric Vehicle Battery Housing Market, By Geography
 11.1 Introduction    
 11.2 North America    
  11.2.1 US    
  11.2.2 Canada    
  11.2.3 Mexico    
 11.3 Europe     
  11.3.1 Germany    
  11.3.2 UK    
  11.3.3 Italy    
  11.3.4 France    
  11.3.5 Spain    
  11.3.6 Rest of Europe   
 11.4 Asia Pacific    
  11.4.1 Japan    
  11.4.2 China    
  11.4.3 India    
  11.4.4 Australia    
  11.4.5 New Zealand   
  11.4.6 South Korea   
  11.4.7 Rest of Asia Pacific   
 11.5 South America    
  11.5.1 Argentina   
  11.5.2 Brazil    
  11.5.3 Chile    
  11.5.4 Rest of South America  
 11.6 Middle East & Africa   
  11.6.1 Saudi Arabia   
  11.6.2 UAE    
  11.6.3 Qatar    
  11.6.4 South Africa   
  11.6.5 Rest of Middle East & Africa  
       
12 Key Developments     
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
 12.2 Acquisitions & Mergers   
 12.3 New Product Launch   
 12.4 Expansions    
 12.5 Other Key Strategies   
       
13 Company Profiling     
 13.1 Tesla, Inc.    
 13.2 Panasonic Corporation   
 13.3 LG Chem     
 13.4 Samsung SDI    
 13.5 Hitachi Chemical Co., Ltd.   
 13.6 Johnson Controls International plc  
 13.7 Toshiba Corporation   
 13.8 Envision AESC Group   
 13.9 Gestamp Automocion S.A.    
 13.10 Electrovaya Inc.    
 13.11 EnerSys     
 13.12 C&D Technologies    
 13.13 Ecobat Technologies   
 13.14 Exide Technologies    
 13.15 TATA AutoComp Systems Limited  
 13.16 Magna      
 13.17 Northvolt AB    
 13.18 SGL Carbon     
       
List of Tables      
1 Global Electric Vehicle Battery Housing Market Outlook, By Region (2022-2030) ($MN)
2 Global Electric Vehicle Battery Housing Market Outlook, By Vehicle Type (2022-2030) ($MN)
3 Global Electric Vehicle Battery Housing Market Outlook, By Electric Vehicle (2022-2030) ($MN)
4 Global Electric Vehicle Battery Housing Market Outlook, By Hybrid & Plug-In Hybrid EV (2022-2030) ($MN)
5 Global Electric Vehicle Battery Housing Market Outlook, By Passenger Cars (2022-2030) ($MN)
6 Global Electric Vehicle Battery Housing Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
7 Global Electric Vehicle Battery Housing Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
8 Global Electric Vehicle Battery Housing Market Outlook, By Battery Type (2022-2030) ($MN)
9 Global Electric Vehicle Battery Housing Market Outlook, By Lithium-ion (Li-ion) Batteries (2022-2030) ($MN)
10 Global Electric Vehicle Battery Housing Market Outlook, By Nickel-metal hydride (NiMH) Batteries (2022-2030) ($MN)
11 Global Electric Vehicle Battery Housing Market Outlook, By Solid-State Batteries (2022-2030) ($MN)
12 Global Electric Vehicle Battery Housing Market Outlook, By Material Type (2022-2030) ($MN)
13 Global Electric Vehicle Battery Housing Market Outlook, By Aluminum (2022-2030) ($MN)
14 Global Electric Vehicle Battery Housing Market Outlook, By Steel (2022-2030) ($MN)
15 Global Electric Vehicle Battery Housing Market Outlook, By Composite materials (2022-2030) ($MN)
16 Global Electric Vehicle Battery Housing Market Outlook, By Polymers  (2022-2030) ($MN)
17 Global Electric Vehicle Battery Housing Market Outlook, By Glass Fiber-Reinforced Polymer (2022-2030) ($MN)
18 Global Electric Vehicle Battery Housing Market Outlook, By Carbon Fiber Reinforced Polymer (2022-2030) ($MN)
19 Global Electric Vehicle Battery Housing Market Outlook, By Other Material Types (2022-2030) ($MN)
20 Global Electric Vehicle Battery Housing Market Outlook, By Cell Format Type (2022-2030) ($MN)
21 Global Electric Vehicle Battery Housing Market Outlook, By Cylindrical Cell (2022-2030) ($MN)
22 Global Electric Vehicle Battery Housing Market Outlook, By Prismatic Cell (2022-2030) ($MN)
23 Global Electric Vehicle Battery Housing Market Outlook, By Pouch Cell (2022-2030) ($MN)
24 Global Electric Vehicle Battery Housing Market Outlook, By Technology (2022-2030) ($MN)
25 Global Electric Vehicle Battery Housing Market Outlook, By Conventional Battery Housings (2022-2030) ($MN)
26 Global Electric Vehicle Battery Housing Market Outlook, By Advanced Thermal Management Systems (2022-2030) ($MN)
27 Global Electric Vehicle Battery Housing Market Outlook, By Modular Battery Housing Designs (2022-2030) ($MN)
28 Global Electric Vehicle Battery Housing Market Outlook, By Other Technologies (2022-2030) ($MN)
29 Global Electric Vehicle Battery Housing Market Outlook, By End User (2022-2030) ($MN)
30 Global Electric Vehicle Battery Housing Market Outlook, By Aerospace and Defense (2022-2030) ($MN)
31 Global Electric Vehicle Battery Housing Market Outlook, By Marine (2022-2030) ($MN)
32 Global Electric Vehicle Battery Housing Market Outlook, By Industrial Machinery (2022-2030) ($MN)
33 Global Electric Vehicle Battery Housing Market Outlook, By Other End Users (2022-2030) ($MN)
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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