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Electric Vehicle Battery Case Box Market Size By Vehicle Type (PHEV, BEV, E-Bus, E-Truck), By Product Type (Metallic and Non-Metallic), Regions, Segmentation, and Projection till 2029

CAGR: 8.7%Current Market Size: USD 503.9 BillionFastest Growing Region: North America

Largest Market: APACProjection Time: 2022-2029Base Year: 2021

Global Electric Vehicle Battery Case Box Market- Market Overview:

Global Electric Vehicle Battery Case Box market is expected to grow from USD 503.9 billion in 2021 to USD 982.1 billion by 2029, at a CAGR of 8.7% during the Projection period 2022-2029. The growth of this market is mainly driven owing to the increasing number of automobiles around the world.

Making a sturdy battery box or enclosure is one of the many new issues that the expansion of electrification entails. Numerous characteristics of an effective battery housing contribute to the safety of passengers and the battery, help with thermal control, and shield the battery from the harsh conditions under the car and from accidents. The system must be manufactured within the vehicle's budgetary and weight restrictions. The top cover, bottom cover, internal structure, and side-impact crash protection structure are the battery box's four main structural components. The crash structure and the battery frame are shown as the main load-bearing structural elements in the image below. The efficiency of an electric vehicle is significantly influenced by its weight. According to the United States Environmental Protection Agency (EPA), a vehicle's fuel efficiency improves by one to two percent for every 100 pounds of weight removed. For the electric vehicle industry, which is battling to increase energy efficiency and reduce "range anxiety," this presents an opportunity.

Electric Vehicle Battery Case Box Market- By CAGR

Sample Request: - Electric Vehicle Battery Case Box Market

Market Dynamics:

Drivers:                          

  • Lowering the price of EV batteries to meet the need for affordable EVs, which further fuels the demand for electric vehicle battery case box

Due to technological breakthroughs and the mass production of EV batteries in vast quantities, the cost of EV batteries has been declining over the past ten years. As EV batteries are one of the most expensive parts of the car, this has resulted in a fall in the price of EVs. A typical EV battery cost about USD 1,100 per kWh in 2010. However, by 2020, the cost had decreased to around USD 137 per kWh, and by 2021, it had fallen all the way to USD 120. In China, these batteries can be purchased for as little as $100 per kWh. This is brought on by the lower cost of making these batteries, the lower cost of cathode materials, increased production, etc. By 2030, the cost of EV batteries is anticipated to drop to around USD 60 per kWh, which would result in a huge decrease in the cost of EVs, making them more affordable than traditional ICE vehicles.

Restraints:                                             

  • Insufficient infrastructure for EV charging

Few EV charging stations may be found in various nations across the world. As a result, there are fewer public EV charging stations available, which lowers uptake of electric vehicles. Except for a few states, most nations have not been able to install the necessary number of EV charging stations, despite the fact that different nations are in the process of doing so. With a well-developed EV charging network in place all across the world, the demand for EVs is anticipated to rise. Most nations have not yet created such charging infrastructure. The Netherlands has the most EV chargers per 100 kilometres. The Netherlands has the highest density of charging stations, with 19–20 per 100 km.  The UK now only has 3 charging stations per 100 kilometres, but with its 2030 ambitions to phase out the sale of ICE vehicles, the nation is fast increasing its charging stations. Germany, the United Arab Emirates, Japan, Singapore, South Korea, Sweden, France, the United States, and Russia have all accelerated the switch to EVs by installing numerous charging stations.

Opportunities:

  • Government initiatives for EVs

Nations all around the world have established goals to lower automobile emissions by 2030–2050. They have begun pushing the growth of the EV market, its sales, and the associated infrastructure for charging them. For example, the US government spent USD 5 billion in 2017 to support infrastructure for electric vehicle use, such as charging stations. The adoption of EVs is being encouraged by a number of countries through a variety of incentives, including low or no registration costs and exemptions from import taxes, purchase taxes, and road charges.

Challenges:                                           

  • Insufficient EV charging infrastructure standardization

The necessity of standardizing electric vehicle charging stations has been highlighted by factors including diversity in charging loads. EV charging stations might only work with specific voltage kinds. In contrast to DC charging stations, which offer fast charging through 480V AC, AC charging stations offer a voltage of 120V AC through level 1 charging stations and 208/240V AC through level 2 charging stations. Governments must standardize charging infrastructure in order to create a supportive environment and boost EV sales.

Segmentation Analysis:

The global Electric Vehicle Battery Case Box market has been segmented based on product, type, distribution channel, and regions.

By Vehicle Type                                                                              

The vehicle type segment includes PHEV, BEV, E-Bus, and E-Truck. The PHEV segment led the largest share of the electric vehicle battery case box market with a market share of around 32.3% in 2021. The battery of an electric car accounts for the majority of its initial cost. PHEVs often have cheaper initial expenses than BEVs since they have smaller batteries. The lifetime costs will decrease the more you drive electric; therefore, if the PHEV is fully charged and you typically do short journeys, you will be able to drive without using gas. The average driver travels 25.9 miles per day, and 91% of all car trips are under 20 miles, according to the most recent National Household Travel Survey. Most PHEVs now on the market have an electric range of about this. Additionally, there are more PHEVs than BEVs available right now.

By Product Type                                                                             

The product type segment includes metallic and non-metallic. The non-metallic segment led the electric vehicle battery case box market with a market share of around 56.08% in 2021. The increasing adoption of non-metallic materials such as FRP, plastics, and other fuels on the market. Also, liquid batteries are covered with non-metallic battery boxes which boosts the demand for the segment.

Electric Vehicle Battery Case Box Market- By Product Type

By Regional Analysis:

The regions analyzed for the electric vehicle battery case box market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the electric vehicle battery case box market and held the 33.1% share of the market revenue in 2021.

  • Asia Pacific region witnessed a major share. Due to its ability to provide firms significant labour and raw material cost savings, the Asia-Pacific area is growing. In addition, countries like China and India, among others, are where the majority of cars are made. The EV market has also been expanding in Japan and South Korea. Their governments have helped the market flourish by putting in EV charging stations, creating emission standards, setting deadlines for switching from ICE vehicles to full or hybrid EVs, and other measures.
  • North America is anticipated to experience significant growth during the predicted period. The expansion of the market in this area has been fueled by the growing demand for vehicles that perform better, the presence of major automakers, and the growth in the supply of BEV and PHEV.

Global Electric Vehicle Battery Case Box Market- Country Analysis:

  • Germany

Germany's Electric Vehicle Battery Case Box market size was valued at USD 28.5 billion in 2021 and is expected to reach USD 49.7 billion by 2029, at a CAGR of 7.2% from 2022 to 2029.

Germany is making major investments to support the EV market's sales. Thus, a strong growth rate in the sale of electric vehicles is seen in Europe as a result of the large incentives and subsidies. Due to this, demand for parts and machinery used in EV charging has increased. A new vision for a national fast-charging network is anticipated to be developed as part of a partnership between the US energy and transportation departments, with potential longer-term innovations including up to 350 kW of direct current fast charging; this, in turn, drives the market for electric vehicle battery case boxes.

  • China

China’s Electric Vehicle Battery Case Box market size was valued at USD 55.1 billion in 2021 and is expected to reach USD 112.2 billion by 2029, at a CAGR of 9.3% from 2022 to 2029. As a result of region's enormous untapped potential, the market for electric vehicle battery case boxs in China has grown significantly in recent years. The region's demand for electric vehicle battery case boxes is also anticipated to increase as a result of pro-industry government initiatives and rising electric vehicle production.

  • India

India's Electric Vehicle Battery Case Box market size was valued at USD 39.6 billion in 2021 and is expected to reach USD 78.3 billion by 2029, at a CAGR of 8.9% from 2022 to 2029. India is attempting to increase its EV market demand. Since the nation has not yet achieved uniformity in rapid charging techniques, the Indian government has enforced the installation of CHAdeMO and CCS systems. However, this requirement raised the price of installing charging stations. As a result, the government modified the regulations in July 2019 and gave charging station developers the freedom to select their preferred approach.

Key Industry Players Analysis:                                                     

To increase their market position in the global electric vehicle battery case box business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

  • SGL Carbon
  • Novelis Inc.
  • Nemak
  • 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

Latest Development:

  • In February 2021, the top and bottom of an electric vehicle battery container are joined using a patent-pending clip mechanism that was developed by CSP and its parent firm Teijin. This method eliminates the need for bolts. This clip technique enhances the seal, lowers assembly costs, and makes it simpler to service the batteries when necessary. In Manchester, Michigan, CSP Stamping will produce the clips.
  • In December 2020, A brand-new, cutting-edge honeycomb class A panel technology and an advanced, multi-material EV battery container for electric vehicles were unveiled by CSP and its parent firm Teijin.

Report Metrics

Report Attribute 

Details

Study Period

2021-2029

Base year

2021  

CAGR (%)

8.7%

Market Size

2090.0 million 2021

Projection period

2022-2029

Projection unit

Value (USD)

Segments covered

 By Vehicle Type, By Product Type

Report Scope

Revenue Projection, competitive landscape, company ranking, growth factors, and trends

Companies covered

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 among others.

By Vehicle Type

  • PHEV
  • BEV
  • E-Bus
  • E-Truck

By Product Type

  • Metallic
  • Non-Metallic

Regional scope

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Scope of the Report

Global Electric Vehicle Battery Case Box Market by Vehicle Type:

  • PHEV
  • BEV
  • E-Bus
  • E-Truck

Global Electric Vehicle Battery Case Box Market by Type:

  • Metallic
  • Non-Metallic

Global Electric Vehicle Battery Case Box Market by Region:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
  • Asia-Pacific
    • Japan
    • China
    • India
    • Korea
    • Southeast Asia
  • South America
    • Brazil
    • Peru
  • Middle East and Africa
    • UAE
    • South Africa
    • Saudi Arabia

Frequently Asked Questions

Which factors are expected to hamper the growth of the electric vehicle battery case box?

Stringent lead pollution norms, significant import taxes on global EV batteries, and fluctuating raw material prices are expected to hamper this market.

Which region dominated the Electric Vehicle Battery Case Box?

Asia Pacific dominated the electric vehicles battery box market.

What is the key driver of the Electric Vehicle Battery Case Box market?

Increasing research and development across the automotive battery technology, growing consumer preference for pollution-free hybrid and electric vehicles, and major organic and inorganic expansions across several key players are the key factors driving the market.

Which are the leading market players active in the Electric Vehicle Battery Case Box market?

Leading market players active in the global Electric Vehicle Battery Case Box 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 among others.

What will be the market size of the Electric Vehicle Battery Case Box market?

Global Electric Vehicle Battery Case Box market is expected to reach USD 982.1 billion by 2029, at a CAGR of 8.7% from 2022 to 2029.

Political Factors- To protect passenger safety, most governments have enacted laws governing the manufacture of automotive components. Any business that doesn't comply with these demands risk having their licence revoked. Additionally, the business must invest a lot of time in testing before launching, which occasionally costs money. The administrations also want to limit the excessive use of fossil fuels because it increases pollution. To stay in business, the automaker companies must maintain emissions within a predetermined level. A nation's car sector is reliant on import and export policies made by the government. A business may have a higher profit margin if it can import high-quality parts at a reasonable cost.

Economical Factors- People's incomes in both developed and emerging economies are rising daily. Consequently, their ability to spend is increasing as well. It is the cause of the rising demand for automobiles. Because of the taxes that several nations have placed on luxury goods, which have raised their cost, some consumers may decide not to purchase one. In some nations, it can lead to a decline in the demand for luxury automobiles. However, they might attract more customers if several companies release comparably inexpensive cars. The cost of autos will rise if the price of automotive components does as well. It might be the cause of the decline in demand for cars.

Social Factor- Automobiles serve as both transportation and fashion statements. Therefore, when producing new cars, corporations need to take consumers' preferences into account. Otherwise, it can become outdated and might not sell well. The population distribution of a nation affects car sales as well. Big cars like SUVs typically sell well in states with a dense population and large families. Communities' cultures and habits have an impact on the auto industry as well. For instance, nations with good transportation connections might have fewer people who drive their own automobiles. Developed nations also have a propensity to own one or more cars.

Electric Vehicle Battery Case Box Market- By PESTEL

Technological Factors- To maintain public safety, the vehicle industry is incredibly dependent on cutting-edge technology. To make cars as safe as possible, businesses must enhance their technologies. The businesses must concentrate on lowering pollution. They can control the emission rate by utilising contemporary technologies. The businesses must concentrate on lowering pollution. They can control the emission rate by utilising contemporary technologies. Autonomous vehicles are already available on the market. They might therefore face great expectations in the future. The business needs to advertise these electrified and self-driving automobiles so that they may attract more clients.

Environmental Factors- Environmentalists and the government are concerned about the vehicle's emissions. The businesses can produce battery-powered or electric cars, which can aid in reducing pollution, using their most recent technologies. The automotive producer must follow the standards since the governments of the nations are more willing to adopt environmental policies to reduce the level of pollution. It might reduce the profit margin for businesses that make cars. Automobile businesses' research departments must be rigorous in their testing. If a product can pass the stringent pollution tests, they should introduce it to the market.

Legal Factors- To reduce the number of automobiles on the road and so lessen the level of air pollution, several nations have tight restrictions. If it is determined during an accident's forensic investigation that there was a problem with the defective parts or airbags, the corporation may have to face legal action. A vehicle firm that sells its products internationally must follow all applicable tax and environmental regulations. If they don't, the business risked being barred from the nation. The business of the automotive sector may be impacted by national laws and regulations. The majority of nations have regulations for automakers.

  1. Introduction
    • Objectives of the Study
    • Market Definition
    • Research Scope
  2. Research Methodology and Assumptions
  3. Executive Summary
  4. Premium Insights
    • Porter’s Five Forces Analysis
    • Value Chain Analysis
    • Top Investment Pockets
      • Market Attractiveness Analysis By Vehicle Type
      • Market Attractiveness Analysis By Product Type
      • Market Attractiveness Analysis By Region
    • Industry Trends
  5. Market Dynamics
    • Market Evaluation
    • Drivers
      • Lowering the price of EV batteries to meet the need for affordable EVs further fuels the demand for electric vehicle battery case box
    • Restraints
      • Insufficient infrastructure for EV charging
    • Opportunities
      • Government initiatives for EVs
    • Challenges
      • Insufficient EV charging infrastructure standardization
  1. Global Electric vehicle battery case box Market Analysis and Projection, By Vehicle Type
    • Segment Overview
    • PHEV
    • BEV
    • E-Bus
    • E-Truck
  2. Global Electric vehicle battery case box Market Analysis and Projection, By Type
    • Segment Overview
    • Metallic
    • Non-Metallic
  3. Global Electric vehicle battery case box Market Analysis and Projection, By Regional Analysis
    • Segment Overview
    • North America
      • USA
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
    • Asia-Pacific
      • Japan
      • China
      • India
    • South America
      • Brazil
    • Middle East and Africa
      • UAE
      • South Africa
  1. Global Electric vehicle battery case box Market-Competitive Landscape
    • Overview
    • Market Share of Key Players in the Electric vehicle battery case box Market
      • Global Company Market Share
      • North America Company Market Share
      • Europe Company Market Share
      • APAC Company Market Share
    • Competitive Situations and Trends
      • Product Launches and Developments
      • Partnerships, Collaborations, and Agreements
      • Mergers & Acquisitions
      • Expansions
  1. Company Profiles
    • SGL Carbon
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis
    • Novelis Inc.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis
    • Nemak
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis
    • A.B.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis
    • de C.V.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis
    • Constellium SE
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis
    • Gestamp Automocion
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis
    • UACJ Corporation
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis
    • GF Linamar LLC
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis
    • Hanwha Advanced Materials
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

  1. Global Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  2. Global PHEV, Electric vehicle battery case box Market, By Region, 2021–2029(USD Billion)
  3. Global BEV, Electric vehicle battery case box Market, By Region, 2021–2029(USD Billion)
  4. Global E-Bus, Electric vehicle battery case box Market, By Region, 2021–2029(USD Billion)
  5. Global E-Truck, Electric vehicle battery case box Market, By Region, 2021–2029(USD Billion)
  6. Global Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  7. Global Metallic, Electric vehicle battery case box Market, By Region, 2021–2029(USD Billion)
  8. Global Non-Metallic, Electric vehicle battery case box Market, By Region, 2021–2029(USD Billion)
  9. Global Electric vehicle battery case box Market, By Region, 2021–2029(USD Billion)
  10. North America Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  11. North America Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  12. USA Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  13. USA Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  14. Canada Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  15. Canada Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  16. Mexico Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  17. Mexico Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  18. Europe Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  19. Europe Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  20. Germany Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  21. Germany Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  22. France Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  23. France Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  24. UK Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  25. UK Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  26. Italy Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  27. Italy Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  28. Spain Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  29. Spain Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  30. Asia Pacific Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  31. Asia Pacific Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  32. Japan Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  33. Japan Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  34. China Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  35. China Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  36. India Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  37. India Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  38. South America Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  39. South America Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  40. Brazil Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  41. Brazil Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  42. Middle East and Africa Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  43. Middle East and Africa Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  44. UAE Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  45. UAE Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)
  46. South Africa Electric vehicle battery case box Market, By Vehicle Type, 2021–2029(USD Billion)
  47. South Africa Electric vehicle battery case box Market, By Product Type, 2021–2029(USD Billion)

List of Figures 

  1. Global Electric vehicle battery case box Market Segmentation
  2. Electric vehicle battery case box Market: Research Methodology
  3. Market Size Estimation Methodology: Bottom-Up Approach
  4. Market Size Estimation Methodology: Top-Down Approach
  5. Data Triangulation
  6. Porter’s Five Forces Analysis
  7. Value Chain Analysis
  8. Global Electric vehicle battery case box Market Attractiveness Analysis By Vehicle Type
  9. Global Electric vehicle battery case box Market Attractiveness Analysis By Product Type
  10. Global Electric vehicle battery case box Market Attractiveness Analysis By Region
  11. Global Electric vehicle battery case box Market: Dynamics
  12. Global Electric vehicle battery case box Market Share By Vehicle Type (2021 & 2029)
  13. Global Electric vehicle battery case box Market Share By Product Type (2021 & 2029)
  14. Global Electric vehicle battery case box Market Share by Regions (2021 & 2029)
  15. Global Electric vehicle battery case box Market Share by Company (2020)

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