Market Executive Summary

The global EV Battery Recycling market is expected to grow from approximately USD 0.60 billion in 2024 to nearly USD 24.15 billion by 2035, registering a CAGR of around 40.3% during the forecast period.

Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.

Report Includes:

This definitive report equips business leaders, decision-makers and stakeholders with a 360° view of the global EV Battery Recycling market across value chain. It analyzes historical revenue data (2020–2024) and delivers forecasts through 2031, illuminating demand trends and growth drivers. 

By segmenting the market by Type and by Application, the study quantifies market size, growth rates, niche opportunities, and substitution risks, and analyzes downstream customers distribution pattern.

Granular regional insights cover five major markets - North America, Europe, APAC, South America, and MEA with in?depth analysis of 20+ countries, detailing dominant products, competitive landscape, and downstream demand trends.

Critical competitive intelligence profiles players - revenue, margins, pricing strategies, and major customers and dissects the top-player positioning across product lines, applications, and regions to reveal strategic strengths.

A concise Industry?chain overview maps upstream, middlestream, and downstream distribution dynamics to identify strategic gaps and unmet demand.

Global EV Battery Recycling Companies Covered

Umicore, Tesla, Nissan, Toyota, BMW, Honda, Li-Cycle, BYD, Ford, Hyundai/Kia, Umicore N.V., Johnson, Controls, Inc.

Global EV Battery Recycling Market, by Region

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global EV Battery Recycling Market, Segment by Type

Nickel–cadmium Battery

nickel–metal Hydride Battery

lithium-ion Battery

lithium Polymer Battery

lead-acid Battery

Global EV Battery Recycling Market, Segment by Application

Automotive Enterprises

Battery Enterprises

Other

Chapter Outline

Chapter 1: Defines the EV Battery Recycling study scope, segments the market by Type and by Application, etc, highlights segment size and growth potential. 

Chapter 2: Offers current market state, projects global revenue and sales to 2031, pinpointing high consumption regions and emerging market catalysts

Chapter 3: Dissects the player landscape - ranks by revenue and profitability, details Player performance by product type and evaluates concentration alongside M&A moves.

Chapter 4: Unlocks high margin product segments - compares revenue, ASP, and technology differentiators, highlighting growth niches and substitution risks

Chapter 5: Targets downstream market opportunities - evaluates market size by Application, identifies emerging use cases, and profiles leading customers by region and by Application.

Chapter 6: North America - breaks down market size by Type, by Application and country, profiles key players and assesses growth drivers and barriers.

Chapter 7: Europe - analyses regional market by Type, by Application and players, flagging drivers and barriers.

Chapter 8: Asia Pacific - quantifies market size by Type, by Application, and region/country, profiles top players, and uncovers high potential expansion areas.

Chapter 9: Central & South America - measures market size by Type,  by Application, and country, profiles top players, and identifies investment opportunities and challenges.

Chapter 10: Middle East and Africa - evaluates market size by Type,  by Application, and country, profiles key players, and outlines investment prospects and market hurdles

Chapter 11: Profiles players in depth - details product specs, revenue, margins; top-tier players 2024 sales breakdowns by product type, by Application, by region SWOT analysis, and recent strategic developments.

Chapter 12: Industry chain - analyses upstream, cost drivers, plus downstream channels.

Chapter 13: Market dynamics - explores drivers, restraints, regulatory impacts, and risk mitigation strategies.

Chapter 14: Actionable conclusions and strategic recommendations.