The Electric Vehicle Battery Recycling Market size was valued at USD 8.98 billion in 2023 and is expected to reach USD 57.04 billion by 2031 and grow at a CAGR of 26% over the forecast period 2024-2031.
The growth of Electric Vehicle Battery Recycling Market is driven by the environmental worries, stricter battery recycling rules, and concerns about running out of resources. Discarded batteries contain hazardous materials that can contaminate soil and water if not disposed of properly. Recycling these batteries allows us to extract valuable metals and minerals like lithium, cobalt, and nickel. These recovered materials can then be used in the production of new batteries, significantly reducing the need for virgin materials. This focus on recycled materials has a positive impact on the environment. Mining for new battery components is an energy-intensive process that generates significant CO2 emissions. By utilizing recycled metals, we can lower the overall environmental footprint associated with battery production. The rise of electric vehicles (EVs) has further highlighted the importance of battery recycling. Unlike traditional gasoline-powered cars, EVs rely on large, rechargeable batteries to power their motors. These batteries, though highly efficient, eventually reach the end of their usable life and need to be replaced.
Get More Information on Electric Vehicle Battery Recycling Market - Request Sample Report
KEY DRIVERS:
Rising Demand for Recycled Materials and Batteries Fuels Growth in Electric Vehicle Battery Recycling Market
The growing demand for recycled materials and batteries is expected to fuel innovation in recycling technologies. Rising costs of raw materials and consumer preference for eco-friendly products are creating new opportunities in the battery recycling market. This shift towards recycled materials is driven by a global focus on sustainability, environmental responsibility, and the scarcity of natural resources. This trend is expected to significantly impact the electric vehicle battery recycling sector, as it becomes increasingly important to recover valuable materials from spent batteries.
RESTRAINTS:
Complexities in Extracting Materials from Used Batteries Limit Recycling Efficiency
Extracting valuable materials from used electric vehicle batteries presents a significant hurdle for the recycling industry. Unlike traditional manufacturing processes with well-defined components, used batteries are a complex mix of materials. This intricate composition makes separation and purification difficult, resulting in lower recycling efficiency. Recovering a higher percentage of these valuable resources, such as lithium and cobalt, is crucial for a sustainable and cost-effective electric vehicle battery lifecycle. Researchers are actively developing new techniques to overcome these problems and unlock the full potential of battery recycling.
Safety Concerns Around Storage and Transportation of Spent Batteries Hinder Market Growth
OPPORTUNITIES:
Rising Battery Demand Creates Lucrative Market for Recycled Materials in Electric Vehicle Battery Recycling
Technological Advancements Promise More Efficient and Cost-Effective Electric Vehicle Battery Recycling
CHALLENGES:
Safety Concerns Around Handling Spent Batteries Limit Market Growth
Immature Technology Restricts Profitability of Electric Vehicle Battery Recycling
The war in Russia-Ukraine has disrupted the Electric Vehicle Battery Recycling Market. Disruptions to the global supply chain, particularly for key battery materials like nickel around 50%, have caused a bad effect. This price increase makes recycling less economically attractive in the short term, as the cost of recovering materials may not offset the cost of purchasing them new. The Russia is a major producer of some battery metals, and sanctions or export restrictions could further limit access to these resources. The price volatility of raw materials underscores the need for a more secure and sustainable supply chain. This could incentivize investment in research and development of more efficient recycling technologies, allowing for greater recovery of valuable materials from spent batteries. Thus, the geopolitical situation could push countries towards self-sufficiency in battery metals, accelerating the development of domestic recycling infrastructure and creating new opportunities within the Electric Vehicle Battery Recycling Market.
An economic slowdown can disrupt the electric vehicle battery recycling market in a few key ways. A decrease in consumer spending can lead to a decline in electric vehicle sales. This can translate to fewer new electric vehicles being sold, directly impacting the flow of used batteries entering the recycling stream. The economic downturns often lead to limited budgets, impacting investments in new technologies. The electric vehicle battery recycling industry is still relatively young, and advancements in recycling technology are crucial for improving efficiency and profitability. With less capital available, research and development efforts might slow down, hindering the development of more efficient recycling processes. The economic slowdowns can put pressure on commodity prices, including the very materials recovered through battery recycling. Thus, the price of lithium, a key component in electric vehicle batteries, might fall due to lower demand.
By Battery Chemistry Type:
Lithium Iron Phosphate
Lithium Manganese Oxide
Lithium Nickel Manganese Cobalt
Lithium Titanate Oxide
Lithium Nickel Cobalt Aluminium Oxide
Lithium Iron Phosphate (LFP) is the dominating sub-segment in the Electric Vehicle Battery Recycling Market by battery chemistry type holding around 40-50% of market share. LFP batteries are widely used in electric vehicles due to their safety, long lifespan, and good thermal stability. This high adoption rate translates to a larger volume of LFP batteries reaching the end of their life, making them the dominant segment in recycling.
By Process:
Pyrometallurgy Process
Hydrometallurgy Process
Physical/Mechanical Process
Pyrometallurgy Process is the dominating sub-segment in the Electric Vehicle Battery Recycling Market by process holding around 60-65% of market share. Pyrometallurgy is a high-temperature process that efficiently recovers various metals from batteries. However, it can be energy-intensive and may raise environmental concerns.
By Sources:
Passenger
Commercial
E-bikes
E-bikes is the dominating sub-segment in the Electric Vehicle Battery Recycling Market by sources. E-bikes are experiencing a significant surge in popularity due to their affordability and convenience. This rapid growth translates to a large volume of used e-bike batteries entering the recycling stream, making them the current leader in this segment.
REGIONAL ANALYSIS:
The Asia Pacific is the dominating region in the Electric Vehicle Battery Recycling Market holding around 40-45% of market share, fueled by the growing electric vehicle market in China, Japan, and South Korea. This translates to a massive influx of used batteries in need of recycling. The supportive government initiatives and a well-established battery production base solidify Asia's leadership.
Europe is the second highest region in this market, driven by stringent regulations on battery waste and a strong societal focus on sustainability. Their growing electric vehicle market further emphasizes the need for robust recycling capabilities.
Get Customized Report as per your Business Requirement - Request For Customized Report
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are ERAMET, Contemporary Amperex Technology Co., Limited, Glencore , Stena Recycling, Ace Green Recycling, Inc., Li-Cycle Corp. (Canada), Fortum, Umicore N.V.(Belgium), Neometals Ltd, Redwood Materials Inc. and other key players.
In Sept. 2022: Umicore and PowerCo join forces to build a European production hub for battery materials. Starting in 2025, the venture will supply PowerCo's factories and could expand into battery recycling using Umicore's expertise.
In Nov. 2022: Li-Cycle has partnered with Vietnamese battery manufacturer Vines Energy Solutions, a subsidiary of Vingroup. This deal grants Vines access to Li-Cycle's industry-leading battery recycling technology.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 8.98 Billion |
Market Size by 2031 | US$ 57.04 Billion |
CAGR | CAGR of 26% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments |
• By Battery Chemistry Type (Lithium Iron Phosphate, Lithium Manganese Oxide, Lithium Nickel Manganese Cobalt, Lithium Titanate Oxide, Lithium Nickel Cobalt Aluminum Oxide) • By Sources (Passenger, Commercial, E-bikes) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | ERAMET, Contemporary Amperex Technology Co., Limited, Glencore , Stena Recycling, Ace Green Recycling, Inc., Li-Cycle Corp. (Canada), Fortum, Umicore N.V.(Belgium), Neometals Ltd, Redwood Materials Inc |
Key Drivers | •The global industry for recycling electric vehicle batteries is exploding. •Development of transportation infrastructure. |
RESTRAINTS | •The global industry for recycling electric vehicle batteries is exploding. •Development of transportation infrastructure. |
USD 8.98 Billion is the market value in 2023.
The COVID-19 having negative impact on the market the detailed study is provide on final report.
The Asia Pacific region high share of the Electric Vehicle Battery Recycling Market
The forecast period of the Electric Vehicle Battery Recycling Market is 2024-2031.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
9.1 Introduction
9.2 Trend Analysis
9.3 Lithium Iron Phosphate
9.4 Lithium Manganese Oxide
9.5 Lithium Nickel Manganese Cobalt
9.6 Lithium Titanate Oxide
9.7 Lithium Nickel Cobalt Aluminium Oxide
10. Electric Vehicle Battery Recycling Market Segmentation, By Process
10.1 Introduction
10.2 Trend Analysis
10.3 Pyrometallurgy Process
10.4 Hydrometallurgy Process
10.5 Physical/Mechanical Process
11. Electric Vehicle Battery Recycling Market Segmentation, By Sources
11.1 Introduction
11.2 Trend Analysis
11.3 Passenger
11.4 Commercial
11.5 E-bikes
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Electric Vehicle Battery Recycling Market, By Country
12.2.3 North America Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.2.4 North America Electric Vehicle Battery Recycling Market Segmentation, By Process
12.2.5 North America Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.2.6 USA
12.2.6.1 USA Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.2.6.2 USA Electric Vehicle Battery Recycling Market Segmentation, By Process
12.2.6.3 USA Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.2.7 Canada
12.2.7.1 Canada Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.2.7.2 Canada Electric Vehicle Battery Recycling Market Segmentation, By Process
12.2.7.3 Canada Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.2.8 Mexico
12.2.8.1 Mexico Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.2.8.2 Mexico Electric Vehicle Battery Recycling Market Segmentation, By Process
12.2.8.3 Mexico Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Electric Vehicle Battery Recycling Market, By Country
12.3.2.2 Eastern Europe Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.2.3 Eastern Europe Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.2.4 Eastern Europe Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.2.5 Poland
12.3.2.5.1 Poland Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.2.5.2 Poland Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.2.5.3 Poland Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.2.6 Romania
12.3.2.6.1 Romania Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.2.6.2 Romania Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.2.6.4 Romania Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.2.7 Hungary
12.3.2.7.1 Hungary Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.2.7.2 Hungary Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.2.7.3 Hungary Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.2.8 Turkey
12.3.2.8.1 Turkey Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.2.8.2 Turkey Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.2.8.3 Turkey Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.2.9.2 Rest of Eastern Europe Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.2.9.3 Rest of Eastern Europe Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.3 Western Europe
12.3.3.1 Western Europe Electric Vehicle Battery Recycling Market, By Country
12.3.3.2 Western Europe Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.3.3 Western Europe Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.3.4 Western Europe Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.3.5 Germany
12.3.3.5.1 Germany Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.3.5.2 Germany Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.3.5.3 Germany Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.3.6 France
12.3.3.6.1 France Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.3.6.2 France Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.3.6.3 France Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.3.7 UK
12.3.3.7.1 UK Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.3.7.2 UK Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.3.7.3 UK Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.3.8 Italy
12.3.3.8.1 Italy Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.3.8.2 Italy Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.3.8.3 Italy Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.3.9 Spain
12.3.3.9.1 Spain Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.3.9.2 Spain Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.3.9.3 Spain Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.3.10.2 Netherlands Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.3.10.3 Netherlands Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.3.11.2 Switzerland Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.3.11.3 Switzerland Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.3.1.12 Austria
12.3.3.12.1 Austria Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.3.12.2 Austria Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.3.12.3 Austria Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.3.3.13.2 Rest of Western Europe Electric Vehicle Battery Recycling Market Segmentation, By Process
12.3.3.13.3 Rest of Western Europe Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Electric Vehicle Battery Recycling Market, By Country
12.4.3 Asia-Pacific Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.4.4 Asia-Pacific Electric Vehicle Battery Recycling Market Segmentation, By Process
12.4.5 Asia-Pacific Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.4.6 China
12.4.6.1 China Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.4.6.2 China Electric Vehicle Battery Recycling Market Segmentation, By Process
12.4.6.3 China Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.4.7 India
12.4.7.1 India Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.4.7.2 India Electric Vehicle Battery Recycling Market Segmentation, By Process
12.4.7.3 India Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.4.8 Japan
12.4.8.1 Japan Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.4.8.2 Japan Electric Vehicle Battery Recycling Market Segmentation, By Process
12.4.8.3 Japan Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.4.9 South Korea
12.4.9.1 South Korea Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.4.9.2 South Korea Electric Vehicle Battery Recycling Market Segmentation, By Process
12.4.9.3 South Korea Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.4.10 Vietnam
12.4.10.1 Vietnam Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.4.10.2 Vietnam Electric Vehicle Battery Recycling Market Segmentation, By Process
12.4.10.3 Vietnam Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.4.11 Singapore
12.4.11.1 Singapore Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.4.11.2 Singapore Electric Vehicle Battery Recycling Market Segmentation, By Process
12.4.11.3 Singapore Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.4.12 Australia
12.4.12.1 Australia Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.4.12.2 Australia Electric Vehicle Battery Recycling Market Segmentation, By Process
12.4.12.3 Australia Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.4.13.2 Rest of Asia-Pacific Electric Vehicle Battery Recycling Market Segmentation, By Process
12.4.13.3 Rest of Asia-Pacific Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Electric Vehicle Battery Recycling Market, By Country
12.5.2.2 Middle East Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.5.2.3 Middle East Electric Vehicle Battery Recycling Market Segmentation, By Process
12.5.2.4 Middle East Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.5.2.5 UAE
12.5.2.5.1 UAE Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.5.2.5.2 UAE Electric Vehicle Battery Recycling Market Segmentation, By Process
12.5.2.5.3 UAE Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.5.2.6 Egypt
12.5.2.6.1 Egypt Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.5.2.6.2 Egypt Electric Vehicle Battery Recycling Market Segmentation, By Process
12.5.2.6.3 Egypt Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.5.2.7.2 Saudi Arabia Electric Vehicle Battery Recycling Market Segmentation, By Process
12.5.2.7.3 Saudi Arabia Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.5.2.8 Qatar
12.5.2.8.1 Qatar Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.5.2.8.2 Qatar Electric Vehicle Battery Recycling Market Segmentation, By Process
12.5.2.8.3 Qatar Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.5.2.9.2 Rest of Middle East Electric Vehicle Battery Recycling Market Segmentation, By Process
12.5.2.9.3 Rest of Middle East Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.5.3 Africa
12.5.3.1 Africa Electric Vehicle Battery Recycling Market, By Country
12.5.3.2 Africa Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.5.3.3 Africa Electric Vehicle Battery Recycling Market Segmentation, By Process
12.5.3.4 Africa Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.5.3.5.2 Nigeria Electric Vehicle Battery Recycling Market Segmentation, By Process
12.5.3.5.3 Nigeria Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.5.3.6 South Africa
12.5.3.6.1 South Africa Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.5.3.6.2 South Africa Electric Vehicle Battery Recycling Market Segmentation, By Process
12.5.3.6.3 South Africa Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.5.3.7.2 Rest of Africa Electric Vehicle Battery Recycling Market Segmentation, By Process
12.5.3.7.3 Rest of Africa Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Electric Vehicle Battery Recycling Market, By Country
12.6.3 Latin America Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.6.4 Latin America Electric Vehicle Battery Recycling Market Segmentation, By Process
12.6.5 Latin America Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.6.6 Brazil
12.6.6.1 Brazil Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.6.6.2 Brazil Electric Vehicle Battery Recycling Market Segmentation, By Process
12.6.6.3 Brazil Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.6.7 Argentina
12.6.7.1 Argentina Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.6.7.2 Argentina Electric Vehicle Battery Recycling Market Segmentation, By Process
12.6.7.3 Argentina Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.6.8 Colombia
12.6.8.1 Colombia Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.6.8.2 Colombia Electric Vehicle Battery Recycling Market Segmentation, By Process
12.6.8.3 Colombia Electric Vehicle Battery Recycling Market Segmentation, By Sources
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Electric Vehicle Battery Recycling Market Segmentation, By Battery Chemistry Type
12.6.9.2 Rest of Latin America Electric Vehicle Battery Recycling Market Segmentation, By Process
12.6.9.3 Rest of Latin America Electric Vehicle Battery Recycling Market Segmentation, By Sources
13. Company Profiles
13.1 ERAMET
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Contemporary Amperex Technology Co., Limited
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Glencore
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Stena Recycling
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Ace Green Recycling, Inc.
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Li-Cycle Corp. (Canada)
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Fortum
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Umicore N.V.(Belgium)
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Neometals Ltd
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Redwood Materials Inc.
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Electric Mobility Market Size was USD 298.25 Billion in 2023 and is expected to reach USD 1395.17 Bn by 2032 and grow at a CAGR of 18.75% by 2024-2032.
The Automotive VVT & Start-Stop System Market size was USD 47.25 Bn in 2023 and will reach to $76.68 Bn by 2032 & grow at a CAGR of 5.54% by 2024-2032.
The Intelligent Traffic Management System Market Size was valued at USD 11.25 billion in 2023 and is expected to reach USD 36.5 billion by 2032 and grow at a CAGR of 14% over the forecast period 2024-2032.
The Automotive Solar Sunroof Market size was valued at USD 3.62 million in 2023 & is expected to reach USD 413.22 Mn by 2032, with a growing at CAGR of 69.33% over the forecast period of 2024-2032.
The Global Automotive Industry Market size is valued at USD 436.89 Bn in 2022 and is expected to reach USD 1789 Bn by 2030 and grow at a CAGR of 19.25% over the period of 2023-2030.
The Automotive Keyless Entry Systems Market Size was valued at USD 1.98 billion in 2023 and is expected to reach USD 4.78 billion by 2031 and grow at a CAGR of 9.92% over the forecast period 2024-2031.
Hi! Click one of our member below to chat on Phone