Global Transportation Battery Recycling Market Anticipated to Generate a Revenue of $9,947.5 Million and Rise at a CAGR of 8.2% over the Analysis Period 2022-2030 | [150-Pages] Disclosed by Research Dive

The global transportation battery recycling market is predicted to see striking growth during the forecast period, owing to the increasing government initiatives to increase awareness regarding electric vehicles. Based on sources, the industrial batteries sub-segment is expected to be the most profitable. Regionally, the Asia-Pacific region is predicted to have huge growth opportunities.


New York, USA, July 25, 2022 (GLOBE NEWSWIRE) -- According to a report published by Research Dive, the global transportation battery recycling market is envisioned to generate a revenue of $9,947.5 million and grow at a CAGR of 8.2% over the estimated period from 2022 to 2030.

As per our analysts, with the growing government initiatives to increase the awareness of electric vehicles and increasing fuel prices all across the globe, the transportation battery recycling market is expected to experience significant growth over the analysis period. Moreover, the rising awareness regarding environmental protection is expected to create massive growth opportunities for the market during the estimated period. However, the cost of raw materials used in batteries is lower than the cost of recycling batteries, which is the factor that may hamper the growth of the market over the forecast timeframe.

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Covid-19 Impact on the Transportation Battery Recycling Market

The outbreak of the Covid-19 pandemic has had a negative impact on the transportation battery recycling market, likewise several other industries. The stringent government regulations and complete lockdown have badly impacted the demand for electric vehicles and this has led to a decrease in the demand for battery recycling. Furthermore, it has disrupted the supply chain of raw materials between the countries which have stopped the manufacturing processes of transportation batteries. However, the increased awareness of electric vehicles is expected to boost the growth of the market in the forecast period.

Segments of the Transportation Battery Recycling Market

The report has divided the market into segments based on type, sources, and region.

Type: Lead-Acid battery Sub-Segment to be Most Profitable

The lead-acid battery sub-segment is predicted to generate a revenue of $6,517.1 million during the analysis period. This is mainly because of the increasing use of lead-acid batteries in various vehicles. Moreover, the recycling process of lead-acid batteries consumes less time, which is expected to bolster the growth of the market sub-segment during the forecast timeframe.

Sources: Industrial Batteries Sub-Segment to be Most Productive

The industrial batteries sub-segment is projected to garner a revenue of $5,014.3 million over the forecast timeframe. This is mainly due to the extensive use of lead-acid batteries in industrial applications including emergency power backup, UPS systems, and many more. In addition, the recycling process of industrial batteries is simple which is the factor expected to uplift the growth of the market sub-segment during the estimated period.

Check out Post COVID-19 Impacts on Global Transportation Battery Recycling Market. Connect with our Expert Analyst for more Details

Region: Asia-Pacific Region to Have Wide Growth Opportunities

The Asia-Pacific region of the transportation battery recycling market is expected to generate a revenue of $2,339.7 million throughout the forecast period. The strict environmental regulations, developing automotive industry, and decreased labor costs in this region are predicted to drive the regional growth of the market sub-segment over the analysis period.

Key Players of the Transportation Battery Recycling Market

The major players in the transportation battery recycling market include

  1. Aqua Metals, Inc.
  2. Contemporary Amperex Technology Co.
  3. Limited Umicore
  4. Cell2Recycle, Inc.
  5. Li-Cycle Corp
  6. Battery Solutions
  7. GEM Co. Ltd
  8. Exide Technologies
  9. Kochi Industries

These players are widely working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to acquire a leading position in the global industry.

For instance, in March 2022, Retriev Technologies, a leading battery recycler in North America announced its acquisition of Battery Solutions, a sustainable leader in providing end-to-end management solutions for consumer electronics. With this acquisition, the companies aimed to create the first and only comprehensive battery management solutions for the end-of-life battery lifecycle for electric vehicles, consumer collection, telecommunications, and many more.

Further, the report also presents other crucial aspects including SWOT analysis, the financial performance of the key players, product portfolio, and the latest strategic development.

Region: Europe Region has a lucrative growth rate (Avail Customization)

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