AI Products 

Electric Vehicle (EV) Battery Housing Market growth 2019 | Business Outlook 2025

BIS Research
Electric Vehicle (EV) Battery Housing Market growth 2019 | Business Outlook 2025

The report constitutes an extensive study of the global EV battery housing market. It includes a thorough analysis of different vehicle types as well as different materials used in the EV battery housing systems. The EV battery housing market has further been segmented in terms of cell format, which helps in understanding the material requirements in battery enclosures of different battery packs. It further explains the driving forces, challenges, and growth opportunities of the EV battery housing market. Major players have been identified on the basis of revenue generation pertaining to the EV battery housing market, regional presence, and developments related to battery enclosure systems. A detailed company profiling has been done in order to understand the player’s strategic behavior. The global EV battery housing market is further explained and analyzed on the basis of six regions, and namely, North America, Europe, Asia-Pacific and Japan, U.K., China, and Rest-of-the-World. Moreover, the country analysis has also been done in order to have a clear picture of the EV battery housing market. Different countries based on the adoption of the EV technology, battery production, battery enclosure manufacturing, and ongoing developments in the regions by the government as well as the private entities are some of the factors based on which countries growth rate has been calculated.

Read Report Overview: Electric Vehicle Battery Housing Market

The global EV battery housing market generated revenue of $873.4 million in 2020 and is expected to reach $4,478.0 million by 2025 at a CAGR of 36.9%. In terms of volume, the total demand for EV battery housing material in 2020 was 279.7 kilotons which is expected to increase to 1,167.3 kilotons in 2025, growing at a CAGR of 31.5% during the forecast period. Growing penetration of EVs across the globe, increasing EV range, and battery capacity coupled with demand for robust vehicle design is benefitting the market growth.

BEV Witnessed Higher Growth in Demand

The global EV battery housing market encompasses four major types of electric vehicles, namely, plug-in hybrid electric vehicle (PHEV), and battery electric vehicle (BEV), electric bus (e-bus), and electric truck (e-truck). In terms of revenue, the BEV category held the major share of 50.0% in the global EV battery housing market in 2020. Factors such as growing demand for zero efficient vehicles, government initiatives, and improved charging infrastructure are responsible for the growth of BEV and thus leading to the growth of the battery enclosure market for BEV.

Aluminum-Based Battery Housing Structure Expected to Dominate the Global Market

The prominent material used in the manufacturing of battery housing systems are aluminum, steel, glass fiber reinforced polymer (GFRP), and carbon fiber reinforced polymer (CFRP). While battery enclosures/housing in the historical period (2010-2018) was dominated by steel material, aluminum material-based battery housing has been the largest category in 2019.

Competitive Landscape

In the recent past, partnership and new product launches have been the major activities in this industry. The growth in demand for advanced and light battery enclosure systems has made its providers focus on differentiated products, mainly based on aluminum and composite materials.

Request For Sample: https://bisresearch.com/requestsample?id=1102&type=download

  • In February 2021, CSP, along with its parent company Teijin introduced a patent-pending clip system that replaces the need for bolts in the process of joining the top and bottom of an electric vehicle battery case. This clip system improves the seal, reduces assembly costs, and makes the batteries easier to service when needed. The clips will be manufactured at CSP Stamping in Manchester, Michigan. 
  • In December 2020, CSP and its parent company Teijin introduced a new innovative honeycomb class A panel technology and an advanced, multi-material EV battery enclosure for electric vehicles. 
  • In April 2020, the company collaborated with BMW Group to manufacture battery enclosures made of fiber-reinforced plastics for the BMW i3 and BMW 7 series. 
  • In February 2020, Minth Group announced that it had obtained aluminum battery box orders from the Volkswagen Group (V.W.). These aluminum battery housing enclosures include three types of aluminum battery housing; short, medium, and long models, which can be used for all B, C, and D electric vehicle models of the Volkswagen Group and is expected to support the manufacture of vehicles as per Volkswagen Group's plan.
  • In January 2020, Nemak announced its plans to supply battery housings for the Ford Mustang Mach-E that will be produced in North America.
  • In August 2019, the company launched a high-strength automotive aluminum product for various applications such as roof rail inserts, bumper beams, and electric battery enclosure components
  • In April 2019, SGL Carbon collaborated with NIO to develop a new battery enclosure prototype made up of CFRP for NIO’s electric vehicles.
BIS Research
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more