Electric Vehicle (EV) Battery Housing Market 2024-2032: Industry Growth, Share, Size, Key Players Analysis and Forecast

IMARC Group’s latest report, titled “Electric Vehicle (EV) Battery Housing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the Electric Vehicle (EV) Battery Housing Market  share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global electric vehicle (EV) battery housing market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.9 Billion by 2032, exhibiting a growth rate (CAGR) of 28.32% during 2024-2032.

An electric vehicle (EV) battery housing refers to the protective enclosure that houses the battery pack in an electric vehicle. It is manufactured using several lightweight and highly durable materials, such as steel, plastics, aluminum, and several composites, such as glass and carbon fiber reinforced polymers. It provides structural support and prevents any damage or intrusion to the battery pack during normal vehicle operation or in the event of a collision. It also helps in maintaining the desired operating temperature of the battery cells by incorporating cooling and thermal management systems, ensuring optimal performance and longevity. Additionally, it plays an important role in ensuring the safety, reliability, and performance of electric vehicles by providing a secure environment for the battery pack, protecting it from external elements, and minimizing the risks associated with battery-related incidents.

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The key Players Operating in the Industry:

• Constellium SE

• Gestamp Automoción

• S.A

• GF Casting Solutions

• Minth Group Ltd

• Nemak S.A.B. de C.V

• Norsk Hydro ASA

• Novelis Inc. (Hindalco Industries Limited)

• Proterial, Ltd

• Teijin Automotive Technologies

• thyssenkrupp AG

• TRB Lightweight

• UACJ Corporation

Electric Vehicle (EV) Battery Housing Industry Trends:

The rising adoption of EVs by the masses is driving the global market. This can be attributed to growing environmental concerns and increasing pollution levels. Moreover, ongoing advancements in battery technology, such as improved energy density and longer range, are creating a positive market outlook. Besides, rising environmental awareness and concerns over greenhouse gas emissions have propelled the shift towards electric vehicles, which in turn is propelling the overall market.

Furthermore, the implementation of favorable policies by governments of several countries to promote the adoption of EVs to reduce dependency on fossil fuel, minimize carbon footprint, and curb air pollution is providing an impetus to the market. Other factors, including the rising focus on vehicle safety and extensive research and development (R&D) activities by leading players, are also influencing the market.

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Key Market Segmentation:

The report has segmented the market into the following categories:

Cell Format Type Insights:

• Pouch Cell

• Cylindrical Cell

• Prismatic Cell

Material Insights:

• Steel

• Aluminum

• Glass Fiber Reinforced Plastic

• Carbon Fiber Reinforced Plastic

Material Insights:

• Steel

• Aluminum

• Glass Fiber Reinforced Plastic

• Carbon Fiber Reinforced Plastic

Breakup by Region:

• North America (United States, Canada)

• Europe (Germany, France, United Kingdom, Italy, Spain, Others)

• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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