EV Battery Enclosures Market is Forecasted to Reach US$ 18.1 billion in 2030, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global EV Battery Enclosures Market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2023: US$ 4.0 billion

Market Size in 2030: US$ 18.1 billion

Growth (CAGR): 18.3% during 2023-2030

Cumulative Sales Opportunity 2023 to 2030: US$ 98.076 billion

Leading Propulsion Type: BEV

Leading Vehicle Type: Passenger car

Leading Material Type: Metal enclosures

Leading Region: China

Forecast Period: 2023-2030

Trend Period: 2017-2021

Base Year: 2022

Number of Segments Covered: 4

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Electric Vehicle (EV) Ducts Market:

The global EV Battery Enclosures Market is segmented based on Propulsion type, Vehicle type, Material type, and region.

Based on Propulsion Type

• The market is segmented into BEV and HEV.
• BEVs are anticipated to continue to dominate the market because they are ecologically safer than HEV automobiles.
• The ramp-up in the development of the charging infrastructure, a decline in the cost of new models, and government incentives to encourage the use of EVs during the projection period are creating a better ecosystem for BEVs.
• By 2030, it is also anticipated that the production of BEV will account for more than 45% of the global powertrain mix.

Based on Vehicle Type

• The market is segmented into passenger cars, light commercial vehicles (LCV), and medium & and heavy commercial vehicles (MHCV).
• Passenger car is expected to remain the largest vehicle type in the market.
• As these vehicles are the most sought-after electric vehicles currently, they are anticipated to generate enormous market demand in the coming years.

Based on Material Type

• The market is segmented into metal enclosures and composite enclosures.
• Metal Enclosures are expected to remain the most preferred material in the market primarily driven by their low cost as compared to composite enclosures.
• Moreover, there is an active presence of several major companies in the development and provision of metal battery enclosures.
• Porsche Taycan, BYD Qin Plus, BYD Song Pro, BYD Han, and Volkswagen ID.4 are some key BEV models that use metal battery enclosures.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

• The analysis suggests that China is expected to remain the largest market for EV battery enclosures during the forecast period. This growth outlook is mainly attributed to the following:
• China is the largest producer and consumer of EVs in the world. Some of the best-selling EV models in China are BYD Han, BYD Song Pro, and Wuling Hong Guang Mini EV.
• Furthermore, the country is home to a significant number of EV battery enclosure producers, such as Minth Group Co., Ltd., Hesheng Co., Ltd., Lingyun Industrial Co., Ltd., Huayu Automotive Systems Co., Ltd., and Chongqing New Aluminum Times Technology Co., Ltd.

EV Battery Enclosures Market Drivers:

Some of the key drivers listed in the report are given below.

• The EV battery enclosure market was registering excellent growth, owing to significant growth in EV sales.
• The E-Lavida, Tesla Model Y, BYD Qin Plus, Levin PHV, Volkswagen ID.4, Nissan Leaf, and BMW i3 are some of the best-selling EV models.
• This growth will be primarily fueled by an increase in EV production, which was triggered by rapid advancements in charging infrastructure and growing fuel prices.
• Other major factors driving the growth of EV sales are stringent emission regulations and government subsidies for EV adoption.

Key players

Competitive Landscape: Top 10 Companies in the Electric Vehicle (EV) Ducts Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

• Chongqing New Aluminum Times Technology Co., Ltd.
• Gestamp
• Hesheng Co., Ltd.
• Huayu Automotive Systems Co., Ltd.
• Lingyun Co., Ltd.
• Minth Group Co., Ltd.
• Nemak, S.A.B. de C.V.
• Teijin Automotive Technologies
• Wencan Group Co., Ltd.
• Xiangxin Technology Co., Ltd.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Electric Vehicle (EV) Ducts Market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

·      EV Battery Market

·      Composite EV Battery Enclosures Market  

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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