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Battery Recycling Market by Battery Chemistry, Battery Source, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44465
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The battery recycling market share is expected to increase by USD 6.28 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9%.

This battery recycling market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers battery recycling market segmentations by battery chemistry (lead-acid, lithium, and others) and geography (APAC, Europe, North America, South America, and MEA). The battery recycling market report also offers information on several market vendors, including Accurec Recycling GmbH, Battery Solutions LLC, Call2Recycle Inc., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Gravita India Ltd., Johnson Controls International Plc, The Doe Run Resources Corp., and Umicore among others.

What will the Battery Recycling Market Size be During the Forecast Period?

Battery Recycling Market Size

Download the Free Report Sample to Unlock the Battery Recycling Market Size for the Forecast Period and Other Important Statistics

 

Battery Recycling Market: Key Drivers, Trends, and Challenges

The widening lithium supply-demand gap is notably driving the battery recycling market growth, although factors such as lead contamination in the environment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the battery recycling industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Battery Recycling Market Driver

The widening lithium supply-demand gap is a key driving factor impacting the global battery recycling market growth. Although there is an adequate amount of lithium resources available globally to cater to the demand, almost 70% of the global lithium reserves are concentrated in South America's ABC (Argentina, Bolivia, and Chile) region. The lithium market is facing a lithium deficit, and it will continue during the forecast period. The market is experiencing tremendous demand from the EV battery sector, leading to a strong lithium demand. This sudden strong demand has led to a supply deficit in the market. Applications or sectors such as pharmaceuticals, construction, glass, and ceramic use lithium. The consumption by the automotive industry is only a small fraction. Lithium metal constitutes only a small portion of the cost of other raw materials required for battery manufacturing. However, with increasing EVs worldwide, there will be substantial pressure on lithium suppliers to meet the demand.

Key Battery Recycling Market Trend

Rising stewardship collaboration for battery recycling is a key trending factor impacting the global battery recycling market growth. Recycling used batteries is becoming a critical need due to depleting metal reserves and their adverse impact on the environment. The recycling of batteries, including both primary and secondary batteries, should not be only the government's concern; instead, all stakeholders are required to collaborate and contribute toward the same cause. As per collaboration, battery manufacturers are required to provide a convenient and accessible way, also known as extended producer responsibility (EPR) programs, to receive discarded batteries from consumers. In addition, manufacturers need to maintain producer funding, which shall reduce the governments' overall cost of battery management and increase the collection of recycling used batteries. Companies provide local businesses with prepaid shipping containers and collection boxes, where consumers can drop off their discarded batteries.

Key Battery Recycling Market Challenge

Lead contamination in the environment is a key challenge negatively impacting the global battery recycling market growth. The most profitable battery recycling chemistry is the lead-acid battery. Others are too low to yield. However, lead is hazardous due to its high level of toxicity, contributing to environmental pollution. Improper lead disposal can cause soil and water pollution. The recycling of lead-acid batteries, provided it is carried out in an eco-friendly manner, is essential because the process retains batteries outside of the waste stream meant for final disposal. Lead from storage batteries positioned in unlined landfills can even soil the groundwater. Recycling avoids the emission of lead into the environment and prevents excessive energy use associated with manufacturing lead from virgin resources.

This battery recycling market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global battery recycling market is a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the battery recycling market during the forecast period.

Who are the Major Battery Recycling Market Vendors?

The report analyzes the global renewable electricity market's competitive landscape and offers information on several market vendors, including:

 

  • Accurec Recycling GmbH
  • Battery Solutions LLC
  • Call2Recycle Inc.
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Exide Industries Ltd.
  • Gravita India Ltd.
  • Johnson Controls International Plc
  • The Doe Run Resources Corp.
  • Umicore

 

This statistical study of the battery recycling market encompasses successful business strategies deployed by the key vendors. The battery recycling market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Accurec Recycling GmbH - The company offers battery recycling for Nickel-Cadmium batteries, Nickel-Metal hydrid batteries and Lithium batteries.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The battery recycling market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Battery Recycling Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the battery recycling market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global renewable electricity market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Battery Recycling Market?

Battery Recycling Market Market segmentation by region

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36% of the market's growth will originate from APAC during the forecast period. China is the key market for battery recycling market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Rising environmental concerns due to improper battery disposal will drive the growth of the market which will facilitate the battery recycling market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 has affected many countries in the region, such as China, India, South Korea, and Japan. As of May 10, 2021, the total number of COVID-19 cases reported in India, Indonesia, and Japan was around 22.66 million, 1.71 million, and 0.63 million, respectively. Since early 2020, many countries have been imposing nationwide lockdowns to prevent the community spread of COVID-19. The outbreak affected the overall economy of the region, supply chains, and the industrial and commercial sectors in 2020 and early 2021. The increasing incidence of COVID-19 in APAC is hindering supply chains and related activities and, subsequently, the demand for battery recycling in the region.

What are the Revenue-generating Geography Segments in the Battery Recycling Market?

Battery Recycling Market Segmentation

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The battery recycling market share growth by the lead-acid segment will be significant during the forecast period. The growth of the lead-acid batteries segment can be attributed to the low cost of these batteries compared with other types. The increased availability of raw materials required to manufacture lead-acid batteries is another factor driving installations and therefore, the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the battery recycling market size and actionable market insights on post COVID-19 impact on each segment.

 

Battery Recycling Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

$ 6.28 billion

Market structure

Fragmented

YoY growth (%)

10.80

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 36%

Key consumer countries

China, US, Germany, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accurec Recycling GmbH, Battery Solutions LLC, Call2Recycle Inc., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Gravita India Ltd., Johnson Controls International Plc, The Doe Run Resources Corp., and Umicore

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Battery Recycling Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive battery recycling market growth during the next five years
  • Precise estimation of the battery recycling market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the battery recycling industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of battery recycling market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Battery Chemistry

    • Market segments
    • Comparison by Battery Chemistry
    • Lead-acid - Market size and forecast 2020-2025
    • Lithium - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Battery Chemistry

    Market Segmentation by Battery Source

    • Market segments
    • Comparison by Battery Source
    • Automotive - Market size and forecast 2020-2025
    • Electronic appliance - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Battery Source

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Accurec Recycling GmbH
      • Battery Solutions LLC
      • Call2Recycle Inc.
      • East Penn Manufacturing Co. Inc.
      • EnerSys
      • Exide Industries Ltd.
      • Gravita India Ltd.
      • Johnson Controls International Plc
      • The Doe Run Resources Corp.
      • Umicore

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Battery Recycling Market market growth will increase by $6.28 bn during 2021-2025.
      The battery recycling market market is expected to grow at a CAGR of 9% during 2021-2025.
      Technavio has segmented the battery recycling market market by other 1 (lead-acid, lithium, others, South America, and MEA) ,geography (APAC, Europe, North America, South America, and MEA) , and geographic (APAC, Europe, North America, South America, and MEA).
      Accurec Recycling GmbH, Battery Solutions LLC, Call2Recycle Inc., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Gravita India Ltd., Johnson Controls International Plc, The Doe Run Resources Corp., Umicore are a few of the key vendors in the battery recycling market market.
      APAC will register the highest growth rate of 36% among the other regions. Therefore, the battery recycling market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the battery recycling market market growth are:
      • Widening lithium supply-demand gap
      • Rising stewardship collaboration for battery recycling
      The battery recycling market market vendors should focus on grabbing business opportunities from the lead-acid segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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