Global Electric Vehicle Battery Reuse and Recycling Market

Global Electric Vehicle Battery Reuse and Recycling Market 2022-2032 by Category (Reuse, Recycling), Battery Type (Lithium-ion, Nickel-metal, Lead-acid, Others), EV Type (BEV, HEV, PHEV, FCEV), Vehicle (Passenger, Commercial), End Use (Cars, Buses, Energy Storage Systems, Others), and Region: Trend Forecast and Growth Opportunity

Global Electric Vehicle Battery Reuse and Recycling Market

Global Electric Vehicle Battery Reuse and Recycling Market 2022-2032 by Category (Reuse, Recycling), Battery Type (Lithium-ion, Nickel-metal, Lead-acid, Others), EV Type (BEV, HEV, PHEV, FCEV), Vehicle (Passenger, Commercial), End Use (Cars, Buses, Energy Storage Systems, Others), and Region: Trend Forecast and Growth Opportunity


The research report on ‘Electric Vehicle Battery Reuse and Recycling Market’ provides a workplan for stakeholders for the estimated timeframe of -. To elaborate, it offers valid predictions for the size, shares, and growth patterns of this domain over the projected timeline by assessing the past records and present business trends.

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Global electric vehicle battery reuse and recycling market will reach $25.02 billion by 2032, growing by 43.6% annually over 2022-2032, driven by the need to reduce battery waste, costly battery disposal, the rising demand for urban vehicles, and a focus on sustainable transportation.

Highlighted with 121 tables and 85 figures, this 189-page report “Global Electric Vehicle Battery Reuse and Recycling Market 2022-2032 by Category (Reuse, Recycling), Battery Type (Lithium-ion, Nickel-metal, Lead-acid, Others), EV Type (BEV, HEV, PHEV, FCEV), Vehicle (Passenger, Commercial), End Use (Cars, Buses, Energy Storage Systems, Others), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global electric vehicle battery reuse and recycling market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure

• Growth Drivers

• Restraints and Challenges

• Emerging Product Trends & Market Opportunities

• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global electric vehicle battery reuse and recycling market in every aspect of the classification from perspectives of Category, Battery Type, EV Type, Vehicle, End Use, and Region.

Based on Category, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Reuse of EV Batteries

• Recycling of EV Batteries

o Hydro-metallurgical Process

o Pyro-metallurgical Process

o Other Processes

Based on Battery Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Lithium-ion Batteries

o Lithium Ferro Phosphate (LFP) Battery

o Lithium-ion Manganese Oxide (LMO)

o Lithium-nickel-cobalt-aluminum Oxide (NCA)

o Lithium-nickel-manganese-cobalt Oxide (NMC)

o Lithium-titanate Oxide (LTO)

• Nickel-metal Hydride Batteries

• Lead-acid Batteries

• Other Battery Types

By EV Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Battery Electric Vehicle (BEV)

• Hybrid Electric Vehicle (HEV)

• Plug-in Hybrid Electric Vehicle (PHEV)

• Fuel Cell Electric Vehicle (FCEV)

By Vehicle, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Passenger EVs

• Commercial Evs

By End Use, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Electric Cars

• Electric Buses

• Energy Storage Systems

• Other End Uses

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)

• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

• South America (Brazil, Chile, Argentina, Rest of South America)

• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)

For each region and country, detailed analysis and annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Category, Battery Type, and End Use over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

ACCUREC Recycling GmbH

American Manganese Inc.

Battery Solutions

Bayerische Motoren Werke (BMW) AG

China Aviation Lithium Battery Company Limited

G & P Service

LI-CYCLE CORP.

Nissan Motor Co. Ltd.

Recupyl

Retriev Technologies

SITRASA

SNAM S.A.S. (FLORIDIENNE)

Tesla Inc.

Toshiba Corporation

Umicore

(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

1 Introduction 10

1.1 Industry Definition and Research Scope 10

1.1.1 Industry Definition 10

1.1.2 Research Scope 11

1.2 Research Methodology 14

1.2.1 Overview of Market Research Methodology 14

1.2.2 Market Assumption 15

1.2.3 Secondary Data 15

1.2.4 Primary Data 15

1.2.5 Data Filtration and Model Design 16

1.2.6 Market Size/Share Estimation 17

1.2.7 Research Limitations 18

1.3 Executive Summary 19

2 Market Overview and Dynamics 22

2.1 Market Size and Forecast 22

2.1.1 Impact of COVID-19 on World Economy 23

2.1.2 Impact of COVID-19 on the Market 26

2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 28

2.2 Major Growth Drivers 32

2.3 Market Restraints and Challenges 35

2.4 Emerging Opportunities and Market Trends 38

2.5 Porter’s Fiver Forces Analysis 42

3 Segmentation of Global Market by Category 46

3.1 Market Overview by Category 46

3.2 Reuse of EV Batteries 48

3.3 Recycling of EV Batteries 49

3.3.1 Hydro-metallurgical Process 50

3.3.2 Pyro-metallurgical Process 51

3.3.3 Other Processes 52

4 Segmentation of Global Market by Battery Type 53

4.1 Market Overview by Battery Type 53

4.2 Lithium-ion Batteries 55

4.2.1 Lithium Ferro Phosphate (LFP) Battery 57

4.2.2 Lithium-ion Manganese Oxide (LMO) 58

4.2.3 Lithium-nickel-cobalt-aluminum Oxide (NCA) 59

4.2.4 Lithium-nickel-manganese-cobalt Oxide (NMC) 60

4.2.5 Lithium-titanate Oxide (LTO) 61

4.3 Nickel-metal Hydride Batteries 62

4.4 Lead-acid Batteries 63

4.5 Other Battery Types 64

5 Segmentation of Global Market by EV Type 65

5.1 Market Overview by EV Type 65

5.2 Battery Electric Vehicle (BEV) 67

5.3 Hybrid Electric Vehicle (HEV) 68

5.4 Plug-in Hybrid Electric Vehicle (PHEV) 69

5.5 Fuel Cell Electric Vehicle (FCEV) 70

6 Segmentation of Global Market by Vehicle 71

6.1 Market Overview by Vehicle 71

6.2 Passenger EVs 73

6.3 Commercial EVs 74

7 Segmentation of Global Market by End Use 75

7.1 Market Overview by End Use 75

7.2 Electric Cars 77

7.3 Electric Buses 78

7.4 Energy Storage Systems 79

7.5 Other End Uses 80

8 Segmentation of Global Market by Region 81

8.1 Geographic Market Overview 2022-2032 81

8.2 North America Market 2022-2032 by Country 85

8.2.1 Overview of North America Market 85

8.2.2 U.S. 89

8.2.3 Canada 92

8.2.4 Mexico 94

8.3 European Market 2022-2032 by Country 96

8.3.1 Overview of European Market 96

8.3.2 Germany 100

8.3.3 U.K. 102

8.3.4 France 104

8.3.5 Spain 106

8.3.6 Italy 108

8.3.7 Russia 110

8.3.8 Rest of European Market 112

8.4 Asia-Pacific Market 2022-2032 by Country 114

8.4.1 Overview of Asia-Pacific Market 114

8.4.2 Japan 118

8.4.3 China 121

8.4.4 Australia 123

8.4.5 India 125

8.4.6 South Korea 127

8.4.7 Rest of APAC Region 129

8.5 South America Market 2022-2032 by Country 131

8.5.1 Argentina 134

8.5.2 Brazil 136

8.5.3 Chile 138

8.5.4 Rest of South America Market 140

8.6 MEA Market 2022-2032 by Country 141

8.6.1 UAE 144

8.6.2 Saudi Arabia 146

8.6.3 South Africa 148

8.6.4 Other National Markets 150

9 Competitive Landscape 151

9.1 Overview of Key Vendors 151

9.2 New Product Launch, Partnership, Investment, and M&A 154

9.3 Company Profiles 155

ACCUREC Recycling GmbH 155

American Manganese Inc. 157

Battery Solutions 159

Bayerische Motoren Werke (BMW) AG 161

China Aviation Lithium Battery Company Limited 166

G & P Service 167

LI-CYCLE CORP. 169

Nissan Motor Co. Ltd. 171

Recupyl 173

Retriev Technologies 175

SITRASA 177

SNAM S.A.S. (FLORIDIENNE) 179

Tesla Inc. 181

Toshiba Corporation 184

Umicore 186

RELATED REPORTS 189

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Electric Vehicle Battery Reuse and Recycling Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Is the Electric Vehicle Battery Reuse and Recycling Market shifting its focus from growth to value?
Recognize the areas along the Electric Vehicle Battery Reuse and Recycling Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
What is the estimated value of the Electric Vehicle Battery Reuse and Recycling Market?
The Electric Vehicle Battery Reuse and Recycling Market is expected to reach a reasonable valuation by 2030; now the market is expected to shift its focus from growth to value.
In the current situation, what value does the Electric Vehicle Battery Reuse and Recycling Market have?
The value of the Electric Vehicle Battery Reuse and Recycling Market is estimated to be USD XXX million.
How does the Electric Vehicle Battery Reuse and Recycling Market study reflects the current scenario?
The Electric Vehicle Battery Reuse and Recycling study focuses on shifting market dynamics, geopolitical and regulatory regulations, and key players' strategies to carefully analyze demand at risk across multiple industry categories.