Global Electric Vehicle Battery Housing Market 2024-2030

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    ELECTRIC VEHICLE BATTERY HOUSING MARKET

     

    INTRODUCTION

    The EVs are fitted with battery housing systems to prevent damage from side-impact and pole impact load scenarios. An EV’s battery enclosure is in charge of offering crash-safe battery protection from electric shock and fire risks. Battery fires cannot be put out, hence passengers must be safeguarded by the housing in the case of a fire. A steel battery casing provides crucial minutes for passengers and other accident victims in the event of a fire.

     

    The majority of battery casings are constructed of plastic materials with a high impact strength and alkaline solution resistance. Although metal housings are occasionally utilised, metal requires careful design and construction to prevent shorting of the battery pack’s cell. It is in charge of defending the battery cells from damage from the outside world, stopping electrolyte leaks, and maintaining the battery’s temperature management system. The housing also aids in evenly dispersing the weight of the battery cells, maintaining the stability and security of the battery pack.

     

    ELECTRIC VEHICLE BATTERY HOUSING MARKET SIZE AND FORECAST

    Electric Vehicle Battery Housing Market Size

     

    Global electric vehicle battery housing market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    ELECTRIC VEHICLE BATTERY HOUSING MARKET NEW PRODUCT LAUNCH

    ZF Friedrichshafen, a German auto supplier, recently debuted its new Generation 4 EV battery housing. The enclosure can be utilised in a variety of vehicle platforms and can accept various battery sizes and chemistries.

     

    Rivian, an American producer of electric vehicles, recently announced the introduction of its own battery cell and housing technology. According to the business, their battery cells have a higher energy density and a longer lifespan than standard cells, and the housing design enables effective heat management. 

     

    SVOLT Energy Technologies, a Chinese battery maker, has introduced a new EV battery cell housing that is intended to be lighter, smaller, and more adaptable than its previous models. A variety of electric vehicle applications, from small vehicles to large trucks, can employ the housing heavy-duty vehicles.

     

    ELECTRIC VEHICLE BATTERY HOUSING MARKET DYNAMICS

    The battery housing for electric vehicles is a crucial structural element that protects and cools the battery pack, shielding the car and its occupants from battery failure. In addition to enhancing battery performance and lifespan, it is essential for thermal control. The housing, made of materials like plastic, steel, and aluminum, must be durable, lightweight, and effective in dissipating heat to ensure overall safety. Growing environmental concerns and government incentives are what drive the automotive industry, which is the biggest consumer of battery housings.

     

    Advances in battery technology are advantageous to the electronics sector since they lower the cost and increase the utility of electric vehicles. The demand for aluminum, steel, and plastic used in battery housings is growing, according to the metals industry. Li-ion battery packs require battery protection and monitoring in order to safeguard them against overvoltage and load impact during crashes and incidents. The EVs are fitted with battery housing systems to prevent damage from side-impact and pole impact load scenarios.

     

    In an EV, the battery enclosure is in charge of offering crash-safe battery protection from electric shock and fire risks. The increasing trend towards reducing vehicle weight by adopting lightweight materials is largely responsible for the growth of the global market for battery housing for electric vehicles. The market is expanding as a result of expanding EV range and battery capacity as well as consumer demand for durable vehicle design. In order to increase their capacity for innovation, electric car battery housing players have also tended towards new product launches.

     

    An electric vehicle’s battery housing is a crucial part since it safeguards the battery pack from harm and promotes passenger safety. It is crucial for the battery pack’s temperature management, which enhances battery performance and extends battery life. Aluminum, steel, and plastic are just a few of the materials used to make the battery housing. The material selection is based on the battery pack’s and the vehicle’s unique design needs. It is often made to be sturdy, lightweight, and corrosion-resistant.

     

    The battery housing’s ability to efficiently disperse heat is also crucial. As a result, it plays a significant role in the overall safety of an electric vehicle. The housing market for electric vehicle batteries has a considerable impact on industry. Due to the rising demand for electric vehicles, the market is expanding quickly. Batteries for electric vehicles are also widely used in the electronics sector.

     

    Electric vehicles are becoming more feasible and economical because of advancements in battery technology, such as the creation of lithium-ion batteries. Due to this, the market for battery housing for electric vehicles is expanding along with the electronics sector. 

     

    The expansion of the market for battery housing for electric vehicles also benefits the metal sector. Aluminum, steel, and plastic are just a few of the metals used in the construction of the battery housings. Due to the expansion of the electric car battery, there is an increase in the demand for certain metals.

     

    ELECTRIC VEHICLE BATTERY HOUSING MARKET INDUSTRY OUTLOOK

    • The global EV industry grew by 35% to 14.1 million units in 2023 with China and Europe dominating the market.
    • Other OEMs also saw an increase in EV sales such as Volkswagen, Stellantis, GM etc.
    • 70.4% of the market were BEVs and this trend is expected to continue till 2030 across the globe.
    • Incentives by various governments at different levels and improvement in charging infrastructure are the primary driver for the increase in EV sales in 2023. However, the market may not be able to prolong this level of growth if the incentives are withdrawn as the current prices of the vehicles won’t support it.
    • Tesla, one of the global leaders in EVs, has projected lower growth in 2024 compared to 2023 due to factory readjustments and production of CyberTruck. This will impact the EV market in 2 ways in 2024 – It’ll allow OEMs in China and Europe to target customers that would have preferred a Tesla, and cause lower sales in USA as Tesla does not have a prominent competitor at the moment in the country.

     

    ELECTRIC VEHICLE BATTERY HOUSING MARKET AUTOMOTIVE INDUSTRY INSIGHTS

    • The automotive industry is expected to grow at 5% in 2024 compared to 2023.
    • The value add in the industry will come in from ADAS features and improving connectivity based features in the vehiclE.
    • Growth will come in from Asia ex China region and ROW region compared to USA, Europe and China.
    • The forecast period will see an uptake in subscription based features over the forecast period mainly from Europe and USA.
    • SUVs and cross overs hold #1 in the industry among vehicle types and will continue to do so over the forecast period.

     

    Electric Vehicle Battery Housing Market

    ELECTRIC VEHICLE BATTERY HOUSING MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many EV battery cell housing are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global EV battery cell housing and key vendor selection criteria
    3. Where is the EV battery cell housing manufactured? What is the average margin per unit?
    4. Market share of Global electric vehicle battery housing market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global EV battery cell housing in-house
    6. key predictions for next 5 years in Global electric vehicle battery housing market
    7. Average B-2-B electric vehicle battery housing market price in all segments
    8. Latest trends in electric vehicle battery housing market, by every market segment
    9. The market size (both volume and value) of the electric vehicle battery housing market in 2024-2030 and every year in between?
    10. Production breakup of electric vehicle battery housing market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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