Global Battery Manufacturing Equipment Market Size By Type (Lead Acid, Lithium Ion, Nickel Metal Hydride), By Process (Electrode Manufacturing, Cell Assembly), By Application (Automotive, Consumer Electronics, Energy and Power), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Battery Manufacturing Equipment Market Size By Type (Lead Acid, Lithium Ion, Nickel Metal Hydride), By Process (Electrode Manufacturing, Cell Assembly), By Application (Automotive, Consumer Electronics, Energy and Power), By Geographic Scope And Forecast

Battery Manufacturing Equipment Market Size And Forecast

Battery Manufacturing Equipment Market size was valued at around USD 10 Billion in 2021 and is projected to reach USD 85 Billion by 2030, growing at a CAGR of 26% from 2023 to 2030.

The market demand for battery manufacturing equipment is being boosted by the rapidly expanding demand for batteries from the automotive sector due to the growing popularity of electric vehicles and improved battery applications in vehicles. Additionally, new innovations and the expansion of electric consumer appliances are boosting battery sales. Battery manufacturing machines support a sustainable environment by producing and remanufacturing used batteries, which is a helpful way to reduce e-waste. As a result, battery manufacturing machines support various initiatives taken by governments and various organizations to reduce the carbon footprint and E-waste.

Global Battery Manufacturing Equipment Market Definition

Battery Manufacturing Equipment is the equipment that is needed across the manufacturing process. Electrode-manufacturing, cell-assembly-and-handling equipment, and cell-finishing equipment are the required machine to produce the battery cell.

Global Battery Manufacturing Equipment Market Overview

The rising cost of the various types of fuels available on the market that people use for commuting has contributed to the growing demand for acceptable substitutes that would be more affordable for middle-class people. The advent of electric vehicles proved to be this highly anticipated alternative that allowed people from lower to middle socioeconomic classes to select a mode of transportation for their daily journey while paying only a moderate amount for the electricity or energy needed for the vehicle to operate.

With electric cars getting super popular, their batteries are now a big deal for the whole industry and how everything gets made. Plus, since drivers need to replace or upgrade their batteries, it's creating a whole new after-sales market. The fact that different cars need different sizes and types of batteries is a huge opportunity for companies that make them. And let's not forget, government support for these electric vehicles is also pushing more people to embrace these awesome new technologies that are good for everyone!

So, you know how we're seeing more and more batteries everywhere? From your phone and smart watch to life-saving healthcare devices and even up in airplanes and powering telecom systems, it's no wonder the market for battery manufacturing equipment is booming. Batteries are essential in everything these days - think cars, those SSDs you use to store your files, cool gadgets your favorite smart home devices, tools to help athletes perform better, and even equipment for our armed forces. But here's the catch Researchers around the world are trying to come up with better ways to make batteries, exploring new, greener materials and production methods. The problem is, these new ideas aren't quite ready for prime time yet. Plus, with everyone focused on going green, the demand for better, more sustainable batteries is only going to keep increasing.

Oof, 2020 was rough on the market, especially for battery manufacturing equipment and all the related industries. The pandemic really hit hard! That global lockdown threw a wrench into everything, causing problems like tight cash flow, messy supply chains, and a shortage of skilled workers. Plus, demand took a nosedive from key sectors that rely on batteries. Think about the car industry – those factory shutdowns and supply chain snags in 2019 and 2020 really slowed things down. For example, the European Automobile Manufacturers Association reported that new car sales in the European Union were down 7.4% in January and February of 2020 compared to 2019. Yikes!

Global Battery Manufacturing Equipment Market Segmentation Analysis

The Global Battery Manufacturing Equipment Market is segmented on the basis of Type, Process, Application, and Geography.

Battery Manufacturing Equipment Market, By Type

  • Lead Acid
  • Lithium Ion
  • Nickel Metal Hydride
  • Nickel Cadmium
  • Others (Sodium, Carbon Zinc, Silver Oxide, etc.)

When it comes to the kind of battery used, the market breaks down into things like Lead Acid, Lithium Ion, Nickel Metal Hydride, Nickel Cadmium, and others. But let's be real, lithium-ion batteries are the big dogs in the battery production equipment world. You see them everywhere, especially in cool low-carbon tech like electric vehicles. Why? They pack a serious energy punch in a small package, charge up fast, and just keep going and going, even after tons of charges. These batteries are seriously key to kicking those gas-guzzling, carbon-spewing cars to the curb. Plus, because they're so reliable, they're a fantastic option for storing power on the electric grid too!

Battery Manufacturing Equipment Market, By Process

  • Electrode Manufacturing
  • Cell Assembly
  • Cell Finishing

Think of making a battery cell as a three-part process. First, there's Electrode Manufacturing, then Cell Assembly, and finally Cell Finishing. Interestingly, these three phases require pretty similar capital investmentsabout 35-45% goes towards the equipment for making electrodes, 25-35% for assembling and handling the cells, and 30-35% for finishing them up. Some steps, like coating and electrolyte filling, are unique or very specialized for battery cell production. They need clean and dry environments, plus expertise in high-accuracy thin-layer deposition. But other operations, such as cell creation, aging, and slitting, are similar to what you'd find in other industries or just require standard manufacturing logistics equipment.

Battery Manufacturing Equipment Market, By Application

  • Automotive
  • Consumer Electronics
  • Energy and Power
  • Others (Healthcare, power tools, etc.)

Based on Application, the market is segmented into Automotive, Consumer Electronics, Energy and Power, and Others. Due to the increasing sales of electric vehicles around the world, the automotive industry dominated the market for battery manufacturing equipment and was the largest segment. The main factor driving the development in the adoption of the vehicle Li-ion battery is favorable governmental legislation. Automobile manufacturers are working with government representatives from several different countries to find solutions to the growing problems of ecological sustainability and the clean energy balance.

Battery Manufacturing Equipment Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

On the basis of Regional Analysis, The Global Battery Manufacturing Equipment Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Due to the increasing demand for electronic devices and gadgets associated with the region’s rapidly evolving technology, the North American market is the next in line to increase the market size. The market for battery manufacturing equipment in this region is showing signs of growth because of the abundance of information technology firms. Due to the rapid technological advancements in European countries, the market size is also growing.

There are currently only a few companies operating in Europe that are experts in battery cell manufacturing equipment, which is used for slurry mixing, electrode manufacture, cell assembly, and cell finishing. The majority of these businesses are located in China, Japan, and South Korea. Given their geographic proximity, which makes it easier to configure, ramp up, and support equipment, European equipment manufacturers have the chance to secure a good proportion of the profits pool while becoming key stakeholders to established cell manufacturers broadening into Europe and the United States as well as to newly established battery manufacturers.

Equipment producers who already sell the required equipment might increase their production to satisfy the soaring demand and reach out to both current and potential clients. While this is going on, producers who do not already sell the machinery required to make battery cells may decide to enter this market by utilizing their current equipment and machinery know-how from related operations. The rapid technological advancements made by the European countries also contribute to the growth of the industry.

Key Players

Looking to understand the world of battery manufacturing equipment? This report, called "Global Battery Manufacturing Equipment Market," dives deep into the global market and offers some really insightful details. We're talking about key players like Targray, Wuxi Lead Intelligent Equipment Co., Ltd., SHENZHEN YINGHE TECHNOLOGY CO., LTD., Xiamen Tmax Equipments, DAIICHI JITSUGYO CO., LTD., SOVEMA GROUP S.p.A., Battery Technology Source Co. Ltd., Hitachi High-Tech Corporation, CKD, Manz AG, Wirtz Manufacturing, Buhler, HIRANO TECSEED Co., Ltd, Shanghai Putailai New Energy Technology Co., Ltd., Foshan Golden Milky Way Intelligent Equipment Co., Ltd. (GMK), and Super Components. And, to give you the full picture, the report analyzes how these competitors stack up – covering their development strategies, how much of the market they own, and where they stand in the global arena.

Key Developments

  • In May 2022, by assisting customers in the U.S. with battery production, Xiamen Tmax Equipments kept a favorable relationship with them. It made available to them the 52-machine pouch cell pilot line, which includes everything from mixing to testing equipment. Xiamen Tmax Equipments provided complete solutions for the lab, pilot, and large-scale production of cylinder cells, coin cells, prismatic cells, pouch cells, and battery packs in accordance with the actual needs of the client.
  • In June 2022, Volkswagen and Wuxi Lead Intelligent Equipment Co., Ltd. have a deal for the delivery of machinery for the manufacture of 20GWh lithium batteries. The business would increase its market share in Europe and usher in a new phase of its international operations.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Battery Manufacturing Equipment Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Battery Manufacturing Equipment Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2018-2030

Base Year

2021

Forecast Period

2023-2030

Historical Period

2018-2020

Unit

Value (USD Billion)

Key Companies Profiled

Targray, Wuxi Lead Intelligent Equipment Co., Ltd., SHENZHEN YINGHE TECHNOLOGY CO., LTD., Xiamen Tmax Equipments, DAIICHI JITSUGYO CO., LTD., SOVEMA GROUP S.p.A.

Segments Covered

By Type, By Process, By Application, and By Geography.

Customization scope

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

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