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.

Electric vehicle batteries are becoming an essential component of the entire industry and supply chain due to the significant growth in demand for electric vehicles. Due to the owners of electric vehicles’ ongoing renovation or refilling, the battery market also demonstrates to be a part of the after-sales industry. The various sizes and types of batteries required by the many kinds of vehicles that are manufactured on the market represent a significant opportunity for the expanding battery production industry. Government policies that support these battery-powered electric vehicles have also encouraged people to choose these cutting-edge advancements, which are very advantageous to society as a whole.

Moreover, the increased use of batteries in consumer electronics, healthcare, aerospace, telecom, and other industries, among others, are some of the factors driving the growth of the global market for battery manufacturing equipment. Batteries are utilized in a variety of products, including automobiles, storage devices, smart consumer gadgets, instruments for enhancing human performance, and defensive gear. Research scientists from all over the world are working to develop new production techniques or battery chemistries that can use more widely accessible, environmentally friendly components, but these innovations are not yet widely used. In addition, the recent focus on green environments is creating demand.

The COVID-19 pandemic had a negative impact on the market and linked industries in 2020, which led to a fall in the market for battery manufacturing equipment. The declaration of a global lockdown brought about a number of issues for the market for battery production equipment, including tight cash flow, supply chain problems, a shortage of qualified labor, and a drop in demand from important end-use sectors. Due to factory closures and supply chain disruptions in 2019–2020, end-use sectors for the market for battery manufacturing equipment experienced decreased growth, including the automobile industry. The total number of new vehicle sales in the European Union in January and February 2020 was 7.4% lower than they were during the same time period in 2019, according to the European Automobile Manufacturers Association.

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.)

Based on Type, the market is segmented into Lead Acid, Lithium Ion, Nickel Metal Hydride, Nickel Cadmium, And Others. The market for battery production equipment was dominated by lithium-ion batteries, according to battery type. For low-carbon technology like electric vehicles, lithium-ion batteries are the chosen power source. They have a large amount of energy that they can store in a compact space, charging capabilities, and a tendency to continue working even after hundreds or even thousands of charge cycles. These batteries are a crucial part of the current effort to phase out gas-powered cars that emit carbon dioxide and other forms of pollution from carbon. Due to their similarities, these batteries are also great options for the electric grid’s power storage.

Battery Manufacturing Equipment Market, By Process

• Electrode Manufacturing
• Cell Assembly
• Cell Finishing

Based on Process, the market is segmented into Electrode Manufacturing, Cell Assembly, and Cell Finishing. Three processes in the production of a battery cell require about equal shares of capital investments35 to 45 percent for equipment to make electrodes, 25 to 35 percent for equipment to assemble and handle cells, and 30 to 35 percent for equipment to complete cells. Some procedures, such as coating and electrolyte filling are either exclusive to or very particular to the production of battery cells. These procedures require clean- and dry-room settings as well as an understanding of it high-accuracy thin-layer deposition. Other operations, including cell creation, aging, and slitting, are comparable to those that are frequently used in other industries or call for into 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

With a focus on the global market, the “Global Battery Manufacturing Equipment Market” study report will offer insightful information. The major players in the market are 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. The competitive landscape section also includes information about the above competitors’ key development strategies, market share analyses, and market positioning analyses on a global scale.

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

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