Electric Vehicle (EV) Battery Housing Market Poised for Robust Growth, Forecasted to Expand at 38% CAGR from 2023-28

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Electric Vehicle (EV) Battery Housing Market is projected to grow at a CAGR of around 38% during the forecast period, i.e., 2023-28. 

Report Coverage

This report offers a comprehensive analysis of the Electric Vehicle (EV) Battery Housing Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

  • Base Year: 2022
  • Forecast Years: 2023-28
  • Historical Years: 2018-21

Electric Vehicle (EV) Battery Housing Market Overview

The major factors responsible for this market growth included the expansion of research laboratories across China and increasing R&D investments in the country. In recent years, the country has been largely facing geopolitical tensions, which have been impacting its economic growth. Hence, observing these impacts on economic growth, the government of China has initiated aligning its spending toward research & development, to become a technological powerhouse across the globe.

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Electric Vehicle (EV) Battery Housing Market Segmentation Outlook

The Electric Vehicle (EV) Battery Housing is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Material

  • Steel
  • Aluminum
  • Glass Fiber-Reinforcede Polymer (GFRP)
  • Carbon Fiber Reinforced Polymer (CFRP)

By Cell Format Type

  • Pouch Cell
  • Cylindrical Cell
  • Prismatic Cell

By Vehicle Type

  • All Electric Vehicles
    • Passenger cars
    • Commercial Vehicles
    • Two wheelers and Three wheelers
  • Hybrid Electric Vehicle & Plug in Hybrid Electric Vehicle
    • Passenger cars
    • Commercial Vehicles
    • Two wheeler

By Region

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Electric Vehicle (EV) Battery Housing Market D/C/T/o

Ever-Increasing Demand for Electric Vehicles as A Sustainable Substitute to ICE Vehicles- Offering incentives to the buyers, establishing more charging stations along with Hydrogen fuel stations across the globe, more lifespan as compared to the standard cars, zero-emission vehicles through tax rebates and subsidies, and strengthening security features are some of the crucial aspects that will contribute to the global rise in the demand for EV cars. As a result, the market is anticipated to expand in the upcoming years. Additionally, the primary idea for improvising safety features is to implement

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Top Electric Vehicle (EV) Battery Housing Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies SGL Carbon SE, Novelis Inc., Constellium SE, Nemak, S.A.B. de C.V., GF Linamar LLC, Minth Group, ThyssenKrupp AG, Hitachi Metals, Ltd., POSCO, Norsk Hydro ASA, Gestamp Automocion, S.A., UACJ Corporation, Hanwha Advanced Materials, Continental Structural Plastics Inc., TRB Lightweight Structures Others as key players shaping the market landscape.

Electric Vehicle (EV) Battery Housing Market News

  • In February 2022, MG Motors unveiled the MG 4, which is scheduled to start running on the roads of India later in 2022. It was reported that the vehicle is expected to cover a maximum distance of 400 km in one go, thanks to its 61.1 kWh battery pack. With its "One Pack" battery technology (known as the Rubik's Cube battery system in China), the MG4 EV is said to incorporate a smaller and flatter battery in comparison to ordinary battery electric vehicles. The expected price of the vehicle is valued at around 15-21 lakhs. 

Key Questions Answered in the Report

  • What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
  • How the industry has been evolving, and which segments would dominate the market during the forecast period?
  • What are the key opportunity areas that companies foresee in the coming years 2028?
  • Who are the key players in the market, and what are their competitive strengths?
  • What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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