North America EV Battery Housing Market Synopsis:
North America EV Battery Housing Market Size Was Valued at USD 6.01 Billion in 2023 and is Projected to Reach USD 13.67 Billion by 2032, Growing at a CAGR of 9.56% From 2024-2032.
Electric Vehicle (EV) Battery Housing refers to a specially designed enclosure that protects the batteries of electric vehicles from external factors such as mechanical impact, electromagnetic interference, water ingress, and thermal loads. It ensures the structural integrity and performance of lithium-ion or other battery types. The housing also plays a key role in reducing the weight of electric vehicles, enhancing overall efficiency and driving range. Common materials used include aluminum, composites, and steel.
The North America EV Battery Housing Market is growing rapidly, driven by the increasing adoption of electric and hybrid vehicles globally. The rise in demand for environmentally sustainable transportation and stringent emission regulations are key factors fueling this growth. Lightweight materials, including aluminum and advanced composites, are increasingly used to improve energy efficiency and extend vehicle range, creating significant opportunities for material innovation and design enhancements.
North America EV Battery Housing Market encounters difficulties like elevated production expenses and the requirement for sophisticated manufacturing methods to achieve lightweight, resilient, and economical designs. Nonetheless, the growing emphasis on sustainability and material recyclability offers new prospects. The creation of new composites and advanced aluminum alloys with better strength-to-weight ratios can propel future advancements, aiding the shift to electric mobility and improving vehicle performance and safety.
North America EV Battery Housing Market Trend Analysis:
Increasing Adoption of Lightweight Materials
- The ever-increasing focus on developing EV battery housing with lightweight materials can be attributed to the need to increase operational efficiency and performance of the vehicle. Stemming from advanced lightweight metals, some of the most preferred materials today instead of conventional steel are aluminum, carbon fiber, and more in addition to other advanced composite products. Thus, with thinner battery houses, the energy/distance and energy/acceleration ratios of electric vehicles could be improved by minimizing the weight of both the battery and vehicle.
- Another aspect related to weight reduction is that it helps minimize the power consumed by a device; this is beneficial in terms of maximizing the battery life of the device and minimizing the frequency of recharges. Therefore, the usage of these components aims at the achievement of increased efficiency in electric vehicles through weight reduction, which is a goal shared by the electric vehicle industry.
- Furthermore, In the EV battery housing, the incorporation of lightweight material is also another key benefit that helps to overcome safety and thermal management issues. The above materials can be formulated to offer high mechanical strength and impact toughness to safeguard battery cells in the occurrence of shocks. Furthermore, in concern to thermal properties, advanced composites and aluminium possess higher coefficient of thermal conductivity than the other form of materials that is useful in handling the heat and keeping battery temperatures at optimum level.
- This makes the battery system safer as well as reliable. Therefore, the continuous process of innovating new materials for vehicles, particularly for lightweight one, is crucial in enhancing the capacity and performance of electric vehicles to level with or outcompete other traditional gasoline engine vehicles in the market for all concerned stakeholders, and the world in a phased transition to green vehicles.
Development of New Materials
- EV battery housing is growing to be a focal area in the view of a range of concerns that centres on new materials, weight, and safety. They include high-strength aluminum alloys, magnesium, for new structure materials, and novel composites for new electric vehicle weight reducing requirements.
- These materials not only lighter the battery housing in total, thus enhancing automobile performance and its range, but offer superior mechanical strength and resistance to shocks. In the race for supremacy of EV manufacturers working on optimizing almost every facet of their designs, the use of these new age materials is a godsend because of their inherent properties that enhance battery system durability, safety and efficiency.
- Furthermore, the report also the potential for new ways of improving thermal conditioning with the battery casing through exploring new types of materials. It is seen that usage of certain new materials offers enhanced heat conduction so as to enable battery cells remain within required temperature limits. This is important for battery health and also avoids the possibility of burst batteries. Thus, the advancement in material sciences in terms of design lightweight yet exhibiting high thermal and mechanical shock operation can mean better integrated and compact construction of battery housing.
- This can minimize the necessity for space for other components or even the comfort of passengers, which can increase the versatility and aesthetic value of electric vehicles. As a result, the booster for the developments of the new products in the North America EV Battery Housing Market heavily relies on the growth of the material science, which provides a series of advantages and opportunities for the manufacturers and consumers.
North America EV Battery Housing Market Segment Analysis:
North America EV Battery Housing Market is segmented based on Vehicle Type, and Materials.
By Vehicle Type, Passenger Car is expected to dominate the market during the forecast period
- In the North America EV Battery Housing Market, the passenger car segment currently dominates. This dominance is primarily driven by the rapid growth in consumer demand for electric passenger vehicles, spurred by increasing environmental awareness, supportive government policies, and advancements in EV technology.
- Major automotive manufacturers are heavily investing in electric passenger cars, resulting in a wide range of models with varying price points and features. As these vehicles become more affordable and practical for everyday use, the market for battery housings tailored to passenger cars expands accordingly. This segment benefits from high production volumes and continuous innovation, aimed at enhancing efficiency, safety, and performance of battery systems.
- On the other hand, the commercial vehicle segment, while growing, is still in a developmental phase compared to the passenger car segment. Commercial EVs, such as electric trucks, buses, and delivery vans, are gradually gaining traction due to their potential for reducing operational costs and emissions in logistics and public transport. However, the adoption rate is slower, partly due to the higher initial costs and the need for robust infrastructure to support their widespread use.
- Despite this, the commercial vehicle segment presents significant future growth opportunities for the North America EV Battery Housing Market as more businesses and municipalities transition to electric fleets. The unique requirements of commercial EVs, such as larger battery capacities and enhanced durability, are driving specialized developments in battery housing solutions, which will become increasingly important as this segment expand.
By Materials, Aluminium segment held the largest share
- In the North America EV Battery Housing Market, the aluminum segment is currently the dominant material. Aluminum is highly favored due to its excellent strength-to-weight ratio, which allows for robust protection of battery cells while minimizing the overall weight of the vehicle. This reduction in weight is crucial for enhancing the efficiency and range of electric vehicles.
- Additionally, aluminum offers good thermal conductivity, which aids in effective heat dissipation and thermal management of the battery pack, ensuring optimal performance and safety. The widespread availability and established manufacturing processes for aluminum also contribute to its dominance, making it a cost-effective choice for large-scale production.
- While steel is still used in some applications due to its high strength and lower cost, it is less preferred for EV battery housings because it adds significant weight, which can negatively impact vehicle performance and efficiency. The "Others" category, which includes advanced materials like carbon fiber and carbon glass composites, represents a growing but currently smaller segment of the market.
- These materials offer superior lightweight properties and exceptional strength, but their higher costs and complex manufacturing requirements limit their use primarily to high-end or performance-oriented electric vehicles. As technology and production techniques evolve, the adoption of these advanced materials may increase, but for now, aluminum remains the dominantaterial in the North America EV Battery Housing Market.
North America EV Battery Housing Market Regional Insights:
United States is Expected to Dominate the Market Over the Forecast Period
- The rapid growth of electric vehicle (EV) sales has driven a significant increase in demand for batteries. In 2023, the demand for EV batteries surpassed 750 GWh, marking a 40% rise compared to 2022. However, this growth, while substantial, showed a slight deceleration from the higher annual increase seen between 2021 and 2022. The rising adoption of EVs across multiple regions continues to push the battery marketās expansion, making it a pivotal sector for future transportation technology.
- Electric cars remain the dominant force behind the surge in battery demand, accounting for 95% of this growth. Increased consumer interest in eco-friendly transportation and government incentives supporting EV adoption have amplified sales. The rising popularity of battery electric vehicles (BEVs) and plug-in hybrids (PHEVs) has cemented the automotive sector as the primary driver of battery consumption, contributing to unprecedented market momentum.
- In addition to the volume of EVs sold, the growing preference for larger vehicles, particularly SUVs, is also contributing to battery demand. About 5% of the total battery demand increase is attributed to larger battery sizes, driven by the higher energy requirements of SUVs. This trend reflects consumers' demand for more spacious and high-performance EVs, emphasizing the need for higher capacity batteries to maintain competitive range and power.
- The United States leads the North America EV Battery Housing Market in North America, reflecting its robust automotive manufacturing capabilities and investment in EV infrastructure. The dominance of the U.S. is fueled by strong growth in domestic EV production, advancements in lightweight materials, and innovations in thermal management systems within battery enclosures. Additionally, supportive policies and the expanding presence of major battery manufacturers are reinforcing its leadership position, positioning the country as a key player in the global EV battery supply chain.
Active Key Players in the North America EV Battery Housing Market
- Constellium SE (France)
- Evonik Industries AG (Germany)
- Gestamp Automocion, S.A (Spain)
- GF Linamar LLC (U.S.)
- Hitachi Metals, Ltd. (Japan)
- LANXESS (Germany)
- Magna International Inc. (Canada)
- Minth Group (China)
- Nemak, S.A.B. de C.V. (Mexico)
- Norsk Hydro ASA (Norway)
- Novelis Inc. (U.S.)
- SGL Carbon (Germany)
- ThyssenKrupp AG (Germany)
- TRB Lightweight (U.K.) and Other Active Players
Key Industry Developments in the North America EV Battery Housing Market:
- In October 2024, The Biden-Harris Administration announced nearly $45 million in funding from the Bipartisan Infrastructure Law (BIL) to reduce electric vehicle (EV) battery recycling costs. On October 31, 2024, the U.S. Department of Energy (DOE) allocated $44.8 million for eight projects aimed at lowering the costs of recycling EV batteries and components, ultimately decreasing vehicle prices. Under their leadership, over four million EVs were sold in the U.S., more than doubling previous totals.
- In January 2024, the battery casing fabricated of glass fibre reinforced plastic for E-Works Mobilityās new generation electrical scooters were technology partnered by SGL Carbon. The e-car manufacturer is replacing the aluminum battery boxes that it now employs with GFH GFK and composite material boxes from SGL Carbon.
North America EV Battery Housing Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.01 Bn. |
Forecast Period 2024-32 CAGR: |
9.56% |
Market Size in 2032: |
USD 13.67 Bn. |
Segments Covered: |
By Vehicle Type |
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By Materials |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
ā3.1 Industry Dynamics and Opportunity Analysis
āā3.1.1 Growth Drivers
āā3.1.2 Limiting Factors
āā3.1.3 Growth Opportunities
āā3.1.4 Challenges and Risks
ā3.2 Market Trend Analysis
ā3.3 Strategic Pestle Overview
ā3.4 Porter's Five Forces Framework
ā3.5 Industry Value Chain Mapping
ā3.6 Regulatory Framework
ā3.7 Pricing Trend Analysis
ā3.8 Patent Analysis
ā3.9 Technology Evolution
ā3.10 Investment Pockets
ā3.11 Import-Export Analysis
Chapter 4: North America EV Battery Housing Market by Vehicle Type
ā4.1 North America EV Battery Housing Market Snapshot and Growth Engine
ā4.2 Market Overview
ā4.3 Passenger Car
āā4.3.1 Introduction and Market Overview
āā4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā4.3.3 Key Market Trends, Growth Factors and Opportunities
āā4.3.4 Passenger Car: Geographic Segmentation Analysis
ā4.4 Commercial Vehicle
āā4.4.1 Introduction and Market Overview
āā4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā4.4.3 Key Market Trends, Growth Factors and Opportunities
āā4.4.4 Commercial Vehicle: Geographic Segmentation Analysis
Chapter 5: North America EV Battery Housing Market by Materials
ā5.1 North America EV Battery Housing Market Snapshot and Growth Engine
ā5.2 Market Overview
ā5.3 Steel
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Steel: Geographic Segmentation Analysis
ā5.4 Aluminum
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Aluminum: Geographic Segmentation Analysis
ā5.5 Glass Fiber-Reinforced Polymer
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Glass Fiber-Reinforced Polymer: Geographic Segmentation Analysis
ā5.6 Carbon Fiber Reinforced Polymer
āā5.6.1 Introduction and Market Overview
āā5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā5.6.3 Key Market Trends, Growth Factors and Opportunities
āā5.6.4 Carbon Fiber Reinforced Polymer: Geographic Segmentation Analysis
Chapter 6: Company Profiles and Competitive Analysis
ā6.1 Competitive Landscape
āā6.1.1 Competitive Benchmarking
āā6.1.2 North America EV Battery Housing Market Share by Manufacturer (2023)
āā6.1.3 Industry BCG Matrix
āā6.1.4 Heat Map Analysis
āā6.1.5 Mergers and Acquisitionsāā
ā6.2 CONSTELLIUM SE::FRANCE)
āā6.2.1 Company Overview
āā6.2.2 Key Executives
āā6.2.3 Company Snapshot
āā6.2.4 Operating Business Segments
āā6.2.5 Product Portfolio
āā6.2.6 Business Performance
āā6.2.7 Recent News & Development
āā6.2.8 SWOT Analysis
ā6.3 EVONIK INDUSTRIES AG::GERMANY)
ā6.4 GESTAMP AUTOMOCION
ā6.5 S.A::SPAIN)
ā6.6 GF LINAMAR LLC::U.S.)
ā6.7 HITACHI METALS
ā6.8 LTD.::JAPAN)
ā6.9 LANXESS::GERMANY)
ā6.10 MAGNA INTERNATIONAL INC.::CANADA)
ā6.11 MINTH GROUP::CHINA)
ā6.12 NEMAK
ā6.13 S.A.B. DE C.V.::MEXICO)
ā6.14 NORSK HYDRO ASA::NORWAY)
ā6.15 NOVELIS INC.::U.S.)
ā6.16 SGL CARBON::GERMANY)
ā6.17 THYSSENKRUPP AG::GERMANY)
ā6.18 TRB LIGHTWEIGHT::U.K.)
ā6.19 OTHER ACTIVE PLAYERS
Chapter 7:North America EV Battery Housing Market Analysis, Insights and Forecast, 2016-2028
ā7.1 Market Overview
ā7.2 Key Market Trends, Growth Factors and Opportunities
ā7.3 Key Players
ā7.4 Historic and Forecasted Market Size By Vehicle Type
āā7.4.1 Passenger Car
āā7.4.2 Commercial Vehicle
ā7.5 Historic and Forecasted Market Size By Materials
āā7.5.1 Steel
āā7.5.2 Aluminum
āā7.5.3 Glass Fiber-Reinforced Polymer
āā7.5.4 Carbon Fiber Reinforced Polymer
ā7.6 Historic and Forecast Market Size by Country
āā7.6.1 U.S.
āā7.6.2 Canada
āā7.6.3 Mexico
Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Conclusion
Chapter 9 Our Thematic Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
North America EV Battery Housing Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.01 Bn. |
Forecast Period 2024-32 CAGR: |
9.56% |
Market Size in 2032: |
USD 13.67 Bn. |
Segments Covered: |
By Vehicle Type |
|
|
By Materials |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the North America EV Battery Housing Market research report is 2024-2032.
Constellium SE (France), Evonik Industries AG (Germany), Gestamp Automocion, S.A (Spain), GF Linamar LLC (U.S.), Hitachi Metals, Ltd. (Japan), LANXESS (Germany), Magna International Inc. (Canada), Minth Group (China), Nemak, S.A.B. de C.V. (Mexico),Norsk Hydro ASA (Norway),Novelis Inc. (U.S.),SGL Carbon (Germany),ThyssenKrupp AG (Germany),TRB Lightweight (U.K.) and Other Active Players
The North America EV Battery Housing Market is segmented into Vehicle Type, Materials, and region. The market is categorized by Vehicle Type into Passenger Car, Commercial Vehicle. The market is categorized by Materials into Steel, Aluminium, Glass Fibre-Reinforced Polymer (GFRP), and Carbon Fiber Reinforced Polymer (CFRP). By region, it is analysed across North America (U.S.; Canada; Mexico).
Electric Vehicle (EV) Battery Housing refers to a specially designed enclosure that protects the batteries of electric vehicles from external factors such as mechanical impact, electromagnetic interference, water ingress, and thermal loads. It ensures the structural integrity and performance of lithium-ion or other battery types. The housing also plays a key role in reducing the weight of electric vehicles, enhancing overall efficiency and driving range. Common materials used include aluminum, composites, and steel.
North America EV Battery Housing Market Size Was Valued at USD 6.01 Billion in 2023 and is Projected to Reach USD 13.67 Billion by 2032, Growing at a CAGR of 9.56% From 2024-2032.