Used Electric Vehicle Battery Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle), By Type (Lead Acid, Lithium-Ion), By Application (Energy Storage, Electric Vehicle Charging, Base Station, Low-Speed EV, Others), and By Region

  • Industry : Automotive
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Summary

Report Description

The global used electric vehicle battery market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027. The market is driven by the factors such as increased sales and production of electric vehicles and growing awareness about the profitability of used electric vehicle batteries among the business owners. Also, the supportive government policies promoting the use and sales of electric vehicles and advancements in electric vehicle battery technology are the other prominent factors that are expected to fuel the global used electric vehicle battery market in the forecast period. 

Rise in Production and Sales of Electric Vehicles Drives the Market Growth

Growing pollution levels and the rise in greenhouse emissions into the environment are increasing the concerns of leading authorities to adopt sustainable methods. The automotive industry is a major contributor and emits a large volume of carbon emissions into the environment. The conventional energy sources have limited quantity and are depleting at a rapid rate, creating the demand to search for alternate energy sources. Electric vehicles use electricity for fuel, do not emit harmful gases into the environment, and are more economical than conventional vehicles. They can convert about 50% of the electrical energy from the grid power, which is a significant quantity. The cost of electric vehicles is rapidly decreasing owing to the advancements in technology and the need to manufacture electric vehicles on a large scale. Electric vehicles keep lithium/ion batteries instead of petrol/diesel engine vehicles to store energy for usage. Massive adoption of electric vehicles worldwide is resulting in the availability of a large number of batteries that do meet the specifications required for an electric vehicle. After first use in electric vehicles, batteries can maintain 80 percent of the total usable capacity and achieve a resting period of about 5% over a 24-hour period. Therefore, the efforts taken by the market players to work on the technology to utilize the electric vehicle for the second time are expected to boost the growth of the global used electric vehicle battery market in the forecast period.

Supportive Government Policies Favors the Market Growth

The growing concerns regarding the current environmental condition are making the leading authorities introduce stringent emission norms and laws that can reduce carbon emissions. They have set targets to lower vehicle emissions and promote the production and sales of electric vehicles and related charging infrastructure. The government is also offering incentives to buyers and manufacturers of electric vehicles. Such as, the government of India introduced a scheme called FAME, or Faster Adoption and Manufacturing of (Hybrid and) Electric vehicles is, the government program to promote mobility. The scheme is in its second phase, and the government allocated funds worth 10,000 Crore in April 2019 budget. Also, the United States government invested USD5 million in 2017 to encourage the development of electric vehicle charging infrastructure in the country. High support from the government to develop electric vehicles in the form of incentives and policies and the growing number of electric vehicle manufacturers are expected to propel the demand for the global used electric vehicle market in the forecast period.


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Market Segmentation

The global used electric vehicle battery market is segmented into vehicle type, type, application, regional distribution, and competition landscape. Based on vehicle type, the market is divided into two-wheeler, passenger car, and commercial vehicle. Based on the type, the market is divided into lead acid and lithium-ion. Based on application, the market is divided into energy storage, electric vehicle charging, base station, low-speed EV, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, Asia-Pacific region, European & CIS region, South American region, and Middle East & African region. In terms of country, the United States is expected to grow at a significant rate in the forecast period. The presence of major market players, early adoption of advanced technologies, and massive electric vehicles are expected to drive the market demand.

Market Players

BMW AG, Nissan Motor Co. Ltd., General Motors Company, Toyota Corporation, Daimler AG, Tesla Inc. are the major market players operating in the global used electric vehicle battery market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Vehicle Type

·         Type

·         Application

Regional scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Columbia; South Africa; Iran; Turkey; Egypt

Key companies profiled

BMW AG, Nissan Motor Co. Ltd., General Motors Company, Toyota Corporation, Daimler AG, Tesla Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, global used electric vehicle battery market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Used Electric Vehicle Battery Market, By Vehicle Type:
    • Two-Wheeler
    • Passenger Car
    • Commercial Vehicle
  • Used Electric Vehicle Battery Market, By Type:
    • Lead Acid
    • Lithium-Ion
  • Used Electric Vehicle Battery Market, By Application:
    • Energy Storage
    • Electric Vehicle Charging
    • Base Station
    • Low-Speed EV
    • Others
  • Used Electric Vehicle Battery Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • Malaysia
      • Thailand
      • Indonesia
      • Vietnam
      • South Korea
    • Europe & CIS
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
      • Belgium
      • Russia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa

§  South Africa

§  Iran

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global used electric vehicle battery market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Used Electric Vehicle Battery Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Used Electric Vehicle Battery Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided Brand Recall and Unaided Brand Recall

5.3.  Challenges/Unmet Needs

6.    Global Used Electric Vehicle Battery Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle)

6.2.2.     By Type (Lead Acid, Lithium-Ion)

6.2.3.     By Application (Energy Storage, Electric Vehicle Charging, Base Station, Low-Speed EV, Others)

6.2.4.     By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

6.2.5.     By Company (2021)

6.3.  Product Market Map (By Vehicle Type, By Region)

7.    North America Used Electric Vehicle Battery Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Type

7.2.3.     By Application

7.2.4.     By Country (United States; Canada; Mexico)

7.3.  Product Market Map (By Vehicle Type, By Country)

7.4.  North America: Country Analysis

7.4.1.     United States Used Electric Vehicle Battery Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Vehicle Type

7.4.1.2.2.             By Type

7.4.1.2.3.             By Application

7.4.2.     Canada Used Electric Vehicle Battery Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Vehicle Type

7.4.2.2.2.             By Type

7.4.2.2.3.             By Application

7.4.3.     Mexico Used Electric Vehicle Battery Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Vehicle Type

7.4.3.2.2.             By Type

7.4.3.2.3.             By Application

8.    Asia Pacific Used Electric Vehicle Battery Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Type

8.2.3.     By Application

8.2.4.     By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)

8.2.5.     Product Market Map (By Vehicle Type, By Country)

8.3.  Asia Pacific: Country Analysis

8.3.1.     China Used Electric Vehicle Battery Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Vehicle Type

8.3.1.2.2.             By Type

8.3.1.2.3.             By Application

8.3.2.     India Used Electric Vehicle Battery Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Vehicle Type

8.3.2.2.2.             By Type

8.3.2.2.3.             By Application

8.3.3.     Japan Used Electric Vehicle Battery Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Vehicle Type

8.3.3.2.2.             By Type

8.3.3.2.3.             By Application

8.3.4.     Malaysia Used Electric Vehicle Battery Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Vehicle Type

8.3.4.2.2.             By Type

8.3.4.2.3.             By Application

8.3.5.     Thailand Used Electric Vehicle Battery Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Vehicle Type

8.3.5.2.2.             By Type

8.3.5.2.3.             By Application

8.3.6.     Indonesia Used Electric Vehicle Battery Market Outlook

8.3.6.1.         Market Size & Forecast

8.3.6.1.1.             By Value

8.3.6.2.         Market Share & Forecast

8.3.6.2.1.             By Vehicle Type

8.3.6.2.2.             By Type

8.3.6.2.3.             By Application

8.3.7.     Vietnam Used Electric Vehicle Battery Market Outlook

8.3.7.1.         Market Size & Forecast

8.3.7.1.1.             By Value

8.3.7.2.         Market Share & Forecast

8.3.7.2.1.             By Vehicle Type

8.3.7.2.2.             By Type

8.3.7.2.3.             By Application

8.3.8.     South Korea Used Electric Vehicle Battery Market Outlook

8.3.8.1.         Market Size & Forecast

8.3.8.1.1.             By Value

8.3.8.2.         Market Share & Forecast

8.3.8.2.1.             By Vehicle Type

8.3.8.2.2.             By Type

8.3.8.2.3.             By Application

9.    Europe & CIS Used Electric Vehicle Battery Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Type

9.2.3.     By Application

9.2.4.     By Country (Germany, France, United Kingdom, Spain, Italy, Belgium, Russia)

9.3.  Product Market Map (By Vehicle Type, By Country)

9.4.  Europe & CIS: Country Analysis

9.4.1.     Germany Used Electric Vehicle Battery Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Vehicle Type

9.4.1.2.2.             By Type

9.4.1.2.3.             By Application

9.4.2.     France Used Electric Vehicle Battery Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Vehicle Type

9.4.2.2.2.             By Type

9.4.2.2.3.             By Application

9.4.3.     United Kingdom Used Electric Vehicle Battery Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Vehicle Type

9.4.3.2.2.             By Type

9.4.3.2.3.             By Application

9.4.4.     Spain Used Electric Vehicle Battery Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Vehicle Type

9.4.4.2.2.             By Type

9.4.4.2.3.             By Application

9.4.5.     Italy Used Electric Vehicle Battery Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Vehicle Type

9.4.5.2.2.             By Type

9.4.5.2.3.             By Application

9.4.6.     Belgium Used Electric Vehicle Battery Market Outlook

9.4.6.1.         Market Size & Forecast

9.4.6.1.1.             By Value

9.4.6.2.         Market Share & Forecast

9.4.6.2.1.             By Vehicle Type

9.4.6.2.2.             By Type

9.4.6.2.3.             By Application

9.4.7.     Russia Used Electric Vehicle Battery Market Outlook

9.4.7.1.         Market Size & Forecast

9.4.7.1.1.             By Value

9.4.7.2.         Market Share & Forecast

9.4.7.2.1.             By Vehicle Type

9.4.7.2.2.             By Type

9.4.7.2.3.             By Application

10.  South America Used Electric Vehicle Battery Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Type

10.2.3.  By Application

10.2.4.  By Country (Brazil, Argentina, Colombia)

10.3.              Product Market Map (By Vehicle Type, By Country)

10.4.              South America: Country Analysis

10.4.1.  Brazil Used Electric Vehicle Battery Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Vehicle Type

10.4.1.2.2.           By Type

10.4.1.2.3.           By Application

10.4.2.  Argentina Used Electric Vehicle Battery Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Vehicle Type

10.4.2.2.2.           By Type

10.4.2.2.3.           By Application

10.4.3.  Colombia Used Electric Vehicle Battery Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Vehicle Type

10.4.3.2.2.           By Type

10.4.3.2.3.           By Application

11.  Middle East and Africa Used Electric Vehicle Battery Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Type

11.2.3.  By Application

11.2.4.  By Country (South Africa, Iran, Turkey, Egypt)

11.3.              Product Market Map (By Vehicle Type, By Country)

11.4.              Middle East and Africa: Country Analysis

11.4.1.  South Africa Used Electric Vehicle Battery Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Value

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Vehicle Type

11.4.1.2.2.           By Type

11.4.1.2.3.           By Application

11.4.2.  Iran Used Electric Vehicle Battery Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Value

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Vehicle Type

11.4.2.2.2.           By Type

11.4.2.2.3.           By Application

11.4.3.  Turkey Used Electric Vehicle Battery Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Value

11.4.3.2.      Market Share & Forecast

11.4.3.2.1.           By Vehicle Type

11.4.3.2.2.           By Type

11.4.3.2.3.           By Application

11.4.4.  Egypt Used Electric Vehicle Battery Market Outlook

11.4.4.1.      Market Size & Forecast

11.4.4.1.1.           By Value

11.4.4.2.      Market Share & Forecast

11.4.4.2.1.           By Vehicle Type

11.4.4.2.2.           By Type

11.4.4.2.3.           By Application

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.              Company Profiles

14.1.1.  Company Details

14.1.2.  Financials (As reported)

14.1.3.  Key Market Focus and Geographical Presence

14.1.4.  Pricing of Target Products

14.1.5.  Market positioning

14.2.              BMW AG

14.3.              Nissan Motor Co. Ltd.

14.4.              General Motors Company

14.5.              Toyota Corporation

14.6.              Daimler AG

14.7.              Tesla Inc.

15.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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Increased sales and production of electric vehicles and growing awareness about the profitability of used electric vehicle batteries among the business owners are driving the demand for the global used electric vehicle battery market.

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BMW AG, Nissan Motor Co. Ltd., General Motors Company, Toyota Corporation, Daimler AG, and Tesla Inc are the major market players operating in the global used electric vehicle battery market.

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Based on vehicle type, the market is divided into two-wheeler, passenger cars, and commercial vehicles. The passenger car segment is expected to hold the largest market share in the forecast period.

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Asia-pacific is expected to capture the highest market share in the forecast period.

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Srishti Verma

Business Consultant
Press Release

Used Electric Vehicle Battery Market to be dominated by Energy Storage Applications through 2027

Oct, 2022

Increased demand for zero-emission vehicles and growing demand for recycled products & materials are expected to drive the growth of the global used electric vehicle battery market in the forecast pe

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