Automotive Battery Recycling Market Forecast and Competitive Strategies

Automotive Battery Recycling Market Trends and Strategic Recommendations

The automotive battery recycling market is set to grow from USD 9497.67 billion in 2025 to USD 21092.37 billion by 2034, with an expected CAGR of 9.27% over the forecast period from 2025 to 2034.

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Introduction

The automotive battery recycling market is a crucial segment of the automotive industry. This industry deals in providing battery recycling services for automotives. There are various types of batteries recycled in this sector including lead acid batteries, lithium-ion batteries, nickel metal hydride batteries and some others. These batteries are used in numerous types of vehicles consisting of passenger cars, electric vehicles and commercial vehicles. The growing sales of commercial vehicles around the world has boosted the industrial expansion. This market is expected to rise significantly with the growth of the battery industry around the world.

• According to the OICA, around 285501 commercial vehicles were sold in Africa during 2022 that increased to 302106 in 2023.

Highlights of the Automotive Battery Recycling Market

• Asia Pacific held the dominant share of the automotive battery recycling market due to the rising investment in battery manufacturing sector in this region.
• North America is expected to grow with a significant CAGR due to the growing sales of automotives in this region.
• The passenger cars segment dominated the market due to the rising disposable income of the people across the world.
• The lead acid batteries segment led the market due to its several benefits such as high-power output, low cost and reliability.

Automotive Battery Recycling: Trends and Stats

• According to the International Energy Agency, the expected battery recycling capacity of China is projected to reach 600 GWh by 2026.
• According to the Transport Environment Organization, the battery regulation set up a target for minimum recycled lithium content in lithium-ion batteries at 6% by 2031.
• According to the CAS survey, the lithium-ion battery recycling industry is expected to grow with a CAGR of 43% during the forecast period (2021-30).
• The growing demand for EVs has increased the application of battery recycling services to fulfil the demands of the people.

Industry Leader Announcement

In October 2024, Ola Källenius, chairman of the board of management at Mercedes-Benz announced that,” Mercedes-Benz has set itself the goal of building the most desirable cars in a sustainable way, As a pioneer in automotive engineering, Europe’s first integrated mechanical hydrometallurgical battery recycling factory marks a key milestone towards enhancing raw materials sustainability. Together, with our partners from industry and science, we are sending a strong signal of innovative strength for sustainable electric mobility and value creation in Germany and Europe.”

Regional Insights

Asia Pacific dominated the automotive battery recycling market. The market in this region is driven by the presence of numerous battery manufacturers in countries such as China, India, Japan and some others. Additionally, several government initiatives aimed at strengthening the battery manufacturing sector has boosted the industrial expansion.

In Asia Pacific, China held the maximum share of the market. In China, the market is driven by the advancements in battery technologies along with availability of raw materials. India contributes significantly to the market due to the rising adoption of EVs in this country.

Competitive Landscape

The automotive battery recycling market is a highly fragmented industry with the presence of numerous dominant players. Some of the prominent companies of this industry comprises of Accurec Recycling GmbH, Call2Recycle Inc., Contemporary Amperex Technology Co. Ltd., Duesenfeld GmbH, East Penn Manufacturing Co. Inc., Ecobat LLC, ENGITEC TECHNOLOGIES SPA, Exide Industries Ltd., Fortum Oyj, Glencore Plc, Li Cycle Holdings Corp., Redwood Materials Inc. and some others. These market players are constantly engaged in providing automotive battery recycling services to consumers and adopting several strategies to sustain their dominant position in this industry.

• According to the annual report of Call2Recycle, the revenue of the company in 2022 was US$ 19822629 that increased to US$ 23847008 in 2023.

Market Segmentations

By Battery Type

• Lead acid batteries
• Lithium-ion batteries
• Nickel-Metal Hydride (NiMH) batteries
• Others

By Vehicle Type

• Passenger cars
• Commercial vehicles
• Electic vehicles (EV)

By Region

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