Battery Structural Parts Market Size, Share, & COVID-19 Impact Analysis, By Type (Battery Housing, Cover Plates, Connecting Parts, and Others), By Application (Electric Vehicles, Energy Storage Systems, and Consumer Electronics), and Regional Forecast, 2024-2032

Battery structural parts provide physical support, protection, and organization to the cells and other internal components. These parts are designed to maintain the battery's structural integrity and ensure its safe operation. The structural elements are mainly made from aluminum or steel cover, shell connecting pieces, and structural safety parts, which affect the battery's sealing and energy density. The design and composition of these parts will vary depending on the type and application of the battery.

• For instance, Wuxi Lead in China specializes in producing battery assembly equipment, including structural parts. They offer a range of solutions, such as battery cell stacking machines and battery pack assembly lines. Their battery structural parts include components such as battery casings, terminals, cell holders, and separators.

The rising adoption of electric vehicles is a significant driver for the growth of battery structural parts. As the EV market expands, the need for efficient and reliable battery components increases, increasing the demand for battery structural parts. The increasing environmental regulations and the growing focus on sustainability increase the demand for energy-efficient solutions. Moreover, the ongoing advancements in battery technologies, such as energy density, life cycle, and safety, drive the need for innovative and optimized battery structural parts to support harsh environments.

While battery technologies are advancing, there are technical difficulties that manufacturers need to overcome. Developing high-performing and efficient batteries can face challenges such as low energy density and relatively shorter lifespan. Moreover, the disposal and recycling of batteries can pose environmental concerns due to the presence of hazardous materials present in them. Also, the battery structural parts contribute to a significant portion of the battery pack's overall cost, which can negatively affect the market growth.

IMPACT OF COVID- 19 ON THE GLOBAL BATTERY STRUCTURAL PARTS MARKET

The pandemic led to disruptions in the global supply chain. Restrictions on international trade, lockdown measures, and reduced production capacity of suppliers affected the supply of battery structural parts leading to a delay in production and an increase in costs. Due to the pandemic, there was a decline in overall automotive sales, which reduced the demand for battery and battery structural parts. Due to lockdowns, the battery manufacturing facilities were closed, reducing the production capacity. However, the demand for batteries in energy storage systems in residential and commercial areas increased due to the focus on renewable energy and home power backup solutions.

SEGMENTATION

KEY INSIGHTS

The report will cover the following key insights:

• Recent advancements in the battery structural parts market


• Key industry trends


• Regulatory landscape for the battery structural parts market


• Key industry developments


• Impact of COVID–19 on the market

ANALYSIS BY TYPE

The market is segmented based on type: battery housing, cover plates, connection parts, and others. The battery housing segment is expected to grow during the forecast period as there is a rise in electric vehicle adoption; battery housing is highly significant due to the need for robust and lightweight structures to ensure safe and efficient power transfer.

ANALYSIS BY APPLICATION

The market is segmented based on application into electric vehicles, energy storage systems, and consumer electronics. The electric vehicle segment is expected to hold the largest market share. This industry has been experiencing significant growth as countries strive to reduce carbon emissions and transition to cleaner transportation options. With the rise in electric vehicles, the demand for battery structural parts for EV applications is expected to rise. Moreover, the demand for energy storage systems is expected to increase as renewable energy integration and grid stability have become priorities. Therefore, battery structural parts will significantly increase demand for energy storage systems.

REGIONAL ANALYSIS

The global battery structural parts market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific will have the largest market share as China dominates battery manufacturing, including battery structural parts. China is a major producer and consumer of electric vehicles, energy storage systems, and consumer electronics; it drives the demand for battery structural parts. Japan and South Korea also have well-established industries in battery manufacturing. They are known for their technological advancements and have a strong presence in the electric vehicle industries, increasing the demand for battery structural parts. North America is also expected to grow significantly during the forecast period as the U.S. has a growing battery industry due to the increasing adoption of electric vehicles. Therefore it also drives the demand for battery structural parts.

KEY PLAYERS COVERED

The report includes profiles of key players such as Shenzhen Kedali Industry, Sangsin Energy Display Precision Co Ltd, Ningbo Zhenyu Technology, SHENZHEN EVERWIN PRECISION TECHNOLOGY CO., LTD, Wuxi Jinyang New Material, EnerSys, LG Chem, Wuxi Lead Intelligent Equipment Co., Ltd.,  Contemporary Amperex Technology Co., Limited, Fuji Springs, among others.

KEY INDUSTRY DEVELOPMENTS:

• January 2023 - BMW Group announced that it intends to adopt Solid Power's cell pilot production lines as BMW remains committed to pursuing all-solid-state batteries with significant potential in the future.


• August 2021 - Wuxi Lead Intelligent Equipment announced that it would strengthen the supply chains for lithium battery equipment provided to CATL equipment for cell assembly of electric vehicles.


• May 2021 - Volkswagen announced that it had signed an agreement with QuantumScape to bring together its battery technology along with Volkswagen's understanding of high-volume and quality production. The joint venture is aimed to get solid-state lithium-metal batteries into the market soon.


• February 2021 - Enevate, an expert in silicon lithium-ion batteries, announced USD 81 million in Series E funding led by Fidelity management and research company. The main focus of this project is on pure silicon anode to achieve high energy density (800 Wh/L and 340 Wh/kg), high-speed charging capability, and optimum life cycle.