Battery Manufacturing Equipment Market Report 2026

The battery manufacturing equipment market size has grown exponentially in recent years. It will grow from $19.2 billion in 2025 to $24.04 billion in 2026 at a compound annual growth rate (CAGR) of 25.2%. The growth in the historic period can be attributed to expansion of consumer electronics battery demand, growth of automotive battery production, advancements in lithium-ion technology, industrial energy storage adoption, investments in manufacturing automation.

The battery manufacturing equipment market size is expected to see exponential growth in the next few years. It will grow to $60.13 billion in 2030 at a compound annual growth rate (CAGR) of 25.8%. The growth in the forecast period can be attributed to rapid growth of electric vehicle production, expansion of gigafactory investments, demand for next-generation battery chemistries, focus on cost reduction per kWh, increasing emphasis on sustainable battery manufacturing. Major trends in the forecast period include increasing deployment of automated battery production lines, rising adoption of high-precision manufacturing equipment, growing demand for scalable cell assembly systems, expansion of advanced quality monitoring technologies, enhanced focus on manufacturing yield optimization.

The rising demand for electric vehicles is expected to drive the growth of the battery manufacturing equipment market going forward. An electric vehicle (EV) is powered by an electric motor that draws electricity from a battery, which can be charged from an external source. EVs rely entirely on batteries, making the expansion of battery manufacturing equipment closely tied to the increasing adoption of electric vehicles. For example, in January 2024, a report by Kelley Blue Book, a US-based Cox Automotive company, noted that in 2023, a record 1.2 million car buyers in the United States chose electric vehicles, representing 7.6% of the total U.S. vehicle market, up from 5.9% in 2022. Therefore, the growing adoption of electric vehicles is propelling the battery manufacturing equipment market.

Key players in the battery manufacturing equipment market are focusing on strategic partnerships to maintain and strengthen their market positions. A strategic partnership is a collaborative agreement between two or more entities aimed at achieving shared objectives and mutual benefits. For instance, in January 2023, Hanwha Group, a South Korean conglomerate specializing in battery manufacturing equipment, and LG Energy Solution, a South Korean manufacturer of lithium-ion batteries for EVs and energy storage systems, signed a memorandum of understanding to jointly invest in battery production facilities in the U.S. This collaboration aims to enhance the resilience of the U.S. battery supply in response to rising demand for clean energy solutions. Beyond production facilities, the partnership includes collaboration on energy storage systems for commercial, industrial, and utility applications. LG Energy Solution highlighted that this partnership is expected to strengthen the competitiveness of both companies in the battery sector.

In February 2025, Mullen Automotive, a US-based electric vehicle manufacturer, acquired additional battery-production equipment from Nikola Corporation for an undisclosed amount. This acquisition enables Mullen to expand its battery manufacturing capabilities by integrating Nikola’s high-volume battery chemistry production line, electrodynamic shaker system, and battery pack assembly and testing equipment into its Fullerton, California facility. The move supports Mullen’s strategy to produce its own battery packs and modules, including standard and solid-state polymer batteries. Nikola Corporation is a US-based provider of mobility and energy solutions.

Major companies operating in the battery manufacturing equipment market are Sony Energy Devices Corporation, BYD Co. Ltd., Panasonic Corporation, LG Chem Ltd., Johnson Controls International plc, Toshiba Corporation, Contemporary Amperex Technology Co. Ltd., Samsung SDI Co. Ltd., Wuxi Lead Intelligent Equipment Co. Ltd., Hitachi Chemical Co. Ltd., GS Yuasa Corporation, The Buhler Holding AG, Daiichi Jitsugyo Co. Ltd., Shenzhen Yinghe Technology Co Ltd., A123 Systems LLC, Duracell Inc., Manz AG, Eveready Industries India Ltd., Eagle Technologies Inc., MECO Incorporated, Wirtz Manufacturing Company Inc., Targray Technology International Inc., Sovema Group S.p.A., MESH Automation Inc., MAC Engineering & Equipment Company Inc., McAllister Mills Inc., Custom Electric Manufacturing Co. Inc., Xiamen Tmax Battery Equipments Limited.

Asia-pacific was the largest region in the battery manufacturing equipment market in 2025. Asia-pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the battery manufacturing equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the battery manufacturing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The battery manufacturing equipment market consists of sales of electrode coating machines, call assembly equipment, electrolyte filling machines, and cell sealing equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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