Battery Manufacturing Equipment Market Report 2025

The battery manufacturing equipment market size has grown exponentially in recent years. It will grow from $15.13 billion in 2024 to $19.46 billion in 2025 at a compound annual growth rate (CAGR) of 28.6%. The growth in the historic period can be attributed to increasing consumer electronics demand, rise in demand for electric vehicles (EVs), growing emphasis on renewable energy storage solutions, advancements in battery management systems (BMS), government subsidies and incentives for clean energy.

The battery manufacturing equipment market size is expected to see exponential growth in the next few years. It will grow to $48.74 billion in 2029 at a compound annual growth rate (CAGR) of 25.8%. The growth in the forecast period can be attributed to demand surge in energy storage systems (ess), global renewable energy expansion, demand for lightweight and high-energy-density batteries, focus on battery recycling and circular economy. Major trends in the forecast period include rise in outsourcing of manufacturing equipment, growth in cleanroom manufacturing practices, adoption of advanced coating and drying technologies, focus on safety-centric equipment designs, trend towards vertical integration in production.

The increasing demand for electric vehicles is projected to drive the growth of the battery manufacturing equipment market in the future. An electric vehicle is defined as a vehicle powered by an electric motor that receives electricity from a battery and can be charged from an external source. Electric vehicles significantly benefit the battery manufacturing equipment market, as they operate exclusively on batteries. The expansion of battery manufacturing equipment relies on the rising demand for electric vehicles. For example, in February 2024, the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts - a government department in Australia responsible for implementing government policies and programs - reported that as of January 31, 2022, there were 20.7 million registered motor vehicles, representing a 2% increase from January 2021. Battery electric vehicles (BEVs) numbered around 40,000, showing a 100% increase compared to 2021, with 34,200 of these being passenger cars, which marked a rise of 118% from the previous year. Hybrid-electric vehicles (HEVs) reached approximately 277,000 in 2022, reflecting a 35% increase from 2021. Hence, the growing demand for electric vehicles is fueling the growth of the battery manufacturing equipment market.

The rising demand for consumer electronics is expected to enhance the growth of the battery manufacturing equipment market. Consumer electronics encompass any electronic products designed for everyday, non-commercial, or personal use by consumers. The surge in demand for consumer electronics such as smartphones, tablets, laptops, and wearable devices increases the need for high-performance batteries. Battery manufacturing equipment is crucial for producing lithium-ion batteries, which are widely used in portable electronic devices. For instance, data released by Shopify, a Canadian multinational e-commerce company, indicates that the consumer electronics market is on the rise, with an anticipated consumer expenditure of $505 billion on electronics worldwide by the end of 2022. Therefore, the growing demand for consumer electronics is driving the expansion of the battery manufacturing equipment market.

The predominant trend of product innovation has gained significant traction in the battery manufacturing equipment market. Major players within this sector are actively engaging in the development of pioneering products as a strategic means to fortify their market standing. For instance, LiCAP Technologies, a US-based company specializing in energy storage device electrodes, unveiled new equipment in June 2022. This cutting-edge machinery aims at cost-effective battery manufacturing, leveraging LiCAP's exclusive Activated Dry Electrode process. Scheduled for integration with this equipment is a plan to shape the design of a 1 GWh demonstration plant, slated for completion in 2023. LiCAP's objective is to escalate the production of lithium-ion battery (LIB) electrodes and cells through the deployment of this new machinery.

Significant entities in the battery manufacturing equipment arena are directing their focus towards forging strategic partnerships to sustain their market positions. These strategic partnerships entail collaborative arrangements between multiple entities, aimed at mutual benefits and shared objectives. An exemplar is the partnership forged in January 2023 between Hanwha Group, a South Korean conglomerate specializing in battery manufacturing equipment, and LG Energy Solution, a South Korean lithium-ion battery manufacturer catering to electric vehicles, mobility, IT, and energy storage systems. This collaboration materialized through the signing of a memorandum of understanding, signifying their joint investment in establishing battery production facilities in the United States. The primary goal is to bolster the resilience of battery supply within the US market, in response to the burgeoning demand for clean energy solutions. Beyond mere production facilities, the partnership extends its purview to collaborative efforts in developing energy storage systems tailored for commercial, industrial, and utility markets. LG Energy Solution expressed confidence in the alliance with Hanwha Group, anticipating a substantial elevation in the competitive edge of both companies in the battery-related business landscape.

In June 2022, Matthews International Corporation, a prominent U.S.-based manufacturer specializing in custom-made identification products, successfully acquired OLBRICH GmbH and R+S Automotive GmbH for an undisclosed sum. This strategic move aligns with Matthews International Corporation's overarching objective of offering comprehensive solutions in the form of turnkey manufacturing machinery and support services to the rapidly evolving electric automobile industry. OLBRICH, headquartered in Germany, is recognized for its expertise in manufacturing purpose-built rotary processing equipment. On the other hand, R+S Automotive GmbH, also based in Germany, is a manufacturer of machines and tools specifically designed for the automotive industry.

Major companies operating in the battery manufacturing equipment market include 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 2024. 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, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Battery manufacturing equipment encompasses specialized machinery and tools employed in the production and assembly of batteries. This equipment is purpose-built to facilitate various stages of battery manufacturing, including electrode setup, cell installation, electrolyte filling, cell sealing, and monitoring.

The primary categories of battery manufacturing equipment include lead acid, lithium-ion, nickel metal hydride, nickel-cadmium, and others. Lead acid batteries, for instance, are rechargeable batteries that utilize lead and sulfuric acid for operation. These batteries play a crucial role in the battery manufacturing equipment market, where tools such as hydrometers are employed for electrolyte preparation. The manufacturing processes involve electrode manufacturing, cell assembly, and cell finishing, serving diverse applications such as automotive batteries, industrial batteries, and portable batteries.

The battery manufacturing equipment market research report is one of a series of new reports that provides battery manufacturing equipment market statistics, including the battery manufacturing equipment industry's global market size, regional shares, competitors with a battery manufacturing equipment market share, detailed battery manufacturing equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the battery manufacturing equipment industry. This battery manufacturing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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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