Market Size of Battery Recycling Industry
| Study Period | 2019- 2029 |
| Market Size (2024) | USD 16.39 Billion |
| Market Size (2029) | USD 26.78 Billion |
| CAGR (2024 - 2029) | 10.32 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Battery Recycling Market Analysis
The Battery Recycling Market size is estimated at USD 16.39 billion in 2024, and is expected to reach USD 26.78 billion by 2029, growing at a CAGR of 10.32% during the forecast period (2024-2029).
- Over the medium term, factors such as the increasing adoption of electric vehicles, rising concerns over battery waste disposal, and stringent government policies are likely to drive the battery recycling market in the forecast period.
- On the other hand, higher costs, lack of a strong supply chain, and low yield related to battery recycling are expected to hinder market growth in the coming years.
- Nevertheless, technological innovations in battery recycling strategies create tremendous opportunities for market development.
- Europe is the fastest-growing market during the forecast period due to the rising number of battery applications. This growth is due to the growing battery usage in electric vehicles (EVs).
