USD 6.9 billion
Battery Manufacturing Equipment Market Size, Share, and Growth Analysis
Battery Manufacturing Equipment Market By Product (Assembly & Handling Machine, Calendaring), By Battery Type (Lithium Iron Phosphate, Nickel Cobalt Aluminum), By Equipment Type, By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20D2284 |
Region:
Global |
Published Date: December, 2024
Pages:
191
|Tables:
0
|Figures:
0
Format -
Battery Manufacturing Equipment Market Insights
Global Battery Manufacturing Equipment Market size was valued at USD 6.9 billion in 2023 and is poised to grow from USD 7.48 billion in 2024 to USD 14.26 billion by 2032, growing at a CAGR of 8.4% during the forecast period (2025-2032).
The dramatic increase in the popularity of electric vehicles is increasing the usage of batteries in recent times, leading to the growth of battery manufacturing equipment market. The batteries utilized in these vehicles are particularly made as per the demands and requirement of the power output that must be generated by the vehicles. In recent times, there are many battery manufacturers who are constantly competing to fulfill the demands of the automobile sector to boost the production of electric vehicles in the market.
People are becoming more aware about the environmental problems and the techniques that can enhance the condition. This is encouraging the battery manufacturers to increase the usage of battery manufacturing equipment to increase production. The battery manufacturing equipment industry has also introduced a large variety of options. The battery manufacturing equipment market is witnessing growth due to the portability of the devices operated by them. These makes equipment extremely feasible for people to carry them to various places without worrying about the sources of power supply to utilize the facilities provided by the devices.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
8.4% CAGR
Global Battery Manufacturing Equipment Market ($ Bn)
Country Share for North America Region (%)
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Battery Manufacturing Equipment Market Segments Analysis
Global Battery Manufacturing Equipment Market is segmented by Product, Battery Type, Equipment Type, Application and region. Based on Product, the market is segmented into Assembly & Handling Machine, Calendaring, Coating & Dryer, Electrode Stacking, Formation & Testing Machine, Mixing and Slitting. Based on Battery Type, the market is segmented into Lithium Iron Phosphate, Nickel Cobalt Aluminum and Nickel Manganese Cobalt. Based on Equipment Type, the market is segmented into Battery Inspection & Testing Equipment, Cell Assembly Equipment, Electrode Manufacturing Equipment and Formation & Aging Equipment. Based on Application, the market is segmented into Automotive, Consumer Electronics, Industrial and Renewable Energy. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
Based on type, the lithium-ion segment is dominating the market with the largest battery manufacturing equipment market share. The lithium-ion battery division is growing steadily because of the growing adoption of electric vehicles (EVs), renewable energy storage systems, and portable electronics. In this segment, manufacturing equipment consists of slurry preparation units, coating machines, and electrode assembly systems. All this equipment is meant to produce highly precise and scalable products. Innovation in automation and quality control improvements have vastly increased production efficiency to meet burgeoning global demand. With the governments across the globe supporting initiatives to promote sustainable energy usage, the lithium-ion battery manufacturing equipment market in gaining huge momentum and is expected to witness rise in investment towards R&D and expansion of production capacity. The introduction of solid-state batteries is also affecting equipment design, as makers work toward next-generation technology.
The lead acid segment is witnessing the fastest growth in the battery manufacturing equipment market. The lead acid battery segment continues to be one of the foundations of the energy storage market owing to its proven reliability and cost-effective nature. A diverse manufacturing equipment portfolio exists to support this segment, from grid casting machines to pasting lines to assembly systems. Lead acid batteries enjoy strong demand in automotive, industrial backup, and renewable energy applications, in spite of rising competition from lithium-ion technologies. To make production more sustainable and less energy-consuming, manufacturers are integrating modern automation and recycling solutions. Strict regulatory mandates towards sustainability practices are propelling revolutionary equipment developments, which remain cost-effective in nature.
Analysis by Application
Based on application type, the automotive segment is dominating the battery manufacturing equipment market. The automotive segment is the primary driver of the battery manufacturing equipment market due to adoption of electric vehicles and hybrid technology. The battery manufacturing equipment consists of cell assembly machines, module stacking systems as well as battery pack testing units. Increased demand for high-capacity, fast-charging batteries for EVs has forced manufacturers to upgrade to advanced production equipment for such batteries. Automation and robotics will be key for the precision and scalability that automotive-grade batteries demand. In addition to this, government initiatives for EV production and tougher emission norms are bringing about advances in battery manufacturing. This segment is likely to have a heavy share of the market with perpetual growth aided by advancements in materials and approaches.
The consumer electronics segment is witnessing the fastest growth in the battery manufacturing market. Battery manufacturing equipment continues to serve as an essential apparatus for consumer electronics leading to the increased use of smart devices, wearables and portable devices. Equipment designed for this domain focus on accuracy and miniaturization, garmenting batteries meet strict performance and safety specifications. As the market is growing and the demand for high energy density and fast-charging solutions arises, manufacturers are switching to advanced production technologies such as laser cutting, automated inspection systems, thermal imaging, and more. Furthermore, IoT-enabled machinery has enabled real-time monitor and quality control, increasing the output efficiency. Battery companies are now looking to install eco-friendly machines to cope with this changing trend as people are now demanding environmentally friendly materials and products.
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Battery Manufacturing Equipment Market Regional Insights
North America is dominating with the largest battery manufacturing equipment market share. The growth of electric vehicles and renewable energy projects in the region makes it an important market for battery manufacturing equipment. Additionally, the U.S. is leading the region by investing in battery gigafactory, encouraged by favorable government initiatives like the Inflation Reduction Act. Canada is also playing a crucial part with its massive resources of critical battery materials like lithium, and nickel. The region is witnessing a surge in need for sustainable energy solutions and manufacturers are emphasizing automation and quality optimization. In particular, partnerships between OEMs and technology providers are speeding up the pace of innovation of lithium-ion battery technologies. Battery manufacturing equipment is constantly growing, as the region is dedicated to minimizing carbon emissions and fossil fuel dependency.
The Asia-Pacific market will be witnessing the fastest growth during the battery manufacturing market forecast period. The Asia-Pacific region holds the largest production capacity as well as demand for battery manufacturing equipment. China, South Korea and Japan are taking the lead, with China being the number one in producing and exporting battery manufacturing equipment. It is bolstered by a large supply chain, inexpensive workers, and chronically available raw materials. Large-scale gigafactories and production technologies are quickly becoming a massive part of investments. Moreover, India is also emerging as a primary key player with its lofty renewable energy goals and initiatives like Production Linked Incentive schemes. Asia-Pacific remains the epicenter of the global battery manufacturing ecosystem, driven by significant government support for EVs and electronics manufacturing.
Global Battery Manufacturing Equipment Market By Geography
- Largest
- Fastest
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Battery Manufacturing Equipment Market Dynamics
Drivers
High Demand for Renewable Energy
- Renewable energy sources are intermittent, this means that energy production is affected by sunlight and wind speed. Energy storage system (ESS) are vital components for providing an uninterrupted and reliable energy supply. Since battery storage, particularly lithium-ion batteries, is the pillar of ESS, it is necessary to manufacture more batteries and battery manufacturing machinery unit.
Increasing Number of Lithium-Ion Gigafactory
- Gigafactories are constructed for the large-scale production of batteries typically at gigawatt-hour (GWh) levels. The development of gigafactories means more battery manufacturing equipment is necessary to meet their production targets. Economies of scale are enabled by the immense manufacturing capacities of gigafactories. This immensely reduces the battery costs, decreasing the total cost of energy storage systems and electric vehicles as a whole, making them more affordable to customers.
Restraints
Increasing Investments and Set-Up Expenses
- Establishing a battery manufacturing machinery plant is relatively expensive and requires large capital investments. Moreover, the plants require different kinds of machines. Further, the plant in all requires various machinery. Every machine's design, size, technology, and technical specifications differs depending on the battery type and technology being manufactured. These are all contributing to the high prices for investment, which serves as a restraining force to the battery manufacturing equipment market.
Shifting Consumer Preferences
- Battery technology is an ever-changing environment. Chemistries, components, and manufacturing techniques are constantly being improved to optimize battery performance and efficiency. It can be difficult for the manufacturers to keep up with these innovations, due to which they can become reluctant to invest in machinery that might quickly become outdated. As battery technology advances to meet diverse applications, specialized equipment may be needed by manufacturers for some battery chemistries or form factors. Creating and custom fitting solutions is time-consuming and technically challenging work.
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Battery Manufacturing Equipment Market Competitive Landscape
The competition in the battery manufacturing equipment industry is significantly intense, as key players are competing based on technological leadership as well as market share. Companies like Wuxi Lead Intelligent Equipment, Manz AG and Hitachi High-Tech are leading innovation by developing automation and cost-effective manufacturing solutions. Competition is also being intensified by the emergence of next-generation battery technologies, such as solid-state batteries manufactured by startups and new players. Equipment manufacturers and battery makers are collaborating to enhance energy densities and process efficiencies. In this fast-moving market, continuous investment in R&D investment and partnerships are vital to maintain the competitive edge.
Top Players in Battery Manufacturing Equipment Market
- Manz AG (Germany)
- Durr AG (Germany)
- Atlas Copco AB (Sweden)
- Comau S.p.A. (Italy)
- Hirano Tecseed Co., Ltd. (Japan)
- Toray Engineering Co., Ltd. (Japan)
- PNE Solution Co., Ltd. (South Korea)
- Lead Equipment Technology Co., Ltd. (China)
- Hangzhou Hangke Technology Inc. (China)
- Wuxi Lead Intelligent Equipment Co., Ltd. (China)
- Sovema S.p.A. (Italy)
- Koenig & Bauer AG (Germany)
- INELTEK GmbH (Germany)
- MTS Systems Corporation (USA)
- Applied Materials, Inc. (USA)
- Nordson Corporation (USA)
- Testing Machines Inc. (USA)
- ULVAC, Inc. (Japan)
- Horiba, Ltd. (Japan)
- Keysight Technologies, Inc. (USA)
Recent Developments
- In March 2024, RCRS Innovations Ltd, which owns a lithium-ion battery pack manufacturer called EXEGI, invested USD 6 million to exceed its previous 300 MWh production capacity. This investment will enable the launch of additional product lines to meet the expected increased demand for clean energy storage products.
- In September 2022, Durr Group, Manz AG and GROB-WERKE GmbH & Co.KG have formed a strategic partnership. Using this method, they will collaboratively purchase and implement the initiatives utilizing facilities where batteries are manufactured.
- Volkswagen has signed a contract with Wuxi Lead Intelligent Equipment Co., Ltd. for the supply of machinery for the production of 20GWh lithium batteries in June 2022. It said the business would increase its European market share and come a new phase of its international operations.
Battery Manufacturing Equipment Key Market Trends
- Growing Integration of Battery Technology: The battery manufacturing equipment market has immense growth opportunities due to the advancement of battery recycling technology. Battery recycling can potentially limit greenhouse gas emissions related to the production of batteries and increase battery lifespan. This can also minimize the cost of the batteries. With the development of the technology of recycling batteries, requirement for advanced battery-making equipment will increase that can make reprocessed batteries.
- High Demand of Customization of Application: Customizable equipment may serve a broad spectrum of applications from consumer electronics to electric vehicles, grid energy storage, and aircraft, which can lead to low-volume manufacturers. Equipment suppliers have the flexibility to cater to different requirements of several sectors. Battery manufacturing equipment that is inherently easy to customize or reconfigure for different battery chemistries, sizes, and form factors allows flexibility in production, thereby benefiting manufacturers. That kind of flexibility is critical, as battery technology is advancing rapidly.
Battery Manufacturing Equipment Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global battery manufacturing equipment industry is continuously growing at a fast pace because of the increasing demand of electric vehicles (EVs), renewable energy storage systems, and portable consumer electronics. This market consists of equipment used in for cell assembly, electrode production, and battery pack production. The lithium-ion battery is dominating the market due to its increasing usage in EVs and consumer electronics, while lithium-ion battery technology accounts for the bulk of the EV battery market. While lead-acid batteries are gaining momentum in industrial and backup power application. Automation, quality assurance, and scalability are essential factors leading the competition among manufacturers. This is because these factors directly impact the cost involved and the efficiency of the production. Globally, governments are supporting the market with subsidies and policy while also focusing on sustainability and green energy objectives.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.9 billion |
| Market size value in 2032 | USD 14.26 billion |
| Growth Rate | 8.4% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Battery Manufacturing Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Battery Manufacturing Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Battery Manufacturing Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Battery Manufacturing Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Battery Manufacturing Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Battery Manufacturing Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Battery Manufacturing Equipment Market Report Snapshots
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