Lithium Battery Manufacturing Machinery Market Size, Share, Growth, and Industry Growth, By Type (Cell Assembly and Post-Processing), By Application (Consumer Electronics, Power, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Lithium Battery Manufacturing Machinery Market REPORT OVERVIEW

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The global lithium battery manufacturing machinery market size was USD 5105.5 million in 2022 and market is projected to touch USD 33603.34 million by 2031, exhibiting a CAGR of 20.7% during the forecast period.

Rechargeable Li-ion batteries, often known as LIBs, are found in hybrid and electric vehicles as well as in computers and cellphones. Since Li-ion batteries are lightweight, have a high energy density to extend battery life, and can be recharged, their use is expanding across a variety of applications. Compared to internal combustion engines, the climate effect of electric vehicles has decreased. As passenger and commercial electric vehicles change the trends for future transportation, governments throughout the world are moving toward greener and pollution-free mobility, which will undoubtedly stimulate the growth of the lithium-ion battery industry.

These batteries are being used in cars by electric vehicle manufacturers like Tesla.

Europe has enacted stringent pollution standards and restrictions as well as significant public electric mobility transit projects. Rising interest in preserving a clean environment has fueled the development of nuclear power plants and photovoltaic installations as well as wind energy projects, which are fueling the development of lithium-ion batteries. Additionally, the expansion is being supported by the medical industry's expanding acceptance of li-ion battery equipment. 

COVID-19 Impact: Shut Down of Industries Due to Strict Laws Affected Growth Rate

The COVID-19 epidemic has affected various global industries' business process operations. Lockdown measures taken in various nations to stop the spread of COVID-19 are anticipated to have a negative effect on several end-user businesses. In the second quarter of 2020, the exponential increase of positive COVID-19 cases in the nations had a negative effect. Additionally, it might take the sector two years to resume its prior growth rate. The machinery and equipment sector witnessed a severe downfall in the demand as manufacturing industries were shut down, which ultimately reduced the demand for equipment. 

LATEST TRENDS

"Rising Demand for Electric Vehicles to Foster Market Growth"

With the spike in demand for electric vehicles, such as electric automobiles and electric motorcycles, the need for lithium-ion batteries has been rising. Additionally, using consumer electronics products that are induced with lithium-ion cells, like mobile phones and laptops, is anticipated to foster product demand and increase the demand for the lithium battery manufacturing machinery. Moreover, this equipment is generally known as the standard of the industry for any product requiring a transportable rechargeable battery because of its capacity to be recharged. Given that governments in the region are promoting the usage of electric vehicles, which is expected to expand the lithium battery manufacturing machinery market growth. Lithium batteries are used in electric vehicles, and the demand for electric vehicles is on the constant rise, backed by the exponentially increasing rates of fuel. Thus, the market is experiencing a significant rise in lithium battery manufacturing machinery demand. 

Lithium Battery Manufacturing Machinery Market Segmentation

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• By Type Analysis

By type, the market is segmented into cell assembly and post-processing.

• By Application Analysis

Based on application, the market is classified into consumer electronics, power, and others. 

The automotive sector is likely to dominate the global market owing to the increasing awareness about battery-operated vehicles coupled with the escalating fuel prices. 

DRIVING FACTORS

"Rising Adoption of Batteries in Energy Storage and Power Grid to Surge Growth in the Market"

The companies that use these batteries benefit from rigorous government regulations that are implemented to control rising pollution levels. Energy storage and renewable energy production are current priorities for the power sector. One of the main factors influencing the use of Li-ion batteries in energy storage and smart grid systems is their low cost, low self-discharge rate, and small installation area requirements. These batteries are perfect for usage in isolated locations and applications of thermal control since they are more resistant to high temperatures. Lithium batteries are one of the significant sources of energy and power for vehicles. Additionally, the use of electric cars is rising consistently, which increases the product demand, ultimately surging the demand for lithium battery manufacturing machinery. 

"Low Environmental Impacts of Lithium to Foster Product Demand"

Lithium is non-toxic and totally recyclable; along with having a faster charging capacity than other types of batteries, lithium-ion batteries have a low environmental effect. The favorable rate of self-discharge of lithium-ion batteries also contributes to their extended lifespan. As a result, the average life of a lithium-ion battery is greater than eight years. With the right maintenance and servicing, this lifespan can be extended. Lithium-ion batteries operate well in high-power applications and have a larger current capacity than other battery types. The need for lithium batteries is anticipated to rise significantly as a result.

RESTRAINING FACTORS

"Escalating Demand for Other Batteries to Impede Demand for the Product"

The rising demand for various batteries such as sodium-nickel chloride, lithium-air batteries, lead-acid batteries, and others in electric vehicles, consumer electronics, and energy storage systems is likely to affect the growth of the market. Additionally, the safety issues associated with these batteries may also impede the lithium battery manufacturing machinery market growth. Spent batteries have various hazardous chemicals that include heavy metals and acids, which affect human health. These factors are anticipated to impede the growth of the market in the forecast year.  

Lithium Battery Manufacturing Machinery Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate Due to Rapid Expansion of the Automotive Sector"

Asia Pacific is estimated to lead the global lithium battery manufacturing machinery market share owing to the steady expansion of the automotive sector, which increases the adoption of lithium batteries. Thus, further propelling the equipment demand. Additionally, the escalating demand for laptops, smartphones, and other devices in emerging countries such as India, China, and Japan are expected to aid lithium battery manufacturing machinery demand in the region. 

North America is anticipated to experience significant growth in the global lithium battery manufacturing machinery market owing to the rising sales of electric vehicles and consumer electronics in the region. 

Europe is also forecasted to show sizable growth due to the focus of the government on the emission of greenhouse gas in the environment. 

KEY INDUSTRY PLAYERS

"Key Companies to Focus on Enhancing Products to Gain a Competitive Advantage"

The market consists of various-sized companies. The global players are emphasizing on adopting organic and inorganic strategies to consistently grow in the global market. The key companies are also focused on expanding their product portfolio by launching new products in the market. The competitors are likely to target various industries to enhance their sales. The competitors emphasize on research and development of the machinery and equipment to launch other advanced products. The manufacturers are focused on increasing sustainability and reducing the cost of the lithium battery manufacturing machinery. The key competitors are striving for various growth strategies to gain lithium battery manufacturing machinery market share. 

List of Market Players Profiled

• Wuxi Lead (China)
• Yinghe Technology (China)
• PNT (China)
• CHR (India)
• Hirano Tecseed (Japan)
• CIS (Brazil)
• PNE (Germany)
• Blue Key (Spain)
• Manz (Germany)
• Putailai (China)
• Naura Technology (China)
• Haoneng Technology (China)
• Shenzhen Geesun (China)
• Toray (Japan)
• CKD (Japan)
• Hitachi High-Technologies (Japan)
• Kaido (U.K.)
• Golden Milky (China)
• Buhler (Switzerland)
• Koem (Republic of Korea)
• Fuji (Japan)
• Techland (Poland)
• Nishimura Mfg (Japan)
• Kataoka (Japan)
• Asada (India)
• Guangzhou Kinte (China)
• Sovema (China)
• Breyer (U.S.)
• Nagano Automation (Japan)
• Ingecal (France)

REPORT COVERAGE

The report covers insightful details of the industry, which is anticipated to offer an idea of the market to the stakeholders. The report offers an overall evaluation of the market. It includes a comprehensive analysis of trends, drivers, restraints, competitive landscape, and other aspects. Elaborative details on the factors playing a substantial role in the global market are covered. The report covers past, present, and future business opportunities. It also represents a detailed analysis of market insights. The report lays a major emphasis on winning strategies adopted by the key players and the post effects of the pandemic.