EV Battery Enclosures Market Analysis | 2025-2030

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in EV Battery Enclosures Market

• The annual demand for EV battery enclosures was USD 7.5 billion in 2024 and is expected to reach USD 96.4 billion in 2025, up 20.7% than the value in 2024.
• During the forecast period (2025 to 2030), the EV battery enclosures market is expected to grow at a CAGR of 13.6%. The annual demand will reach of USD 18.2 billion in 2030.
• During 2025-2030, the EV battery enclosures industry is expected to generate a cumulative sales opportunity of USD 84.61 billion.

High-Growth Market Segments:

• Asia-Pacific is expected to remain the largest market over the next seven years, whereas North America is likely to grow at the fastest rate. 
• By Propulsion type, BEV is likely to be the dominant end-user type in the market during the forecast period.
• By Vehicle type, Passenger cars are anticipated to be the most preferred, and LCVs are likely to witness the fastest growth.
• By Material type, Metal enclosures are anticipated to be the fastest-growing product type during the forecast period in the EV battery enclosures market.

Market Statistics

Have a look at the sales opportunities presented by the EV battery enclosures market in terms of growth and market forecast.

Market Dynamics

Introduction:

What are EV battery enclosures?

An EV battery enclosure is the robust, protective housing that stores and protects the battery cells and other internal components of an electric vehicle. It is a highly engineered, complex component that is critical for safety and performance, sealing the battery from moisture, dust, and debris. Beyond acting as a simple case, it provides essential structural support to the vehicle, manages the battery's temperature, and shields the sensitive electronics from electromagnetic interference. 

Constructed from materials such as aluminum, steel, or advanced composites, the enclosure must balance weight, strength, cost, and safety requirements. The material choice impacts the vehicle's driving range, overall crashworthiness, and the ability to prevent a thermal runaway fire event. Its design and manufacturing are critical for the longevity and reliability of the vehicle and its high-voltage battery system. 

Segment Analysis

By Propulsion Type

“BEV is anticipated to remain the bigger demand generator for battery enclosures as well as witness faster growth during the forecast period”.

• The market is segmented into BEV and HEV. BEVs are anticipated to continue to dominate the market because they are ecologically safer than HEV automobiles.
• The ramp-up in the development of the charging infrastructure, a decline in the cost of new models, and government incentives to encourage the use of EVs during the projection period are creating a better ecosystem for BEVs. By 2030, it is also anticipated that the production of BEVs will account for more than 45% of the global powertrain mix.

By Vehicle Type

“Passenger car is expected to remain the most preferred vehicle type in the coming years, whereas LCV is likely to witness the fastest growth”.

• The market is segmented into passenger cars, light commercial vehicles (LCV), and medium & and heavy commercial vehicles (MHCV). The passenger car is expected to remain the largest vehicle type in the market.
• As these vehicles are the most sought-after electric vehicles currently, they are anticipated to generate enormous market demand in the coming years.
   

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By Material Type

“Metal enclosures are predicted to remain the most preferred material as well as witness faster growth in the market in the years to come”.

• The market is segmented into metal enclosures and composite enclosures. Metal Enclosures are expected to remain the most preferred material in the market, primarily driven by their low cost as compared to composite enclosures.
• Moreover, there is an active presence of several major companies in the development and provision of metal battery enclosures. Porsche Taycan, BYD Qin Plus, BYD Song Pro, BYD Han, and Volkswagen ID.4 are some key BEV models that use metal battery enclosures.

Regional Analysis

“China is expected to remain the largest market over the next seven years, whereas North America is likely to grow at the fastest rate”.

• In terms of regions, China is expected to remain the largest market for EV battery enclosures during the forecast period. China is the largest producer and consumer of EVs in the world. Some of the best-selling EV models in China are BYD Han, BYD Song Pro, and Wuling Hong Guang Mini EV.
• Furthermore, the country is home to a significant number of EV battery enclosure producers, such as Minth Group Co., Ltd., Hesheng Co., Ltd., Lingyun Industrial Co., Ltd., Huayu Automotive Systems Co., Ltd., and Chongqing New Aluminum Times Technology Co., Ltd.
   

Competitive Landscape

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the EV battery enclosures market -  

• Chongqing New Aluminum Times Technology Co., Ltd.
• Gestamp
• Hesheng Co., Ltd.
• Huayu Automotive Systems Co., Ltd.
• Lingyun Co., Ltd.
• Minth Group Co., Ltd.
• Nemak, S.A.B. de C.V.
• Teijin Automotive Technologies
• Wencan Group Co., Ltd.
• Xiangxin Technology Co., Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Recent Developments/Mergers & Acquisitions:

• In 2022, Minth Group and Renault Group signed a Memorandum of Understanding (MOU) to establish a joint venture (JV) focused on manufacturing battery enclosures. This strategic partnership aims to enhance Renault Group's competitiveness and efficiency in the electric vehicle (EV) market while also expediting its overall industrial transformation.
• In 2017, Teijin made a strategic move by acquiring Continental Structural Plastics (CSP) for US$ 825 million, which allowed Teijin to establish a foothold in the North American automotive composite parts market. This acquisition further propelled Teijin's growth as a major provider of high-performance composite products to the global automotive industry.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The EV battery enclosures market is segmented into the following categories. 

By Propulsion Type

• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)

By Vehicle Type 

• Passenger Car
• Light Commercial Vehicle (LCV)
• Medium and Heavy Commercial Vehicle (MHCV)

By Material Type 

• Metal Enclosures [Steel and Aluminum]
• Composite Enclosures [Carbon Fiber Composites and Glass Fiber Composites]

By Process Type 

• Compression Molding
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s EV battery enclosures market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]