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Battery Leasing Service Market Share

Report ID: GMI5219
Published Date: Nov 2024
Report Format: PDF

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Battery Leasing Service Market Share

Battery Leasing Service Company Market Share, 2024

In 2024, NIO Inc., Gogoro, Inc., Sun Mobility, Oyika Pte Ltd, Tesla, CATL, and Neuron collectively captured 37.5% of the battery leasing service industry. This dominance stems from their innovative approaches, such as flexible subscription and pay-per-use models, which reduce upfront costs for EV buyers. Their well-established battery swapping and leasing networks ensure convenience and accessibility for users. Additionally, these companies have invested significantly in advanced battery technology, enhancing performance and lifecycle value. Strong regional market penetration and strategic collaborations further strengthen their competitive edge in the evolving EV ecosystem.

Battery Leasing Service Market Companies

Major players operating in the battery leasing service industry are:

CATL
Lithion Recycling
Moixa Energy Holdings
Neuron
NIO
Oyika
Renault Group
Sun Mobility
Tesla

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of battery leasing service reached USD 176.1 million in 2024 and is set to grow at a 22.4% CAGR from 2025 to 2034, driven by the increasing adoption of electric vehicles (EVs).

In 2024, the subscription service segment accounted for around 70% of the market share due to its cost-effective and flexible ownership options, appealing to consumers who prioritize affordability and convenience.

The China market is projected to reach around USD 420 million by 2034, propelled by the country's vast EV adoption, robust government incentives, and an established manufacturing ecosystem.

The key players in the industry include CATL, Lithion Recycling, Moixa Energy Holdings, Neuron, NIO, Oyika, Renault Group, Sun Mobility, and Tesla.