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Electric Vehicle Battery Case Box Market Share
Gestamp Automocion, ThyssenKrupp AG, and POSCO held a significant market share of over 13% in 2023. Gestamp leads in lightweight solutions by developing high-strength steel and aluminum battery case boxes for electric vehicles (EVs). The company prioritizes innovation in metal forming to enhance crash safety and durability while optimizing weight to extend EV range. Committed to R&D, Gestamp collaborates with automakers to offer customized battery enclosure solutions that meet evolving EV safety and performance standards.
Thyssenkrupp leverages its expertise in steel and engineering to produce advanced battery case boxes for electric vehicles. The company focuses on sustainable production and lightweight design to reduce CO2 emissions and enhance battery efficiency. Additionally, Thyssenkrupp partners with automotive OEMs to provide modular and scalable solutions that accommodate diverse EV platforms and meet global market demands.
POSCO specializes in producing lightweight, high-strength steel and aluminum alloys for electric vehicle battery case boxes. The company's strategy includes expanding its materials portfolio to cater to the growing EV market while enhancing the structural integrity and safety of battery enclosures. POSCO also collaborates with automakers to develop customized solutions that optimize the balance between weight, cost, and safety for electric vehicle applications.
Electric Vehicle Battery Case Box Market Companies
Major players operating in the electric vehicle battery case box industry are:
- Constellium SE
- Continental Structural Plastics
- Covestro AG
- Gestamp Automocion
- Minth
- Norsk Hydro ASA
- POSCO
- SGL Carbon
- ThyssenKrupp AG
- UACJ Corporation
What is the value of the electric vehicle battery case box market?
The market size of electric vehicle battery case box reached USD 3.9 billion in 2023 and is set to grow at a CAGR of over 9.4% from 2024 to 2032, led by the rising production of electric vehicles and advancements in battery technologies.
Why is aluminum the leading material in the electric vehicle battery case box industry?
Aluminum leads the market due to its 47% market share in 2023 and is expected to exceed USD 4.2 billion by 2032, driven by its superior thermal management, lightweight, and durability, which are essential for enhancing EV performance and range.
Which vehicle segment dominates the electric vehicle battery case box market?
The electric vehicle (EV) segment dominated the market in 2023, holding a 73% market share. This segment is driven by the global surge in EV production and the increasing need for specialized battery enclosures to ensure safety and performance.
Which region holds the largest market share in the electric vehicle battery case box industry?
The Asia Pacific region accounted for over 46% of the market in 2023 and is projected to exceed USD 4 billion by 2032, led by rapid EV adoption in China, Japan, and South Korea.
Who are the major players in the electric vehicle battery case box market?
Key players include Constellium SE, Continental Structural Plastics, Covestro AG, Gestamp Automocion, Minth, Norsk Hydro ASA, POSCO, SGL Carbon, ThyssenKrupp AG, and UACJ Corporation.