Battery Manufacturing Equipment Market Share

APAC Market Forecast

Asia Pacific is anticipated to hold 47% share of the global battery manufacturing equipment market by 2037. The region is a major producer, supplier, and lithium-ion battery user due to the ease with which raw materials of batteries are available. The region's large battery producers as well as machine manufacturers also have a strong presence in this region. China is currently the leading producer of lithium-ion batteries in the Asia Pacific region and one of the biggest buyers of these batteries. In 2021, China is expected to produce around 79 percent of all lithium-ion batteries entering the global market. Another factor boosting the expansion of the battery manufacturing equipment market in the Asia Pacific is an increase in R&D for creating new battery technologies by various countries in the region. China is a major center for the production of batteries worldwide, home to many reputable battery producers, equipment suppliers, and end customers.

North American Market Statistics

North America battery manufacturing equipment market is estimated to gain a notable revenue share by the end of 2037. In response to the region's large number of information technology companies, the market for battery manufacturing equipment is beginning to show signs of expansion. Additional market growth is anticipated due to the growing popularity of electric vehicles. Automobile manufacturers are now creating electric vehicles in a variety of shapes & styles for all car classes to boost sales as the demand for electric vehicles rises. For battery manufacturing to meet the demands of automakers, this personalization in automotive design offers a significant opportunity for growth.