(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Asia Pacific Electric Vehicle (EV) Battery Housing Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Car and Commercial Car), By Material (Aluminium, Steel and Others (Carbon Fibre & Carbon Glass)), By Country and Growth Forecast, 2023 - 2030" report has been added to ResearchAndMarkets's offering.
The recent analysis report on the Asia Pacific Electric Vehicle (EV) Battery Housing Market has been added to our comprehensive research catalogue, providing insightful data on the market's growth trajectory from 2023 to 2030. This detailed report sheds light on critical aspects such as the escalating demand in passenger and commercial vehicle segments, innovative material advancements, and the vibrancy of the regional markets, particularly China, Japan, and India.
The investigation of the market dynamics affirms a noteworthy Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period. The market is experiencing substantial development due to a host of contributing factors, including the burgeoning need for protective housing solutions for lithium-ion batteries, essential in Electric Vehicles (EVs).
Key Highlights of the Market:
Optimized Thermal Management: Advanced thermal systems integrated into EV battery housings to ensure optimal performance and safety. Material Advancements: Cutting-edge research into lightweight yet durable materials such as aluminium, steel, and composites to enhance vehicle efficiency. Design Innovations: Market players are redefining EV aesthetics with stylish battery housing designs, shifting the EV landscape from utilitarian to desirable.
As per the report's findings, the China market is maintaining its market dominance, projecting to reach a valuation of $3,417.4 Million by 2030. The Japanese market is heralding a CAGR of 12.7%, showcasing the region's commitment to EV technology and battery housing innovations. Furthermore, the India market is poised to demonstrate a commendable CAGR of 14.3%, indicating potential high-yield investment opportunities for stakeholders in the battery housing sector.
Market Segmentation Insights
The electric vehicle battery housing market dissection reveals substantial insights into the critical segments that are driving market growth: Vehicle Type:
The market is examined through two primary categories – Passenger Car and Commercial Car, indicating a diverse application spectrum and consumer base. Material Composition:
In-depth analysis of material prevalence, including the use of Aluminium, Steel, and Other progressive materials such as Carbon Fibre & Carbon Glass, which are instrumental in shaping the competitive edge and performance of EVs. Regional Eminence:
The report delves into the country-wise performance within the Asia Pacific region, with particular attention on China, Japan, India, South Korea, Singapore, and Malaysia, highlighting the individual market dynamics and growth opportunities.
The comprehensive scrutiny within the report is primed to serve as an invaluable asset to industry participants, investors, and policymakers, aiding in strategic decision-making and identifying new avenues for market expansion and innovation. The detailed evaluation of the Asia Pacific Electric Vehicle (EV) Battery Housing Market underscores the pivotal role of the region in the global shift towards electric mobility.
The report is a testament to the market's robustness, as stakeholders in the Asia Pacific region continue to advance in the electric vehicle industry, consistently fostering sustainable practices that resonate with global environmental conservation objectives.
Magna International, Inc. Proterial, Ltd. Saudi Basic Industries Corporation (SABIC) Lanxess AG Evonik Industries AG Covestro AG Teijin Limited thyssenkrupp AG SGL Carbon SE Constellium SE
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