Electric Vehicle Battery Recycling Market Insights Video

According to Cognitive Market Research, the global Electric Vehicle Battery Recycling market size was USD 9124.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 26.00% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 3649.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2737.26 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2098.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.0% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 456.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 182.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.7% from 2024 to 2031.
• The lithium-ion category is the fastest growing segment of the Electric Vehicle Battery Recycling industry