Battery Manufacturing Equipment Market Size & Share, by Type (Lead Acid, Lithium Ion, Nickel Metal Hydride, Nickel Cadmium); Application (Automotive Batteries, Industrial Batteries, Portable Batteries) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5355
  • Published Date: Nov 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Battery Manufacturing Equipment Market size is anticipated to cross USD 255 Billion by the end of 2036, growing at a CAGR of 31% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of battery manufacturing equipment was over USD 10 Billion. Numerous factors, including the burgeoning energy storage market and the increased demand for electric vehicles, are driving up the price of lithium-ion batteries globally. Demand for automotive lithium-ion batteries rose by around 65% to 550 GWh in 2022. Businesses in the battery sector concentrate on creating environmentally friendly battery technologies and expanding their manufacturing capabilities to keep up with the increased demand. As a result, battery manufacturing facilities are multiplying quickly worldwide.

Recent years have seen a rise in the need for energy storage batteries as a result of elements like continuous system modernization. When there is a low demand for power, energy storage batteries are utilized to store excess energy for later usage by end users. In many countries around the world, including the US, Canada, Germany, France, China, India, and other major economies, the energy storage battery has been widely installed. The growing movement toward a low-carbon, less reliant on fossil fuels economy, and the continued development of renewable energy.

Battery Manufacturing Equipment Market
Get more information on this report: Request Free Sample PDF

Battery Manufacturing Equipment Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Demand in Aerospace Industry- Demand for high-capacity batteries is increasing in the aerospace industry, with aircraft and unmanned aerial vehicles now using electrical propulsion. The industry for aviation batteries is encouraged by the use of electrical technology in aircraft electrical systems. An additional opportunity for innovation and progress in aviation batteries is provided by the aircraft's need for durability and large energy storage capacities. As a result, machine manufacturers of batteries for the aerospace industry are expected to witness significant growth prospects, thereby leading to market growth.
  • Expanding Telecommunication Industry- To generate electricity for infrastructure, the telecommunications sector is increasingly switching from conventional sources such as coal and nuclear energy. In 2023, the global telecommunication industry is predicted to spend 1.5 trillion U.S. dollars. The requirement for battery manufacturing equipment that can be used to manufacture batteries for mobile applications will increase as the industry grows.
  • Penetration of Battery Recycling Technology- The market for battery manufacturing equipment offers great growth opportunities due to the development of battery recycling technology. There is also a need to recycle batteries due to an increase in battery demand. Recycling can contribute to reduce the greenhouse gas emissions associated with battery production and extend battery life, which could reduce costs in the end. As the technology of recycling batteries is refined, there will be a need for advanced battery-making machines that are capable of producing reprocessed batteries.
  • Surge in Electric Vehicles- The key demand factors for battery production machines are increased e-mobility and greater use of electric devices in a variety of sectors. The growing concern about reducing the carbon footprint and the increased use of batteries in vehicles is expected to increase market demand for battery manufacturing equipments, as well as innovations and the growth of electric consumer appliances, which will increase sales of batteries. In light of this, the rising sales of EVs would further result in growth of battery manufacturing equipment market.


  • High Investments & Set-up Costs- The market for battery manufacturing equipment are in high demand; thus, it becomes necessary to set up new manufacturing plants in different parts of the world. However, the cost of setting up a battery manufacturing machinery plant is relatively high and requires substantial capital investments. Further, the plant in all requires various machinery. Each machine's design, size, technology, and technical specifications vary based on the battery type and technology being manufactured. All these factors are aiding in the high investment costs, which becomes a restraining factor for the battery manufacturing equipment market.
  • Continuous development of a new variety of batteries makes the market highly competitive
  • The market growth was hindered to a considerable extent by the shortage of companies operating battery production equipment.

Battery Manufacturing Equipment Market: Key Insights

Base Year


Forecast Year



~ 31%

Base Year Market Size (2023)

~ USD 10 Billion

Forecast Year Market Size (2036)

~ USD 255 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Battery Manufacturing Equipment Segmentation

 Type (Lead Acid, Lithium Ion, Nickel Metal Hydride, Nickel Cadmium)

The lithium-Ion segment in the battery manufacturing equipment market is anticipated to hold the largest revenue share during the forecast period, accounting for 43%. The growth is being driven by increasing demand from the automotive industry and the rising use of electrical vehicles. In three years, from 4% in 2020 to 14% in 2022, the EV share of overall vehicle sales has nearly tripled. Lithium-ion batteries are the preferred power source for low-carbon technology, such as electric automobiles. They can store a lot of energy in a small amount of area, have charging capabilities, and have a propensity to keep working even after hundreds or even thousands of charge cycles. The present push to phase out gas-powered cars that release carbon dioxide and other types of pollution from carbon is greatly dependent on these batteries. These batteries are excellent choices for the power storage of the electric grid because of their commonalities.

Application (Automotive Batteries, Industrial Batteries, Portable Batteries)

The automotive batteries segment is expected to hold a dominant market position over the forecast period. As electric vehicles are increasingly used, this segment has an immense demand and supply chain. Different types of vehicles introduced in the market, depending on their power output which has been predicted by the product, are causing demand to arise for a variety of battery types placed on the market. Government officials from several nations are collaborating with automakers to find solutions to the mounting issues of ecological sustainability and energy balance. 

Our in-depth analysis of the global market includes the following segments:


  • Lead Acid
  • Lithium Ion
  • Nickel Metal Hydride
  • Nickel Cadmium


  • Automotive Batteries
  •  Industrial Batteries
  •  Portable Batteries

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Battery Manufacturing Equipment Industry - Regional Synopsis

APAC Market Forecast

Asia Pacific is anticipated to hold 47% share of the global battery manufacturing equipment market by 2036. 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 2036. 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.

Research Nester
Battery Manufacturing Equipment Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Battery Manufacturing equipment Landscape

    • Wuxi leads intelligent equipment co
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Yinghe Technology
    • Manz AG
    • Bühler AG
    • Foshan Golden Milky Way Intelligent Equipment Co., Ltd.
    • Battery Technology Source Co. Ltd.(BTS)
    • Xiamen Tmax Battery Equipments Limited
    •  Readco Kurimoto, LLC
    • Wirtz Manufacturing

In the News

  • Volkswagen and Wuxi Lead Intelligent Equipment Co., Ltd. has a deal for the delivery of machinery for the manufacture of 20GWh lithium batteries. The business would increase its market share in Europe and usher in a new phase of its international operations.
  • Russia is about to receive a variety of equipment for producing lithium-ion batteries on a lab size. These machines total 48 packages and include a doctor blade coater, heat roller press machine, vacuum mixer, vacuum oven, coin cell crimper, coin cell disc cutter, battery charge and discharge tester, pouch cell sealer, ultrasonic spot welder, cylindrical cell grooving machine, lithium battery spot welder, cylindrical cell winding machine, and more.

Author Credits:  Dhruv Bhatia

  • Report ID: 5355
  • Published Date: Nov 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing Usage in the aerospace industry, expanding telecommunication industries, and rising sales of electric vehicles are some of the major factors responsible for the market's growth.

The market size of battery manufacturing equipment is anticipated to attain a CAGR of 31% over the forecast period, i.e., 2024-2036.

The major players in the market are Yinghe Technology, Manz AG, Bühler AG, Foshan Golden Milky Way Intelligent Equipment Co., Ltd., SOVEMA GROUP S.p.A., Battery Technology Source Co. Ltd. (BTS), Xiamen Tmax Battery Equipments Limited, Readco Kurimoto, LLC, Wirtz Manufacturing, HIRANO TECSEED Co., Ltd and others.

The Lithium-ion segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Battery Manufacturing Equipment Market Report Scope

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying