1. What is the projected Compound Annual Growth Rate (CAGR) of the Electric Vehicle (EV) Battery Housing Market?
The projected CAGR is approximately 13.4%.
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.
Electric Vehicle (EV) Battery Housing Market by Vehicle Type (Passenger Car, Commercial Vehicle), by Material (Steel, Aluminum, Others (Carbon Fiber & Carbon Glass), by North America (U.S., Canada, Mexico) Forecast 2025-2033
The Electric Vehicle (EV) Battery Housing Market size was valued at USD 9.31 USD Billion in 2023 and is projected to reach USD 22.45 USD Billion by 2032, exhibiting a CAGR of 13.4 % during the forecast period. An electric vehicle (EV) battery box is a specially designed box for batteries, including lithium-ion batteries for electric vehicles. The market is driven by increasing demand for electric vehicle battery enclosures that protect the battery cell from damage and environmental factors such as moisture, dust, and debris. Weight reduction is critical to improving the range and energy efficiency of electric vehicles, which encourages the use of advanced lightweight materials in the battery of an electric car. Lightweight materials often have favorable energy density properties. Lightweight materials are often incorporated into the overall design of electric vehicles. This integration improves the strength, rigidity, and stability of the vehicle structure. The seamless integration of lightweight materials into the vehicle chassis has a positive effect on the handling and performance of the electric vehicle. Therefore, the development of lightweight materials was a key factor in the growth of the market.
-Battery-Housing-Market.png)
-Battery-Housing-Market.png)
Vehicle Type:
Material:
-Battery-Housing-Market.png)
Strengths
Weaknesses
Opportunities
Threats
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 13.4% from 2019-2033 |
| Segmentation |
|




Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 13.4%.
Key companies in the market include SGL Carbon (Germany), Nemak, S.A.B. de C.V. (Mexico), Novelis Inc. (U.S.), Gestamp Automocion, S.A. (Spain), Constellium SE (France), Hanwha Solutions Advanced Materials (South Korea), UACJ Corporation (Japan), GF Linamar LLC (U.S.), ThyssenKrupp AG (Germany), Minth Group (China), Magna International Inc. (Canada), TRB Lightweight (U.K.), Hitachi Metals, Ltd. (Japan), Norsk Hydro ASA (Norway), Kautex Textron GmbH & Co. KG (Germany), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Teijin Limited (Japan), LANXESS (Germany), Evonik Industries AG (Germany), Covestro AG (Germany).
The market segments include Vehicle Type, Material.
The market size is estimated to be USD 9.31 USD Billion as of 2022.
Increasing Demand for Forged Products in Power. Agriculture. Aerospace. and Defense to Drive Industry Expansion.
Rising Adoption of Automation in Manufacturing to Drive Market Growth.
High Material Cost and Safety Regulations May Hamper Market Growth.
July 2023 - Magna announced that the company would invest USD 790 million to build the first two supplier facilities at Ford’s BlueOval City supplier park in Stanton, Tennessee, and a stamping and assembly facility in Lawrenceburg, Tennessee. Magna will supply Ford’s BlueOval City with battery enclosures, truck frames, and seats for the automaker’s second-generation electric truck. Magna’s two BlueOval City supplier park facilities contain a new 800,000-square-foot frame and battery enclosures and a 140,000-square-foot seating facility.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
The market size is provided in terms of value, measured in USD Billion and volume, measured in K units.
Yes, the market keyword associated with the report is "Electric Vehicle (EV) Battery Housing Market," which aids in identifying and referencing the specific market segment covered.
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
To stay informed about further developments, trends, and reports in the Electric Vehicle (EV) Battery Housing Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.