Battery Production Machine Market to Reach USD 19.67
From GlobeNewswire: 2025-06-02 09:21:00
The Battery Production Machine Market was worth USD 13.31 Billion in 2023 and is projected to reach USD 19.67 Billion by 2032, with a CAGR of 20.10%. Growth is driven by demand for electric vehicles and energy storage. In the U.S., the market size is expected to reach USD 12.27 million by 2032 with a CAGR of 3.96%.
North America leads the Battery Production Machine Market, while Asia Pacific shows the fastest growth. The U.S. dominates with companies like Tesla and GM investing in machine suppliers for gigafactory lines. Asia Pacific is forecasted to have the highest CAGR of 6.45%, with leading players investing in AI-based technologies to meet the demand for EVs and energy storage.
In 2023, dryers led the Battery Production Machine Market, with a 28.53% share, essential for improving battery performance. The stackers segment is expected to grow at a 7.24% CAGR due to automation and AI precision layering. Lithium-ion batteries dominated the market with a 63.20% revenue share, driven by demand from EVs and energy storage.
The automotive sector led the Battery Production Machine Market in 2023 with a 41.50% revenue share, driven by increasing EV production. The consumer electronics segment is set to grow at a 6.55% CAGR due to demand for high-energy batteries in smartphones and wearables. Leading players in the market include LG Energy Solutions, Saft Groupe, and Panasonic.
Recent developments include Manz AG divesting Tesla Automation and its Asian subsidiaries, as well as Kuka obtaining an order for 23 friction stir welding systems for EV battery assembly. The market report covers key segments by machine, battery type, and application, providing insights into the industry’s growth and trends.
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