EV Battery Recycling Services Market Trend & Opportunity Assessment with Growth Forecast 2031 | 41.1% CAGR

Market Summary -

The global market for EV Battery Recycling Services was estimated to be worth US$ 1269 million in 2024 and is forecast to a readjusted size of US$ 17253 million by 2031 with a CAGR of 41.1% during the forecast period 2025-2031.

Accourding to QY Research has released a new publication titled "Global EV Battery Recycling Services Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide EV Battery Recycling Services industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/automobile-transportation-ev-battery-recycling-services-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

EV Battery refers to the battery used to drive electric vehicles. This type of battery needs to have high energy density, high power density and good cycle life. Currently, the most common type of power battery used in electric vehicles is lithium-ion batteries because they offer excellent energy density and cycle life. The capacity of power batteries will continue to decrease as the number of uses increases. After the power declines to 80%, it will no longer be able to provide power for new energy vehicles and will have to face elimination and can only enter the recycling stage. EV Battery Recycling Service refers to the industry of recycling and processing used power batteries from abandoned electric vehicles. The industry's primary goal is to recycle valuable and hazardous materials in batteries, including lithium, nickel, cobalt, aluminium, etc., so that they can be reused instead of being sent to landfills or incineration facilities. The recycled EV Battery can be reused or dismantled into recyclable materials.

The most direct route to reuse is energy storage system (ESS) applications, which enable the still usable battery cells in old battery packs to be reused in the renewable energy grid to store energy generated by wind, solar, hydroelectric, or geothermal power plants. Excess electricity generated. EV batteries can also be disassembled into smaller battery modules for less demanding uses, such as power tools, forklifts, or electric scooters. Dismantling and recycling involve refining lithium batteries through crushing, sorting, and extraction to obtain the corresponding metal oxides. The main processes are divided into front and back processes. The profits from dismantling and recycling are linked to metal prices, and the economics are higher than that of secondary utilization, attracting many companies to enter the industry. Currently, the main participants in EV Battery Recycling Services include battery manufacturers, vehicle companies and third-party recycling companies, including three power battery recycling business models.

(1) EV Battery recycling led by vehicle companies mainly establishes recycling entities through the formation of industrial alliances. Its advantages lie in its wide recycling channels and strong technical expertise. At the same time, through collaborative cooperation among all links in the industry chain, it can effectively reduce vicious competition, reduce material recycling costs, and improve recycling efficiency and operational efficiency. However, it also needs to share risks.

(2) The model for battery manufacturers to recycle retired power batteries. Participate in the recycling of retired power batteries through the construction of factories and corporate cooperation.

(3) Third-party recycling companies realize battery recycling and resource utilization through self-built recycling networks. Generally entrusted by battery manufacturers or automobile manufacturers, its advantage is that the recycling process is highly mature and professional.

Market Growth Driven -

The EV Battery Recycling Services market is experiencing significant growth, primarily driven by the rising adoption of electric vehicles (EVs) and the urgent need to address battery waste and material scarcity. As EV adoption accelerates globally, the volume of retired lithium-ion batteries is growing rapidly, making efficient recycling and reuse services essential. Among the two major approaches, Recycling Reuse dominates the market, accounting for roughly 77% of the total share. This approach focuses not just on extracting valuable materials like lithium, nickel, and cobalt, but also on refurbishing cells for secondary applications, supporting both environmental and economic sustainability.

Geographically, China dominates the EV Battery Recycling Services market, holding an estimated 70% share. This leadership is driven by its massive EV deployment, supportive government policies, and an advanced domestic battery supply chain. Chinese companies have developed robust closed-loop systems that integrate battery manufacturing with end-of-life recovery. Europe and North America are also investing heavily in localized recycling capacity to reduce reliance on raw material imports and minimize carbon footprints associated with battery production and disposal.

Leading players such as Umicore, GEM, and SDM play a pivotal role in shaping the industry. Together, they account for about 40% of the global market, and are actively developing technologies for improved material recovery rates and lower processing costs. Looking ahead, the market will benefit from stricter environmental regulations, increasing OEM interest in circular economy strategies, and technological advancements in battery chemistry and dismantling automation. As a result, EV battery recycling services are expected to become a critical component of the global EV ecosystem.

Market Segmentation and Regional -

By Type

Recycling Reuse
Cascade Utilization

By Application

BEV
PHEV

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

Umicore
GER
SDM
Ganfeng Lithium Group
TES-Amm (SK Ecoplant)
Li-Cycle
GHTECH
ACCUREC Recycling GmbH
Ecobat
Snam Groupe
Sitrasa
Lithion Technologies
Ascend Elements
Battery Recyclers of America
RecycLiCo
American Battery Technology Company
GANPOWER
Hunan Brunp Recycling Technology
BAIC BluePark New Energy Technology

Request for Pre-Order / Enquiry Link:https://qyresearch.in/pre-order-inquiry/automobile-transportation-ev-battery-recycling-services-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the EV Battery Recycling Services report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global EV Battery Recycling Services market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global EV Battery Recycling Services market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global EV Battery Recycling Services market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global EV Battery Recycling Services market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional EV Battery Recycling Services market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 EV Battery Recycling Services Product Introduction
1.2 Global EV Battery Recycling Services Market Size Forecast (2020-2031)
1.3 EV Battery Recycling Services Market Trends & Drivers
1.3.1 EV Battery Recycling Services Industry Trends
1.3.2 EV Battery Recycling Services Market Drivers & Opportunity
1.3.3 EV Battery Recycling Services Market Challenges
1.3.4 EV Battery Recycling Services Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global EV Battery Recycling Services Players Revenue Ranking (2024)
2.2 Global EV Battery Recycling Services Revenue by Company (2020-2025)
2.3 Key Companies EV Battery Recycling Services Manufacturing Base Distribution and Headquarters
2.4 Key Companies EV Battery Recycling Services Product Offered
2.5 Key Companies Time to Begin Mass Production of EV Battery Recycling Services
2.6 EV Battery Recycling Services Market Competitive Analysis
2.6.1 EV Battery Recycling Services Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by EV Battery Recycling Services Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in EV Battery Recycling Services as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Recycling Reuse
3.1.2 Cascade Utilization
3.2 Global EV Battery Recycling Services Sales Value by Type
3.2.1 Global EV Battery Recycling Services Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global EV Battery Recycling Services Sales Value, by Type (2020-2031)
3.2.3 Global EV Battery Recycling Services Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 BEV
4.1.2 PHEV
4.2 Global EV Battery Recycling Services Sales Value by Application
4.2.1 Global EV Battery Recycling Services Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global EV Battery Recycling Services Sales Value, by Application (2020-2031)
4.2.3 Global EV Battery Recycling Services Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global EV Battery Recycling Services Sales Value by Region
5.1.1 Global EV Battery Recycling Services Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global EV Battery Recycling Services Sales Value by Region (2020-2025)
5.1.3 Global EV Battery Recycling Services Sales Value by Region (2026-2031)
5.1.4 Global EV Battery Recycling Services Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America EV Battery Recycling Services Sales Value, 2020-2031
5.2.2 North America EV Battery Recycling Services Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe EV Battery Recycling Services Sales Value, 2020-2031
5.3.2 Europe EV Battery Recycling Services Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific EV Battery Recycling Services Sales Value, 2020-2031
5.4.2 Asia Pacific EV Battery Recycling Services Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America EV Battery Recycling Services Sales Value, 2020-2031
5.5.2 South America EV Battery Recycling Services Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa EV Battery Recycling Services Sales Value, 2020-2031
5.6.2 Middle East & Africa EV Battery Recycling Services Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions EV Battery Recycling Services Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions EV Battery Recycling Services Sales Value, 2020-2031
6.3 United States
6.3.1 United States EV Battery Recycling Services Sales Value, 2020-2031
6.3.2 United States EV Battery Recycling Services Sales Value by Type (%), 2024 VS 2031
6.3.3 United States EV Battery Recycling Services Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe EV Battery Recycling Services Sales Value, 2020-2031
6.4.2 Europe EV Battery Recycling Services Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe EV Battery Recycling Services Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China EV Battery Recycling Services Sales Value, 2020-2031
6.5.2 China EV Battery Recycling Services Sales Value by Type (%), 2024 VS 2031
6.5.3 China EV Battery Recycling Services Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan EV Battery Recycling Services Sales Value, 2020-2031
6.6.2 Japan EV Battery Recycling Services Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan EV Battery Recycling Services Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea EV Battery Recycling Services Sales Value, 2020-2031
6.7.2 South Korea EV Battery Recycling Services Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea EV Battery Recycling Services Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia EV Battery Recycling Services Sales Value, 2020-2031
6.8.2 Southeast Asia EV Battery Recycling Services Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia EV Battery Recycling Services Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India EV Battery Recycling Services Sales Value, 2020-2031
6.9.2 India EV Battery Recycling Services Sales Value by Type (%), 2024 VS 2031
6.9.3 India EV Battery Recycling Services Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Umicore
7.1.1 Umicore Profile
7.1.2 Umicore Main Business
7.1.3 Umicore EV Battery Recycling Services Products, Services and Solutions
7.1.4 Umicore EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.1.5 Umicore Recent Developments
7.2 GER
7.2.1 GER Profile
7.2.2 GER Main Business
7.2.3 GER EV Battery Recycling Services Products, Services and Solutions
7.2.4 GER EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.2.5 GER Recent Developments
7.3 SDM
7.3.1 SDM Profile
7.3.2 SDM Main Business
7.3.3 SDM EV Battery Recycling Services Products, Services and Solutions
7.3.4 SDM EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.3.5 SDM Recent Developments
7.4 Ganfeng Lithium Group
7.4.1 Ganfeng Lithium Group Profile
7.4.2 Ganfeng Lithium Group Main Business
7.4.3 Ganfeng Lithium Group EV Battery Recycling Services Products, Services and Solutions
7.4.4 Ganfeng Lithium Group EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.4.5 Ganfeng Lithium Group Recent Developments
7.5 TES-Amm (SK Ecoplant)
7.5.1 TES-Amm (SK Ecoplant) Profile
7.5.2 TES-Amm (SK Ecoplant) Main Business
7.5.3 TES-Amm (SK Ecoplant) EV Battery Recycling Services Products, Services and Solutions
7.5.4 TES-Amm (SK Ecoplant) EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.5.5 TES-Amm (SK Ecoplant) Recent Developments
7.6 Li-Cycle
7.6.1 Li-Cycle Profile
7.6.2 Li-Cycle Main Business
7.6.3 Li-Cycle EV Battery Recycling Services Products, Services and Solutions
7.6.4 Li-Cycle EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.6.5 Li-Cycle Recent Developments
7.7 GHTECH
7.7.1 GHTECH Profile
7.7.2 GHTECH Main Business
7.7.3 GHTECH EV Battery Recycling Services Products, Services and Solutions
7.7.4 GHTECH EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.7.5 GHTECH Recent Developments
7.8 ACCUREC Recycling GmbH
7.8.1 ACCUREC Recycling GmbH Profile
7.8.2 ACCUREC Recycling GmbH Main Business
7.8.3 ACCUREC Recycling GmbH EV Battery Recycling Services Products, Services and Solutions
7.8.4 ACCUREC Recycling GmbH EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.8.5 ACCUREC Recycling GmbH Recent Developments
7.9 Ecobat
7.9.1 Ecobat Profile
7.9.2 Ecobat Main Business
7.9.3 Ecobat EV Battery Recycling Services Products, Services and Solutions
7.9.4 Ecobat EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.9.5 Ecobat Recent Developments
7.10 Snam Groupe
7.10.1 Snam Groupe Profile
7.10.2 Snam Groupe Main Business
7.10.3 Snam Groupe EV Battery Recycling Services Products, Services and Solutions
7.10.4 Snam Groupe EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.10.5 Snam Groupe Recent Developments
7.11 Sitrasa
7.11.1 Sitrasa Profile
7.11.2 Sitrasa Main Business
7.11.3 Sitrasa EV Battery Recycling Services Products, Services and Solutions
7.11.4 Sitrasa EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.11.5 Sitrasa Recent Developments
7.12 Lithion Technologies
7.12.1 Lithion Technologies Profile
7.12.2 Lithion Technologies Main Business
7.12.3 Lithion Technologies EV Battery Recycling Services Products, Services and Solutions
7.12.4 Lithion Technologies EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.12.5 Lithion Technologies Recent Developments
7.13 Ascend Elements
7.13.1 Ascend Elements Profile
7.13.2 Ascend Elements Main Business
7.13.3 Ascend Elements EV Battery Recycling Services Products, Services and Solutions
7.13.4 Ascend Elements EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.13.5 Ascend Elements Recent Developments
7.14 Battery Recyclers of America
7.14.1 Battery Recyclers of America Profile
7.14.2 Battery Recyclers of America Main Business
7.14.3 Battery Recyclers of America EV Battery Recycling Services Products, Services and Solutions
7.14.4 Battery Recyclers of America EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.14.5 Battery Recyclers of America Recent Developments
7.15 RecycLiCo
7.15.1 RecycLiCo Profile
7.15.2 RecycLiCo Main Business
7.15.3 RecycLiCo EV Battery Recycling Services Products, Services and Solutions
7.15.4 RecycLiCo EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.15.5 RecycLiCo Recent Developments
7.16 American Battery Technology Company
7.16.1 American Battery Technology Company Profile
7.16.2 American Battery Technology Company Main Business
7.16.3 American Battery Technology Company EV Battery Recycling Services Products, Services and Solutions
7.16.4 American Battery Technology Company EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.16.5 American Battery Technology Company Recent Developments
7.17 GANPOWER
7.17.1 GANPOWER Profile
7.17.2 GANPOWER Main Business
7.17.3 GANPOWER EV Battery Recycling Services Products, Services and Solutions
7.17.4 GANPOWER EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.17.5 GANPOWER Recent Developments
7.18 Hunan Brunp Recycling Technology
7.18.1 Hunan Brunp Recycling Technology Profile
7.18.2 Hunan Brunp Recycling Technology Main Business
7.18.3 Hunan Brunp Recycling Technology EV Battery Recycling Services Products, Services and Solutions
7.18.4 Hunan Brunp Recycling Technology EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.18.5 Hunan Brunp Recycling Technology Recent Developments
7.19 BAIC BluePark New Energy Technology
7.19.1 BAIC BluePark New Energy Technology Profile
7.19.2 BAIC BluePark New Energy Technology Main Business
7.19.3 BAIC BluePark New Energy Technology EV Battery Recycling Services Products, Services and Solutions
7.19.4 BAIC BluePark New Energy Technology EV Battery Recycling Services Revenue (US$ Million) & (2020-2025)
7.19.5 BAIC BluePark New Energy Technology Recent Developments
8 Industry Chain Analysis
8.1 EV Battery Recycling Services Industrial Chain
8.2 EV Battery Recycling Services Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 EV Battery Recycling Services Sales Model
8.5.2 Sales Channel
8.5.3 EV Battery Recycling Services Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

About Us:

QYResearch established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.

Contact Us:

Arshad Shaha | Marketing Executive

QY Research, INC.
315 Work Avenue, Raheja Woods,
Survey No. 222/1, Plot No. 25, 6th Floor,
Kayani Nagar, Yervada, Pune 411006, Maharashtra
Tel: +91-8669986909
Emails - arshad@qyrindia.com
Web - https://www.qyresearch.in

This release was published on openPR.