Lithium Battery Strapping Steel Tape Market Share Driven by Battery Safety Requirements and Expanding Electric Mobility Ecosystem | Valuates Reports

Lithium Battery Strapping Steel Tape Market Size
The global market for Lithium Battery Strapping Steel Tape was valued at US$ 49.5 million in the year 2024 and is projected to reach a revised size of US$ 71 million by 2031, growing at a CAGR of 5.3% during the forecast period.

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The Lithium Battery Strapping Steel Tape Market is experiencing steady market growth as lithium battery manufacturers place increasing emphasis on mechanical stability, safety, and durability during battery assembly and transportation. The market size is being influenced by rising adoption of lithium batteries across automotive, appliance, and industrial applications, alongside tightening quality and safety standards in battery packaging. Key market trends include the use of high-strength steel materials, improved surface treatment technologies, and greater alignment with automated battery manufacturing processes, all of which continue to reshape buyer preferences and procurement strategies.

By type, 65Mn steel strapping tape holds the largest market share due to its high tensile strength, excellent elasticity, and cost efficiency, making it well suited for large-scale lithium battery strapping applications. This segment is also expanding at a healthy pace as manufacturers seek robust materials capable of withstanding vibration and external stress. 304 stainless steel strapping tape represents a critical segment for applications requiring superior corrosion resistance and long-term stability, contributing meaningfully to overall market size and supporting diversified material demand.

In terms of application, the automobile segment leads the market share, driven by rapid growth in electric vehicle production and the need for secure battery module fixation during assembly and logistics. This segment continues to show the strongest market growth as vehicle manufacturers scale battery output and enhance safety compliance. Home appliance applications maintain a stable presence in the market, supported by growing use of lithium batteries in energy-efficient appliances, while other applications provide incremental demand across specialized industrial uses.

The market features a competitive landscape of specialized manufacturers focused on precision metal processing and battery-oriented solutions. Companies such as Bangu Strapping Technology (Shenzhen) Co., Ltd., Fujian Zhengyang Auto Parts Co., Ltd., Huiyao Intelligent Technology (Tianjin) Co., Ltd., and Ningbo Guding New Energy hold notable market share through product reliability, customized specifications, and strong integration with battery supply chains. Emerging and expanding players continue to strengthen their position by investing in advanced forming technologies, quality control systems, and closer collaboration with downstream battery producers.

Regionally, China dominates the market share, supported by its extensive lithium battery manufacturing ecosystem, strong materials supply base, and rapid industrial scaling. Asia-Pacific overall remains the most influential region, while Europe and North America show consistent market growth driven by expanding local battery production, automotive electrification initiatives, and stricter safety standards. Southeast Asia and Latin America are emerging consumption regions as battery assembly operations gradually expand. The market forecast remains positive, supported by ongoing innovation in battery packaging materials, rising electric mobility adoption, and continuous improvements in steel tape performance and manufacturing efficiency.

by Type

• 65Mn Steel
• 304 Stainless Steel

by Application

• Automobiles
• Home Appliances
• Other

By Company

Bangu Strapping Technology (Shenzhen) Co., Ltd., Fujian Zhengyang Auto Parts Co., Ltd., Shandong Huiyao Laser Technology Co., Ltd., Huiyao Intelligent Technology (Tianjin) Co., Ltd., Fujian Helai Technology Co., Ltd., Suzhou Anmik Precision Manufacturing Co., Ltd., Wuxi Baohong Metal Technology Co., Ltd., Cangzhou Shanyuan Electric Co., Ltd., Shenzhen Zhuorui Precision Co., Ltd., Ningbo Guding New Energy

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