Press release
Battery Manufacturing Equipment Market Size To Grow At A CAGR Of 27.61% From 2025 To 2034
Battery Manufacturing Equipment Market
According to industry experts at CMI, battery manufacturing equipment is defined as the tool or system used in battery manufacturing. The market is gaining importance due to several factors, including the rising sales of electric vehicles across the globe and favorable government initiatives, such as policies, subsidies, and others.
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➤ Battery Manufacturing Equipment Market Overview
• According to current market research conducted by the CMI team, the global Battery Manufacturing Equipment Market is projected to witness exceptionally strong growth over the forecast period.
• The market is expected to register a CAGR of 27.61% from 2025 to 2034, reflecting rapid capacity expansion and technological upgrades.
• In 2025, the market size is projected to reach USD 9.77 Billion, driven by increasing battery production worldwide.
• By 2034, the market valuation is anticipated to reach USD 90.12 Billion due to large-scale investments in battery gigafactories.
• Battery manufacturing equipment refers to tools and systems used throughout the battery production process.
• Rising electric vehicle sales and supportive government policies, subsidies, and incentives are key contributors to market growth.
➤ Market Size
• The global Battery Manufacturing Equipment Market was valued at USD 7.87 billion in 2024, indicating steady demand from battery manufacturers.
• The market is projected to reach USD 9.77 billion in 2025 as new battery plants come online.
• By 2034, the market is forecast to reach USD 90.12 billion due to accelerated battery production capacity worldwide.
• This growth represents a strong CAGR of 27.61% during the 2025-2034 period.
➤ Market Overview
• Battery manufacturing equipment includes machinery used for raw-material processing, electrode preparation, coating, drying, and calendaring.
• Equipment is also required for cell assembly, electrolyte filling, sealing, formation, inspection, and final battery testing.
• These machines are critical for meeting growing battery demand from electric vehicles, renewable energy storage, consumer electronics, and industrial applications.
• The market is segmented by machine type, battery type, application, and geographical region.
➤ Key Market Growth Drivers
• Rapid expansion of global electric vehicle production is significantly increasing battery demand.
• Growth in renewable energy installations and grid-scale energy storage systems is driving large-scale battery manufacturing.
• Rising demand for smartphones, laptops, and portable electronics continues to boost battery production investments.
• Major manufacturers are investing heavily in new gigafactories, increasing demand for advanced and high-precision manufacturing equipment.
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➤ Analysis of Key Players - Key Player Strategies
• Major market participants include BYD Company, Samsung SDI, NEC Corporation, GS Yuasa, and Johnson Controls.
• Companies focus on expanding battery production capacity through new manufacturing facilities.
• Investment in automation and advanced equipment improves efficiency, quality, and scalability.
• Manufacturers emphasize high-speed and precision equipment to support EV and energy storage battery demand.
➤ Market Challenges & Opportunities
➤ Challenges
• High capital investment requirements for advanced battery manufacturing facilities.
• Continuous evolution of battery technologies necessitates frequent equipment upgrades.
• Technical complexity and operational costs create entry barriers for new players.
➤ Opportunities
• Government incentives and clean-energy policies encourage new battery production investments.
• Rapid EV adoption globally increases long-term demand for battery manufacturing equipment.
• Growing focus on sustainability and industrial electrification drives energy-storage battery demand.
➤ Key Player Strategies
• Continued investment in new gigafactories to scale global battery production.
• Adoption of advanced, automated manufacturing equipment to improve productivity and yield.
• Strategic partnerships and technology collaborations to enhance innovation and efficiency.
➤ Recent Developments
• In March 2024, a collaboration between Averna and Gotion resulted in an end-of-line test system for battery pack validation.
• In March 2023, LG Energy Solution invested approximately USD 5.5 billion to develop a battery manufacturing complex in Arizona.
• In September 2024, Panasonic Energy began mass production of 4680-size automotive batteries, expanding advanced manufacturing capacity.
➤ Investment Landscape and ROI Outlook
• Market growth from USD 9.77 billion in 2025 to USD 90.12 billion by 2034 highlights strong investment potential.
• Rising EV production, renewable energy storage demand, and supportive policies improve return on investment prospects.
• Equipment manufacturers and suppliers are expected to benefit from sustained global battery capacity expansion.
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➤ Market Segmentations
➤ By Machine Type
• Coating & Dryer
• Calendaring
• Slitting
• Mixing
• Electrode Stacking
• Assembly & Handling Machines
• Formation & Testing Machines
➤ By Battery Type
• Lead-Acid
• Lithium-Ion
• Nickel Metal Hydride (NiMH)
• Nickel Cadmium (NiCd)
• Others
➤ By Application
• Automotive Batteries
• Industrial Batteries
• Portable Batteries
➤ By Region
• North America - Largest market
• Europe
• Asia-Pacific - Fastest-growing region
• Middle East & Africa
• Latin America
➤ Why Buy This Report?
• Provides detailed market forecasts from 2025 to 2034 with strong growth metrics.
• Offers comprehensive segmentation across machine type, battery type, application, and region.
• Includes insights into leading players and their expansion strategies.
• Highlights key drivers, challenges, and emerging opportunities.
• Supports strategic planning and investment decision-making with reliable market data.
➤ FAQs
Q. What is the current and projected size of the Battery Manufacturing Equipment Market?
• The market was valued at USD 7.87 billion in 2024, is expected to reach USD 9.77 billion in 2025, and is projected to grow to USD 90.12 billion by 2034.
Q. What is the expected growth rate during 2025-2034?
• The market is projected to grow at a CAGR of 27.61% during the forecast period.
Q. What types of equipment are included in this market?
• Equipment includes coating and drying systems, calendaring machines, slitting machines, mixing units, electrode stacking systems, assembly equipment, and formation and testing machines.
Q. Which battery types and applications are covered?
• Battery types include lithium-ion, lead-acid, NiMH, NiCd, and others, while applications include automotive, industrial, and portable batteries.
Q. Which regions dominate and grow fastest in this market?
• North America leads the market, while Asia-Pacific is the fastest-growing region due to EV production growth and industrial expansion.
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➤ Conclusion
The Battery Manufacturing Equipment Market is experiencing rapid global expansion, driven by rising electric vehicle adoption, renewable energy storage needs, and strong demand for consumer electronics. With market value projected to soar from USD 9.77 billion in 2025 to USD 90.12 billion by 2034, the industry presents high growth and investment potential. While significant capital requirements and technological changes pose challenges, increasing gigafactory investments and supportive global sustainability policies offer substantial opportunities. The sector's robust growth outlook and evolving technological landscape make it a strategic focus area for manufacturers, investors, and policymakers.
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About Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
CMI is a one-stop solution for data collection and investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts advise clients on aspects such as strategies for future estimation, forecasting, opportunities to grow, and consumer surveys.
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