North America Battery Recycling Market Size & Outlook
The battery recycling market in North America is expected to reach a projected revenue of US$ 4,771.0 million by 2030. A compound annual growth rate of 37.9% is expected of North America battery recycling market from 2024 to 2030.
The North America battery recycling market generated a revenue of USD 503.8 million in 2023.
The market is expected to grow at a CAGR of 37.9% from 2024 to 2030.
In terms of segment, lead acid was the largest revenue generating chemistry in 2023.
Lithium-ion is the most lucrative chemistry segment registering the fastest growth during the forecast period.
Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
Market revenue in 2023
USD 503.8 million
Market revenue in 2030
USD 4,771.0 million
Growth rate
37.9% (CAGR from 2024 to 2030)
Largest segment
Lead acid
Fastest growing segment
Lithium-ion
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Lithium-ion, Lead acid, Nickel, Cobalt, Manganese
Key market players worldwide
Call2Recycle, EXIDE Industries, Gravita India Ltd, Glencore PLC, Gopher Resource, East Penn Manufacturing Co, Aqua Metals Inc, American Battery Technology Company, Cirba Solutions
Other key industry trends
In terms of revenue, North America region accounted for 27.5% of the battery recycling market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 7,498.9 million by 2030.
The market for battery recycling in North America is projected to witness reasonable growth over the forecast period owing to increasing sales of electric vehicles and consumer electronics in countries such as the U.S., Canada, and Mexico.
The growing number of battery manufacturing and recycling companies such as Johnson Controls, Exide, and Odyssey in North America is anticipated to fuel the growth of the market in the region in the coming years.
Moreover, the surging demand for electric vehicles in the U.S., Canada, and Mexico owing to increasing government efforts in these countries for reducing carbon footprint by promoting the adoption of eco-friendly automobiles is expected to contribute to the growth of battery recycling market in North America over the forecast period.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Battery Recycling Market Outlook will help companies and investors design strategic landscapes.
Lead Acid was the largest segment with a revenue share of 79.32% in 2023.
Horizon Databook has segmented the North America battery recycling market based on lithium-ion, lead acid, nickel, cobalt, manganese covering the revenue growth of each sub-segment from 2018 to 2030.
The market for battery recycling in North America is projected to witness reasonable growth over the forecast period owing to increasing sales of electric vehicles and consumer electronics in countries such as the U.S., Canada, and Mexico.
The growing number of battery manufacturing and recycling companies such as Johnson Controls, Exide, and Odyssey in North America is anticipated to fuel the growth of the market in the region in the coming years.
Moreover, the surging demand for electric vehicles in the U.S., Canada, and Mexico owing to increasing government efforts in these countries for reducing carbon footprint by promoting the adoption of eco-friendly automobiles is expected to contribute to the growth of battery recycling market in North America over the forecast period.
North America Battery Recycling Market Chemistry Outlook (Revenue, USD Million , 2018-2030)
Lithium-ion
Lead acid
Nickel
Cobalt
Manganese
North America Battery Recycling Market Application Outlook (Revenue, USD Million , 2018-2030)
Transportation
Consumer electronics
Industrial
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North America Battery Recycling Market, 2018-2030 (US$M)