EV Battery Market Procurement Intelligence Report, 2020-2025

Electric Vehicle Battery Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model Analysis, Low & Best Cost Country Analysis, Day One Analysis Report, 2020 - 2025

  • Published Date: Sep, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-P-10508
  • Format: Electronic (PDF)
  • Historical Data: 2018-2019
  • Number of Pages: 60

Category Overview

“Growing adoption of electric vehicles is aiding to the growth of EV battery market”

The global EV battery market is expected to witness sustainable growth (CAGR of 16%) from 2020 to 2025 due to the rising demand for electric vehicles across the world. Moreover, many countries are implementing policies with the focus to deploy and improve EV infrastructure, leading to market growth.

Electric Vehicle Battery Market Size, 2018-2025 (GWh)

For instance, the Government of India is planning to set up 69,000 charging stations across the country by 2030. Moreover, the increasing efficiency starting from charging station set-ups to fast charging of the electric vehicle is expected to create a significant growth opportunity for the market in near future.With the growing requirement for EV batteries, the suppliers are finding newer sourcing and procurement methods for optimizing the cost of manufacturing, reducing the volatility of obtaining raw materials, and improving profitability.

Supplier Intelligence

“The global EV battery market is fragmented and competitive, with many large suppliers collaborating with mid-sized or small-sized companies to leverage their regional manufacturing capabilities.”

Leading EV battery suppliers are mostly manufacturing EV batteries for their in-house charging infrastructure development. Hence, the competition is particularly high among the smaller regional EV battery suppliers.

Electric Vehicle Battery Market - Competitive Landscape

An increase in mergers and acquisitions, coupled with diffused customer concentration, has enabled the EV battery suppliers to secure add-on offerings to realize growth in new geographies.

Pricing and Cost Intelligence

“Raw material costs make up the bulk of the cost head. The total cost of ownership is significantly influenced by the cost of integrating the battery in the electric vehicle.”

Raw materials, including lithium, graphite, MN+Li+Co, are the biggest cost component of EV battery manufacturing; accounting for more than 60% of the total cost.

Electric Vehicle Battery Market - Cost Structure & Raw Material Share

The electric vehicle battery market procurement intelligence report provides a detailed analysis of the cost structure of the service along with the prevalent pricing models that prominent suppliers in the market opt for.

Sourcing Intelligence

“The Asia Pacific region holds the highest share of the global EV battery market, thanks to China’s position as the leading sourcing destination due to its low cost of labor.”

The majority of the big players in the market are based out of APAC. It is also the fastest-growing market, owing to the supportive policies of China's government and the development of China as the global EV battery manufacturing hub. However, the majority of the EV battery produced in China are sold to domestic electric vehicle manufacturing companies. Hence, countries like Japan and South Korea are the preferable sourcing destination of Western Countries, most of the major suppliers in these markets have comparable functional and operational capabilities.

Electric Vehicle Battery Market - Electric Accumulators Import & Export Data (USD Million)

Since 2015, Japan has been a constant presence in the top 5 electric accumulator exporters globally. The exporting reached its peak in 2016 but since then it has not matched the previous heights majorly due to a shift in the supply chain toward China and other Southeast Asian countries

From a sourcing perspective, the majority of the suppliers opt for a hybrid or bundled outsourcing engagement model as it reduces the complexities associated with in-house production.

Electric Vehicle Battery Market - Engagement Model

Suppliers widely prefer approved provider operating models to reduce risks and improve the potential for value creation. As such, suppliers are expected to move from offering generic services to proprietary services in the future. The report also provides details regarding quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis.

Frequently Asked Questions About This Report

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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