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    Europe Electric Vehicle Battery Recycling Market

    ID: MRFR/AM/19823-HCR
    128 Pages
    Garvit Vyas
    September 2025

    Europe Electric Vehicle Battery Recycling Market Research Report Information By Type (Lithium-ion, Lead Acid, and Others), By Source (End of life and Production Scrap) By Vehicle Type (Passenger Cars, Buses, Vans, and Others) –and Europe Market Forecast Till 2034

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    Europe Electric Vehicle Battery Recycling Market Research Report 2034 Infographic
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    Europe Electric Vehicle Battery Recycling Market Summary

    The Europe Electric Vehicle Battery Recycling market is poised for substantial growth, with a projected valuation increase from 3.37 USD Billion in 2024 to 27.5 USD Billion by 2035.

    Key Market Trends & Highlights

    Europe Electric Vehicle Battery Recycling Key Trends and Highlights

    • The market is expected to grow at a compound annual growth rate of 21.01% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 27.5 USD Billion, indicating robust expansion.
    • In 2024, the market is valued at 3.37 USD Billion, reflecting the increasing focus on sustainable practices.
    • Growing adoption of electric vehicles due to environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 3.37 (USD Billion)
    2035 Market Size 27.5 (USD Billion)
    CAGR (2025-2035) 21.01%

    Major Players

    Battery Solutions LLC, Gopher Resource LLC, Ecobat Logistics, Terrapure BR Ltd., Retriev Technologies, COM2 Recycling Solutions, Call2Recycle, Exide Technologies

    Europe Electric Vehicle Battery Recycling Market Trends

    The rise in demand for electric cars is driving market growth

    All of these factors are projected to support the growth of the electric vehicle battery recycling market.

    Additionally, recycling automobile electric car batteries increasingly utilizes sustainable, clean fuels. Economists and environmentalists are concerned about the transportation system's heavy reliance on oil as fuel. Both environmental consciousness and the adoption of electric vehicles are rising. Because lithium-ion batteries are required for a steady power supply, the use of E.D.V.s and the need for these batteries is increasing. Energy efficiency, the reduction of pollution, and consumer adoption are some of the reasons expected to drive the growth of the E.V. market.

    Rising electric vehicle sales will spur the expansion of electric vehicle battery recycling because of improved battery technology and the low maintenance requirements of lithium-ion batteries.

    Furthermore, due to growing start-ups in the battery recycling sector, the European region has recently seen continued growth in the battery recycling industry. Energy storage initiatives in the area and the expanding market for electric vehicles are the other major forces behind battery recycling. The battery electric vehicle (BEV) market share reached a record 12.1 percent in 2022, up from 9.1 percent in 2021 and 1.9 percent in 2019, according to the European Automobile Manufacturers' Association, or ACEA.

    The market for battery recycling in Europe is likely to rise shortly due to this increase in market share. Fortum Battery Recycling opened for business at its cutting-edge hydrometallurgical battery material recycling facility in Harjavalta, Finland, in April 2023. Regarding recycling capacity, the recently constructed facility is the biggest in Europe. It is also the first commercial hydrometallurgical recycling factory in Europe. Thus, driving the Electric Vehicle Battery Recycling market revenue.

    Market Segment Insights

    Electric Vehicle Battery Recycling Type Insights

    Based on Type, the Europe Electric Vehicle Battery Recycling market segmentation includes lithium-ion, lead acid, and others. The lithium-ion systems segment dominated the market. These features, including low self-discharge, high power-to-weight ratio, and outstanding high-temperature performance, all have a major positive impact on the environment compared to other fossil fuel alternatives. It is anticipated that the growing popularity of electric vehicles will have an immediate effect on lowering carbon emissions. These crucial factors could majorly impact market growth throughout the projection period. The lithium-ion automobile batteries market is growing for each of these reasons.

    The lead-acid segment is expected to grow fastest. Because lead-acid batteries are heavy, inexpensive, and low maintenance, they are considered the ideal power source. This sub-segment is expected to grow due to the growing usage of lead-acid batteries in various applications, such as electric scooters, backup power supplies, and maritime applications, in addition to affordability, simplicity, and energy efficiency. Over 97% of lead-acid batteries in Europe are recycled, and over 75% of the lead used in brand-new lead-acid batteries comes from recycled batteries. The demand for lead-acid batteries is gradually rising for each of these reasons.

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Electric Vehicle Battery Recycling Source Insights

    Based on Source, Europe's Electric Vehicle Battery Recycling segmentation includes end-of-life and production scrap. The production scrap category generated the most income because of the increasing shift toward EV manufacturing in countries like the United Kingdom. Cells in consumer electronics devices, such as laptops and other home appliances, and cell production scrap from failed batteries that pass quality control account for the majority of battery material still viable for recycling.

    The end-of-life category is predicted to have the quickest rate due to a low recycling rate in this region. This is caused by various circumstances, such as how batteries are stored or hoarded, how they are disposed of without recycling, or how they are used in different contexts.

    Electric Vehicle Battery Recycling Vehicle Type Insights

    Based on Vehicle Type, Europe's Electric Vehicle Battery Recycling segmentation includes passenger cars, buses, vans, and others. The passenger car category has the largest market share. An increasing amount of money is invested in electric passenger cars, and there is a demand for them. It is projected that several government-sponsored programs, such as tax breaks, grants, and other non-financial benefits like access to carpool lanes, will greatly boost demand for electric passenger cars, propelling the EV battery recycling market forward during the forecast period.

    The buses category is predicted to have the quickest rate due to the United Kingdom's use of electric vehicle technology in public transportation. Increasing the proportion of electric buses in their fleets for public transportation is a goal for several European economies. Because environmental rules are growing increasingly strict, demand for electric buses is expected to rise dramatically in the coming years. It is projected that the markets for electric buses and battery recycling will expand over the forecast period.

    Electric Vehicle Battery Recycling Country Insights

    The largest market share is expected to be in Germany. Recycling these batteries can prolong their life cycle, reduce waste, and lessen the ecological impact of electric vehicle technology, all in line with the country's commitment to sustainability and environmental responsibility. Moreover, the need for effective energy storage solutions is rising due to Germany's developing renewable energy sector, typified by sporadic energy output from sources like solar and wind. The adoption of EV battery reuse in Germany is further boosted by the government's encouraging policies, subsidies, and incentives for sustainable practices and clean energy technologies.

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Get more detailed insights about Europe Electric Vehicle Battery Recycling Market Research Report 2034

    Key Players and Competitive Insights

    Prominent industry participants are making significant R&D investments to broaden their range of products, contributing to the market expansion for Electric Vehicle Battery Recycling. In addition, market players are engaging in various strategic endeavors to broaden their market reach. Significant developments include introducing new products, contractual arrangements, mergers and acquisitions, increased investment levels, and cooperation with other entities. To grow and endure in an increasingly cutthroat and dynamic marketplace, the Electric Vehicle Battery Recycling sector must provide affordable products.

    Businesses engaged in research and development are trying to boost demand for Electric Vehicle Battery Recycling from major participants in the market, including Battery Solutions LLC, Gopher Resource LLC, Ecobat Logistics, Terrapure BR Ltd., Retriev Technologies, COM2 Recycling Solutions, Call2Recycle, and Exide Technologies.

    Key Companies in the Europe Electric Vehicle Battery Recycling Market market include

    Industry Developments

    In February 2024, Indian Smy Holdings LI, in association with LOHUM Cleantech, announced its plans to enter the UAE market and set up the country's first EV Battery Recycling facility. This project is based on a partnership agreement with the UAE's Ministry of Energy and Infrastructure and BEEAH, a leader in sustainability and digitalization in the Middle East.

    In 2024, this factory plans to commence the production of PRiMX 21700 cylindrical battery cells. The corporation is also to invest USD 1.4 billion in phases as of the year 2025. The cell types that are going to be produced in this factory are meant to cater to the demand of electric cars (EVs), micromobility, and other markets.

    In April of 2023, Samsung SDI broke ground for their second battery factory located in Seremban, Malaysia.

    Market Segmentation

    Electric Vehicle Battery Recycling Type Outlook

    • Lithium-ion
    • Lead Acid
    • Others

    Electric Vehicle Battery Recycling Source Outlook

    • End of life
    • Production Scrap

    Electric Vehicle Battery Recycling Regional Outlook

    • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Luxembourg
    • Norway
    • Austria
    • Rest of Europe

    Electric Vehicle Battery Recycling Vehicle Type Outlook

    • Passenger Cars
    • Buses
    • Vans
    • Others

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024    3.37 (USD Billion)
    Market Size 2025    4.07 (USD Billion)
    Market Size 2034    22.65 (USD Billion)
    Compound Annual Growth Rate (CAGR)     21.20% (2025 - 2034)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2034
    Historical Data 2019 - 2023
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Source, Vehicle Type, and Region
    Region Covered Europe
    Countries Covered Germany, France, United Kingdom, Italy, Spain, Sweden, Denmark, Luxembourg, Norway, Austria, and the Rest of Europe
    Key Companies Profiled Battery Solutions LLC, Gopher Resource LLC, Ecobat Logistics, Terrapure BR Ltd., Retriev Technologies, COM2 Recycling Solutions, Call2Recycle, and Exide Technologies
    Key Market Opportunities The increasing adoption of eco-friendly batteries Increase in the need for renewable energy storage
    Key Market Dynamics expanding need for zero-emission vehicles  The reduction of natural resource utilization in battery production is receiving more attention.

    FAQs

    How much is the Electric Vehicle Battery Recycling market?

    The Europe Electric Vehicle Battery Recycling market size was valued at USD 3.37 Billion in 2024.

    What is the growth rate of the Electric Vehicle Battery Recycling market?

    The market is projected to grow at a CAGR of 21.20% during the forecast period, 2025-2034.

    Who are the key players in the Electric Vehicle Battery Recycling market?

    The key players in the market are Battery Solutions LLC, Gopher Resource LLC, Ecobat Logistics, Terrapure BR Ltd., Retriev Technologies, COM2 Recycling Solutions, Call2Recycle, and Exide Technologies, among others.

    Which type led to the electric vehicle battery recycling market?

    The lithium-ion category dominated the market in 2023.

    Which source had the largest market share in the Electric Vehicle Battery Recycling market?

    The production scrap category had the largest share of the market.

    Report Infographic
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