Trends and Forecast for the Global Vehicle Battery Enclosure MarketTechnology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global vehicle battery enclosure by technology type (Steel Based, Aluminum Based, and Composite Based), vehicle (BEV, PHEV), and regionAccording to Lucintel's latest report, technologies in the vehicle battery enclosure market have undergone significant changes in recent years, with heavy metals to light weight material technologies. The vehicle battery enclosure market is expected to grow with a CAGR of 38%. In this market, aluminum based technology is the largest segment by technology type. The increasing adoption of electric vehicles due to stringent government regulations to reduce carbon emissions, government incentive to promote electric vehicles, and increasing demand for light weight material provides strategic growth path in this market.
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Based on technology type, vehicle battery enclosure market is segmented into steel based, aluminum based, and composite based. Lucintel forecasts that the aluminum based to remain the largest technology segment over the forecast period due to its light weight properties that makes it more usable and it is also sustainable because aluminum is totally recyclable.
The vehicle battery enclosure market is marked by the presence of several big and small providers. Some of the prominent providers offering Vehicle battery enclosure include Constellium SE, Teijin Group, Hanwha, Nemak, Gestamp, SGL Carbon, and Minth Group.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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