Portland, OR, Aug. 11, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global transportation battery recycling market garnered $4.75 billion in 2021, and is estimated to generate $9.95 billion by 2030, manifesting a CAGR of 8.2% from 2022 to 2030. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2030 |
| Base Year | 2021 |
| Market Size in 2021 | $4.75 billion |
| Market Size in 2030 | $9.95 billion |
| CAGR | 8.2% |
| No. of Pages in Report | 270 |
| Segments covered | Chemistry, Sources, and Region. |
| Drivers | Rising popularity of portable electronics |
| Grid-scale energy storage | |
| Opportunities | Rise in demand for electric and hybrid vehicles |
| Restraints | Presence of heavy metals such as mercury and lead |
Covid-19 Scenario:
- The automotive industry, among others, has been severely impacted by the COVID-19 pandemic, which has resulted in a dramatic decline in automotive sales. Due to the extensive use of automotive batteries in the automobile industry, demand for recycling transportation batteries substantially reduced.
- China is the leading producer and exporter of automobile batteries. However, China being the hotspot of the…
