Europe NMC Battery Pack Market Trends

Statistics for the 2023 & 2024 Europe NMC Battery Pack market trends, created by Mordor Intelligence™ Industry Reports. Europe NMC Battery Pack trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of europe nmc battery pack Industry

TOYOTA GROUP LEADS THE EUROPEAN EV MARKET, FOLLOWED BY RENAULT, TESLA, KIA, AND BMW

  • The market for electric vehicles in various European countries is growing significantly, with numerous players operating, but it is largely driven by five major companies, which held more than 50% of the market in 2022. These companies include Toyota Group, Kia, Renault, Tesla, Kia, and Volkswagen. Toyota Group is the largest seller of electric vehicles in Europe, accounting for around 14.84% share of the electric car market. The company has a strong supply and distribution network catering to the demand and supply of customers in various European countries. The company has a wide product portfolio offering in the EV market.
  • Renault holds a market share of around 7.47%, making it the second-largest seller of electric vehicles across Europe. The company has a good brand image and a strong financial position. The company has alliances and strategic partnerships with good brands such as Nissan. The 3rd highest market share, 6.71%, for electric vehicle sales was recorded by Tesla. The business focuses on cutting-edge innovations and has solid strategic alliances with producers of several EV parts, including batteries.
  • The 4th largest place in European EV sales is Kia, accounting for around 6.26% of the market share. The company has wide product offerings for various types of customers with various budget-friendly options compared to other brands. The 5th largest player operating in the European EV market is BMW, maintaining its market share at around 6.14%. Some of the other players selling EVs in various European countries include Hyundai, Mercedes-Benz, BMW, Audi, and Ford.
Europe NMC Battery Pack Market

Tesla and Renault are the largest contributors to the demand for battery packs, as a result of the widespread sale of EVs in Europe in 2022

  • The demand for electric vehicles has dramatically increased during the past several years in every part of Europe. Electric vehicles are now more prevalent on European roadways. Although consumer interest in buying electric vehicles varies by area and by country, SUVs are the most popular type of electric vehicle in Germany and the United Kingdom, the region's two biggest markets for electric vehicles. The demand for electric SUVs is outpacing that for sedans in various European countries due to the increased interest in comfortable transportation and the fact that SUVs are roomier than sedans.
  • The number of compact SUVs purchased by consumers has increased dramatically across Europe. The Tesla Model Y offers a fully electric motor, a 5-star NCAP safety certification, spacious seating for up to 7 passengers, a long-range, and other features. It became one of the most popular models in several major European markets, including the United Kingdom and Germany, in 2022. The Renault Arkana provides a full hybrid engine, which has received a strong sales reaction from customers in several European nations like France due to its fuel efficiency and competitive pricing.
  • Captur was one of the best sellers from Renault in the European countries in 2022, owing to its offering of a hybrid and a plug-in hybrid powertrain, and is packed with lots of features attracting buyers. The European EV market also features a variety of electric SUVs and sedans from various international brands. One of the common cars is the Toyota Yaris and Ford Kuga, which recorded good sales in 2022. Other cars in the European EV market that are in the competition include the Fiat 500 and Toyota Yaris Cross.
Europe NMC Battery Pack Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • ENVIRONMENTAL CONCERNS, GOVERNMENT SUPPORT, AND DECARBONIZATION GOALS FUEL EUROPEAN ELECTRIC VEHICLE DEMAND AND SALES
  • DECLINING BATTERY PRICES AND GOVERNMENT INITIATIVES DRIVE DEMAND FOR ELECTRIC VEHICLES IN EUROPE
  • Technological innovations, production efficiency, and competition are expected to continue exerting downward pressure on lithium-ion battery prices in Europe
  • RISING SALES AND GOVERNMENT INITIATIVES SIGNAL A ROBUST GROWTH IN THE EUROPEAN ELECTRIC VEHICLE SECTOR
  • GROWTH IN THE DEMAND FOR VARIOUS BATTERY CHEMISTRIES ACROSS VARIOUS EUROPEAN COUNTRIES
  • DEMAND FOR BATTERY MATERIALS AND EVOLVING BATTERY CHEMISTRIES INCREASES AS EUROPE'S ELECTRIC VEHICLE MARKET GROWS
  • SALES OF ELECTRIC VEHICLES IN EUROPE HAVE BEEN ON THE RISE DUE TO DEVELOPMENTS IN BATTERY TECHNOLOGY

Europe NMC Battery Pack Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Electric Vehicle Sales

    2. 4.2 Electric Vehicle Sales By OEMs

    3. 4.3 Best-selling EV Models

    4. 4.4 OEMs With Preferable Battery Chemistry

    5. 4.5 Battery Pack Price

    6. 4.6 Battery Material Cost

    7. 4.7 Price Chart Of Different Battery Chemistry

    8. 4.8 Who Supply Whom

    9. 4.9 EV Battery Capacity And Efficiency

    10. 4.10 Number Of EV Models Launched

    11. 4.11 Regulatory Framework

      1. 4.11.1 Belgium

      2. 4.11.2 France

      3. 4.11.3 Germany

      4. 4.11.4 Hungary

      5. 4.11.5 Poland

      6. 4.11.6 UK

    12. 4.12 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 5.1 Body Type

      1. 5.1.1 Bus

      2. 5.1.2 LCV

      3. 5.1.3 M&HDT

      4. 5.1.4 Passenger Car

    2. 5.2 Propulsion Type

      1. 5.2.1 BEV

      2. 5.2.2 PHEV

    3. 5.3 Capacity

      1. 5.3.1 15 kWh to 40 kWh

      2. 5.3.2 40 kWh to 80 kWh

      3. 5.3.3 Above 80 kWh

      4. 5.3.4 Less than 15 kWh

    4. 5.4 Battery Form

      1. 5.4.1 Cylindrical

      2. 5.4.2 Pouch

      3. 5.4.3 Prismatic

    5. 5.5 Method

      1. 5.5.1 Laser

      2. 5.5.2 Wire

    6. 5.6 Component

      1. 5.6.1 Anode

      2. 5.6.2 Cathode

      3. 5.6.3 Electrolyte

      4. 5.6.4 Separator

    7. 5.7 Material Type

      1. 5.7.1 Cobalt

      2. 5.7.2 Lithium

      3. 5.7.3 Manganese

      4. 5.7.4 Natural Graphite

      5. 5.7.5 Nickel

      6. 5.7.6 Other Materials

    8. 5.8 Country

      1. 5.8.1 France

      2. 5.8.2 Germany

      3. 5.8.3 Hungary

      4. 5.8.4 Italy

      5. 5.8.5 Poland

      6. 5.8.6 Sweden

      7. 5.8.7 UK

      8. 5.8.8 Rest-of-Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 BMZ Batterien-Montage-Zentrum GmbH

      2. 6.4.2 Contemporary Amperex Technology Co. Ltd. (CATL)

      3. 6.4.3 Deutsche ACCUmotive GmbH & Co. KG

      4. 6.4.4 Groupe Renault

      5. 6.4.5 H GREEN POWER Inc.

      6. 6.4.6 LG Energy Solution Ltd.

      7. 6.4.7 NorthVolt AB

      8. 6.4.8 Panasonic Holdings Corporation

      9. 6.4.9 SAIC Volkswagen Power Battery Co. Ltd.

      10. 6.4.10 Samsung SDI Co. Ltd.

      11. 6.4.11 SK Innovation Co. Ltd.

      12. 6.4.12 SVOLT Energy Technology Co. Ltd. (SVOLT)

      13. 6.4.13 TOSHIBA Corp.

  7. 7. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

Europe NMC Battery Pack Market Report Snapshots