Supercharging the Supply Chain: A Look at Battery Logistics Market Growth

 By- Infinium Global Research

Battery Logistics Market Booming Driven by Electric Vehicles

A recent report by Infinium Global Research dives deep into the battery logistics market, analyzing its current state and future prospects. The study explores various segments and sub-segments, along with the influence of key drivers, restraints, and economic indicators on the global and regional markets. It offers a comprehensive analysis of trends, forecasts, and the overall market value.

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Electric Vehicles Fueling Demand for Battery Logistics

The report highlights the surge in electric vehicle (EV) sales as a major driver for the battery logistics market. With over 13 million EVs sold globally in 2023, according to the International Energy Agency, the demand for Lithium-ion batteries has grown significantly. This extends beyond EVs, as battery usage for residential and industrial power needs has also increased, prompting a rise in battery transportation between manufacturers and end-users.

Battery Logistics: A Critical and Lucrative Market

Battery logistics is a critical and complex task. Battery weight and the potential environmental hazards associated with damage during transport necessitate a high degree of efficiency and specialized handling. The report by Infinium Global Research identifies this market as highly lucrative for logistics companies, driven by the combined effects of booming EV demand and rising battery use across various industries. Leading logistics providers like DHL, FedEx, and DB Schenker are already capitalizing on this opportunity.

Developed Markets Poised for Battery Logistics Growth

The report pinpoints promising developments in developed markets like the US, China, Germany, India, and Saudi Arabia. Additionally, countries with growing EV adoption, a shift towards renewable energy, and sustainability initiatives are expected to present significant opportunities in the battery logistics sector over the next six years.

Infinium Global Research Unveils Battery Logistics Market Insights

Infinium Global Research employed a combination of primary and secondary research methods for this report. Primary research involved interviews with industry executives and consultants, while secondary research validated these findings through industry and company publications. The market size was estimated using both bottom-up and top-down approaches. The bottom-up approach involved accumulating regional and then global market sizes based on revenue generated by logistics companies offering battery services in various countries. Conversely, the top-down approach involved dividing the estimated global market size among key regions and segments. Revenue distribution within these segments and regions was then determined based on the specific battery logistics services offered.

The Electric Vehicle Boom and Its Impact on Battery Logistics

The report emphasizes the strong correlation between the rising popularity of EVs and the growth of the battery logistics market. The dominance of China, Europe, and the US in global EV sales exemplifies this connection. China, leading the pack with over 60% of global EV sales in 2023, is followed by Europe with a 15% increase in 2022 (one out of every five cars sold being electric), and the US witnessing a 55% increase in 2022 (reaching an 8% sales share). This translates to a surge in battery demand, as these batteries require complex supply chains to reach automotive assembly plants. The International Energy Agency further highlights the significant global spending on electric cars in 2022, exceeding USD 425 billion, with consumer investment driving the majority of this growth.

Specialized Battery Logistics Solutions Gain Traction

The report also acknowledges the increasing size and complexity of batteries, necessitating specialized equipment and expertise for safe transport. These characteristics, coupled with the inherent fire risk, are driving the demand for specialized battery logistics solutions. Stringent regulations, varying shipping rules, and complex supply chain coordination further add to the challenges. Specialized packaging that meets testing standards is crucial for safe transportation. As battery demand rises, specialized logistics services become even more essential.

Battery Logistics: Challenges and Opportunities in a Safety-First Environment

However, the report recognizes the complexity and safety concerns as potential hindrances to market growth. The hazardous nature of batteries, particularly Lithium-ion batteries used in EVs, poses safety challenges during handling and transportation due to the risk of thermal runaway. Adherence to safety regulations and specialized handling procedures add complexity and cost to logistics operations.

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Sustainability Paves the Way for Growth in Battery Recycling

The report concludes by highlighting opportunities arising from the focus on sustainability and circular economy principles. The development of recycling infrastructure for end-of-life batteries presents a potential growth area for companies in the battery logistics market. The report cites CEVA Logistics as an example, focusing on developing processes for handling, storing, and transporting used Lithium-ion batteries.

Asia Pacific Takes the Lead in Battery Logistics Market

Geographically, the report segments the global battery logistics market into North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific region is expected to hold the largest market share due to the presence of major economies like China, Japan, South Korea, and India. These countries have witnessed rapid industrialization, urbanization, and technological advancements, leading to a surge in battery demand across various sectors. The burgeoning EV production in this region further

Market Keyplayers:

  • DHL
  • FedEx
  • DB Schenker
  • CEVA Logistics
  • Maersk
  • Airborne International Courier Services
  • Crane Worldwide Logistics
  • Evans Distribution Systems
  • NOWOS
  • Alfred Schuon GmbH Internationale Spedition + Logistik

 

Contact Us:

 

Infinium Global Research LLP

Mob: +91 9923950043

Email: info@infiniumglobalresearch.com

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