Japan Electric Vehicle (EV) Battery Housing Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Car and Commercial Car), By Material (Aluminium, Steel and Others (Carbon Fibre & Carbon Glass)), Outlook and Forecast, 2023 - 2030

The Japan Electric Vehicle (EV) Battery Housing Market size is expected to reach $2.1 billion by 2030, rising at a market growth of 12.7% CAGR during the forecast period.

One of Japan's key drivers of the electric vehicle (EV) battery housing market is the country's leadership in battery technology. Japanese companies, such as Panasonic, Sony, and other battery manufacturers, have been at the forefront of developing advanced lithium-ion battery technology widely used in electric vehicles. As a result, Japan has a strong ecosystem of battery suppliers and manufacturers that support producing high-quality battery housing solutions for electric vehicles.

Additionally, Japan's focus on innovation and technological advancement has led to the development of lightweight materials and advanced manufacturing processes well-suited for EV battery housing. Japanese companies are known for their expertise in materials science and engineering, allowing them to develop battery housing solutions that are not only lightweight but also durable and cost-effective.

Furthermore, Japan's strong automotive industry and its focus on quality and precision engineering have contributed to the growth of the electric vehicle (EV) battery housing market. Japanese automakers, such as Toyota, Nissan, and Honda, have invested in electric vehicle development and production, driving the demand for high-quality battery housing solutions that meet their stringent safety, performance, and reliability requirements.

Market Trends

Increasing demand for EVs owing to environmental concerns

As one of the world's leading economies, Japan has long been committed to addressing environmental issues, and the transportation sector has emerged as a key focus area for reducing greenhouse gas emissions and combating air pollution. This shift in consumer preferences towards EVs aligns with Japan's broader sustainability goals and reflects a growing awareness of the environmental impact of traditional gasoline-powered vehicles.

Moreover, public awareness and concern about the environmental impact of traditional gasoline-powered vehicles have grown significantly. Events like the Fukushima nuclear disaster and the broader global discourse on climate change have heightened the public's urgency to address environmental issues. As a result, there is a cultural shift towards embracing sustainable lifestyles, including the choice of vehicles with lower environmental footprints. With their zero tailpipe emissions and potential for integration with renewable energy sources, EVs align closely with this shift in values and priorities.

Furthermore, the Japanese government's push towards a greener and more sustainable transportation sector has increased investments in EV infrastructure, including charging stations and battery manufacturing facilities. This has created a conducive environment for the growth of the electric vehicle (EV) battery housing market as manufacturers ramp up production to meet the rising demand for EV components.

According to the Japan Automobile Dealers Association (JADA), sales of new electric vehicles in 2020 reached close to 1.4 million. New electric vehicles accounted for 36.2% of total new car sales, up from 35.2% in 2019 and 32.9% in 2017. The robust demand for hybrid electric vehicles (HEVs) in Japan has been evident since the introduction of the Toyota Prius in 1997, with HEVs claiming a staggering 97.8% share of the new electric vehicles sold in 2020. Thus, the increasing demand for EVs in Japan owing to environmental concerns has profoundly impacted the electric vehicle (EV) battery housing market.

Shift towards electrification in the automotive industry

In Japan, the electrification trend extends to passenger cars and other vehicles, including commercial vehicles and public transportation. There is a growing interest in electrifying public transportation fleets, such as buses and taxis, and the development of electric trucks for freight transportation. One notable area of focus is the electrification of public transportation fleets, where there has been a growing interest in transitioning buses and taxis from traditional internal combustion engines to electric powertrains. Electric buses, in particular, are a promising solution for reducing emissions in urban areas where air quality is a concern. By electrifying public transportation, Japan aims to reduce greenhouse gas emissions and improve air quality in cities, contributing to better public health outcomes.

In addition to public transportation, there is a concerted effort to develop electric trucks for freight transportation. These electric trucks are designed to meet freight logistics' unique demands while offering zero-emission operation's environmental benefits. As the logistics industry seeks to reduce its carbon footprint, electric trucks are seen as a viable solution for achieving this goal.

The shift towards electrification has also increased investment in battery manufacturing infrastructure. In response to the growing demand for EV batteries, manufacturers have been expanding their production capacity, including facilities for manufacturing battery housings. This expansion of manufacturing capabilities is driven by the need to scale up production to meet the rising demand for EVs in Japan and global industry. Therefore, as the transition to electric vehicles continues, the demand for EV battery housings is expected to remain strong, presenting opportunities for growth and innovation in the EV component market.

Competition Analysis

Japan is home to several research institutions and universities with battery technology and materials science expertise. These institutions often collaborate with industry partners to conduct research and development related to EV battery technology, including advancements in battery housing design and materials.

Japanese automotive manufacturers such as Toyota, Nissan, and Honda have been actively developing electric vehicles and their components. These companies have research and development divisions focused on battery technology and may also work with specialized suppliers for EV battery housing components.

Moreover, the electric vehicle (EV) battery housing market in Japan includes several key participants involved in designing, manufacturing, and supplying battery housings for electric vehicles. Panasonic Corporation, Mitsubishi Chemical Corporation, Sony Corporation, GS Yuasa Corporation, Toray Industries, Inc., Toyota Motor Corporation, NEC Corporation, Denso Corporation, etc., are some market participants in the Japanese industry.

Companies also specialize in manufacturing and supplying battery housings specifically for electric vehicles. These suppliers may work with automotive manufacturers directly or through partnerships to provide customized solutions for different EV models. Some notable battery housing suppliers in Japan include Hitachi Chemical Co., Ltd., Teijin Limited, Asahi Kasei Corporation, Toyota Boshoku Corporation, DaikyoNishikawa Corporation, etc.

Leveraging its expertise in materials science, Mitsubishi Chemical Corporation has been a key player in supplying materials and components for EV batteries, including battery housings. Its involvement underscores the importance of advanced materials in developing high-performance EV batteries.

Another prominent electric vehicle (EV) battery housing market player is Toray Industries, Inc., a multinational corporation specializing in materials science and chemical technology. Toray Industries has a strong track record of supplying advanced materials for various industries, including automotive. The company's contributions to the EV industry include providing materials used in producing battery housings, reflecting its commitment to supporting the growth of electric mobility.

Toyota Boshoku Corporation, a subsidiary of Toyota Motor Corporation, also supplies automotive components, including battery housings for EVs. As part of the broader Toyota Group, Toyota Boshoku leverages its expertise in automotive manufacturing to contribute to the development of EVs, including providing critical components like battery housings.

DaikyoNishikawa Corporation specializes in automotive parts, including interior and exterior components. While not exclusively focused on battery housings, the company's involvement in supplying automotive components positions it as a potential contributor to Japan's EV battery housing market.

These companies represent a sample of the diverse range of suppliers involved in Japan's electric vehicle (EV) battery housing market. Their contributions are essential to the advancement of EV technology and the continued growth of the electric mobility sector. For the most current information on battery housing suppliers in Japan, it's advisable to consult industry reports or official company sources.

List of Key Companies Profiled

• Magna International, Inc.
• Proterial, Ltd.
• SABIC (Saudi Arabian Oil Company)
• Lanxess AG
• Evonik Industries AG (RAG-Stiftung)
• Covestro AG
• Teijin Limited
• thyssenkrupp AG
• SGL Carbon SE
• Constellium SE

Japan Electric Vehicle (EV) Battery Housing Market Report Segmentation

By Vehicle Type

• Passenger Car
• Commercial Car

By Material

• Aluminium
• Steel
• Others (Carbon Fibre & Carbon Glass)

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Japan Electric Vehicle (EV) Battery Housing Market, by Vehicle Type
1.4.2 Japan Electric Vehicle (EV) Battery Housing Market, by Material
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
2.3 Porter’s Five Forces Analysis

Chapter 3. Japan Electric Vehicle (EV) Battery Housing Market
3.1 Japan Electric Vehicle (EV) Battery Housing Market by Vehicle Type
3.2 Japan Electric Vehicle (EV) Battery Housing Market by Material

Chapter 4. Company Profiles – Global Leaders
4.1 Magna International, Inc.
4.1.1 Company Overview
4.1.2 Financial Analysis
4.1.3 Segmental and Regional Analysis
4.1.4 Research & Development Expenses
4.1.5 Recent strategies and developments:
4.1.5.1 Geographical Expansions:
4.1.6 SWOT Analysis
4.2 Proterial, Ltd.
4.2.1 Company Overview
4.2.2 Financial Analysis
4.2.3 Segmental and Regional Analysis
4.2.4 Research & Development Expenses
4.2.5 SWOT Analysis
4.3 SABIC (Saudi Arabian Oil Company)
4.3.1 Company Overview
4.3.2 Financial Analysis
4.3.3 Segmental and Regional Analysis
4.3.4 SWOT Analysis
4.4 Lanxess AG
4.4.1 Company Overview
4.4.2 Financial Analysis
4.4.3 Segmental and Regional Analysis
4.4.4 Research & Development Expenses
4.4.5 Recent strategies and developments:
4.4.5.1 Product Launches and Product Expansions:
4.4.6 SWOT Analysis
4.5 Evonik Industries AG (RAG-Stiftung)
4.5.1 Company Overview
4.5.2 Financial Analysis
4.5.3 Segmental and Regional Analysis
4.5.4 Research & Development Expenses
4.5.5 Recent strategies and developments:
4.5.5.1 Product Launches and Product Expansions:
4.5.6 SWOT Analysis
4.6 Covestro AG
4.6.1 Company Overview
4.6.2 Financial Analysis
4.6.3 Segmental and Regional Analysis
4.6.4 Research & Development Expenses
4.6.5 SWOT Analysis
4.7 Teijin Limited
4.7.1 Company Overview
4.7.2 Financial Analysis
4.7.3 Segmental and Regional Analysis
4.7.4 Research & Development Expenses
4.7.5 Recent strategies and developments:
4.7.5.1 Product Launches and Product Expansions:
4.7.6 SWOT Analysis
4.8 thyssenkrupp AG
4.8.1 Company Overview
4.8.2 Financial Analysis
4.8.3 Segmental and Regional Analysis
4.8.4 Research & Development Expenses
4.8.5 SWOT Analysis
4.9 SGL Carbon SE
4.9.1 Company Overview
4.9.2 Financial Analysis
4.9.3 Segmental and Regional Analysis
4.9.4 Research & Development Expenses
4.9.5 SWOT Analysis
4.10. Constellium SE
4.10.1 Company Overview
4.10.2 Financial Analysis
4.10.3 Segmental and Regional Analysis
4.10.4 Research & Development Expenses
4.10.5 SWOT Analysis

TABLE 1 Japan Electric Vehicle (EV) Battery Housing Market, 2019 - 2022, USD Million
TABLE 2 Japan Electric Vehicle (EV) Battery Housing Market, 2023 - 2030, USD Million
TABLE 3 Japan Electric Vehicle (EV) Battery Housing Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 4 Japan Electric Vehicle (EV) Battery Housing Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 5 Japan Electric Vehicle (EV) Battery Housing Market by Material, 2019 - 2022, USD Million
TABLE 6 Japan Electric Vehicle (EV) Battery Housing Market by Material, 2023 - 2030, USD Million
TABLE 7 Key Information – Magna International, Inc.
TABLE 8 Key Information – Proterial, Ltd.
TABLE 9 Key Information – SABIC
TABLE 10 key Information – Lanxess AG
TABLE 11 Key Information – Evonik Industries AG
TABLE 12 key information – Covestro AG
TABLE 13 Key Information – Teijin Limited
TABLE 14 Key Information – thyssenkrupp AG
TABLE 15 Key Information – SGL Carbon SE
TABLE 16 Key Information – Constellium SE

List of Figures
FIG 1 Methodology for the research
FIG 2 Japan Electric Vehicle (EV) Battery Housing Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Electric Vehicle (EV) Battery Housing Market
FIG 4 Porter’s Five Forces Analysis - Electric Vehicle (EV) Battery Housing Market
FIG 5 Japan Electric Vehicle (EV) Battery Housing Market Share by Vehicle Type, 2022
FIG 6 Japan Electric Vehicle (EV) Battery Housing Market Share by Vehicle Type, 2030
FIG 7 Japan Electric Vehicle (EV) Battery Housing Market by Vehicle Type, 2019 - 2030, USD Million
FIG 8 Japan Electric Vehicle (EV) Battery Housing Market Share by Material, 2022
FIG 9 Japan Electric Vehicle (EV) Battery Housing Market Share by Material, 2030
FIG 10 Japan Electric Vehicle (EV) Battery Housing Market by Material, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: Magna International, Inc.
FIG 12 SWOT Analysis: Proterial, Ltd.
FIG 13 SWOT Analysis: SABIC
FIG 14 SWOT Analysis: Lanxess AG
FIG 15 SWOT Analysis: Evonik Industries AG
FIG 16 SWOT Analysis: Covestro AG
FIG 17 SWOT Analysis: Teijin Limited
FIG 18 SWOT Analysis: thyssenkrupp AG
FIG 19 SWOT Analysis: SGL Carbon SE
FIG 20 SWOT Analysis: Constellium SE