Battery structural parts market projected to reach $18.97 billion by 2032

The global battery structural parts market is projected to grow from $6.06 billion in 2025 to $18.97 billion by 2032, representing a compound annual growth rate (CAGR) of 18.3%. This growth is driven by increasing demand for electric vehicles (EVs) and energy storage systems (ESS), alongside advancements in cell size and safety standards.

Key components such as cases and covers form the core of the market. In 2025, the top ten companies held approximately 69% of the market share. Major industry players include Shenzhen Kedali Industry, Zhenyu Technology, and Shenzhen Everwin Precision Technology. Recent strategic moves include Kedali America LLC planning a $72 million investment to establish its first U.S. manufacturing base in 2026, and Zhenyu Technology securing funding to expand production of precision components for lithium batteries and humanoid robots.