The global CTP Battery Tray market was valued at US$ 836.5 million in 2022 and is projected to reach US$ 8819.4 million by 2029, at a CAGR of 40.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The key manufacturers of CTP Battery Tray are concentrated in China, include Guangdong Hoshion Aluminium Co.,Ltd, Huada Automotive Technology, Minth Group, Huayu Automotive Systems, Ling Yun Industrial Corp Ltd, and Lucky Harvest, etc.
Guangdong Hoshion Aluminium Co.,Ltd. and Huada Automotive Technology each hold about 30% of the market share.
China is the world's largest market, with about 97% of the market. It is expected that the market in North America, Europe and other regions will further expand in the future, while China will maintain the largest market share.
In terms of products, CTP battery tray is mainly divided into aluminum battery tray and steel battery tray. At present, the market is mainly made of aluminum battery tray, and steel battery tray is expected to be further developed.
In terms of application, pure electric vehicle and hybrid electric vehicles are the main downstream markets. Pure electric vehicle account for about 80%. It is expected that the application of the product in the hybrid electric vehicle industry will increase and gradually reach the level of pure electric vehicle.
Before the emergence of power electricity in CTP technology, the manufacture of battery packs was divided into three steps of "Cell-Module-Pack". The cells were assembled into modules and then packed into battery packs. The existence of modules is to improve the efficiency of packaging cells into battery packs and facilitate maintenance. However, with the increase in the amount of electricity carried by automobiles, the number of standardized batteries is also increasing, and the number of modules is also increasing. This increases the number of components, resulting in an increase in weight and cost and a decrease in space utilization.
CTP technology reduces the burden on the battery pack by reducing or even giving up the use of modules. The full name of CTP is "Cell to Pack", which skips the standard module link and directly integrates the battery cells on the battery pack, which effectively improves the space utilization and energy density of the battery pack.
CTP battery trays present a trend of replacing traditional trays. Compared with traditional trays, CTP technology can reduce the manufacturing cost of power batteries. At present, the penetration rate of CTP trays is about 10-15%. The main adopters of CTP technology are BYD and CATL. It is expected that the follow-up will develop rapidly and is expected to occupy the market. In terms of value, CTP battery trays are about 100% higher than traditional trays.
This report aims to provide a comprehensive presentation of the global market for CTP Battery Tray, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding CTP Battery Tray. This report contains market size and forecasts of CTP Battery Tray in global, including the following market information:
Global CTP Battery Tray Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global CTP Battery Tray Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five CTP Battery Tray companies in 2022 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the CTP Battery Tray manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global CTP Battery Tray Market, by Materials, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global CTP Battery Tray Market Segment Percentages, by Materials, 2022 (%)
Aluminum Battery Trays
Steel Battery Trays
Global CTP Battery Tray Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global CTP Battery Tray Market Segment Percentages, by Application, 2022 (%)
Pure Electric Vehicle
Hybrid Vehicle
Global CTP Battery Tray Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global CTP Battery Tray Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies CTP Battery Tray revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies CTP Battery Tray revenues share in global market, 2022 (%)
Key companies CTP Battery Tray sales in global market, 2018-2023 (Estimated), (K Units)
Key companies CTP Battery Tray sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Guangdong Hoshion Aluminium Co.,Ltd
Huada Automotive Technology
Minth Group
Huayu Automotive Systems
Ling Yun Industrial Corp Ltd
Lucky Harvest
Outline of Major Chapters:
Chapter 1: Introduces the definition of CTP Battery Tray, market overview.
Chapter 2: Global CTP Battery Tray market size in revenue and volume.
Chapter 3: Detailed analysis of CTP Battery Tray manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by materials, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of CTP Battery Tray in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global CTP Battery Tray capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports
1.1 CTP Battery Tray Market Definition
1.2 Market Segments
1.2.1 Market by Materials
1.2.2 Market by Application
1.3 Global CTP Battery Tray Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global CTP Battery Tray Overall Market Size
2.1 Global CTP Battery Tray Market Size: 2022 VS 2029
2.2 Global CTP Battery Tray Revenue, Prospects & Forecasts: 2018-2029
2.3 Global CTP Battery Tray Sales: 2018-2029
3 Company Landscape
3.1 Top CTP Battery Tray Players in Global Market
3.2 Top Global CTP Battery Tray Companies Ranked by Revenue
3.3 Global CTP Battery Tray Revenue by Companies
3.4 Global CTP Battery Tray Sales by Companies
3.5 Global CTP Battery Tray Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 CTP Battery Tray Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers CTP Battery Tray Product Type
3.8 Tier 1, Tier 2 and Tier 3 CTP Battery Tray Players in Global Market
3.8.1 List of Global Tier 1 CTP Battery Tray Companies
3.8.2 List of Global Tier 2 and Tier 3 CTP Battery Tray Companies
4 Sights by Product
4.1 Overview
4.1.1 By Materials - Global CTP Battery Tray Market Size Markets, 2022 & 2029
4.1.2 Aluminum Battery Trays
4.1.3 Steel Battery Trays
4.2 By Materials - Global CTP Battery Tray Revenue & Forecasts
4.2.1 By Materials - Global CTP Battery Tray Revenue, 2018-2023
4.2.2 By Materials - Global CTP Battery Tray Revenue, 2024-2029
4.2.3 By Materials - Global CTP Battery Tray Revenue Market Share, 2018-2029
4.3 By Materials - Global CTP Battery Tray Sales & Forecasts
4.3.1 By Materials - Global CTP Battery Tray Sales, 2018-2023
4.3.2 By Materials - Global CTP Battery Tray Sales, 2024-2029
4.3.3 By Materials - Global CTP Battery Tray Sales Market Share, 2018-2029
4.4 By Materials - Global CTP Battery Tray Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global CTP Battery Tray Market Size, 2022 & 2029
5.1.2 Pure Electric Vehicle
5.1.3 Hybrid Vehicle
5.2 By Application - Global CTP Battery Tray Revenue & Forecasts
5.2.1 By Application - Global CTP Battery Tray Revenue, 2018-2023
5.2.2 By Application - Global CTP Battery Tray Revenue, 2024-2029
5.2.3 By Application - Global CTP Battery Tray Revenue Market Share, 2018-2029
5.3 By Application - Global CTP Battery Tray Sales & Forecasts
5.3.1 By Application - Global CTP Battery Tray Sales, 2018-2023
5.3.2 By Application - Global CTP Battery Tray Sales, 2024-2029
5.3.3 By Application - Global CTP Battery Tray Sales Market Share, 2018-2029
5.4 By Application - Global CTP Battery Tray Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region - Global CTP Battery Tray Market Size, 2022 & 2029
6.2 By Region - Global CTP Battery Tray Revenue & Forecasts
6.2.1 By Region - Global CTP Battery Tray Revenue, 2018-2023
6.2.2 By Region - Global CTP Battery Tray Revenue, 2024-2029
6.2.3 By Region - Global CTP Battery Tray Revenue Market Share, 2018-2029
6.3 By Region - Global CTP Battery Tray Sales & Forecasts
6.3.1 By Region - Global CTP Battery Tray Sales, 2018-2023
6.3.2 By Region - Global CTP Battery Tray Sales, 2024-2029
6.3.3 By Region - Global CTP Battery Tray Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country - North America CTP Battery Tray Revenue, 2018-2029
6.4.2 By Country - North America CTP Battery Tray Sales, 2018-2029
6.4.3 US CTP Battery Tray Market Size, 2018-2029
6.4.4 Canada CTP Battery Tray Market Size, 2018-2029
6.4.5 Mexico CTP Battery Tray Market Size, 2018-2029
6.5 Europe
6.5.1 By Country - Europe CTP Battery Tray Revenue, 2018-2029
6.5.2 By Country - Europe CTP Battery Tray Sales, 2018-2029
6.5.3 Germany CTP Battery Tray Market Size, 2018-2029
6.5.4 France CTP Battery Tray Market Size, 2018-2029
6.5.5 U.K. CTP Battery Tray Market Size, 2018-2029
6.5.6 Italy CTP Battery Tray Market Size, 2018-2029
6.5.7 Russia CTP Battery Tray Market Size, 2018-2029
6.5.8 Nordic Countries CTP Battery Tray Market Size, 2018-2029
6.5.9 Benelux CTP Battery Tray Market Size, 2018-2029
6.6 Asia
6.6.1 By Region - Asia CTP Battery Tray Revenue, 2018-2029
6.6.2 By Region - Asia CTP Battery Tray Sales, 2018-2029
6.6.3 China CTP Battery Tray Market Size, 2018-2029
6.6.4 Japan CTP Battery Tray Market Size, 2018-2029
6.6.5 South Korea CTP Battery Tray Market Size, 2018-2029
6.6.6 Southeast Asia CTP Battery Tray Market Size, 2018-2029
6.6.7 India CTP Battery Tray Market Size, 2018-2029
6.7 South America
6.7.1 By Country - South America CTP Battery Tray Revenue, 2018-2029
6.7.2 By Country - South America CTP Battery Tray Sales, 2018-2029
6.7.3 Brazil CTP Battery Tray Market Size, 2018-2029
6.7.4 Argentina CTP Battery Tray Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa CTP Battery Tray Revenue, 2018-2029
6.8.2 By Country - Middle East & Africa CTP Battery Tray Sales, 2018-2029
6.8.3 Turkey CTP Battery Tray Market Size, 2018-2029
6.8.4 Israel CTP Battery Tray Market Size, 2018-2029
6.8.5 Saudi Arabia CTP Battery Tray Market Size, 2018-2029
6.8.6 UAE CTP Battery Tray Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 Guangdong Hoshion Aluminium Co.,Ltd
7.1.1 Guangdong Hoshion Aluminium Co.,Ltd Company Summary
7.1.2 Guangdong Hoshion Aluminium Co.,Ltd Business Overview
7.1.3 Guangdong Hoshion Aluminium Co.,Ltd CTP Battery Tray Major Product Offerings
7.1.4 Guangdong Hoshion Aluminium Co.,Ltd CTP Battery Tray Sales and Revenue in Global (2018-2023)
7.1.5 Guangdong Hoshion Aluminium Co.,Ltd Key News & Latest Developments
7.2 Huada Automotive Technology
7.2.1 Huada Automotive Technology Company Summary
7.2.2 Huada Automotive Technology Business Overview
7.2.3 Huada Automotive Technology CTP Battery Tray Major Product Offerings
7.2.4 Huada Automotive Technology CTP Battery Tray Sales and Revenue in Global (2018-2023)
7.2.5 Huada Automotive Technology Key News & Latest Developments
7.3 Minth Group
7.3.1 Minth Group Company Summary
7.3.2 Minth Group Business Overview
7.3.3 Minth Group CTP Battery Tray Major Product Offerings
7.3.4 Minth Group CTP Battery Tray Sales and Revenue in Global (2018-2023)
7.3.5 Minth Group Key News & Latest Developments
7.4 Huayu Automotive Systems
7.4.1 Huayu Automotive Systems Company Summary
7.4.2 Huayu Automotive Systems Business Overview
7.4.3 Huayu Automotive Systems CTP Battery Tray Major Product Offerings
7.4.4 Huayu Automotive Systems CTP Battery Tray Sales and Revenue in Global (2018-2023)
7.4.5 Huayu Automotive Systems Key News & Latest Developments
7.5 Ling Yun Industrial Corp Ltd
7.5.1 Ling Yun Industrial Corp Ltd Company Summary
7.5.2 Ling Yun Industrial Corp Ltd Business Overview
7.5.3 Ling Yun Industrial Corp Ltd CTP Battery Tray Major Product Offerings
7.5.4 Ling Yun Industrial Corp Ltd CTP Battery Tray Sales and Revenue in Global (2018-2023)
7.5.5 Ling Yun Industrial Corp Ltd Key News & Latest Developments
7.6 Lucky Harvest
7.6.1 Lucky Harvest Company Summary
7.6.2 Lucky Harvest Business Overview
7.6.3 Lucky Harvest CTP Battery Tray Major Product Offerings
7.6.4 Lucky Harvest CTP Battery Tray Sales and Revenue in Global (2018-2023)
7.6.5 Lucky Harvest Key News & Latest Developments
8 Global CTP Battery Tray Production Capacity, Analysis
8.1 Global CTP Battery Tray Production Capacity, 2018-2029
8.2 CTP Battery Tray Production Capacity of Key Manufacturers in Global Market
8.3 Global CTP Battery Tray Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 CTP Battery Tray Supply Chain Analysis
10.1 CTP Battery Tray Industry Value Chain
10.2 CTP Battery Tray Upstream Market
10.3 CTP Battery Tray Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 CTP Battery Tray Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
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