The Global CTP Battery Tray Industry is expected to reach USD 10200 Mn by 2029, supported by market dynamics

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.

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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.

Global CTP Battery Tray market is projected to reach US$ 10200 million in 2029, increasing from US$ 813 million in 2022, with the CAGR of 41.8% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole CTP Battery Tray market research.

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.

Scope of CTP Battery Tray Market Report:

This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Attention Deficit Hyperactivity Disorder (ADHD) Treatment market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.

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Segment by Type:

  • Aluminum Battery Trays
  • Steel Battery Trays

Segment by Application:

  • Pure Electric Vehicle
  • Hybrid Vehicle

Production by Region:

  • China

Leading Key Players of CTP Battery Tray Market:

  • Guangdong Hoshion Aluminium Co.,Ltd
  • Huada Automotive Technology
  • Minth Group
  • Huayu Automotive Systems
  • Ling Yun Industrial Corp Ltd
  • Lucky Harvest

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The CTP Battery Tray report covers below items:

Chapter 1: Product Basic Information (Definition, type and application)

Chapter 2: Manufacturers’ Competition Patterns

Chapter 3: Production Region Distribution and Analysis

Chapter 4: Country Level Sales Analysis

Chapter 5: Product Type Analysis

Chapter 6: Product Application Analysis

Chapter 7: Manufacturers’ Outline

Chapter 8: Industry Chain, Market Channel and Customer Analysis

Chapter 9: Market Opportunities and Challenges

Chapter 10: Market Conclusions

Chapter 11: Research Methodology and Data Source

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