South America Electric Vehicle Battery Manufacturing Equipment Market Size and Share
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0.05 Million |
| Market Size (2030) | USD 0.11 Million |
| CAGR (2025 - 2030) | 19.14% |
| Market Concentration | High |
Major Players *Disclaimer: Major Players sorted in no particular order |
South America Electric Vehicle Battery Manufacturing Equipment Market Analysis by Mordor Intelligence
The South America Electric Vehicle Battery Manufacturing Equipment Market size is estimated at USD 0.05 million in 2025, and is expected to reach USD 0.11 million by 2030, at a CAGR of 19.14% during the forecast period (2025-2030).
- Over the medium term, factors such as the increasing adoption of electric vehicles in the region coupled with the abundance of raw materials in the region are expected to be among the most significant drivers for the South American Electric Vehicle Battery Manufacturing Equipment Market during the forecast period.
- On the other hand, established battery markets such as Asia Pacific are competing. This poses a threat to the South American Electric Vehicle Battery Manufacturing Equipment Market during the forecast period.
- Nevertheless, continued efforts to create collaborations and partnerships between South American countries are expected to create several opportunities for the market in the future.
- Brazil is expected to dominate the market and will likely register the highest growth during the forecast period due to the government's rising efforts to establish battery manufacturing and the growing adoption of electric vehicles.
South America Electric Vehicle Battery Manufacturing Equipment Market Trends and Insights
Lithium-ion Battery to Witness Significant Growth
- As South America increasingly embraces sustainable transportation and invests in green technologies, the region's lithium-ion battery market for electric vehicle (EV) manufacturing is set for significant growth. Renowned for their high energy density, long cycle life, and lightweight nature, lithium-ion batteries have emerged as the top choice for electric vehicles. This surge in preference is driving a heightened demand for specialized manufacturing equipment tailored for these batteries.
- As automakers expand their electric vehicle offerings to align with stringent emissions regulations and growing consumer demand for eco-friendly options, this trend shows no signs of slowing. Lithium-ion chemistry stands out in the electric vehicle realm, boasting advantages like high energy density, extended cycle life, and a lower self-discharge rate when stacked against other battery technologies.
- Technical data sheets highlight that lithium-ion batteries achieve a specific energy density between 90 to 190 Wh/kg. This achievement is noteworthy: lithium-ion batteries deliver energy densities nearly 2.5 times that of lead-acid counterparts and over 1.5 times that of NiMH batteries. Such superior performance cements lithium-ion batteries' growing preference across diverse applications.
- In South America, Brazil, Chile, and Argentina are emerging as pivotal players in the electric vehicle landscape. Bolstered by government incentives and policies targeting carbon emission reductions, these nations are not only rich in lithium resources—crucial for lithium-ion batteries—but are also strategically enhancing their local manufacturing capabilities to carve a niche in the global supply chain.
- Highlighting this momentum, Argentina's first lithium battery plant, a venture by Y-TEC (a subsidiary of the Argentine state oil firm YPF), is set to kick off operations in September 2023. This plant will harness lithium sourced locally from Livent Corp, a US entity, which inked a supply agreement earlier this year.
- Such strides are poised to reshape the Electric Vehicle Battery Manufacturing Equipment Market in Argentina. By bolstering local production and curbing reliance on imports, the market stands on the brink of growth, fueled by surging demand for domestically produced batteries and equipment. This move dovetails seamlessly with Argentina's ambition to solidify its stature in the global electric vehicle supply chain.
- Given these dynamics, the lithium-ion battery segment is primed to lead the market during the forecast period.
Brazil to Dominate the Market
- Brazil leads South America in the electric vehicle battery manufacturing equipment market, propelled by strategic economic policies, rich natural resources, and a rising domestic demand for sustainable transportation. As the region's largest economy, Brazil's industrial sector is poised to benefit from the global pivot towards electric mobility, bolstered by substantial investments from both the government and private entities in local manufacturing.
- Brazil's northeastern states boast extensive lithium reserves, a crucial component for lithium-ion batteries. These reserves not only cater to the surging electric vehicle demand but also position Brazil to lessen its dependence on imported batteries and components, boosting its global market competitiveness.
- According to the Energy Institute Statistical Review of World Energy, Brazil's lithium reserves reached 4.9 thousand tonnes in 2023, up from 2.6 thousand tonnes in 2022, marking a remarkable 88.5% growth. This surge highlights Brazil's significant lithium reserves, a boon for the expanding battery material market, especially for electric vehicles.
- The Brazilian government has rolled out policies to promote electric vehicle adoption, including tax breaks, purchase subsidies, and charging infrastructure investments. These initiatives aim to invigorate the local electric vehicle market and attract manufacturers to establish production facilities in Brazil.
- In December 2023, the Brazilian government unveiled a provisional measure with fresh directives for the automotive sector. These directives not only set sustainability goals for fleets but also offer incentives to nurture innovative technologies. For 2024, the tax incentive for companies focusing on decarbonization and meeting program criteria is pegged at USD 700 million.
- This incentive is slated to grow: USD 761 million in 2025, USD 780 million in 2026, USD 800 million in 2027, and peak at USD 820 million in 2028. These amounts will be transformed into financial credits, with the program anticipated to distribute credits surpassing USD 3.9 billion. For perspective, the Rota 2030 program averaged annual incentives of USD 340 million until 2022.
- Given these developments, Brazil is poised for substantial growth in the coming years.
Competitive Landscape
The South America Electric Vehicle Battery Manufacturing Equipment Market is moderately consolidated. Some of the key players in this market (in no particular order) are Duerr AG, Schuler AG, Hitachi Ltd., Xiamen Tmax Battery Equipments Limited, and ACEY New Energy Technology.
South America Electric Vehicle Battery Manufacturing Equipment Industry Leaders
Duerr AG
Schuler AG
Hitachi Ltd.
Xiamen Tmax Battery Equipments Limited
ACEY New Energy Technology
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- June 2024: Livoltek, a subsidiary of China's Hexing Group and a manufacturer of PV inverters, has announced plans to set up a battery equipment factory in Brazil's Manaus Free Trade Zone (AM). Covering 30,000 m2, the first phase of this project requires an investment of USD 13.2 million. The company is set to concentrate on lithium battery production. The journey begins in August with an application for environmental licensing, targeting production to start by the end of 2024.
- September 2023: IMA AUTOMATION has officially entered the battery cell assembly market in South America. Leveraging its extensive experience in winding, assembling, and filling processes, this European-based company aims to establish new industry benchmarks with its advanced technology. Recognizing the crucial importance of efficient battery cell assembly in meeting the evolving needs of the automotive and energy sectors, the company, renowned for its engineering expertise and innovative approach, is confident that its foray into the battery cell assembly market will set new industry standards.
South America Electric Vehicle Battery Manufacturing Equipment Market Report Scope
Electric vehicle (EV) battery equipment manufacturing refers to the production and assembly of the various components and machinery needed to create batteries for electric vehicles. This industry involves the development of specialized equipment used in the manufacturing process, such as mixing machines for electrode production, coating machines for applying active materials, and cell assembly machines for stacking and forming battery cells. The manufacturing process also includes the production of battery management systems, which ensure the efficient operation and safety of the battery packs.
The South America Electric Vehicle Battery Manufacturing Equipment Market is segmented by Process, Battery, and Geography (Brazil, Argentina, Colombia, and the Rest of South America). The process market is segmented by Mixing, Coating, Calendaring, Slitting and Electrode Making, and Other Processes. The battery market is segmented into lithium-ion, lead-acid, nickel metal hydride batteries, and others. The report also covers the size and forecasts for the Electric Vehicle Battery Manufacturing Equipment Market across major regions. The market sizing and forecasts have been done for each segment based on revenue (USD).
| Mixing |
| Coating |
| Calendaring |
| Slitting and Electrode Making |
| Other Process |
| Lithium-ion |
| Lead-Acid |
| Nickel Metal Hydride Battery |
| Other Batteries |
| Brazil |
| Argentina |
| Chile |
| Rest of South America |
| Process | Mixing |
| Coating | |
| Calendaring | |
| Slitting and Electrode Making | |
| Other Process | |
| Battery | Lithium-ion |
| Lead-Acid | |
| Nickel Metal Hydride Battery | |
| Other Batteries | |
| Geography | Brazil |
| Argentina | |
| Chile | |
| Rest of South America |
Key Questions Answered in the Report
How big is the South America Electric Vehicle Battery Manufacturing Equipment Market?
The South America Electric Vehicle Battery Manufacturing Equipment Market size is expected to reach USD 0.05 million in 2025 and grow at a CAGR of 19.14% to reach USD 0.11 million by 2030.
What is the current South America Electric Vehicle Battery Manufacturing Equipment Market size?
In 2025, the South America Electric Vehicle Battery Manufacturing Equipment Market size is expected to reach USD 0.05 million.
Who are the key players in South America Electric Vehicle Battery Manufacturing Equipment Market?
Duerr AG, Schuler AG, Hitachi Ltd., Xiamen Tmax Battery Equipments Limited and ACEY New Energy Technology are the major companies operating in the South America Electric Vehicle Battery Manufacturing Equipment Market.
What years does this South America Electric Vehicle Battery Manufacturing Equipment Market cover, and what was the market size in 2024?
In 2024, the South America Electric Vehicle Battery Manufacturing Equipment Market size was estimated at USD 0.04 million. The report covers the South America Electric Vehicle Battery Manufacturing Equipment Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Electric Vehicle Battery Manufacturing Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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South America Electric Vehicle Battery Manufacturing Equipment Market Report
Statistics for the 2025 South America Electric Vehicle Battery Manufacturing Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Electric Vehicle Battery Manufacturing Equipment analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
