Over the recent years, numerous battery leasing service market contenders have adopted an array of corporate strategies such as acquisitions, mergers, partnership agreements, etc. The adoption of such tactics is purely carried out in a bid to establish a strong industry foothold.

These advancements bear evidence to the appreciable growth of battery leasing service market share, which is expected to surpass USD 400 million by 2028, according to Global Market Insights Inc. Some of the prominent industry players comprise Contemporary Amperex Technology Co., Ltd., Lithion Power Private Limited, Ample, Inc., Octillion Power Systems, E-ChargeUp Solutions Private Limited, Oyika Pte Ltd., Sun Mobility Private Limited, NIO NextEV Limited, and others.

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Growing capacity expansion initiatives to drive business scenario in Europe

Europe battery leasing service market is anticipated to cross a revenue of USD 90 million by 2028. This can be attributed to the growing inclination of industry players towards the establishment of their units in the region.

Citing an example, in November 2021, Ample secured an investment of USD 30 million from Banco Santander and The Blackstone Group. In early 2021, the company had inked a collaboration with Uber for using its battery swapping stations at a few places in the Bay Area. Under this agreement, both companies had agreed for the extension of their partnership to Europe.

Asia Pacific battery leasing services market: Favorable regulatory policies to drive regional expansion

The APAC countries are focusing on the adoption and formulation of policies that are expected to be favorable for regional expansion.

For instance, in February 2022, NITI Aayog, the Indian federal think tank, hit the headlines for plans to hold a consultation on the upcoming EV (electric vehicle) battery swapping policy. BaaS (Battery-as-a-service) is being considered as a viable charging alternative. Considering such advancements, the APAC market size is expected to foresee commendable expansion through 2028.

Debut of numerous players in the North America battery leasing service industry

Numerous battery leasing companies are centered on the launch of products on the U.S. market, creating favorable opportunities for business expansion in the region of North America. For example, in March 2022, Vinfast disclosed plans for the roll out of electric sport utility vehicles along with its battery leasing business models across the U.S. market. Additionally, the company also announced plans for the development of its Gigafactory in the country.

In line with similar developments, North America battery leasing market share is poised to grow at an appreciable CAGR through 2028.

To sum up, rising interest of venture capitalists in EV technology, owing to the vast potential for impacting the automotive sector, is slated to drive battery leasing service industry growth across various regions.

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Some of the latest developments comprise:

• In July 2021, Nio Inc., announced plans for the addition of at least 3,700 battery swap stations until 2025. The disclosures came amid the company’s intentions to further the adoption of EVs in the globally largest auto market. At the time, the Chinese company already had around 300 battery swap stations in place.
• In December 2021, Bounce launched its e-2wheeler with a unique offering whereby a person could simply lease a battery and not make any payment for it as part of upfront price. The introduction of the battery-as-a-service mode enabled the user to pay for the battery during the usage and swap (via a subscription) with fully charged ones.

Table of Contents of the Report (TOC):

Chapter 1   Methodology & Scope

1.1    Scope and definition

1.2    Methodology & forecast parameters

1.3    COVID-19 impact

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    MEA

1.4    Regional trends

1.4.1    North America

1.4.2    Europe

1.4.3    Asia Pacific

1.4.4    Latin America

1.4.5    MEA

1.5    Data Sources

1.5.1    Secondary

1.5.1.1    Paid sources

1.5.1.2    Public sources

1.5.2    Primary

1.6    Industry Gloassary

Chapter 2   Executive Summary

2.1    Battery leasing service industry 360º synopsis, 2018 – 2028

2.2    Business trends

2.3    Regional trends

2.4    Business model trends

2.5    Battery type trends

2.6    Vehicle type trends

Chapter 3   Battery Leasing Service Industry Insights

3.1    Introduction

3.2    COVID-19 impact

3.2.1    Impact by region

3.2.1.1    North America

3.2.1.2    Europe

3.2.1.3    Asia Pacific

3.2.1.4    Latin America

3.2.1.5    Middle East & Africa

3.2.2    Impact by competitive landscape

3.2.2.1    Strategy

3.2.2.2    Distribution

3.2.2.3    Business growth

3.2.3    Impact by value chain

3.2.3.1    Research and development

3.2.3.2    Manufacturing strategy

3.2.3.3    Marketing

3.2.3.4    Supply

3.3    Battery leasing service industry ecosystem analysis

3.3.1    Battery design and manufacturers

3.3.2    Battery swap station design and installation providers

3.3.3    Micromobility operators offering battery swapping services

3.3.4    Third party service providers

3.3.5    Marketing and distribution

3.3.6    End-users

3.3.7    Profit margin analysis

3.3.8    Vendor matrix

3.4    Industry evolution

3.5    Technology & innovation landscape

3.5.1    Smart charging

3.5.2    Solid state battery

3.6    Regulatory landscape

3.6.1    North America

3.6.1.1    Electric Vehicle Charging on Federal Property

3.6.2    Europe

3.6.2.1    Batteries and Accumulators (Placing on the Market) Regulations 2008

3.6.3    Asia Pacific

3.6.3.1    Technical Standards for the Distributed Generation Resources Connectivity Amendment Regulations

3.6.4    Latin America

3.6.4.1    New Regulation for Batteries, NOM-212-SCFI-2017

3.6.5    MEA

3.6.5.1    Toxic Use Reduction Act (TURA)

3.7    Investment portfolio

3.8    Patent analysis

3.9    Industry impact forces

3.9.1    Growth drivers

3.9.1.1    Growing proliferation of electric vehicles

3.9.1.2    Supportive government initiatives for the adoption of electric vehicles

3.9.1.3    Increasing investments in the development of electric vehicles

3.9.1.4    Falling prices of Lithium-ion batteries

3.9.2    Industry pitfalls & challenges

3.9.2.1    High cost of EVs

3.9.2.2    Lack of battery charging infrastructure

3.10    Growth potential analysis

3.11    Porter’s analysis

3.11.1    Threat of new entrant

3.11.2    Bargaining power of supplier

3.11.3    Bargaining power of buyer

3.11.4    Threat of substitution

3.12    PESTEL analysis

3.12.1    Political

3.12.2    Economical

3.12.3    Social

3.12.4    Technological

3.12.5    Legal

3.12.6    Environmental

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