Germany battery recycling market is anticipated to grow at a CAGR 5.8% during the forecast period. Germany’s waste management success comes up due to the strong government policy and its citizens embracing recycling. Germany’s waste management policies have propelled the country to the top of the battery recycling list. German government has implemented various battery recycling policies in regards to waste management. Germany is at the fore of the battery recycling market, with implementation of regulations such as German Batteries Act and Batteries Ordinance driving the growth of the market.

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Moreover, Germany automotive sector is on the course of growth. According to the German Association of the Automotive Industry, the automobile industry is the largest industry sector in Germany with a turnover of $ 468.54 billion, around 20% of total German industry revenue. In addition, Germany is Europe’s number one automotive market, accounting for over 30% of all passenger cars manufactured (5.75 million) and about 20% of all new car registrations (3.35 million) in 2017. As more electric vehicles hits the road, the demand for battery recycling is boosting. With supportive regulations and convenient collection, battery recycling process is profitable. The increasing awareness regarding recycling of batteries among general population further escalates the Germany battery recycling market. The EPA estimates that over 90 percent of lead-acid batteries are recycled, and a typical battery contains 60-80% recycled materials.

The major market players that are active in the market include Accurec Recycling GMBH, G & P batteries, Umicore Group, Hollingsworth & Vose, BASF Catalysts, Redux Recycling GmbH, Noex AG, Electrocycling GmbH, AutarcTech and Tadiran Batteries GmbH. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Research Methodology

The market study of the Germany Battery Recycling market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Germany  Battery Recycling  Market Research and Analysis by Process
2. Germany  Battery Recycling  Market Research and Analysis by Components
3. Germany  Battery Recycling  Market Research and Analysis by Type
4. Germany  Battery Recycling  Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the Germany Battery Recycling market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Germany Battery Recycling market.
• Insights about market determinants which are stimulating the Germany Battery Recycling market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.