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Global Electric Vehicle Market Report By Type (Battery Electric Vehicle, Hybrid Electric Vehicle And Plug-In Hybrid Electric Vehicles), By Vehicle Type (Two Wheeler, Passenger Car And Commercial Vehicles) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028
ID:VMR11210136
April 2021
Report Formats: Electronic (PDF), MS EXCEL
As per this study the Global Electric Vehicle Market was valued USD 278 BN (by revenue) in 2021 and is anticipated to reach USD 409.8 BN by 2028 with a CAGR of 5.7%.
Electric vehicles or EV are the vehicles that use electricity as a source of fuel. Basically, the rechargeable battery drives the electric motor embedded in it. Electric vehicles include electric rails, cars, motorcycles, aircraft, boats, and even spacecraft. These vehicles are safe, fuel-efficient, zero carbon emitting, low noise producing, and can be used for daily transport.
Objectives of the Study:
Market Dynamics
The electric vehicle market is growing at a faster pace owing to rising oil depletion coupled with increasing fuel prices are the major factor driving the demand for electric vehicles. Rising environmental concern and favorable governmental support by reducing registration tax to promote the production of low emission vehicles are further fueling the market growth. Growing need of fuel-efficient vehicles is pushing the market growth uphill.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of electric vehicle.
Market Segmentation
The broad electric vehicle market has been sub-grouped into type and vehicle type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
By Vehicle Type
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for the electric vehicle in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Electric Vehicle Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the electric vehicle market include Bayerische Motoren Werke Aktiengesellschaft, BYD Company Limited, Daimler AG, Energica Motor Company S.p.A., Ford Motor Company, General Motor Company, Nissan Motor Co. Ltd, Tesla, Inc., Toyota Motor Corporation and Volkswagen AG. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Electric vehicles or EV are the vehicles that use electricity as a source of fuel. Basically, the rechargeable battery drives the electric motor embedded in it. Electric vehicles include electric rails, cars, motorcycles, aircraft, boats, and even spacecraft. These vehicles are safe, fuel-efficient, zero carbon emitting, low noise producing, and can be used for daily transport.
Objectives of the Study:
- Define and measure the global electric vehicle market
- Revenue forecast of the global electric vehicle market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments
Market Dynamics
The electric vehicle market is growing at a faster pace owing to rising oil depletion coupled with increasing fuel prices are the major factor driving the demand for electric vehicles. Rising environmental concern and favorable governmental support by reducing registration tax to promote the production of low emission vehicles are further fueling the market growth. Growing need of fuel-efficient vehicles is pushing the market growth uphill.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of electric vehicle.
Market Segmentation
The broad electric vehicle market has been sub-grouped into type and vehicle type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicles
By Vehicle Type
- Two Wheeler
- Passenger Car
- Commercial Vehicles
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for the electric vehicle in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Electric Vehicle Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the electric vehicle market include Bayerische Motoren Werke Aktiengesellschaft, BYD Company Limited, Daimler AG, Energica Motor Company S.p.A., Ford Motor Company, General Motor Company, Nissan Motor Co. Ltd, Tesla, Inc., Toyota Motor Corporation and Volkswagen AG. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Frequently Asked Questions (FAQs) about this Report
b. The global electric vehicle market size was estimated to be worth USD 278 Billion in 2021.
b. For the years 2023-2028, the global electric vehicle market growth is expected to be around 5.7%.
b. The global electric vehicle market is currently dominated by Asia Pacific.
b. The global electric vehicle market is segmented by Type (Battery Electric Vehicle, Hybrid Electric Vehicle And Plug-In Hybrid Electric Vehicles), by Vehicle Type (Two Wheeler, Passenger Car And Commercial Vehicles).
b. The leading players in the global electric vehicle market are Bayerische Motoren Werke Aktiengesellschaft, BYD Company Limited, Daimler AG, Energica Motor Company S.p.A., Ford Motor Company, General Motor Company, Nissan Motor Co. Ltd, Tesla Inc., Toyota Motor Corporation and Volkswagen AG.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . ELECTRIC VEHICLE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Type
3.7.2 By Vehicle Type
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL ELECTRIC VEHICLE MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Battery Electric Vehicle Market by Regions
6.5 Hybrid Electric Vehicle Market by Regions
6.6 Plug-In Hybrid Electric Vehicles Market by Regions
7 . GLOBAL ELECTRIC VEHICLE MARKET ANALYSIS BY VEHICLE TYPE
7.1 Overview by Vehicle Type
7.2 Historical and Forecast Data
7.3 Analysis by Vehicle Type
7.4 Two Wheeler Market by Regions
7.5 Passenger Car Market by Regions
7.6 Commercial Vehicles Market by Regions
8 . GLOBAL ELECTRIC VEHICLE MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America
8.3.1. Overview, Historic and Forecast Data
8.3.2. North America By Segment
8.3.3. North America By Country
8.3.4. United State
8.3.5. Canada
8.3.6. Mexico
8.4. Europe
8.4.1. Overview, Historic and Forecast Data
8.4.2. Europe by Segment
8.4.3. Europe by Country
8.4.4. United Kingdom
8.4.5. France
8.4.6. Germany
8.4.7. Italy
8.4.8. Russia
8.4.9. Rest Of Europe
8.5. Asia Pacific
8.5.1. Overview, Historic and Forecast Data
8.5.2. Asia Pacific by Segment
8.5.3. Asia Pacific by Country
8.5.4. China
8.5.5. India
8.5.6. Japan
8.5.7. South Korea
8.5.8. Australia
8.5.9. Rest Of Asia Pacific
8.6. Latin America
8.6.1. Overview, Historic and Forecast Data
8.6.2. Latin America by Segment
8.6.3. Latin America by Country
8.6.4. Brazil
8.6.5. Argentina
8.6.6. Peru
8.6.7. Chile
8.6.8. Rest of Latin America
8.7. Middle East & Africa
8.7.1. Overview, Historic and Forecast Data
8.7.2. Middle East & Africa by Segment
8.7.3. Middle East & Africa by Country
8.7.4. Saudi Arabia
8.7.5. UAE
8.7.6. Israel
8.7.7. South Africa
8.7.8. Rest Of Middle East And Africa
9 . COMPETITIVE LANDSCAPE OF THE ELECTRIC VEHICLE COMPANIES
9.1. Electric Vehicle Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF ELECTRIC VEHICLE INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. Bayerische Motoren Werke Aktiengesellschaft
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products
10.3.4. Recent Developments
10.4. BYD Company Limited
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products
10.4.4. Recent Developments
10.5. Daimler AG
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products
10.5.4. Recent Developments
10.6. Energica Motor Company S.p.A.
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products
10.6.4. Recent Developments
10.7. Ford Motor Company
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products
10.7.4. Recent Developments
10.8. General Motor Company
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products
10.8.4. Recent Developments
10.9. Nissan Motor Co. Ltd.
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products
10.9.4. Recent Developments
10.10. Tesla, Inc.
10.10.1. Company Overview
10.10.2. Financials
10.10.3. Products
10.10.4. Recent Developments
10.11. Toyota Motor Corporation
10.11.1. Company Overview
10.11.2. Financials
10.11.3. Products
10.11.4. Recent Developments
10.12. Volkswagen AG
10.12.1. Company Overview
10.12.2. Financials
10.12.3. Products
10.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Type (USD MN)
- Battery Electric Vehicle Market by Geography (USD MN)
- Hybrid Electric Vehicle Market by Geography (USD MN)
- Plug-In Hybrid Electric Vehicles Market by Geography (USD MN)
- Analysis Market by Vehicle Type (USD MN)
- Two Wheeler Market by Geography (USD MN)
- Passenger Car Market by Geography (USD MN)
- Commercial Vehicles Market by Geography (USD MN)
- Global Electric Vehicle Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Electric Vehicle Report
- Market Research Process
- Market Research Methodology
- Global Electric Vehicle Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by Vehicle Type
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Type (USD MN)
- Battery Electric Vehicle Market by Geography (USD MN)
- Hybrid Electric Vehicle Market by Geography (USD MN)
- Plug-In Hybrid Electric Vehicles Market by Geography (USD MN)
- Global Market Analysis by Vehicle Type (USD MN)
- Two Wheeler Market by Geography (USD MN)
- Passenger Car Market by Geography (USD MN)
- Commercial Vehicles Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
Related Categories
Automotive And Transportation
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments