The global demand for Vehicle Electrification Market is presumed to reach the market size of nearly USD 244.49 Billion by 2032 from USD 98.73 Billion in 2023 with a CAGR of 10.6% under the study period 2024-2032.
An integration of electric technology and mechanical components in vehicles are broad sector of automotive transformation, which results in a variety of services being controlled by electricity. The fluctuation of power output is depended on the application and requirement. The solution for minimization of carbon emissions and dependency on fossil fuel is an electrification of a vehicle. Vehicle electrification creates potential to newer opportunities for consumer engagement, various environmental and economic benefits.
Rising demand for environmental friendly automotive along populace and increased stringent government regarding fuel-efficiency inclination and carbon footprint declination are the key factors that drive the market demand. In addition to this, growing awareness towards the environment along with drastic effects that the usage of ICE automotive, which turns in propelling the market growth during the forecast period. Though, technological advancement in electric fuelling stations and battery backup of the batteries is anticipated to create potential opportunities for vehicle electrification market in the coming year. However, high costs associated with the electrification process and overall system may hamper the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Vehicle Electrification. The growth and trends of Vehicle Electrification industry provide a holistic approach to this study.
This section of the Vehicle Electrification market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
By Hybridization
By Vehicle Type
This section covers the regional outlook, which accentuates current and future demand for the Vehicle Electrification market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Vehicle Electrification market include Robert Bosch GmbH, Continental AG, Denso Corporation., Aptiv., Johnson Electric Holdings Limited., Mitsubishi Electric Corporation, BorgWarner Inc., Magna International Inc., Aisin Corporation, Johnson Controls., ZF Friedrichshafen AG, Valeo SA, JTEKT Corporation., Hitachi Astemo Ltd., Wabco Holdings Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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. VEHICLE ELECTRIFICATION – 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 Market Attractiveness Analysis By Product
3.7.2 Market Attractiveness Analysis By Hybridization
3.7.3 Market Attractiveness Analysis By Vehicle Type
3.7.4 Market Attractiveness Analysis 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. GLOBAL VEHICLE ELECTRIFICATION MARKET ANALYSIS BY PRODUCT
5.1. Overview By Product
5.2. Historical and Forecast Data
5.3. Analysis By Product
5.4. Start/Stop System Historic and Forecast Sales By Regions
5.5. Electric Power Steering Historic and Forecast Sales By Regions
5.6. Liquid Heater Ptc Historic and Forecast Sales By Regions
5.7. Electric Air Conditioner Compressor Historic and Forecast Sales By Regions
5.8. Electric Vacuum Pump Historic and Forecast Sales By Regions
5.9. Electric Oil Pump Historic and Forecast Sales By Regions
5.10. Electric Water Pump Historic and Forecast Sales By Regions
5.11. Starter Motor & Alternator Historic and Forecast Sales By Regions
5.12. Integrated Starter Gener...
