Electric Vehicle Market
Electric Vehicle Market - Global Industry Assessment & Forecast
#
Pages:
230
2023
Feb - 2024
VMR-1853
Segments Covered
By
Vehicle Type Passenger Vehicles, Commercial Vehicles
-
By
Component Battery Cells & Packs, On-Board Charge, Motor, Reducer, Fuel Stack, Power Control Unit, Battery Management System, Fuel Processor, Power Conditioner, Air Compressor, Humidifier
-
By
Vehicle Class Low-priced, Mid-priced, Luxury
-
By
Top Speed <125 MPH, >125 MPH
-
By
Vehicle Drive Type Front Wheel Drive, Rear Wheel Drive, All Wheel Drive
-
By
Vehicle Connectivity V2B or V2H, V2G, V2V, V2X
-
By
Propulsion BEV, PHEV, FCEV
-
By
End Use Private Vehicle, Commercial Fleets
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 392.4 Billion |
 Revenue 2032:
|
USD 1259.4 Billion |
 Revenue CAGR
(2024 - 2032): |
13.9% |
Fastest Growing Region (2024 -
2032)
|
Asia Pacific |
Largest Region (2023):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
| Sr. No. | Offering | Report Coverage |
| 1. | Market Size | In terms of Revenue (USD Million) |
| 2. | Historic Data | 2018 to 2022 |
| 3. | Forecast Data | 2024 to 2032 |
| 4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
| 5. | Market Attractiveness Analysis | Yes |
| 6. | Segment Analysis | Maximum Segments |
| 7. | Regional Coverage | 5 Regions |
| 8. | Country Coverage | Top 22 Countries |
| 9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
| 10. | Porter’s Five Forces Analysis | Yes. |
| 11. | Value Chain Analysis | Yes |
| 12. | PEST Analysis | Yes |
| 13. | Regulatory Landscape | Yes |
| 14. | Technology Landscape | Yes |
| 15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
| 16. | Top startups to watch out for | Yes |
| 17. | Top 3 Trends to Watch | Yes |
| 18. | Top 3 Strategies Followed by Major Players | Yes |
| 19. | Top 3 Predictions by Vantage Market Research | Yes |
| 20. | Discussion Guide | Yes |
| 21. | Key Primary Respondents - VERBATIM | Yes |
| 22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
| 23. | Others/Miscellaneous | |
Vantage Market
Research | 26-Feb-2024
FAQ
Frequently Asked Question
What is the global demand for Electric Vehicle in terms of revenue?
-
The global Electric Vehicle valued at USD 392.4 Billion in 2023 and is expected to reach USD 1259.4 Billion in 2032 growing at a CAGR of 13.9%.
Which are the prominent players in the market?
-
The prominent players in the market are Ampere Vehicles (India), Benling India Energy and Technology Pvt. Ltd. (India), BMW AG (Germany), BYD Company Ltd. (China), Chevrolet Motor Company (U.S.), Daimler AG (Germany), Energica Motor Company S.P.A. (Italy), Ford Motor Company (U.S.), General Motors (U.S.), Hero Electric (India), Hyundai Motor Company (South Korea), Karma Automotive (U.S.), Kia Corporation (South Korea), Lucid Group Inc. (U.S.), Mahindra Electric Mobility Limited (India), NIO (China), Nissan Motors Co. Ltd. (Japan), Okinawa Autotech Pvt. Ltd. (India), Rivain (U.S.), Tata Motors (India), Tesla Inc. (U.S.), Toyota Motor Corporation (Japan), Volkswagen AG (Germany), WM Motor (China), Xiaopeng Motors (China), Stellantis NV (Netherlands), SAIC Motor Corp. Ltd. (China).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 13.9% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Electric Vehicle include
- Reducing prices of batteries to support demand for cost-effective EVs
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Electric Vehicle in 2023.
