Objective of Electric Vehicle Market Study:
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Electric Vehicle Market.
- To provide insights about factors affecting the market growth.
- To Analyze the Electric Vehicle Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by type, applications and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Electric Vehicle Market .
Market Synopsis of Electric Vehicle Market:
The major growth driver of Electric Vehicle Market includes growing integration of electric vehicles within the product portfolio of OEMs, collaboration of e-mobility value chain, growing infrastructure, and innovative government regulations and subsidies among others.
Hence the market for Electric Vehicle is expected to grow at XX% CAGR (2016-2027).
However, high cost of electric vehicle and high charging time of vehicle are the factors which are hindering the growth of Electric Vehicle Market.
Global Electric Vehicle Market can be segmented as follows:
Segmentation by Type:
HEVs (Hybrid Electric vehicle), BEVs (Battery electric vehicle) and PHEVs (Plug-in hybrid electric vehicles)
Segmentation by Components:
Batteries, sub-assemblies, and automotive parts among others.
Segmentation by Manufacturing Process:
Raw materials, design, assembly, quality control among others.
Regional Analysis of Electric Vehicle Market:
North-America dominated the Global Electric Vehicle Market with the largest market share due to growing trend of low operating cost and sustainable development of electric vehicle in the region, and therefore accounting for $XX million and is expected to grow over $XX billion by 2027. Electric Vehicle Market in European market is expected to grow at CAGR of XX% from $ XX million in 2016 to $XX million by 2027. The Asia-Pacific market for Electric Vehicle Market is expected to grow at XX% CAGR (2016-2027).
Some of the major players in Global Electric Vehicle Market include Nissan motors (Japan), Tesla Corporation (U.S.), General motors (U.S.), Mitsubishi Motors (Japan), Volkswagen (Germany), Daimler AG (Germany), Smith electric Vehicle (U.S.), Bosch GmbH (Germany), and Delphi Automotive plc.(U.K.) among others.
- Growing sales of electric vehicles is developing demand for Cobalt metal which is a key component of Lithium-ion batteries.
- Recently in 2016, Nissan announced to expand its free charge promotional activities to compete with Tesla and other automotive competitors.
- Samsung SDI and LG Chem Ltd. Got failed in getting battery certifications from China. They are going to resubmit the application for certification in end of year 2016.
- Volkswagen is planning to launch 30 new electric models by 2025 to reposition itself as a leader in green transport.
· North America
· Latin America
· Western Europe
· Rest of Western Europe
· Eastern Europe
· South Korea
· Rest of Asia Pacific
The Middle East& Africa
The report for Electric Vehicle Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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