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Global Electric Vehicle Market by Type (Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs)) By Vehicle (Passenger Car, Two Wheeler, Commercial Vehicles) Business Overview, Analysis and Industry Forecast 2019-2022

  • Category:Automotive and Transportation
  • Published on:06 February, 2019
  • Pages:120
  • Formats:    
  • Report Code: HMI - 805436
  • Publisher:Genesis Market Insights

Overview

GLOBAL ELECTRIC VEHICLE MARKET was valued at USD 97.4 Billion in the year 2019. Global Electric Vehicle market is further estimated to grow at a CAGR of 18.59% from 2019 to reach USD 321.1 Billion by the year 2025. Asia Pacific region holds the highest market share in 2016 and European market is considered as the fastest growing market in the forecasted period. At a country level, developed markets like China, Norway with highest population base holds the notable market share in 2016 and it is projected to grow strongly in the coming years.

Tesla Motors, Inc. (US), Daimler AG (Germany), BMW Group (Germany), Groupe Renault (France) are some of the key players in the Electric Vehicle market with Tesla Motors holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

Availability of Government Grants

The limited amount of crude oil

Restraints:

Not suitable for underdeveloped countries

Opportunities:

Use of advanced technology in the automotive sector

Challenges:

Limited charging infrastructure

Battery Issues

Between Hybrid Electric Vehicles, Plug-in Hybrid Electric Vehicles and Battery Electric Vehicle types, Battery Electric Vehicles segment because of the growing popularity and availability is expected to hold the highest market share during the forecast period.

On the other hand, Plug-in Hybrid Electric Vehicles type for this market is expected to grow at the highest CAGR of XXX during the year 2019-2025.

Key Benefits for Stakeholders

Electric Vehicle Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Type

Hybrid Electric Vehicles (HEVs)

Plug-in Hybrid Electric Vehicles (PHEVs)

Battery Electric Vehicles (BEVs)

By Vehicle

Passenger Car

Two Wheeler

Commercial Vehicles

By Region

North America

Europe

Asia-Pacific

LAMEA

Key Market Players

1 Tesla Motors, Inc. (US)

2 Daimler AG (Germany)

3 BMW Group (Germany)

4 Ford Motor Company (US)

5 Groupe Renault (France)

6 Toyota Motor Corporation (Japan)

7 Volkswagen AG (Germany)

(Another brief information of 13 companies will be provided in the report)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques ?

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.
GMI has a well proven Statistical Modeling System for estimates and forecasts.
Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.


  • Analysis and forecasts at the global, regional and national levels of the research market; Provide insight into the major countries / regions this industry is blooming and identify regions that have not yet been developed

  • Segment-level analysis by shielding type, thermal application, and application, along with market size predictions and estimates, detail key areas of industrial growth.

  • Identify key market drivers, constraints, opportunities and challenges (DROCs) and their impact on changing market dynamics

  • Study of the effects of exogenous and endogenous factors affecting the global market; Among the macro-environmental factors shown in the extensive PESTLE analysis include demographics, economics and politics.

  • We use Porter's five force analysis to analyze competitive levels and business strategy development to study microenvironmental factors that determine the overall profitability of an industry.

  • A list of key market participants with a portfolio of products to study and maintain the market environment, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview

  • Competitive topographic analysis listing mergers, acquisitions, and collaborations in the field, along with major company new product launches, comparative financial research, and recent developments in the market

  • Summary omitting entire reports to help decision makers quickly become familiar with background information, concise analysis, and key conclusions

  • Professionally devise analyst overviews with investment opportunities to provide a strong financial foundation in the market for both individuals and organizations

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