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Electric Vehicles Market - Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025

ID: 111828 March, 2018 Region : Global Pages
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Global Electric Vehicles Market Analysis By Propulsion Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), Plug-in Electric Vehicles (pHEV)), by Charging stations (Normal and Superfast Charging), by Component ( electric motor, controller and batteries) and by vehicles (passenger, commercial) Forecast 2017-2025


Market Scenario:

Electric Vehicle brings forth an alternative fuel solution in the automobile sector for reducing the environmental hazards, caused by the pollutants emitted from the gasoline vehicles. These vehicles use motors and controllers which are powered by electric charge for the propulsion purpose. The electric vehicles can be split into three types: Battery Electric Vehicles (BEV), Hybrid-Electric vehicles (HEV) and Plug-in hybrid electric vehicles (pHEV). BEV refers to the true electric vehicles as the power source used for the propulsion is electrical energy only. These vehicles store the energy on-board with high charge battery packs. The batteries used are powered by the external source such as electrical outlet or charging stations, while HEV uses drive system, a conventional fuel engine and electrical drive. In this type of vehicles the primary energy source is the fuel, and electrical energy is used as secondary source. pHEV is similar to HEV only the minor difference is that , this type of vehicles uses electricity as the major source of propulsion with huge battery packs for energy storage. 


Increased demand for fuel-efficient, high performance and low emission vehicles forms the major factor behind the growth of electric vehicles market. Additionally the favourable policies and regulations adopted by the government agencies to reduce the impact of pollution on the environment has resulted as a supporting factor in the market growth. For instance: On November, 2017 UK government announced a total investment of about $716 million including $530 million for building the charging infrastructure such as electric charging points. However, high initial investment and short lifespan of the battery may hamper the market growth. Moreover increased adoption of electric vehicles in the developing countries and limited stock of crude oil present has resulted in generating better market opportunities. For instance:  On February, 2018 Mahindra Group announced a $139 million investment for the expanding its electric vehicle market.


Market Segmentation:

The electric vehicles market is bifurcated majorly on the basis of: propulsion type, charging stations, and component and vehicles. Depending on the basis of propulsion type, the market is segmented into: battery electric vehicles (BEV), hybrid electric vehicles (HEV) and plugin electric vehicles (pHEV). On the basis of charging stations the market is bifurcated into: Normal and super charging. Based on the component of the vehicles the market is segmented into: electric motor, controller and batteries. Depending upon the vehicles, the market is bifurcated into: passenger car and commercial vehicles.


Regional Analysis:

Based on the geographical regions covered, the market is analysed across: North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa). Among the following regions, Asia –Pacific is expected to hold the highest market share owing to the increased investment in electric vehicles in the economies such as China, Japan, India and others. For instance: According to the U.S. Department of Energy's Vehicle Technologies about 756,000 plug-in vehicles were sold in the world in 2016. The electric vehicles market in china has recorded a increase in the growth by 53% from 2015 to 2016 with 77% share in of all electric vehicles, while Japan PEV market grew by 7% with 63 % of Electric vehicles in 2016. The market in United States and Europe recorded a growth of 40 and 11 % for the plugin-electric vehicles market.


Competitive Analysis:

The major players in the electric vehicles market are: Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company S.P.A., BYD Company Motors, and Ford Motor Company. The increased penetration by the major companies in the electric vehicles market has resulted in the development of fuel efficient vehicles thereby expanding the market. For instance:  On February, 2018 Japanese Automotive Company, Nissan Motor Corporation announced its investment of $9 billion in next five years in China to dominate the electric vehicle market.


Electric Vehicles Market Segmentation:

By Propulsion Type:

• Battery Electric Vehicles (BEV)

• Hybrid Electric Vehicles (HEV)

• Plug-in Electric Vehicles (pHEV)

By Charging Stations:

• Normal Charging

• Superfast Charging

By Component:

• Electric Motor

• Controller

• Batteries

By Vehicles:

• Passenger Car

• Commercial Vehicles


Regions Covered:

• North America (U.S and Canada)

• Europe (Germany, France, Italy and Rest of Europe)

• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)

• LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)

Research Scope

 

The study for Electric Vehicles Market will provide market size, estimates and forecast based on the following years: 

 

Historic data: 2015  Base Year Estimate: 2016  Forecast: 2017 to 2025


The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales. 

Our analyst implement, several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings. 

The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market. 

1. Introduction

1.1. Market Definition

1.2. Market Scope

2. Research Methodology

2.1. Primary Research

2.2. Secondary Sources

2.3. Assumptions & Exclusions

3. Market Overview

3.1. Research Report Segmentation & Scope

3.2. Electric Vehicles - Value Chain Analysis 

3.3. Key Market Trend Analysis

3.3.1. Market Drivers

3.3.2. Market Restraint/Challenges

3.3.3. Market Opportunities

3.4. Porter’s Five Forces Analysis

3.5. Potential Venture Avenues

3.6. Market Share Analysis, 2016 

3.7. Market Overview – Electric Vehicles, Product Landscape

4. Segmentation Overview

4.1. Introduction 

4.2. Market Size & Forecast, 2015 to 2025

4.2.1. By Propulsion Type

4.2.1.1. Battery Electric Vehicles (BEV)

4.2.1.2. Hybrid Electric Vehicles (HEV)

4.2.1.3. Plug-in Electric Vehicles (pHEV)

4.2.2. By Component

4.2.2.1. Electric Motor

4.2.2.2. Controller

4.2.2.3. Batteries

4.2.3. By Charging Point:

4.2.3.1. Normal Charging

4.2.3.2. Superfast Charging

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)

4.2.4. By Vehicles:

4.2.4.1. Passenger Car

4.2.4.2. Commercial Vehicles

Superfast Charging

5. Regional Overview

5.1. Introduction

5.2. Market Size & Forecast, 2015 to 2025

5.2.1. North America 

5.2.1.1. U.S.

5.2.1.2. Canada

5.2.1.3. Mexico 

5.2.2. Europe

5.2.2.1. UK

5.2.2.2. Germany

5.2.2.3. France 

5.2.2.4. Italy

5.2.2.5. Spain

5.2.2.6. Rest of Europe

5.2.3. Asia Pacific

5.2.3.1. China 

5.2.3.2. India

5.2.3.3. Japan

5.2.3.4. Australia

5.2.3.5. South Korea

5.2.3.6. Rest of Asia Pacific 

5.2.4. LAMEA

5.2.4.1. Brazil 

5.2.4.2. UAE

5.2.4.3. South Africa

5.2.4.4. Rest of LAMEA 

 (Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)

6. Manufacturer/ Vendor Profile

6.1. The following attributes will be considered while profiling key manufacturers in this industry: 

6.1.1. Company Overview

6.1.2. Financial Synopsis

6.1.3. Recent Developments

6.1.4. R&D Investments (if any)

6.1.5. Strategy Overview (Analyst Perspective)

6.1.6. Product Portfolio

6.2. Companies Profiled

6.2.1. Tesla

6.2.2. BMW Group

6.2.3. Nissan Motor Corporation

6.2.4.  Toyota Motor Corporation

6.2.5. Volkswagen AG

6.2.6. General Motor

6.2.7.  Daimler AG

6.2.8. Energica Motor Company S.P.A.

6.2.9. BYD Company Motors

6.2.10. Ford Motor Company

 (Note: The companies mentioned above are tentative in nature, and profiles of other market players not listed here can be included on request.) 

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