Electric Vehicle Market by Type, and Vehicle Type - Global Opportunity Analysis and Industry Forecast, 2018-2025

  • ID: 4612831
  • Report
  • Region: Global
  • 202 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • BYD Company Limited
  • Daimler AG
  • Ford Motor Company
  • General Motors Company
  • Nissan Motor Co., Ltd.
  • Tesla, Inc.
  • MORE
The global electric vehicle market was valued at $118,864.5 million in 2017, and is projected to reach $567,299.8 million by 2025, growing at a CAGR of 22.3% from 2018 to 2025.
An electric vehicle operates on electricity, unlike its counterpart that runs on fuel. Instead of internal combustion engine, these vehicles run on an electric motor that requires constant supply of energy from batteries.

Electric vehicle uses stored energy in its rechargeable batteries to function. The adoption of plug-in electric vehicles in the U.S. is actively supported by the American Federal Government, and several state and local government. According to USA Today 2018, the U.S. government has pledged $2.4 billion in federal grants to support the development of next-generation electric cars and batteries, and $115 million for the installation of electric vehicle charging infrastructure in 16 different metropolitan areas around the country.

The global electric vehicle market is driven by volumetric surge in the automotive sector and the introduction of new technologies. In addition, the requirement of efficient vehicles with zero carbon emission and reduced Li-ion battery cost, drive the demand for this electric vehicle market. Moreover, increase in the requirement for fuel efficient vehicles and rise in prices of gasoline globally have led to surge in the development and production of electric vehicles. Stringent government rules and regulations towards vehicle emission, and growth of public charging infrastructure, are further driving the market growth. However, high manufacturing cost of vehicle, and low fuel economy & serviceability are hampering the market growth. Technological advancements such as high fuel economy, and usage of composite materials in the manufacturing of vehicle, is expected to provide various opportunities for the growth of the market in future. Proactive government initiatives aimed at promoting the usage of electric vehicles are estimated to propel the growth of the market in future.

The market is segmented based on type, vehicle type, and geography. Based on type, it is divided into plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), and battery electric vehicles (BEV). By vehicle type, it is classified into two-wheeler, passenger car, and commercial vehicle. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players in the global electric vehicle 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.

KEY BENEFITS

The report includes an extensive analysis of the factors that drive and restrain the growth of the global electric vehicle market.
The market projections from 2017 to 2025 are included along with the affecting factors.
Quantitative & qualitative trends to assist the stakeholders to understand the situations that prevail in the market are provided.
Competitive intelligence highlights the business practices followed by the leading market players across various geographies.

KEY MARKET SEGMENTS

BY TYPE

Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle

BY VEHICLE TYPE

Two-wheeler
Passenger Car
Commercial Vehicle

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Netherlands
Norway
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

MARKET PLAYERS IN VALUE CHAIN

Bayerische Motoren Werke Aktiengesellchaft
BYD Company Limited
Daimler AG
Energica Motor Company S.p.A.
Ford Motor Company
General Motor Company
Nissan Motor Co. Ltd
Tesla, Inc.
Toyota Motor Corporation
Volkswagen AG
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BYD Company Limited
  • Daimler AG
  • Ford Motor Company
  • General Motors Company
  • Nissan Motor Co., Ltd.
  • Tesla, Inc.
  • MORE
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porters five forces analysis
3.3.1. Moderate-to-high bargaining power of suppliers
3.3.2. Moderate-to-high threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High-to-moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market share analysis (2017)
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Increase in demand for fuel-efficient, high-performance, and low-emission vehicles
3.5.1.2. Stringent government rules and regulations towards vehicle emission
3.5.2. Restraints
3.5.2.1. High manufacturing cost
3.5.2.2. Low fuel economy and serviceability
3.5.3. Opportunities
3.5.3.1. Technological advancements
3.5.3.2. Proactive government initiatives

CHAPTER 4: ELECTRIC VEHICLE MARKET, BY TYPE
4.1. Overview
4.2. Battery Electric Vehicle
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. Hybrid Electric Vehicle
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. Plug-in Hybrid Electric Vehicle
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country

CHAPTER 5: ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
5.1. Overview
5.2. Two-Wheeler
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Passenger Car
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4. Commercial Vehicles
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country

CHAPTER 6: ELECTRIC VEHICLE MARKET, BY REGION
6.1. Overview
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by vehicle type
6.2.4. Market analysis by country
6.2.5. U.S.
6.2.5.1. Market size and forecast, by type
6.2.5.2. Market size and forecast, by vehicle type
6.2.6. Canada
6.2.6.1. Market size and forecast, by type
6.2.6.2. Market size and forecast, by vehicle type
6.2.7. Mexico
6.2.7.1. Market size and forecast, by type
6.2.7.2. Market size and forecast, by vehicle type
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by vehicle type
6.3.4. Market analysis by country
6.3.5. U.K.
6.3.5.1. Market size and forecast, by type
6.3.5.2. Market size and forecast, by vehicle type
6.3.6. France
6.3.6.1. Market size and forecast, by type
6.3.6.2. Market size and forecast, by vehicle type
6.3.7. Germany
6.3.7.1. Market size and forecast, by type
6.3.7.2. Market size and forecast, by vehicle type
6.3.8. Netherlands
6.3.8.1. Market size and forecast, by type
6.3.8.2. Market size and forecast, by vehicle type
6.3.9. Norway
6.3.9.1. Market size and forecast, by type
6.3.9.2. Market size and forecast, by vehicle type
6.3.10. Rest of Europe
6.3.10.1. Market size and forecast, by type
6.3.10.2. Market size and forecast, by vehicle type
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by vehicle type
6.4.4. Market analysis by country
6.4.5. China
6.4.5.1. Market size and forecast, by type
6.4.5.2. Market size and forecast, by vehicle type
6.4.6. India
6.4.6.1. Market size and forecast, by type
6.4.6.2. Market size and forecast, by vehicle type
6.4.7. Japan
6.4.7.1. Market size and forecast, by type
6.4.7.2. Market size and forecast, by vehicle type
6.4.8. South Korea
6.4.8.1. Market size and forecast, by type
6.4.8.2. Market size and forecast, by vehicle type
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market size and forecast, by type
6.4.9.2. Market size and forecast, by vehicle type
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by vehicle type
6.5.4. Market analysis by country
6.5.5. Latin America
6.5.5.1. Market size and forecast, by type
6.5.5.2. Market size and forecast, by vehicle type
6.5.6. Middle East
6.5.6.1. Market size and forecast, by type
6.5.6.2. Market size and forecast, by vehicle type
6.5.7. Africa
6.5.7.1. Market size and forecast, by type
6.5.7.2. Market size and forecast, by vehicle type

CHAPTER 7: COMPANY PROFILES
7.1. Bayerische Motoren Werke Aktiengesellschaft
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. BYD Company Limited
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments
7.3. Daimler AG
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments
7.4. Energica Motor Company S. p. A
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Product portfolio
7.4.4. Business performance
7.4.5. Key strategic moves and developments
7.5. Ford Motor Company
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments
7.6. General Motors Company
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.7. Nissan Motor Co., Ltd.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments
7.8. Tesla, Inc.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.9. Toyota Motor Corporation
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments
7.10. Volkswagen AG
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BYD Company Limited
  • Daimler AG
  • Ford Motor Company
  • General Motors Company
  • Nissan Motor Co., Ltd.
  • Tesla, Inc.
  • MORE
According to a new report, titled, Electric Vehicle Market by Type and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global electric vehicle market was valued at $118.864.5 million in 2017, and is expected to reach $567,299.8 million by 2025, growing at a CAGR of 22.3% from 2018 to 2025.

The electric vehicle was primarily designed to replace conventional ways of travel that cause environmental pollution. Electric vehicles have gained popularity owing to numerous technological advancements. The electric vehicle outperforms the conventional vehicle providing higher fuel economy, low carbon emission and maintence, convenience of charging at home, smoother drive, and reduced sound from engine.

The passenger car segment is anticipated to domite the market throughout the Analysis period. The Asia Pacific electric vehicle market accounted for approximately 52% share of the global market in 2016, and is anticipated to domite during the forecast period.

The electric vehicle industry holds a great potential in future to change the global vehicular emissions scerio. Electric vehicles are witnessing wide adoption globally due to stringent vehicular emission norms to reduce carbon footprint and the change in vehicle architectures.

Various commercial and government fleet magers rely on electric vehicles to secure their budgets from unfavorable fluctuations in the fuel costs and reduce emissions of their fleets. In addition, urbanization, rise in congestion, and increase in emissions have propelled the hybridization and electrification of vehicle powertrains. Moreover, volatile oil & gas prices and upcoming shortage in fossil fuel are expected to boost the adoption of fuel-efficient vehicles. Countries, such as Chi and India, hold a tremendous market potential as, their governments have promoted substantial incentives for purchasing electric vehicles. According to Forbes, Chinese automakers churned out 680,000 all-electric cars, buses, and trucks in 2017, more than the rest of the world combined. Chi produced more than 200,000 all-electric commercial vehicles last year, amounting to nearly 5% of total output of the world.

Various companies intend to expand their market penetration in Asia-Pacific for the development of advanced electric vehicles.

The type segment is categorized into battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicle (PHEV). The hybrid electric vehicle segment accounted for the highest revenue in 2017, owing to its high adoption and availability of wide product portfolio from the key market players. Moreover, the battery electric vehicle segment is anticipated to witness the highest CAGR during the forecast period. By vehicle type, the electric vehicle market is classified into two-wheelers, passenger cars, and commercial vehicles.

The passenger car segment was the highest contributor to the market in 2017, and is anticipated to witness growth owing to the increase in sales of electric passenger cars globally and supportive government initiatives upon purchase of electric vehicles. The commercial vehicle segment is anticipated to witness growth during the forecast period.

Asia-Pacific accounted for the highest revenue in 2017, constituting over 48.41% of the global electric vehicle market revenue. The electric vehicle market in the region is anticipated to witness prominent growth during the forecast period. This is attributed to rise in volumetric sales of electric vehicles in Chi and Japan, increase in buying power of consumers in emerging markets such as India, Malaysia, and Chi, and growth in electric vehicle charging infrastructure throughout the region. Moreover, North America is anticipated to witness the highest growth owing to the stringent rules and regulations enforced by government for vehicular emission control.

Key Findings of the Electric Vehicle Market:

In 2017, the passenger car segment dominated the overall electric vehicle market.
The commercial vehicle segment is anticipated to grow at the highest CAGR during the forecast period.
In 2017, the hybrid electric vehicle segment was the highest contributor to the overall market, and is expected to maintain its domince throughout the forecast period
The battery electric vehicle segment is anticipated to witness the highest CAGR of 23.4% from 2018 - 2025
Asia-Pacific dominated the market, with over 50% of the market share

The key players profiled in the electric vehicle market include 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.
Note: Product cover images may vary from those shown
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  • BYD Company Limited
  • Bayerische Motoren Werke Aktiengesellschaft
  • Daimler AG
  • Energica Motor Company S. p. A
  • Ford Motor Company
  • General Motors Company
  • Nissan Motor Co., Ltd.
  • Tesla, Inc.
  • Toyota Motor Corporation
  • Volkswagen AG
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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