Global Vehicle Electrification Market to Reach $155.9 Billion by 2030
The global market for Vehicle Electrification estimated at US$87.3 Billion in the year 2022, is projected to reach a revised size of US$155.9 Billion by 2030, growing at a CAGR of 7.5% over the analysis period 2022-2030. Electric Power Steering, one of the segments analyzed in the report, is projected to record 9% CAGR and reach US$48.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Starter Motors & Alternators segment is readjusted to a revised 6.6% CAGR for the next 8-year period.The U.S. Market is Estimated at $23.5 Billion, While China is Forecast to Grow at 12.5% CAGR
The Vehicle Electrification market in the U.S. is estimated at US$23.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$39.7 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 7.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.Select Competitors (Total 46 Featured) -
- Aisin Seiki Co., Ltd.
- Aptiv PLC
- BorgWarner, Inc.
- Continental AG
- Denso Corporation
- Hitachi Automotive Systems Ltd.
- Johnson Controls, Inc.
- Johnson Electric Holdings Ltd.
- JTEKT Corporation
- Magna International, Inc.
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- Valeo SA
- WABCO Holdings Inc.
- ZF Friedrichshafen AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aisin Seiki Co., Ltd.
- Aptiv PLC
- BorgWarner, Inc.
- Continental AG
- Denso Corporation
- Hitachi Automotive Systems Ltd.
- Johnson Controls, Inc.
- Johnson Electric Holdings Ltd.
- JTEKT Corporation
- Magna International, Inc.
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- Valeo SA
- WABCO Holdings Inc.
- ZF Friedrichshafen AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 246 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 87.3 Billion |
Forecasted Market Value ( USD | $ 155.9 Billion |
Compound Annual Growth Rate | 7.5% |
Regions Covered | Global |