Global Electric Vehicle Components Market By Component (Battery Pack; Electric Motor; Controller; Vehicle Interface Control Module; Others), By Vehicle Type, By End User, By Region, Competition, Forecast & Opportunities, 2025

The Global Electric Vehicle Components Market is projected to grow at CAGR of close to 30% during the forecast period on account of surging sales of electric vehicles on the back of growing awareness about vehicle emission and government subsidies on purchase of these vehicles. As the electric vehicle market continues to expand, replacement demand is expected to increase in the future years.

In 2016, the transportation sector accounted for over 24% of global greenhouse gases (GHG) emission, so economies plan to tackle the situation by electrification of public fleet, which will result in increased demand for electric vehicles and components in the coming years. This is anticipated to give substantial boost to the market across the globe.

The Global Vehicle Components Market can be segmented based on component, vehicle type, end-user and region. In terms of vehicle type, electric three-wheeler held the dominant share in 2019. However, on account of favorable government policies for pushing the sales of electric passenger cars, the market share of this segment is projected to increase over the next five years.

Based on geography, globally, Asia-Pacific is the leading region in the electric vehicle components markets due to growing sales and production of electric vehicles in countries such as Japan, India, China, among other. Moreover, China held the record sales of 1.1 million electric vehicles in 2018, worldwide and the country is projected to lead the regional market as well.

Major companies in the Global Electric Vehicle Components Market include Robert Bosch GmbH, Denso Corporation, Samsung SDI Co. Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), BYD Co. Ltd., Siemens AG, Hitachi Ltd., Mitsubishi Electric Corp., OptimumNano Energy Co. Ltd, etc. The companies operating in the market are using organic growth strategies like geographical expansion to increase their share in the electric vehicle components market. For instance, in 2018, CATL and Samsung announced to open their subsidiaries in North America as part of their expansion growth strategies.

Years considered for this report:

Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025

Objective of the Study:

To analyze and forecast the market size of the Global Electric Vehicle Components Market.
To forecast the Global Electric Vehicle Components Market based on component, end-user, vehicle type and regional distribution.
To identify drivers and challenges for the Global Electric Vehicle Components Market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in the Global Electric Vehicle Components Market.
To identify and analyze the profile of leading players operating in the Global Electric Vehicle Components Market.

The author performed both primary as well as exhaustive secondary research for this study. Initially, researchers sourced a list of manufacturers across the globe. Subsequently, researchers conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, researchers could include the suppliers which could not be identified due to the limitations of secondary research. The author analyzed the manufacturers, suppliers and presence of all major players across the region.

The author calculated the Global Electric Vehicle Components Market size by using a bottom-up approach, where data for various end-user industries and its application across various product types were recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used.

Key Target Audience:

Original equipment manufacturers, suppliers, distributors and other stakeholders
Government bodies such as regulating authorities and policy makers
Organizations, industry associations, forums and alliances related to electric vehicle components
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:
In this report, the Global Electric Vehicle Components Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Component:

Battery Pack
Electric Motor
Controller
Vehicle Interface Control Module
Others

Market, By Vehicle Type:

Electric Passenger Car
Electric Commercial Vehicle
Electric Two-Wheeler
Electric Three-Wheeler

Market, By End-User:

OEM
Aftermarket

Market, By Region:

Asia Pacific
China
Japan
India
South Korea
Australia
Europe
France
Germany
United Kingdom
Spain
Italy
North America
United States
Mexico
Canada
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Electric Vehicle Components Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.

1. Product Overview2. Research Methodology3. Executive Summary4. Voice of Customer

5. Global Electric Vehicle Components Market Outlook

5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Component (Battery Pack; Electric Motor; Controller; Vehicle Interface Control Module; Others)
5.2.2. By Vehicle Type (Electric Passenger Car; Electric Commercial Vehicle, Electric Two-Wheeler, & Electric Three-Wheeler)
5.2.3. By End User (OEM; Aftermarket)
5.2.4. By Company (2019)
5.2.5. By Region
5.3. Product Market Map

6. Asia-Pacific Electric Vehicle Components Market Outlook

6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Vehicle Type
6.2.3. By End User
6.2.4. By Country
6.3. Asia-Pacific: Country Analysis
6.3.1. China Electric Vehicle Components Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Component
6.3.1.2.2. By Vehicle Type
6.3.1.2.3. By End User
6.3.2. India Electric Vehicle Components Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Component
6.3.2.2.2. By Vehicle Type
6.3.2.2.3. By End User
6.3.3. Japan Electric Vehicle Components Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Component
6.3.3.2.2. By Vehicle Type
6.3.3.2.3. By End User
6.3.4. South Korea Electric Vehicle Components Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Component
6.3.4.2.2. By Vehicle Type
6.3.4.2.3. By End User
6.3.5. Australia Electric Vehicle Components Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Component
6.3.5.2.2. By Vehicle Type
6.3.5.2.3. By End User

7. Europe Electric Vehicle Components Market Outlook

7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Vehicle Type
7.2.3. By End User
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. France Electric Vehicle Components Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Component
7.3.1.2.2. By Vehicle Type
7.3.1.2.3. By End User
7.3.2. Germany Electric Vehicle Components Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Component
7.3.2.2.2. By Vehicle Type
7.3.2.2.3. By End User
7.3.3. United Kingdom Electric Vehicle Components Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Component
7.3.3.2.2. By Vehicle Type
7.3.3.2.3. By End User
7.3.4. Italy Electric Vehicle Components Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Component
7.3.4.2.2. By Vehicle Type
7.3.4.2.3. By End User
7.3.5. Spain Electric Vehicle Components Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Component
7.3.5.2.2. By Vehicle Type
7.3.5.2.3. By End User

8. North America Electric Vehicle Components Market Outlook

8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Vehicle Type
8.2.3. By End User
8.2.4. By Country
8.3. North America: Country Analysis
8.3.1. United States Electric Vehicle Components Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Component
8.3.1.2.2. By Vehicle Type
8.3.1.2.3. By End User
8.3.2. Mexico Electric Vehicle Components Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Component
8.3.2.2.2. By Vehicle Type
8.3.2.2.3. By End User
8.3.3. Canada Electric Vehicle Components Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Component
8.3.3.2.2. By Vehicle Type
8.3.3.2.3. By End User

9. South America Electric Vehicle Components Market Outlook

9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Vehicle Type
9.2.3. By End User
9.2.4. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Electric Vehicle Components Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Component
9.3.1.2.2. By Vehicle Type
9.3.1.2.3. By End User
9.3.2. Argentina Electric Vehicle Components Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Component
9.3.2.2.2. By Vehicle Type
9.3.2.2.3. By End User
9.3.3. Colombia Electric Vehicle Components Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Component
9.3.3.2.2. By Vehicle Type
9.3.3.2.3. By End User

10. Middle East and Africa Electric Vehicle Components Market Outlook

10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Vehicle Type
10.2.3. By End User
10.2.4. By Country
10.3. MEA: Country Analysis
10.3.1. South Africa Electric Vehicle Components Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Component
10.3.1.2.2. By Vehicle Type
10.3.1.2.3. By End User
10.3.2. Saudi Arabia Electric Vehicle Components Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Component
10.3.2.2.2. By Vehicle Type
10.3.2.2.3. By End User
10.3.3. UAE Electric Vehicle Components Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Component
10.3.3.2.2. By Vehicle Type
10.3.3.2.3. By End User

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape

13.1. Robert Bosch GmbH
13.2. Denso Corporation
13.3. Samsung SDI Co. Ltd.
13.4. Contemporary Amperex Technology Co. Ltd. (CATL)
13.5. BYD Co. Ltd.
13.6. Siemens AG
13.7. Hitachi Ltd.
13.8. Mitsubishi Electric Corp.
13.9. OptimumNano Energy Co. Ltd.

14. Strategic Recommendations15. About the author & Disclaimer