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Vehicle Electrification Market by Product Type, Sales Channel and Aftermarket, and Vehicle Type & Battery Electric Vehicle: Global Opportunity Analysis and Industry Forecast, 2020-2027

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    Report

  • 286 Pages
  • November 2020
  • Region: Global
  • Allied Market Research
  • ID: 5237525
Description Jump to:
The global vehicle electrification market was valued at $70.14 billion in 2019, and is projected to reach $140.29 billion by 2027, registering a CAGR of 11.3%. Asia-Pacific and North America are expected to witness considerable CAGRs of 12.9% and 11.2%, respectively. Vehicle electrification is the new era of automotive industry as majority of the industry players are changing the manufacturing outlook. The changing automotive manufacturing outlook is expected to support the growth of vehicle electrification market in the recent years. Moreover, electrical vehicles are witnessing popularity across the globe, owing to their operational efficiency and superior fuel economy. Vehicle electrification outperforms the conventional vehicle providing higher fuel economy, low carbon emission & maintenance, convenience of charging and refueling, smoother drive, and reduced sound from engine. Asia Pacific is expected to be witness as leading revenue contributor in the global market owing to wide spread of the OEM facilities in the said region.

The growth of the global vehicle electrification market is driven by rise in adoption of fuel-efficient mobility solutions along with effective performance requirements and fall in price of batteries per KWH. However, decline in production and sale of automotive from last two year and high dependence on mechanical & hydraulic systems in existing vehicles are expected to act as the key restraints of the global market. Conversely, surge in need for cost-effective solutions and increase in electrification of commercial vehicles and fleet are anticipated to be provide potential growth opportunities for the global market in the near future.

The report segments the global vehicle electrification market based on product type, sales channel, vehicle type, and region. On the basis of product type, the market is segregated into starter motor, alternator, electric car motors, electric water pumps, electric oil pump, electric vacuum pump, electric fuel pump, electric power steering, actuators, and start/stop system. By sales channel, it is categorized into original equipment manufacturers (OEM) and aftermarket. Depending on vehicle type, it is differentiated into internal combustion engine vehicle, micro & full hybrid vehicle, and plug-in hybrid electric vehicle (PHEV) & battery electric vehicle (BEV). Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in global vehicle electrification market include AISIN SEIKI Co., Ltd., CONTINENTAL AG, Delphi Technologies, Hitachi Automotive Systems, Ltd., Robert Bosch GmbH, ZF FRIEDRICHSHAFEN AG, Denso Corporation, BorgWarner Inc, Magna International Inc, and Johnson Electric Holdings Limited.

KEY BENEFITS FOR STAKEHOLDERS
  • This study presents analytical depiction of the global vehicle electrification market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.

KEY MARKET SEGMENTS

By Product Type
  • Starter Motor
  • Alternator
  • Electric Car Motors
  • Electric Water Pumps
  • Electric Oil Pump
  • Electric Vacuum Pump
  • Electric Fuel Pump
  • Electric Power Steering
  • Actuators
  • Start/Stop System

By Sales Channel
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

By Vehicle Type
  • Internal Combustion Engine Vehicle
  • Micro & Full Hybrid Vehicle
  • Plug-in Hybrid Electric Vehicle (PHEV) & Battery Electric Vehicle (BEV)

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

KEY PLAYERS
  • AISIN SEIKI Co., Ltd.
  • CONTINENTAL AG
  • Delphi Technologies
  • Hitachi Automotive Systems, Ltd.
  • Robert Bosch GmbH
  • ZF FRIEDRICHSHAFEN AG
  • Denso Corporation
  • BorgWarner Inc.
  • Magna International Inc.
  • Johnson Electric Holdings Limited

Table of Contents

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. Porter’s 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. Low-To-High Threat of Substitutes
3.3.4. Low-To-High Intensity of Rivalry
3.3.5. Moderate-To-High Bargaining Power of Buyers
3.4. Market Share Analysis, 2019 (%)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Growing Adoption of Fuel Efficient Mobility Solution Along With Effective Performance Requirements is Anticipated to Support the Growth of Vehicle Electrification
3.5.1.2. Reducing Price of Batteries Per Kwh Spur the Demand for Vehicle Electrification
3.5.2. Restraints
3.5.2.1. Decreasing Production and Sales of Automotive from Last Two Year
3.5.2.2. High Dependence on Mechanical & Hydraulic System in Existing Vehicles
3.5.3. Opportunities
3.5.3.1. Increasing Need for Cost Effective Solution
3.5.3.2. Growing Electrification of Commercial Vehicle and Fleet
3.6. Covid-19 Impact Analysis
Chapter 4: Vehicle Electrification Market, by Product Type
4.1. Overview
4.3. Starter Motor
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. Alternator
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
4.5. Electric Car Motors
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Analysis by Country
4.6. Electric Water Pumps
4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast, by Region
4.6.3. Market Analysis by Country
4.7. Electric Oil Pump
4.7.1. Key Market Trends, Growth Factors and Opportunities
4.7.2. Market Size and Forecast, by Region
4.7.3. Market Analysis by Country
4.8. Electric Vacuum Pump
4.8.1. Key Market Trends, Growth Factors and Opportunities
4.8.2. Market Size and Forecast, by Region
4.8.3. Market Analysis by Country
4.9. Electric Fuel Pump
4.9.1. Key Market Trends, Growth Factors and Opportunities
4.9.2. Market Size and Forecast, by Region
4.9.3. Market Analysis by Country
4.10. Electric Power Steering
4.10.1. Key Market Trends, Growth Factors and Opportunities
4.10.2. Market Size and Forecast, by Region
4.10.3. Market Analysis by Country
4.11. Actuators
4.11.1. Key Market Trends, Growth Factors and Opportunities
4.11.2. Market Size and Forecast, by Region
4.11.3. Market Analysis by Country
4.12. Start/Stop System
4.12.1. Key Market Trends, Growth Factors and Opportunities
4.12.2. Market Size and Forecast, by Region
4.12.3. Market Analysis by Country
Chapter 5: Vehicle Electrification Market, by Sales Channel
5.1. Overview
5.2. Original Equipment Manufacturers (Oem)
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. Aftermarket
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
Chapter 6: Vehicle Electrification Market, by Vehicle Type
6.1. Overview
6.2. Internal Combustion Engine Vehicle
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis by Country
6.3. Micro & Full Hybrid Vehicle
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis by Country
6.4. Plug-In Hybrid Electric Vehicle (Phev) & Battery Electric Vehicle (Bev)
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Analysis by Country
Chapter 7: Vehicle Electrification Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Product Type
7.2.3. Market Size and Forecast, by Sales Channel
7.2.4. Market Size and Forecast, by Vehicle Type
7.2.5. Market Analysis by Country
7.2.5.1. U.S.
7.2.5.1.1. Market Size and Forecast, by Product Type
7.2.5.1.2. Market Size and Forecast, by Sales Channel
7.2.5.1.3. Market Size and Forecast, by Vehicle Type
7.2.5.2. Canada
7.2.5.2.1. Market Size and Forecast, by Product Type
7.2.5.2.2. Market Size and Forecast, by Sales Channel
7.2.5.2.3. Market Size and Forecast, by Vehicle Type
7.2.5.3. Mexico
7.2.5.3.1. Market Size and Forecast, by Product Type
7.2.5.3.2. Market Size and Forecast, by Sales Channel
7.2.5.3.3. Market Size and Forecast, by Vehicle Type
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Product Type
7.3.3. Market Size and Forecast, by Sales Channel
7.3.4. Market Size and Forecast, by Vehicle Type
7.3.5. Market Analysis by Country
7.3.5.1. UK
7.3.5.1.1. Market Size and Forecast, by Product Type
7.3.5.1.2. Market Size and Forecast, by Sales Channel
7.3.5.1.3. Market Size and Forecast, by Vehicle Type
7.3.5.2. Germany
7.3.5.2.1. Market Size and Forecast, by Product Type
7.3.5.2.2. Market Size and Forecast, by Sales Channel
7.3.5.2.3. Market Size and Forecast, by Vehicle Type
7.3.5.3. France
7.3.5.3.1. Market Size and Forecast, by Product Type
7.3.5.3.2. Market Size and Forecast, by Sales Channel
7.3.5.3.3. Market Size and Forecast, by Vehicle Type
7.3.5.4. Italy
7.3.5.4.1. Market Size and Forecast, by Product Type
7.3.5.4.2. Market Size and Forecast, by Sales Channel
7.3.5.4.3. Market Size and Forecast, by Vehicle Type
7.3.5.5. Rest of Europe
7.3.5.5.1. Market Size and Forecast, by Product Type
7.3.5.5.2. Market Size and Forecast, by Sales Channel
7.3.5.5.3. Market Size and Forecast, by Vehicle Type
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Product Type
7.4.3. Market Size and Forecast, by Sales Channel
7.4.4. Market Size and Forecast, by Vehicle Type
7.4.5. Market Analysis by Country
7.4.5.1. China
7.4.5.1.1. Market Size and Forecast, by Product Type
7.4.5.1.2. Market Size and Forecast, by Sales Channel
7.4.5.1.3. Market Size and Forecast, by Vehicle Type
7.4.5.2. Japan
7.4.5.2.1. Market Size and Forecast, by Product Type
7.4.5.2.2. Market Size and Forecast, by Sales Channel
7.4.5.2.3. Market Size and Forecast, by Vehicle Type
7.4.5.3. India
7.4.5.3.1. Market Size and Forecast, by Product Type
7.4.5.3.2. Market Size and Forecast, by Sales Channel
7.4.5.3.3. Market Size and Forecast, by Vehicle Type
7.4.5.4. South Korea
7.4.5.4.1. Market Size and Forecast, by Product Type
7.4.5.4.2. Market Size and Forecast, by Sales Channel
7.4.5.4.3. Market Size and Forecast, by Vehicle Type
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market Size and Forecast, by Product Type
7.4.5.5.2. Market Size and Forecast, by Sales Channel
7.4.5.5.3. Market Size and Forecast, by Vehicle Type
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Product Type
7.5.3. Market Size and Forecast, by Sales Channel
7.5.4. Market Size and Forecast, by Vehicle Type
7.5.5. Market Analysis by Country
7.5.5.1. Latin America
7.5.5.1.1. Market Size and Forecast, by Product Type
7.5.5.1.2. Market Size and Forecast, by Sales Channel
7.5.5.1.3. Market Size and Forecast, by Vehicle Type
7.5.5.2. Middle East
7.5.5.2.1. Market Size and Forecast, by Product Type
7.5.5.2.2. Market Size and Forecast, by Sales Channel
7.5.5.2.3. Market Size and Forecast, by Vehicle Type
7.5.5.3. Africa
7.5.5.3.1. Market Size and Forecast, by Product Type
7.5.5.3.2. Market Size and Forecast, by Sales Channel
7.5.5.3.3. Market Size and Forecast, by Vehicle Type
Chapter 8: Company Profiles:
8.1. Aisin Seiki Co. Ltd.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.1.6. Key Strategic Moves and Developments
8.2. Continental AG
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.2.6. Key Strategic Moves and Developments
8.3. Delphi Technologies
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.3.5. Business Performance
8.4. Hitachi Automotive Systems, Ltd.
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Product Portfolio
8.4.5. Business Performance
8.4.6. Key Strategic Moves and Developments
8.5. Robert Bosch GmbH
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Product Portfolio
8.5.5. Business Performance
8.5.6. Key Strategic Moves and Developments
8.6. Zf Friedrichshafen AG
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Product Portfolio
8.6.5. Business Performance
8.6.6. Key Strategic Moves and Developments
8.7. Denso Corporation
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Product Portfolio
8.7.5. Business Performance
8.7.6. Key Strategic Moves and Developments
8.8. Borgwarner Inc.
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.8.5. Business Performance
8.8.6. Key Strategic Moves and Developments
8.9. Magna International Inc.
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.9.5. Business Performance
8.10. Johnson Electric Holdings Limited
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Product Portfolio
8.10.5. Business Performance

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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