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Vehicle Electrification Global Market Report 2022

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    Report

  • 175 Pages
  • August 2022
  • Region: Global
  • The Business Research Company
  • ID: 5640961
Major players in the vehicle electrification market are Continental AG, Delphi Technologies, Robert Bosch, Denso, Magna International, Johnson Electric, Mitsubishi Electric, Volkswagen, Toyota, Honda Motor Company, Johnson Controls and Aptiv.

The global vehicle electrification market is expected to grow from $67.47 billion in 2021 to $74.60 billion in 2022 at a compound annual growth rate (CAGR) of 10.56%. The vehicle electrification market is expected to grow to $114.25 billion in 2026 at a compound annual growth rate (CAGR) of 11.25%.

The vehicle electrification market consists of sales of vehicle electrification products by entities (organizations, sole traders, and partnerships) that are used to power the vehicle by electricity. It is the process of replacing vehicle components that operate on a conventional energy source with those that operate on electricity. There are different types of vehicle electrification technologies such as hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs). Vehicle electrification relies on collaboration from interdisciplinary teams responsible for areas such as electric machines, power electronics, thermal management, and others.

The main product types included in vehicle electrification market are 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. The starter motor is an electrical device used to rotate an internal combustion engine to initiate the engine operation on its own. Vehicle electrification is mainly used in various vehicle types such as internal combustion engine vehicle, micro and full hybrid vehicle and plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV) and are sold through sales channels original equipment manufacturers (OEM) and aftermarket.

Asia Pacific was the largest region in the vehicle electrification market in 2021. The regions covered in the vehicle electrification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The vehicle electrification market research report is one of a series of new reports that provides vehicle electrification market statistics, including vehicle electrification industry global market size, regional shares, competitors with a vehicle electrification market share, detailed vehicle electrification market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle electrification industry. This vehicle electrification market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The increasing demand for hybrid vehicles is propelling the growth of the vehicle electrification market. Hybrid vehicles have an internal combustion engine and one or more electric motors, any one source can be used to run the vehicle. Hybrid vehicles provide fuel economy and help in reducing emissions as they provide an option to run on an electric battery. The increasing demand for hybrid vehicles is due to the shift of focus to reducing emissions by opting for electric vehicles. The demand is also due to the rise in the income levels and the young population. As the demand increases for hybrid vehicles, there will be a significant need for electrification of vehicles as it is the way to make a normal vehicle a hybrid one. For instance, according to the data from US-based analytics firm Wards Intelligence, the US sales of hybrid vehicle sales increased by 76% to 801,550 vehicles in 2021, representing 5% of US light vehicle sales. Sales of electric vehicles also increased by 83% to 434,879, representing 3% of the market. Therefore, the increasing demand for hybrid vehicles is expected to drive the vehicle electrification market.

Technological advancement is a key trend gaining popularity in the vehicle electrification market. Technological advancements are the discovery of knowledge that helps in developing products using advanced technology. Major companies operating in the vehicle electrification market are focused on developing new technological solutions to meet customer demand and make vehicle electrification more advanced. These new technological solutions may include the introduction of advanced electrification methods and components such as an advanced and fast charger. For instance, in September 2021, ABB, a Switzerland-based automation company launched the world’s fastest electric car charger named Terra 360. The Terra 360 is an innovative customizable all-in-one electric vehicle (EV) charger which can simultaneously charge up to four vehicles with dynamic power distribution and can deliver 100km of range in less than three minutes. To personalize, customers can 'brand' the chargers by using different foiling or changing the color of the LED light strips to tailor the appearance. It is ideal for urban charging stations, refueling stations, and fleet applications.

In June 2021, Ford Motor Company, a US-based automobile manufacturing company acquired Electriphi, for an undisclosed amount. The acquisition is expected to develop the most advanced charging and energy management experiences for commercial customers and enables Ford to lead the electrification revolution for commercial and retail customers. Electriphi is a US-based provider of charging management and fleet monitoring software for electric vehicles and also offers fleet electrification.

The countries covered in the vehicle electrification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.




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Table of Contents

1. Executive Summary2. Vehicle Electrification Market Characteristics3. Vehicle Electrification Market Trends And Strategies4. Impact Of COVID-19 On Vehicle Electrification
5. Vehicle Electrification Market Size And Growth
5.1. Global Vehicle Electrification Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Vehicle Electrification Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Vehicle Electrification Market Segmentation
6.1. Global Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 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
6.2. Global Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Internal Combustion Engine Vehicle
  • Micro And Full Hybrid Vehicle
  • Plug-in Hybrid Electric Vehicle (PHEV) And Battery Electric Vehicle (BEV)
6.3. Global Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Original Equipment Manufacturers (OEM)
  • Aftermarket
7. Vehicle Electrification Market Regional And Country Analysis
7.1. Global Vehicle Electrification Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Vehicle Electrification Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Vehicle Electrification Market
8.1. Asia-Pacific Vehicle Electrification Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Vehicle Electrification Market
9.1. China Vehicle Electrification Market Overview
9.2. China Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Vehicle Electrification Market
10.1. India Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Vehicle Electrification Market
11.1. Japan Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Vehicle Electrification Market
12.1. Australia Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Vehicle Electrification Market
13.1. Indonesia Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Vehicle Electrification Market
14.1. South Korea Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Vehicle Electrification Market
15.1. Western Europe Vehicle Electrification Market Overview
15.2. Western Europe Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Vehicle Electrification Market
16.1. UK Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Vehicle Electrification Market
17.1. Germany Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Vehicle Electrification Market
18.1. France Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Vehicle Electrification Market
19.1. Eastern Europe Vehicle Electrification Market Overview
19.2. Eastern Europe Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Vehicle Electrification Market
20.1. Russia Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Vehicle Electrification Market
21.1. North America Vehicle Electrification Market Overview
21.2. North America Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Vehicle Electrification Market
22.1. USA Vehicle Electrification Market Overview
22.2. USA Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Vehicle Electrification Market
23.1. South America Vehicle Electrification Market Overview
23.2. South America Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Vehicle Electrification Market
24.1. Brazil Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Vehicle Electrification Market
25.1. Middle East Vehicle Electrification Market Overview
25.2. Middle East Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Vehicle Electrification Market
26.1. Africa Vehicle Electrification Market Overview
26.2. Africa Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Vehicle Electrification Market Competitive Landscape And Company Profiles
27.1. Vehicle Electrification Market Competitive Landscape
27.2. Vehicle Electrification Market Company Profiles
27.2.1. Continental AG
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Delphi Technologies
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Robert Bosch
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Denso
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Magna International
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Vehicle Electrification Market29. Vehicle Electrification Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Vehicle Electrification Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global vehicle electrification market.

This report focuses on vehicle electrification market which is experiencing strong growth. The report gives a guide to the vehicle electrification market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for the vehicle electrification? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Vehicle Electrification market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider vehicle electrification market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The vehicle electrification market section of the report gives context. It compares the vehicle electrification market with other segments of the vehicle electrification market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, vehicle electrification indicators comparison.

Scope


Markets Covered:

1) 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
2) By Vehicle Type: Internal Combustion Engine Vehicle; Micro And Full Hybrid Vehicle; Plug-in Hybrid Electric Vehicle (PHEV) And Battery Electric Vehicle (BEV)
3) By Sales Channel: Original Equipment Manufacturers (OEM); Aftermarket

Companies Mentioned: Continental AG; Delphi Technologies; Robert Bosch; Denso; Magna International

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Continental AG
  • Delphi Technologies
  • Robert Bosch
  • Denso
  • Magna International

Methodology

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