Key Highlights
• Electric vehicles represent the transition of transportation from electric vehicles to vehicles using electricity in general. It includes a variety of electric vehicles (EVs), including electric cars, buses, trucks, bicycles, and scooters, and the systems necessary to support their operation. Electric vehicles aim to reduce the environmental impact of transportation by reducing greenhouse gas emissions, pollution and dependence on non-renewable fossil fuels. Key components of electric vehicles include advanced battery technology, charging and integration of renewable energy. Electric vehicles have advantages such as lower operating costs, less noise and improved energy efficiency. As communities around the world seek efficient transportation solutions, electric vehicles play an important role in creating clean, efficient, connected cities and rural transport, helping to create a safe and healthy future.
• The market size of the Worldwide Electric Mobility Market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In November 2021, Nissan announced it would invest US$18 billion in electric vehicle battery development over five years. The company is actively investing in the development of energy-efficient batteries.
• The global automotive industry is going through a once-in-a-century revolution. The rapid transition to electric vehicles and the development of electric vehicles are driving the growth of electric vehicle sales. In addition, strengthening the EV charging service network and infrastructure is driving the growth of the EV market. For example, 2020 is a record year for electric cars. According to the International Energy Agency (IEA), total worldwide sales of electric vehicles will exceed 3 million in 2020. The growth in sales is mainly due to the government's initiative to provide subsidies and tax breaks for the purchase of electric vehicles. For example, starting the introduction of electric vehicles in Europe in 2020 will promote the sale of electric vehicles in the region and promote the electric vehicle industry worldwide. In addition, the shift in consumer preferences from old cars to electric cars due to worldwide environmental concerns and strict emission standards is also affecting market development.
Scope of the Application Profile
Key Players
• BMW AG (Germany)
• Chevrolet Motor Company (US)
• Daimler AG (Germany)
• Ford Motor Company (US)
• General Motors (US)
• Hero Electric (India)
• Tata Motors (India)
• Tesla Inc. (US)
• Toyota Motor Corporation (Japan)
• Ampere Vehicles (India)
Segmentation
By Drive Type
• Front Wheel Drive
• Rear Wheel Drive
• All Wheel Drive
By Battery Type
• Lithium-Ion Battery
• Lead Acid Battery
• Nickel Metal Hydride Battery
By Propulsion
• Battery Electric Vehicle
• Plug-In Electric Vehicle
• Hybrid Electric Vehicle
• Fuel Cell Electric Vehicle
By Voltage
• Up to 24V
• 24 - 48V
• 48 - 60V
• 60 - 110V
• Above 110V
By Type
• Electric Bicycle
• Electric Skateboard
• Electric Car
• Electric Motorcycle
• Electric Wheelchair
• Electric Trucks
What to Expect from Application Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Electric Mobility market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Electric Mobility market.
3. Leading company profiles reveal details of key Electric Mobility market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Electric Mobility market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• December 2021: Volkswagen will increase the use of electric vehicles In December 2021, the Volkswagen Group pledged to increase the use of electric vehicles by 50% to US$59 billion by 2026.
• In November 2021, Nissan announced it would invest US$18 billion in electric vehicle battery development over five years. The company is actively investing in the development of energy-efficient batteries.
Segment Insights
By Type
Electric vehicles had the largest market share in 2022 and is expected to maintain its lead throughout the forecast period. The government's policies supporting the purchase of plug-in hybrid and electric vehicles, increasing vehicle standards, increasing gasoline prices and falling electric fuel prices due to the advancement of technology are some of the factors that support the growth of this segment. In addition, high awareness of electric vehicles compared to electric two-wheeled vehicles in key regions such as the USA, Europe and China is expected to accelerate the growth of the segment. The electric motorcycle segment is expected to witness the fastest growth during the forecast period. Increasing demand for electric micromobility for short trips is expected to drive the growth of the market due to disruption to public transport during the pandemic. Additionally, the lower cost and longer driving range of electric motorcycles compared to electric cars will increase their popularity in emerging markets. In addition, rising urban mobility, coupled with rising emissions standards and fuel prices, is expected to drive demand for electric motorcycles in the coming years.
By Voltage
The 24V battery system provides power output to meet the various needs of electric vehicles 24V market segment in 2022. Because of their high compatibility, these batteries are popular in many electric vehicles. Also, using a 24V battery system allows for smaller and lighter power cables to be used. Therefore, increasing demand, high social and useful vehicle features will ensure the growth of this segment.
The segment above 48V is expected to grow the fastest and can be commercialized by 2028. It offers excellent performance and high energy products for a wide range of travellers. In addition, the growing interest of automakers and continued research and development for more electric vehicles are expected to affect market growth in the coming years. The 36V and 48V segments are also expected to witness significant growth due to the increasing number of automakers. Compared to non-electric batteries, electric two-wheelers have higher performance and longer ride times. Sub-24V batteries are also expected to see significant growth due to the adoption of communications, door locks and other functions in electric vehicles.
Regional Insights
Asia Pacific dominated the global electric vehicle market with a market size of US$116.35 billion in 2022 and is expected to maintain its position throughout the forecast period. Widespread use of electric vehicles in China is driving the growth of the economy. Electric vehicle sales in China rose from 1.1 million to 10,000 in 2019, according to the International Energy Agency (IEA). By 2022, the number of electric cars will reach 2 million. In addition, increasing electric vehicle penetration in emerging Asia-Pacific countries such as India, South Korea and Japan is expected to drive future market growth. Europe is the largest market for electric vehicles. Europe is expected to register a 28.3% CAGR over the forecast period as preferences shift towards electric vehicles due to increased government regulation and incentives for the purchase of new electric vehicles, and stringent energy use trends and environmental concerns. In 2022, for example, electric car sales in Europe more than doubled in any other country, with a total of 1.4 million new electric cars. In addition, with the ability of electronic equipment to support business growth in the coming years, the automotive industry is expanding in Germany, the UK, etc. growing in major European countries such as North America is also expected to witness significant growth during the forecast period. Significant electric vehicle sales in the US are driving the growth of the market. Also in North America the development of technology and General Motors, Tesla etc. are the leading electricity companies. Plans such as the North American electric car market should drive the development of the electric car market in North America, thereby leading to the growth of electric car use.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 ELECTRIC MOBILITY MARKET OVERVIEW,
BY DRIVE TYPE
6.1 Global Market Revenue & Share Analysis, By Drive Type
6.1.1 Front Wheel Drive
6.1.2 Rear Wheel Drive
6.1.3 All Wheel Drive
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 ELECTRIC MOBILITY MARKET OVERVIEW,
BY BATTERY TYPE
7.1 Global Market Revenue & Share Analysis, By Battery Type
7.1.1 Lithium-Ion Battery
7.1.2 Lead Acid Battery
7.1.3 Nickel Metal Hydride Battery
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 ELECTRIC MOBILITY MARKET OVERVIEW,
BY PROPULSION
8.1 Global Market Revenue & Share Analysis, By Propulsion
8.1.1 Battery Electric Vehicle
8.1.2 Plug-In Electric Vehicle
8.1.3 Hybrid Electric Vehicle
8.1.4 Fuel Cell Electric Vehicle
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 ELECTRIC MOBILITY MARKET OVERVIEW,
BY VOLTAGE
9.1 Global Market Revenue & Share Analysis, By Voltage
9.1.1 Up to 24V
9.1.2 24 - 48V
9.1.3 48 - 60V
9.1.4 60 - 110V
9.1.5 Above 110V
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 ELECTRIC MOBILITY MARKET OVERVIEW, BY
TYPE
10.1 Global Market Revenue & Share Analysis, By Type
10.1.1 Electric Bicycle
10.1.2 Electric Skateboard
10.1.3 Electric Car
10.1.4 Electric Motorcycle
10.1.5 Electric Wheelchair
10.1.6 Electric Trucks
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 ELECTRIC MOBILITY MARKET OVERVIEW, BY
REGION
11.1 Global Market Revenue & Share Analysis, By Region
11.1.1 North America
11.1.2 Europe
11.1.3 Asia Pacific
11.1.4 Middle East & Africa
11.1.5 South America
11.2 Global Market Revenue & Share Analysis, 2018 – 2022
11.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
11.4 Key Takeaways
12 NORTH AMERICA MARKET ANALYSIS
12.1 North America Market Revenue & Share Analysis, By Drive
Type
12.2 North America Market Revenue & Share Analysis, By Battery
Type
12.3 North America Market Revenue & Share Analysis, By
Propulsion
12.4 North America Market Revenue & Share Analysis, By Voltage
12.5 North America Market Revenue & Share Analysis, By Type
12.6 North America Market Revenue & Share Analysis, By Country
12.6.1 US
12.6.2 Canada
12.6.3 Mexico
12.7 Key Takeaways
13 EUROPE MARKET ANALYSIS
13.1 Europe Market Revenue & Share Analysis, By Drive Type
13.2 Europe Market Revenue & Share Analysis, By Battery Type
13.3 Europe Market Revenue & Share Analysis, By Propulsion
13.4 Europe Market Revenue & Share Analysis, By Voltage
13.5 Europe Market Revenue & Share Analysis, By Type
13.6 Europe Market Revenue & Share Analysis, By Country
13.6.1 UK
13.6.2 Italy
13.6.3 Spain
13.6.4 Germany
13.6.5 France
13.6.6 Rest of Europe
13.7 Key Takeaways
14 ASIA PACIFIC MARKET ANALYSIS
14.1 APAC Market Revenue & Share Analysis, By Drive Type
14.2 APAC Market Revenue & Share Analysis, By Battery Type
14.3 APAC Market Revenue & Share Analysis, By Propulsion
14.4 APAC Market Revenue & Share Analysis, By Voltage
14.5 APAC Market Revenue & Share Analysis, By Type
14.6 APAC Market Revenue & Share Analysis, By Country
14.6.1 China
14.6.2 Japan
14.6.3 India
14.6.4 South Korea
14.6.5 Rest of APAC
14.7 Key Takeaways
15 MIDDLE EAST & AFRICA MARKET
ANALYSIS
15.1 MEA Market Revenue & Share Analysis, By Drive Type
15.2 MEA Market Revenue & Share Analysis, By Battery Type
15.3 MEA Market Revenue & Share Analysis, By Propulsion
15.4 MEA Market Revenue & Share Analysis, By Voltage
15.5 MEA Market Revenue & Share Analysis, By Type
15.6 MEA Market Revenue & Share Analysis, By Country
15.6.1 GCC
15.6.2 South Africa
15.6.3 Rest of MEA
15.7 Key Takeaways
16 SOUTH AMERICA MARKET ANALYSIS
16.1 SA Market Revenue & Share Analysis, By Drive Type
16.2 SA Market Revenue & Share Analysis, By Battery Type
16.3 SA Market Revenue & Share Analysis, By Propulsion
16.4 SA Market Revenue & Share Analysis, By Voltage
16.5 SA Market Revenue & Share Analysis, By Type
16.6 SA Market Revenue & Share Analysis, By Country
16.6.1 Brazil
16.6.2 Argentina
16.6.3 Rest of SA
16.7 Key Takeaways
17 COMPETITIVE SCENARIO
17.1 Overview
17.2 Key Players Market Share Analysis
17.3 Recent Developments & Source Launches
17.4 Mergers & Acquisitions
17.5 Partnerships, Agreements & Collaborations
18 COMPANY PROFILES
18.1 Overview
18.2 Key players
18.2.1 BMW AG (Germany)
18.2.1.1 Business Overview
18.2.1.2 Product Offered
18.2.1.3 Financial Insights
18.2.1.4 Strategic Developments
18.2.1.4.1 New Product Launches
18.2.1.4.2 Agreements & Collaborations
18.2.1.5 Business Aspects (NOISE Analysis)
18.2.1.5.1 Key Strengths
18.2.1.5.2 Opportunities
18.2.1.5.3 Weaknesses & Competitive Threats
18.2.1.5.4 Needs & Improvements
18.2.2 Chevrolet Motor Company (US)
18.2.3 Daimler AG (Germany)
18.2.4 Ford Motor Company (US)
18.2.5 General Motors (US)
18.2.6 Hero Electric (India)
18.2.7 Tata Motors (India)
18.2.8 Tesla Inc. (US)
18.2.9 Toyota Motor Corporation (Japan)
18.2.10 Ampere Vehicles (India)
19 DISCLAIMER
20 APPENDIX
