Electric Vehicle Market by Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV)) and Vehicle Type (Two-wheelers, Passenger Cars, and Commercial Vehicles) - Global Opportunity Analysis and Industry Forecast, 2017-2023
- ALL2310791
- 180 Pages
- June 2017
- Automotive and Transportation
Global Electric Vehicle Market was valued at $103,342 million in 2016, and is projected to reach $350,963 million by 2023, growing at a CAGR of 19.8% from 2017 to 2023. Electric vehicles use one or more than one electric motors or traction motors for propulsion. The electric vehicles are powered either by a collector system through electricity from charging station deployments or can be charged by self-charging devices such as regenerative braking systems, turbochargers, etc. Norway had the highest market penetration per capita globally with four plug-in electric vehicles per 1,000 inhabitants in 2013. In March 2014, Norway became the first country featuring 1 in every 100 passenger cars in the plug-in electric type on the road. It had the world's largest plug-in electric vehicle segment market share of total new car sales, accounting for 13.8% in 2014 as compared to 5.6% in 2013. In June 2016, Andorra became the second country having largest electric vehicles, with 6% market share of battery electric vehicles and plug-in hybrid electric vehicle due to strong public policy providing multiple benefits. By May 2015, there were 58,989 electric vehicles registered in Norway, which comprises of 54,160 battery electric vehicles and 4,829 plug-in hybrid electric vehicle.
Globally, the new registrations of electric cars increased by 70% from 2014 to 2015. In 2015, over 550,000 vehicles were sold globally which includes both battery electric vehicle and plug-in hybrid electric vehicle. China surpassed the U.S. as the largest market for electric cars in 2015, with over 200,000 new registrations. Both these markets accounted for more than half of the global new electric car registrations in 2015. China is a potential market for electric vehicles, as it has the maximum number of electric vehicles globally. As per the Global EV Outlook 2015, China has a population of 230 million electric bikes, 83,000 electric cars, and 36,500 electric buses. Toyota Motor Corporation and Tesla Motors, Inc. are prominent players regularly manufacturing electric vehicles. For instance, Tesla Motors, Inc. added Model S, the fastest electric car to the global automotive fleet.
The demand for electric vehicles is governed by increase in demand for fuel-efficient, high-performance, and low-emission vehicles. In addition, the trend of reduction in vehicular emission due to stringent rules & regulations in several countries and growth of public charging infrastructure in China, France, Norway, and the other developed countries. However, high manufacturing cost of electric vehicles and low fuel economy & serviceability restrain the market growth. Moreover, technological advancements in electric vehicles and proactive government initiatives are expected to unfold various opportunities for the growth of the stakeholders of this market, such as system integrators, vehicle manufacturers, engine manufactures, and component providers, in the near future.
Key Benefits
- The study provides an in-depth analysis of the global electric vehicles market with current trends and future estimations to elucidate the imminent investment pockets.
- Quantitative analysis from 2016 to 2023, which is expected to enable the stakeholders to capitalize on prevailing market opportunities, is provided.
- The report provides historical figures for 2016 and year-on-year forecasts throughout the forecast period, considering 2016 as base.
- Competitive intelligence highlights the business practices followed by leading players across various regions.
Electric Vehicle Market Key Segments
By Type
- Battery Electric Vehicles
- Hybrid Electric Vehicles
- Plug-in Hybrid Electric Vehicles
By Vehicle Type
- Two-wheelers
- Passenger Cars
- Commercial Vehicles
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Norway
- The Netherlands
- UK
- Rest of Europe
- Asia-Pacific
- China
- South Korea
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Market Players In Value Chain
- Tesla
- BMW Group
- Nissan Motor Corporation
- Toyota Motor Corporation
- Volkswagen AG
- General Motors
- Daimler AG
- Energica Motor Company S.P.A.
- BYD Company Motors
- Ford Motor Company
- Zero Motorcycles
- Renault Motors
- Audi AG
- Citroen
- Mahindra & Mahindra Ltd.
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS
2.2. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS, 2016
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. An increase in the demand for fuel efficient, high performance, and low emission vehicles
3.5.1.2. Stringent government rules and regulations towards vehicle emission
3.5.1.3. Growth of public charging infrastructure
3.5.2. Restraints
3.5.2.1. High manufacturing cost of electric vehicles
3.5.2.2. Low fuel economy and serviceability
3.5.3. Opportunities
3.5.3.1. Technological advancement of electric vehicles
3.5.3.2. Proactive government initiatives
CHAPTER 4 ELECTRIC VEHICLE MARKET, BY TYPE
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. BATTERY ELECTRIC VEHICLE
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. HYBRID ELECTRIC VEHICLE
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.4. PLUG-IN HYBRID ELECTRIC VEHICLE
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast
CHAPTER 5 ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. TWO WHEELER
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.3. PASSENGER CAR
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.4. COMMERCIAL VEHICLE
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast
CHAPTER 6 ELECTRIC VEHICLE MARKET, BY GEOGRAPHY
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. NORTH AMERICA
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.2.3. U.S.
6.2.3.1. Market size and forecast
6.2.4. Canada
6.2.4.1. Market size and forecast
6.2.5. Mexico
6.2.5.1. Market size and forecast
6.3. EUROPE
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.3.3. U.K.
6.3.3.1. Market size and forecast
6.3.4. THE NETHERLANDS
6.3.4.1. Market size and forecast
6.3.5. GERMANY
6.3.5.1. Market size and forecast
6.3.6. NORWAY
6.3.6.1. Market size and forecast
6.3.7. FRANCE
6.3.7.1. Market size and forecast
6.3.8. REST OF EUROPE
6.3.8.1. Market size and forecast
6.4. ASIA-PACIFIC
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
6.4.3. SOUTH KOREA
6.4.3.1. Market size and forecast
6.4.4. CHINA
6.4.4.1. Market size and forecast
6.4.5. JAPAN
6.4.5.1. Market size and forecast
6.4.6. INDIA
6.4.6.1. Market size and forecast
6.4.7. REST OF ASIA-PACIFIC
6.4.7.1. Market size and forecast
6.5. LAMEA (LATIN AMERICA MIDDLE-EAST AND AFRICA)
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast
6.5.3. LATIN AMERICA
6.5.3.1. Market size and forecast
6.5.4. THE MIDDLE EAST
6.5.4.1. Market size and forecast
6.5.5. AFRICA
6.5.5.1. Market size and forecast
CHAPTER 7 RELATED INDUSTRY INSIGHTS
7.1. ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET
7.2. AUTOMOTIVE WIRING HARNESS MARKET
7.3. ELECTRIC VEHICLE CHARGING SYSTEMS MARKET
7.4. ADVANCE DRIVER ASSISTANCE SYSTEMS MARKET
CHAPTER 8 COMPANY PROFILES
8.1. TESLA
8.1.1. Company overview
8.1.2. Operating business segments
8.1.3. Business performance
8.1.4. Key strategic moves and developments
8.2. BMW GROUP
8.2.1. Company overview
8.2.2. Operating business segments
8.2.3. Business performance
8.2.4. Key strategic moves and developments
8.3. NISSAN MOTOR CORPORATION
8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Business performance
8.3.4. Key strategic moves and developments
8.4. TOYOTA MOTOR CORPORATION
8.4.1. Company overview
8.4.2. Operating business segments
8.4.3. Business performance
8.4.4. Key strategic moves and developments
8.5. VOLKSWAGEN AG
8.5.1. Company overview
8.5.2. Operating business segments
8.5.3. Business performance
8.5.4. Key strategic moves and developments
8.6. GENERAL MOTORS
8.6.1. Company overview
8.6.2. Operating business segments
8.6.3. Business performance
8.6.4. Key strategic moves and developments
8.7. DAIMLER AG
8.7.1. Company overview
8.7.2. Operating business segments
8.7.3. Business performance
8.7.4. Key strategic moves and developments
8.8. ENERGICA MOTOR COMPANY S.P.A
8.8.1. Company overview
8.8.2. Operating business segments
8.8.3. Business performance
8.8.4. Key strategic moves and developments
8.9. BYD COMPANY MOTORS
8.9.1. Company overview
8.9.2. Operating business segments
8.9.3. Business performance
8.9.4. Key strategic moves and developments
8.10. FORD MOTOR COMPANY
8.10.1. Company overview
8.10.2. Operating business segments
8.10.3. Business performance
8.10.4. Key strategic moves and developments
Other players in the value chain include:
- Zero Motorcycles
- Renault Motors
- Audi AG
- Citroen
- Mahindra & Mahindra Ltd.
*Profiles of these players are not included. The same will be included on request.
LIST OF TABLES
TABLE 1. ELECTRIC VEHICLE MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 2. BATTERY ELECTRIC VEHICLE MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 3. HYBRID ELECTRIC VEHICLE MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. PLUG-IN HYBRID ELECTRIC VEHICLE MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 5. ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 6. ELECTRIC TWO WHEELER MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. ELECTRIC PASSENGER CAR MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 8. ELECTRIC COMMERCIAL VEHICLE MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 9. ELECTRIC VEHICLE MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 10. NORTH AMERICA: ELECTRIC VEHICLE MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 11. NORTH AMERICA: ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 12. NORTH AMERICA: ELECTRIC VEHICLE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 13. EUROPE: ELECTRIC VEHICLE MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 14. EUROPE: ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 15. EUROPE: ELECTRIC VEHICLE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 16. ASIA-PACIFIC: ELECTRIC VEHICLE MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 17. ASIA-PACIFIC: ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 18. ASIA-PACIFIC: ELECTRIC VEHICLE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 19. LAMEA: ELECTRIC VEHICLE MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 20. LAMEA: ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 21. LAMEA: ELECTRIC VEHICLE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 22. TESLA: COMPANY SNAPSHOT
TABLE 23. TESLA: OPERATING SEGMENTS
TABLE 24. BMW GROUP: COMPANY SNAPSHOT
TABLE 25. BMW GROUP: OPERATING SEGMENTS
TABLE 26. NISSAN: COMPANY SNAPSHOT
TABLE 27. NISSAN: OPERATING SEGMENTS
TABLE 28. TOYOTA: COMPANY SNAPSHOT
TABLE 29. TOYOTA: OPERATING SEGMENTS
TABLE 30. VOLKWAGEN: COMPANY SNAPSHOT
TABLE 31. VOLKSWAGEN: OPERATING SEGMENTS
TABLE 32. GENERAL MOTORS: COMPANY SNAPSHOT
TABLE 33. GENERAL MOTORS: OPERATING SEGMENTS
TABLE 34. DAIMLER: COMPANY SNAPSHOT
TABLE 35. DAIMLER: OPERATING SEGMENTS
TABLE 36. ENERGICA: COMPANY SNAPSHOT
TABLE 37. ENERGICA: OPERATING SEGMENTS
TABLE 38. BYD: COMPANY SNAPSHOT
TABLE 39. BYD: OPERATING SEGMENTS
TABLE 40. FORD: COMPANY SNAPSHOT
TABLE 41. FORD: OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 1. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION (2014 - 2016)
FIGURE 2. TOP WINNING STRATEGIES: NATURE AND TYPE
FIGURE 3. TOP INVESTMENT POCKETS IN GLOBAL ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
FIGURE 4. PORTERS FIVE FORCES ANALYSIS
FIGURE 5. BARGAINING POWER OF SUPPLIERS
FIGURE 6. BARGAINING POWER OF BUYERS
FIGURE 7. THREAT OF SUBSTITUTES
FIGURE 8. THREAT OF NEW ENTRANTS
FIGURE 9. INTENSITY OF COMPETITIVE RIVALRY
FIGURE 10. MARKET SHARE ANALYSIS, 2016
FIGURE 11. PERCENTAGE OF 2014 VEHICLE MODELS CAF COMPLIANT BY MANUFACTURERS
FIGURE 12. FUEL ECONOMY READINESS INDEX 2013
FIGURE 13. GLOBAL CUMULATIVE CHARGING STATION DEPLOYMENT (2011-2020)
FIGURE 14. ELECTRIC VEHICLE MARKET REVENUE 2016 % SHARE, BY TYPE
FIGURE 15. ELECTRIC VEHICLE MARKET REVENUE 2016 % SHARE, BY VEHICLE TYPE
FIGURE 16. ELECTRIC VEHICLE MARKET REVENUE 2016 % SHARE, BY GEOGRAPHY
FIGURE 17. U.S.: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 18. CANADA: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 19. MEXICO: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 20. U.K.: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 21. THE NETHERLANDS: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 22. GERMANY: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 23. NORWAY: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 24. FRANCE: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 25. REST OF EUROPE: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 26. SOUTH KOREA: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 27. CHINA: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 28. JAPAN: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 29. INDIA: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 30. REST OF ASIA-PACIFIC: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 31. LATIN AMERICA: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 32. MIDDLE EAST: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 33. AFRICA: ELECTRIC VEHICLE MARKET SIZE, 2016-2023 ($MILLION)
FIGURE 34. TESLA SNAPSHOT
FIGURE 35. BMW SNAPSHOT
FIGURE 36. NISSAN SNAPSHOT
FIGURE 37. TOYOTA SNAPSHOT
FIGURE 38. VOLKSWAGEN SNAPSHOT
FIGURE 39. GENERAL MOTORS SNAPSHOT
FIGURE 40. DAIMLER SNAPSHOT
FIGURE 41. ENERGICA SNAPSHOT
FIGURE 42. BYD SNAPSHOT
FIGURE 43. FORD SNAPSHOT
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