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Electric Vehicle Market

Electric Vehicle - Global Market Outlook (2019-2027)

4.5 (38 reviews)
Published: June 2020 ID: SMRC19387
4.5 (38 reviews)
Published: June 2020 ID: SMRC19387

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Electric Vehicle Market is accounted for $162.34 billion in 2019 and is expected to reach $716.87 billion by 2027 growing at a CAGR of 20.4% during the forecast period. Some of the key factors propelling the market growth include favourable government policies and subsidies, growing concerns over environmental pollution, demand for increased vehicle range per charge, rapidly increasing sales of electric vehicles, and rising fuel prices will boost the demand for electric vehicles. However, lack of standardization of charging infrastructure is likely to hamper the market.

An automobile with a large battery to store energy and propelled by one or more electric motors is known as an electric vehicle. Some of these vehicles also come with an additional Internal Combustion Engine (ICE). The electric vehicle industry holds a great potential in the near future to change the global vehicular emissions scenario. Electric vehicles make use of a high voltage battery that can store a huge volume of energy. The use of advanced concepts in the development of this battery will emerge in favor of the adoption of electric vehicles over normal vehicles.

By propulsion type, plug-in hybrid electric vehicle segment is projected to witness the lucrative growth during the forecast period, due to the growing infrastructure of electric vehicle charging stations globally. This upsurge is due to the initiatives taken by the government of developing countries such as India and China to promote the usage of electric vehicles. Furthermore, companies such as Volkswagen Group are focusing on increasing its plug-in electric car sales.

On the basis of geography, The Asia Pacific market is expected to witness the significant growth, during the forecast period, due to increasing demand for reducing carbon emission and developing. The automotive industry in the countries such as China, Japan and South Korea is inclined toward innovation, technology, and development of advanced electric vehicle. more advanced and fast charging stations are expected to propel the growth of electric vehicle. BYD, BAIC, Chery and SAIC among others are some of the key players in the Asia Pacific electric vehicle market.

Some of the key players in electric vehicle market include Energica Motor Company S.P.A, Ford Motors, General Motors Company, Volvo, Honda Motor Company Ltd, Nissan Motors Co. Ltd., Tesla, Inc., Toyota Motor Corporation, Hyundai, Bayerische Motoren Werke AG (BMW), BYD Company Limited, Daimler AG, Continental, Volkswagen AG, Geely Automobile Holding Limited, Groupe Renault, Mitsubishi Motors Corporation, Jiangling Motors Corporation Limited, Lucid Motors, Inc., and Zotye International Automobile Trading Co. Ltd.

Propulsion Types Covered:
• Plug-in hybrid electric vehicle (PHEV)
• Hybrid electric vehicle (HEV)
• Battery electric vehicle (BEV)
• Fuel cell electric vehicle (FCEV)

Battery Technologies Covered:
• Lithium-Ion
• Lead-Acid
• Nickel Metal Hydride
• Solid State
• Metal-Air
• Lithium-Sulfur
• Flash Cell
• Sodium Nickel Chloride

Vehicle Types Covered:
• Commercial Vehicles
• Two wheelers
• Passenger Cars

Plug-in EVSE Covered:
• Power Supply Range
• Deployment

Charging Station Types Covered:
• Super Charging
• Normal Charging

Materials Covered:
• Conductive
• Semiconductor
• Substrate
• Dielectric

Light Weighting Materials Covered:
• Aluminum
• Steel
• High Strength Steel
• Carbon Fiber Reinforced Polymer (CFRP)

High Power Electronics Covered:
• Insulated-gate Bipolar Transistor (IGBT)
• Silicon Carbide (SiC)
• Gallium Nitride (GaN)

Components Covered:
• Infotainment System
• Electric Motor
• Battery Cells & Packs
• On-Board Charger
• Electric Engine
• Drivetrain
• Base Charging Pad
• Power Control Unit
• Vehicle Charging Pad
• Charge Cords
• Vehicle Connectors
• Attachment Plugs

Power Outputs Covered:
• Above 250 KW
• Less than 100 KW
• 100-250 KW

Energy Harvesting Covered:
• Energy Type
• Heat Recovery

Vehicle Classes Covered:
• Luxury
• Mid-Priced

Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturer (OEM)

Applications Covered:
• Flexible Display
• OLED Lighting
• Electronics and Components
• Organic Photovoltaic

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary    
     
2 Preface   
 
 2.1 Abstract   
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology   
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions  
     
3 Market Trend Analysis    
 3.1 Introduction   
 3.2 Drivers   
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats   
 3.6 Technology Analysis   
 3.7 Application Analysis   
 3.8 Emerging Markets   
 3.9 Impact of Covid-19   
     
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry   
     
5 Global Electric Vehicle Market, By Propulsion Type    
 5.1 Introduction   
 5.2 Plug-in hybrid electric vehicle (PHEV)   
 5.3 Hybrid electric vehicle (HEV)   
 5.4 Battery electric vehicle (BEV)   
 5.5 Fuel cell electric vehicle (FCEV)   
     
6 Global Electric Vehicle Market, By Battery Technology    

 6.1 Introduction   
 6.2 Lithium-Ion   
 6.3 Lead-Acid   
 6.4 Nickel Metal Hydride   
 6.5 Solid State   
 6.6 Metal-Air   
 6.7 Lithium-Sulfur   
 6.8 Flash Cell   
 6.9 Sodium Nickel Chloride   
     
7 Global Electric Vehicle Market, By Vehicle Type    
 7.1 Introduction   
 7.2 Commercial Vehicles   
  7.2.1 Trucks  
  7.2.2 Buses  
 7.3 Two wheelers   
 7.4 Passenger Cars   
  7.4.1 Mid-range Car  
  7.4.2 Small Car  
  7.4.3 Sport Utility Vehicle (SUV)  
  7.4.4 Crossover Utility Vehicle (CUV)  
     
8 Global Electric Vehicle Market, By Plug-in EVSE    
 8.1 Introduction   
 8.2 Power Supply Range   
  8.2.1 Level 1  
  8.2.2 Level 2  
  8.2.3 Level 3  
 8.3 Deployment   
  8.3.1 Commercial  
  8.3.2 Residential  
     
9 Global Electric Vehicle Market, By Charging Station Type    
 9.1 Introduction   
 9.2 Super Charging   
 9.3 Normal Charging   
     
10 Global Electric Vehicle Market, By Material     
 10.1 Introduction   
 10.2 Conductive   
 10.3 Semiconductor   
 10.4 Substrate   
 10.5 Dielectric   
     
11 Global Electric Vehicle Market, By Light Weighting Material    

 11.1 Introduction   
 11.2 Aluminum   
 11.3 Steel   
 11.4 High Strength Steel   
 11.5 Carbon Fiber Reinforced Polymer (CFRP)   
     
12 Global Electric Vehicle Market, By High Power Electronics    

 12.1 Introduction   
 12.2 Insulated-gate Bipolar Transistor (IGBT)    
 12.3 Silicon Carbide (SiC)   
 12.4 Gallium Nitride (GaN)    
     
13 Global Electric Vehicle Market, By Component    
 13.1 Introduction   
 13.2 Infotainment System   
  13.2.1 Head Up Display System  
  13.2.2 Navigation, Information and Communication  
  13.2.3 Rear Seat Entertainment  
  13.2.4 Multimedia System  
 13.3 Electric Motor   
 13.4 Battery Cells & Packs   
 13.5 On-Board Charger   
 13.6 Electric Engine   
 13.7 Drivetrain   
 13.8 Base Charging Pad   
 13.9 Power Control Unit   
 13.10 Vehicle Charging Pad   
 13.11 Charge Cords   
 13.12 Vehicle Connectors   
 13.13 Attachment Plugs   
     
14 Global Electric Vehicle Market, By Power Output    
 14.1 Introduction   
 14.2 Above 250 KW   
 14.3 Less than 100 KW   
 14.4 100-250 KW   
     
15 Global Electric Vehicle Market, By Energy Harvesting    
 15.1 Introduction   
 15.2 Energy Type   
  15.2.1 Solar Energy  
  15.2.2 Thermal Energy  
  15.2.3 Kinetic Energy  
 15.3 Heat Recovery   
  15.3.1 Turbocharger  
  15.3.2 Regenerative Braking  
     
16 Global Electric Vehicle Market, By Vehicle Class    
 16.1 Introduction   
 16.2 Luxury   
 16.3 Mid-Priced   
     
17 Global Electric Vehicle Market, By Sales Channel    

 17.1 Introduction   
 17.2 Aftermarket   
 17.3 Original Equipment Manufacturer (OEM)   
     
18 Global Electric Vehicle Market, By Application    
 18.1 Introduction   
 18.2 Flexible Display   
 18.3 OLED Lighting   
 18.4 Electronics and Components    
 18.5 Organic Photovoltaic   
     
19 Global Electric Vehicle Market, By Geography    
 19.1 Introduction   
 19.2 North America   
  19.2.1 US  
  19.2.2 Canada  
  19.2.3 Mexico  
 19.3 Europe   
  19.3.1 Germany  
  19.3.2 UK  
  19.3.3 Italy  
  19.3.4 France  
  19.3.5 Spain  
  19.3.6 Rest of Europe  
 19.4 Asia Pacific   
  19.4.1 Japan  
  19.4.2 China  
  19.4.3 India  
  19.4.4 Australia  
  19.4.5 New Zealand  
  19.4.6 South Korea  
  19.4.7 Rest of Asia Pacific  
 19.5 South America   
  19.5.1 Argentina  
  19.5.2 Brazil   
  19.5.3 Chile  
  19.5.4 Rest of South America  
 19.6 Middle East & Africa   
  19.6.1 Saudi Arabia  
  19.6.2 UAE  
  19.6.3 Qatar  
  19.6.4 South Africa  
  19.6.5 Rest of Middle East & Africa  
     
20 Key Developments    
 20.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 20.2 Acquisitions & Mergers   
 20.3 New Product Launch   
 20.4 Expansions   
 20.5 Other Key Strategies   
     
21 Company Profiling    
 21.1 Energica Motor Company S.P.A   
 21.2 Ford Motors   
 21.3 General Motors Company   
 21.4 Volvo   
 21.5 Honda Motor Company Ltd   
 21.6 Nissan Motors Co. Ltd.   
 21.7 Tesla, Inc.   
 21.8 Toyota Motor Corporation   
 21.9 Hyundai   
 21.10 Bayerische Motoren Werke AG (BMW)   
 21.11 BYD Company Limited   
 21.12 Daimler AG   
 21.13 Continental   
 21.14 Volkswagen AG   
 21.15 Geely Automobile Holding Limited   
 21.16 Groupe Renault   
 21.17 Mitsubishi Motors Corporation   
 21.18 Jiangling Motors Corporation Limited   
 21.19 Lucid Motors, Inc.   
 21.20 Zotye International Automobile Trading Co. Ltd.  


List of Tables     
1 Global Electric Vehicle Market Outlook, By Region (2018-2027) ($MN)    
2 Global Electric Vehicle Market Outlook, By Propulsion Type (2018-2027) ($MN)    
3 Global Electric Vehicle Market Outlook, By Plug-in hybrid electric vehicle (PHEV) (2018-2027) ($MN)    
4 Global Electric Vehicle Market Outlook, By Hybrid electric vehicle (HEV) (2018-2027) ($MN)    
5 Global Electric Vehicle Market Outlook, By Battery electric vehicle (BEV) (2018-2027) ($MN)    
6 Global Electric Vehicle Market Outlook, By Fuel cell electric vehicle (FCEV) (2018-2027) ($MN)    
7 Global Electric Vehicle Market Outlook, By Battery Technology (2018-2027) ($MN)    
8 Global Electric Vehicle Market Outlook, By Lithium-Ion (2018-2027) ($MN)    
9 Global Electric Vehicle Market Outlook, By Lead-Acid (2018-2027) ($MN)    
10 Global Electric Vehicle Market Outlook, By Nickel Metal Hydride (2018-2027) ($MN)    
11 Global Electric Vehicle Market Outlook, By Solid State (2018-2027) ($MN)    
12 Global Electric Vehicle Market Outlook, By Metal-Air (2018-2027) ($MN)    
13 Global Electric Vehicle Market Outlook, By Lithium-Sulfur (2018-2027) ($MN)    
14 Global Electric Vehicle Market Outlook, By Flash Cell (2018-2027) ($MN)    
15 Global Electric Vehicle Market Outlook, By Sodium Nickel Chloride (2018-2027) ($MN)    
16 Global Electric Vehicle Market Outlook, By Vehicle Type (2018-2027) ($MN)    
17 Global Electric Vehicle Market Outlook, By Commercial Vehicles (2018-2027) ($MN)    
18 Global Electric Vehicle Market Outlook, By Trucks (2018-2027) ($MN)    
19 Global Electric Vehicle Market Outlook, By Buses (2018-2027) ($MN)    
20 Global Electric Vehicle Market Outlook, By Two wheelers (2018-2027) ($MN)    
21 Global Electric Vehicle Market Outlook, By Passenger Cars (2018-2027) ($MN)    
22 Global Electric Vehicle Market Outlook, By Mid-range Car (2018-2027) ($MN)    
23 Global Electric Vehicle Market Outlook, By Small Car (2018-2027) ($MN)    
24 Global Electric Vehicle Market Outlook, By Sport Utility Vehicle (SUV) (2018-2027) ($MN)    
25 Global Electric Vehicle Market Outlook, By Crossover Utility Vehicle (CUV) (2018-2027) ($MN)    
26 Global Electric Vehicle Market Outlook, By Plug-in EVSE (2018-2027) ($MN)    
27 Global Electric Vehicle Market Outlook, By Power Supply Range (2018-2027) ($MN)    
28 Global Electric Vehicle Market Outlook, By Level 1 (2018-2027) ($MN)    
29 Global Electric Vehicle Market Outlook, By Level 2 (2018-2027) ($MN)    
30 Global Electric Vehicle Market Outlook, By Level 3 (2018-2027) ($MN)    
31 Global Electric Vehicle Market Outlook, By Deployment (2018-2027) ($MN)    
32 Global Electric Vehicle Market Outlook, By Commercial (2018-2027) ($MN)    
33 Global Electric Vehicle Market Outlook, By Residential (2018-2027) ($MN)    
34 Global Electric Vehicle Market Outlook, By Charging Station Type (2018-2027) ($MN)    
35 Global Electric Vehicle Market Outlook, By Super Charging (2018-2027) ($MN)    
36 Global Electric Vehicle Market Outlook, By Normal Charging (2018-2027) ($MN)    
37 Global Electric Vehicle Market Outlook, By Material (2018-2027) ($MN)    
38 Global Electric Vehicle Market Outlook, By Conductive (2018-2027) ($MN)    
39 Global Electric Vehicle Market Outlook, By Semiconductor (2018-2027) ($MN)    
40 Global Electric Vehicle Market Outlook, By Substrate (2018-2027) ($MN)    
41 Global Electric Vehicle Market Outlook, By Dielectric (2018-2027) ($MN)    
42 Global Electric Vehicle Market Outlook, By Light weighting Material (2018-2027) ($MN)    
43 Global Electric Vehicle Market Outlook, By Aluminum (2018-2027) ($MN)    
44 Global Electric Vehicle Market Outlook, By Steel (2018-2027) ($MN)    
45 Global Electric Vehicle Market Outlook, By High Strength Steel (2018-2027) ($MN)    
46 Global Electric Vehicle Market Outlook, By Carbon Fiber Reinforced Polymer (CFRP) (2018-2027) ($MN)    
47 Global Electric Vehicle Market Outlook, By High Power Electronics (2018-2027) ($MN)    
48 Global Electric Vehicle Market Outlook, By Insulated-gate Bipolar Transistor (IGBT) (2018-2027) ($MN)    
49 Global Electric Vehicle Market Outlook, By Silicon Carbide (SiC) (2018-2027) ($MN)    
50 Global Electric Vehicle Market Outlook, By Gallium Nitride (GaN) (2018-2027) ($MN)    
51 Global Electric Vehicle Market Outlook, By Component (2018-2027) ($MN)    
52 Global Electric Vehicle Market Outlook, By Infotainment System (2018-2027) ($MN)    
53 Global Electric Vehicle Market Outlook, By Head Up Display System (2018-2027) ($MN)    
54 Global Electric Vehicle Market Outlook, By Navigation, Information and Communication (2018-2027) ($MN)    
55 Global Electric Vehicle Market Outlook, By Rear Seat Entertainment (2018-2027) ($MN)     
56 Global Electric Vehicle Market Outlook, By Multimedia System (2018-2027) ($MN)    
57 Global Electric Vehicle Market Outlook, By Electric Motor (2018-2027) ($MN)    
58 Global Electric Vehicle Market Outlook, By Battery Cells & Packs (2018-2027) ($MN)    
59 Global Electric Vehicle Market Outlook, By On-Board Charger (2018-2027) ($MN)    
60 Global Electric Vehicle Market Outlook, By Electric Engine (2018-2027) ($MN)    
61 Global Electric Vehicle Market Outlook, By Drivetrain (2018-2027) ($MN)     
62 Global Electric Vehicle Market Outlook, By Base Charging Pad (2018-2027) ($MN)    
63 Global Electric Vehicle Market Outlook, By Power Control Unit (2018-2027) ($MN)    
64 Global Electric Vehicle Market Outlook, By Vehicle Charging Pad (2018-2027) ($MN)    
65 Global Electric Vehicle Market Outlook, By Charge Cords (2018-2027) ($MN)    
66 Global Electric Vehicle Market Outlook, By Vehicle Connectors (2018-2027) ($MN)    
67 Global Electric Vehicle Market Outlook, By Attachment Plugs (2018-2027) ($MN)    
68 Global Electric Vehicle Market Outlook, By Power Output (2018-2027) ($MN)    
69 Global Electric Vehicle Market Outlook, By Above 250 KW (2018-2027) ($MN)    
70 Global Electric Vehicle Market Outlook, By Less than 100 KW (2018-2027) ($MN)    
71 Global Electric Vehicle Market Outlook, By 100-250 KW (2018-2027) ($MN)    
72 Global Electric Vehicle Market Outlook, By Energy Harvesting (2018-2027) ($MN)    
73 Global Electric Vehicle Market Outlook, By Energy Type (2018-2027) ($MN)    
74 Global Electric Vehicle Market Outlook, By Solar Energy (2018-2027) ($MN)    
75 Global Electric Vehicle Market Outlook, By Thermal Energy (2018-2027) ($MN)    
76 Global Electric Vehicle Market Outlook, By Kinetic Energy (2018-2027) ($MN)    
77 Global Electric Vehicle Market Outlook, By Heat Recovery (2018-2027) ($MN)    
78 Global Electric Vehicle Market Outlook, By Turbocharger (2018-2027) ($MN)    
79 Global Electric Vehicle Market Outlook, By Regenerative Braking (2018-2027) ($MN)    
80 Global Electric Vehicle Market Outlook, By Vehicle Class (2018-2027) ($MN)    
81 Global Electric Vehicle Market Outlook, By Luxury (2018-2027) ($MN)    
82 Global Electric Vehicle Market Outlook, By Mid-Priced (2018-2027) ($MN)    
83 Global Electric Vehicle Market Outlook, By Sales Channel (2018-2027) ($MN)    
84 Global Electric Vehicle Market Outlook, By Aftermarket (2018-2027) ($MN)    
85 Global Electric Vehicle Market Outlook, By Original Equipment Manufacturer (OEM) (2018-2027) ($MN)    
86 Global Electric Vehicle Market Outlook, By Application (2018-2027) ($MN)    
87 Global Electric Vehicle Market Outlook, By Flexible Display (2018-2027) ($MN)    
88 Global Electric Vehicle Market Outlook, By OLED Lighting (2018-2027) ($MN)    
89 Global Electric Vehicle Market Outlook, By Electronics and Components (2018-2027) ($MN)    
90 Global Electric Vehicle Market Outlook, By Organic Photovoltaic (2018-2027) ($MN)    
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.     

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