Electric Vehicle Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Type (Battery Electric Vehicles, Plug-in Hydrid Electric Vehicles, Hybrid Electric Vehicles); Vehicle Category (Passenger Cars, Commercial Vehicles, Two Wheelers) and Geography
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MARKET INTRODUCTION
The electric vehicle market has witnessed tremendous growth in the last few years owing to the significant advancements in the electric vehicles industry. Further, the initiatives by various environmental agencies for the reduction of the carbon footprint from vehicular emissions have also propelled the global demand for electric vehicles. The market for electric vehicles has witnessed a mercurial rise in both developed countries such as the U.S. and developing countries such as China majorly due to presence of large automotive manufacturing hubs and demand for clean energy vehicles.
MARKET DYNAMICS
Rising concerns about global warming and the growing need to reduce carbon emissions is anticipated to drive the electric vehicle market in the coming few years. However, the lack of standardization in the electric vehicle industry is anticipated to pose a the challenge in the growth of the electric vehicle market. Further, increasing usage of Vehicle-to-Grid (V2G) EV charging stations for the electric vehicles is expected to provide significant opportunities for the players operating in the electric vehicle market.
MARKET SCOPE
The "Global Electric Vehicle Market Analysis to 2027" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric vehicle market with detailed market segmentation by type, vehicle category and geography. The global electric vehicle market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading electric vehicle market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global electric vehicle market is segmented on the basis of type and vehicle category. Based on type, the electric vehicle market is segmented into below battery electric vehicles, plug-in hybrid electric vehicles and hybrid electric vehicles. On the basis of the vehicle category, the electric vehicle market is segmented into passenger cars, commercial vehicles and two-wheelers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electric vehicle market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric vehicle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the electric vehicle market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the electric vehicle in these regions.
MARKET PLAYERS
The reports cover key developments in the electric vehicle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from electric vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for electric vehicle in the global market. Below mentioned is the list of few companies engaged in the electric vehicle market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric vehicle market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
- BAIC Group
- BYD Company Motors
- Daimler AG
- Ford Motor Company
- General Motors
- Mitsubishi Motors
- Nissan Motor Corporation
- Tesla Motors
- Toyota Motor Corporation
- Volkswagen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.