New

Vehicle Electrification Market

2021

Vehicle Electrification Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Electric Pumps, Electric Power Steering, Liquid Heater PTC, Electric Air Conditioner Compressor, Actuator, Alternator, Others); Degree of Hybridization (Hybrid Electric Vehicle, Battery Electric Vehicle, ICE and Micro Hybrid Vehicle, Plug-In Hybrid Electric Vehicle (PHEV), 48 V Vehicle); Vehicle Type (Passenger Cars, Light Commercial Vehicles , Heavy Commercial Vehicle) and Geography

| Report Code: TIPRE00006346 | No. of Pages: 150 | Category: Automotive and Transportation | Status: Upcoming

Market Insights

Vehicle Electrification Market 2028 By Product, Degree of Hybridization, Vehicle Type and Geography | The Insight Partners

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MARKET OVERVIEW

Vehicle electrification involves powering the components of the vehicle with electricity i.e. replacing the vehicle components that currently operates on some conventional source of energy with the vehicle components that operate on electricity. Conventional alternators and starter motors are usually replaced with an integrator starter generation system. Electrification of vehicle increases its efficiency, reduces carbon emissions and decreases dependency on conventional fuels. Other benefits of vehicle electrification include lesser maintenance and reduced operational costs since now the use of coolants is eliminated. Since vehicle emissions are causing serious damage to human life and environment, government bodies all over the world are imposing stringent emission norms for the vehicles. Strategy such as tax exemption is implemented in developing countries to encourage the customers to buy hybrid and electric vehicles.

MARKET SCOPE

The "Global Vehicle Electrification Market Analysis to 2028" 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 vehicle electrification market with detailed market segmentation by product, degree of hybridization, vehicle type and geography. The report provides key statistics on the market status of the leading vehicle electrification market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

  •   Based on product, the global vehicle electrification market is segmented into electric pumps, electric power steering, liquid heater PTC, electric air conditioner compressor, actuator, alternator and others.
  •   On the basis of degree of hybridization, the market is segmented into hybrid electric vehicle, battery electric vehicle, ICE and micro hybrid vehicle, plug-In hybrid electric vehicle (PHEV) and 48 V vehicle.
  •   Based on vehicle type, the market is bifurcated into passenger cars, light commercial vehicles and heavy commercial vehicle.

MARKET DYNAMICS
Drivers:

  •   Growing awareness towards use of clean energy.
  •   Rising urbanization and increasing per capita disposable income to boost market growth of vehicle electrification.
  •   Encouragement from government in form of tax exemption.

Restraints

  •   High cost for replacement and maintenance cost of vehicle electrification.



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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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The vehicle electrification market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the 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 vehicle electrification market in these regions.

IMPACT OF COVID-19 ON VEHICLE ELECTRIFICATION MARKET
COVID-19 began in Wuhan (China) from December 2019 and since then it spread across the world at a fast pace. The US, Brazil, Russia, India, the UK, France, Italy, Turkey and Spain are some of the worst affected nations in terms of confirmed cases and reported deaths. The pandemic of COVID-19 has seriously affected some of the industries and economy of various countries mainly due to travel restrictions, business shutdowns and lockdowns. Due to various travel limitations and restrictions, use of cars has gone down considerably. This has affected the vehicle electrification market for short term at least. Also, disruptions due to this pandemic has impacted various industries in the supply chain. However, after the situation returns to normal, this market sees a promising growth.



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MARKET PLAYERS


The report covers key developments in the vehicle electrification 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 way for the expansion of business and customer base of market players. The market payers from vehicle electrification market are anticipated to lucrative growth opportunities in the future with the rising demand for vehicle electrification in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vehicle electrification 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 3 years, the key development in the past five years.

  •   AISIN SEIKI Co., Ltd.
  •   BorgWarner Inc.
  •   Clarios (Brookfield Business Partners L.P.)
  •   Continental AG
  •   Delphi Technologies
  •   DENSO Corporation
  •   Johnson Electric Holdings Limited
  •   Magna International Inc.
  •   Mitsubishi Motors Corporation
  •   Robert Bosch GmbH


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.


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vehicle Electrification Market - By Product
1.3.2 Vehicle Electrification Market - By Degree of Hybridization
1.3.3 Vehicle Electrification Market - By Vehicle Type
1.3.4 Vehicle Electrification Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. VEHICLE ELECTRIFICATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. VEHICLE ELECTRIFICATION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. VEHICLE ELECTRIFICATION MARKET - GLOBAL MARKET ANALYSIS
6.1. VEHICLE ELECTRIFICATION - GLOBAL MARKET OVERVIEW
6.2. VEHICLE ELECTRIFICATION - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE

7. VEHICLE ELECTRIFICATION MARKET - REVENUE AND FORECASTS TO 2027 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. ELECTRIC PUMPS
7.3.1. Overview
7.3.2. Electric Pumps Market Forecast and Analysis
7.4. ELECTRIC POWER STEERING
7.4.1. Overview
7.4.2. Electric Power Steering Market Forecast and Analysis
7.5. LIQUID HEATER PTC
7.5.1. Overview
7.5.2. Liquid Heater PTC Market Forecast and Analysis
7.6. ELECTRIC AIR CONDITIONER COMPRESSOR
7.6.1. Overview
7.6.2. Electric Air Conditioner Compressor Market Forecast and Analysis
7.7. ACTUATOR
7.7.1. Overview
7.7.2. Actuator Market Forecast and Analysis
7.8. ALTERNATOR
7.8.1. Overview
7.8.2. Alternator Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. VEHICLE ELECTRIFICATION MARKET - REVENUE AND FORECASTS TO 2027 - DEGREE OF HYBRIDIZATION
8.1. OVERVIEW
8.2. DEGREE OF HYBRIDIZATION MARKET FORECASTS AND ANALYSIS
8.3. HYBRID ELECTRIC VEHICLE
8.3.1. Overview
8.3.2. Hybrid Electric Vehicle Market Forecast and Analysis
8.4. BATTERY ELECTRIC VEHICLE
8.4.1. Overview
8.4.2. Battery Electric Vehicle Market Forecast and Analysis
8.5. ICE AND MICRO HYBRID VEHICLE
8.5.1. Overview
8.5.2. ICE and Micro Hybrid Vehicle Market Forecast and Analysis
8.6. PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
8.6.1. Overview
8.6.2. Plug-In Hybrid Electric Vehicle (PHEV) Market Forecast and Analysis
8.7. 48 V VEHICLE
8.7.1. Overview
8.7.2. 48 V Vehicle Market Forecast and Analysis
9. VEHICLE ELECTRIFICATION MARKET - REVENUE AND FORECASTS TO 2027 - VEHICLE TYPE
9.1. OVERVIEW
9.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
9.3. PASSENGER CARS
9.3.1. Overview
9.3.2. Passenger Cars Market Forecast and Analysis
9.4. LIGHT COMMERCIAL VEHICLES
9.4.1. Overview
9.4.2. Light Commercial Vehicles Market Forecast and Analysis
9.5. HEAVY COMMERCIAL VEHICLE
9.5.1. Overview
9.5.2. Heavy Commercial Vehicle Market Forecast and Analysis

10. VEHICLE ELECTRIFICATION MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Vehicle Electrification Market Overview
10.1.2 North America Vehicle Electrification Market Forecasts and Analysis
10.1.3 North America Vehicle Electrification Market Forecasts and Analysis - By Product
10.1.4 North America Vehicle Electrification Market Forecasts and Analysis - By Degree of Hybridization
10.1.5 North America Vehicle Electrification Market Forecasts and Analysis - By Vehicle Type
10.1.6 North America Vehicle Electrification Market Forecasts and Analysis - By Countries
10.1.6.1 United States Vehicle Electrification Market
10.1.6.1.1 United States Vehicle Electrification Market by Product
10.1.6.1.2 United States Vehicle Electrification Market by Degree of Hybridization
10.1.6.1.3 United States Vehicle Electrification Market by Vehicle Type
10.1.6.2 Canada Vehicle Electrification Market
10.1.6.2.1 Canada Vehicle Electrification Market by Product
10.1.6.2.2 Canada Vehicle Electrification Market by Degree of Hybridization
10.1.6.2.3 Canada Vehicle Electrification Market by Vehicle Type
10.1.6.3 Mexico Vehicle Electrification Market
10.1.6.3.1 Mexico Vehicle Electrification Market by Product
10.1.6.3.2 Mexico Vehicle Electrification Market by Degree of Hybridization
10.1.6.3.3 Mexico Vehicle Electrification Market by Vehicle Type
10.2. EUROPE
10.2.1 Europe Vehicle Electrification Market Overview
10.2.2 Europe Vehicle Electrification Market Forecasts and Analysis
10.2.3 Europe Vehicle Electrification Market Forecasts and Analysis - By Product
10.2.4 Europe Vehicle Electrification Market Forecasts and Analysis - By Degree of Hybridization
10.2.5 Europe Vehicle Electrification Market Forecasts and Analysis - By Vehicle Type
10.2.6 Europe Vehicle Electrification Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Vehicle Electrification Market
10.2.6.1.1 Germany Vehicle Electrification Market by Product
10.2.6.1.2 Germany Vehicle Electrification Market by Degree of Hybridization
10.2.6.1.3 Germany Vehicle Electrification Market by Vehicle Type
10.2.6.2 France Vehicle Electrification Market
10.2.6.2.1 France Vehicle Electrification Market by Product
10.2.6.2.2 France Vehicle Electrification Market by Degree of Hybridization
10.2.6.2.3 France Vehicle Electrification Market by Vehicle Type
10.2.6.3 Italy Vehicle Electrification Market
10.2.6.3.1 Italy Vehicle Electrification Market by Product
10.2.6.3.2 Italy Vehicle Electrification Market by Degree of Hybridization
10.2.6.3.3 Italy Vehicle Electrification Market by Vehicle Type
10.2.6.4 United Kingdom Vehicle Electrification Market
10.2.6.4.1 United Kingdom Vehicle Electrification Market by Product
10.2.6.4.2 United Kingdom Vehicle Electrification Market by Degree of Hybridization
10.2.6.4.3 United Kingdom Vehicle Electrification Market by Vehicle Type
10.2.6.5 Russia Vehicle Electrification Market
10.2.6.5.1 Russia Vehicle Electrification Market by Product
10.2.6.5.2 Russia Vehicle Electrification Market by Degree of Hybridization
10.2.6.5.3 Russia Vehicle Electrification Market by Vehicle Type
10.2.6.6 Rest of Europe Vehicle Electrification Market
10.2.6.6.1 Rest of Europe Vehicle Electrification Market by Product
10.2.6.6.2 Rest of Europe Vehicle Electrification Market by Degree of Hybridization
10.2.6.6.3 Rest of Europe Vehicle Electrification Market by Vehicle Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Vehicle Electrification Market Overview
10.3.2 Asia-Pacific Vehicle Electrification Market Forecasts and Analysis
10.3.3 Asia-Pacific Vehicle Electrification Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Vehicle Electrification Market Forecasts and Analysis - By Degree of Hybridization
10.3.5 Asia-Pacific Vehicle Electrification Market Forecasts and Analysis - By Vehicle Type
10.3.6 Asia-Pacific Vehicle Electrification Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Vehicle Electrification Market
10.3.6.1.1 Australia Vehicle Electrification Market by Product
10.3.6.1.2 Australia Vehicle Electrification Market by Degree of Hybridization
10.3.6.1.3 Australia Vehicle Electrification Market by Vehicle Type
10.3.6.2 China Vehicle Electrification Market
10.3.6.2.1 China Vehicle Electrification Market by Product
10.3.6.2.2 China Vehicle Electrification Market by Degree of Hybridization
10.3.6.2.3 China Vehicle Electrification Market by Vehicle Type
10.3.6.3 India Vehicle Electrification Market
10.3.6.3.1 India Vehicle Electrification Market by Product
10.3.6.3.2 India Vehicle Electrification Market by Degree of Hybridization
10.3.6.3.3 India Vehicle Electrification Market by Vehicle Type
10.3.6.4 Japan Vehicle Electrification Market
10.3.6.4.1 Japan Vehicle Electrification Market by Product
10.3.6.4.2 Japan Vehicle Electrification Market by Degree of Hybridization
10.3.6.4.3 Japan Vehicle Electrification Market by Vehicle Type
10.3.6.5 South Korea Vehicle Electrification Market
10.3.6.5.1 South Korea Vehicle Electrification Market by Product
10.3.6.5.2 South Korea Vehicle Electrification Market by Degree of Hybridization
10.3.6.5.3 South Korea Vehicle Electrification Market by Vehicle Type
10.3.6.6 Rest of Asia-Pacific Vehicle Electrification Market
10.3.6.6.1 Rest of Asia-Pacific Vehicle Electrification Market by Product
10.3.6.6.2 Rest of Asia-Pacific Vehicle Electrification Market by Degree of Hybridization
10.3.6.6.3 Rest of Asia-Pacific Vehicle Electrification Market by Vehicle Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Vehicle Electrification Market Overview
10.4.2 Middle East and Africa Vehicle Electrification Market Forecasts and Analysis
10.4.3 Middle East and Africa Vehicle Electrification Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Vehicle Electrification Market Forecasts and Analysis - By Degree of Hybridization
10.4.5 Middle East and Africa Vehicle Electrification Market Forecasts and Analysis - By Vehicle Type
10.4.6 Middle East and Africa Vehicle Electrification Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Vehicle Electrification Market
10.4.6.1.1 South Africa Vehicle Electrification Market by Product
10.4.6.1.2 South Africa Vehicle Electrification Market by Degree of Hybridization
10.4.6.1.3 South Africa Vehicle Electrification Market by Vehicle Type
10.4.6.2 Saudi Arabia Vehicle Electrification Market
10.4.6.2.1 Saudi Arabia Vehicle Electrification Market by Product
10.4.6.2.2 Saudi Arabia Vehicle Electrification Market by Degree of Hybridization
10.4.6.2.3 Saudi Arabia Vehicle Electrification Market by Vehicle Type
10.4.6.3 U.A.E Vehicle Electrification Market
10.4.6.3.1 U.A.E Vehicle Electrification Market by Product
10.4.6.3.2 U.A.E Vehicle Electrification Market by Degree of Hybridization
10.4.6.3.3 U.A.E Vehicle Electrification Market by Vehicle Type
10.4.6.4 Rest of Middle East and Africa Vehicle Electrification Market
10.4.6.4.1 Rest of Middle East and Africa Vehicle Electrification Market by Product
10.4.6.4.2 Rest of Middle East and Africa Vehicle Electrification Market by Degree of Hybridization
10.4.6.4.3 Rest of Middle East and Africa Vehicle Electrification Market by Vehicle Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Vehicle Electrification Market Overview
10.5.2 South and Central America Vehicle Electrification Market Forecasts and Analysis
10.5.3 South and Central America Vehicle Electrification Market Forecasts and Analysis - By Product
10.5.4 South and Central America Vehicle Electrification Market Forecasts and Analysis - By Degree of Hybridization
10.5.5 South and Central America Vehicle Electrification Market Forecasts and Analysis - By Vehicle Type
10.5.6 South and Central America Vehicle Electrification Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Vehicle Electrification Market
10.5.6.1.1 Brazil Vehicle Electrification Market by Product
10.5.6.1.2 Brazil Vehicle Electrification Market by Degree of Hybridization
10.5.6.1.3 Brazil Vehicle Electrification Market by Vehicle Type
10.5.6.2 Argentina Vehicle Electrification Market
10.5.6.2.1 Argentina Vehicle Electrification Market by Product
10.5.6.2.2 Argentina Vehicle Electrification Market by Degree of Hybridization
10.5.6.2.3 Argentina Vehicle Electrification Market by Vehicle Type
10.5.6.3 Rest of South and Central America Vehicle Electrification Market
10.5.6.3.1 Rest of South and Central America Vehicle Electrification Market by Product
10.5.6.3.2 Rest of South and Central America Vehicle Electrification Market by Degree of Hybridization
10.5.6.3.3 Rest of South and Central America Vehicle Electrification Market by Vehicle Type

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. VEHICLE ELECTRIFICATION MARKET, KEY COMPANY PROFILES
12.1. AISIN SEIKI CO., LTD.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BORGWARNER INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CLARIOS (BROOKFIELD BUSINESS PARTNERS L.P.)
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CONTINENTAL AG
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. DELPHI TECHNOLOGIES
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. DENSO CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. JOHNSON ELECTRIC HOLDINGS LIMITED
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. MAGNA INTERNATIONAL INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. MITSUBISHI MOTORS CORPORATION
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ROBERT BOSCH GMBH
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. AISIN SEIKI Co., Ltd.
2. BorgWarner Inc.
3. Clarios (Brookfield Business Partners L.P.)
4. Continental AG
5. Delphi Technologies
6. DENSO Corporation
7. Johnson Electric Holdings Limited
8. Magna International Inc.
9. Mitsubishi Motors Corporation
10. Robert Bosch GmbH
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