Home >> Report Store >> Semiconductor and Electronics >> Electric Vehicle Market Research Report and Industry Analysis >

Electric Vehicle Market, By Type (Plugin Hybrid, Battery, Fuel Cell and Hybrid Electric Vehicle) and Geography (North America, Europe, Asia Pacific and Rest of the World) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

154 Pages | Published Date : July 2019  | Report Code: AV349 | Report Format: PDF

REPORT HIGHLIGHT

The electric vehicle market was valued at USD 118.7 billion by 2017, growing with 18.6% CAGR during the forecast period, 2018-2025.

Past few years have been noteworthy as the sale of electric vehicles has increased considerably across the globe. Present trend suggests, these products are becoming a more commonplace in the transportation field in recent times. Unlike traditional internal combustion engine, battery charged vehicle runs entirely based on electric battery and motor. Factors such as technology advancements, positive change in customer perceptions coupled with greater involvement of private firms and governments for the development of this industry support the market growth. For instance, MG Motor planned to launch its first electric SUV named eZS in India by the end of December 2019.

Furthermore, growing focus on the reduction of carbon emissions could further strengthen the product demand. In terms of economy, electric vehicles accounted for less operating cost owing to its superior efficiency. As per the research, this product can save up to 70% where ICE vehicles have efficiencies in the range of 30% to 40%. Manufacturers are also anticipated to introduce battery electric vehicle (BEV) owing to its different advantages. According to a press release in July 2019, Turkish commercial vehicles manufacturer, Karsan unveiled a BEV edition of its shuttle “Atak”. Likewise, in June 2019, Toyota planned to make a $2 billion investment in the development of battery drive vehicle in Indonesia. Launch of ultra-powerful electric drive units is foreseen to bode well for the global market.

On contrary, resistance to new technology adoption in developing regions will hamper the industry growth. For example, even after the potential benefits, the electric vehicles market share as a percentage of the worldwide automotive industry is not more than 1-2 percent.

Types Takeaway

In terms of types, the industry is divided into Plugin Hybrid (PHEV), Battery (BEV), Fuel Cell (FCEV) and Hybrid Electric Vehicle (HEV). BEV accounted for the highest share and is projected to grow with promising growth rate over the study period. This vehicle offers benefits such as elimination of oil and gas changes, convenience in charging, smooth acceleration, and low cost operations. As per the Colorado based collaborative state legislation, “Garfield Clean Energy”, electric car saves 2 barrels of oil or 39.5 gallons of gasoline compared to an average car on every 1,000 miles driven. Nissan Leaf, Tesla Model S, Mitsubishi iMiEV and Ford Focus EV are some of the examples of commercially available BEV products. FCEV is growing with promising growth rate during the study period. As the name suggests, this type of vehicles uses fuel cells to produce electricity through chemical reactions.

Global Electric Vehicle Drive Motor Market, By Vehicle Type

Electric Vehicle MarketRegional Takeaway

Norway accounted for the significant share and is projected to grow with strong growth rate during the study period. One of the strongest catalysts for EV attractiveness in the country is the presence of monetary and non-monetary government subsidies. The latter can be observed with the measures such as free parking and nationwide access to bus lanes.

Key Vendors Takeaway

Companies namely BMW Group, Tesla Motors, Nissan Motor Corporation, Toyota Motor, General Motors, Volkswagen AG, Energica Motor Company, Daimler AG, Ford Motor Company and BYD Company Motors are actively operating in this industry. Key players are actively engaged in introducing low-cost products to attract large customers. For instance, battery prices that accounts up to 25% of EV’s price, are anticipated to fall from USD 1,000 to USD 200 per kilowatt/hour in 2020. Tesla Motors and Panasonic’s Gigafactory is a big production site for high-performance lithium ion batteries. This facility is aimed to drive down more than 50% cost of lithium-ion batteries.

Also, automotive players are experiencing prolong and profound challenges in terms of new players’ entry and technology adoption, with the rise of electric vehicles. Giant companies such as Google and Tesla Motors entered in this industry with the introduction of innovative and fuel-efficiency electric vehicles that have stimulated the industry rivalry.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY TYPE

  • Plugin Hybrid Electric Vehicle (PHEV)
  • Battery Electric Vehicle (BEV)
  • Fuel Cell Electric Vehicle (FCEV)
  • Hybrid Electric Vehicle (HEV)

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. ELECTRIC VEHICLE MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Type
2.1.2. Market Snippet by Region
2.2. Competitive Insights
3. ELECTRIC VEHICLE KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. ELECTRIC VEHICLE INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. ELECTRIC VEHICLE MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. ELECTRIC VEHICLE MARKET – BY TYPE
6.1. Overview
6.1.1. Segment Share Analysis, By Type, 2017 & 2025 (%)
6.2. Plugin Hybrid Electric Vehicle (PHEV)
   6.2.1. Overview
   6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Battery Electric Vehicle (BEV)
   6.3.1. Overview
   6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Fuel Cell Electric Vehicle (FCEV)
   6.4.1. Overview
   6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Hybrid Electric Vehicle (HEV)
   6.5.1. Overview
   6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. ELECTRIC VEHICLE MARKET– BY GEOGRAPHY
7.1. Introduction
7.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
7.2. North America
   7.2.1. Overview
   7.2.2. Key Manufacturers in North America
   7.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   7.2.4. North America Market Size and Forecast, By Type, 2014 – 2025 (US$ Million)
7.2.5. U.S.
   7.2.5.1. Overview
   7.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.2.6. Canada
   7.2.6.1. Overview
   7.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Europe
   7.3.1. Overview
   7.3.2. Key Manufacturers in Europe
   7.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   7.3.4. Europe Market Size and Forecast, By Type, 2014 – 2025 (US$ Million)
7.3.5. France
   7.3.5.1. Overview
   7.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3.6. Germany
   7.3.6.1. Overview
   7.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3.7. Rest of Europe
   7.3.7.1. Overview
   7.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Asia Pacific (APAC)
   7.4.1. Overview
   7.4.2. Key Manufacturers in Asia Pacific
   7.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   7.4.4. Asia Pacific Market Size and Forecast, By Type, 2014 – 2025 (US$ Million)
7.4.5. China
   7.4.5.1. Overview
   7.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4.6. India
   7.4.6.1. Overview
   7.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4.7. Rest of APAC
   7.4.7.1. Overview
   7.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Rest of the World
   7.5.1. Overview
   7.5.2. Key Manufacturers in Rest of the World
   7.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   7.5.4. Rest of the World Market Size and Forecast, By Type, 2014 – 2025 (US$ Million)
7.5.5. Latin America
   7.5.5.1. Overview
   7.5.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5.6. Middle East and Africa
   7.5.6.1. Overview
   7.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. KEY VENDOR ANALYSIS
8.1. BMW Group
   8.1.1. Company Snapshot
   8.1.2. Financial Performance
   8.1.3. Product Benchmarking
   8.1.4. Strategic Initiatives
8.2. Tesla Motors
8.3. Nissan Motor Corporation
8.4. Toyota Motor
8.5. General Motors
8.6. Volkswagen AG
8.7. Energica Motor Company
8.8. Daimler AG
8.9. Ford Motor Company
8.10. BYD Company Motors
9. 360 DEGREE ANALYSTVIEW
10. APPENDIX
10.1. Research Methodology
10.2. References
10.3. Abbreviations
10.4. Disclaimer
10.5. Contact Us

List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Electric Vehicle market: Type snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Type
TABLE Global Electric Vehicle market, by Type 2014-2025 (USD Million)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global Electric Vehicle market, by region 2014-2025 (USD Million)
TABLE North America Electric Vehicle market, by country, 2014-2025 (USD Million)
TABLE North America Electric Vehicle market, by Type, 2014-2025 (USD Million)
TABLE Europe Electric Vehicle market, by country, 2014-2025 (USD Million)
TABLE Europe Electric Vehicle market, by Type, 2014-2025 (USD Million)
TABLE Asia Pacific Electric Vehicle market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Electric Vehicle market, by Type, 2014-2025 (USD Million)
TABLE Rest of the World Electric Vehicle market, by country, 2014-2025 (USD Million)
TABLE Rest of the World Electric Vehicle market, by Type, 2014-2025 (USD Million)

List of Figures
FIGURE Electric Vehicle market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Type segment market share analysis, 2017 & 2025
FIGURE Type segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Plugin Hybrid Electric Vehicle (PHEV) market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Battery Electric Vehicle (BEV) market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Fuel Cell Electric Vehicle (FCEV) market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Hybrid Electric Vehicle (HEV) market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Electric Vehicle market share and leading players, 2018
FIGURE Europe Electric Vehicle market share and leading players, 2018
FIGURE Asia Pacific Electric Vehicle market share and leading players, 2018
FIGURE Latin America Electric Vehicle market share and leading players, 2018
FIGURE Middle East and Africa Electric Vehicle market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

Why AnalystView?

Z

Trusted Partnership

We strive to become one of the trusted partner of our client by offering value added services and concrete research data.

Y

Tailor-Made Solutions

From single reports and data downloads to enterprise subscriptions to custom consultancy, we can base our precise solutions round our client’s exact needs.

Turnaround Time

Our analyst aims to provide research studies in quickest turnaround time and in a much cost effective manner.

T

Data Accuracy and Reliability

We utilize a mix of primary, secondary research, and machine learning algorithms to generate accurate and comprehensive data about market size and revenue forecasts.

Competitive Pricing

We offer most competitive pricing policy across the research industry

Client Testimonials

Asia Pacific based Chemical Industry (Privacy Requested)

Thanks AnalystView for putting a great team to work on our research projects. It was a smooth transition of knowledge and delivery was seamless. We are keen to work with you on our upcoming projects. Thank you once again for the professional attitude your team has demonstrated.

CEO, Europe based Digital Media Company (Privacy Requested)

We had confusion after receiving the final data sheet of report. As per some preliminary we already have, we believe the market is over estimated.. However, after string of calls with analyst, we found their final research analysis was methodologically sound and their work to be very professional and up […]

Managing Director, Chemical based Company, Asia Pacific (Privacy Requested)

We are happy with the way the AnalystView member understood the brief and went about executing our research project.

U.S. Headquartered Medical Device Company (Privacy Requested)

AnalystView team has done brand assessment study for blood glucose monitoring devices market, in which we want enter into….We were very impressed not only by their research skills but also by their understanding of issues relevant to our requirements…!!

Vice President, Petrochemical Firm based in China (Privacy Requested)

It was a pleasure assigning project to AnalystView; they are reliable, fast and friendly. Highly recommend this company for research workJGood stuff!

US based healthcare service provider (Privacy Requested)

Frankly, we didn’t expect much comprehensive data for the report we purchased. To be surprised, I must say the report we received was very nicely executed….It contains all the information we are looking for and satisfied with the quality of the report. Thank you team

Europe based Chemical Industry (Privacy Requested)

Just wanted to say massive thanks for all the help from the AnalystView team. We purchased two reports one is Food Safety Testing report and another one is Enzyme market. These reports have helped us build a sound knowledge base of our business segments and have taken our business to […]

Why Choose Us

We devise research report with quality data:

Combined with an in-depth knowledge of the current industry and a sharp analytical mind, AnalystView serve our customer accurate research in accordance with a constantly evolving industry.

We work with businesses just like yours: 

AnalystView committed to making a positive difference for our clients. This means whatever you demand, chances are we already have experience with something similar.

We make your satisfaction a priority

Share This