To get the exact annual growth variance and YOY growth rate, Talk to the analyst.

Key Market Dynamics:

• Market Drivers: The growing demand for fuel-efficient and low-emission vehicles is a major driver of electric vehicle market growth. With the rapid swings in oil and gas prices, consumers are turning their attention to more fuel-efficient vehicles. The harmful effects of emissions from fossil fuel vehicles have alarmed people all over the world and hence the demand for low emission vehicles has increased. The increase in fuel prices has caused consumers to switch from conventional vehicles to electric vehicles.
• Market Trend: Strict rules and regulations will be another major factor fueling the growth of EV market. Emission regulations are becoming stricter at both city and national levels. Several rules and regulations have been enacted by different countries to control emissions from vehicles. On the other hand, some countries have introduced more advanced regulations based on recent regulatory revisions in the US and US Europe.

To learn about additional key drivers, trends and challenges available with Technavio. Read sample report!

Highlights of the main revenue-generating markets:

Electric Vehicles market report is categorized by Type (BEV and PHEV) and Geography (APAC, Europe, North America, South Americaand MEA).

• The growth in the market share of electric vehicles in the BEV segment will be significant during the forecast period. Key benefits such as ease of manufacture, simplicity, lower maintenance costs and zero emissions will drive the growth of the BEV market segment.
• APAC will be the leading region accounting for 45% of the market growth over the forecast period. Japan, South Korea (Republic of Korea) and China are the key markets for the automotive fuel cell market in APAC. Growing concerns about emissions affecting air quality and better safety standards set by regional governments will facilitate the growth of APAC electric vehicle market over the forecast period.

View sample report for additional insights into the contribution of each segment and regional opportunities in the report.

Mentioned top companies with their offers

• BAIC Motor Corp. Ltd.: The company offers electric vehicle models such as X7, EU7 and EUS Plus.
• BMW Group: The company offers iX3 plug-in hybrid cars and i3 and i8 plug-in hybrid sports cars.
• Daimler AG: The company offers EQC, EQA, EQS, EQV and other electric passenger vehicles.
• Ford Motor Co.: The company supplies the F-150, an advanced zero-emission truck.
• General Motors Co.: The company manufactures zero-emission vehicles, long-range batteries and software for electric vehicles.

Some other companies covered in this report are:

• Nissan Motor Co.Ltd.
• Renault SA
• Tesla Inc.
• Toyota Motor Corp.
• Volkswagen AG
• To access additional vendor profiles available at Technavio with their key offerings, Click here

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Automotive Aftermarket Shock Absorbers Market by Type and Geography – Forecast and Analysis 2020-2024

Main topics covered:

summary

market landscape

• market ecosystem
• Analysis of the value chain

market size

• market definition
• Market Segment Analysis
• Market size 2020
• Market Outlook: Forecast for 2020 – 2025

Five Forces Analysis

• bargaining power of buyers
• bargaining power of suppliers
• Threat of new entrants
• Danger from substitutes
• threat of rivalry
• market condition

Market segmentation by type

• market segments
• Comparison by type
• BEV – Market Size and Forecast 2020-2025
• PHEV – Market Size and Forecast 2020-2025
• Market Opportunities by Type

customer landscape

geographic landscape

• Geographic Segmentation
• Geographical comparison
• APAC – Market Size and Forecast 2020-2025
• Europe – Market Size and Forecast 2020-2025
• North America – Market Size and Forecast 2020-2025
• South America – Market Size and Forecast 2020-2025
• MEA – Market Size and Forecast 2020-2025
• Important Leading Countries
• Market Opportunities by Geography
• market leader
• market challenges
• market trends

provider landscape

• overview
• disturbance of the landscape

Vendor Analysis

• providers covered
• Market positioning of providers
• BAIC Motor Corp. ltd
• BMW group
• Daimler AG
• Ford Motor Co.
• General Motors Co.
• Nissan Motor Co.Ltd.
• Renault SA
• Tesla Inc.
• Toyota Motor Corp.
• Volkswagen AG

Appendix

• scope of the report
• Currency conversion rates for US$
• research methodology
• List of abbreviations

about us
Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library, their client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

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SOURCE Technavio