Global EV market size to register 23.5% CAGR
PUNE, India, Sept. 28, 2022 (GLOBE NEWSWIRE) — Global according to MarketStudyReport electric vehicle market is projected to show a robust growth rate of 23.5% over the period 2022-2028.
The document provides a quick overview of the market performance by highlighting the key drivers, challenges and opportunities. It also includes an overall review of the competitive analysis of the market with a detailed presentation of the leading players’ strategies, along with their product portfolios, financial prospects, and distribution networks.
The expansion of the global electric vehicle market is attributed to people’s growing concerns about urban air pollution as well as the continuous development of self-driving electric vehicle technology.
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One of the main sources of air pollution comes from conventional fuel vehicles, which has prompted government agencies to enforce strict laws and guidelines for automakers to limit vehicle emissions. Electric vehicles (EVs) can significantly reduce greenhouse gas emissions while reducing dependence on oil-based fuels, fueling the advancement of the business community.
By focusing on offering consumers subsidies for purchasing EVs, the governments of numerous nations are actively contributing to the explosive growth in EV sales. Supportive government regulations have contributed to an increasing demand for electric vehicles in recent years, escalating the development of the industry.
Overview of the market segmentation:
The global electric vehicle market is segmented by vehicle type, number of wheels and end-user scope. Based on vehicle type, the market is segmented into commercial vehicles and passenger vehicles. Due to the growing concerns about urban air pollution, the passenger car segment is expected to make a significant contribution to the market share over the analysis period.
Based on the number of wheels, this business space is divided into two-wheelers, four-wheelers, three-wheelers, quadricycles and multi-wheelers. Among these, the four-wheeler segment is expected to register a healthy growth rate during the projected period. According to end users, the market is divided into non-commercial and commercial products.
In terms of type, the industry is divided into fuel cell electric vehicle (FCEV), battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). It is estimated that the BEV segment will stand tall in terms of market share during the investigation period.
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Regional landscape analysis
Geographically, the global electric vehicle market is analyzed across the countries of North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The major players that formulate the competitive landscape of the market are Tesla Inc., SAIC Motors, Volkswagen AG, BYD Auto Co. Ltd., Nissan Motor Co. Ltd., BMW Group, Hyundai Group, Renault Group, Toyota Motor Corporation, GAC Motor , Mahindra Electric Mobility Ltd., Honda Motor Company Ltd., Daimler AG, General Motors Company and Geely (Zhejiang Geely Holding Group Co., Ltd.)
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Global electric vehicle market by vehicle type (Revenue, USD millions, 2019-2028)
1. Mopeds, bicycles and scooters
- small cars
- medium cars
- big cars
- commercial vehicles
1. Light Commercial Vehicles (LCVs)
2. Heavy Commercial Vehicles (HCVs)
Global electric vehicle market by number of wheels (Revenue, USD millions, 2019-2028)
- four wheelers
Global Electric Vehicle Market by Type (Revenue, USD Million, 2019-2028)
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Fuel Cell Electric Vehicle (FCEV)
Global Electric Vehicle Market, End-User Sector (Revenue, USD Mn, 2019-2028)
- commercial vehicles
- non-commercial vehicles
Global Electric Vehicle Market, Regional Analysis (Revenue, Million USD, 2019-2028)
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
- United Kingdom
Middle East & Africa
- South Africa
- Rest of Middle East and Africa
Global Electric Vehicle Market, Competitive Landscape (Revenue, USD Million, 2019-2028)
- Tesla Inc.
- SAIC engines
- Volkswagen AG
- BYD Auto Co.Ltd.
- Nissan Motor Co.Ltd.
- BMW group
- Hyundai group
- Renault group
- Toyota Motor Corporation
- GAC engine
- Mahindra Electric Mobility Ltd.
- honda motor company ltd
- Daimler AG
- General Motor Company
- Geely (Zhejiang Geely Holding Group Co., Ltd.)
TABLE OF CONTENTS:
1.1. scope of the study
1.3. market segmentation
2. Assumptions and Acronyms
3.1. world market in 2022
3.2. Insights and recommendations from analysts
3.3. Growth opportunities and key strategies
3.4. Supply-side and demand-side trends
4. Research methodology
5. Analysis of the impact of COVID-19 and the way forward
5.1. Impact on growth strategies
5.2. Impact on operations and supply chain
5.3. Impact on investments in the automotive sector
5.4. Impact on rollout plans
6. Market Indicators and Background
6.1. Macroeconomic Factors
6.2. prognostic factors
Robust assessment of various factors including but not limited to industrial performance, consumer spending, economic conditions, industrial spending
6.3. Supply chain and value chain analysis
7. Global and Regional Market Dynamics
8. Global EV Market: Price Analysis
9. Global EV Market: Consumer Spending vs Government Spending
10. Global 5G Infrastructure Market: Key Investment Analysis
Includes an analysis of key industry players’ investments and OEM announcements related to EV sales up to 2030
11. Global 5G Infrastructure Market: Key Private Sector Developments
Robust assessment of private sector statements related to commercial electric vehicles
12. Overview of Parent Market: Global Automotive Market
13. Segment Analysis
13.1. Global EV Market by Vehicle Type
14. Regional Analysis
14.1. Electric Vehicles (EVs) Market Analysis and Forecast in North America 2019-2028
14.2. Electric Vehicles (EVs) Market Analysis and Forecast in Latin America 2019-2028
14.3. Electric Vehicles (EVs) Market Analysis and Forecast in Western Europe 2019-2028
14.4. Eastern Europe Global Electric Vehicles (EVs) Market Analysis and Forecast 2019-2028
14.5. Global Electric Vehicles (EVs) Market Analysis and Forecast in Asia Pacific 2019-2028
14.6. Global Electric Vehicles (EVs) Market Analysis and Forecast in Middle East and Africa 2019-2028
15. Competitive Landscape
Global Electric Vehicle Wireless Charging Market 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028
According to our latest study, due to the COVID-19 pandemic, the global Wireless charging for the electric vehicle market Estimated to be $25 million in size in 2021 and projected to a readjusted size of $253.6 million by 2028, at a CAGR of 39.2% over the period. Commercial vehicles, which will account for 2021% of the global wireless EV charging market, is projected to be worth USD million by 2028 and will grow at a CAGR of % over the next six years. While the dynamic wireless charging system segment will be changed to a CAGR in % between 2022 and 2028.
The top global EV wireless charging manufacturers include Robert Bosch GmbH, Continental, WiTricity Corporation, ZTE Corporation, and HELLA KGaA Hueck & Co. etc. In terms of revenue, the top four global players hold a share of over % in 2021 .
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