Global Electric Vehicle Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The growth of the Electric Vehicle Market is majorly influenced by the surge in demand of electric vehicle worldwide, increasing fuel prices, and expansion of global auto-manufacturers into new emerging markets and government initiatives and among others.
According to a recent study report published by the Market Research Future, The global market of Electric Vehicle is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2025, surpassing its previous growth records in terms of value with a striking CAGR of 18.4% during the estimated period (2017 – 2025).
Nissan Motor Company, Tesla Inc, Toyota Motor Corporation, Ford Motor Company, Volkswagen, BMW, General Motors, Daimler AG, Hyundai Motor Company, Mitsubishi Motors Corporation and among others., and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global electric vehicle market.
Get a FREE Report Sample with Complete TOC @https://www.marketresearchfuture.com/sample_request/1793
According to Automobile Association of America (AAA), lower gas prices have not inhibited enthusiasm for electric cars. As per the market research, the demand for electric car is likely to increase in the coming time. More than 30 million American are likely to buy electric car as their next vehicle. This trend in majorly influenced by compliance and people commitment towards environmental concern and carbon reduction. Heading towards APAC region, China has named itself as the leading market for electric vehicles. In terms of market development, China has sold more than 507,000 electric vehicles and plug-in hybrid electric vehicle in 2016, which was around 53% rise from 2015.followed by US and Europe. Moreover, the key market players are more inclined towards focusing on electric vehicles and have started offering EV range for models including hatchbacks, superminis, sedans, large family cars, vans and others. Additionally, it has been experienced that electric car positioning in European market is quiet fast. As in 2016, Norway electric car market share was around 29% which was estimated as the highest globally, followed by the Netherlands with 6.4%, and Sweden with 3.4%. The European electric car market is set to switch from early positioning to mass market adoption over the next decade. As per the associations, market analysis and recent statements of car manufacturers, there would be around 9 to 20 million electric car could be positioned by the year 202 and around 40 to 70 million by 2025.
Over the past decade, it has been experienced that the prices of crude oil per barrel is increasing very rapidly and also the availability the crude oil is decreasing day by day. Due to these factors, the mind-set of large pool of population is shifting their preference towards electric vehicles. In the last 3 to 4 years, the demand for electric vehicles in the United States is rapidly increasing and seen around 70% of year-over-year growth in the sales. Along with the United States, Norway has also put a step ahead and has shifted more focus towards electric vehicles. As per the market statistics, every third of new car is electric and also the country has the highest proportion of 6.4% worldwide followed by Sweden i.e. 3.4%. The growth of electric vehicles is increasing across the globe and since 2014, the sales have been doubled. As of 2016, near about 777,500 electric vehicles have been sold worldwide.
Electric Vehicle Market – Segmentation
The global Electric Vehicle market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Technology: Comprises Battery Electric Vehicles, Hybrid Electric Vehicles and Plug-In Hybrid Electric Vehicles
Segmentation by Vehicle Type: Comprises Passenger Cars, Commercial Vehicles and Two Wheelers
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Electric Vehicle Market: Regional Analysis
North America is one of the leading regions for electric vehicle market. This market has seen healthy growth and demand for electric vehicles during the past few years. In North America, the sales of electric car have been doubled since 2014, which clearly implies that the demand for electric car have been rising on a rapid pace. The U.S. has always been the most lucrative market for electric vehicles. Over the past few years, the sales of electric vehicles have been doubled in the US which means the market will generate ample revenue. The major factors that has driven the US the market are rising demand for electric cars, government initiatives and healthy disposable income. Europe is the second leading region for electric vehicles market. In 2016, the Europe market share for electric vehicles was accounted for 20.1%. Europe is one of the most promising regions in the electric vehicles market. This market has achieved an ample scope due to the presence of profitable countries such as Germany, UK, France, Norway and others.
Key Questions Addressed by the Report
- What was the historic market size (2017)?
- Which segmentation (technology/vehicle type) is driving market growth?
- What will be the growth rate by 2025?
- Who are the key players in this market?
- What are the strategies adopted by key players?
Browse Complete Report “Electric Vehicle (EV) Market Research Report – Global Forecast till 2025” @https://www.marketresearchfuture.com/reports/electric-vehicles-market-1793
Table of Contents
1 Executive Summary
2.1 Scope of the Study
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.2 Market Drivers
4.2.1 Surge in Demand of Electric Vehicle Worldwide
4.2.2 Increasing Fuel Prices Will Boost Demand of Electric Vehicles
4.2.3 Government Initiatives
4.2.4 Expansion of Global Auto-manufacturers Into New Emerging Markets
4.3 Market Restraints
4.3.1 High Prices of Electric Vehicles
4.3.2 Underdeveloped Aftermarket Services
4.4 Market Opportunities
4.4.1 Emerging Economies Seeks More Opportunities for Electric Vehicles
List of Tables
Table 1 Global Electric Vehicle (Ev) Market, by Technology, 2015–2023 (Usd Billion) 27
Table 2 Global Ev Market, by Vehicle Type, 2017–2025 (Usd Billion) 31
Table 3 Global Ev Market, by Region, 2017–2025 (Usd Billion) 33
Table 4 North America Electric Vehicle (Ev) Market by Country, 2017–2025 (Usd Billion) 35
Table 5 North America Ev Market by Technology, 2017–2025 (Usd Billion) 35
Table 6 North America Ev Market by Vehicle Type, 2017–2025 (Usd Billion) 36
Table 7 Us Electric Vehicle (Ev) Market, by Technology, 2017–2025 (Usd Billion) 36
List of Figures
Figure 1 Research Process of Mrfr 15
Figure 2 Top Down & Bottom Up Approach 17
Figure 3 Market Dynamics 19
Figure 4 Impact Analysis: Market Drivers 20
Figure 5 Number of Electric Car on Road in 2016 (Million) 21
Figure 6 Impact Analysis: Market Restraints 22
Figure 7 Porter’s Five Forces Analysis: Electric Vehicle 24
Ask for your specific company profile and country level customization on reports.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar