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Global Electric Vehicle Market Key Players , Growth, Analysis, 2018 鈥?2025
by rsheikh22941 · July 3, 2019
The global electric vehicle components market was estimated to be USD 124.9 billion in 2017 and is projected to reach USD 583.5 billion by the end of 2025, exhibiting a CAGR of 21.3% during the forecast period.
Factors such as favourable government policies and regulations , rise in demand for environment friendly vehicles by the consumers and increased focus of OEM鈥檚 towards the development of technologically advanced components are likely to positively impact the market in the coming years.
Based on component, battery pack segment held the largest share in 2017
Growing demand for electric vehicles are supporting the growth of the battery packs. The battery pack segment has further been bifurcated into Lithium-ion battery, Nickel Metal Hydride Battery and Others. Lithium-ion battery is projected to grow at the highest CAGR during 2018 -2025 due to its characteristics such as safety, life-span, performance , specific energy and specific power
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Asia-Pacific held the largest share in the market in 2017 owing to government support in terms subsides, tax rebates, grants as well as with the improved charging infrastructure. China and Japan are the key countries in the region with highest number of electric vehicle registrations.
Automakers, such as Toyota, Fisker and BMW are investing a lot in the research & development activities of the electric vehicles. These companies are focusing on introducing commercial electric vehicles by 2020. Additionally , the report has also covered profiles of the major companies active in the field, including LG Chem., Panasonic Corporation, Samsung SDI, Automotive Energy Supply Corporation , Infineon Technologies, Mitsubishi Electric Corporation, Bosch, Continental Automotive, Microsemi Corporation , Denso Corporation, GKN PLC
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The research report 鈥済lobal electric vehicle market鈥?provides in-depth analysis of global electric vehicle market based on components and major geographies from the period 2018 to 2025. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for electric vehicle components market. Further, the report also analyses the competitive landscape and the major players and their market share in 2017. The competitive landscape section of the report also captures and states the recent development in the market.
Key questions answered:
1. At what pace is the electric vehicles market growing worldwide? What will be the growth trend in future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the coming years?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global electric vehicles market?
4. What are the various application areas and how they are poised to grow?
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About GMI Research
GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.
GMI Research鈥檚 leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
The company provides syndicated research report, customized research , sales enablement research, data analytics and KPO (knowledge process outsourcing) service for Electronics & Semiconductors, Information Communication and Technology, Energy & Power, Healthcare , Automotive, Transportation & Logistics and Chemical industries.
Our analysts and consultants who are passionate about research and consulting are recruited from renowned local and global universities and have worked with the leading local and international organizations.
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