Global Battery Electric Vehicle Market Is Expected To Represent a Value of Over US$ 150,000 Mn By The End Of 2022
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The global battery electric vehicle market is expected to an impressive growth attributed to surge in demand in the transportation industry. Growing need for vehicles with low maintenance cost and center of gravity is expected to fuel growth of the global market significantly. This Fact.MR report discusses key prospects for growth of global battery electric vehicle marketduring the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies. The scope of the report is to analyze the global battery electric vehicle market for the period 2017-2022 and give readers an accurate, unbiased analysis. Battery electric vehicle manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
Low Risks and Threats During Accidents
The maintenance costs mainly associated with these automotive include maintaining suspension, battery, brakes, and tyres. Demand for the battery electric vehicle is expected to rev up attributed to relatively low risk of threats to body of the vehicle in case of accidents such as collision, fire or explosion. As these electric vehicles are not equipped with the exhaust system, the end users are less dependent on oil products.
Eco-friendly Vehicles with Low Maintenance Cost
With increasing government support for clean energy and environment, the automotive manufacturers continue using green materials for production including old parts of vehicles, plastic bags, second hand home appliances, and recycled water bottles. Leading market players such as the Nissan Motor Corporation prefer producing the paddings, and body of the vehicle with bio-based materials. Moreover, as these vehicles mainly operate on rotors, the end users bear low cost of maintenance. Bound to such factors, the global battery electric vehicle market is expected to witness an impressive growth during the forecast period.
Parallel Hybrid to Represent a Leading Segment
Changing perspective towards the battery electric vehicle has led to surge in demand for vehicles with stored electricity. The stored electricity segment among other power sources is expected to represent a value of over US$ 44,000 Mn by the end of 2022. This segment is expected register the highest CAGR in the global market throughout 2022.
Parallel hybrid as compared to the other types of powertrain is expected to witness the highest revenue growth in the global market. The parallel hybrid segment is expected to represent a value of over US$ 21,000 Mn by the end of 2017. However, combined hybrid is expected to register the highest CAGR in the global market throughout 2022.
Demand for the battery electric vehicle is expected to remain concentrated among the passengers as compared to the other end users. The passenger car segment is expected represent a value of over US$ 33,000 Mn by the end of 2022. Moreover, this segment is expected to register the highest CAGR in the global market throughout 2022.
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Table Of Content:
1. Global Battery Electric Vehicles Market - Executive Summary
2. Global Battery Electric Vehicles Market Overview
2.1.1. Global Battery Electric Vehicles Market Taxonomy
2.1.2. Global Battery Electric Vehicles Market Definition
2.2. Global Battery Electric Vehicles Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Battery Electric Vehicles Market Y-o-Y Growth
2.3. Global Battery Electric Vehicles Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Battery Electric Vehicles Market Analysis and Forecast By Power Source
3.1. Global Battery Electric Vehicles Market Size and Forecast By Power Source, 2012-2022
3.1.1. Stored Electricity Battery Electric Vehicles Market Size and Forecast, 2012-2022
18.104.22.168. Revenue (US$ Mn) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
3.1.2. On Board Electric Generator Battery Electric Vehicles Market Size and Forecast, 2012-2022
188.8.131.52. Revenue (US$ Mn) Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
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