Press release
Battery Electric Vehicle Market Analysis, by key Players, Type, Application, Region and Growth, Demand Opportunity Future and Forecast 2022 - North America, Latin America, Europe, Japan, APEJ, MEA
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.
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Overtaking digitalization and connectivity, the battery electric vehicle continue to witness significant demand in the automotive industry as compared to the conventional vehicles. Equipped with relatively low center of gravity, the electrical vehicles have a comparatively low chances of rolling over. The electric vehicles are not integrated with equipment including radiators, starter motors, fuel injection system, and expensive exhaust system. As these battery operated vehicles mainly operate on strong rotors, the maintenance cost for these vehicles are relatively low. Further, the electric vehicles are not dependent on the exhaust system as they run on strong rotors. Attributed to such factors, the expenses related to the maintenance of these vehicles continues to remain low in the automotive industry as they are not dependent on the oil products.
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.
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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.
Competitive Tracking
Leading players operating in the global battery electric vehicle market include Bayerische Motormen Werke AG, Daimler AG, Ford Motor Company, General Motors, Honda Motor Company, Limited, Mitsubishi Heavy Industries Ltd, Nissan Motor Corporation, Limited, Renault SA, Tesla Motors, Inc., Toyota Motor Corporation, and Volkswagen AG.
Table of Contents
Global Battery Electric Vehicles Market - Executive Summary
Global Battery Electric Vehicles Market Overview
2.1. Introduction
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
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
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. On Board Electric Generator Battery Electric Vehicles Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
Continued………………………….
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