Press release
Electric Vehicle Market Size to showcase 25% CAGR between 2018-2024
According to the global Electric Vehicle Market report published by Value Market Research, the market is expected to touch USD 450 BN by 2024, with a CAGR of 25% growing from USD 100 BN in 2017. This is a tailored made research service providing informative data and various critical aspects of the market such as market outlook, market share, growth, and trends. Further, the report also offers evidence-based information that helps to transform clients business and achieve their business goals. Moreover, the report also highlights the key strategy of top players. Additionally, this report covers a wide spectrum of services such as the latest technology trend, market opportunity analysis, and competitive landscape.The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the electric vehicle market include Bayerische Motoren Werke Aktiengesellschaft, BYD Company Limited, Daimler AG, Energica Motor Company S.p.A., Ford Motor Company, General Motor Company, Nissan Motor Co. Ltd, Tesla, Inc., Toyota Motor Corporation and Volkswagen AG. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Get more information on "Global Electric Vehicle Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/electric-vehicle-market/download-sample
Market Dynamics
The electric vehicle market is growing at a faster pace owing to rising oil depletion coupled with increasing fuel prices are the major factor driving the demand for electric vehicles. Rising environmental concern and favorable governmental support by reducing registration tax to promote the production of low emission vehicles are further fueling the market growth. Growing need of fuel-efficient vehicles is pushing the market growth uphill.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of electric vehicle.
Browse Global Electric Vehicle Market Research Report with detailed TOC at https://www.valuemarketresearch.com/report/electric-vehicle-market
Market Segmentation
The broad electric vehicle market has been sub-grouped into type and vehicle type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-In Hybrid Electric Vehicles
By Vehicle Type
• Two Wheeler
• Passenger Car
• Commercial Vehicles
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for the electric vehicle in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Purchase complete Global Electric Vehicle Market Research Report at https://www.valuemarketresearch.com/contact/electric-vehicle-market/buy-now
About Us:
Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information.
We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.
Contact:
Value Market Research
401/402, TFM, Nagras Road, Aundh, Pune-7.
Maharashtra, INDIA.
Tel: +1-888-294-1147
Email: sales@valuemarketresearch.com
Website: https://www.valuemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Vehicle Market Size to showcase 25% CAGR between 2018-2024 here
News-ID: 1318312 • Views: …
More Releases from Value Market Research

Organic Baby Food Market Size Set to Reach $10.37 Billion by 2032
The global demand for the organic baby food market size is projected to surge significantly, with expectations of reaching a market size of approximately USD 10.37 billion by 2032, up from USD 4.73 billion in 2023. This growth represents a robust compound annual growth rate (CAGR) of 9.12% during the study period from 2024 to 2032. Factors driving this demand include increasing health consciousness among parents, a rising preference for…

Capsule Hotel Market Size Expected to Reach USD 5.38 Billion by 2032
The global Capsule Hotel Market Size is projected to experience significant growth, with an anticipated market size of approximately USD 5,384.51 million by 2032, up from USD 2,170.92 million in 2023. This growth represents a robust compound annual growth rate (CAGR) of 10.62% over the study period from 2024 to 2032. This surge in demand can be attributed to the increasing popularity of budget-friendly and space-efficient accommodation options among travelers,…

Terpenes Market Size Hits USD 518.84 Million in 2023, Projected to Grow at 5.47% …
The global terpenes market size was valued at USD 518.84 million in 2023 and is poised for significant growth over the next decade. Driven by increasing demand across various industries such as pharmaceuticals, cosmetics, and food and beverages, the market is projected to expand at a compound annual growth rate (CAGR) of 5.47% between 2024 and 2032. In terms of volume, the global terpenes market accounted for 108,036.67 tons in…

Optical Coating Market Size Hits USD 50.81 Billion by 2032, Driven by 10.2% CAGR
The global demand for the optical coating market size is projected to experience significant growth, with the market size expected to reach nearly USD 50.81 billion by 2032, up from USD 21.2 billion in 2023. This represents a compound annual growth rate (CAGR) of 10.2% over the forecast period from 2024 to 2032. Optical coatings, which enhance the transmission, reflection, and absorption properties of optical components, are becoming increasingly important…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…