Global and Regional Electric Vehicle Market Analysis by Top Key Players - BMW Group, Ford Motor Company, Tesla, Nissan Motor Corporation, FCA Fiat Chrysler Automobiles, BYD, Toyota Motor Corporation, American Honda Motor Company, Inc., Hyundai Motor Ameri
The global electric vehicle market is expected to progress at 20.95% of CAGR over the forecasting period of 2019 to 2027. Some of the factors that are responsible for driving the electric vehicle market are attractive government policies to advertise the use of electric vehicles, cost-effectiveness of electric vehicles over their oil and gas counterparts, greenhouse gas emissions and increasing per capita income.
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The global electric vehicle market is segmented on the basis of vehicle type, power source and technology. The vehicle type segment is divided into commercial vehicles, passenger cars, two-wheelers and other vehicles. The power source segment consists of stored electricity and onboard electricity generator. The technology segment is further classified into hybrid electric vehicle, battery electric vehicle, and plug-in hybrid electric vehicle.
The major challenges faced by the electric vehicle market globally are the performance issues and lack of public awareness. The increase in the production capacities of lithium-ion battery, government proposals to control greenhouse gases and increased research & development expenditure are some of the top development factors for electric vehicles market.
North America, Europe, Asia-Pacific and rest of the world are the regions mentioned in the global electric vehicle market. The Asia Pacific leads the global electric vehicle market, accounting for the largest market share and is also the fastest growing region over the forecasting years. The market is growing rapidly, owing to the governments' initiative to the adoption of electric vehicles due to the continuous rise in the CO2 emissions.
Asia is the most popular region for the growth of electronic vehicles with China as the most significant global player. Other Asian countries such as South Korea and Japan along with China have been major battery providers. Increase demand from India for the electric vehicles has also contributed towards the growth of this regional market. However, the global industry is also subjected to some restraints such as high product price. Electric vehicles are highly priced and are not affordable by each consumer, especially in the countries with lower economic growth. Moreover, the maintenance of the electric bikes is costly and requires frequent charging and changing of batteries. Some battery related issues also include lead emissions from few batteries and the energy storage systems, are some of the factors restraining the market growth.
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Table Of Content
1. Electric Vehicle Market - Summary
2. Industry Outlook
3. Electric Vehicle Industry Outlook - By Vehicle Type
3.1. Commercial Vehicles
3.2. Passenger Cars
3.3. Two Wheelers
3.4. Other Vehicles
4. Electric Vehicle Industry Outlook -By Power Source
4.1. Stored Electricity
4.2. On Board Electricity Generator
5. Electric Vehicle Industry Outlook -By Technology
5.1. Hybrid Electric Vehicle
5.2. Battery Electrical Vehicles
5.3. Plug-In Hybrid Electrical Vehicle
6. Electric Vehicle Industry - Regional Outlook
7. Competitive Landscape
8. Methodology & Scope
The global electric vehicle industry constitutes of many international and domestics players. Top companies in the market include
o Bayerische Motoren Werke AG
o Ford Motor Company
o Nissan Motor Co., Ltd.
o Fiat Chrysler Automobiles N.V
o BYD Company Ltd.
o Toyota Industries Corporation
o Groupe PSA
o Hyundai Motor
o Honda Motor Company
o General Motors Company
o Volkswagen AG
o Daimler AG
o Tesla Motors, Inc.
o Zhejiang Geely Holding Group
The detailed information of these companies, along with its market share position is provided in the report.
Global Floating Power Plant Market 2019-2027
The global floating power plant industry is expected to make progressive growth at a CAGR of 10.08% during the forecast period 2019-2027. Market drivers like advantages over land-based power plants, expanding interest for clean energy, rising interest for power and restricted accessibility of land result in the establishment of new limit, are anticipated to drive the market growth across the globe.
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