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Global Vehicle Electrification Market report, market size, share, trends, analysis and forecast to 2028
Vehicle Electrification refers to a vehicle with electrical means of propulsion as well as electricity paying a major role in components functionality. It covers many aspects of electrification in the such as start/stop systems, electric power steering, electric vacuum pump, electric oil pump, and many other accessories which utilize mode of electric propulsion as well as help user to gain improved fuel economy when installing in conventional ICE vehicles.
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By geography, North America is projected to hold the largest market share during the forecast period owin to the growing charging infrastructure and significant investments by OEMs in the development of vehicle electrification. As the US has the presence of major OEMs and Tier I players, adoption of electric components in ICE vehicles, BEVs, HEVs, and PHEVs is very high. Federal tax credits and rebate incentives are accelerating the growth of vehicle electrification market, especially in the US. The US is set to dominate the North American vehicle electrification market, holding the highest market share in the forecast period. Therefore, North America is expected to be the have highest growth rate.
Some of the key players profiled in the Vehicle Electrification Market include Aisin Seiki Co., Ltd., Borgwarner Inc, Continental Ag, Delphi Technologies, Denso Corporation, Ford Motors Company, Friedrichshafen Ag, Hitachi Automotive Systems, Ltd, Honda Motors Co. Ltd, Johnson Electric Holdings Limited, Magna International Inc, Robert Bosch Gmbh, Suzuki Motor Corporation, Toyota Motors Corporation, Volkswagen, and XL Fleet Corp.
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All the customers of this report will be entitled to receive one of the following free customization options:
● Company Profiling
● Comprehensive profiling of additional market players (up to 3)
● SWOT Analysis of key players (up to 3)
● Regional Segmentation
● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
● Competitive Benchmarking
● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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