Press release
Asia-Pacific Electric Vehicle Components Market to Reach USD 216.01 Bn by 2026, emerging at a CAGR of 29.9 percent and forecast 2026
Asia-Pacific Electric Vehicle Components Market
The Asia-Pacific Electric Vehicle (EV) Components Market is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 29.9% throughout the forecast period, aiming to achieve a market value of US$ 216.01 billion by 2027.
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Asia-Pacific Electric Vehicle Components Market Research Methodology:
While the future appears promising, challenges lie ahead. EVs are currently relatively expensive, and in several countries, such as India, there is a lack of infrastructure to keep pace with the growing demand. For instance, as of mid-2018, there were only around 100 charging stations across India, primarily concentrated in cities like Bengaluru. This limited infrastructure restricts the use of EVs to short city trips. In contrast, China has heavily invested in electrification infrastructure, planning to build a national network of 100,000 charging stations by 2020.
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What are Asia-Pacific Electric Vehicle Components Market Dynamics:
India & China have both declared plans to ban petrol & diesel vehicles as the new energy vehicle insurgency gathers momentum. India & China are clearly not the first to declare such sweeping changes, the world's two most populated nations have designs on becoming global forerunners in the electrification of vehicles.
Asia-Pacific Electric Vehicle Components Market Regional Insights:
India, with a population of 1.3 billion, aims to transition entirely to EV sales by 2030. The nation is also driving a renewable energy revolution, with plans to establish standards, guidelines, and incentives for EV adoption. India's efforts not only yield environmental benefits but also substantial economic advantages, potentially reducing their oil bill by up to USD 60 billion by 2030. India has announced the rollout of nearly 100,000 battery-powered buses and auto-rickshaws within a few months, bolstering their commitment to a 2030 deadline.
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What is Asia-Pacific Electric Vehicle Components Market Segmentation:
Asia-Pacific Electric Vehicle Components Market, by Components:
• Battery Pack
• Chassis
• Vehicle Body
• Drivetrain
• Others
Asia-Pacific Electric Vehicle Components Market, by Battery:
• Lithium-Ion
• Lead Acid
Asia-Pacific Electric Vehicle Components Market, by Motor Type:
• AC Induction Motor
• Permanent Magnet Motor
• Brushless DC Motor
Asia-Pacific Electric Vehicle Components Market, by End User:
• manufacturers (OEM)
• aftermarket
Who are Asia-Pacific Electric Vehicle Components Market Key Players:
• Samsung SDI Co., Ltd.
• SEG Automotive India Private Limited
• Tata Motors Limited
• Mahindra Electric Mobility Limited
• Avtec Limited
• Denso Corporation
• ABB Group
• Exide Industries Ltd.
• Bosch Limited
• Mitsubishi Electric Corp.
• LG Innotek Co. Ltd.
• Contemporary
• Panasonic Corp.
• Hitachi Ltd.
• BYD Co. Ltd.
• OptimumNano Energy Co. Ltd.
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Table of content for the Asia-Pacific Electric Vehicle Components Market includes:
1. Asia-Pacific Electric Vehicle Components Market: Research Methodology
1. Asia-Pacific Electric Vehicle Components Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Asia-Pacific Electric Vehicle Components Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
1. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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