e-SUVs Market Trends and Forecasts: Size and Share Analysis.

Meticulous Research®-a leading global market research firm-has published an extensive report titled, 'e-SUVs Market by Propulsion (Battery Electric SUV, Hybrid SUV), Size (Compact SUV, Mid-Size SUV, Full-Size SUV), Power Output (Less Than 150 KW, 150 KW to 250 KW, More than 250 KW), Geography - Global Forecast to 2031.'

As per the latest report by Meticulous Research®, the global e-SUVs market is expected to achieve $914.2 billion by 2031, growing at a CAGR of 16.2% from 2024 to 2031. The growth is driven by the adoption of compact e-SUVs, favorable government policies, and stringent emission regulations. Increased investment from leading automotive OEMs is anticipated to further boost market expansion. However, high e-SUV prices and limited charging infrastructure in developing countries may challenge market growth.

To gain more insights into the market with a detailed table of content and figures, click here@ https://www.meticulousresearch.com/product/e-suvs-market-5958

Market Segmentation
The report segments the e-SUVs market by propulsion type, size, and power output. It also provides detailed regional market analysis and evaluates key competitors.

Propulsion Type
The market is segmented into battery-electric SUVs and hybrid SUVs. Battery-electric SUVs are projected to dominate with over 64% market share in 2024. This dominance is due to stringent global emission regulations, growing demand for fuel-efficient vehicles, a shift towards eco-friendly transportation, and expanding charging infrastructure.
The hybrid SUVs segment is anticipated to experience the highest CAGR. The segment's growth is driven by investments in hybrid vehicle powertrains, enhanced fuel efficiency, lower running costs compared to conventional vehicles, reduced emissions, and improved performance.

Size
The market is divided into compact SUVs, mid-size SUVs, and full-size SUVs. Mid-size SUVs are expected to capture over 42% of the market share in 2024. They offer a balance between compact and full-size options, providing better handling, fuel efficiency, and suitability for city driving.
The compact SUVs segment is expected to grow at the highest CAGR. Factors driving this growth include fuel efficiency, versatility, advanced safety features, and rising consumer preference. Automotive manufacturers are focusing on launching compact electric SUVs with advanced features.

Buy Now@ https://www.meticulousresearch.com/Checkout/34497751

Power Output
The e-SUV market is segmented into Less Than 150 KW, 150 KW to 250 KW, and More than 250 KW. The 150 KW to 250 KW segment is expected to hold over 53% of the market share in 2024. This segment's significant share is driven by increased adoption of electric SUVs, government investments in charging infrastructure, and favorable policies and incentives.

The 150 KW to 250 KW segment is also forecasted to grow at the highest CAGR. Growth in this segment is attributed to the focus of leading players on developing e-SUVs with power outputs in this range.

Geography
The market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Asia-Pacific is expected to hold over 56% of the global e-SUV market share in 2024. This is due to supportive government policies, tax incentives, regulations promoting EV adoption, and growing consumer demand for fuel-efficient vehicles.
Asia-Pacific is also expected to record the highest CAGR of over 19% during the forecast period. The growth is driven by increased investments in EV charging infrastructure, technological advancements, and expanded production capacity.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5958

Key Questions Answered in the Report:
• Which are the high-growth market segments based on propulsion type, size, and power output?
• What was the historical market for e-SUVs?
• What are the market forecasts and estimates for the period 2024-2031?
• What are the major drivers, restraints, and opportunities in the e-SUVs market?
• Who are the major players, and what shares do they hold in the e-SUVs market?
• What is the competitive landscape in the e-SUVs market?
• What are the recent developments in the e-SUVs market?
• What are the different strategies adopted by the major players in the e-SUVs market?
• What are the important geographic trends, and which are the fastest-growing countries?
• Who are the local emerging players in the global e-SUVs market, and how do they compete with existing players?

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email-
sales@meticulousresearch.com
Visit Our Website:
https://www.meticulousresearch.com/
Connect with us on LinkedIn-
https://www.linkedin.com/company/meticulous-research

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

This release was published on openPR.