Electric Vehicles Market Trends, Growth and Forecast Up to 2032

Electric Vehicles Market Trends, Growth and Forecast Up to 2032

Report Format: PDF+Excel | Report ID: SR112025A21881
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1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Electric Vehicles Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    Battery Cells & Packs
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    On-Board Charger
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Fuel Stack
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Charging Type
    7.1    Slow Charging
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Fast Charging
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Propulsion Type
    8.1    Battery Electric Vehicle (BEV)
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Fuel Cell Electric Vehicle (FCEV)
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Plug-In Hybrid Electric Vehicle (PHEV)
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Hybrid Electric Vehicle (HEV)
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Vehicle Type
    9.1    Passenger Vehicles
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Commercial Vehicles
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Others
        9.3.1 Market Trends
        9.3.2 Market Forecast
10  Market Breakup by Region
    10.1    Asia Pacific
        10.1.1 China
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Japan
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
        10.1.3 India
           10.1.3.1 Market Trends
           10.1.3.2 Market Forecast
        10.1.4 South Korea
           10.1.4.1 Market Trends
           10.1.4.2 Market Forecast
        10.1.5 Australia
           10.1.5.1 Market Trends
           10.1.5.2 Market Forecast
        10.1.6 Indonesia
           10.1.6.1 Market Trends
           10.1.6.2 Market Forecast
        10.1.7 Others
           10.1.7.1 Market Trends
           10.1.7.2 Market Forecast
    10.2    Europe
        10.2.1 Norway
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Netherlands
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 Sweden
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 United Kingdom
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 France
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Germany
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    North America
        10.3.1 United States
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 Canada
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
     10.4    Middle East and Africa
        10.4.1 Turkey
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Saudi Arabia
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Iran
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
        10.4.4 United Arab Emirates
           10.4.4.1 Market Trends
           10.4.4.2 Market Forecast
        10.4.5 Others
           10.4.5.1 Market Trends
           10.4.5.2 Market Forecast
    10.5    Latin America
        10.5.1 Brazil
           10.5.1.1 Market Trends
           10.5.1.2 Market Forecast
        10.5.2 Mexico
           10.5.2.1 Market Trends
           10.5.2.2 Market Forecast
        10.5.3 Argentina
           10.5.3.1 Market Trends
           10.5.3.2 Market Forecast
        10.5.4 Colombia
           10.5.4.1 Market Trends
           10.5.4.2 Market Forecast
        10.5.5 Others
           10.5.5.1 Market Trends
           10.5.5.2 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
    12.1    Overview
    12.2    Raw Materials/Components Suppliers
    12.3    Manufacturers
    12.4    Distributors
    12.5    Exporters
    12.6    End-Users
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Bayerische Motoren Werke AG
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    BYD Auto
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
        15.3.3    Chery
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
        15.3.4    Daimler AG
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Ford Motor Company
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Geely
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials
        15.3.7    General Motors
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Honda Motor Company
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
        15.3.9    Hyundai Motor Company
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Nissan
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Renault
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    SAIC Motor
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 
        15.3.13    Tesla Inc. 
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio 
           15.3.13.3 Financials
           15.3.13.4 SWOT Analysis
        15.3.14    Toyota Motor Corporation
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio 
           15.3.14.3 Financials
           15.3.14.4 SWOT Analysis
        15.3.15    Volkswagen            
           15.3.15.1 Company Overview
           15.3.15.2 Product Portfolio 
           15.3.15.3 Financials
           15.3.15.4 SWOT Analysis

List of Figures

Figure 1: Global: Electric Vehicles Market: Major Drivers and Challenges
Figure 2: Global: Electric Vehicles Market: Sales Volume (in Million Units), 2018-2023
Figure 3: Global: Electric Vehicles Market: Breakup by Component (in %), 2023
Figure 4: Global: Electric Vehicles Market: Breakup by Charging Type (in %), 2023
Figure 5: Global: Electric Vehicles Market: Breakup by Propulsion Type (in %), 2023
Figure 6: Global: Electric Vehicles Market: Breakup by Vehicle Type (in %), 2023
Figure 7: Global: Electric Vehicles Market: Breakup by Region (in %), 2023
Figure 8: Global: Electric Vehicles Market Forecast: Sales Volume (in Million Units), 2024-2032
Figure 9: Global: Electric Vehicles (Battery Cells & Packs) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 10: Global: Electric Vehicles (Battery Cells & Packs) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 11: Global: Electric Vehicles (On-Board Charger) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 12: Global: Electric Vehicles (On-Board Charger) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 13: Global: Electric Vehicles (Fuel Stack) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 14: Global: Electric Vehicles (Fuel Stack) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 15: Global: Electric Vehicles (Slow Charging) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 16: Global: Electric Vehicles (Slow Charging) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 17: Global: Electric Vehicles (Fast Charging) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 18: Global: Electric Vehicles (Fast Charging) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 19: Global: Electric Vehicles (Battery Electric Vehicle) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 20: Global: Electric Vehicles (Battery Electric Vehicle) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 21: Global: Electric Vehicles (Fuel Cell Electric Vehicle) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 22: Global: Electric Vehicles (Fuel Cell Electric Vehicle) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 23: Global: Electric Vehicles (Plug-In Hybrid Electric Vehicle) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 24: Global: Electric Vehicles (Plug-In Hybrid Electric Vehicle) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 25: Global: Electric Vehicles (Hybrid Electric Vehicle) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 26: Global: Electric Vehicles (Hybrid Electric Vehicle) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 27: Global: Electric Vehicles (Passenger Vehicles) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 28: Global: Electric Vehicles (Passenger Vehicles) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 29: Global: Electric Vehicles (Commercial Vehicles) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 30: Global: Electric Vehicles (Commercial Vehicles) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 31: Global: Electric Vehicles (Other Vehicle Types) Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 32: Global: Electric Vehicles (Other Vehicle Types) Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 33: Asia Pacific: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 34: Asia Pacific: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 35: China: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 36: China: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 37: Japan: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 38: Japan: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 39: India: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 40: India: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 41: South Korea: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 42: South Korea: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 43: Australia: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 44: Australia: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 45: Indonesia: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 46: Indonesia: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 47: Others: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 48: Others: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 49: Europe: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 50: Europe: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 51: Norway: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 52: Norway: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 53: Netherlands: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 54: Netherlands: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 55: Sweden: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 56: Sweden: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 57: United Kingdom: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 58: United Kingdom: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 59: France: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 60: France: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 61: Germany: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 62: Germany: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 63: Others: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 64: Others: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 65: North America: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 66: North America: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 67: United States: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 68: United States: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 69: Canada: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 70: Canada: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 71: Middle East and Africa: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 72: Middle East and Africa: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 73: Turkey: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 74: Turkey: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 75: Saudi Arabia: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 76: Saudi Arabia: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 77: Iran: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 78: Iran: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 79: United Arab Emirates: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 80: United Arab Emirates: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 81: Others: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 82: Others: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 83: Latin America: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 84: Latin America: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 85: Brazil: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 86: Brazil: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 87: Mexico: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 88: Mexico: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 89: Argentina: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 90: Argentina: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 91: Colombia: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 92: Colombia: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 93: Others: Electric Vehicles Market: Sales Volume (in ‘000 Units), 2018 & 2023
Figure 94: Others: Electric Vehicles Market Forecast: Sales Volume (in ‘000 Units), 2024-2032
Figure 95: Global: Electric Vehicles Industry: SWOT Analysis
Figure 96: Global: Electric Vehicles Industry: Value Chain Analysis
Figure 97: Global: Electric Vehicles Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Electric Vehicles Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Electric Vehicles Market Forecast: Breakup by Component (in ‘000 Units), 2024-2032
Table 3: Global: Electric Vehicles Market Forecast: Breakup by Charging Type (in ‘000 Units), 2024-2032
Table 4: Global: Electric Vehicles Market Forecast: Breakup by Propulsion Type (in ‘000 Units), 2024-2032
Table 5: Global: Electric Vehicles Market Forecast: Breakup by Vehicle Type (in ‘000 Units), 2024-2032
Table 6: Global: Electric Vehicles Market Forecast: Breakup by Region (in ‘000 Units), 2024-2032
Table 7: Global: Electric Vehicles Market: Competitive Structure
Table 8: Global: Electric Vehicles Market: Key Players
 

Electric Vehicles Market Trends, Growth and Forecast Up to 2032
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Our process begins with a careful analysis of your particular needs and business goals. We then carry out rigorous research and due diligence to identify the distributors that have market reach and the capability to manage your product lines effectively. Our thorough vetting process involves the distributors' background checks and performance history reviews to ensure that they meet industry standards and have a proven track record.

Also, we ensure compliance with the relevant legislation and regulations to avoid legal issues that may affect the functioning of the company. Once potential distributors are identified, we organize business meetings, as well as handle all logistics to facilitate productive discussions. We provide continuous support throughout the partnership, including performance monitoring and logistics coordination, to ensure the success and optimization of your distribution networks in the long run.

Yes, our factory audit services provide a systematic and thorough evaluation of your plant's performance across various critical parameters. Our experienced auditors utilize industry best practices to conduct detailed inspections, focusing on safety, quality, efficiency, compliance, and sustainability.

Our audits assess safety protocols to ensure a secure working environment, evaluate quality standards to enhance product satisfaction and optimize processes to increase productivity and reduce costs. Compliance checks ensure adherence to relevant regulations, mitigating legal risks, and our sustainability assessments recommend eco-friendly practices to minimize environmental impact.

Our holistic approach delivers actionable insights through detailed audit reports, offering clear recommendations for continuous improvement. By partnering with us, you gain valuable insights into your plant's operations, enabling you to drive enhancements, achieve operational excellence, and maintain a competitive edge.

Yes, our contract manufacturer identification services are designed to assist businesses in navigating the complex landscape of contract manufacturing. We start by defining the ideal contract manufacturer through in-depth discussions with our clients, followed by extensive research to identify potential candidates.

Once potential manufacturers are identified, we conduct a rigorous evaluation and vetting process to ensure they meet high standards of quality, reliability, and compliance with relevant regulations. Our team handles the pre-screening process, arranging meetings between our clients and interested candidates, and managing all logistics to facilitate productive discussions.

We have strict performance monitoring and quality control checks to ensure the manufacturers remain at par with your expectations and contribute positively to your business throughout the partnership lifecycle. Through our expertise and extensive network, we ensure that you partner with capable and credible contract manufacturers, who help you drive efficiency, quality, and growth in your production processes.

IMARC Group offers a comprehensive suite of marketing and sales services dedicated to helping businesses increase revenues and effectively sell products. Our performance marketing services focus on data-driven campaigns that maximize return on investment, utilizing programmatic advertising and retargeting techniques to reach the right audience at the right time. We enhance your online presence through SEO and SMO, driving organic traffic and improving your digital footprint.

The lead generation strategies we use target high-quality quality leads that convert into loyal clients, while our brand promotion strategies including influencer marketing and creative designing enhance the visibility and credibility of your brand. Our social media management services assist you in engaging with your audience, establishing relationships with them, and driving conversions through targeted campaigns.

By partnering with IMARC Group, you benefit from our approach that is tailored to your business needs and unique objectives. Our strategies cover all aspects of digital marketing so that you can reach your target audience consistently, along with our ongoing support and optimization to keep your campaigns effective and relevant. Our cutting edge and performance driven marketing services help you gain the competitive advantage and ensure long-term success.