Electric Vehicles Market Revenue, Forecast, Overview and Key Companies Analysis by 2028
The global Electric Vehicles Market is expected to reach USD 793.24 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed due to the growing environmental awareness among consumers and increasing government initiatives regarding the adoption of Electric Vehicles to reduce the emission levels in the environment. Increasing research and development for the technological advancement of the products is augmenting the demand for the industry.
The report provides detailed insights into Electric Vehicles market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Electric Vehicles market size over the forecast period, 2020–2028. The report includes profiles of major players in the Electric Vehicles market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Global Electric Vehicles market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the Electric Vehicles market.
Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Electric Vehicles market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Electric Vehicles market revenue growth to a significant extent over the forecast period.
Top key vendors in Electric Vehicles Market include are:
- Key participants include Volkswagen Group, Tesla Motors, BYD Company Ltd., Ford Motor Company, Nissan Motor Company, Toyota Motor Corporation, Daimler AG, BMW, Mitsubishi Motors Corporation, and Hyundai, among others.
Emergen Research has segmented the global Electric Vehicles Market on the basis of Product, Vehicle Type, Vehicle Class, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Plug-in hybrid electric vehicle (PHEV)
- Battery electric vehicle (BEV)
- Hybrid electric vehicle (HEV)
- Fuel cell electric vehicle (FCEV)
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
- Commercial Vehicle
- Two wheeler
- Passenger Car
Vehicle Class Outlook (Revenue, USD Billion; 2017-2027)
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Electric Vehicles Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the Electric Vehicles industry
North America Electric Vehicles market revenue growth was relatively higher than that of other regional markets in 2020. North America market revenue is expected to continue to remain dominant over the forecast period, supported majorly by robust presence of major players in countries in the region and expansion of overall economic Electric Vehicles growth strategies and initiatives.
Asia Pacific Electric Vehicles market revenue registered the fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Electric Vehicles market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. Increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries are some key factors driving Electric Vehicles market revenue growth in Asia Pacific.
Europe Electric Vehicles market revenue is expected to continue to remain steady over the forecast period. This can be attributed to changing Electric Vehicles market trends in countries in other major regions and robust focus on research and development initiatives by major firms in the region with the objective to leverage opportunities and drive Electric Vehicles revenue growth.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/79
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Electric Vehicles industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Electric Vehicles market across different regions?
- Who are the major driving forces expected to decide the fate of the Electric Vehicles industry worldwide?
- Who are the prominent market players making a mark in the Electric Vehicles market with their winning strategies?
- Which Electric Vehicles industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Electric Vehicles market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Electric Vehicles Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Electric Vehicles Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Electric Vehicles Market Segmentation & Impact Analysis
4.1. Electric Vehicles Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Electric Vehicles Market indicators analysis
4.2.2. Electric Vehicles Market drivers analysis
126.96.36.199. Rapid urbanization and industrialization
188.8.131.52. Stringent government regulations regarding carbon emissions
184.108.40.206. Increasing prevalence of respiratory diseases
220.127.116.11. Rising need to enhance indoor air quality
4.2.3. Electric Vehicles Market restraints analysis
18.104.22.168. High cost associated with the maintenance of Electric Vehicles products
22.214.171.124. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Electric Vehicles Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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