Electric Mobility Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	200 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185687

Best Price Guarantee
Price	from $4,850
Length	200 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185687

Electric Mobility Market

Growth Factors of Electric Mobility Market

The electric mobility market size was valued at USD 435.16 billion in 2023, and the market is now projected to grow from USD 551.57 billion in 2024 to USD 4,364.85 billion by 2032, exhibiting a CAGR of 29.9% during the forecast period of 2024-2032.

Due to government initiatives and incentives along with tax reductions, the COVID-19 pandemic contributed to the electric mobility market growth worldwide. Europe and China experienced a high growth rate in volumes of EV sales, Europe effectively doubled the sales figures of 2020 due to EU policy measures. The IEA pointed out that, overall global EV registrations increased by 41% in 2020 and stood at more than 3 million.

The shift towards emission-free vehicles is due to stringent emission norms worldwide and scrappage policies affecting fossil fuel-based vehicles. This is due to existing and potential issues associated with traditional cars that compel users to consider buying electric ones. These factors are also expected to significantly increase the adoption of electric vehicles and thereby electric mobility market share throughout the forecast period.

In furtherance, the electrification of micro-mobility due to disrupted public transport, environmental impacts and social distancing, tends to grow long-term. E-bikes and e-scooters are ideal for short distances, the above trend is complemented by increasing fuel prices and emission standards. Governments as well as automakers want the market of electric two-wheelers and this is why brands such as Ola have launched the S1 X range.

Comprehensive Analysis of Electric Mobility Market

The electric mobility market and the automotive industry are growing exponentially because of market segmentation. This market expansion offers a comprehensive regional analysis based on the supply and demand forces prevalent in the electric vehicle market. These segmentations are systematically separated by product, by voltage and by battery. The product include, Electric Car, Electric Motorcycle, Electric Scooter, Electric Bike and Others. The voltage include, Less than 24V, 24V, 36V, 48V and Greater than 48V. The battery include, Sealed Lead Acid, NiMH and Li-ion.

Asia Pacific headed the global electric mobility market with a market size of USD 216.67 billion in 2023, this shall be majorly informed by the high uptake of EVs in China. According to the IEA, China saw an increase in EV sales by 36% in 2023. Increased market share of electric vehicles in the Asia Pacific region’s nations including India, South Korea and Japan are predicted to boost this market further.

The leading players in the market directly influence the automotive industry by ensuring the industrial prospectus growth and determining the market trends. Such players included, Tesla Inc. (California, U.S.), Nissan Motor Corporation (Yokohama, Japan), BMW MOTORRAD (Munich, Germany), General Motors Company (Michigan, U.S.), Honda Motor Company, Ltd. (Tokyo, Japan), BYD Company Ltd. (Shenzhen, China), Accell Group (Heerenveen, Netherlands), Volkswagen AG (Wolfsburg, Germany), Zero Motorcycles, Inc. (California, U.S.) and Ford Motor Company (Michigan, U.S.). These market players contribute to a level-playing competitive environment.

In January 2024, Tesla declared that it would produce an inexpensive robotaxi and an electric car model that cost USD 25000 based on the same architecture in 2025. The model includes an entry-level car to directly compete with inexpensive gasoline automobiles and many cheap new EVs, including BYD.

Segmentation Table

Global Electric Mobility Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 29.9% (2024-2032)

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Product, Voltage, Battery, and Region

By Product - Electric Car

- Electric Motorcycle

- Electric Scooter

- Electric Bike

- Others

By Voltage - Less than 24V

- 24V

- 36V

- 48V

- Greater than 48V

By Battery - Sealed Lead Acid

- Li-ion

- NiMH

By Region - North America (By Product, By Voltage, and By Battery)

U.S. (By Product)
Canada (By Product)
Mexico (By Product)

- Europe (By Product, By Voltage, and By Battery)

U.K. (By Product )
Germany (By Product)
France (By Product)
Rest of Europe (By Product)

- Asia Pacific (By Product, By Voltage, and By Battery)

China (By Product)
India (By Product)
Japan (By Product)
South Korea (By Product)
Rest of Asia Pacific (By Product)

- Rest of World (By Product, By Voltage, and By Battery)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Porter’s Five Forces Analysis; 4.2. SWOT Analysis; 4.3. Technological Developments; 4.4. Distribution of Electric Mobility Market - In Value; 4.5. Impact of COVID-19
5. Global Electric Mobility Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Analysis, Insights and Forecast – By Product; 5.2.1. Electric Car; 5.2.2. Electric Motorcycle; 5.2.3. Electric Scooter; 5.2.4. Electric Bike; 5.2.5. Others; 5.3. Market Analysis, Insights and Forecast – By Voltage; 5.3.1. Less than 24V; 5.3.2. 24V; 5.3.3. 36V; 5.3.4. 48V; 5.3.5. Greater than 48V; 5.4. Market Analysis, Insights and Forecast – By Battery; 5.4.1. Sealed Lead Acid Battery; 5.4.2. Li-Ion Battery; 5.4.3. NiMH Battery; 5.5. Market Analysis, Insights and Forecast – By Region; 5.5.1. North America; 5.5.2. Europe; 5.5.3. Asia Pacific; 5.5.4. Rest of the World
6. North America Electric Mobility Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Analysis, Insights and Forecast – By Product; 6.2.1. Electric Car; 6.2.2. Electric Motorcycle; 6.2.3. Electric Scooter; 6.2.4. Electric Bike; 6.2.5. Others; 6.3. Market Analysis, Insights and Forecast – By Voltage; 6.3.1. Less than 24V; 6.3.2. 24V; 6.3.3. 36V; 6.3.4. 48V; 6.3.5. Greater than 48V; 6.4. Market Analysis, Insights and Forecast – By Battery; 6.4.1. Sealed Lead Acid Battery; 6.4.2. Li-Ion Battery; 6.4.3. NiMH Battery; 6.5. Market Analysis, Insights and Forecast – By Country; 6.5.1. United States; 6.5.1.1. By Product; 6.5.2. Canada; 6.5.2.1. By Product; 6.5.3. Mexico; 6.5.3.1. By Product
7. Europe Electric Mobility Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Analysis, Insights and Forecast – By Product; 7.2.1. Electric Car; 7.2.2. Electric Motorcycle; 7.2.3. Electric Scooter; 7.2.4. Electric Bike; 7.2.5. Others; 7.3. Market Analysis, Insights and Forecast – By Voltage; 7.3.1. Less than 24V; 7.3.2. 24V; 7.3.3. 36V; 7.3.4. 48V; 7.3.5. Greater than 48V; 7.4. Market Analysis, Insights and Forecast – By Battery; 7.4.1. Sealed Lead Acid Battery; 7.4.2. Li-Ion Battery; 7.4.3. NiMH Battery; 7.5. Market Analysis, Insights and Forecast – By Country; 7.5.1. United Kingdom; 7.5.1.1. By Product; 7.5.2. Germany; 7.5.2.1. By Product; 7.5.3. France; 7.5.3.1. By Product; 7.5.4. Rest of Europe; 7.5.4.1. By Product
8. Asia Pacific Electric Mobility Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Analysis, Insights and Forecast – By Product; 8.2.1. Electric Car; 8.2.2. Electric Motorcycle; 8.2.3. Electric Scooter; 8.2.4. Electric Bike; 8.2.5. Others; 8.3. Market Analysis, Insights and Forecast – By Voltage; 8.3.1. Less than 24V; 8.3.2. 24V; 8.3.3. 36V; 8.3.4. 48V; 8.3.5. Greater than 48V; 8.4. Market Analysis, Insights and Forecast – By Battery; 8.4.1. Sealed Lead Acid Battery; 8.4.2. Li-Ion Battery; 8.4.3. NiMH Battery; 8.5. Market Analysis, Insights and Forecast – By Country; 8.5.1. China; 8.5.1.1. By Product; 8.5.2. India; 8.5.2.1. By Product; 8.5.3. Japan; 8.5.3.1. By Product; 8.5.4. South Korea; 8.5.4.1. By Product; 8.5.5. Rest of Asia Pacific; 8.5.5.1. By Product
9. Rest of the World Electric Mobility Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. Market Analysis, Insights and Forecast – By Product; 9.2.1. Electric Car; 9.2.2. Electric Motorcycle; 9.2.3. Electric Scooter; 9.2.4. Electric Bike; 9.2.5. Others; 9.3. Market Analysis, Insights and Forecast – By Voltage; 9.3.1. Less than 24V; 9.3.2. 24V; 9.3.3. 36V; 9.3.4. 48V; 9.3.5. Greater than 48V; 9.4. Market Analysis, Insights and Forecast – By Battery; 9.4.1. Sealed Lead Acid Battery; 9.4.2. Li-Ion Battery; 9.4.3. NiMH Battery
10. Competitive Analysis: 10.1. Key Industry Developments; 10.2. Global Market Ranking Analysis (2023); 10.3. Competition Dashboard; 10.4. Comparative Analysis – Major Players; 10.5. Company Profiles; 10.5.1. Tesla Inc. (California, US); 10.5.1.1. Overview; 10.5.1.2. Products & Services; 10.5.1.3. SWOT Analysis; 10.5.1.4. Recent Developments; 10.5.1.5. Strategies; 10.5.1.6. Financials (Based on Availability); 10.5.2. Nissan Motor Corporation (Yokohama, Japan); 10.5.2.1. Overview; 10.5.2.2. Products & Services; 10.5.2.3. SWOT Analysis; 10.5.2.4. Recent Developments; 10.5.2.5. Strategies; 10.5.2.6. Financials (Based on Availability); 10.5.3. BMW MOTORRAD (Munich, Germany); 10.5.3.1. Overview; 10.5.3.2. Products & Services; 10.5.3.3. SWOT Analysis; 10.5.3.4. Recent Developments; 10.5.3.5. Strategies; 10.5.3.6. Financials (Based on Availability); 10.5.4. General Motors Company (Michigan, US); 10.5.4.1. Overview; 10.5.4.2. Products & Services; 10.5.4.3. SWOT Analysis; 10.5.4.4. Recent Developments; 10.5.4.5. Strategies; 10.5.4.6. Financials (Based on Availability); 10.5.5. Honda Motor Company, Ltd. (Tokyo, Japan); 10.5.5.1. Overview; 10.5.5.2. Products & Services; 10.5.5.3. SWOT Analysis; 10.5.5.4. Recent Developments; 10.5.5.5. Strategies; 10.5.5.6. Financials (Based on Availability); 10.5.6. BYD Company Ltd. (Shenzhen, China); 10.5.6.1. Overview; 10.5.6.2. Products & Services; 10.5.6.3. SWOT Analysis; 10.5.6.4. Recent Developments; 10.5.6.5. Strategies; 10.5.6.6. Financials (Based on Availability); 10.5.7. Accell Group (Heerenveen, Netherlands); 10.5.7.1. Overview; 10.5.7.2. Products & Services; 10.5.7.3. SWOT Analysis; 10.5.7.4. Recent Developments; 10.5.7.5. Strategies; 10.5.7.6. Financials (Based on Availability); 10.5.8. Volkswagen AG (Wolfsburg, Germany); 10.5.8.1. Overview; 10.5.8.2. Products & Services; 10.5.8.3. SWOT Analysis; 10.5.8.4. Recent Developments; 10.5.8.5. Strategies; 10.5.8.6. Financials (Based on Availability); 10.5.9. Zero Motorcycles, Inc. (California, US); 10.5.9.1. Overview; 10.5.9.2. Products & Services; 10.5.9.3. SWOT Analysis; 10.5.9.4. Recent Developments; 10.5.9.5. Strategies; 10.5.9.6. Financials (Based on Availability); 10.5.10. Ford Motor Company (Michigan, US.); 10.5.10.1. Overview; 10.5.10.2. Products & Services; 10.5.10.3. SWOT Analysis; 10.5.10.4. Recent Developments; 10.5.10.5. Strategies; 10.5.10.6. Financials (Based on Availability)