e-SUV Market
Growth Factors of e-SUV Market
The e-SUV Market size was valued at USD 208.50 billion in 2023. The market is projected to grow from USD 223.06 billion in 2024 to USD 617.57 billion by 2032, exhibiting a CAGR of 13.6% during the forecast period of 2024-2032.
The COVID-19 pandemic caused great disruptions within the e-SUV marketplace, with manufacturing halts, deliver chain interruptions, and reduced customer call for. Many automakers confronted troubles sourcing key components like semiconductors and batteries, primary to now not on time launches. However, as economies began to get better, the decision for for inexperienced vehicles surged, driven by growing attention of environmental troubles. Governments international moreover delivered stimulus applications and incentives to guide the electric vehicle (EV) organisation, assisting the marketplace rebound quicker. The pandemic ultimately improved the shift toward sustainable mobility, positioning e-SUVs as a key player inside the publish-pandemic automobile landscape.
A exquisite style within the e-SUV market is the upward thrust of fast-charging infrastructure. Automakers and power agencies are taking part to increase the community of extremely-speedy charging stations, making electric powered SUVs greater sensible for long-distance journey. This trend addresses one of the number one troubles of capability EV buyers—range anxiety. Companies like Tesla, BMW, and Volkswagen are foremost this shift via making an investment closely in excessive-powered chargers that can refill battery degrees within mins. This infrastructure increase is making e-SUVs more handy, assisting them compete with conventional inner combustion engine automobiles.
Government rules and incentives are essential using factors inside the e-SUV marketplace. Countries throughout Europe, the U.S., and Asia are tightening emission requirements and providing subsidies for electric vehicle purchases. This is pushing automakers to focus on expanding their electric SUV portfolios to meet the growing call for. Financial incentives, which include tax rebates, 0-emission zones, and lower registration fees, are encouraging purchasers to exchange to electric powered motors. Additionally, stringent emissions goals are pushing conventional car manufacturers to hurry up their transition to EVs, contributing to the growing availability and reputation of e-SUVs.
Comprehensive Analysis of e-SUV Market
The e-SUV Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by propulsion, by size, by driving , by component. By Propulsion include BEV, HEV .By Size include Compact ,Mid-Size, Full- Size. By Driving include Range Upto 150 km, 150 to 300 km ,Above 300 km. By Components include Body ,Chassis ,Powertrain ,Up to 20 kW ,20 to 100 kW ,Above 100 kW ,Battery, electronics , Others.
The Asia Pacific region lead the e-SUV Market share by benefitting a market size of USD 106.84 billion due to the government's rising initiatives to increase the manufacturing and sales of e-SUVs.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
January 2024, Vietnam-primarily based electric powered vehicle (EV) employer VinFast Auto, which is gearing up to go into the Indian market in the 2nd half of of this yr, can be establishing its vehicle manufacturing facility at a four hundred-acre web site at Thoothukudi, Tamil Nadu. The organization has deliberate an funding of USD 2 billion and could have a potential of 1.Five lakh gadgets in line with annum.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 13.6% from 2024 to 2032
Unit Value (USD Billion) & Volume (Thousand Units)
Segmentation By Propulsion
- BEV
- HEV
- Compact
- Mid-Size
- Full- Size
- Upto 150 km
- 150 to 300 km
- Above 300 km
- Body
- Chassis
- Powertrain
- ICE
- Motor
- Up to 20 kW
- 20 to 100 kW
- Above 100 kW
- Battery
- Upto 10 kWh
- 10 to 30 KWh
- 30 to 60 kWh
- Above 60 KWh
- Electronics
- Others
- North America (By Propulsion, By Size, By Driving Range & By Components)
- U.S. (By Propulsion)
- Canada (By Propulsion)
- Mexico (By Propulsion)
- Europe ( By Propulsion, By Size, By Driving Range & By Components )
- UK (By Propulsion)
- Germany (By Propulsion)
- France (By Propulsion)
- Rest of Europe (By Propulsion)
- Asia Pacific ( By Propulsion, By Size, By Driving Range & By Components)
- China (By Propulsion)
- Japan (By Propulsion)
- India (By Propulsion)
- South Korea (By Propulsion)
- Rest of Asia Pacific (By Propulsion)
- Rest of the World ( By Propulsion, By Size, By Driving Range & By Components )
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 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
- 3.4. Market Trend
- 4. Key Insights
- 4.1. Key Industry Developments – Mergers, Acquisitions, and Partnerships
- 4.2. Porter’s Five Forces Analysis
- 4.3. Technological Developments
- 4.4. COVID-19 Impact
- 5. Global e-SUV Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Definitions
- 5.2. Market Analysis, Insights and Forecast – By Propulsion
- 5.2.1. BEV
- 5.2.2. HEV
- 5.3. Market Analysis, Insights and Forecast – By Size
- 5.3.1. Compact
- 5.3.2. Mid-Size
- 5.3.3. Full-Size
- 5.4. Market Analysis, Insights and Forecast – By Driving Range
- 5.4.1. Upto 150 Km
- 5.4.2. 150 to 300 Km
- 5.4.3. Above 300 Km
- 5.4.4. Rear Seat Entertainment
- 5.5. Market Analysis, Insights and Forecast – By Components
- 5.5.1. Body
- 5.5.2. Chassis
- 5.5.3. Powertrain
- 5.5.3.1. ICE
- 5.5.3.2. Motor
- 5.5.3.2.1. Up to 20 kW
- 5.5.3.2.2. 20 to 100 kW
- 5.5.3.2.3. Above 100 kW
- 5.5.4. Battery
- 5.5.4.1. Upto 10 kWh
- 5.5.4.2. 10 to 30 KWh
- 5.5.4.3. 30 to 60 kWh
- 5.5.4.4. Above 60 Kwh
- 5.5.5. Electronics
- 5.5.6. Others
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia pacific
- 5.6.4. Rest of the World
- 6. North America e-SUV Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Propulsion
- 6.1.1. BEV
- 6.1.2. HEV
- 6.2. Market Analysis, Insights and Forecast – By Size
- 6.2.1. Compact
- 6.2.2. Mid-Size
- 6.2.3. Full-Size
- 6.3. Market Analysis, Insights and Forecast – By Driving Range
- 6.3.1. Upto 150 Km
- 6.3.2. 150 to 300 Km
- 6.3.3. Above 300 Km
- 6.3.4. Rear Seat Entertainment
- 6.4. Market Analysis, Insights and Forecast – By Components
- 6.4.1. Body
- 6.4.2. Chassis
- 6.4.3. Powertrain
- 6.4.3.1. ICE
- 6.4.3.2. Motor
- 6.4.3.2.1. Up to 20 kW
- 6.4.3.2.2. 20 to 100 kW
- 6.4.3.2.3. Above 100 kW
- 6.4.4. Battery
- 6.4.4.1. Upto 10 kWh
- 6.4.4.2. 10 to 30 KWh
- 6.4.4.3. 30 to 60 kWh
- 6.4.4.4. Above 60 Kwh
- 6.4.5. Electronics
- 6.4.6. Others
- 6.5. Market Analysis – By Country
- 6.5.1. U.S.
- 6.5.1.1. – By Propulsion
- 6.5.2. Canada
- 6.5.2.1. – By Propulsion
- 6.5.3. Mexico
- 6.5.3.1. – By Propulsion
- 7. Europe e-SUV Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Propulsion
- 7.1.1. BEV
- 7.1.2. HEV
- 7.2. Market Analysis, Insights and Forecast – By Size
- 7.2.1. Compact
- 7.2.2. Mid-Size
- 7.2.3. Full-Size
- 7.3. Market Analysis, Insights and Forecast – By Driving Range
- 7.3.1. Upto 150 Km
- 7.3.2. 150 to 300 Km
- 7.3.3. Above 300 Km
- 7.3.4. Rear Seat Entertainment
- 7.4. Market Analysis, Insights and Forecast – By Components
- 7.4.1. Body
- 7.4.2. Chassis
- 7.4.3. Powertrain
- 7.4.3.1. ICE
- 7.4.3.2. Motor
- 7.4.3.2.1. Up to 20 kW
- 7.4.3.2.2. 20 to 100 kW
- 7.4.3.2.3. Above 100 kW
- 7.4.4. Battery
- 7.4.4.1. Upto 10 kWh
- 7.4.4.2. 10 to 30 KWh
- 7.4.4.3. 30 to 60 kWh
- 7.4.4.4. Above 60 Kwh
- 7.4.5. Electronics
- 7.4.6. Others
- 7.5. Market Analysis – By Country
- 7.5.1. U.K.
- 7.5.1.1. – By Propulsion
- 7.5.2. Germany
- 7.5.2.1. – By Propulsion
- 7.5.3. France
- 7.5.3.1. – By Propulsion
- 7.5.4. Rest of Europe
- 7.5.4.1. – By Propulsion
- 8. Asia pacific e-SUV Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Propulsion
- 8.1.1. BEV
- 8.1.2. HEV
- 8.2. Market Analysis, Insights and Forecast – By Size
- 8.2.1. Compact
- 8.2.2. Mid-Size
- 8.2.3. Full-Size
- 8.3. Market Analysis, Insights and Forecast – By Driving Range
- 8.3.1. Upto 150 Km
- 8.3.2. 150 to 300 Km
- 8.3.3. Above 300 Km
- 8.3.4. Rear Seat Entertainment
- 8.4. Market Analysis, Insights and Forecast – By Components
- 8.4.1. Body
- 8.4.2. Chassis
- 8.4.3. Powertrain
- 8.4.3.1. ICE
- 8.4.3.2. Motor
- 8.4.3.2.1. Up to 20 kW
- 8.4.3.2.2. 20 to 100 kW
- 8.4.3.2.3. Above 100 kW
- 8.4.4. Battery
- 8.4.4.1. Upto 10 kWh
- 8.4.4.2. 10 to 30 KWh
- 8.4.4.3. 30 to 60 kWh
- 8.4.4.4. Above 60 Kwh
- 8.4.5. Electronics
- 8.4.6. Others
- 8.5. Market Analysis – By Country
- 8.5.1. China
- 8.5.1.1. – By Propulsion
- 8.5.2. Japan
- 8.5.2.1. – By Propulsion
- 8.5.3. India
- 8.5.3.1. – By Propulsion
- 8.5.4. South Korea
- 8.5.4.1. – By Propulsion
- 8.5.5. Rest of Asia Pacific
- 8.5.5.1. – By Propulsion
- 9. Rest of the World e-SUV Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast – By Propulsion
- 9.1.1. BEV
- 9.1.2. HEV
- 9.2. Market Analysis, Insights and Forecast – By Size
- 9.2.1. Compact
- 9.2.2. Mid-Size
- 9.2.3. Full-Size
- 9.3. Market Analysis, Insights and Forecast – By Driving Range
- 9.3.1. Upto 150 Km
- 9.3.2. 150 to 300 Km
- 9.3.3. Above 300 Km
- 9.3.4. Rear Seat Entertainment
- 9.4. Market Analysis, Insights and Forecast – By Components
- 9.4.1. Body
- 9.4.2. Chassis
- 9.4.3. Powertrain
- 9.4.3.1. ICE
- 9.4.3.2. Motor
- 9.4.3.2.1. Up to 20 kW
- 9.4.3.2.2. 20 to 100 kW
- 9.4.3.2.3. Above 100 kW
- 9.4.4. Battery
- 9.4.4.1. Upto 10 kWh
- 9.4.4.2. 10 to 30 KWh
- 9.4.4.3. 30 to 60 kWh
- 9.4.4.4. Above 60 Kwh
- 9.4.5. Electronics
- 9.4.6. Others
- 10. Competitive Analysis
- 10.1. Key Industry Development
- 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. (U.S.)
- 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. Toyota Motor Corporation (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. Honda Motor Co., Ltd. ( Japan)
- 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. BYD Company Ltd. (China)
- 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. Ford Motor Company (US)
- 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. Hyundai Motor Company (South Korea)
- 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. Mercedes-Benz (Germany)
- 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. Nissan Motor Corporation (Kanagawa, Japan)
- 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. Volkswagen AG (Wolfsburg, Germany)
- 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. AB Volvo (Gothenburg, Sweden)
- 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)
- 11.
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook