Automotive Electrified Vehicles Market and Trend Analysis by Technology, Key Companies and Forecast to 2028

Automotive Electrified Vehicles Market and Trend Analysis by Technology, Key Companies and Forecast to 2028

Summary

The global electrified vehicles market is estimated at 26.4 mn units in 2023. Hybrid electric vehicles dominate the sector with a share of 58.8%, while battery electric vehicles account for 41.2% and fuel cell electric vehicles, account for the remaining 0.1% in 2023. Over the forecast period (2023-28), the electrified vehicles market is forecast to register a CAGR of 15.4% to reach 54.2 mn units by 2028. The top five companies operating in the global electrified vehicles are Toyota Group, Volkswagen Group, Hyundai Group, Stellantis, and Renault-Nissan Mitsubishi.

This report brings together multiple data sources to provide a comprehensive overview of the global Electrified Vehicles sector. It includes analysis on the following -

Trends & Drivers: Provides an overview of current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.

Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.

PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.

Sector Forecast: Provides deep-dive analysis of global market covering volume growth during 2018-2028, and spot estimates for 2023 and 2028. The analysis also covers regional overview across four regions-Asia-Pacific, Europe, North America, and South America and MEA-highlighting sector size, and growth drivers for the region.

Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.

Patent Analysis: Provides an overview of patent filings in the sector across regions, countries and top applicants.

Scope

• This report provides an overview of the current industry scenario regarding the future outlook in terms of trends, drivers, technologies, and key market players. The analysis also covers a regional overview across five regions - Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe - highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.

Reasons to Buy

• Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region. The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances. The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion. To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.