Global Electric Vehicle Market 2023-2027

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	174 Pages	TechNavio	January, 2023	INF17637506

Best Price Guarantee
Price	from $2,500
Length	174 Pages
Publisher	TechNavio
Published Date	January, 2023
SKU	INF17637506

Global Electric Vehicle Market 2023-2027

Technavio has been monitoring the electric vehicle market and is forecast to grow by 25927.15 th units during 2022-2027, accelerating at a CAGR of 37.45% during the forecast period. Our report on the electric vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for fuel-efficient and low-emission vehicles, stringent rules and regulations, and increasing government support.

Technavio's electric vehicle market is segmented as below:

By Type

BEV
PHEV

By Charging

Normal charging
Supercharging

By Geography

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the technological advances in EVs as one of the prime reasons driving the electric vehicle market growth during the next few years. Also, charging stations powered through renewable energy and the availability of new mobility modes will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the electric vehicle market covers the following areas:

Electric vehicle market sizing
Electric vehicle market forecast
Electric vehicle market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle market vendors that include Aspark Co. Ltd., BMW AG, BYD Electronic Co. Ltd., Canoo Inc., Ford Motor Co., General Motors Co, Hero Ecotech Ltd., Hyundai Motor Co., Mercedes Benz Group AG, Nissan Motor Co. Ltd., Renault SAS, Rivian Automotive Inc., Sinotruk Hong Kong Ltd., Stellantis NV, Tesla Inc., Toyota Motor Corp., Volkswagen AG, AB Volvo, Honda Motor Co. Ltd., and Mahindra and Mahindra Ltd. Also, the electric vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Type
  - Table Executive Summary – Chart on Market Segmentation by Charging
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2022
- Market outlook: Forecast for 2022-2027
  - Table Chart on Global - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on Global - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on Global Market- Year-over-year growth 2022-2027 (%)
  - Table Data Table on Global Market- Year-over-year growth 2022-2027 (%)
Historic Market Size
- Global electric vehicle market 2017 - 2021
  - Table Historic Market Size – Data table on global electric vehicle market 2017 - 2021 (thousand units)
- Type Segment Analysis 2017 - 2021
  - Table Historic Market Size – Type Segment 2017 - 2021 (thousand units)
- Charging Segment Analysis 2017 - 2021
  - Table Historic Market Size – Charging Segment 2017 - 2021 (thousand units)
- Geography Segment Analysis 2017 - 2021
  - Table Historic Market Size – Geography Segment 2017 - 2021 (thousand units)
- Country Segment Analysis 2017 - 2021
  - Table Historic Market Size – Country Segment 2017 - 2021 (thousand units)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2022 and 2027
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2022 and 2027
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2022 and 2027
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2022 and 2027
- Market condition
  - Table Chart on Market condition - Five forces 2022 and 2027
Market Segmentation by Type
- Market segments
  - Table Chart on Type - Market share 2022-2027 (%)
  - Table Data Table on Type - Market share 2022-2027 (%)
- Comparison by Type
  - Table Chart on Comparison by Type
  - Table Data Table on Comparison by Type
- BEV - Market size and forecast 2022-2027
  - Table Chart on BEV - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on BEV - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on BEV - Year-over-year growth 2022-2027 (%)
  - Table Data Table on BEV - Year-over-year growth 2022-2027 (%)
- PHEV - Market size and forecast 2022-2027
  - Table Chart on PHEV - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on PHEV - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on PHEV - Year-over-year growth 2022-2027 (%)
  - Table Data Table on PHEV - Year-over-year growth 2022-2027 (%)
- Market opportunity by Type
  - Table Market opportunity by Type (thousand units)
Market Segmentation by Charging
- Market segments
  - Table Chart on Charging - Market share 2022-2027 (%)
  - Table Data Table on Charging - Market share 2022-2027 (%)
- Comparison by Charging
  - Table Chart on Comparison by Charging
  - Table Data Table on Comparison by Charging
- Normal charging - Market size and forecast 2022-2027
  - Table Chart on Normal charging - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on Normal charging - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on Normal charging - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Normal charging - Year-over-year growth 2022-2027 (%)
- Super charging - Market size and forecast 2022-2027
  - Table Chart on Super charging - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on Super charging - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on Super charging - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Super charging - Year-over-year growth 2022-2027 (%)
- Market opportunity by Charging
  - Table Market opportunity by Charging (thousand units)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2022-2027 (%)
  - Table Data Table on Market share by geography 2022-2027 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- APAC - Market size and forecast 2022-2027
  - Table Chart on APAC - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on APAC - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on APAC - Year-over-year growth 2022-2027 (%)
  - Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
- Europe - Market size and forecast 2022-2027
  - Table Chart on Europe - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on Europe - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on Europe - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
- North America - Market size and forecast 2022-2027
  - Table Chart on North America - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on North America - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on North America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on North America - Year-over-year growth 2022-2027 (%)
- South America - Market size and forecast 2022-2027
  - Table Chart on South America - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on South America - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on South America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on South America - Year-over-year growth 2022-2027 (%)
- Middle East and Africa - Market size and forecast 2022- 2027
  - Table Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand
  - Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- China - Market size and forecast 2022-2027
  - Table Chart on China - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on China - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on China - Year-over-year growth 2022-2027 (%)
  - Table Data Table on China - Year-over-year growth 2022-2027 (%)
- US - Market size and forecast 2022-2027
  - Table Chart on US - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on US - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on US - Year-over-year growth 2022-2027 (%)
  - Table Data Table on US - Year-over-year growth 2022-2027 (%)
- Norway - Market size and forecast 2022-2027
  - Table Chart on Norway - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on Norway - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on Norway - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Norway - Year-over-year growth 2022-2027 (%)
- Japan - Market size and forecast 2022-2027
  - Table Chart on Japan - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on Japan - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on Japan - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
- Germany - Market size and forecast 2022-2027
  - Table Chart on Germany - Market size and forecast 2022-2027 (thousand units)
  - Table Data Table on Germany - Market size and forecast 2022-2027 (thousand units)
  - Table Chart on Germany - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
- Market opportunity by geography
  - Table Market opportunity by geography (thousand units)
Drivers, Challenges, and Trends
- Market drivers
  - Growing demand for fuel-efficient and low-emission vehicles
  - Stringent rules and regulations
  - Increasing government support
- Market challenges
  - Insufficient charging infrastructure
  - Low fuel economy
  - High manufacturing cost of EVs
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2022 and 2027
- Market trends
  - Technological advances in EVs
  - Charging stations powered through renewable energy
  - Availability of new mobility modes
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Aspark Co. Ltd.
  - Table Aspark Co. Ltd. - Overview
  - Table Aspark Co. Ltd. - Product / Service
  - Table Aspark Co. Ltd. - Key offerings
- BMW AG
  - Table BMW AG - Overview
  - Table BMW AG - Business segments
  - Table BMW AG - Key offerings
  - Table BMW AG - Segment focus
- BYD Electronic Co. Ltd.
  - Table BYD Electronic Co. Ltd. - Overview
  - Table BYD Electronic Co. Ltd. - Business segments
  - Table BYD Electronic Co. Ltd. - Key news
  - Table BYD Electronic Co. Ltd. - Key offerings
  - Table BYD Electronic Co. Ltd. - Segment focus
- Canoo Inc.
  - Table Canoo Inc. - Overview
  - Table Canoo Inc. - Business segments
  - Table Canoo Inc. - Key offerings
- Ford Motor Co.
  - Table Ford Motor Co. - Overview
  - Table Ford Motor Co. - Business segments
  - Table Ford Motor Co. - Key news
  - Table Ford Motor Co. - Key offerings
  - Table Ford Motor Co. - Segment focus
- General Motors Co
  - Table General Motors Co - Overview
  - Table General Motors Co - Business segments
  - Table General Motors Co - Key news
  - Table General Motors Co - Key offerings
  - Table General Motors Co - Segment focus
- Hero Ecotech Ltd.
  - Table Hero Ecotech Ltd. - Overview
  - Table Hero Ecotech Ltd. - Product / Service
  - Table Hero Ecotech Ltd. - Key offerings
- Honda Motor Co. Ltd.
  - Table Honda Motor Co. Ltd. - Overview
  - Table Honda Motor Co. Ltd. - Business segments
  - Table Honda Motor Co. Ltd. - Key news
  - Table Honda Motor Co. Ltd. - Key offerings
  - Table Honda Motor Co. Ltd. - Segment focus
- Hyundai Motor Co.
  - Table Hyundai Motor Co. - Overview
  - Table Hyundai Motor Co. - Business segments
  - Table Hyundai Motor Co. - Key news
  - Table Hyundai Motor Co. - Key offerings
  - Table Hyundai Motor Co. - Segment focus
- Mahindra and Mahindra Ltd.
  - Table Mahindra and Mahindra Ltd. - Overview
  - Table Mahindra and Mahindra Ltd. - Business segments
  - Table Mahindra and Mahindra Ltd. - Key news
  - Table Mahindra and Mahindra Ltd. - Key offerings
  - Table Mahindra and Mahindra Ltd. - Segment focus
- Mercedes Benz Group AG
  - Table Mercedes Benz Group AG - Overview
  - Table Mercedes Benz Group AG - Business segments
  - Table Mercedes Benz Group AG - Key offerings
  - Table Mercedes Benz Group AG - Segment focus
- Nissan Motor Co. Ltd.
  - Table Nissan Motor Co. Ltd. - Overview
  - Table Nissan Motor Co. Ltd. - Business segments
  - Table Nissan Motor Co. Ltd. - Key news
  - Table Nissan Motor Co. Ltd. - Key offerings
  - Table Nissan Motor Co. Ltd. - Segment focus
- Renault SAS
  - Table Renault SAS - Overview
  - Table Renault SAS - Product / Service
  - Table Renault SAS - Key news
  - Table Renault SAS - Key offerings
- Stellantis NV
  - Table Stellantis NV - Overview
  - Table Stellantis NV - Business segments
  - Table Stellantis NV - Key news
  - Table Stellantis NV - Key offerings
  - Table Stellantis NV - Segment focus
- Tesla Inc.
  - Table Tesla Inc. - Overview
  - Table Tesla Inc. - Business segments
  - Table Tesla Inc. - Key news
  - Table Tesla Inc. - Key offerings
  - Table Tesla Inc. - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations