Global Vehicle Electrification Market Growth 2023-2029

Global Vehicle Electrification Market Growth 2023-2029

Requirement for light weighting to achieve improved fuel efficiency and reduced tail-pipe emissions as well as increased demand for safety, comfort, and luxury are the key factors influencing the demand for vehicle electrification during the forecast period.

LPI (LP Information)' newest research report, the “Vehicle Electrification Industry Forecast” looks at past sales and reviews total world Vehicle Electrification sales in 2022, providing a comprehensive analysis by region and market sector of projected Vehicle Electrification sales for 2023 through 2029. With Vehicle Electrification sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle Electrification industry.

This Insight Report provides a comprehensive analysis of the global Vehicle Electrification landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vehicle Electrification portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vehicle Electrification market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle Electrification and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle Electrification.

The global Vehicle Electrification market size is projected to grow from US$ 59360 million in 2022 to US$ 85750 million in 2029; it is expected to grow at a CAGR of 85750 from 2023 to 2029.

United States market for Vehicle Electrification is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Vehicle Electrification is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Vehicle Electrification is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Vehicle Electrification players cover Bosch, Continental, Denso, Delphi, Johnson Electric, Mitsubishi Electric, Borgwarner, Magna and Aisin, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle Electrification market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Start/Stop System
Electric Power Steering (EPS)
Electric Air-Conditioner Compressor
Electric Vacuum Pump
Electric Oil Pump
Electric Water Pump
Liquid Heater PTC
Integrated Starter Generator (ISG)
Starter Motor & Alternator
Actuators

Segmentation by application
Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bosch
Continental
Denso
Delphi
Johnson Electric
Mitsubishi Electric
Borgwarner
Magna
Aisin
Johnson Controls
ZF
Valeo
Jtekt
Hitachi Automotive
Wabco

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vehicle Electrification market?

What factors are driving Vehicle Electrification market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vehicle Electrification market opportunities vary by end market size?

How does Vehicle Electrification break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.