EV Plant Construction Market
The global EV Plant Construction Market was valued at USD 34.1 billion in 2023 and is projected to register a CAGR of over 9% from 2024 to 2032. The market's growth is driven by increasing demand for electric vehicles (EVs), growing consumer awareness of climate change, and supportive government policies. Automakers are investing significantly in new manufacturing facilities to meet rising demand and capitalize on the shift toward cleaner transportation. The market's expansion is also closely linked to the growth of charging infrastructure, as automakers contribute to developing charging stations to facilitate widespread EV adoption.
The overall EV plant construction industry is classified based on the type, construction, end-user and region.
Assembly plants held over 40% of the market share in 2023 and are projected to exceed USD 27 billion by 2032. These plants integrate various components into fully assembled vehicles while maintaining high quality standards and overseeing complex production workflows. Their scalability offers flexibility to adapt to shifting demand and accommodate different vehicle models. Assembly plants benefit from economies of scale, reducing production costs per unit, while strategic locations optimize logistics and streamline supply chain operations.
The automakers segment dominated the market with a 51% share in 2023, driven by their role in EV assembly and production. EV production requires specialized, scalable manufacturing facilities, and automakers are investing in advanced technologies such as automated assembly lines and integrated battery systems to enhance efficiency and meet increasing demand. These investments, along with a focus on innovation, have reinforced their market leadership position.
The Asia-Pacific region led the electric vehicle plant construction market in 2023, commanding around 50% of the market share. This leadership is driven by a rapidly expanding EV market, supported by government incentives and policies encouraging EV adoption. The region has a well-established supply chain for essential EV components like batteries and electronics, enabling efficient and cost-effective manufacturing. Major automakers and tech companies are investing heavily in the Asia-Pacific region to access its growing consumer base and extensive manufacturing capabilities. Large-scale production hubs and competitive labor costs further enhance the region's appeal for EV plant construction.
- Chapter 1 Methodology and Scope
- 1.1 Research Design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions & scope
- Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2021-2032
- 2.2 Business trends
- 2.2.1.1 Total Addressable Market (TAM), 2024 - 2032
- 2.2.1.2 TAM trends
- 2.3 Regional trends
- 2.4 Type trends
- 2.5 Construction trends
- 2.6 End-user trends
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Raw material suppliers
- 3.1.2 Component suppliers
- 3.1.3 Technology providers
- 3.1.4 Manufacturers
- 3.1.5 End users
- 3.2 Supplier landscape
- 3.2.1 Supplier landscape
- 3.3 Plant set up analysis
- 3.3.1 Raw material analysis
- 3.3.1.1 Identifying suppliers
- 3.3.1.2 Sustainability initiatives
- 3.3.2 Technological and equipment analysis Â3.3.2.1 Technology adoption
- 3.3.2.2 Innovations and efficiency
- 3.3.3 Regulatory compliance
- 3.3.3.1 Building codes and standards
- 3.3.3.2 Permits and approvals
- 3.3.3.3 Health and safety regulations
- 3.3.4 Financial analysis
- 3.3.4.1 Raw material cost analysis
- 3.3.4.2 Technology cost analysis
- 3.3.4.3 Labor and workforce cost analysis
- 3.3.5 Risk management
- 3.3.5.1 Risk identification
- 3.3.5.2 Mitigation strategies
- 3.3.5.3 Project management and planning
- 3.3.6 Timeline and milestones
- 3.3.6.1 Stakeholder engagement
- 3.4 Technology and innovation landscape
- 3.4.1 Building information modeling
- 3.4.2 Modular construction
- 3.4.3 Sustainable building technologies
- 3.4.4 Automation and robotics
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.7.1 United States
- 3.7.1.1 National Environmental Policy Act (NEPA)
- 3.7.1.2 International Building Code (IBC)
- 3.7.2 Canada
- 3.7.2.1 National Building Code of Canada
- 3.7.2.2 Canadian Environmental Assessment Act (CEAA)
- 3.7.3 China
- 3.7.3.1 Construction Law of the People's Republic of China
- 3.7.3.2 Local Planning Regulations
- 3.7.4 Germany
- 3.7.4.1 Federal Immission Control Act (Bundes-Immissionsschutzgesetz, BImSchG)
- 3.7.4.2 German Construction Regulation (Bauregelliste)
- 3.7.5 Japan
- 3.7.5.1 Environmental Impact Assessment Law
- 3.7.5.2 Building Standards Act
- 3.7.6 South Korea
- 3.7.6.1 Framework Act on Environmental Policy
- 3.7.6.2 Building Act
- 3.7.7 UK
- 3.7.7.1 Environmental Protection Act 1990
- 3.7.7.2 Environmental Impact Assessment Regulations 2017
- 3.7.8 France
- 3.7.8.1 Town Planning Code (Code de l'urbanisme)
- 3.7.8.2 Environmental Impact Assessment (EIA) Regulations
- 3.7.9 Sweden
- 3.7.9.1 Environmental Code (Miljöbalken)
- 3.7.9.2 Planning and Building Act (Plan- och bygglagen)
- 3.7.10 India
- 3.7.10.1 National Building Code of India (NBC)
- 3.7.10.2 National Electric Mobility Mission Plan (NEMMP) 2020
- 3.7.11 Italy
- 3.7.11.1 Environmental Impact Assessment (EIA)
- 3.7.11.2 EU Green Deal
- 3.7.12 Spain
- 3.7.12.1 Directive 2014/94/EU on the Deployment of Alternative Fuels Infrastructure
- 3.7.12.2 Law 34/2007 on the Quality of the Air and Protection of the Atmosphere
- 3.7.13 Australia
- 3.7.13.1 National Electric Vehicle Strategy
- 3.7.13.2 National Construction Code (NCC)
- 3.7.14 Vietnam
- 3.7.14.1 National Electric Vehicle Development Strategy
- 3.7.14.2 Law on Environmental Protection (Law No. 72/2020/QH14)
- 3.7.15 Indonesia
- 3.7.15.1 Presidential Regulation No. 55 of 2019 on the Acceleration of Battery- Based Electric Vehicle Program
- 3.7.15.2 Minister of Public Works and Public Housing Regulation No. 22/PRT/M/2018
- 3.7.16 Thailand
- 3.7.16.1 Construction Act (B.E. 2522):
- 3.7.16.2 Labor Protection Act (B.E. 2541)
- 3.7.17 Brazil
- 3.7.17.1 Law No. 8,666/1993 (Public Procurement Law)
- 3.7.17.2 Law No. 13,425/2017
- 3.7.18 Turkey
- 3.7.18.1 Law No. 6872 on Investment Support and Coordination
- 3.7.18.2 Construction Law (Law No. 4734)
- 3.7.19 Poland
- 3.7.19.1 Electromobility Development Program
- 3.7.19.2 Regulations on Technical Conditions for Buildings
- 3.7.20 UAE
- 3.7.20.1 Federal Law No. 2 of 2015 on Commercial Companies
- 3.7.20.2 Federal Law No. 24 of 1999 for the Protection and Development of the Environment
- 3.8 Industry impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rapid expansion of EV production worldwide
- 3.8.1.2 Retrofitting of existing automotive plants for EV production
- 3.8.1.3 Construction of new battery gigafactories
- 3.8.1.4 Development of charging infrastructure production facilities
- 3.8.2 Industry pitfalls and challenges
- 3.8.2.1 Supply chain constraints for critical materials
- 3.8.2.2 Fluctuating EV demand
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 EV Plant Construction Market, By Type
- 5.1 Key trends
- 5.2 Assembly plants
- 5.3 Battery manufacturing plants
- 5.4 Research and development centers
- 5.5 Charging infrastructure facilities
- Chapter 6 EV Plant Construction Market, By Construction
- 6.1 Key trends
- 6.2 New plant construction
- 6.3 Plant expansion
- 6.4 Renovation and upgrades
- Chapter 7 EV Plant Construction Market, By End User
- 7.1 Key trends
- 7.2 Automakers
- 7.3 Battery manufacturers
- 7.4 Charging infrastructure providers
- 7.5 Others
- Chapter 8 EV Plant Construction Market, By Region
- 8.1 Key trends, by region
- 8.2 Existing market
- 8.3 Emerging market
- Chapter 9 Company Profiles
- 9.1 Acciona
- 9.1.1 Global Overview
- 9.1.2 Market/Business Overview
- 9.1.3 Financial data
- 9.1.3.1 Sales Revenue, 2021-2023
- 9.1.4 Product Landscape
- 9.1.5 Strategic Outlook
- 9.1.6 SWOT analysis
- 9.2 AECOM
- 9.2.1 Global overview
- 9.2.2 Market/Business overview
- 9.2.3 Financial data
- 9.2.3.1 Sales revenue, 2021-2023
- 9.2.4 Product landscape
- 9.2.5 Strategic outlook
- 9.2.6 SWOT analysis
- 9.3 Bechtel Corporation
- 9.3.1 Global overview
- 9.3.2 Market/business overview
- 9.3.3 Financial data
- 9.3.4 Product landscape
- 9.3.5 Strategic outlook
- 9.3.6 SWOT analysis
- 9.4 Bouygues Construction
- 9.4.1 Global Overview
- 9.4.2 Market/Business Overview
- 9.4.3 Financial data
- 9.4.3.1 Sales Revenue, 2021-2023
- 9.4.4 Product Landscape
- 9.4.5 Strategic Outlook
- 9.4.6 SWOT analysis
- 9.5 Ferrovial
- 9.5.1 Global Overview
- 9.5.2 Market/Business Overview
- 9.5.3 Financial data
- 9.5.3.1 Sales Revenue, 2021-2023
- 9.5.4 Product Landscape
- 9.5.5 Strategic Outlook
- 9.5.6 SWOT analysis
- 9.6 Fluor Corporation
- 9.6.1 Global overview
- 9.6.2 Market/Business overview
- 9.6.3 Financial data
- 9.6.3.1 Sales revenue, 2021-2023
- 9.6.4 Product landscape
- 9.6.5 SWOT analysis
- 9.7 Hensel Phelps
- 9.7.1 Global Overview
- 9.7.2 Market/Business Overview
- 9.7.3 Financial data
- 9.7.4 Product Landscape
- 9.7.5 Strategic Outlook
- 9.7.6 SWOT analysis
- 9.8 Hyundai Engineering & Construction
- 9.8.1 Global Overview
- 9.8.2 Market/Business Overview
- 9.8.3 Financial data
- 9.8.3.1 Sales Revenue, 2021-2023
- 9.8.4 Product Landscape
- 9.8.5 SWOT analysis
- 9.9 Jacobs Solutions Inc.
- 9.9.1 Global overview
- 9.9.2 Market/Business overview
- 9.9.3 Financial data
- 9.9.3.1 Sales revenue, 2021-2023
- 9.9.4 Product landscape
- 9.9.5 SWOT analysis
- 9.10 Kajima Corporation
- 9.10.1 Global Overview
- 9.10.2 Market/Business Overview
- 9.10.3 Financial data
- 9.10.3.1 Sales Revenue, 2021-2023
- 9.10.4 Product Landscape
- 9.10.5 Strategic Outlook
- 9.10.6 SWOT analysis
- 9.11 Kiewit
- 9.11.1 Global Overview
- 9.11.2 Market/Business Overview
- 9.11.3 Financial data
- 9.11.4 Product Landscape
- 9.11.5 SWOT analysis
- 9.12 L&T Construction
- 9.12.1 Global Overview
- 9.12.2 Market/Business Overview
- 9.12.3 Financial data
- 9.12.3.1 Sales Revenue, 2021-2023
- 9.12.4 Product Landscape
- 9.12.5 SWOT analysis
- 9.13 Obayashi Corporation
- 9.13.1 Global overview
- 9.13.2 Market/Business Overview
- 9.13.3 Financial data
- 9.13.3.1 Sales Revenue, 2020-2023
- 9.13.4 Product Landscape
- 9.13.5 Strategic Outlook
- 9.13.6 SWOT analysis
- 9.14 PCL Construction
- 9.14.1 Global Overview
- 9.14.2 Market/Business Overview
- 9.14.3 Financial data
- 9.14.4 Product Landscape
- 9.14.5 SWOT analysis
- 9.15 Samsung C&T
- 9.15.1 Global Overview
- 9.15.2 Market/Business Overview
- 9.15.3 Financial data
- 9.15.3.1 Sales Revenue, 2021-2023
- 9.15.4 Product Landscape
- 9.15.5 Strategic Outlook
- 9.15.6 SWOT analysis
- 9.16 Shapoorji Pallonji Group
- 9.16.1 Global Overview
- 9.16.2 Market/Business Overview
- 9.16.3 Financial data
- 9.16.3.1 Sales Revenue, 2021-2023
- 9.16.4 Product Landscape
- 9.16.5 Strategic Outlook
- 9.16.6 SWOT analysis
- 9.17 Shimizu Corporation
- 9.17.1 Global Overview
- 9.17.2 Market/Business Overview
- 9.17.3 Financial data
- 9.17.3.1 Sales Revenue, 2021-2023
- 9.17.4 Product Landscape
- 9.17.5 Strategic Outlook
- 9.17.6 SWOT analysis
- 9.18 Skanska
- 9.18.1 Global Overview
- 9.18.2 Market/Business Overview
- 9.18.3 Financial data
- 9.18.3.1 Sales Revenue, 2021-2023
- 9.18.4 Product Landscape
- 9.18.5 Strategic Outlook
- 9.18.6 SWOT analysis
- 9.19 Turner Construction Company
- 9.19.1 Global overview
- 9.19.2 Market/Business Overview
- 9.19.3 Financial data
- 9.19.4 Product Landscape
- 9.19.5 Strategic Outlook
- 9.19.6 SWOT analysis
- 9.20 Vinci
- 9.20.1 Global Overview
- 9.20.2 Market/Business Overview
- 9.20.3 Financial data
- 9.20.3.1 Sales Revenue, 2021-2023
- 9.20.4 Product Landscape
- 9.20.5 Strategic Outlook
- 9.20.6 SWOT analysis
- 9.21 WSP
- 9.21.1 Global Overview
- 9.21.2 Market/Business Overview
- 9.21.3 Financial data
- 9.21.3.1 Sales Revenue, 2021-2023
- 9.21.4 Product Landscape
- 9.21.5 Strategic Outlook
- 9.21.6 SWOT analysis
- 9.22 ZhongJi Southern Machinery Co., Ltd.
- 9.22.1 Global Overview
- 9.22.2 Market/Business Overview
- 9.22.3 Financial data
- 9.22.3.1 Sales Revenue, 2020-2023
- 9.22.4 Product Landscape
- 9.22.5 Strategic Outlook
- 9.22.6 SWOT analysis
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