Global Electric 4 Wheel Drive Car Market, By Propulsion (BEV, HEV, PHEV), By Vehicle Type (Hatchback, Sedan, SUV), By Battery Capacity (Below 25 KWH, 25KWH-40KWH, Above 40KWH), By Region, Competition Forecast and Opportunities, 2017-2027
The global electric 4 wheel drive car market is expected to grow at a significant rate during the forecast period. The growth can be attributed to the increasing demands for luxury cars and the rising penetration of electric vehicles. Besides, growing development in the 4 wheel drive car system and increasing investments by leading automotive OEMs are expected to boost the growth of the global electric 4 wheel drive car market. Additionally, rising environmental concerns, advancements in charging technologies, and decreasing prices of batteries are further propelling the demand for the electric 4 wheel drive car market worldwide. Governments are increasingly investing in electric mobility to phase out fossil fuel-powered vehicles by providing subsidies and tax rebates to consumers, which is expected to fuel the growth of the global electric 4 wheel drive car market. The increased consumer spending capacity of the population in emerging countries and growing environmental awareness are some of the driving factors for the growth of the global electric 4 wheel drive car market. Market players are launching many new models with excellent maneuverability and affordable price options, which is expected to propel the growth of the global electric 4 wheel drive car market. Earlier, the electric drive car system used to be available only in luxury cars, but now many automotive companies are introducing hybrid electric vehicles and passenger cars, which is boosting their adoption. Enhanced versatility, performance, and better handling of the cars are expected to boost the sales of sports utility vehicles around the globe, which is anticipated to fuel the growth of the electric 4 wheel drive car market. Rapid developments in electric battery infrastructure and low maintenance costs of four-wheeler vehicles are accelerating the growth of the global electric 4 wheel drive car market. Higher costs involved with the initial investments and performance constraints could hamper the growth of the global electric 4 wheel drive car market.
The global electric 4 wheel drive car market is segmented based on propulsion, vehicle type, battery capacity, regional distribution, and company. Based on the vehicle type, the global electric 4 wheel drive car market is divided into hatchback, sedan and SUV. The hatchback segment is expected to register the fastest growth in the global electric 4 wheel drive car market due to the increased affordability than their counterparts.
Major players operating in the global electric 4 wheel drive market include Volkswagen Group, BMW AG, Hyundai Motor Company, Daimler AG, Tesla INC, Toyota Motor Company, etc.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of global electric 4 wheel drive car market from 2017 to 2021.
- To estimate and forecast the market size of global electric 4 wheel drive car market from 2022 to 2027 and growth rate until 2027.
- To classify and forecast global electric 4 wheel drive car market based on product type, application, fuel type, region, and competitive landscape.
- To identify dominant region or segment in the global electric 4 wheel drive car market.
- To identify drivers and challenges for global electric 4 wheel drive car market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global electric 4 wheel drive car market.
- To identify and analyze the profile of leading players operating in global electric 4 wheel drive car market.
- To identify key sustainable strategies adopted by market players in global electric 4 wheel drive car market.
Report Scope:
In this report, global electric 4 wheel drive car market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Electric 4 Wheel Drive Car Market, By Propulsion:
- BEV
- HEV
- PHEV
- Electric 4 Wheel Drive Car Market, By Vehicle Type:
- Hatchback
- Sedan
- SUV
- Electric 4 Wheel Drive Car Market, By Battery Capacity:
- Below 25 KWH
- 25KWH-40KWH
- Above 40KWH
- Electric 4 Wheel Drive Car Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- Malaysia
- Thailand
- Indonesia
- Vietnam
- South Korea
- Europe & CIS
- Germany
- France
- United Kingdom
- Spain
- Italy
- Belgium
- Russia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Egypt
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of global electric 4 wheel drive car market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Electric 4 wheel drive car manufacturing companies/partners
- Suppliers/Distributers
- End-Users
- Government bodies such as regulating authorities and policy makers
- Organizations, industry associations, forums and alliances related to global electric 4 wheel drive car market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global electric 4 wheel drive car market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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