Electric Vehicle Market By Tehnology, Power Source, Vehicle Type and Powertrain - Global Industry Analysis and Forecast to 2023
Published On : March 2018 Pages : 100 Category: Automotive & Transportations Report Code : AT03653
Industry Outlook and Trend Analysis
The Electric Vehicles Market was worth USD 72.23 billion in 2017 and is expected to reach approximately USD 364.67 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 19.71% during the forecast period. Electric vehicles are self-moving transportation machines for passengers and products using the power that is stored in the batteries by means of electric engines or with the assistance of both interior combustion engine and electric engines working in tandem. Electric vehicles are thought to be the vehicles without bounds and are very liable to make regular vehicles obsolete. The development of electric vehicles is attributed to the ever increasing generation and sales of automobiles. Vehicles have become an increasingly affordable commodity due to the rising discretionary incomes across the world.
Technology Outlook and Trend Analysis
On the basis of technology the market is segmented into Plug-In Hybrid Electric Vehicles, Hybrid Electric Vehicles and Battery Electric Vehicles. Plug-in hybrid electric vehicles– ordinarily known as PHEVs– are most favourable as they combine a gas or diesel motor with an electric engine and a huge rechargeable battery. Dissimilar to traditional hybrids, PHEVS can be connected to and revived from an outlet, enabling them to drive expanded separations using only electricity.
Power Source outlook and Trend Analysis
Based on power source the market is segmented into On Board Electric Generator and Stored Electricity. The electric vehicles make use of stored electricity in a battery pack to provide power to an electric engine and turn the wheels. Whenever drained, the batteries are revived by using grid electricity, either from a dedicated charging unit or a wall socket.
Vehicle Type Outlook and Trend Analysis
On the basis of vehicle type the market is segmented into Commercial Vehicles, Two Wheelers, Passenger Cars and others. Electric passenger car is the quickest developing fragment in the worldwide electric vehicle market. The development can be credited to the developing interest for fuel productive vehicles, expanding ecological awareness among buyers, aggressive estimating in contrast with the ICE passenger cars.
Powertrain Outlook and Trend Analysis
Parallel hybrid systems have both an an electric motor and an internal combustion engine that can both exclusively drive the auto or both coupled up mutually giving drive. This was the most widely recognized hybrid system in 2017.Parallel hybrids depend more on regenerative braking and the ICE can likewise go about as a generator for supplemental recharging. This makes them more productive in urban unpredictable conditions.
Regional Outlook and Trend Analysis
The Asia-Pacific is the biggest market for EVs because of support from the government, tax rebates and subsidies and persistently enhancing charging framework in nations, for example, Japan and China. The administrations in both the significant markets i.e. Japan and China give sponsorships and other non-money related advantages, for example, access to number plate, car pool lane access, and street impose exclusions for EV users.
Competitive Insights
The leading players in the market are Mitsubishi Motors Corporation, Groupe Renault, Daimler AG, General Motors Company, Volkswagen AG, Honda Motor Co., Ltd., Ford Motor Company, Nissan Motor Corporation Ltd and Toyota Motor Corporation. These organizations are constantly concentrating towards the enhancement of new products and up gradation of their existing product portfolio. They have deliberately teamed up with other specialty players and electric vehicle makers to maintain the market competition.
The Electric Vehicle market is segmented as follows-
By Technology:
- Battery Electric Vehicles
- Hybrid Electric Vehicles
- Plug-In Hybrid Electric Vehicles
By Power Source:
- On Board Electric Generator
- Stored Electricity
By Vehicle Type:
- Two Wheelers
- Passenger Cars
- Commercial Vehicles
By Powertrain:
- Combined Hybrid
- Series Hybrid
- Parallel Hybrid
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Electric Vehicle Market, By Technology, Estimates and Forecast, 2014-2023 ($Million)
· Hybrid Electric Vehicles
· Plug-In Hybrid Electric Vehicles
· Battery Electric Vehicles
· Electric Vehicle Market, By Power Source, Estimates and Forecast, 2014-2023 ($Million)
· Stored Electricity
· On Board Electric Generator
· Electric Vehicle Market, By Vehicle Type, Estimates and Forecast, 2014-2023 ($Million)
· Passenger Cars
· Commercial Vehicles
· Two Wheelers
· Other Vehicle Types
· Electric Vehicle Market, By Powertrain, Estimates and Forecast, 2014-2023 ($Million)
· Series Hybrid
· Parallel Hybrid
· Combined Hybrid
· Electric Vehicle Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
o North America
§ North America Electric Vehicle Market, By Country
o U.S. Electric Vehicle Market
o Canada Electric Vehicle Market
o Mexico Electric Vehicle Market
o Europe
§ Europe Electric Vehicle Market, By Country
o Germany Electric Vehicle Market
o UK Electric Vehicle Market
o France Electric Vehicle Market
o Russia Electric Vehicle Market
o Italy Electric Vehicle Market
o Rest of Europe Electric Vehicle Market
o Asia-Pacific
§ Asia-Pacific Electric Vehicle Market, By Country
o China Electric Vehicle Market
o Japan Electric Vehicle Market
o South Korea Electric Vehicle Market
o India Electric Vehicle Market
o Southeast Asia Electric Vehicle Market
o Rest of Asia-Pacific Electric Vehicle Market
o South America
§ South America Electric Vehicle Market
o Brazil Electric Vehicle Market
o Argentina Electric Vehicle Market
o Columbia Electric Vehicle Market
o South Africa Electric Vehicle Market
o Rest of South America Electric Vehicle Market
o Middle East and Africa
§ Middle East and Africa Electric Vehicle Market
o Saudi Arabia Electric Vehicle Market
o UAE Electric Vehicle Market
o Egypt Electric Vehicle Market
o Nigeria Electric Vehicle Market
o South Africa Electric Vehicle Market
o Rest of MEA Electric Vehicle Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Increasing Product Portfolio of Oems
3.2.1.2. Increased Vehicle Range Per Charge
3.2.2. Restraints
3.2.2.1. Short Lifespan of Batteries
3.2.2.2. Lack of Charging Infrastructure
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Electric Vehicle Market, By Technology
5.1. Introduction
5.2. Global Electric Vehicle Sales, Revenue and Market Share by Technology (2017-2027)
5.2.1. Global Electric Vehicle Sales and Sales Share by Technology (2017-2027)
5.2.2. Global Electric Vehicle Revenue and Revenue Share by Technology (2017-2027)
5.3. Hybrid Electric Vehicles
5.3.1. Global Hybrid Electric Vehicles Sales and Growth Rate (2017-2027)
5.4. Plug-In Hybrid Electric Vehicles
5.4.1. Global Plug-In Hybrid Electric Vehicles Sales and Growth Rate (2017-2027)
5.5. Battery Electric Vehicles
5.5.1. Global Battery Electric Vehicles Sales and Growth Rate (2017-2027)
6. Electric Vehicle Market, By Power Source
6.1. Introduction
6.2. Global Electric Vehicle Sales, Revenue and Market Share by Power Source (2017-2027)
6.2.1. Global Electric Vehicle Sales and Sales Share by Power Source (2017-2027)
6.2.2. Global Electric Vehicle Revenue and Revenue Share by Power Source (2017-2027)
6.3. Stored Electricity
6.3.1. Global Stored Electricity Sales and Growth Rate (2017-2027)
6.4. On Board Electric Generator
6.4.1. Global On Board Electric Generator Sales and Growth Rate (2017-2027)
7. Electric Vehicle Market, By Vehicle Type
7.1. Introduction
7.2. Global Electric Vehicle Sales, Revenue and Market Share by Vehicle Type (2017-2027)
7.2.1. Global Electric Vehicle Sales and Sales Share by Vehicle Type (2017-2027)
7.2.2. Global Electric Vehicle Revenue and Revenue Share by Vehicle Type (2017-2027)
7.3. Passenger Cars
7.3.1. Global Passenger Cars Sales and Growth Rate (2017-2027)
7.4. Commercial Vehicles
7.4.1. Global Commercial Vehicles Sales and Growth Rate (2017-2027)
7.5. Two Wheelers
7.5.1. Global Two Wheelers Sales and Growth Rate (2017-2027)
7.6. Other Vehicle Types
7.6.1. Global Other Vehicle Types Sales and Growth Rate (2017-2027)
8. Electric Vehicle Market, By Powertrain
8.1. Introduction
8.2. Global Electric Vehicle Sales, Revenue and Market Share by Powertrain (2017-2027)
8.2.1. Global Electric Vehicle Sales and Sales Share by Powertrain (2017-2027)
8.2.2. Global Electric Vehicle Revenue and Revenue Share by Powertrain (2017-2027)
8.3. Series Hybrid
8.3.1. Global Series Hybrid Sales and Growth Rate (2017-2027)
8.4. Parallel Hybrid
8.4.1. Global Parallel Hybrid Sales and Growth Rate (2017-2027)
8.5. Combined Hybrid
8.5.1. Global Combined Hybrid Sales and Growth Rate (2017-2027)
9. Electric Vehicle Market, By Region
9.1. Introduction
9.2. Global Electric Vehicle Sales, Revenue and Market Share by Regions
9.2.1. Global Electric Vehicle Sales by Regions (2017-2027)
9.2.2. Global Electric Vehicle Revenue by Regions (2017-2027)
9.3. North America Electric Vehicle by Countries
9.3.1. North America Electric Vehicle Sales and Growth Rate (2017-2027)
9.3.2. North America Electric Vehicle Revenue and Growth Rate (2017-2027)
9.3.3. North America Electric Vehicle Sales by Countries (2017-2027)
9.3.4. North America Electric Vehicle Revenue (Million USD) by Countries (2017-2027)
9.3.5. U.S.
9.3.5.1. United States Electric Vehicle Sales and Growth Rate (2017-2027)
9.3.5.2. United States Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.3.6. Canada
9.3.6.1. Canada Electric Vehicle Sales and Growth Rate (2017-2027)
9.3.6.2. Canada Electric Vehicle Sales (Millions USD) and Growth Rate (2017-2027)
9.3.7. Mexico
9.3.7.1. Mexico Electric Vehicle Sales and Growth Rate (2017-2027)
9.3.7.2. Mexico Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.4. Europe Electric Vehicle by Countries
9.4.1. Europe Electric Vehicle Sales and Growth Rate (2017-2027)
9.4.2. Europe Electric Vehicle Revenue and Growth Rate (2017-2027)
9.4.3. Europe Electric Vehicle Sales by Countries (2017-2027)
9.4.4. Europe Electric Vehicle Revenue (Million USD) by Countries (2017-2027)
9.4.5. Germany
9.4.5.1. Germany Electric Vehicle Sales and Growth Rate (2017-2027)
9.4.5.2. Germany Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.6. UK
9.4.6.1. UK Electric Vehicle Sales and Growth Rate (2017-2027)
9.4.6.2. UK Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.7. France
9.4.7.1. France Electric Vehicle Sales and Growth Rate (2017-2027)
9.4.7.2. France Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.8. Russia
9.4.8.1. Russia Electric Vehicle Sales and Growth Rate (2017-2027)
9.4.8.2. Russia Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.9. Italy
9.4.9.1. Italy Electric Vehicle Sales and Growth Rate (2017-2027)
9.4.9.2. Italy Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.10. Rest of Europe
9.4.10.1. Rest of Europe Electric Vehicle Sales and Growth Rate (2017-2027)
9.4.10.2. Rest of Europe Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.5. Asia-Pacific
9.5.1. Asia-Pacific Electric Vehicle Sales and Growth Rate (2017-2027)
9.5.2. Asia-Pacific Electric Vehicle Revenue and Growth Rate (2017-2027)
9.5.3. Asia-Pacific Electric Vehicle Sales by Countries (2017-2027)
9.5.4. Asia-Pacific Electric Vehicle Revenue (Million USD) by Countries (2017-2027)
9.5.5. China
9.5.5.1. China Electric Vehicle Sales and Growth Rate (2017-2027)
9.5.5.2. China Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.6. Japan
9.5.6.1. Japan Electric Vehicle Sales and Growth Rate (2017-2027)
9.5.6.2. Japan Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.6.3.
9.5.7. Korea
9.5.7.1. Korea Electric Vehicle Sales and Growth Rate (2017-2027)
9.5.7.2. Korea Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.8. India
9.5.8.1. India Electric Vehicle Sales and Growth Rate (2017-2027)
9.5.8.2. India Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.9. Southeast Asia
9.5.9.1. Southeast Asia Electric Vehicle Sales and Growth Rate (2017-2027)
9.5.9.2. Southeast Asia Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.10. Rest of Asia-Pacific
9.5.10.1. Rest of Asia-Pacific Electric Vehicle Sales and Growth Rate (2017-2027)
9.5.10.2. Rest of Asia-Pacific Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.6. South America
9.6.1. South America Electric Vehicle Sales and Growth Rate (2017-2027)
9.6.2. South America Electric Vehicle Revenue and Growth Rate (2017-2027)
9.6.3. South America Electric Vehicle Sales by Countries (2017-2027)
9.6.4. South America Electric Vehicle Revenue (Million USD) by Countries (2017-2027)
9.6.5. Brazil
9.6.5.1. Brazil Electric Vehicle Sales and Growth Rate (2017-2027)
9.6.5.2. Brazil Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.6.6. Argentina
9.6.6.1. Argentina Electric Vehicle Sales and Growth Rate (2017-2027)
9.6.6.2. Argentina Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.6.7. Columbia
9.6.7.1. Columbia Electric Vehicle Sales and Growth Rate (2017-2027)
9.6.7.2. Columbia Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.6.8. Rest of South America
9.6.8.1. Rest of South America Electric Vehicle Sales and Growth Rate (2017-2027)
9.6.8.2. Rest of South America Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.7. Middle East and Africa
9.7.1. Middle East and Africa Electric Vehicle Sales and Growth Rate (2017-2027)
9.7.2. Middle East and Africa Electric Vehicle Revenue and Growth Rate (2017-2027)
9.7.3. Middle East and Africa Electric Vehicle Sales by Countries (2017-2027)
9.7.4. Middle East and Africa Electric Vehicle Revenue (Million USD) by Countries (2017-2027)
9.7.5. Saudi Arabia
9.7.5.1. Saudi Arabia Electric Vehicle Sales and Growth Rate (2017-2027)
9.7.5.2. Saudi Arabia Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.6. United Arab Emirates
9.7.6.1. United Arab Emirates Electric Vehicle Sales and Growth Rate (2017-2027)
9.7.6.2. United Arab Emirates Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.7. Egypt
9.7.7.1. Egypt Electric Vehicle Sales and Growth Rate (2017-2027)
9.7.7.2. Egypt Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.8. Nigeria
9.7.8.1. Nigeria Electric Vehicle Sales and Growth Rate (2017-2027)
9.7.8.2. Nigeria Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.9. South Africa
9.7.9.1. South Africa Electric Vehicle Sales and Growth Rate (2017-2027)
9.7.9.2. South Africa Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.10. Rest of Middle East and Africa
9.7.10.1. Rest of Middle East and Africa Electric Vehicle Sales and Growth Rate (2017-2027)
9.7.10.2. Rest of Middle East and Africa Electric Vehicle Revenue (Millions USD) and Growth Rate (2017-2027)
10. Company Profiles
10.1. Nissan Motor Corporation Ltd.
10.1.1. Business Overview
10.1.2. Product Portfolio
10.1.3. Strategic Developments
10.1.4. Sales, Revenue and Market Share
10.2. Bayerische Motoren Werke AG
10.2.1. Business Overview
10.2.2. Product Portfolio
10.2.3. Strategic Developments
10.2.4. Sales, Revenue and Market Share
10.3. Honda Motor Co., Ltd.
10.3.1. Business Overview
10.3.2. Product Portfolio
10.3.3. Strategic Developments
10.3.4. Sales, Revenue and Market Share
10.4. Mitsubishi Motors Corporation
10.4.1. Business Overview
10.4.2. Product Portfolio
10.4.3. Strategic Developments
10.4.4. Sales, Revenue and Market Share
10.5. Toyota Motor Corporation
10.5.1. Business Overview
10.5.2. Product Portfolio
10.5.3. Strategic Developments
10.5.4. Sales, Revenue and Market Share
10.6. Volkswagen AG
10.6.1. Business Overview
10.6.2. Product Portfolio
10.6.3. Strategic Developments
10.6.4. Sales, Revenue and Market Share
10.7. Tesla Motors, Inc.
10.7.1. Business Overview
10.7.2. Product Portfolio
10.7.3. Strategic Developments
10.7.4. Sales, Revenue and Market Share
10.8. Groupe Renault
10.8.1. Business Overview
10.8.2. Product Portfolio
10.8.3. Strategic Developments
10.8.4. Sales, Revenue and Market Share
10.9. Ford Motor Company
10.9.1. Business Overview
10.9.2. Product Portfolio
10.9.3. Strategic Developments
10.9.4. Sales, Revenue and Market Share
10.10.Daimler AG
10.10.1. Business Overview
10.10.2. Product Portfolio
10.10.3. Strategic Developments
10.10.4. Sales, Revenue and Market Share
11. Global Electric Vehicle Market Competition, by Manufacturer
11.1. Global Electric Vehicle Sales and Market Share by Manufacturer (2017-2017)
11.2. Global Electric Vehicle Revenue and Market Share by Manufacturer (2017-2017)
11.3. Global Electric Vehicle Price by Manufacturer (2017-2017)
11.4. Top 5 Electric Vehicle Manufacturer Market Share
11.5. Market Competition Trend
12. Electric Vehicle Market Forecast (2027-2023)
12.1. Global Electric Vehicle Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
12.2. Electric Vehicle Market Forecast by Regions (2027-2023)
12.2.1. North America Electric Vehicle Market Forecast (2027-2023)
12.2.1.1. United States Electric Vehicle Market Forecast (2027-2023)
12.2.1.2. Canada Electric Vehicle Market Forecast (2027-2023)
12.2.1.3. Mexico Electric Vehicle Market Forecast (2027-2023)
12.2.2. Europe Electric Vehicle Market Forecast (2027-2023)
12.2.2.1. Germany Electric Vehicle Market Forecast (2027-2023)
12.2.2.2. United Kingdom Electric Vehicles Market Forecast (2027-2023)
12.2.2.3. France Electric Vehicle Market Forecast (2027-2023)
12.2.2.4. Russia Electric Vehicle Market Forecast (2027-2023)
12.2.2.5. Italy Electric Vehicle Market Forecast (2027-2023)
12.2.2.6. Rest of the Europe Electric Vehicle Market Forecast (2027-2023)
12.2.3. Asia-Pacific Electric Vehicle Market Forecast (2027-2023)
12.2.3.1. China Electric Vehicle Market Forecast (2027-2023)
12.2.3.2. Japan Electric Vehicle Market Forecast (2027-2023)
12.2.3.3. Korea Electric Vehicle Market Forecast (2027-2023)
12.2.3.4. India Electric Vehicle Market Forecast (2027-2023)
12.2.3.5. Southeast Asia Electric Vehicle Market Forecast (2027-2023)
12.2.3.6. Rest of Asia-Pacific Electric Vehicle Market Forecast (2027-2023)
12.2.4. South America Electric Vehicle Market Forecast (2027-2023)
12.2.4.1. Brazil Electric Vehicle Market Forecast (2027-2023)
12.2.4.2. Argentina Electric Vehicle Market Forecast (2027-2023)
12.2.4.3. Columbia Electric Vehicle Market Forecast (2027-2023)
12.2.4.4. Rest of South America Electric Vehicle Market Forecast (2027-2023)
12.2.5. Middle East and Africa Electric Vehicle Market Forecast (2027-2023)
12.2.5.1. Saudi Arabia Electric Vehicle Market Forecast (2027-2023)
12.2.5.2. UAE Electric Vehicle Market Forecast (2027-2023)
12.2.5.3. Egypt Electric Vehicle Market Forecast (2027-2023)
12.2.5.4. Nigeria Electric Vehicle Market Forecast (2027-2023)
12.2.5.5. South Africa Electric Vehicle Market Forecast (2027-2023)
12.2.5.6. Rest of MEA Electric Vehicle Market Forecast (2027-2023)
12.3. Electric Vehicle Market Forecast by Technology (2027-2023)
12.3.1. Global Electric Vehicle Sales Forecast by Technology (2027-2023)
12.3.2. Global Electric Vehicle Sales Market Share Forecast by Technology (2027-2023)
12.4. Electric Vehicle Market Forecast by Power Source (2027-2023)
12.4.1. Global Electric Vehicle Sales Forecast by Power Source (2027-2023)
12.4.2. Global Electric Vehicle Sales Market Share Forecast by Power Source (2027-2023)
12.5. Electric Vehicle Market Forecast by Vehicle Type (2027-2023)
12.5.1. Global Electric Vehicle Sales Forecast by Vehicle Type (2027-2023)
12.5.2. Global Electric Vehicle Sales Market Share Forecast by Vehicle Type (2027-2023)
12.6. Electric Vehicle Market Forecast by Powertrain (2027-2023)
12.6.1. Global Electric Vehicle Sales Forecast by Powertrain (2027-2023)
12.6.2. Global Electric Vehicle Sales Market Share Forecast by Powertrain (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Electric Vehicle Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
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Demand Side |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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