Global Lithium-Ion Electric Vehicle Market, By Vehicle Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)), Capacity (<50 kWh, 51-100 kWh, 101-300 kWh, >300 kWh), Product Type (Passenger Car, Commercial Vehicle, Two Wheeler), Charging Station Type (Normal charging, Super charging), Bonding Type (Wire, Laser), Vehicle Class (Mid-Priced, Luxury), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa), Industry Trends and Forecast to 2029
Market Analysis and Insights of Lithium-Ion Electric Vehicle Market
Lithium-ion electric vehicle market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 16.83% in the above-mentioned forecast period.
Lithium-ion (Li-ion) electric vehicle basically refers to the vehicle which consists of a lithium-ion battery. Lithium-ion battery is an advanced battery technology which uses lithium ions as a key component of its electrochemistry. These batteries are used in various types of vehicles such as Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV) and Hybrid Electric Vehicle (HEV).
The factors such as the growing demand for zero emission vehicles and increase in petrol and diesel prices due to the depletion of fossil fuel reserves has increased the demand for advanced fuel-efficient technologies, which in turn increases the product demand has resulted in growth in the market value in the forecast period of 2022 to 2029. Additionally, the decreasing cost of EV battery system, rising concerns regarding the harmful effects of climate change with the emission of fuel vehicle coupled with rising alarming pollution level recorded in major countries are estimated to accelerate market’s growth. The rising ongoing development of lithium-ion batteries has enabled battery manufacturers to produce a high-performance battery that satisfies the need for lightweight vehicle and rising concerns related to decreasing oil and gas resources and degrading environmental conditions with the use of gasoline vehicles also cushions the market’s growth within the forecasted period. However, the factors such as rising demand-supply gap of some essential raw materials and the fluctuating raw material prices will further restrict the scope of growth for the market.
Furthermore, the increasing technological advancements and modernization in the production techniques will further offer a variety of growth opportunities for the market in the forecast period of 2022 to 2029. On the other hand, the high cost of electric vehicles is projected to pose as a major challenge to the market growth rate.
This lithium-ion electric vehicle market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on lithium-ion electric vehicle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Lithium-Ion Electric Vehicle Market Scope and Market Size
The lithium-ion electric vehicle market is segmented on the basis of vehicle type, capacity, product type, charging station type, bonding type and vehicle class. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of vehicle type, electric vehicles battery market is segmented into battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV) and hybrid electric vehicle (HEV).
- On the basis of capacity, electric vehicles battery market is segmented into <50 kWh, 51-100 kWh, 101-300 kWh and >300 kWh.
- On the basis of product type, electric vehicles battery market is segmented into passenger car, commercial vehicle and two wheeler.
- Based on charging station type, the electric vehicles battery market is segmented into normal charging and super charging.
- Based on bonding type, the electric vehicles battery market is segmented into wire and laser.
- The electric vehicles battery market is also segmented on the basis of vehicle class into mid-priced and luxury.
Lithium-Ion Electric Vehicle Market Country Level Analysis
The global lithium-ion electric vehicle market is analyzed and market size insights and trends are provided by vehicle type, capacity, product type, charging station type, bonding type and vehicle class as referenced above.
The countries covered in the lithium-ion electric vehicle market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the lithium-ion electric vehicle market and will continue to flourish its trend of dominance during the forecast period owing to the rising concerns regarding the harmful effects of climate change with the emission of fuel vehicle, rising alarming pollution level recorded in major countries and rising concerns related to decreasing oil and gas resources and degrading environmental conditions with the use of gasoline vehicles within the forecast period of 2022 to 2029. Europe on the other hand, is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the rising awareness regarding the pollution and various governmental agencies to encourage the sale of these vehicles within this region.
The country section of the lithium-ion electric vehicle market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Lithium-Ion Electric Vehicle Market Share Analysis
The lithium-ion electric vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lithium-ion electric vehicle market.
Some of the major players operating in the lithium-ion electric vehicle market report are A123 Systems LLC, Panasonic Corporation, MITSUBISHI MOTORS CORPORATION, ENVISION AESC GROUP LTD., BYD Company Ltd., LG Chem, Daimler AG, Robert Bosch GmbH, SAMSUNG SDI CO.,LTD., Wanxiang, Reuters,, Johnson Controls, GS Yuasa International Ltd. and Hitachi, Ltd., among others.
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