Global New Energy Vehicles Market, By Vehicle Type (Passenger cars, Buses, Industrial Vehicles, Scooters, Others), Energy Type (BEV’s, PHEV’s, FCEV’s), Power Source (Stored Electricity, On Board Electric Generator), Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid), 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, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global New Energy Vehicles Market
New energy vehicles market will reach at an estimated value of USD 856 billion and grow at a CAGR of 22.55% in the forecast period of 2021 to 2028. Rise in the preference for energy efficient vehicles is an essential factor driving the new energy vehicles market.
The new energy vehicle was employed by government in different nations to avoid the emission of oxide of nitrogen and oxide of sulphur, causing pollution. The electric battery energy is stored inside the vehicle, making it operable. These automobiles do not requisite any kind of environmentally dangerous fuel, gas or oil.
Rise in the various initiatives by government is a crucial factor accelerating the market growth, also rise in the environmental awareness among people and increase in the fast charging availability in private and public are the major factors among others boosting the new energy vehicles market. Moreover, rise in the research and development activities in the market will further create new opportunities for new energy vehicles market in the forecast period mentioned above.
However, lack of knowledge about energy efficient vehicles and improper charging infrastructure are the major factors among others restraining the market growth, and will further challenge the new energy vehicles market in the forecast period mentioned above.
This new energy vehicles market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 new energy vehicles 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 New Energy Vehicles Market Scope and Market Size
New energy vehicles market is segmented on the basis of vehicle type, energy type, power source and powertrain. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of vehicle type, new energy vehicles market is segmented into passenger cars, buses, industrial vehicles, scooters and others.
- Based on energy type, the new energy vehicles market is segmented into BEV’s, PHEV’s and FCEV’s.
- Based on power source, the new energy vehicles market is segmented into stored electricity and on board electric generator.
- The new energy vehicles market is also segmented on the basis of powertrain into series hybrid, parallel hybrid and combined hybrid.
New Energy Vehicles Market Scope Country Level Analysis
New energy vehicles market is analysed and market size, volume information is provided by country, vehicle type, energy type, power source and powertrain.as referenced above.
The countries covered in the new energy vehicles 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 the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the new energy vehicles market due to rise in the environmental awareness among people and increase in the fast charging availability in private and public in this region.
The country section of the new energy vehicles 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and New Energy Vehicles Market Share Analysis
New energy vehicles 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, regional presence, 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 new energy vehicles market.
The major players covered new energy vehicles market report are Toyota Kirloskar Motor, Nissan, Tesla, Mitsubishi Electric Corporation, General Motors, Ford Motor Company, BMW AG, Renault, AB Volvo, Daimler AG, Volkswagen, Honda Motor Company, Fiat Automobiles, BYD Company Ltd, CHERY, ZOTYE AUTO Zotye Holding Group, YUTONG, BAIC Group, ETW International., Zhongtong Bus, Geely Auto, SAIC Motor Corporation Limited and JAC Motors among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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