Electric car market 2021-2025: segmentation
- Type
- geography
- APAC
- North America
- Europe
- South America
- MY
Suppliers in the electric car market should focus on seizing business opportunities from the sedan segment, as this had the largest market share in the base year.
Download the free sample report for insights into the segments that will help companies assess and develop growth strategies for 2021-2025.
The market is fragmented and the level of fragmentation will slow down over the forecast period. BAIC Motor Corp. Ltd., BMW AG, BYD Co. Ltd., Chongqing Changan Automobile Co. Ltd., Chery, Geely Auto Group, General Motors Co., KIA Motor Corp, Nissan Motor Co. Ltd. and Tesla Inc. are key players in the market.
One of the key factors driving the growth of the electric car market is the increasing demand and sales of BEVs in the world market. Sales of PHEVs and BEVs saw significant growth worldwide in 2021, especially in China and the USA and some countries in Europe. The number of BEV manufacturers has increased in China in the past couple of years. This is due to the growing demand for new energy vehicles in the country. The presence of electric vehicles to support infrastructure, government regulations, and subsidies and incentives for the use of all-electric vehicles are some of the important factors driving the all-electric vehicle market to grow in China. In Europe, Countries like Norway, the Netherlands, Germany, Iceland, and Poland dominated regional sales. The growing demand and sales of BEVs in these countries and regions are driving the growth of the global market for electric cars.
Find out more about the additional trends & drivers that will influence the future of the market and the positive and negative effects on the companies. Download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR71683
Electric Car Market 2021-2025: Scope
Technavio presents a detailed picture of the market through study, synthesis and summation of data from multiple sources. Our electric car market report covers the following areas:
The high operating costs of BEVs will represent a major challenge for the electric car market in the forecast period. BEVs, or all-electric cars, are expensive compared to traditional vehicles, especially for consumers in the developing automotive markets. In developed automotive markets, improved socio-economic conditions, developed electric vehicle infrastructure, increased localization of manufacturing, and government incentives / subsidies make BEVs significantly affordable. However, this does not apply to emerging automotive markets. For consumers in such markets, the operating costs of BEVs are higher compared to the ICE options available in the market. For the majority of consumers, the entry-level price of an entry-level BEV is more expensive compared to the ICE options available in this price segment. After-sales services such as electric vehicle component maintenance are expensive due to the immature local market and the unavailability of electric vehicle replacement parts. These factors have slowed the growth of the global electric car market.
Electric car market 2021-2025: provider analysis
We provide a detailed analysis of the vendors operating in the electric car market. Backed by competitive intelligence and benchmarking, our research reports on the Electric Car market provide entry-level assistance, customer profile and M & As, as well as support with go-to-market strategy.
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Electric car market 2021-2025: The main highlights
- CAGR of the market during the forecast period 2021-2025
- – Detailed information on factors that will support the growth of the electric car market over the next five years
- – Estimate of the electric car market size and its contribution to the parent market
- Predicting upcoming trends and changes in consumer behavior
- The growth of the electric car market
- Analysis of the competitive landscape of the market and detailed information on providers
- – Full details of factors that are calling into question the growth of Electric Car Market vendors
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|
Size of the electric car market |
|
|
Report coverage |
details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth dynamics & CAGR |
Slow down with a CAGR of 27.49% |
|
Market growth 2021-2025 |
7.36 million units |
|
Market structure |
Fragmented |
|
YoY Growth (%) |
29.97 |
|
Regional analysis |
APAC, North America, Europe, South America and MEA |
|
Contribute to the market |
APAC at 39% |
|
Main consumer countries |
China, USA, Norway, Japan and Germany |
|
Competitive landscape |
Leading companies, competitive strategies, level of consumer engagement |
|
Company profile |
BAIC Motor Corp. Ltd., BMW AG, BYD Co. Ltd., Chongqing Changan Automobile Co. Ltd., Chery, Geely Auto Group, General Motors Co., KIA Motor Corp, Nissan Motor Co. Ltd. and Tesla Inc. |
|
Market dynamics |
Overall market analysis, market growth factors and barriers, analysis of fast growing and slow growing segments, impact of COVID-19 and future consumer dynamics, analysis of market conditions for the forecast period, |
|
Adjustment area |
If our report doesn’t contain the data you are looking for, you can contact our analysts and customize segments. |
Table of Contents:
summary
Market landscape
- Market ecosystem
- Value chain analysis
Market dimensioning
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: forecast for 2020-2025
Five forces analysis
- Summary of the five forces
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat from new entrants
- Threat of replacement
- Threat of rivalry
- Market condition
Market segmentation by type
- Market segments
- Comparison by type
- Sedan Market Size and Forecast 2020-2025
- Hatchback – Market Size and Forecast 2020-2025
- Others – Market size and forecast 2020-2025
- Market opportunity by type
Customer landscape
Geographical landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2020-2025
- North America – Market size and forecast 2020-2025
- Europe – Market size and forecast 2020-2025
- South America – Market size and forecast 2020-2025
- MEA – Market size and forecast 2020-2025
- Main Leading Countries
- Market opportunities by geography
- Market leader
- Market challenges
- Market trends
Provider landscape
- overview
- Provider landscape
- Landscape disturbance
Supplier analysis
- Covered providers
- Market positioning of providers
- BAIC Motor Corp. GmbH.
- BMW AG
- WELT Co. GmbH.
- Chongqing Changan Automobile Co. Ltd.
- cherry
- Geely Auto Group
- General Motors Co.
- KIA Motor Corp.
- Nissan Motor Co. Ltd.
- Tesla Inc.
Appendix
- Scope of the report
- Currency conversion rates for US $
- Research methodology
- List of abbreviations
about us
Technavio is a leading global technology research and consulting company. Her research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes more than 17,000 reports and more than 800 technologies in 50 countries. Her customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.
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