Code: IMR0207 | Automotive &Transportation | Sep-2021 | 130 Pages |
In 2021, the Global Electric
Passenger Cars Market’s size was valued at USD XX.XX billion and is estimated
to reach USD xx. xx billion by 2028 and is expected to be growing at a CAGR of 32.7
% throughout the forecast period. In this report, 2021 has been taken as the
base year while 2020 is the historical year. The forecast year for the report
is 2028 to approximate the size of the market for Electric Passenger Cars.
Icon Market Research’s report on Electric
Passenger Cars studies the past and current opportunities of growth and trends
to get a clear picture of the growth indicators of the market for the forecast
period 2021 to 2028. The report also offers the revenue generated by the Electric
Passenger Cars market considering 2020 as the historical year, 2021 as the base
year, and 2028 as the forecast year. The report also consists of the compound
annual growth rate (CAGR) for the Electric Passenger Cars market over the
forecast period.
Overview
Report of Electric Passenger
Cars Market
The Electric Passenger Cars market report provides
information and statistics on market shares, size, restraining factors, and
driving factors for the forecast period 2021 to 2028. It also mentions the role
of main market players in the automotive industry. The report on Electric
Passenger Cars market evaluates the value of the market report, keeping in mind
the application and regional segments, market share, and size while forecasting
the market for each product type and application of the Electric Passenger Cars
market in different segments of the report. The research report also mentions
some sections of the Electric Passenger Cars market including opportunities,
growth, trend, size, demand, and technology used by prominent players of the
market. Then, it gives detailed profiles of the key players as a part of the
competitive landscape of the Electric Passenger Cars market.
The study of the
report divides it into several sub-segments and represents the whole automotive
industry. An estimation of the revenue generated by the entire automotive
industry and its sub-segments are also provided in the report. It decides the
factors that affect the demand of the automotive industry rapidly, including
methods of development, growth networks, and the product model. The report also
points out the greatest prospects for the growth of the automotive market such
as forecasting the growth of the market, the launch of new goods, and analysis
of the product demand, purchase decisions, several economic factors that are
important to determine the trend of Electric Passenger Cars market, and the
attractiveness of the market. The report on the Electric Passenger Cars market
will help in assisting the stakeholders in identifying high-potential
customers, such as distributors and manufacturers.
Methodology
of Electric Passenger Cars
Market
The methods used for collecting
information for the report involve 4 main activities. These activities help in
estimating the current size of the Electric Passenger Cars market. Thorough
secondary research was conducted to collect information on the Electric
Passenger Cars market, such as new technologies coming into the market, and
components connected with this market. Then the collected information was
validated with experts from the automotive industry across all the value chains
through primary researches. Both top-down and bottom-up approaches were used
for estimating the market size.
The secondary research includes
collecting data from sources such as government publications such as
country-level automotive associations and organizations, World Bank, Eurostat,
Organization for Economic Co-operation and Development (OECD), and CDC;
regulatory and corporate filings such as SEC filings, annual reports, investor
presentations, and business magazines, financial statements, press releases,
and research journals, free and paid automotive databases such as Organization
International des Constructer’s d’Automobiles (OICA), Marlines, etc., and
trade, business, and professional associations. The secondary data collected
was then analyzed to predict the overall size of the market which was later
validated with primary research.
Thorough primary research was done
after getting a clear picture of the Electric Passenger Cars market through
secondary research. Many market experts were interviewed for the primary
research from both the supply-side players and demand-side players and across
four major regions, namely, Europe, North America, Asia Oceania, and the Rest
of the World. Apart from the interviews, primary data was collected through
mails, questionnaires, and telephonic interviews.
Growth Mapping of Electric Passenger Cars Market
The main aim of the
Electric Passenger Cars report is to give the map of the growth for the Electric
Passenger Cars market that will help in providing the clients with the required
information for the formulation strategies to meet their respective business
goals. The report also provides deep knowledge of the Electric Passenger Cars
for the previous year as well as for the forecast years and what the CAGR level
of the market is going to be. This report is a synopsis of what the market
conditions are going to be while also giving information regarding the market’s
definition, classifications, applications, and engagements are. This report
also aims to analyze the Electric Passenger Cars market’s developments
including the market improvement, market position, and others which are usually
done by the prominent players and brands of the automotive industry. This
report also consists of all the market drivers and restraints which are
obtained through SWOT analysis. The report also has the CAGR values of the Electric
Passenger Cars market for the base years 2021, the historic year 2020, and
forecast years 2021-2028.
Regional
Analysis of Electric
Passenger Cars Market
The Electric Passenger Cars market report provides a study for more than 20 countries and their market players The report covers a regional and country-level analysis that covers North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East. The market is deeply analyzed for each region, which helps in identifying the market trends for each region, growth opportunities, and restraining factors.
For the forecast year 2021-2028,
it has been estimated that North America will the dominating market for Electric
Passenger Cars. This region
is expected to see growth in the automotive industry because of the increasing
population, increase in per capita income, and improvement in living standards.
There has been an increase in demand for comfort features in vehicles and
fuel-efficient vehicles which accelerates the growth of the Electric Passenger
Cars market. The weight reduction of vehicles and enhanced energy efficiency is
further driving the automotive industry. The other factors which are
driving the growth of the Electric Passenger Cars market include the
development of marketing analytics tools and firmly established existing
players in the market. In addition to this, government agencies, companies,
third-party administrators, etc. are channelizing their efforts to make
customer-centric automotive products which will also contribute to the growth
of the Electric Passenger Cars market in this region. Rising demand for
vehicles and their parts, increased investment by the government, new and
advanced technology, and machinery, along with the improved marketing tactics
will likely cause the Electric Passenger Cars market to grow substantially.
The Asia Pacific market is estimated to grow at the highest CAGR during
the forecast period (2021-2028). This growth is driven by the increasing
research activities, growing demand for vehicles and parts, and an increasing
number of initiatives by market players for expanding their presence in the
APAC, and higher adoption of Electric Passenger Cars in several APAC countries.
Improvements
in GDP per capita and infrastructure development have urbanized the region to a
greater extent turning rural areas into urban areas. The sudden surge in the
demand has caused the cities to fall into unsustainable consumption models. The
top key players in the Electric Passenger Cars market are located in the
region. China and India are
expected to offer significant growth opportunities for players operating in the
Electric Passenger Cars market, owing to the growing support from government
bodies, increasing demand for new vehicles with special features, and the
presence of less-stringent regulations and data requirements (as compared to
developed countries) in their respective healthcare systems.
Competitive
Landscape of Electric
Passenger Cars Market
The report provides a competitive
landscape on both the quantitative as well as qualitative research of Electric
Passenger Cars market. The report also provides detailed insights on the
development methods used by the key market players. The report offers deep
research on the key market players and details on the competitiveness of these
players. The main business strategies used by these players such as mergers and
acquisitions (M&A), collaborations, affiliations, and contracts are also
and analyzed in the report. For each competitor, the report studies their
global presence, service offerings, competitors, and specification. The main
players covered by the study on the global Electric Passenger Cars market are: Tesla;
General Motors Company; TOYOTA MOTOR CORPORATION; Nissan Motor Corporation;
Volkswagen AG.
The Report
Provides Insights on The Following Pointers:
●
It gives a forecast analysis of
factors that are driving or restraining the development of the Electric
Passenger Cars market.
●
The report gives a seven-year
forecast value evaluated on the basis of the current market performance of the
automotive industry.
●
It helps in understanding the main
segments of the products and their future.
●
The report gives a deep analysis
of changing competition in the market which keeps you ahead of your
competitors.
●
The report gives the market definition of the Electric Passenger
Cars market along with the analysis of different factors influencing the market
such as drivers, opportunities, and restraints.
The Report
Answers Questions Such As:
●
What is the potential opportunity for the Electric Passenger Cars
market?
●
What are the major drivers, restraints, and opportunities of the Electric
Passenger Cars market?
●
What is the market share of the leading segments and sub-segments
of the Electric Passenger Cars market in the forecast period (2021-2028)?
●
How did the Electric Passenger Cars market evolve?
●
How each segment of the Electric Passenger Cars market is expected
to grow during the forecast period?
●
What is the expected revenue to be generated by each of the
segments by the end of 2028?
●
What are the key development strategies implemented by the key
players to stand out in this Electric Passenger Cars market?
●
What is the preferred business model used for building Electric
Passenger Cars?
●
Which area of application is expected to be the highest revenue
generator in the Electric Passenger Cars market during the forecast period?
●
Which end-user segment is expected to be the highest revenue
generator in this industry during the forecast period?
●
What is the potential of Electric Passenger Cars market in the
emerging countries during the forecast period?
BYD Company Ltd.
Daimler AG
Ford Motor Company
General Motors Company
Lucid Motors
Rivian
Karma Automotive
Fisker Inc.
Mitsubishi Motors Corporation
Nissan Motor Company
SAIC Motor Corporation Limited
Tesla
TOYOTA MOTOR CORPORATION
Volkswagen AG