Building Materials Market
Building Materials Market Size, Share, Growth & Trends Analysis Report By Type (Aggregates, Bricks, Cement, Others), By Application (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2025 To 2033
The global Electric Vehicle market was worth around USD 178.5 billion in 2021 and is predicted to grow to around USD 1108.8 billion by 2030 with a compound annual growth rate (CAGR) of roughly 22.5% between 2022 and 2030.
The report analyses the Electric Vehicle market’s drivers and restraints and the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Electric Vehicle market.
Electric vehicles are those that are either partly or completely powered by electricity. In recent years, electric vehicles have been deployed to replace traditional modes of transportation to reduce pollution. It has become extremely significant as a result of technological developments such as low carbon emission and maintenance, smoother driving, less engine noise, and improved fuel economy. Electric vehicles have several advantages over traditional fuel-powered vehicles, including cheap operating costs, zero carbon emissions, and others because they are powered by electricity. Consumers’ changing attitudes toward electric vehicles are boosting market growth as they become increasingly worried about pollution. One of the key factors propelling the expansion of the electric vehicle industry is the rise in EV sales across the globe. Increasing environmental concerns, customer preference is quickly shifting toward passenger and commercial electric vehicles (EV). Attributed to the rise in the population’s disposable income, luxury car manufacturing and sales have increased globally, causing the market to grow more quickly. Production of automobiles increases as demand for these improved vehicles rises. Additionally, the market for electric vehicles is positively impacted by expanding urbanization, lifestyle changes, an increase in investments, and rising consumer spending. Market participants have lucrative opportunities thanks to the rising demand for electric vehicles in the automotive and transportation industries.
On the basis of end-use, the electric vehicle market is segmented into private and commercial fleets. The commercial fleets segment is expected to grow significantly in the global electric vehicle market during the projection period. Rising fuel prices, tight environmental restrictions enforced by governments, increased usage of autonomous delivery vehicles, and increased use of electric buses and trucks are all contributing to this market’s strong rise. Commercial electric vehicles are anticipated to become more common on the road in the future. Electric commercial cars not only reduce greenhouse gas emissions and reliance on fossil fuels, but they also provide smooth operation and adherence to the latest emission requirements.
ATTRIBUTE | DETAILS |
Study Period | 2017-2030 |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Segmentation | By Components (Qualitative)
By Vehicle Types
By Vehicle Class
By Top Speed
By Vehicle Drive Type
By Charging Point Type
By Vehicle Connectivity
By Propulsion
By End Use
By Geography Analysis
|
The Asia Pacific region is expected to dominate the electric vehicle market over the forecast period. In the Asia Pacific area, South Korea, Japan, and China dominate the electric vehicle market. The EV market in this region is monopolized by China, which is both the world’s largest producer and buyer of electric vehicles. Their government has taken steps, such as offering subsidies to EV purchasers, passing legislation requiring all automakers to produce EVs proportionate to the volume of vehicles they produce, allocating a sizable amount of money for the construction of EV charging stations throughout major cities, and establishing rules against excessively polluting vehicles. India is making an effort to boost EV market demand. The country will become the region’s fastest-growing market for EVs as a result of new car scrappage legislation, which permits existing vehicles to be scrapped in exchange for low-emission vehicles, as well as other planned measures.
The major companies in the electric vehicle market have moved their attention to product production and are launching important tactics including mergers, acquisitions, and joint ventures with domestic and major players to expand their product offerings and solidify their market position globally.
The global Electric Vehicle market is segmented as follows:
By Components (Qualitative)
By Vehicle Types
By Vehicle Class
By Top Speed
By Vehicle Drive Type
By Charging Point Type
By Vehicle Connectivity
By Propulsion
By End Use
By Region/Geography
Frequently Asked Questions (FAQs):
1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Component
1.4.2. Vehicle Types
1.4.3. Vehicle Class
1.4.4. Top Speed
1.4.5. Charging Point Type
1.4.6. Vehicle Drive Type
2. Market Overview
2.1. Introduction
2.2. Analysis by Component, 2016-2028 (US$ Million)
2.3. Analysis by Vehicle Types, 2016-2028 (US$ Million)
2.4. Analysis by Vehicle Class, 2016-2028 (US$ Million)
2.5. Analysis by Top Speed, 2016-2028 (US$ Million)
2.6. Analysis by Vehicle Drive Type, 2016-2028 (US$ Million)
2.7. Analysis by Charging Point Type, 2016-2028 (US$ Million)
2.8. Market Analysis by Region, 2016-2028 (US$ Million)
3. ELECTRIC VEHICLE Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Components
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Component
3.6.2. Vehicle Types
3.6.3. Vehicle Class
3.6.4. Top Speed
3.6.5. Charging Point Type
3.6.6. Vehicle Drive Type
3.6.7. Region
3.7. Value Chain Analysis
4. ELECTRIC VEHICLE Market Competition Analysis
4.1. ELECTRIC VEHICLE Market Share Analysis by Company, 2019 – 2021
4.1.1. Top 3 Players, 2019 – 2021
4.1.2. Top 6 Players, 2019 – 2021
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
5. Global ELECTRIC VEHICLE Market Analysis by Component and Vehicle Drive Type, 2016-2028 (US$ Million)
5.1. Component
5.1.1. Global ELECTRIC VEHICLE Market Share, by Component, 2021 and 2028
5.1.2. Global ELECTRIC VEHICLE Market Revenue, by Component, 2016-2028 (US$ Million)
5.1.3. By Battery Cells & Packs Market Analysis 2016-2028 (US$ Million)
5.1.4. By On-Board Charge Market Analysis 2016-2028 (US$ Million)
5.2. Vehicle Types
5.2.1. Market Share, by Vehicle Types, 2021 and 2028
5.2.2. Market Revenue, by Vehicle Types, 2016-2028 (US$ Million)
5.2.3. By Passenger Cars Market Analysis 2016-2028 (US$ Million)
5.2.4. By Commercial Vehicles Market Analysis 2016-2028 (US$ Million)
5.3. Vehicle Class
5.3.1. Market Share, by Vehicle Class, 2021 and 2028
5.3.2. Market Revenue, by Vehicle Class, 2016-2028 (US$ Million)
5.3.3. By Low-priced Market Analysis 2016-2028 (US$ Million)
5.3.4. By Mid-priced Market Analysis 2016-2028 (US$ Million)
5.3.5. By Luxury Market Analysis 2016-2028 (US$ Million)
5.4. Top Speed
5.4.1. Market Share, by Top Speed, 2021 and 2028
5.4.2. Market Revenue, by Top Speed, 2016-2028 (US$ Million)
5.4.3. By <125 MPH Market Analysis 2016-2028 (US$ Million) 5.4.4. By >125 MPH Market Analysis 2016-2028 (US$ Million)
5.5. Vehicle Drive Type
5.5.1. Global ELECTRIC VEHICLE Market Share, by Vehicle Drive Type, 2021 and 2028
5.5.2. Global ELECTRIC VEHICLE Market Revenue, by Vehicle Drive Type, 2016-2028 (US$ Million)
5.5.3. By Front Wheel Drive Market Analysis 2016-2028 (US$ Million)
5.5.4. By Rear-Wheel-Drive Market Analysis 2016-2028 (US$ Million)
5.5.5. By All-Wheel Drive Market Analysis 2016-2028 (US$ Million)
5.6. Charging Point Type
5.6.1. Market Share, by Charging Point Type, 2021 and 2028
5.6.2. Market Revenue, by Charging Point Type, 2016-2028 (US$ Million)
5.6.3. By Normal Charging Market Analysis 2016-2028 (US$ Million)
5.6.4. By Super Charging Market Analysis 2016-2028 (US$ Million)
5.7. Vehicle Connectivity
5.7.1. Market Share, by Vehicle Connectivity, 2021 and 2028
5.7.2. Market Revenue, by Vehicle Connectivity, 2016-2028 (US$ Million)
5.7.3. By V2B or V2H Market Analysis 2016-2028 (US$ Million)
5.7.4. By V2G Market Analysis 2016-2028 (US$ Million)
5.7.5. By V2V Market Analysis 2016-2028 (US$ Million)
5.7.6. By V2X Market Analysis 2016-2028 (US$ Million)
5.8. Propulsion
5.8.1. Market Share, by Propulsion, 2021 and 2028
5.8.2. Market Revenue, by Propulsion, 2016-2028 (US$ Million)
5.8.3. By BEV Market Analysis 2016-2028 (US$ Million)
5.8.4. By PHEV Market Analysis 2016-2028 (US$ Million)
5.8.5. By FCEV Market Analysis 2016-2028 (US$ Million)
5.9. End Use
5.9.1. Market Share, by End Use, 2021 and 2028
5.9.2. Market Revenue, by End Use, 2016-2028 (US$ Million)
5.9.3. By Private Market Analysis 2016-2028 (US$ Million)
5.9.4. By Commercial Fleets Market Analysis 2016-2028 (US$ Million)
6. Global ELECTRIC VEHICLE Market Component Analysis by Region, 2016-2028 (US$ Million)
6.1. Battery Cells & Packs Market Analysis 2016-2028 (US$ Million)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.2. On-Board Charge Market Analysis 2016-2028 (US$ Million)
6.3. Motor Market Analysis 2016-2028 (US$ Million)
6.4. Reducer Market Analysis 2016-2028 (US$ Million)
6.5. Fuel Stack Market Analysis 2016-2028 (US$ Million)
6.6. Power Control Unit Market Analysis 2016-2028 (US$ Million)
6.7. Battery Management System Market Analysis 2016-2028 (US$ Million)
6.8. Fuel Processor Market Analysis 2016-2028 (US$ Million)
6.9. Power Conditioner Market Analysis 2016-2028 (US$ Million)
6.10. Air Compressor Market Analysis 2016-2028 (US$ Million)
6.11. Humidifier Market Analysis 2016-2028 (US$ Million)
7. Global ELECTRIC VEHICLE Market Vehicle Types Analysis by Region, 2016-2028 (US$ Million)
7.1. Passenger Cars Market Analysis 2016-2028 (US$ Million)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. Commercial Vehicles Market Analysis 2016-2028 (US$ Million)
8. Global ELECTRIC VEHICLE Market Vehicle Class Analysis by Region, 2016-2028 (US$ Million)
8.1. Low-priced Market Analysis 2016-2028 (US$ Million)
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Latin America
8.1.5. Middle East & Africa
8.2. Mid-priced Market Analysis 2016-2028 (US$ Million)
8.3. Luxury Market Analysis 2016-2028 (US$ Million)
9. Global ELECTRIC VEHICLE Market Top Speed Analysis by Region, 2016-2028 (US$ Million)
9.1. <125 MPH Market Analysis 2016-2028 (US$ Million)
9.1.1. North America
9.1.2. Europe
9.1.3. Asia Pacific
9.1.4. Latin America
9.1.5. Middle East & Africa
9.2. >125 MPH Market Analysis 2016-2028 (US$ Million)
10. Global ELECTRIC VEHICLE Market Vehicle Drive Type by Region, 2016-2028 (US$ Million)
10.1. Front Wheel Drive Market Analysis 2016-2028 (US$ Million)
10.1.1. North America
10.1.2. Europe
10.1.3. Asia Pacific
10.1.4. Latin America
10.1.5. Middle East & Africa
10.2. Rear Wheel Drive Market Analysis 2016-2028 (US$ Million)
10.3. All-Wheel Drive Market Analysis 2016-2028 (US$ Million)
11. Global ELECTRIC VEHICLE Market Charging Point Type by Region, 2016-2028 (US$ Million)
11.1. Normal Charging Market Analysis 2016-2028 (US$ Million)
11.1.1. North America
11.1.2. Europe
11.1.3. Asia Pacific
11.1.4. Latin America
11.1.5. Middle East & Africa
11.2. Super Charging Market Analysis 2016-2028 (US$ Million)
12. Global ELECTRIC VEHICLE Market Vehicle Connectivity by Region, 2016-2028 (US$ Million)
12.1. V2B or V2H Market Analysis 2016-2028 (US$ Million)
12.1.1. North America
12.1.2. Europe
12.1.3. Asia Pacific
12.1.4. Latin America
12.1.5. Middle East & Africa
12.2. V2G Market Analysis 2016-2028 (US$ Million)
12.3. V2V Market Analysis 2016-2028 (US$ Million)
12.4. V2X Market Analysis 2016-2028 (US$ Million)
13. Global ELECTRIC VEHICLE Market Propulsion by Region, 2016-2028 (US$ Million)
13.1. BEV Market Analysis 2016-2028 (US$ Million)
13.1.1. North America
13.1.2. Europe
13.1.3. Asia Pacific
13.1.4. Latin America
13.1.5. Middle East & Africa
13.2. PHEV Market Analysis 2016-2028 (US$ Million)
13.3. FCEV Market Analysis 2016-2028 (US$ Million)
14. Global ELECTRIC VEHICLE Market End Use by Region, 2016-2028 (US$ Million)
14.1. Private Market Analysis 2016-2028 (US$ Million)
14.1.1. North America
14.1.2. Europe
14.1.3. Asia Pacific
14.1.4. Latin America
14.1.5. Middle East & Africa
14.2. Commercial Fleets Market Analysis 2016-2028 (US$ Million)
15. ELECTRIC VEHICLE Market Analysis by Geography, 2016-2028 (US$ Million)
15.1. North America ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.1.1. U.S. ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.1.1.1. Component
15.1.1.2. Vehicle Types
15.1.1.3. Vehicle Class
15.1.1.4. Top Speed
15.1.1.5. Vehicle Drive Type
15.1.1.6. Charging Point Type
15.1.1.7. Vehicle Connectivity
15.1.1.8. Propulsion
15.1.1.9. End Use
15.1.2. Canada ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.1.3. Mexico ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.2. Europe ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.2.1. UK ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.2.1.1. Component
15.2.1.2. Vehicle Types
15.2.1.3. Vehicle Class
15.2.1.4. Top Speed
15.2.1.5. Vehicle Drive Type
15.2.1.6. Charging Point Type
15.2.1.7. Vehicle Connectivity
15.2.1.8. Propulsion
15.2.1.9. End Use
15.2.2. France ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.2.3. Germany ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.2.4. Spain ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.2.5. Russia ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.2.6. Italy ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.2.7. Rest of Europe ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.3. Asia Pacific ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.3.1. China ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.3.1.1. Component
15.3.1.2. Vehicle Types
15.3.1.3. Vehicle Class
15.3.1.4. Top Speed
15.3.1.5. Vehicle Drive Type
15.3.1.6. Charging Point Type
15.3.1.7. Vehicle Connectivity
15.3.1.8. Propulsion
15.3.1.9. End Use
15.3.2. Japan ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.3.3. South Korea ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.3.4. India ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.3.5. Australia ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.3.6. Southeast Asia ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.3.7. Taiwan ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.3.8. Rest of Asia Pacific ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.4. Latin America ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.4.1. Brazil ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.4.1.1. Component
15.4.1.2. Vehicle Types
15.4.1.3. Vehicle Class
15.4.1.4. Top Speed
15.4.1.5. Vehicle Drive Type
15.4.1.6. Charging Point Type
15.4.1.7. Vehicle Connectivity
15.4.1.8. Propulsion
15.4.1.9. End Use
15.4.2. Argentina ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.4.3. Rest of Latin America ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.5. Middle East ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.5.1. Israel ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.5.2. Turkey ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.5.3. Saudi Arabia ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.5.4. UAE ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.5.5. Rest of Middle East ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.6. Africa ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.6.1. Egypt ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.6.1.1. Component
15.6.1.2. Vehicle Types
15.6.1.3. Vehicle Class
15.6.1.4. Top Speed
15.6.1.5. Vehicle Drive Type
15.6.1.6. Charging Point Type
15.6.1.7. Vehicle Connectivity
15.6.1.8. Propulsion
15.6.1.9. End Use
15.6.2. South Africa ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
15.6.3. Rest of Africa ELECTRIC VEHICLE Market Analysis 2016-2028 (US$ Million)
16. Company Profiles
16.1. Tesla
16.1.1. Company Overview
16.1.2. Financial Performance
16.1.3. Product Benchmarking
16.1.4. Strategic Initiatives
16.2. Volkswagen AG
16.3. Saic motors
16.4. BYD
16.5. Stellantis
16.6. BMW Group
16.7. Nissan motors
16.8. Hyundai Group
16.9. Great wall motors
16.10. Toyota motor corp
16.11. GAC motors
16.12. Renault group
16.13. Others
17. COVID-19 Impact Analysis
17.1. Global ELECTRIC VEHICLE Market, 2020 – 2028, Pre V/S Post COVID 19
17.2. Estimated Impact Of The Coronavirus (Covid-19) Epidemic On The ELECTRIC VEHICLE Market Size In 2022, By Scenario
17.3. Impact on Supply Chain and Production in ELECTRIC VEHICLE Market
17.4. Impact on Import and Export
18. Import-Export Analysis
18.1. North America ELECTRIC VEHICLE Import-Export, 2016 – 2021
18.2. Europe ELECTRIC VEHICLE Import-Export, 2016 – 2021
18.3. Asia Pacific ELECTRIC VEHICLE Import-Export, 2016 – 2021
18.4. Latin America ELECTRIC VEHICLE Import-Export, 2016 – 2021
18.5. Middle East America ELECTRIC VEHICLE Import-Export, 2016 – 2021
18.6. Africa ELECTRIC VEHICLE Import-Export, 2016 – 2021
19. ELECTRIC VEHICLE Marketing Channel Analysis
19.1. Marketing Channel
19.1.1. Direct Marketing
19.1.2. Indirect Marketing
19.1.3. Development Trend
19.2. Market Positioning
20. ELECTRIC VEHICLE Manufacturing Cost Analysis
20.1. Key Raw Materials
20.2. Key Raw Material Suppliers
20.3. Market Concentration Rate
20.4. Manufacturing Cost Structure
20.5. Process Analysis
21. Conclusion
By Components (Qualitative)
By Vehicle Types
By Vehicle Class
By Top Speed
By Vehicle Drive Type
By Charging Point Type
By Vehicle Connectivity
By Propulsion
By End Use
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