According to the research report, the global solar vehicle market size is expected to touch USD 5.26 Billion by 2030, from USD 0.555 Billion in 2022, growing with a significant CAGR of 32.2% from 2022 to 2030.

The solar vehicle report offers a
comprehensive study of the current state expected at the major drivers, market
strategies, and key vendors’ growth. The report presents energetic visions to
conclude and study the market size, market hopes, and competitive surroundings.
The research also focuses on the important achievements of the market, research
& development, and regional growth of the leading competitors operating in
the market. The current trends of the global solar vehicle in conjunction with
the geographical landscape of this vertical have also been included in this
report.
The report offers intricate dynamics about
different aspects of the global solar vehicle market, which aids companies
operating in the market in making strategic development decisions. The study
also elaborates on significant changes that are highly anticipated to configure
growth of the global solar vehicle during the forecast period. It also includes
a key indicator assessment that highlights growth prospects of this market and
estimates statistics related to growth of the market in terms of value (US$ Mn)
and volume (tons).
Sample
Link @ https://www.precedenceresearch.com/sample/1427
| Report Coverage | Details |
| Market Size In 2020 | USD 328.4 Million |
| Growth Rate From 2021 to 2030 | CAGR of 32.2% |
| Largest Market | Europe |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Vehicle Type, Electric Vehicle Type, Battery Type, Region |
This study covers a detailed segmentation
of the global solar vehicle market, along with key information and a
competition outlook. The report mentions company profiles of players that are
currently dominating the global solar vehicle market, wherein various
developments, expansions, and winning strategies practiced and implemented by
leading players have been presented in detail.
Key Players
- Volkswagen
- Toyota
- Lightyear
- Ford Motor Company
- Fiat Chrysler Automobiles
- America Cruise Car
- Venturi Automobiles
- Hanergy
- Mahindra
- The Solar Electric Vehicle Company
Market Segmentation
- Passenger
- Commercial
By Electric Vehicle Type
- BEV
- HEV
- Plug-in HEV
By Battery Type
- Lithium Ion
- Lead Acid
- Lead Carbon
By Solar Panel
- Monocrystalline
- Polycrystalline
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Research Methodology
The research methodology adopted by
analysts for compiling the global solar vehicle report is based on detailed
primary as well as secondary research. With the help of in-depth insights of
the market-affiliated information that is obtained and legitimated by
market-admissible resources, analysts have offered riveting observations and authentic
forecasts for the global market.
During the primary research phase, analysts
interviewed market stakeholders, investors, brand managers, vice presidents,
and sales and marketing managers. Based on data obtained through interviews of
genuine resources, analysts have emphasized the changing scenario of the global
market.
For secondary research, analysts
scrutinized numerous annual report publications, white papers, market
association publications, and company websites to obtain the necessary understanding
of the global solar vehicle market.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Solar Vehicle Market
5.1. COVID-19 Landscape: Solar Vehicle Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Solar Vehicle Market, By Vehicle
8.1. Solar Vehicle Market, by Vehicle Type, 2021-2030
8.1.1. Passenger
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Commercial
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Solar Vehicle Market, By Electric Vehicle
9.1. Solar Vehicle Market, by Electric Vehicle, 2021-2030
9.1.1. BEV
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. HEV
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Plug-in HEV
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Solar Vehicle Market, By Battery Type
10.1. Solar Vehicle Market, by Battery Type, 2021-2030
10.1.1. Lithium Ion
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Lead Acid
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Lead Carbon
10.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Solar Vehicle Market, By Solar Panel Type
11.1. Solar Vehicle Market, by Solar Panel Type, 2021-2030
11.1.1. Monocrystalline
11.1.1.1. Market Revenue and Forecast (2019-2030)
11.1.2. Polycrystalline
11.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 12. Global Solar Vehicle Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.1.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.1.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.1.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.1.5.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.1.5.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.1.5.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.1.6.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.1.6.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.1.6.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.2.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.2.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.2.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.2.5.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.2.5.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.2.5.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.2.6.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.2.6.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.2.6.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.2.7.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.2.7.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.2.7.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.2.8.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.2.8.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.2.8.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.3.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.3.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.3.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.3.5.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.3.5.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.3.5.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.3.6.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.3.6.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.3.6.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.3.7.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.3.7.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.3.7.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.3.8.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.3.8.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.3.8.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.4.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.4.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.4.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.4.5.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.4.5.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.4.5.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.4.6.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.4.6.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.4.6.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.4.7.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.4.7.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.4.7.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.4.8.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.4.8.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.4.8.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.5.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.5.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.5.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.5.5.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.5.5.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.5.5.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
12.5.6.2. Market Revenue and Forecast, by Electric Vehicle (2019-2030)
12.5.6.3. Market Revenue and Forecast, by Battery Type (2019-2030)
12.5.6.4. Market Revenue and Forecast, by Solar Panel Type (2019-2030)
Chapter 13. Company Profiles
13.1. Volkswagen
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Toyota
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Lightyear
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Ford Motor Company
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Fiat Chrysler Automobiles
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. America Cruise Car
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Venturi Automobiles
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Hanergy
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Mahindra
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. The Solar Electric Vehicle Company
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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