The vehicle electrification market size is poised to grow by $ 271.2 billion by 2032 from $ 91.73 Billion in 2022, exhibiting a CAGR of 11.5% during the forecast period 2023-2032.
Key Takeaway:
- The Asia- Pacific market was valued at USD 45.81 billion in 2022.
- North America is expected to reach at a CAGR of 10.9% over the forecast period.
- By hybridization, the ICE segment has captured revenue share of 61% in 2022.
- The PHEV segment is poised to grow at a CAGR of 14.7% over the forecast period.
- By product, the electric power steering (EPS) segment has captured 12.5% revenue share in 2022.
- The electric vacuum pump segment is growing at a CAGR of 12.4% over the forecast period.
The main objective of this report is to define, describe, and forecast the global market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micro markets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in market.
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COVID-19 Impact
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the electric vehicle fuel cell market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
Major companies operating in this area
- Continental
- Valeo
- Robert Bosch GmbH
- Denso
- Mitsubishi Electric Corporation
- Johnson Electric
- Delphi Automotive PLC
Market Segmentation
By Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater Ptc
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
By Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Major highlights of Report:
- Figures related to sales volume, market remuneration, and segmental shares
- Featuring market dynamics
- Growth prospects and expansion graph
- PROCON study of direct & indirect sales channels
- Profiles of prominent traders, dealer, and distributors in the industry
Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa
- Industry forecasts based on region and at country level
- Data about sales volume recorded, industry share held, and profit margins amassed
- Overall remuneration and estimated growth rate for each regional market
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.
Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Vehicle Electrification Market, By Product
7.1. Vehicle Electrification Market, by Product Type, 2023-2032
7.1.1. Electric Power Steering (EPS)
7.1.1.1. Market Revenue and Forecast (2020-2032)
7.1.2. Integrated Starter Generator (ISG)
7.1.2.1. Market Revenue and Forecast (2020-2032)
7.1.3. Start/Stop System
7.1.3.1. Market Revenue and Forecast (2020-2032)
7.1.4. Electric Air Conditioner Compressor
7.1.4.1. Market Revenue and Forecast (2020-2032)
7.1.5. Liquid Heater Ptc
7.1.5.1. Market Revenue and Forecast (2020-2032)
7.1.6. Electric Oil Pump
7.1.6.1. Market Revenue and Forecast (2020-2032)
7.1.7. Electric Vacuum Pump
7.1.7.1. Market Revenue and Forecast (2020-2032)
7.1.8. Starter Motor & Alternator
7.1.8.1. Market Revenue and Forecast (2020-2032)
7.1.9. Electric Water Pump
7.1.9.1. Market Revenue and Forecast (2020-2032)
7.1.10. Actuators
7.1.10.1. Market Revenue and Forecast (2020-2032)
Chapter 8. Global Vehicle Electrification Market, By Hybridization
8.1. Vehicle Electrification Market, by Hybridization, 2023-2032
8.1.1. Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Battery Electric Vehicle (BEV)
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Plug-in Hybrid Electric Vehicle (PHEV)
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Hybrid Electric Vehicle (HEV)
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Vehicle Electrification Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2020-2032)
9.1.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2020-2032)
9.1.3.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2020-2032)
9.1.4.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2020-2032)
9.2.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2020-2032)
9.2.3.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2020-2032)
9.2.4.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
9.2.5.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
9.2.6.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2020-2032)
9.3.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2020-2032)
9.3.3.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2020-2032)
9.3.4.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
9.3.5.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
9.3.6.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2020-2032)
9.4.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2020-2032)
9.4.3.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2020-2032)
9.4.4.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
9.4.5.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
9.4.6.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2020-2032)
9.5.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2020-2032)
9.5.3.2. Market Revenue and Forecast, by Hybridization (2020-2032)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2020-2032)
9.5.4.2. Market Revenue and Forecast, by Hybridization (2020-2032)
Chapter 10. Company Profiles
10.1. Continental
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Valeo
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Robert Bosch GmbH
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Denso
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Mitsubishi Electric Corporation
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Johnson Electric
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Delphi Automotive PLC
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Hitachi, Ltd.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Nexteer Automotive
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. JTEKT Corporation
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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