Electric Mobility

Electric Mobility Market Predicted to Garner a Revenue of US$ 718 Billion By 2030 Electric Mobility Market Size, Share and Growth Analysis - Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 - 2030

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[150+ Pages Report] The electric mobility (e-mobility) market size in terms of value is projected to reach $ 718 billion by 2030, at a CAGR of 22% between 2021 and 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global electric mobility (e-mobility) market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global electric mobility (e-mobility) market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the electric mobility (e-mobility) industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Electric mobility solutions cover electric bicycle, electric skateboard, electric car, electric motorcycle, electric wheelchair, and electric scooter. These are electric-powered vehicles that emit almost zero emission in the environment. They account for the significant share in the automotive industry and transforming the way consumers comprehend mobility as a solution.

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Growth Factors

Rising concern for global warming and pollution have encouraged the governments of various regions to promote the large-scale adoption of electric vehicles in order to meet the climate change, local air quality, dependence of oil to drive a vehicle, and the growth of automotive industry. In support of this, governments of various countries are offering subsidies and tax benefits along with huge investment towards the development of electric vehicle charging infrastructure. For instance, the government of India recently announced to offer tax benefits on the purchase of electric vehicles in order to boost the adoption of e-vehicles across the country. In addition, the Indian government has also announced to impose strict regulation on the purchase of internal combustion engine powered vehicles in order to reduce its production by the year 2030.

Other than India, other nations such as Portugal, South Korea, Spain, and Germany have also set targets for the incorporation of electric vehicles as an environment-friendly solution into their mobility solutions across the country. For instance, South Korea aimed to deploy 200,000 electric vehicles on the road by the year 2020. Similarly, Germany aimed for the deployment of one million EVs and Portugal for 750,000 EVs by the year 2020. Other countries such as Finland, Malaysia, and South Africa have set their respective targets for the adoption of EVs in their automobile solutions across the country. Thus, the aforementioned initiatives taken by the various countries have resulted in prominent growth for the electric mobility market over the upcoming period.

Moreover, automobile companies aimed towards launching new and attractive models of electric vehicles and other mobility solutions. For instance, General Motors, a leading automotive player in electric vehicles announced to introduce 100 different models of e-cars by the year 2020. Furthermore, increasing popularity of services that includes ride-hailing, car sharing, e-bicycle, e-scooter, and e-motorcycle sharing. This in turn triggers the growth of electric mobility market during the anticipated time frame.

Report Highlights

  • The Asia Pacific dominated the global electric mobility market owing to rising demand for electric vehicles in the region
  • European market for global electric mobility is the other significant market and register prominent growth during the forecast time period
  • By product, electric cars segment led the global electric mobility market with a revenue share of nearly 70% in the year 2020 because of higher rate of adoption in the developed as well as developing nations
  • Based on battery, NiMH register the fastest growth over the forecast time period owing to prominent demand in HEVs
  • The greater than 48V voltage segment witness significant growth during the analysis period because of increasing research & development for higher speed and distance coverage of EVs

Report Coverage:

Report Scope Details
Market Size USD 718 Billion by 2030
Growth Rate CAGR of 22% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Battery, Voltage
Regional Scope North America, Asia Pacific, Europe, MEAN
Companies Mentioned Gogoro Inc., BMW Motorrad International, Honda Motor Co. Ltd., Mahindra Group, KTM AG, Ninebot Ltd., Terra Motors Corporation, Suzuki Motor Corporation, Vmoto Limited, Zero Motorcycles, Yamaha Motor Company Limited, ALTA Motors


Related Reports

  • Electric Scooters (E-Scooters) Market – The global market size was valued at US$ 18.5 billion in 2020 and expected to hit US$ 33.5 billion by 2030, anticipated to grow at a compound annual growth rate (CAGR) of 8.1% from 2021 to 2030.
  • Electric Vehicle Supply Equipment Market – The global market size was valued at USD 25.7 billion in 2020 and is expected to be valued at USD 212 billion by 2030, growing at a CAGR of 36% between 2021 and 2030
  • Electric Vehicle Charging Station Market – The global market size is expected to surpass over USD 39.2 billion by the end of 2027 and witness a compound annual growth rate (CAGR) of 40.7% from 2020 to 2027

Regional Snapshots

By geography, the Asia Pacific led the global electric mobility market with notable revenue share in the year 2020 and anticipated to register prominent growth during the forecast time period. This is mainly because of high rate of electric vehicle adoption across various countries such as South Korea, China, India, Japan, Australia, Singapore, ASEAN countries, and many others. The government of various Asian countries have issued mandatory laws in slowing down the production of internal combustion engine powered vehicles in respect of rising environmental pollution. Hence, this triggers the adoption of electric vehicles owing to its environment-friendly nature.

Rising population coupled with increasing price of oil including diesel, petrol, and other fuels anticipated to propel the demand for electric vehicles in the Asian countries. Further, rapid rise in the rate of production capacity for electric vehicles in the Asian countries such as China and Japan also thrive the market growth for electric mobility over the upcoming years.

However, European market growth for electric mobility estimated to register a value of 22% over the forecast timeframe. Rapid development in the European countries along with stringent measures adopted by the government in order to promote the adoption of electric mobility in the region is some of the factors that support the growth of the regional market.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global electric mobility (e-mobility) market are as follows:

  • Gogoro Inc.
  • BMW Motorrad International
  • Honda Motor Co. Ltd.
  • Mahindra Group
  • KTM AG
  • Ninebot Ltd.
  • Terra Motors Corporation
  • Suzuki Motor Corporation
  • Vmoto Limited
  • Zero Motorcycles
  • Yamaha Motor Company Limited
  • ALTA Motors
  • NYCeWheels
  • Lightning Motorcycles
  • Accell Group
  • Tesla

Market Segmentation

Product Type

  • Electric Bicycle
  • Electric Skateboard
  • Electric Car
  • Electric Motorcycle
  • Electric Wheelchair
  • Electric Scooter
    • Standing/Self-Balancing
    • Retro
    • Folding

Battery Type

  • NiMH
  • Sealed Lead Acid
  • Li-ion

Voltage Type

  • Less than 24V
  • 24V
  • 36V
  • 48V
  • Greater than 48V

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the electric mobility (e-mobility) market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global electric mobility (e-mobility) market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for electric mobility (e-mobility) are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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 Electric Mobility Market, By Product

7.1. Electric Mobility Market, by Product Type, 2021-2030

7.1.1. Electric Bicycle

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Electric Skateboard

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Electric Car

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Electric Motorcycle

7.1.4.1. Market Revenue and Forecast (2017-2030)

7.1.5. Electric Wheelchair

7.1.5.1. Market Revenue and Forecast (2017-2030)

7.1.6. Electric Scooter

7.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Electric Mobility Market, By Battery

8.1. Electric Mobility Market, by Battery, 2021-2030

8.1.1. NiMH

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Sealed Lead Acid

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Li-ion

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Electric Mobility Market, By Voltage 

9.1. Electric Mobility Market, by Voltage, 2021-2030

9.1.1. Less than 24V

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. 24V

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. 36V

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. 48V

9.1.4.1. Market Revenue and Forecast (2017-2030)

9.1.5. Greater than 48V

9.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Electric Mobility Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.2. Market Revenue and Forecast, by Battery (2017-2030)

10.1.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Battery (2017-2030)

10.1.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.1.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.2. Market Revenue and Forecast, by Battery (2017-2030)

10.2.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Battery (2017-2030)

10.2.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.2.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Battery (2017-2030)

10.2.6.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.7.2. Market Revenue and Forecast, by Battery (2017-2030)

10.2.7.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.2. Market Revenue and Forecast, by Battery (2017-2030)

10.3.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Battery (2017-2030)

10.3.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.3.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Battery (2017-2030)

10.3.6.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.7.2. Market Revenue and Forecast, by Battery (2017-2030)

10.3.7.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.2. Market Revenue and Forecast, by Battery (2017-2030)

10.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Battery (2017-2030)

10.4.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.4.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Battery (2017-2030)

10.4.6.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.7.2. Market Revenue and Forecast, by Battery (2017-2030)

10.4.7.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Battery (2017-2030)

10.5.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.5.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

Chapter 11. Company Profiles

11.1. Gogoro Inc.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. BMW Motorrad International

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Honda Motor Co. Ltd.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Mahindra Group

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. KTM AG

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Ninebot Ltd.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Terra Motors Corporation

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Suzuki Motor Corporation

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Vmoto Limited

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Zero Motorcycles

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

11.11. Yamaha Motor Company Limited

11.11.1. Company Overview

11.11.2. Product Offerings

11.11.3. Financial Performance

11.11.4. Recent Initiatives

11.12. ALTA Motors

11.12.1. Company Overview

11.12.2. Product Offerings

11.12.3. Financial Performance

11.12.4. Recent Initiatives

11.13. NYCeWheels

11.13.1. Company Overview

11.13.2. Product Offerings

11.13.3. Financial Performance

11.13.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. 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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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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