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Electric Mobility Market Size to Worth Around US$ 718 Bn by 2030

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[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global electric mobility market was valued at around USD 181.11 billion in 2021 and is expected to register revenues worth USD 718 billion by the end of 2030, growing at an exceptional CAGR of approximately 22% between 2021 and 2030.

Electric Mobility Market

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Electric Mobility Market Growth Factors:

Rising concern for global warming and pollution has encouraged the governments of various regions to promote the large-scale adoption of electric vehicles in order to meet climate change, local air quality, the dependence on oil to drive a vehicle, and the growth of the automotive industry. In support of this, governments of various countries are offering subsidies and tax benefits along with huge investments toward 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 regulations on the purchase of internal combustion engine-powered vehicles in order to reduce their 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.

Electric Mobility Market Report Scope
Report Highlights 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
Electric Mobility Market 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

Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

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some of the prominent players in the electric mobility market include:
  • 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
Electric Mobility Market Segments

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

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region.

This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global electric mobility market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the electric mobility market.

The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.

Why should you invest in this report?

If you are aiming to enter the global electric 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 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 Contents

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

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About Us

Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Our repository covers consultation, syndicated market studies, and customized research reports. Through our services, we aim at connecting an organization’s goal with lucrative prospects globally.

From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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