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Global Electric Mobility Market: By Type: Battery Operated Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle; By Vehicle Type: Passenger, Commercial; By Components: Electric Motor, Battery; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape & Supplier Analysis
Global Electric Mobility Market Outlook
The global electric mobility market reached USD 150 billion in 2020 and is expected to grow at a CAGR of 20% during the forecast period of 2021-2026 to attain USD 448 billion by 2026.
Technological and social change is taking place in the automotive industry. This is driven primarily by the increasing awareness of the lower operating and maintenance costs of EVs, coupled with their ability to reduce harmful emissions contributing to the global warming. Over the coming years, these favourable trends are likely to work well for the EVs market, thus, driving the electric mobility market growth.
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Properties and Applications
Electric mobility refers to all vehicles powered by an electric motor or those mainly driven by the power grid. Electric mobility includes all-electric vehicles, including electric vehicles operated by batteries, hybrid electric vehicles plug-in, and hybrid electric vehicles. Electric mobility is primarily a vehicle with low or zero emissions, which contributes significantly to a greener world by reducing carbon emissions.
The electric mobility market can be broadly categorised based on its types, vehicle types, and components.
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Based on its types, the electric mobility market can be segmented into:
- Battery Operated Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Hybrid Electric Vehicle
On the basis of vehicle types, the industry can be broadly categorised into:
- Passenger Electric Vehicle
- Commercial Electric Vehicle
Based on the components, the industry is divided into:
- Electric Motor
- Battery
- Others
The EMR report looks into the regional markets of electric mobility like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
Concerns about the ever-increasing greenhouse gas and carbon footprint of the automobile and transportation industries are urging regulatory bodies at the global and state level to enact policies that promote the adoption of energy-efficient vehicles. Also, the organic growth of mobility-as-a-service (MaaS) and the steadily declining costs of high-capacity Li-Ion batteries, which in turn reduces total vehicle costs, are driving the increased electric vehicle (EV) adoption. These factors are expected to drive the growth of the electric mobility market.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global electric mobility market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Nissan Motor Co Ltd.
- Tesla, Inc. (NASDAQ: TSLA)
- Toyota Motor Corporation
- Renault SA
- General Motors Company
- Ford Motor Company
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Vehicle Type, Components, Region |
| Breakup by Type | Battery Operated Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle |
| Breakup by Vehicle Type | Passenger Electric Vehicle, Commercial Electric Vehicle |
| Breakup by Components | Electric Motor, Battery, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Nissan Motor Co Ltd. (TYO: 7201), Tesla, Inc. (NASDAQ: TSLA), Toyota Motor Corporation (TYO: 7203), Renault SA (EPA: RNO), General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F), Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Electric Mobility Market Analysis
6.1 Global Electric Mobility Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Global Electric Mobility Market Breakup by Type
6.2.1 Battery Operated Electric Vehicle
6.2.2 Plug-in Hybrid Electric Vehicle
6.2.3 Hybrid Electric Vehicle
6.3 Global Electric Mobility Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Battery Operated Electric Vehicle
6.3.2 Plug-in Hybrid Electric Vehicle
6.3.3 Hybrid Electric Vehicle
6.4 Global Electric Mobility Market Breakup by Vehicle Type
6.4.1 Passenger Electric Vehicle
6.4.2 Commercial Electric Vehicle
6.5 Global Electric Mobility Market Breakup by Vehicle Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 Passenger Electric Vehicle
6.5.2 Commercial Electric Vehicle
6.6 Global Electric Mobility Market Breakup by Components
6.6.1 Electric Motor
6.6.2 Battery
6.6.3 Others
6.7 Global Electric Mobility Market Breakup by Components: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 Electric Motor
6.7.2 Battery
6.7.3 Others
6.8 Global Electric Mobility Market by Region
6.8.1 North America
6.8.1.1 United States of America
6.8.1.2 Canada
6.8.2 Europe
6.8.2.1 Germany
6.8.2.2 United Kingdom
6.8.2.3 France
6.8.2.4 Italy
6.8.2.5 Others
6.8.3 Asia Pacific
6.8.3.1 China
6.8.3.2 Japan
6.8.3.3 India
6.8.3.4 ASEAN
6.8.3.5 Others
6.8.4 Latin America
6.8.4.1 Brazil
6.8.4.2 Argentina
6.8.4.3 Mexico
6.8.4.4 Others
6.8.5 Middle East & Africa
6.8.5.1 Saudi Arabia
6.8.5.2 United Arab Emirates
6.8.5.3 Nigeria
6.8.5.4 South Africa
6.8.5.5 Others
6.9 Global Electric Mobility Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.9.1 North America
6.9.1.1 United States of America
6.9.1.2 Canada
6.9.2 Europe
6.9.2.1 Germany
6.9.2.2 United Kingdom
6.9.2.3 France
6.9.2.4 Italy
6.9.2.5 Others
6.9.3 Asia Pacific
6.9.3.1 China
6.9.3.2 Japan
6.9.3.3 India
6.9.3.4 ASEAN
6.9.3.5 Others
6.9.4 Latin America
6.9.4.1 Brazil
6.9.4.2 Argentina
6.9.4.3 Mexico
6.9.4.4 Others
6.9.5 Middle East & Africa
6.9.5.1 Saudi Arabia
6.9.5.2 United Arab Emirates
6.9.5.3 Nigeria
6.9.5.4 South Africa
6.9.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Competitive Landscape & Supplier Analysis
9.1.1 Nissan Motor Co Ltd. (TYO: 7201)
9.1.2 Company Overview
9.1.3 Financial Analysis
9.2 Tesla, Inc. (NASDAQ: TSLA)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Toyota Motor Corporation (TYO: 7203)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Renault SA (EPA: RNO)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 General Motors Company (NYSE: GM)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Ford Motor Company (NYSE: F)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Others
10 Industry Events and Developments
Key Questions Answered in the Report
In 2020, the global electric mobility market attained a value of nearly USD 150 billion.
The market is projected to grow at a CAGR of 20% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 448 billion by 2026.
The major drivers of the industry, such as the growing automotive industry, rising disposable incomes, increasing environmental concern, growing popularity of mobility-as-a-service (MaaS), stringent regulatory policies, and the growing technological advancements, are expected to aid the market growth.
The growing adoption of electric vehicles to reduce carbon footprint is the key market trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Battery operated, plug-in hybrid, and hybrid electric vehicles are the leading electric mobility types in the industry.
The significant vehicle types of electric mobility in the industry include passenger and commercial electric vehicles.
Electric motor and battery, among others, are the major components of the product in the industry.
The major players in the industry are Nissan Motor Co Ltd., Tesla, Inc., Toyota Motor Corporation, Renault SA, General Motors Company, and Ford Motor Company, among others.
Analyst Review
The global electric mobility market attained a value of USD 150 billion in 2020, driven by the rapid technological advancements and favourable government initiatives. Aided by the increasing sales of electric vehicles, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 20%. The industry is projected to reach USD 448 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the industry can be segmented into battery operated, plug-in hybrid, and hybrid electric vehicles. On the basis of vehicle type, the industry is bifurcated into passenger and commercial electric vehicles. By components, the industry is categorised into electric motor, and battery, among others. The major regional markets for electric mobility are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Nissan Motor Co Ltd., Tesla, Inc., Toyota Motor Corporation, Renault SA, General Motors Company, and Ford Motor Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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