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Germany Automotive High Performance EVs Market Size, Share, Outlook, Forecast: By Drive Type: Plug-in Hybrid, Pure Electric; By Vehicle Type: Passenger Cars, Commercial Vehicles; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2023-2028
Germany Automotive High Performance EVs Market Outlook
The Germany automotive high performance EVs market size reached nearly USD 6.8 billion in 2022. The market is projected to grow at a CAGR of 23.40% between 2023 and 2028 to reach a value of around USD 23.8 billion by 2028.
Key Trends in the Market
Automotive high performance EV refers to a type of vehicle which is propelled by electricity. This vehicle consists of an electric motor, a power converter, and an energy source, which is usually a battery.
- Automotive high performance EVs are cost-effective, boast high performance and reduced noise operation, and can enhance driving experiences. Hence, these vehicles are expected to witness a heightened sales in the country in the forecast period.
- Rising investments by leading electric vehicle manufacturers aimed towards developing production plants in Germany in order to localise the supply chain while promoting product launches are driving the Germany automotive high performance EVs market growth.
- High performance pure electric vehicles produce zero direct emissions, offering sustainability benefits. In this regard, the favourable government initiatives aimed towards reducing the greenhouse emissions are further encouraging the demand for automotive high performance EVs.
Market Analysis
Based on drive type, the Germany automotive high performance EVs market segmentations include plug-in hybrid and pure electric. On the basis of vehicle type, the market is classified into passenger cars and commercial vehicles.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Germany automotive high performance EVs market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- BMW AG
- Volkswagen AG
- Porsche AG
- Ford Motor Company
- Mercedes-Benz Group AG
- Tesla Inc.
- Hyundai Motor Company
- Nissan Motor Co., Ltd.
- Bugatti Rimac Ltd.
- PSA Automobiles SA
- Others
Market Share by Drive Type
Pure electric vehicles account for a significant portion of the Germany automotive high performance EVs market share as they are eco-friendly. With the introduction of favourable initiatives by the German government to promote the usage of EVs and minimise greenhouse gas emissions, the demand for pure electric vehicles is rising. Moreover, the increasing awareness pertaining to the advantages of electric vehicles over traditional fuel-based vehicles is further heightening the demand for pure EVs.
Market Share by Vehicle Type
As per the Germany automotive high performance EVs market analysis, passenger cars are expected to witness a heightened demand in Germany, owing to the rising disposable incomes of the burgeoning class and the strong foothold of well-established car brands. The German government aims to increase the number of electric cars to 15 million by 2030. This, coupled with the increasing affordability of electric cars, is expected to aid the Germany automotive high performance EVs market growth in the forecast period.
Competitive Landscape
BMW AG is a leading automotive company that manufactures and sells luxury vehicles. With automotive production and assembly facilities present across the world, the company was founded in 1916 and is headquartered in Munich, Germany.
Volkswagen AG is a renowned automotive manufacturing company which is headquartered in Wolfsburg, Germany. The company is one of the largest manufacturers of passenger and commercial vehicles.
Porsche AG is a major automobile company which offers high-performance sports cars, SUVs, and sedans, among others. The company was founded in 1931 and is headquartered in Baden-Wurttemberg, Germany.
Other Germany automotive high performance EVs market players include Ford Motor Company, Mercedes-Benz Group AG, Tesla Inc., Hyundai Motor Company, Nissan Motor Co., Ltd., Bugatti Rimac Ltd., and PSA Automobiles SA, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Drive Type |
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| Breakup by Vehicle Type |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Automotive High Performance EVs Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive High Performance EVs Historical Market (2018-2022)
8.3 Global Automotive High Performance EVs Market Forecast (2023-2028)
8.4 Global Automotive High Performance EVs Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Germany Automotive High Performance EVs Market Overview
9.1 Key Industry Highlights
9.2 Germany Automotive High Performance EVs Historical Market (2018-2022)
9.3 Germany Automotive High Performance EVs Market Forecast (2023-2028)
10 Germany Automotive High Performance EVs Market by Drive Type
10.1 Plug-in Hybrid
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Pure Electric
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 Germany Automotive High Performance EVs Market by Vehicle Type
11.1 Passenger Cars
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Commercial Vehicles
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 BMW AG
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Volkswagen AG
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Porsche AG
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Ford Motor Company
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Mercedes-Benz Group AG
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Tesla Inc.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Hyundai Motor Company
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Nissan Motor Co., Ltd.
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Bugatti Rimac Ltd.
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 PSA Automobiles SA
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive High Performance EVs Market: Key Industry Highlights, 2018 and 2028
2. Germany Automotive High Performance EVs Market: Key Industry Highlights, 2018 and 2028
3. Germany Automotive High Performance EVs Historical Market: Breakup by Drive Type (USD MillionBillion), 2018-2022
4. Germany Automotive High Performance EVs Market Forecast: Breakup by Drive Type (USD MillionBillion), 2023-2028
5. Germany Automotive High Performance EVs Historical Market: Breakup by Vehicle Type (USD MillionBillion), 2018-2022
6. Germany Automotive High Performance EVs Market Forecast: Breakup by Vehicle type (USD MillionBillion), 2023-2028
7. Germany Automotive High Performance EVs Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 6.8 billion in 2022.
The market is estimated to grow at a CAGR of 23.4% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 23.8 billion by 2028.
The increasing awareness pertaining to the advantages offered by automotive high performance EVs and increasing investments by leading automakers towards setting up EV manufacturing plants in Germany are the major drivers of the market.
The key trends in the market include favourable government initiatives aimed towards reducing greenhouse emissions and the rising disposable incomes of the middle-class population in the country.
Plug-in hybrid and pure electric, are the different drive types considered in the market report.
Passenger cars and commercial vehicles are the major vehicle types included in the market report.
BMW AG, Volkswagen AG, Porsche AG, Ford Motor Company, Mercedes-Benz Group AG, Telsa Inc., Hyundai Motor Company, Nissan Motor Co., Ltd., Bugatti Rimac Ltd., and PSA Automobiles SA, among others, are the key market players.
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