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Global Vehicle Electrification Market: By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Two - Wheeler Product; By Product Type; By Degree of Hybridization; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Vehicle Electrification Market Outlook

The global vehicle electrification market was valued at nearly USD 70.84 billion in 2020. The vehicle electrification market is further projected to grow at a CAGR of 9% during the forecast period of 2021-2026 to reach USD 119 billion by 2026.

 

Global Vehicle Electrification Market

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The vehicle electrification market is being driven by the growing demand for lightweight vehicles with lower emission levels and the growing preference of 48V architecture.

 

Properties and Applications

The global vehicle electrification market can be broadly categorised based on segments like vehicle types, product types, degree of hybridisation, and regions.

 

Global Vehicle Electrification Market By Vehicle Type

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  • Vehicle Type:
    • Passenger Car
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
    • Two - Wheeler Product
  • Product Type:
    • Start/Stop System
    • Electric Power Steering (EPS)
    • Electric Air-Conditioner Compressor
    • Electric Vacuum Pump
    • Electric Oil Pump
    • Electric Water Pump
    • Liquid Heater PTC
    • Integrated Starter Generator (ISG)
    • Starter Motor and Alternator
    • Actuators
  • Degree of Hybridisation:
    • Internal Combustion Engine (ICE) and Micro-Hybrid Vehicle
    • Hybrid Electric Vehicle (HEV)
    • Plug-In Hybrid Electric Vehicle (PHEV)
    • Battery Electric Vehicle (BEV)
    • 48V Mild-Hybrid

The EMR report looks into the regional vehicle electrification markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Vehicle Electrification Market By Region

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Market Analysis

The adoption of advanced vehicle electrification systems to achieve reduction in emission levels is propelling the growth of the global vehicle electrification industry. The implementation of stringent government regulations across the nations to control emission from vehicles and fuel economy standards is expected to provide further impetus to the industry growth. The growing demand for electric vehicles owing to various promotional policies and governmental incentives is expected to aid the industry over the forecast period.
 
The electric power steering (EPS) segment, among other product types, is expected to hold the largest share in the industry between 2021 and 2026 owing to its increased demand from the Asia Pacific region. Further, North America is expected to lead the global vehicle electrification industry over the forecast period, driven by increased investments by OEMs to further develop vehicle electrification.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global vehicle electrification market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Robert Bosch GmbH
  • Continental AG 
  • Denso Corporation 
  • Aptiv PLC (NYSE: APTV)
  • Johnson Electric Holdings Ltd. 
  • Toyota Motor Corporation 
  • Honda Motor Co. Ltd 
  • Mitsubishi Electric Corporation 
  • Others

The EMR report gives an in-depth insight into the vehicle electrification market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Questions Answered in the Report

  • How has the global vehicle electrification market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the vehicle electrification market for 2021-2026?
  • What are the major drivers for historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major constraints for historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major price indicators of the global vehicle electrification market?
  • What are the major demand indicators of the global industry?
  • What is the degree of competition in the global vehicle electrification market?
  • What are the major events and developments taking place within the industry globally?

*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 Restraints
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Vehicle Electrification Market Analysis
    6.1    Figure: Global Vehicle Electrification Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Chart: Global Vehicle Electrification Market Breakup by Vehicle Type
        6.2.1    Passenger Car
        6.2.2    Light Commercial Vehicle
        6.2.3    Heavy Commercial Vehicle
        6.2.4    Two - Wheeler Product
    6.3    Figure: Global Vehicle Electrification Market Breakup by Vehicle Type: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Passenger Car
        6.3.2    Light Commercial Vehicle
        6.3.3    Heavy Commercial Vehicle
        6.3.4    Two - Wheeler Product
    6.4    Chart: Global Vehicle Electrification Market Breakup by Product Type
        6.4.1    Start/Stop System
        6.4.2    Electric Power Steering (EPS)
        6.4.3    Electric Air-Conditioner Compressor
        6.4.4    Electric Vacuum Pump
        6.4.5    Electric Oil Pump
        6.4.6    Electric Water Pump
        6.4.7    Liquid Heater PTC
        6.4.8    Integrated Starter Generator (ISG)
        6.4.9    Starter Motor & Alternator
        6.4.10    Actuators
    6.5    Figure: Global Vehicle Electrification Market Breakup by Product Type: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    Start/Stop System
        6.5.2    Electric Power Steering (EPS)
        6.5.3    Electric Air-Conditioner Compressor
        6.5.4    Electric Vacuum Pump
        6.5.5    Electric Oil Pump
        6.5.6    Electric Water Pump
        6.5.7    Liquid Heater PTC
        6.5.8    Integrated Starter Generator (ISG)
        6.5.9    Starter Motor & Alternator
        6.5.10    Actuators
    6.6    Chart: Global Vehicle Electrification Market Breakup by Degree of Hybridization
        6.6.1    Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
        6.6.2    Hybrid Electric Vehicle (HEV)
        6.6.3    Plug-In Hybrid Electric Vehicle (PHEV)
        6.6.4    Battery Electric Vehicle (BEV)
        6.6.5    48V Mild-Hybrid
    6.7    Figure: Global Vehicle Electrification Market Breakup by Degree of Hybridization: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
        6.7.2    Hybrid Electric Vehicle (HEV)
        6.7.3    Plug-In Hybrid Electric Vehicle (PHEV)
        6.7.4    Battery Electric Vehicle (BEV)
        6.7.5    48V Mild-Hybrid
    6.8    Chart: Global Vehicle Electrification 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    Mexico
            6.8.4.3    Argentina
            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    Figure: Global Vehicle Electrification 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    Mexico
            6.9.4.3    Argentina
            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    EMR’s Key Indicators for Demand
10    EMR’s Key Indicators for Price
11    Competitive Landscape & Supplier Analysis

    11.1    Robert Bosch GmbH
        11.1.1    Company Overview
        11.1.2    Financial Analysis 
    11.2    Continental AG (ETR: CON)
        11.2.1    Company Overview
        11.2.2    Financial Analysis 
    11.3    Denso Corporation (TYO: 6902)
        11.3.1    Company Overview
        11.3.2    Financial Analysis 
    11.4    Aptiv PLC (NYSE: APTV)
        11.4.1    Company Overview
        11.4.2    Financial Analysis 
    11.5    Johnson Electric Holdings Ltd. (HKG: 0179)
        11.5.1    Company Overview
        11.5.2    Financial Analysis 
    11.6    Toyota Motor Corporation (TYO: 7203)
        11.6.1    Company Overview
        11.6.2    Financial Analysis 
    11.7    Honda Motor Co. Ltd (TYO: 7267)
        11.7.1    Company Overview
        11.7.2    Financial Analysis 
    11.8    Mitsubishi Electric Corporation (TYO: 6503)
        11.8.1    Company Overview
        11.8.2    Financial Analysis 
    11.9    Others
12    Industry Events and Developments

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