Market Overview:
The global automotive electrification market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles due to the rising concerns over environmental pollution and climate change. Additionally, government initiatives and subsidies for electric vehicles are also contributing significantly towards the growth of this market. The global automotive electrification market is segmented on the basis of type into internal combustion engine (ICE) & micro-hybrid vehicle, hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and battery electric vehicle (BEV). The PHEV segment is expected to witness highest growth during the forecast period owing to increasing demand for fuel-efficient vehicles with longer driving range. On the basis of application, family car accounted for majority share in 2017 and is projected to maintain its dominance during the forecast period as well.
Product Definition:
The use of electricity to power a motor vehicle. Electrification of the automotive industry is important because it can improve fuel economy, reduce emissions and enable new features and functionality.
Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle:
An internal combustion engine (ICE) and micro-hybrid vehicle are two different powertrain technologies used in the automotive industry. Internal Combustion Engine (ICE) is a technology that uses spark plugs to initiate an explosion of fuel within a cylinder to generate energy for driving the vehicle. ICE vehicles include cars, trucks, motorcycles, scooters and even some heavy-duty vehicles like buses and trains use this technology as they are inexpensive compared to other forms of electric or hybrid automobiles.
Hybrid Electric Vehicle (HEV):
Hybrid Electric Vehicle (HEV) is a vehicle that uses more than one source of power to move. It can be powered by conventional sources such as batteries, fuel cell, and electric motor. HEVs are designed to improve the use of energy and reduce carbon emissions in vehicles.
Application Insights:
The family car segment dominated the global automotive electrification market in 2017 and is expected to witness significant growth over the forecast period. The increasing sales of electric vehicles across major markets such as U.K., Germany, China and the U.S., are anticipated to drive demand for various components including powertrain, body electronics, infotainment systems and lighting solutions among others.
Commercial vehicles include trucks, buses etc.; these vehicles are usually equipped with more robust components such as engine & transmission along with safety systems & amenities such as airbags among other features that improve passenger comfort during travel. Commercial vehicle manufacturers focus on developing commercial vehicle range-extended electric variants that can operate for extended distances between charges owing to increased payload capacity along with improved operational efficiency over conventional diesel or gasoline fueled counterparts thereby augmenting demand for automotive electrification products globally over the forecast period to 2030 (based on projected sales).
Regional Analysis:
Asia Pacific accounted for the largest share of over 45% in 2017. The region is expected to witness significant growth owing to increasing government initiatives and investments coupled with rising disposable income, especially in China and India. Furthermore, growing demand for electric vehicles due to stringent regulations is anticipated to drive the regional market over the forecast period.
Europe accounted for a major revenue share in 2017 owing to early adoption of EVs across several countries such as Norway, Sweden, Denmark and France among others.
Growth Factors:
- Increasing demand for electric vehicles from the automotive sector
- Government initiatives and subsidies for electric vehicles
- Rising concerns over environmental pollution and climate change
- Technological advancements in the field of automotive electrification
- Growing demand for hybrid and plug-in hybrid vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Electrification Market Research Report
By Type
Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)
By Application
Family car, Commercial, Industrial
By Companies
Bosch, Continental, Denso, Delphi, Johnson Electric, Volkswagen, Toyota, Honda, Mitsubishi Electric, Borgwarner, Magna, Aisin Seiki, Johnson Controls, ZF, Valeo, Jtekt, Hitachi, Wabco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Electrification Market Report Segments:
The global Automotive Electrification market is segmented on the basis of:
Types
Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Family car, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Continental
- Denso
- Delphi
- Johnson Electric
- Volkswagen
- Toyota
- Honda
- Mitsubishi Electric
- Borgwarner
- Magna
- Aisin Seiki
- Johnson Controls
- ZF
- Valeo
- Jtekt
- Hitachi
- Wabco
Highlights of The Automotive Electrification Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Battery Electric Vehicle (BEV)
- By Application:
- Family car
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Electrification Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive electrification is the process of converting an automobile from a gasoline-powered engine to an electric one.
Some of the major companies in the automotive electrification market are Bosch, Continental, Denso, Delphi, Johnson Electric, Volkswagen, Toyota, Honda, Mitsubishi Electric, Borgwarner, Magna, Aisin Seiki, Johnson Controls, ZF, Valeo, Jtekt, Hitachi, Wabco.
The automotive electrification market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Electrification Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Electrification Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Electrification Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Electrification Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Electrification Market Size & Forecast, 2020-2028
4.5.1 Automotive Electrification Market Size and Y-o-Y Growth
4.5.2 Automotive Electrification Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
5.2.2 Hybrid Electric Vehicle (HEV)
5.2.3 Plug-In Hybrid Electric Vehicle (PHEV)
5.2.4 Battery Electric Vehicle (BEV)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Family car
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Electrification Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Electrification Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
9.6.2 Hybrid Electric Vehicle (HEV)
9.6.3 Plug-In Hybrid Electric Vehicle (PHEV)
9.6.4 Battery Electric Vehicle (BEV)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Family car
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
10.6.2 Hybrid Electric Vehicle (HEV)
10.6.3 Plug-In Hybrid Electric Vehicle (PHEV)
10.6.4 Battery Electric Vehicle (BEV)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Family car
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
11.6.2 Hybrid Electric Vehicle (HEV)
11.6.3 Plug-In Hybrid Electric Vehicle (PHEV)
11.6.4 Battery Electric Vehicle (BEV)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Family car
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
12.6.2 Hybrid Electric Vehicle (HEV)
12.6.3 Plug-In Hybrid Electric Vehicle (PHEV)
12.6.4 Battery Electric Vehicle (BEV)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Family car
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
13.6.2 Hybrid Electric Vehicle (HEV)
13.6.3 Plug-In Hybrid Electric Vehicle (PHEV)
13.6.4 Battery Electric Vehicle (BEV)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Family car
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Electrification Market: Competitive Dashboard
14.2 Global Automotive Electrification Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Continental
14.3.3 Denso
14.3.4 Delphi
14.3.5 Johnson Electric
14.3.6 Volkswagen
14.3.7 Toyota
14.3.8 Honda
14.3.9 Mitsubishi Electric
14.3.10 Borgwarner
14.3.11 Magna
14.3.12 Aisin Seiki
14.3.13 Johnson Controls
14.3.14 ZF
14.3.15 Valeo
14.3.16 Jtekt
14.3.17 Hitachi
14.3.18 Wabco
