Market Overview:
The global battery electric car market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for environment-friendly and fuel-efficient vehicles. In addition, the government initiatives and subsidies for electric vehicles are also contributing to the growth of this market. The global battery electric car market can be segmented on the basis of type into storage battery and fuel cell. The storage battery segment is expected to account for a major share of the global battery electric car market during the forecast period. This segment is anticipated to grow at a CAGR of XX% from 2018 to 2030.
Product Definition:
A battery electric car (BEV) is a type of all-electric vehicle powered by batteries. BEVs use electric motors and motor controllers instead of an internal combustion engine (ICE) to power the wheels.
Storage Battery:
The global storage battery market size was valued at USD 25.98 billion in 2016 and is expected to witness a growth of 6.5% over the forecast period, growing at an estimated CAGR of XX% from 2017 to 2027. The market is driven by increasing demand for backup power across several end-use industries such as manufacturing, telecom & IT, oil & gas and chemical among others along with stringent government regulations regarding emission standards in countries such as China and U.
Fuel Cell:
A fuel cell is an electrochemical device that generates electricity by harnessing the energy from a fuel. It is one of the cleanest and most efficient ways to generate electricity. The only by-product produced in a fuel cell's operation is water, which can be recycled and reused. Fuel cells have been around for more than half a century; however, they are just now entering mainstream applications due to technological barriers being broken in recent years.
Application Insights:
The passenger car segment accounted for the largest revenue share of over 60% in 2017. The need for replacing the old and worn-out batteries with new, improved and rechargeable ones is one of the major reasons behind their preference. Also, various governments are taking initiatives to promote electric vehicles through financial subsidies and tax rebates which will further increase their demand in coming years.
The commercial vehicle segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to rising demand from countries such as China, India Japan etc., where regulations mandate a certain number of zero emission vehicles on roads. These countries are trying hard to achieve this goal by 2030 which will have an impact on market growth over the forecast period.
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing government initiatives and investments in the development of infrastructure. The European region accounted for a share of more than 25% in 2017, which can be attributed to high consumer awareness regarding environmental friendliness along with relatively higher acceptance for battery-powered vehicles. North America region is also expected to have a considerable growth rate due to growing emphasis on reducing carbon footprint along with technological advancements associated with batteries used in electric cars.
Asia Pacific was followed by Europe, accounting for 24% of global revenue share in 2017 owing both volumes and revenues; China being one of the largest markets within this region as well as across the globe. Latin America has witnessed an increase from 3 million units/year (2010)to 6 million units/year (2017), which paints a positive outlook towards future demand considering that it accounts for only 2%of global EV sales but 27%of total BEVs sold worldwide every year since 2010).
Growth Factors:
- Increasing environmental awareness among consumers
- Government initiatives and subsidies for electric vehicles
- Reduction in the cost of batteries and charging infrastructure
- Improved performance and range of electric cars
- Increased consumer acceptance of battery electric cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Electric Car Market Research Report
By Type
Storage Battery, Fuel Cell
By Application
Passenger Car, Commercial Vehicle
By Companies
BMW Group, General Motors, Ford Motor, Daimler, Hyundai Motor, Honda Motor, Tesla Motors, Nissan Motor, Groupe Renault, BYD Company, BMW Group
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Battery Electric Car Market Report Segments:
The global Battery Electric Car market is segmented on the basis of:
Types
Storage Battery, Fuel Cell
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
Passenger Car, Commercial Vehicle
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:
- BMW Group
- General Motors
- Ford Motor
- Daimler
- Hyundai Motor
- Honda Motor
- Tesla Motors
- Nissan Motor
- Groupe Renault
- BYD Company
- BMW Group
Highlights of The Battery Electric Car 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:
- Storage Battery
- Fuel Cell
- By Application:
- Passenger Car
- Commercial Vehicle
- 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 Battery Electric Car 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?
A battery electric car is a type of vehicle that uses electricity from batteries to power the motors.
Some of the major companies in the battery electric car market are BMW Group, General Motors, Ford Motor, Daimler, Hyundai Motor, Honda Motor, Tesla Motors, Nissan Motor, Groupe Renault, BYD Company, BMW Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Electric Car 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 Battery Electric Car Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Electric Car 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 Battery Electric Car 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 Battery Electric Car Market Size & Forecast, 2018-2028
4.5.1 Battery Electric Car Market Size and Y-o-Y Growth
4.5.2 Battery Electric Car Market Absolute $ Opportunity
Chapter 5 Global Battery Electric Car 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 Battery Electric Car Market Size Forecast by Type
5.2.1 Storage Battery
5.2.2 Fuel Cell
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Battery Electric Car 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 Battery Electric Car Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Electric Car 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 Battery Electric Car 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 Battery Electric Car Analysis and Forecast
9.1 Introduction
9.2 North America Battery Electric Car 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 Battery Electric Car Market Size Forecast by Type
9.6.1 Storage Battery
9.6.2 Fuel Cell
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 Battery Electric Car Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
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 Battery Electric Car Analysis and Forecast
10.1 Introduction
10.2 Europe Battery Electric Car 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 Battery Electric Car Market Size Forecast by Type
10.6.1 Storage Battery
10.6.2 Fuel Cell
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 Battery Electric Car Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
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 Battery Electric Car Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Battery Electric Car 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 Battery Electric Car Market Size Forecast by Type
11.6.1 Storage Battery
11.6.2 Fuel Cell
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 Battery Electric Car Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
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 Battery Electric Car Analysis and Forecast
12.1 Introduction
12.2 Latin America Battery Electric Car 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 Battery Electric Car Market Size Forecast by Type
12.6.1 Storage Battery
12.6.2 Fuel Cell
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 Battery Electric Car Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
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) Battery Electric Car Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Battery Electric Car 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) Battery Electric Car Market Size Forecast by Type
13.6.1 Storage Battery
13.6.2 Fuel Cell
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) Battery Electric Car Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
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 Battery Electric Car Market: Competitive Dashboard
14.2 Global Battery Electric Car Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BMW Group
14.3.2 General Motors
14.3.3 Ford Motor
14.3.4 Daimler
14.3.5 Hyundai Motor
14.3.6 Honda Motor
14.3.7 Tesla Motors
14.3.8 Nissan Motor
14.3.9 Groupe Renault
14.3.10 BYD Company
14.3.11 BMW Group
