Market Overview:
The global car conversion kit market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel-efficient and environment-friendly vehicles across the globe. Additionally, the rising awareness about the benefits of using car conversion kits is also propelling the growth of this market. The power conversion kit segment is expected to hold a dominant position in the global car conversion kit market during the forecast period. This can be attributed to its ability to improve fuel efficiency and performance of vehicles. .
Product Definition:
A car conversion kit is a package of components that allows a person to turn their gasoline-powered car into an electric vehicle. The kit can include things like batteries, motors, and chargers. Car conversion kits are important because they allow people to reduce their dependence on fossil fuels and switch to more environmentally friendly forms of transportation.
Power Conversion Kit:
Power conversion kit is a set of electronic components that are used in automotive applications to convert the 12V power obtained from the battery to multiple voltages required by various systems. The most common application of this kit is when a car uses more than 12V batteries for starting and it has voltage converters which reduce the excess voltage to required range.
The global power conversion kit market size was valued at USD 1,37,848.9 in 2015.
Brakes Conversion Kit:
The brakes conversion kit is used in car conversion kits. It's a set of parts that are used to change the brake system of a vehicle. The main function of this kit is to convert the manual or hydraulic systems into an electric one by installing an appropriate number and type of components.
This can be done easily by following simple instructions provided with the product, which also provide information about changing tires, battery installation, and other such tasks that require extra parts for car conversion kits.
Application Insights:
The passenger cars segment dominated the global car conversion kit market in 2017 and is expected to maintain its dominance over the forecast period. The growing demand for electric and hybrid vehicles as a result of government initiatives such as ¢â‚¬Å“Clean Air Act¢â‚¬ in various countries including U.S., China, India and Brazil is expected to drive the demand for electric vehicle charging stations, thereby supporting growth.
On the other hand, high cost associated with commercial vehicle conversion kits will restrict market growth over the forecast period. However, increasing utilization of commercial vehicles across developing countries such as India on account of rising disposable income coupled with rapid urbanization is anticipated to increase product demand in near future. In addition, stringent regulations regarding reduction in VEHCF emissions are likely to propel industry expansion over next few years.
Regional Analysis:
The North American region dominated the global market in 2017 and is expected to maintain its position over the forecast period. The growth can be attributed to increasing demand for passenger cars, rising adoption of electric vehicles, and stringent government regulations regarding fuel emissions. Moreover, growing investments by major companies in R&D activities are projected to boost regional product demand.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing focus on developing infrastructure for electric vehicles charging stations across countries such as China and India along with other Southeast Asian nations. This will create opportunities for industry players operating within Asia Pacific region during the forecast period as well as beyond it until 2030.
Growth Factors:
- Increasing demand for fuel-efficient and environment-friendly vehicles
- Rising disposable income of consumers
- Technological advancements in the automotive industry
- Government initiatives to promote the use of electric vehicles
- Growing awareness about the benefits of car conversion kits
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Conversion Kit Market Research Report
By Type
Power Conversion Kit, Brakes Conversion Kit, Lights Conversion Kit, Locking System Conversion Kit, Steering Conversion Kit, Energy Saving Conversion Kit
By Application
Passenger Cars, Commercial Vehicles
By Companies
Stark Automotive, XL Hybrids, KPIT Technologies, Enginer, EVDrive, Altigreen Propulsion Labs, Boulder Hybrids, Odyne Systems, Stark Automotive
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Car Conversion Kit Market Report Segments:
The global Car Conversion Kit market is segmented on the basis of:
Types
Power Conversion Kit, Brakes Conversion Kit, Lights Conversion Kit, Locking System Conversion Kit, Steering Conversion Kit, Energy Saving Conversion Kit
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 Cars, Commercial Vehicles
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:
- Stark Automotive
- XL Hybrids
- KPIT Technologies
- Enginer
- EVDrive
- Altigreen Propulsion Labs
- Boulder Hybrids
- Odyne Systems
- Stark Automotive
Highlights of The Car Conversion Kit 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:
- Power Conversion Kit
- Brakes Conversion Kit
- Lights Conversion Kit
- Locking System Conversion Kit
- Steering Conversion Kit
- Energy Saving Conversion Kit
- By Application:
- Passenger Cars
- Commercial Vehicles
- 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 Car Conversion Kit 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
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- 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 car conversion kit is a set of tools and materials that allow you to convert your car into a specific type of vehicle. For example, you can purchase a kit to turn your regular sedan into a sports car, or buy a kit to convert your minivan into an RV.
Some of the major players in the car conversion kit market are Stark Automotive, XL Hybrids, KPIT Technologies, Enginer, EVDrive, Altigreen Propulsion Labs, Boulder Hybrids, Odyne Systems, Stark Automotive.
The car conversion kit market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car Conversion Kit 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 Car Conversion Kit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Conversion Kit 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 Car Conversion Kit 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 Car Conversion Kit Market Size & Forecast, 2020-2028
4.5.1 Car Conversion Kit Market Size and Y-o-Y Growth
4.5.2 Car Conversion Kit 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 Power Conversion Kit
5.2.2 Brakes Conversion Kit
5.2.3 Lights Conversion Kit
5.2.4 Locking System Conversion Kit
5.2.5 Steering Conversion Kit
5.2.6 Energy Saving Conversion Kit
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 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Conversion Kit 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 Car Conversion Kit 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 Power Conversion Kit
9.6.2 Brakes Conversion Kit
9.6.3 Lights Conversion Kit
9.6.4 Locking System Conversion Kit
9.6.5 Steering Conversion Kit
9.6.6 Energy Saving Conversion Kit
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 Passenger Cars
9.10.2 Commercial Vehicles
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 Power Conversion Kit
10.6.2 Brakes Conversion Kit
10.6.3 Lights Conversion Kit
10.6.4 Locking System Conversion Kit
10.6.5 Steering Conversion Kit
10.6.6 Energy Saving Conversion Kit
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 Passenger Cars
10.10.2 Commercial Vehicles
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 Power Conversion Kit
11.6.2 Brakes Conversion Kit
11.6.3 Lights Conversion Kit
11.6.4 Locking System Conversion Kit
11.6.5 Steering Conversion Kit
11.6.6 Energy Saving Conversion Kit
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 Passenger Cars
11.10.2 Commercial Vehicles
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 Power Conversion Kit
12.6.2 Brakes Conversion Kit
12.6.3 Lights Conversion Kit
12.6.4 Locking System Conversion Kit
12.6.5 Steering Conversion Kit
12.6.6 Energy Saving Conversion Kit
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 Passenger Cars
12.10.2 Commercial Vehicles
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 Power Conversion Kit
13.6.2 Brakes Conversion Kit
13.6.3 Lights Conversion Kit
13.6.4 Locking System Conversion Kit
13.6.5 Steering Conversion Kit
13.6.6 Energy Saving Conversion Kit
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 Passenger Cars
13.10.2 Commercial Vehicles
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 Car Conversion Kit Market: Competitive Dashboard
14.2 Global Car Conversion Kit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stark Automotive
14.3.2 XL Hybrids
14.3.3 KPIT Technologies
14.3.4 Enginer
14.3.5 EVDrive
14.3.6 Altigreen Propulsion Labs
14.3.7 Boulder Hybrids
14.3.8 Odyne Systems
14.3.9 Stark Automotive
