Market Overview:
The global electric SUVs 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 electric vehicles, especially SUVs, owing to their high performance and fuel efficiency. In addition, government initiatives and regulations promoting the use of electric vehicles are also contributing to the growth of this market. The all-electric SUV segment is expected to account for a major share of the global electric SUVs market during the forecast period. This can be attributed to factors such as rising consumer awareness about environment-friendly technologies and increasing demand for high-performance vehicles.
Product Definition:
Electric SUVs are a type of electric vehicle that is designed to look and function like an SUV. Electric SUVs are important because they provide an alternative to traditional gasoline-powered vehicles and can help reduce emissions from the transportation sector.
All-electric SUVs:
All-electric SUVs are a new segment in the automotive market. The first all-electric SUV was launched in 2016 and since then, several companies have entered this market with different models of electric SUVs. Some of the key players operating in this industry are Nissan LEAF, BMW iX, Tesla Model 3, Chevrolet Volts among others.
The global all-electric SUV sales were estimated to be around 80 thousand units in 2017.
Hybrid SUVs:
Hybrid SUV is a cross between an SUV and a regular car. It has features of both types of vehicles combined in one. Hybrid SUVs are used as family cars, which can carry more people and their luggage at the same time without compromising on fuel efficiency or comfort.
The global hybrid SUVs market size was valued at USD 27,14 billion in 2015.
Application Insights:
The OEM market is expected to witness significant growth over the forecast period. The growing demand for SUVs in developed economies such as Germany, U.K., and France is expected to drive the demand for electric vehicles in this region. In addition, increasing government initiatives towards promoting fuel-efficient vehicles are anticipated to further propel the growth of electric SUVs over the forecast period.
Hybrid SUV market was valued at USD 4,965 million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to its ability reduce emissions while improving fuel efficiency compared with conventional gasoline-powered sports utility vehicles (SUVs). Furthermore, increasing sales of hybrid cars has led manufacturers including Ford Motor Company; Toyota Motors Corporation; Honda Motor Co.; Nissan Motors Ltd.; and Mazda Motor Corp.; among others have introduced new models across their lineups that offer better performance along with improved range and battery life without compromising on comfort or safety factors.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region will expand further at a steady CAGR from 2018 to 2030 due to increasing government initiatives, rising disposable income of consumers, and changing consumer preferences towards luxury vehicles with superior performance. China is projected to be one of the key countries influencing industry growth through production levels as well as demand generation.
North America electric SUVs market was valued at USD X million in 2017 owing to growing product acceptance by consumers across U.S., Canada, and Mexico on account of their environmental benefits such as low carbon emissions; high efficiency; enhanced safety features; lightweight materials used for vehicle construction; etcetera’s).
Growth Factors:
- Increasing environmental awareness and the need to reduce emissions: The electric SUV market is expected to grow as consumers become more environmentally conscious and seek vehicles that produce lower emissions. Electric SUVs offer an alternative to gas-powered SUVs, which produce harmful emissions that contribute to climate change.
- Government incentives for electric vehicles: Governments are offering incentives for consumers to purchase electric vehicles, making them more affordable. This is helping to drive the growth of the electric SUV market.
- Advances in technology: The development of new technologies, such as longer-lasting batteries and faster charging times, is making it easier for consumers to switch from gas-powered cars to electric SUVs. This is contributing significantly the growth of this market segment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric SUVs Market Research Report
By Type
All-electric SUVs, Hybrid SUVs
By Application
OEM Market, Automobile After Market
By Companies
Jaguar, Tesla, Mercedes, BMW, Volkswagen, Audi, Hyundai, Jaguar
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Electric SUVs Market Report Segments:
The global Electric SUVs market is segmented on the basis of:
Types
All-electric SUVs, Hybrid SUVs
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
OEM Market, Automobile After Market
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:
- Jaguar
- Tesla
- Mercedes
- BMW
- Volkswagen
- Audi
- Hyundai
- Jaguar
Highlights of The Electric SUVs 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:
- All-electric SUVs
- Hybrid SUVs
- By Application:
- OEM Market
- Automobile After Market
- 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 Electric SUVs 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?
Electric SUVs are a type of SUV that uses electric power to move. They typically have a higher price tag than traditional SUVs, but they offer many benefits, including lower emissions and less fuel use.
Some of the key players operating in the electric suvs market are Jaguar, Tesla, Mercedes, BMW, Volkswagen, Audi, Hyundai, Jaguar.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric SUVs 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 Electric SUVs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric SUVs 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 Electric SUVs 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 Electric SUVs Market Size & Forecast, 2020-2028
4.5.1 Electric SUVs Market Size and Y-o-Y Growth
4.5.2 Electric SUVs 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 All-electric SUVs
5.2.2 Hybrid SUVs
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 OEM Market
6.2.2 Automobile After Market
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric SUVs 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 Electric SUVs 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 All-electric SUVs
9.6.2 Hybrid SUVs
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 OEM Market
9.10.2 Automobile After Market
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 All-electric SUVs
10.6.2 Hybrid SUVs
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 OEM Market
10.10.2 Automobile After Market
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 All-electric SUVs
11.6.2 Hybrid SUVs
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 OEM Market
11.10.2 Automobile After Market
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 All-electric SUVs
12.6.2 Hybrid SUVs
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 OEM Market
12.10.2 Automobile After Market
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 All-electric SUVs
13.6.2 Hybrid SUVs
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 OEM Market
13.10.2 Automobile After Market
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 Electric SUVs Market: Competitive Dashboard
14.2 Global Electric SUVs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jaguar
14.3.2 Tesla
14.3.3 Mercedes
14.3.4 BMW
14.3.5 Volkswagen
14.3.6 Audi
14.3.7 Hyundai
14.3.8 Jaguar
