The global new energy vehicle market is expected to grow at a CAGR of 16.2% during the forecast period, from 2021 to 2030. The growth in this market is mainly driven by the increasing demand for electric vehicles and government regulations on emission norms. The passenger vehicle segment accounted for the largest share of the global new energy vehicle market in 2018, followed by commercial vehicles and passenger cars. North America was the leading region in terms of revenue generation in 2018, followed by Europe and Asia Pacific.
Some Of The Growth Factors Of This Market:
- The global population is expected to grow by 2 billion people by 2050, which will increase the demand for energy.
- The world's population is aging and this will lead to a decrease in the number of people who are able to work and produce goods, which will also increase the demand for energy.
- Climate change is leading to more extreme weather events such as droughts and floods, which can disrupt supply chains and cause power outages that can affect production of goods and services that rely on electricity or gas-powered generators for their operations.
- Countries are increasingly adopting renewable energy sources such as solar power, wind power, hydroelectricity, geothermal power etc, which reduces their dependence on fossil fuels like coal or natural gas that emit greenhouse gases when burned for fuel.
- Governments around the world are implementing policies aimed at reducing greenhouse gas emissions from vehicles in order to reduce air pollution.
Industry Growth Insights published a new data on “New Energy Vehicle Market”. The research report is titled “New Energy Vehicle Market research by Types (HEV, PHEV, EV), By Applications (Commercial Vehicle, Passenger Vehicle), By Players/Companies TOYOTA, Nissan, Tesla, Mitsubishi, GM, Ford, BMW, Renault, Volvo, Mercedes-Benz, Volkswagen, Honda, FIAT, BYD, Chery, ZOTYE, Yutong, BAIC, King-long, Zhong Tong, Geely, SAIC, JAC”.
Scope Of The Report
Report Attributes
Report Details
Report Title
New Energy Vehicle Market Research Report
By Type
HEV, PHEV, EV
By Application
Commercial Vehicle, Passenger Vehicle
By Companies
TOYOTA, Nissan, Tesla, Mitsubishi, GM, Ford, BMW, Renault, Volvo, Mercedes-Benz, Volkswagen, Honda, FIAT, BYD, Chery, ZOTYE, Yutong, BAIC, King-long, Zhong Tong, Geely, SAIC, JAC
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global New Energy Vehicle Market Report Segments:
The global New Energy Vehicle market is segmented on the basis of:
Types
HEV, PHEV, EV
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
Commercial Vehicle, Passenger 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:
- TOYOTA
- Nissan
- Tesla
- Mitsubishi
- GM
- Ford
- BMW
- Renault
- Volvo
- Mercedes-Benz
- Volkswagen
- Honda
- FIAT
- BYD
- Chery
- ZOTYE
- Yutong
- BAIC
- King-long
- Zhong Tong
- Geely
- SAIC
- JAC
Highlights of The New Energy Vehicle 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:
- HEV
- PHEV
- EV
- By Application:
- Commercial Vehicle
- Passenger 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 New Energy Vehicle 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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- 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 New Energy Vehicle (NEV) is a vehicle that uses alternative energy sources, such as solar, wind, and hydrogen fuel cells. NEVs are becoming more popular because they are environmentally friendly and have lower emissions than traditional vehicles.
Some of the major players in the new energy vehicle market are TOYOTA, Nissan, Tesla, Mitsubishi, GM, Ford, BMW, Renault, Volvo, Mercedes-Benz, Volkswagen, Honda, FIAT, BYD, Chery, ZOTYE, Yutong, BAIC, King-long, Zhong Tong, Geely, SAIC, JAC.
The new energy vehicle market is expected to grow at a compound annual growth rate of 16.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. New Energy Vehicle Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. New Energy Vehicle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. New Energy Vehicle Market - Supply Chain
4.5. Global New Energy Vehicle Market Forecast
4.5.1. New Energy Vehicle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. New Energy Vehicle Market Size (000 Units) and Y-o-Y Growth
4.5.3. New Energy Vehicle Market Absolute $ Opportunity
5. Global New Energy Vehicle Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. New Energy Vehicle Market Size and Volume Forecast by Type
5.3.1. HEV
5.3.2. PHEV
5.3.3. EV
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global New Energy Vehicle Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. New Energy Vehicle Market Size and Volume Forecast by Application
6.3.1. Commercial Vehicle
6.3.2. Passenger Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global New Energy Vehicle Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. New Energy Vehicle Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global New Energy Vehicle Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. New Energy Vehicle Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global New Energy Vehicle Demand Share Forecast, 2019-2026
9. North America New Energy Vehicle Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America New Energy Vehicle Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America New Energy Vehicle Market Size and Volume Forecast by Application
9.4.1. Commercial Vehicle
9.4.2. Passenger Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America New Energy Vehicle Market Size and Volume Forecast by Type
9.7.1. HEV
9.7.2. PHEV
9.7.3. EV
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America New Energy Vehicle Demand Share Forecast, 2019-2026
10. Latin America New Energy Vehicle Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America New Energy Vehicle Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America New Energy Vehicle Market Size and Volume Forecast by Application
10.4.1. Commercial Vehicle
10.4.2. Passenger Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America New Energy Vehicle Market Size and Volume Forecast by Type
10.7.1. HEV
10.7.2. PHEV
10.7.3. EV
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America New Energy Vehicle Demand Share Forecast, 2019-2026
11. Europe New Energy Vehicle Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe New Energy Vehicle Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe New Energy Vehicle Market Size and Volume Forecast by Application
11.4.1. Commercial Vehicle
11.4.2. Passenger Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe New Energy Vehicle Market Size and Volume Forecast by Type
11.7.1. HEV
11.7.2. PHEV
11.7.3. EV
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe New Energy Vehicle Demand Share, 2019-2026
12. Asia Pacific New Energy Vehicle Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific New Energy Vehicle Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific New Energy Vehicle Market Size and Volume Forecast by Application
12.4.1. Commercial Vehicle
12.4.2. Passenger Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific New Energy Vehicle Market Size and Volume Forecast by Type
12.7.1. HEV
12.7.2. PHEV
12.7.3. EV
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific New Energy Vehicle Demand Share, 2019-2026
13. Middle East & Africa New Energy Vehicle Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa New Energy Vehicle Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa New Energy Vehicle Market Size and Volume Forecast by Application
13.4.1. Commercial Vehicle
13.4.2. Passenger Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa New Energy Vehicle Market Size and Volume Forecast by Type
13.7.1. HEV
13.7.2. PHEV
13.7.3. EV
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa New Energy Vehicle Demand Share, 2019-2026
14. Competition Landscape
14.1. Global New Energy Vehicle Market: Market Share Analysis
14.2. New Energy Vehicle Distributors and Customers
14.3. New Energy Vehicle Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TOYOTA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nissan
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tesla
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GM
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ford
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BMW
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Renault
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Volvo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mercedes-Benz
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Volkswagen
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Honda
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. FIAT
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BYD
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Chery
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. ZOTYE
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Yutong
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. BAIC
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. King-long
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Zhong Tong
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
