The research and analysis conducted in Europe Electric Vehicle Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Europe Electric Vehicle industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Europe Electric Vehicle Market report is provided that covers many work areas.
Market expectations for likely development openings have been mentioned clearly in this world class Europe Electric Vehicle Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this Europe Electric Vehicle Market report.
Electric vehicle market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the highest CAGR of 24.6%in the forecast period of 2020 to 2027 and expected to reach USD 300,007.94 million by 2027 from USD 52,124.97 million in 2019. Increasing concern about pollution and depleting fossil fuel sources are the factors for the market growth.
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Electric vehicle are run by utilizing clean electric energy. Instead of an internal combustion engine, electric vehicles were powered using an electric motor, whereas internal combustion engine is used to burn fossil products.
Increased number of EV model offering from automakers will accelerate the market growth. Large amount of investments from manufacturers for developing electric vehicle technologies to make it affordable are also expected to enhance the market growth. Government incentive scheme will further create new opportunities that impact this electric vehicle market growth in the forecast period to 2027. For instance, German government announced that they will provide USD 4,430.02 incentive for consumer who purchases purely electric car and USD 3,322.51 for plug-in hybrids consumers.
This electric vehicle market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses, and opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe Electric Vehicle Market Scope and Market Size
Electric vehicle market is segmented on the basis component, propulsion type, charging station type, class, power train, and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
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Europe Electric Vehicle Market, By Propulsion Type
Based on component, the market is segmented into battery cells & packs, on-board charger, infotainment system and others. There is an increase in production of battery cell packs for EV due to major demand of EVs in developed countries, as it does not produce the noise compared to the internal combustion engine. This factor is one of the reasons behind the dominance of battery cells & packs segment.
Based on propulsion type, the market is segmented into plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVS), hybrid electric vehicles (HEVs) and fuel cell electric vehicles (FCEVs). The rising initiative from the European government towards reducing the GHS is one prominent factor for increasing the demand of battery electric vehicle in the European countries. For instance, the Federal Government of Germany has set a target of cutting down greenhouse gas emission by 40% by 2020. This initiative will in turn increase the demand of battery electric vehicle in the European.
Based on charging station type, the market is segmented into normal charging and super charging. Normal charging station had accounted for the largest market share due to rising government support from European government for building charging infrastructure, especially for normal charging. For instance, Federal Government of German will provide a grant of USD 118 million for building the normal charging infrastructure. This planning will increase the demand of electric vehicle in the European region.
Based on class, the market is segmented into mid-priced and luxury. Mid-priced electric vehicles are dominating the market and also register the highest CAGR for forecasted period. The mid-priced segment accounted largest market share as European countries consider being early adopters for electric vehicle. Due to this major OEM such as Ford, General Motors Company and many more has planned to bring lowest price of electric vehicle especially for European countries. Due to this factor, the demand of mid-priced electric vehicle will continue growing in the European countries. Furthermore, this mid-priced luxury car is also widely used in the sport competition. For instance, in April 2019 Jaguar had launched I-pace model. This is first electric vehicle sport car with five seater. This model price starts from USD 80,000.
Based on the power train, the market is segmented into parallel hybrid, series hybrid and combined hybrid. Series hybrid power train segment is dominating the market as it helps the OEMs to reduce the overall weight of the electric vehicle. Apart from these, the component manufacturers of powertrain particularly from Germany continuously focus on innovating the powertrain. The utilization of these components in the vehicle will contribute in minimizing the carbon footprint from the environment. For instance, OBRIST Powertrain GmbH is offering powertrain component especially for hybrid electric and battery-powered vehicles. The integration of this powertrain reduces the greenhouse gas emissions from the environment.
Based on the vehicle type, the market is segmented into passenger cars, two wheelers and commercial vehicles. The passenger car segment accounted largest market as Germany is well known for producing the passenger cars. The automotive sector of the country is one of the key economy contributors. This makes German OEMs to continue focusing on improving the alternative technology which include fuel cell cars, electric and hybrid and among others. Thus the improvement in the technology will further increase the export of passenger cars.
Electric Vehicle Market Country Level Analysis
Electric vehicle market is analysed and market size information is provided by country, by vehicle type, power train and charging station type as referenced above.
The countries covered in the electric vehicle market report are Germany, Italy, France, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and rest of Europe in Europe.
Europe electric vehicle market is growing due to high amount of investments from EV manufacturers to make affordable EVs is expected to grow at the significant growth rate in the forecast period of 2020 to 2027 because of increasing aging population. For instance, September, 2019, Volkswagen introduced affordable mid-priced long-range electric car under USD 33,180
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory act and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
High amount of investment done by automakers to develop new technologies in electric vehicle market
Europe electric vehicle market also provides you with detailed market analysis for every country growth in installed base of different kind of products for electric vehicles market, impact of technology using life line curves and changes in automobile regulatory scenarios and their impact on the electric vehicle market. The data is available for historic period 2010 to 2018.
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Competitive Landscape and Electric Vehicle Market Share Analysis
Electric vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe electric vehicle market.
The major players covered in the report are Ford Motor Company, General Motors, AUDI AG, Kia Motors Corporation, Groupe Renault, Groupe PSA, SAIC Motor Corporation Limited, JAC, Tesla, Daimler AG, BMW AG, Hyundai Motor Company, BYD Company Ltd., Continental AG, TOYOTA MOTOR CORPORATION, Nissan Motor Co., LTD., Volkswagen AG, AB Volvo, Honda Motor Co., Ltd., among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In November 2019, BMW Group made announcement of investing huge money for charging infrastructure development in Germany market. The company will form new 4,100 charging points for Germany market by 2021. Through this, the company will increase their market share in Germany region.
- In September 2019, Daimler Trucks & Buses formed agreement with Contemporary Amperex Technology Co. Limited (CATL) for lithium-ion battery cell modules. Under the agreement CATL will supply lithium-ion battery cell modules for Daimler electric buses and trucks. Through this the company has increased their vehicle production capacity as well as offering for electric trucks and vehicles.
Such investment and partnership other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for electric vehicles through expanded model range
The Europe Electric Vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Europe Electric Vehicle market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Europe Electric Vehicle market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Europe Electric Vehicle market. These factors have benefited the growth of the global market for Europe Electric Vehicle. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)
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Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
- Market outline
PART 05: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 06: MARKET SIZING
- Market definition
- Market sizing 2021
- Market size and forecast
PART 07: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 08: MARKET SEGMENTATION BY PRODUCT
- Global Europe Electric Vehicle market by product
- Comparison by product
- Market opportunity by product
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Global Europe Electric Vehicle market by distribution channel
- Comparison by distribution channel
- Global Europe Electric Vehicle market by offline distribution channel
- Global Europe Electric Vehicle market by online distribution channel
- Market opportunity by distribution channel
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
- Global Europe Electric Vehicle market by end-user
- Comparison by end-user
PART 12: REGIONAL LANDSCAPE
- Global licensed Europe Electric Vehicle market by geography
- Regional comparison
- Licensed Europe Electric Vehicle market in Americas
- Licensed Europe Electric Vehicle market in EMEA
- Licensed Europe Electric Vehicle market in APAC
- Market opportunity
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 15: MARKET TRENDS
PART 16: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 17: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
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