Global New Energy Vehicles
Market Report
2024
The New Energy Vehicles Motor market is expected to grow at 21.5% CAGR from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per our study, The New Energy Vehicles Motor market is expected to grow at 21.5% CAGR from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global New Energy Vehicles Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 21.5% |
Market Split by Type |
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Market Split by Application |
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Market Split by Vehicle Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of New Energy Vehicles industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
New Energy Vehicles Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
With advancement in technology and to reduce the dependency on natural resources, the focused on uncommon energy source has increased since past few years. New energy vehicles motors are fully or mainly driven by new energy including purely electric, hybrid (plug-in and extended range), and fuel cell vehicles. The traditional internal combustion engine is now rapidly replaced by electric motor.
Increasing migration of people from rural to urban areas for job, education and business opportunities creates pressure on government transport services. With increasing industrialization and need of transport services, the dependency on fuel has increased massively that lead to the high prices of fuel and high dependency on Arab countries. In addition, increase in the various initiatives by government to promote the electric vehicle accelerating the new energy vehicles motor market growth. The growing awareness about environmental benefits of electric vehicles coupled with continuous development in research for better performance creates new opportunities to the new energy vehicles motor market.
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Recent developments in the market:
• October 17, 2022
MG Motor India has launched an affordable electric vehicle in the local market.
• January 26, 2023
Japan's Suzuki Motor Corporation planning to introduce six battery electric vehicles in India by FY2030.
• January 11, 2023
China’s MG Motor Aims to Launch Three EVs in India by End 2024.
Top Companies Market Share in New Energy Vehicles Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Geographically, the global market is divided into North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America region is further bifurcated into U.S., Canada, Mexico. The Europe region is further characterized into U.K., France, Germany, and Rest of Europe. Asia Pacific is further divided into China, Japan, India, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, and Rest of Latin America. Middle East & Africa region covers the UAE, South Africa, and Rest of MEA. North America dominates the new energy vehicles motor market due to the awareness about electric vehicles coupled with rapidly growing fast charging infrastructure in the region. Moreover, Asia Pacific is expected to be the fastest growing region due to the rising investment and government support in electric vehicle market.
The current report Scope analyzes New Energy Vehicles Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global New Energy Vehicles Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing New Energy Vehicles Industry growth. New Energy Vehicles market has been segmented with the help of its Type, Application Vehicle Type, and others. New Energy Vehicles market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for New Energy Vehicles market.
Type of New Energy Vehicles analyzed in this report are as follows:
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of New Energy Vehicles from 2019 to 2031. This will also help to analyze the demand for New Energy Vehicles across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of New Energy Vehicles are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global New Energy Vehicles Market is witnessing significant growth in the near future.
In 2023, the Permanent Magnet Synchronous Motor segment accounted for noticeable share of global New Energy Vehicles Market and is projected to experience significant growth in the near future.
The Commercial Vehicle segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Toyota, BROAD-OCEAN and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Permanent Magnet Synchronous Motor, Induction Motor, DC Series Motor, Others |
Application | Commercial Vehicle, Passenger Vehicle |
Vehicle Type | Electric Vehicles, Hybrid Electric Vehicles |
List of Competitors | Toyota, BYD, BROAD-OCEAN, Delphi, MITSUBISHI, GM, Ford, FUKUTA, DENSO, Bosch |
This chapter will help you gain GLOBAL Market Analysis of New Energy Vehicles. Further deep in this chapter, you will be able to review Global New Energy Vehicles Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Vehicle Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global New Energy Vehicles market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Permanent Magnet Synchronous Motor have a significant impact on New Energy Vehicles market? |
What are the key factors affecting the Permanent Magnet Synchronous Motor and Induction Motor of New Energy Vehicles Market? |
What is the CAGR/Growth Rate of Commercial Vehicle during the forecast period? |
By type, which segment accounted for largest share of the global New Energy Vehicles Market? |
Which region is expected to dominate the global New Energy Vehicles Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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