Global Electric Mobility Market Size is estimated to expand rapidly in the coming years, at a CAGR of 22.7 % from 2018 to 2025. In 2017, the global market valuation was USD 12.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Electric mobility relates to every vehicle driven mainly by an electric motor or by the power grid. Electric mobility involves all-electric vehicles, including powered battery-powered cars, hybrid plug-ins and electric hybrid vehicles. Most of the electric car is a small or no-emission car, which substantially helps in reducing carbon emissions to the greener setting.
Concerns about the ever-growing greenhouse-gas and carbon footprint of the car and automobile sectors encourage legislative bodies at the worldwide and state level to pursue measures to foster energy-efficient motor vehicles. In addition, the continuously declining expenses for large capacity Li-ion batteries, which in turn reduce overall vehicle costs, are leading to the increasing utilization of electric vehicles (EVs) and the increasing adoption of Mobility as Service (MaaS). Economic, technological and cultural transition is taking place in the automotive industry. This is mainly due to the enhanced consciousness of the reduced cost of operation and maintenance of EVs and the ability of EVs to reduce damaging emissions that add to global warming. In the coming years, these favorable developments are probable to be successful for the electronic movement or e-mobility industry.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global electric mobility market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electric mobility market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Product Insights: On the basis of product, global electric mobility market has been segmented into electric scooter, electric bicycle, electric skateboard, electric motorcycle, electric car, and electric wheelchair. Among these products, electric car segment has accounted for largest share in the global market of electric mobility. The higher acceptance rates and high cost of battery EVs in comparison to the costs for e-engines, scooters, skateboards, wheelchairs, and bicycles can be attributed to this. In addition, the increasing demand for EVs was driven by policies that promote the buy-out of environmentally friendly vehicles by fleet owners and municipalities.
By Battery Insights: On the basis of battery, global electric mobility market has been segmented into sealed lead acid, NiMH, and Li-ion. Among which Li-ion segment is expected to be the highest growing segment in the global market of electric mobility and will witness high CAGR in forecast period. The price of Li-ion batteries has decreased in the past few years which will dominate the forecast period. These batteries are anticipated to proceed to boost requirements due to their growing economical design, combined with hipper energy densities relative to the screened lead acid and NiMH batteries. In addition, the Li-ion market has significant growth opportunities as battery suppliers and manufacturers are investing in R&D activities to offer safe, reliable and cheap energy-enhancing battery solutions.
The electric mobility market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
Regionally, Asia Pacific market is expected to witness high growth in the global market of electric mobility. Due to the greater level of use, in particular of electric bicycles and electric scooters, in markets such as China or Japan, the national industry for electric vehicles is expected to dominate. This is due to an increase in pollution and the rapid increase in the price of fuel. In terms of production and sales of EV's, Asian economies, such as China and Japan, are also leaders. Moreover, China shall dominate the regional market during the forecast period, as China meets most of the demand for EVs. The European market for the electric mobility market is expected to witness high growth in forecast period. This growth is mainly ascribed to the European battery changing network and increasing opportunities in emerging market.
Global Electric Mobility Market Size, Share Analysis by Region 2018
Global Electric Mobility Market Study Objective
1. To forecast the market size of electric mobility market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of electric mobility market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate on significant factors that will have a major impact on the growth of electric mobility market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of electric mobility market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide a detailed analysis of competitive and strategic developments in the electric mobility market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Vmoto Limited ABN, Tesla, Terra Motors, Continental AG, ALTA MOTORS, Accell Group, Nissan Motor Corporation, BYD Co Ltd., Mahindra Electric Mobility Limited, General Motors, Zero Motorcycles, Inc., and Kinetic Green Energy & Power Solutions Ltd are some of the key players in the market of electric mobility. Leading business participants are adopting action to profit from the huge possibilities untapped in developing economies. Companies are also making significant investments in developing enhanced battery technology to improve the power-to-weight and distance percentage of a vehicle.
Global Electric Mobility Market Study Report Offer You!
The global electric mobility market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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