Automotive Electrified Vehicles Market Trends and Analysis by Technology, Companies and Forecast to 2028

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$995
Buy Report View Sample

Published: October 31, 2023 Report Code: GDAUS651023-ST

Select Item

Automotive Electrified Vehicles Market Report Overview

The automotive electrified Vehicles market size is estimated at 26.5 million units in 2023. The market is expected to register a CAGR of more than 15% during 2023-2028. The market growth will be supported by the volatile gasoline prices that is propelling the demand for EVs. The new movement towards the electrification of transportation has been influenced by macroeconomic, political, and environmental developments like oil dependence, increased competition, and rising carbon emissions.

Automotive Electrified Vehicles Market Outlook 2023-2028 (Million Units)

Automotive Electrified Vehicles Market Outlook 2023-2028 (Million Units)

Buy the Full Report for Additional Automotive Electrified Vehicles Market Forecast Insights or Download a Free Sample Report

The automotive electrified Vehicles market research report offers a comprehensive analysis of the trends & drivers, technological developments, PESTER outlook, sector forecast, and competitive landscape. The report brings together multiple data sources to provide a detailed overview of the global electrified Vehicles sector during the projected period.

Market Size (2023) 26.5 Million Units
CAGR (2023-2028) >15%
Key Regions

 

 

 

 ·        Asia-Pacific

·        Europe

·        North America

·        South America

·        The MEA
Key Sectors ·        Hybrid

·        BEV

·        Fuel Cell
Key Companies ·        Toyota Group

·        Volkswagen Group

·        Hyundai Group

·        Stellantis

·        Renault-Nissan Mitsubishi
Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Automotive Electrified Vehicles Market – Technologies and Innovations

Hybrid electric vehicles (HEVs) currently dominate the electrified vehicles sector, while Lithium-ion batteries lead in terms of battery chemistry being used. Researchers and industry are also looking at alternative technological developments such as hydrogen fuel cell electric vehicles, and others to address the range of anxieties and cost issues. Some of the innovations garnering attention in electrified vehicle technology are the Tesla Supercharger network, innovation by ChargePoint, and the charging network by Electrify America.

Tesla Supercharger network: Tesla models are the only vehicles that can use superchargers, and the business has been expanding its network since 2012. Early purchasers of the Model S and Model X were given free Supercharging, but this offer has not been extended to those of the Model 3 or Model Y, whose owners must pay per kWh consumed at rates that are somewhat cheaper than those of a comparable gasoline-powered vehicle.

Buy The Full Report for More Information on Technologies and Innovations in the Automotive Electrified Vehicles Market

Download a Free Sample Report

Automotive Electrified Vehicles Market Segmentation by Region

Asia-Pacific leads the global electrified Vehicles market in 2023.

The key regions in the automotive electrified vehicles market are Asia-Pacific, Europe, North America, South America, and MEA. Asia-Pacific is followed by Europe and North America. However, South America is estimated to be the fastest-growing region for the sector over the forecast period.

Automotive Electrified Vehicles Market Analysis by Region, 2023 (%)

Automotive Electrified Vehicles Market Analysis by Region, 2023 (%)

Buy the Full Report for The Regional Automotive Electrified Vehicles Market

Download a Free Sample Report

Automotive Electrified Vehicles Market Segmentation by Sectors

Asia-Pacific leads the global electrified Vehicles market in 2023.

The key sectors in the automotive electrified vehicles market are Hybrid, BEV, and fuel cell. In 2023, hybrid garnered the largest among all electrified vehicles’ components.

Automotive Electrified Vehicles Market Analysis by Sectors, 2023 (%)

Automotive Electrified Vehicles Market Analysis by Sectors, 2023 (%)

Buy the Full Report for More Insights on The Sectors in the Automotive Electrified Vehicles Market

Download a Free Sample Report

Automotive Electrified Vehicles Market – Competitive Landscape

Toyota Group led the global electrified vehicles market in 2021.

The top companies operating in the global electrified Vehicles are:

  • Toyota Group
  • Volkswagen Group
  • Hyundai Group
  • Stellantis
  • Renault-Nissan Mitsubishi

Toyota Group was followed by Volkswagen Group and Hyundai Group.

Automotive Electrified Vehicles Market Analysis by Companies, 2021 (%)

Automotive Electrified Vehicles Market Analysis by Companies, 2021 (%)

Buy The Full Report for More Information on The Automotive Electrified Vehicles Market Companies

Download a Free Sample Report

Automotive Electrified Vehicles Market – Latest Developments

  • A significant Original Equipment Manufacturer of hydrogen fuel cell electric vehicles has agreed to a Hydrogen Purchase Agreement with PowerTap Hydrogen Capital Corp., and PowerTap Hydrogen Fueling Corp., a wholly owned subsidiary of the company.
  • At its Derby, UK, production facility, Toyota showcased the prototype of its hydrogen-powered cell Hilux vehicle. The new Hilux powertrain borrows key components from the Mirai hydrogen cell-powered automobile.

Key Segments Covered in this Report.

Automotive Electrified Vehicles Regional Outlook (Volume, Million Units, 2018-2028)

  • Asia-Pacific
  • Europe
  • North America
  • South America
  • MEA

Automotive Electrified Vehicles Sectors Outlook (Volume, Million Units, 2018-2028)

  • Hybrid
  • BEV
  • Fuel Cell

Scope

This report brings together multiple data sources to provide a comprehensive overview of the global Electrified Vehicles sector. It includes an analysis of the following –

  • Trends & Drivers: Provides an overview of the current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.

  • Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.

  • PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.

  • Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2017-2026, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, North America, South America, and MEA-highlighting sector size, and growth drivers for the region.

  • Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.

  • Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.

Reasons to Buy

  • Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail.

  • This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region. The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances. The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion. To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.

Toyota Group
Volkswagen Group
Hyundai Group
Stellantis
Renault-Nissan Mitsubishi

Table of Contents

  • 1. Executive Summary

  • 2. Part 1: Main Trends and Drivers

    • 2.1. Trends

    • 2.2. Drivers

  • 3. Part 2: Technologies and Innovations

  • 4. Part 3: PESTER Analysis

  • 5. Part 4: Sector Forecast

    • 5.1. Sector Forecast – Global Electrified Vehicles Volumes

    • 5.2. Asia-Pacific Market Growth Analysis

    • 5.3. European Market Growth Analysis

    • 5.4. North American Market Growth Analysis

    • 5.5. South American Market Growth Analysis

    • 5.6. MEA Market Growth Analysis

  • 6. Part 5: Latest Developments

  • 7. Part 6: Key Companies

  • 8. Part 7: Patent Analysis

  • 9. Part 8: Appendix

Frequently asked questions

Automotive Electrified Vehicles Market Trends and Analysis by Technology, Companies and Forecast to 2028 thematic reports
Currency USD
$995

Can be used by individual purchaser only

Most Popular
$1,492

Can be shared by unlimited users within one corporate location e.g. a regional office

$1,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Add to Basket

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Automotive Electrified Vehicles Market Trends and Analysis by Technology, Companies and Forecast to 2028 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

 Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

 Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

 Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

 Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

Related reports

View more Electrified Vehicles reports
Automotive
New
Automotive ADAS and Autonomous Vehicles Market Trends and Analysis by…
$995 | October 2023
Automotive
New
Automotive Material Market Trends and Analysis by Technology, Companies and…
$995 | October 2023
Automotive
New
Automotive Electric Motors Market Trends and Analysis by Technology, Companies…
$995 | October 2023
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Automotive Electrified Vehicles Market Trends and Analysis by Technology, Companies and Forecast to 2028 in real time.

  • Access a live Automotive Electrified Vehicles Market Trends and Analysis by Technology, Companies and Forecast to 2028 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.
Tell me more