Electric Vehicle Market to rise at CAGR of 25% by 2024

November 16 18:00 2018
Electric Vehicle Market Size, Share & Industry Forecast Research Report, 2024 By Type, Vehicle Type and Regional Analysis

The global Electric Vehicle Market report present evidence-based information and covers all the market details such as the latest technology trends, market opportunity analysis, and competitive landscape. The report also covers regional market share, size along with market drivers and restraints for the forecast period of 2018-2024. Further, this research report also delivers information associated with the latest developments by major players with their respective market share in the market.

According to the global Electric Vehicle Market report published by Value Market Research, the market is expected to touch USD 450 BN by 2024, with a CAGR of 25% growing from USD 100 BN in 2017.

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the electric vehicle market include Bayerische Motoren Werke Aktiengesellschaft, BYD Company Limited, Daimler AG, Energica Motor Company S.p.A., Ford Motor Company, General Motor Company, Nissan Motor Co. Ltd, Tesla, Inc., Toyota Motor Corporation and Volkswagen AG. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

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Market Dynamics

The electric vehicle market is growing at a faster pace owing to rising oil depletion coupled with increasing fuel prices are the major factor driving the demand for electric vehicles. Rising environmental concern and favorable governmental support by reducing registration tax to promote the production of low emission vehicles are further fueling the market growth. Growing need of fuel-efficient vehicles is pushing the market growth uphill.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of electric vehicle.

Browse Global Electric Vehicle Market Research Report with detailed TOC at https://www.valuemarketresearch.com/report/electric-vehicle-market

Market Segmentation

The broad electric vehicle market has been sub-grouped into type and vehicle type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Type

Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-In Hybrid Electric Vehicles

By Vehicle Type

Two Wheeler
Passenger Car
Commercial Vehicles

Regional Analysis

Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for the electric vehicle in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

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