Electric Mobility Market Size to Surpass US$ 2,784.76 Bn by 2032

The electric mobility (e-mobility) market size is projected to surpass around US$ 2,784.76 billion by 2032 from USD 310 billion in 2022 and is anticipated to grow at a CAGR of 22% from 2023 to 2032.

Key Takeaway

• Asia Pacific region accounted highest revenue share of 68% in 2022.
• By Product, the electric cars segment has generated a revenue share of around 39% in 2022.
• The electric motorcycles segment is expected to reach a CAGR of 19.3% during the forecast period.
• By Battery, the lithium-ion battery segment captured a revenue share of 83% in 2022.
• By end-use, the personal segment has generated a revenue share of around 77% in 2022.
• The commercial segment is poised to grow at a CAGR of 18.9% over the forecast period.
• By drive, the chain drive segment has accounted revenue share of around 46.5% in 2022.
• The belt drive segment is poised to reach a CAGR of 15.5% during the forecast period.

Electric mobility solutions cover electric bicycle, electric skateboard, electric car, electric motorcycle, electric wheelchair, and electric scooter. These are electric-powered vehicles that emit almost zero emission in the environment. They account for the significant share in the automotive industry and transforming the way consumers comprehend mobility as a solution.

Get the Sample Pages of Report for More Understanding@ https://www.precedenceresearch.com/sample/1270

Growth Factors

Rising concern for global warming and pollution have encouraged the governments of various regions to promote the large-scale adoption of electric vehicles in order to meet the climate change, local air quality, dependence of oil to drive a vehicle, and the growth of automotive industry. In support of this, governments of various countries are offering subsidies and tax benefits along with huge investment towards the development of electric vehicle charging infrastructure. For instance, the government of India recently announced to offer tax benefits on the purchase of electric vehicles in order to boost the adoption of e-vehicles across the country. In addition, the Indian government has also announced to impose strict regulation on the purchase of internal combustion engine powered vehicles in order to reduce its production by the year 2030.

Other than India, other nations such as Portugal, South Korea, Spain, and Germany have also set targets for the incorporation of electric vehicles as an environment-friendly solution into their mobility solutions across the country. For instance, South Korea aimed to deploy 200,000 electric vehicles on the road by the year 2020. Similarly, Germany aimed for the deployment of one million EVs and Portugal for 750,000 EVs by the year 2020. Other countries such as Finland, Malaysia, and South Africa have set their respective targets for the adoption of EVs in their automobile solutions across the country. Thus, the aforementioned initiatives taken by the various countries have resulted in prominent growth for the electric mobility market over the upcoming period.

Moreover, automobile companies aimed towards launching new and attractive models of electric vehicles and other mobility solutions. For instance, General Motors, a leading automotive player in electric vehicles announced to introduce 100 different models of e-cars by the year 2020. Furthermore, increasing popularity of services that includes ride-hailing, car sharing, e-bicycle, e-scooter, and e-motorcycle sharing. This in turn triggers the growth of electric mobility market during the anticipated time frame.

Electric Mobility Market  Scope

Report Highlights

• The Asia Pacific dominated the global electric mobility market owing to rising demand for electric vehicles in the region
• European market for global electric mobility is the other significant market and register prominent growth during the forecast time period
• By product, electric cars segment led the global electric mobility market with a revenue share of nearly 70% in the year 2020 because of higher rate of adoption in the developed as well as developing nations
• Based on battery, NiMH register the fastest growth over the forecast time period owing to prominent demand in HEVs
• The greater than 48V voltage segment witness significant growth during the analysis period because of increasing research & development for higher speed and distance coverage of EVs

Read Also: Electric Scooters Market Size Surpass Around US$ 88.75 Bn by 2032

Regional Snapshots

By geography, the Asia Pacific led the global electric mobility market with notable revenue share in the year 2020 and anticipated to register prominent growth during the forecast time period. This is mainly because of high rate of electric vehicle adoption across various countries such as South Korea, China, India, Japan, Australia, Singapore, ASEAN countries, and many others. The government of various Asian countries have issued mandatory laws in slowing down the production of internal combustion engine powered vehicles in respect of rising environmental pollution. Hence, this triggers the adoption of electric vehicles owing to its environment-friendly nature.

Rising population coupled with increasing price of oil including diesel, petrol, and other fuels anticipated to propel the demand for electric vehicles in the Asian countries. Further, rapid rise in the rate of production capacity for electric vehicles in the Asian countries such as China and Japan also thrive the market growth for electric mobility over the upcoming years.

However, European market growth for electric mobility estimated to register a value of 22% over the forecast timeframe. Rapid development in the European countries along with stringent measures adopted by the government in order to promote the adoption of electric mobility in the region is some of the factors that support the growth of the regional market.

Key Players & Strategies

Prominent market players in the global electric mobility market are largely focused to garner the upcoming opportunities in the developing nations. For the same, some of the market players are investing significantly on various designs of EVs.

Some of the prominent players in the Electric Mobility Market include:

• Gogoro Inc.
• BMW Motorrad International
• Honda Motor Co. Ltd.
• Mahindra Group
• KTM AG
• Ninebot Ltd.
• Terra Motors Corporation
• Suzuki Motor Corporation
• Vmoto Limited
• Zero Motorcycles
• Yamaha Motor Company Limited
• ALTA Motors
• NYCeWheels
• Lightning Motorcycles
• Accell Group
• Tesla

Segments Covered in the Report

By Product

• Electric Bicycle
• Electric Skateboard
• Electric Car
• Electric Motorcycle
• Electric Wheelchair
• Electric Scooter
  • Standing/Self-Balancing
  • Retro
  • Folding

By Battery

• NiMH
• Sealed Lead Acid
• Li-ion

By Voltage

• Less than 24V
• 24V
• 36V
• 48V
• Greater than 48V

By End-use

• Personal
• Commercial

By Drive

• Belt Drive
• Chain Drive
• Hub Drive

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Electric Mobility Market 

5.1. COVID-19 Landscape: Electric Mobility Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Electric Mobility Market, By Product

8.1. Electric Mobility Market, by Product, 2023-2032

8.1.1. Electric Bicycle

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Electric Skateboard

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Electric Car

8.1.3.1. Market Revenue and Forecast (2020-2032)

8.1.4. Electric Motorcycle

8.1.4.1. Market Revenue and Forecast (2020-2032)

8.1.5. Electric Wheelchair

8.1.5.1. Market Revenue and Forecast (2020-2032)

8.1.6. Electric Scooter

8.1.6.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Electric Mobility Market, By Battery

9.1. Electric Mobility Market, by Battery, 2023-2032

9.1.1. NiMH

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Sealed Lead Acid

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. Li-ion

9.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Electric Mobility Market, By Voltage 

10.1. Electric Mobility Market, by Voltage, 2023-2032

10.1.1. Less than 24V

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. 24V

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. 36V

10.1.3.1. Market Revenue and Forecast (2020-2032)

10.1.4. 48V

10.1.4.1. Market Revenue and Forecast (2020-2032)

10.1.5. Greater than 48V

10.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Electric Mobility Market, By End-use

11.1. Electric Mobility Market, by End-use, 2023-2032

11.1.1. Personal

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Commercial

11.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Electric Mobility Market, By Drive

12.1. Electric Mobility Market, by Drive, 2023-2032

12.1.1. Belt Drive

12.1.1.1. Market Revenue and Forecast (2020-2032)

12.1.2. Chain Drive

12.1.2.1. Market Revenue and Forecast (2020-2032)

12.1.3. Hub Drive

12.1.3.1. Market Revenue and Forecast (2020-2032)

12.1.4. OSAT

12.1.4.1. Market Revenue and Forecast (2020-2032)

Chapter 13. Global Electric Mobility Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Product (2020-2032)

13.1.2. Market Revenue and Forecast, by Battery (2020-2032)

13.1.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.1.4. Market Revenue and Forecast, by End-use (2020-2032)

13.1.5. Market Revenue and Forecast, by Drive (2020-2032)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Product (2020-2032)

13.1.6.2. Market Revenue and Forecast, by Battery (2020-2032)

13.1.6.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.1.6.4. Market Revenue and Forecast, by End-use (2020-2032)

13.1.6.5. Market Revenue and Forecast, by Drive (2020-2032)

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Forecast, by Product (2020-2032)

13.1.7.2. Market Revenue and Forecast, by Battery (2020-2032)

13.1.7.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.1.7.4. Market Revenue and Forecast, by End-use (2020-2032)

13.1.7.5. Market Revenue and Forecast, by Drive (2020-2032)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Product (2020-2032)

13.2.2. Market Revenue and Forecast, by Battery (2020-2032)

13.2.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.2.4. Market Revenue and Forecast, by End-use (2020-2032)

13.2.5. Market Revenue and Forecast, by Drive (2020-2032)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Product (2020-2032)

13.2.6.2. Market Revenue and Forecast, by Battery (2020-2032)

13.2.6.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.2.7. Market Revenue and Forecast, by End-use (2020-2032)

13.2.8. Market Revenue and Forecast, by Drive (2020-2032)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Product (2020-2032)

13.2.9.2. Market Revenue and Forecast, by Battery (2020-2032)

13.2.9.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.2.10. Market Revenue and Forecast, by End-use (2020-2032)

13.2.11. Market Revenue and Forecast, by Drive (2020-2032)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Product (2020-2032)

13.2.12.2. Market Revenue and Forecast, by Battery (2020-2032)

13.2.12.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.2.12.4. Market Revenue and Forecast, by End-use (2020-2032)

13.2.13. Market Revenue and Forecast, by Drive (2020-2032)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Product (2020-2032)

13.2.14.2. Market Revenue and Forecast, by Battery (2020-2032)

13.2.14.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.2.14.4. Market Revenue and Forecast, by End-use (2020-2032)

13.2.15. Market Revenue and Forecast, by Drive (2020-2032)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Product (2020-2032)

13.3.2. Market Revenue and Forecast, by Battery (2020-2032)

13.3.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.3.4. Market Revenue and Forecast, by End-use (2020-2032)

13.3.5. Market Revenue and Forecast, by Drive (2020-2032)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Product (2020-2032)

13.3.6.2. Market Revenue and Forecast, by Battery (2020-2032)

13.3.6.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.3.6.4. Market Revenue and Forecast, by End-use (2020-2032)

13.3.7. Market Revenue and Forecast, by Drive (2020-2032)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Product (2020-2032)

13.3.8.2. Market Revenue and Forecast, by Battery (2020-2032)

13.3.8.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.3.8.4. Market Revenue and Forecast, by End-use (2020-2032)

13.3.9. Market Revenue and Forecast, by Drive (2020-2032)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Product (2020-2032)

13.3.10.2. Market Revenue and Forecast, by Battery (2020-2032)

13.3.10.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.3.10.4. Market Revenue and Forecast, by End-use (2020-2032)

13.3.10.5. Market Revenue and Forecast, by Drive (2020-2032)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Product (2020-2032)

13.3.11.2. Market Revenue and Forecast, by Battery (2020-2032)

13.3.11.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.3.11.4. Market Revenue and Forecast, by End-use (2020-2032)

13.3.11.5. Market Revenue and Forecast, by Drive (2020-2032)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Product (2020-2032)

13.4.2. Market Revenue and Forecast, by Battery (2020-2032)

13.4.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.4.4. Market Revenue and Forecast, by End-use (2020-2032)

13.4.5. Market Revenue and Forecast, by Drive (2020-2032)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Product (2020-2032)

13.4.6.2. Market Revenue and Forecast, by Battery (2020-2032)

13.4.6.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.4.6.4. Market Revenue and Forecast, by End-use (2020-2032)

13.4.7. Market Revenue and Forecast, by Drive (2020-2032)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Product (2020-2032)

13.4.8.2. Market Revenue and Forecast, by Battery (2020-2032)

13.4.8.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.4.8.4. Market Revenue and Forecast, by End-use (2020-2032)

13.4.9. Market Revenue and Forecast, by Drive (2020-2032)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Product (2020-2032)

13.4.10.2. Market Revenue and Forecast, by Battery (2020-2032)

13.4.10.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.4.10.4. Market Revenue and Forecast, by End-use (2020-2032)

13.4.10.5. Market Revenue and Forecast, by Drive (2020-2032)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Product (2020-2032)

13.4.11.2. Market Revenue and Forecast, by Battery (2020-2032)

13.4.11.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.4.11.4. Market Revenue and Forecast, by End-use (2020-2032)

13.4.11.5. Market Revenue and Forecast, by Drive (2020-2032)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Product (2020-2032)

13.5.2. Market Revenue and Forecast, by Battery (2020-2032)

13.5.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.5.4. Market Revenue and Forecast, by End-use (2020-2032)

13.5.5. Market Revenue and Forecast, by Drive (2020-2032)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Product (2020-2032)

13.5.6.2. Market Revenue and Forecast, by Battery (2020-2032)

13.5.6.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.5.6.4. Market Revenue and Forecast, by End-use (2020-2032)

13.5.7. Market Revenue and Forecast, by Drive (2020-2032)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Product (2020-2032)

13.5.8.2. Market Revenue and Forecast, by Battery (2020-2032)

13.5.8.3. Market Revenue and Forecast, by Voltage (2020-2032)

13.5.8.4. Market Revenue and Forecast, by End-use (2020-2032)

13.5.8.5. Market Revenue and Forecast, by Drive (2020-2032)

Chapter 14. Company Profiles

14.1. Gogoro Inc.

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. BMW Motorrad International

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Honda Motor Co. Ltd.

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Mahindra Group

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. KTM AG

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Ninebot Ltd.

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Terra Motors Corporation

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Suzuki Motor Corporation

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Vmoto Limited

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Zero Motorcycles

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.expresswebwire.com/

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Blog: https://www.autoindustrybulletin.com/