Asia Pacific Electric Vehicle Market – Industry Analysis and Forecast (2019-2026) – By Propulsion Type, Vehicle Type, Component Type and Country.

Asia Pacific Electric Vehicle Market stood at over US$ 76.90 Bn in 2018 and is projected to grow at a CAGR of more than XX % to surpass US$ XX  Bn by 2026. Asia Pacific Electric Vehicle Market To know about the Research Methodology:-Request Free Sample Report

Asia Pacific Electric Vehicle Market , Dynamics:

Asia Pacific automobile industry is one of the largest industries with over 42 million passenger cars sold in 2019. The APAC automobile industry is receiving a higher degree of innovation in terms of digitization and technology advancements. Growth in the market is led by rising concerns about growing air pollution levels in the region and increasing demand for automobiles which run on cleaner fuels. Moreover, consistently growing affordability of electric passenger cars which are being provided by the leading automobile manufacturers is further likely to augment demand for electric passenger cars across Asia-Pacific in the coming years. Additionally, expanding product portfolio of electric passenger car manufacturers owing to the continued investments by several key OEMs in order to develop premium quality and the more affordable electric vehicle is anticipated to propel growth in Asia-Pacific electric vehicle market in the coming years.

Asia Pacific Electric Vehicle Market, Drivers:

Rising environmental awareness and government support are expected to drive the Asia-Pacific electric vehicle market. Economies in this region are reducing their dependence on costly fossil fuel by promoting electric vehicle. For instance, India plans to replace all cars with electric ones by 2030. China is offering considerable subsidy on electric cars depending upon the battery size. Rising environmental awareness among people is also benefiting the sales of these cars in Asia-Pacific. Rising income levels and increasing urbanization in the emerging economies in Asia-Pacific is a strong growth driver for the electric vehicle market. In emerging economies such as India and China, vehicle penetration is still less compared to the developed countries. Rising income levels and aspirations to own a vehicle would open opportunities for electric vehicle companies in these countries. The electric vehicle market growth in Asia-Pacific would be faster than North America and Europe, as companies would not have to wait for the conventional vehicle to be replaced by the electric ones. Due to the current low penetration of passenger vehicle in Asia-Pacific, many first-time owners of a passenger vehicle would opt for an electric car.

Asia Pacific Electric Vehicle Market, Challenges:

A typical passenger vehicle customer in major economies, such as India and China, is highly cost sensitive. Even though the running cost of an electric vehicle is low (6kms per 1KWh), it is the high battery cost, which increases the upfront or showroom price of an electric vehicle, making owning expensive for an average customer. The high upfront cost of electric cars could slow down its sales in the region. However, declining prices of lithium-ion batteries over the last few years is a positive sign for the Asia-Pacific electric vehicle market. An underdeveloped ecosystem for the electric vehicle, including domestic battery manufacturers and charging points, could hamper the sales of the electric vehicle. While China and Japan had 150,000 and 40,000 charging stations respectively, other countries in the region is far behind as far as charging stations are concerned. Moreover, most battery manufacturers are operating from China, restricting the local manufacturing capacity in other countries. Strong policy implementation and incentives to support the development of electric vehicle ecosystem is important for long-term sustainability and growth of electric vehicles. Asia Pacific electric vehicle market is segmented by propulsion type, vehicle type, component type, and country. The propulsion types include battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and others. BEVs are highly demanded across the regions owing to the cost-effective ownership of the vehicles, and PHEVs are expected to create demand in countries with less penetration of charging stations and minor developments in electric vehicle batteries. The BEV market is expected to account for more than 60% of the share during the forecast period. The vehicle types include two-wheelers, three-wheelers, passenger vehicle, commercial vehicles, and public transport. The two-wheelers market is expected to attract innovation in terms of battery technologies and charging equipment. The three-wheelers market in APAC is largely driven by the demand from China, Japan, South Korea, which together account for a significant market share. India and Southeast Asian countries are expected to witness high demand for electric three-wheelers as the respective governments are focusing on deploying environmental-friendly transportation systems. The four-wheelers segment is expected to account for a significant market share during the forecast period. The component types include EV battery, charging equipment, motor controller, electric engine, and others. The motor controller is an essential component in an EV, which is being focused by start-ups in the Asia Pacific. The battery and engine are the two most essential parts of an electric vehicle, which will impact the price of the vehicle. These EV engines or EV motors are expected to account for a higher market share followed by EV batteries and others. Further, EV charging equipment is segmented into AC and DC charging equipment. The AC charging equipment is witnessing a higher demand and is expected to grow during the forecast period.

Asia Pacific Electric Vehicle Market Regional Analysis:

The countries covered are China, Japan, South Korea, India, Australia, New Zealand, and others. China accounts for more than 80% of the region’s value for electric vehicles, followed by Japan, South Korea, and others. India is expected to witness enormous potential owing to the government’s push toward an electric vehicle. Australia and New Zealand are expected to post huge demand for electric vehicle charging stations and batteries due to the enormous demand for the used electric vehicle in the region.

Asia Pacific Electric Vehicle Market, Key Highlights:

• Asia Pacific Electric Vehicle Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Asia Pacific Electric Vehicle Market • Asia Pacific Electric Vehicle Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Asia Pacific Electric Vehicle Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Asia Pacific Electric Vehicle Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Asia Pacific Electric Vehicle Market are also profiled.

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Asia Pacific Electric Vehicle Market, By Propulsion Type:

• Battery Electric Vehicle • Hybrid Electric Vehicle • Plug-In Hybrid Electric Vehicle • Others

Asia Pacific Electric Vehicle Market, By Vehicle Type:

• Two Wheelers • Three Wheelers • Commercial Vehicle • Buses and Coaches

Asia Pacific Electric Vehicle Market, By Component:

• EV Battery • Charging Equipment • Motor Controller • Electric Engine • Others

Asia Pacific Electric Vehicle Market, By Country:

• China • Japan • South Korea • India • Australia • New Zealand • Others

Key players operated in Asia Pacific Electric Vehicle Market:

• Tesla Motors Inc. • BMW Group • Nissan Motor Corporation • Volkswagen AG • General Motors • Daimler AG • Energica Motor Company S.P.A. • BYD Company Motors • Ford Motor Company • Mitsubishi • Hyundai Motor • Fiat Chrysler Automobiles N.V. • Zhejiang Geely Holding Group • Peugeot • Venturi • BAIC • Dongfen • Tork Motors • BYTON • Emflux Motors • NIO (NextEV) • Hero Electric • Tata Motors • Electrotherm • Ashok Leyland Limited • Scania • Volvo • Kinetic Green Energy & Power Solutions • Ather Energy • Ampere Vehicles Private Ltd. • YoBykes • Okinawa Autotech Pvt. Ltd. • OK PLAY India Automotive LED Market

Asia Pacific Electric Vehicle Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 1.4. Key Questions Answered 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations Used 2.3. Research Methodology 3. Executive Summary 3.1. Asia Pacific Electric Vehicle Market Size, by Market Value (US$ Mn) and Market Volume (Units), by Country 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.3. Drivers and Restraints Snapshot Analysis 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunities 4.3.4. Porter’s Analysis 4.3.5. Value Chain Analysis 4.3.6. SWOT Analysis 5. Asia Pacific Electric Vehicle Market Analysis and Forecast 5.1. Asia Pacific Electric Vehicle Market Analysis and Forecast 5.2. Asia Pacific Electric Vehicle Market Size& Y-o-Y Growth Analysis 5.2.1. Asia Pacific 6. Asia Pacific Electric Vehicle Market Analysis and Forecast, by Propulsion Type 6.1. Introduction and Definition 6.2. Key Findings 6.3. Asia Pacific Electric Vehicle Market Value Share Analysis, by Propulsion Type 6.4. Market Size (US$ Mn) (Units)Forecast, by Propulsion Type 6.5. Electric Vehicle Market Analysis, by Propulsion Type 6.6. Asia Pacific Electric Vehicle Market Attractiveness Analysis, by Propulsion Type 7. Asia Pacific Electric Vehicle Market Analysis and Forecast, by Vehicle Type 7.1. Introduction and Definition 7.2. Asia Pacific Electric Vehicle Market Value Share Analysis, by Vehicle Type 7.3. Market Size (US$ Mn) (Units)Forecast, by Vehicle Type 7.4. Asia Pacific Electric Vehicle Market Analysis, by Vehicle Type 7.5. Asia Pacific Electric Vehicle Market Attractiveness Analysis, by Vehicle Type 8. Asia Pacific Electric Vehicle Market Analysis and Forecast, by Component 8.1. Introduction and Definition 8.2. Asia Pacific Electric Vehicle Market Value Share Analysis, by Component 8.3. Market Size (US$ Mn) (Units)Forecast, by Component 8.4. Asia Pacific Electric Vehicle Market Analysis, by Component 8.5. Asia Pacific Electric Vehicle Market Attractiveness Analysis, by Component 9. Asia Pacific Electric Vehicle Market Analysis, by Country 9.1. Asia Pacific Electric Vehicle Market Value Share Analysis, by Country 9.2. Market Size (US$ Mn) (Units)Forecast, by Country 9.3. Asia Pacific Electric Vehicle Market Attractiveness Analysis, by Country 10. Asia Pacific Electric Vehicle Market Analysis 10.1. Key Findings 10.2. Asia Pacific Electric Vehicle Market Overview 10.3. Asia Pacific Electric Vehicle Market Value Share Analysis, by Propulsion Type 10.4. Asia Pacific Electric Vehicle Market Forecast, by Propulsion Type 10.4.1. Battery Electric Vehicle 10.4.2. Hybrid Electric Vehicle 10.4.3. Plug-In hybrid Electric Vehicle 10.4.4. Others 10.5. Asia Pacific Electric Vehicle Market Value Share Analysis, by Vehicle Type 10.6. Asia Pacific Electric Vehicle Market Forecast, by Vehicle Type 10.6.1. Two Wheelers 10.6.2. Three Wheelers 10.6.3. Passenger Vehicle 10.6.4. Commercial Vehicle 10.6.5. Buses and Coaches 10.7. Asia Pacific Electric Vehicle Market Value Share Analysis, by Component 10.8. Asia Pacific Electric Vehicle Market Forecast, by Component 10.8.1. EV Battery 10.8.2. Charging Equipment 10.8.3. Motor Controller 10.8.4. ELECTRIC ENGINE 10.8.5. Others 10.9. Asia Pacific Electric Vehicle Market Value Share Analysis, by Organization size 10.10. Asia Pacific Electric Vehicle Market Forecast, by Organization size 10.10.1. Small & Medium Enterprise 10.10.2. Large Enterprise 10.11. Asia Pacific Electric Vehicle Market Value Share Analysis, by Country 10.12. Asia Pacific Electric Vehicle Market Forecast, by Country 10.12.1. China, 10.12.2. India, 10.12.3. Japan, 10.12.4. SOUTH ASIA 10.12.5. Australia 10.12.6. New Zealand 10.12.7. Rest of Asia Pacific 10.13. Asia Pacific Electric Vehicle Market Analysis, by Country/ Sub-Country 10.14. China Electric Vehicle Market Forecast, by Propulsion Type 10.14.1. Battery Electric Vehicle 10.14.2. Hybrid Electric Vehicle 10.14.3. Plug-In hybrid Electric Vehicle 10.14.4. Others 10.15. China Electric Vehicle Market Forecast, by Vehicle Type 10.15.1. Two Wheelers 10.15.2. Three Wheelers 10.15.3. Passenger Vehicle 10.15.4. Commercial Vehicle 10.15.5. Buses and Coaches 10.16. China Electric Vehicle Market Forecast, by Component 10.16.1. EV Battery 10.16.2. Charging Equipment 10.16.3. Motor Controller 10.16.4. ELECTRIC ENGINE 10.16.5. Others 10.17. India Electric Vehicle Market Forecast, by Propulsion Type 10.17.1. Battery Electric Vehicle 10.17.2. Hybrid Electric Vehicle 10.17.3. Plug-In hybrid Electric Vehicle 10.17.4. Others 10.18. India Electric Vehicle Market Forecast, by Vehicle Type 10.18.1. Two Wheelers 10.18.2. Three Wheelers 10.18.3. Passenger Vehicle 10.18.4. Commercial Vehicle 10.18.5. Buses and Coaches 10.19. India Electric Vehicle Market Forecast, by Component 10.19.1. EV Battery 10.19.2. Charging Equipment 10.19.3. Motor Controller 10.19.4. ELECTRIC ENGINE 10.19.5. Others 10.20. Japan Electric Vehicle Market Forecast, by Propulsion Type 10.20.1. Battery Electric Vehicle 10.20.2. Hybrid Electric Vehicle 10.20.3. Plug-In hybrid Electric Vehicle 10.20.4. Others 10.21. Japan Electric Vehicle Market Forecast, by Vehicle Type 10.21.1. Two Wheelers 10.21.2. Three Wheelers 10.21.3. Passenger Vehicle 10.21.4. Commercial Vehicle 10.21.5. Buses and Coaches 10.22. Japan Electric Vehicle Market Forecast, by Component 10.22.1. EV Battery 10.22.2. Charging Equipment 10.22.3. Motor Controller 10.22.4. ELECTRIC ENGINE 10.22.5. Others 10.23. SOUTH ASIA Electric Vehicle Market Forecast, by Propulsion Type 10.23.1. Battery Electric Vehicle 10.23.2. Hybrid Electric Vehicle 10.23.3. Plug-In hybrid Electric Vehicle 10.23.4. Others 10.24. SOUTH ASIA Electric Vehicle Market Forecast, by Vehicle Type 10.24.1. Two Wheelers 10.24.2. Three Wheelers 10.24.3. Passenger Vehicle 10.24.4. Commercial Vehicle 10.24.5. Buses and Coaches 10.25. SOUTH ASIA Electric Vehicle Market Forecast, by Component 10.25.1. EV Battery 10.25.2. Charging Equipment 10.25.3. Motor Controller 10.25.4. ELECTRIC ENGINE 10.25.5. Others 10.26. Australia Electric Vehicle Market Forecast, by Propulsion Type 10.26.1. Battery Electric Vehicle 10.26.2. Hybrid Electric Vehicle 10.26.3. Plug-In hybrid Electric Vehicle 10.26.4. Others 10.27. Australia Electric Vehicle Market Forecast, by Vehicle Type 10.27.1. Two Wheelers 10.27.2. Three Wheelers 10.27.3. Passenger Vehicle 10.27.4. Commercial Vehicle 10.27.5. Buses and Coaches 10.28. Australia Electric Vehicle Market Forecast, by Component 10.28.1. EV Battery 10.28.2. Charging Equipment 10.28.3. Motor Controller 10.28.4. ELECTRIC ENGINE 10.28.5. Others 10.29. New Zealand Electric Vehicle Market Forecast, by Propulsion Type 10.29.1. Battery Electric Vehicle 10.29.2. Hybrid Electric Vehicle 10.29.3. Plug-In hybrid Electric Vehicle 10.29.4. Others 10.30. New Zealand Electric Vehicle Market Forecast, by Vehicle Type 10.30.1. Two Wheelers 10.30.2. Three Wheelers 10.30.3. Passenger Vehicle 10.30.4. Commercial Vehicle 10.30.5. Buses and Coaches 10.31. New Zealand Electric Vehicle Market Forecast, by Component 10.31.1. EV Battery 10.31.2. Charging Equipment 10.31.3. Motor Controller 10.31.4. ELECTRIC ENGINE 10.31.5. Others 10.32. Rest of Asia Pacific Electric Vehicle Market Forecast, by Propulsion Type 10.32.1. Battery Electric Vehicle 10.32.2. Hybrid Electric Vehicle 10.32.3. Plug-In hybrid Electric Vehicle 10.32.4. Others 10.33. Rest of Asia Pacific Electric Vehicle Market Forecast, by Vehicle Type 10.33.1. Two Wheelers 10.33.2. Three Wheelers 10.33.3. Passenger Vehicle 10.33.4. Commercial Vehicle 10.33.5. Buses and Coaches 10.34. Rest of Asia Pacific Electric Vehicle Market Forecast, by Component 10.34.1. EV Battery 10.34.2. Charging Equipment 10.34.3. Motor Controller 10.34.4. ELECTRIC ENGINE 10.34.5. Others 10.35. Asia Pacific Electric Vehicle Market Attractiveness Analysis 10.35.1. By Propulsion Type 10.35.2. By Vehicle Type 10.35.3. By Component 10.36. PEST Analysis 11. Company Profiles 11.1. Market Share Analysis, by Company 11.2. Competition Matrix 11.3. Company Profiles: Key Players 11.3.1. Tesla Motors Inc. 11.3.1.1. Company Overview 11.3.1.2. Financial Overview 11.3.1.3. Business Strategy 11.3.1.4. Recent Developments 11.3.1.5. Stock Management Footprint 11.3.2. BMW Group 11.3.3. Nissan Motor Corporation 11.3.4. Volkswagen AG 11.3.5. General Motors 11.3.6. Daimler AG 11.3.7. Energica Motor Company S.P.A. 11.3.8. BYD Company Motors 11.3.9. Ford Motor Company 11.3.10. Mitsubishi 11.3.11. Hyundai Motor 11.3.12. Fiat Chrysler Automobiles N.V. 11.3.13. Zhejiang Geely Holding Group 11.3.14. Peugeot 11.3.15. Venturi 11.3.16. BAIC 11.3.17. Dongfen 11.3.18. Tork Motors 11.3.19. BYTON 11.3.20. Emflux Motors 11.3.21. NIO (NextEV) 11.3.22. Hero Electric 11.3.23. Tata Motors 11.3.24. Electrotherm 11.3.25. Ashok Leyland Limited 11.3.26. Scania 11.3.27. Volvo 11.3.28. Kinetic Green Energy & Power Solutions 11.3.29. Ather Energ 11.3.30. Ampere Vehicles Private Ltd. 11.3.31. YoBykes 11.3.32. Okinawa Autotech Pvt. Ltd. 11.3.33. OK PLAY 12. Primary Key Insights

About This Report

Report ID 1743
Category Automotive and Transportation
Published Date Aug2019
Updated Date oct 2020
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