Global Transportation Electrification Market is expected to reach US$ 70.11 Bn. by 2029, at a CAGR of 8.3% during the forecast period.Transportation Electrification Market Overview
Electrification is the marginal adoption of electric vehicles, electrified ships & boats, electric aeroplanes, and electrified railway transportation of the transportation industry. This electrification is incorporated in vehicles to reduce the load over fossil and non-conventional fuels.To know about the Research Methodology :- Request Free Sample Report The factors like declining EV prices, increased EV driving range, and consumer inclination towards EVs are driving the growth of the Transportation Electrification Market globally. The automakers are working to provide a set to increase drive ranges from an average of 114 miles to 275 miles by 2029 with high capacity vehicles. This is expected to fuel the Transportation Electrification Market during the forecast period. The report covers the detailed analysis of the global transportation electrification industry with the classifications of the market on the basis of electrification type, transportation mode, application and region. Analysis of past market dynamics from 2018 to 2022 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it. The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size.
Transportation Electrification Market Dynamics
Government bodies are implementing norms and regulations due to growing environmental concerns, which have raised the adoption of transportation electrification by auto manufacturers across the globe. Where full hybrid vehicles reduce fuel consumption by 30–35% according to the International Council on Clean Transportation is creating demand for full hybrid vehicles globally. The global agreement in Paris was signed by 195 countries to control global temperature rise due to, which many manufacturers across the globe started investing in electric mobility vehicles. This in turn is propelling the global market. Also, the company like ford has announced all-electric Mustang sports cars to operate by electrification, similarly electric buses by pro terra, electric pickup trucks by Rivian and long-haul semi-trucks by Tesla, which are entering in the service by 2029. This in return is expected to drive the growth of the market during the forecast period. The high-cost performance battery & electric motors with the unavailability of infrastructure are the factors expected to hamper the growth of the Transportation Electrification Market during the forecast period as electric vehicles requires an electrified infrastructure for their proper functioning.Segmentation Analysis:
By Electrification Type, the market is segmented into completely electrified motilities and hybrid motilities. Among these two segments, completely electrified motilities hold the largest market share of xx% in the global market as they are non-polluting and cost-saving mode of transportation. Thus in order to reduce pollution and save the environment, government bodies are incorporating completely electrified motilities for transportation. By Transportation Mode, the market is segmented into Railway transportation, vehicle transportation, ships & boats transportation and aeroplanes transportation. Among these segment, Railway transportation has a great adoption to electrification as regions like Europe, Asia Pacific, and North America are a higher number of electrified trains. Similarly, Electric vehicles are experiencing significant growth across the road transportation industry due to the rising demand for electrification. By Application, the Transportation Electrification Market is segmented into passenger transportation and commercial transportation. Where passenger transportation segment held the largest market share of xx% in 2022 and is expected to hold xx% market share during the forecast period. Transportation modes such as electrification trains, ships, and vehicles are used by passengers for transportation, which is fuelling the passenger vehicles segment during the forecast period. Similarly, manufactures are mainly investing in new technologies of vehicles, which has led to the growth of the automotive sector and thereby the transportation electrification market. Increase in demand for advanced features, rise in the standard of living, increasing purchasing power capacity, rise in per capita income of individuals, increasing industrialization, changing way of life and high disposable income are some of the factors for the growth of the transportation electrification market globally. The growing interest of consumers towards safety, premium, luxury and comfortable vehicles is expected to drive the growth transportation electrification market during the forecast period. Europe is the key market for train electrification and also witnessing a demand for electric vehicles. The consumer preference for electric vehicles, as well as government regulations and low cost electric vehicle, are the factors boosting the demand for the transportation electrification market in the region. The United States is witnessing a slow but steady shift from gasoline and diesel fuel to electric vehicles (EVs), which is expected to hold 11 per cent of all passenger vehicle sales and US $567 billion market size by 2026. Also charging stations growing up in public and commercial parking lots are expected to grow the market in the region. Similarly, developing countries like India and China are expected to witness significant growth in the transportation electrification market during the forecast period.Transportation Electrification Market Scope: Inquire before buying
Transportation Electrification Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 40.12 Bn. Forecast Period 2023 to 2029 CAGR: 8.3% Market Size in 2029: US $ 70.11 Bn. Segments Covered: by Electrification Type Electrified motilities Hybrid motilities by Transportation Mode Railway transportation Vehicle transportation Ships & boats transportation Airplanes transportation by Application Passenger transportation Commercial transportation Transportation Electrification Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Transportation Electrification Market, Key Players are:
1. Thales Group 2. Bombardier 3. Siemens AG 4. Continental AG 5. Tesla 6. General Electric 7. Continental AG 8. Robert Bosch GmbH 9. General Motors 10. BMW AG 11. ZF Friedrichshafen AG 12. Valeo 13. Bosch (Germany) 14. Denso (Japan) 15. BorgWarner (US) Frequently Asked Questions: 1. Which region has the largest share in Global Transportation Electrification Market? Ans: Europe region held the highest share in 2022. 2. What is the growth rate of Global Transportation Electrification Market? Ans: The Global market is growing at a CAGR of 8.3% during forecasting period 2023-2029. 3. What is scope of the Global Transportation Electrification Market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Transportation Electrification Market? Ans: The important key players in the Global market are – Thales Group, Bombardier, Siemens AG, Continental AG, Tesla, General Electric, Continental AG, Robert Bosch GmbH, General Motors, BMW AG, ZF Friedrichshafen AG, Valeo, Bosch (Germany), Denso (Japan), and BorgWarner (US) 5. What is the study period of this Market? Ans: The Global market is studied from 2022 to 2029.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Transportation Electrification Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Transportation Electrification Market 3.4. Geographical Snapshot of the Transportation Electrification Market, By Manufacturer share 4. Global Transportation Electrification Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Transportation Electrification Market 5. Supply Side and Demand Side Indicators 6. Global Transportation Electrification Market Analysis and Forecast, 2022-2029 6.1. Global Transportation Electrification Market Size & Y-o-Y Growth Analysis. 7. Global Transportation Electrification Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 7.1.1. Electrified motilities 7.1.2. Hybrid motilities 7.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 7.2.1. Railway transportation 7.2.2. Vehicle transportation 7.2.3. Ships & boats transportation 7.2.4. Airplanes transportation 7.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.3.1. Passenger transportation 7.3.2. Commercial transportation 8. Global Transportation Electrification Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Transportation Electrification Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 9.1.1. Electrified motilities 9.1.2. Hybrid motilities 9.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 9.2.1. Railway transportation 9.2.2. Vehicle transportation 9.2.3. Ships & boats transportation 9.2.4. Airplanes transportation 9.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.3.1. Passenger transportation 9.3.2. Commercial transportation 10. North America Transportation Electrification Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Transportation Electrification Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Transportation Electrification Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Transportation Electrification Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Transportation Electrification Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Transportation Electrification Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Transportation Electrification Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Transportation Electrification Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Transportation Electrification Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Transportation Electrification Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Transportation Electrification Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Transportation Electrification Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Transportation Electrification Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Transportation Electrification Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Transportation Electrification Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Transportation Electrification Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Transportation Electrification Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Transportation Electrification Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Transportation Electrification Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Transportation Electrification Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Transportation Electrification Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Transportation Electrification Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Transportation Electrification Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Transportation Electrification Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Transportation Electrification Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Transportation Electrification Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Transportation Electrification Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Transportation Electrification Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Transportation Electrification Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Transportation Electrification Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Transportation Electrification Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Transportation Electrification Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Transportation Electrification Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Transportation Electrification Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Transportation Electrification Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Electrification Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Transportation Mode, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Transportation Electrification Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Tesla 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Thales Group 45.5. Bombardier 45.6. Siemens AG 45.7. Continental AG 45.8. Tesla 45.9. General Electric 45.10. Continental AG 45.11. Robert Bosch GmbH 45.12. General Motors 45.13. BMW AG 45.14. ZF Friedrichshafen AG 45.15. Valeo 45.16. Bosch (Germany) 45.17. Denso (Japan) 45.18. BorgWarner (US) 46. Primary Key Insights