Electric Mobility Market - Forecast(2023 - 2028)

Report Code: ATR 1003 Report Format: PDF + Excel

Electric Mobility Market Overview:

The Electric Mobility Market is expected to grow at a CAGR of 22.3%, the market value projected to increase is from US $164.23 Billion in 2023 to US $1,229.47 Billion by 2030. Electric mobility is an innovative and sustainable approach to transportation. It eliminates the use of fossil fuels and reduces the carbon footprint, making it an ideal solution for eco-conscious individuals. The electric mobility market has seen significant growth in recent years, and it is expected to continue to grow in the future.

The demand for electric vehicles has been on the rise, driven by increasing environmental awareness and government initiatives. Electric vehicle manufacturers have expanded their operations to meet this demand, making electric vehicles more accessible to consumers. The increase in charging infrastructure has also contributed to the growth in the electric mobility market. Governments have introduced incentives and subsidies to encourage the adoption of electric vehicles, making them more affordable.

Electric mobility has emerged as a significant market with numerous growth opportunities. From increasing demand for electric vehicles to technological advancements, collaborations, and green initiatives, the future looks bright for the electric mobility market. However, challenges such as high production costs, battery disposal issues, and limited driving range need to be addressed.

Market Snapshot:

Electric Mobility Market - Report Coverage:

The “Electric Mobility Market Report - Forecast (2023-2030)” by Industry ARC, covers an in-depth analysis of the following segments in the Electric Mobility Market.

Attribute

Segment

 

 

 

By Product Type

  • Electric Skateboard

  • Electric Car

  • Electric Motorcycle

  • Electric Bicycle

  • Electric Wheelchair

  • Electric Scooter

 

By Battery Type

  • NiMH

  • Sealed Lead Acid

  • Li-ion

By Voltage Type

  • 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 and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

  • Rest of the World (Middle East and Africa).


Electric Mobility Market - Top Trends :


Rising Adoption of Electric Vehicles: The rising adoption of electric vehicles can be attributed to several reasons. Firstly, there has been growing awareness about environmental pollution, and people are looking for ways to reduce their carbon footprint. Electric vehicles produce fewer emissions compared to traditional vehicles powered by fossil fuels.

Advancements in Battery Technology: As the Electric Mobility market continues to thrive, advancements in battery technology have been a key contributor to its growth. The introduction of solid-state batteries has revolutionized the industry with its potential to improve range, charging times, and vehicle weight. Improved battery life now allows for longer trips without frequent recharging stops. And as battery costs continue to decline, the purchase price of electric vehicles (EVs) is becoming increasingly competitive with traditional gas-powered cars.

Increasing Adoption of Electric Vehicles (EVs): The adoption of electric vehicles is rapidly growing worldwide. This trend is driven by factors such as government incentives, stricter emissions regulations, advancements in battery technology, and a growing environmental consciousness among consumers.

Expansion of Charging Infrastructure: The development of robust charging infrastructure is crucial for the widespread adoption of electric mobility. Governments, utilities, and private companies are investing in the expansion of charging networks, including fast-charging stations, to address range anxiety and improve convenience for electric vehicle owners.

Technological Advancements: The electric mobility sector is witnessing continuous technological advancements. This includes improvements in battery technology, such as increased energy density and longer range, as well as advancements in electric motors, regenerative braking systems, and connectivity features in electric vehicles.

Growth of Shared Electric Mobility Services: Shared mobility services, such as electric ride-hailing, car-sharing, and scooter-sharing platforms, are experiencing significant growth. These services offer convenient, on-demand transportation options that are often more cost-effective and environmentally friendly compared to traditional modes of transportation.

 

Connected and Autonomous Electric Vehicles: The convergence of electric mobility with connected and autonomous vehicle technologies is an emerging trend. Electric vehicles are being equipped with advanced driver-assistance systems (ADAS), connectivity features, and autonomous driving capabilities, which can enhance safety, efficiency, and the overall user experience.

The Electric Mobility Market - Company Analysis :

 The company analysis in the Electric Mobility Market involves an in-depth study of the leading companies operating in the market. It includes a detailed analysis of the company's business overview, financial performance, product portfolio, market share, strategic initiatives, and SWOT analysis. The aim of the company analysis is to provide a comprehensive understanding of the competitive landscape of the Electric Mobility Market and help market players make informed decisions. It also provides insights into the market strategies of the key players and their impact on the overall market growth.

Electric vehicles have also found their place in the global market as a commodity, especially in the European market. In this company analysis, we will look into the various aspects of the Electric Mobility Market, including its major players and their market share. The global Electric Mobility Market is expected to grow significantly over the next few years, with a CAGR of 22.6%. The low cost of production and high demand for Electric vehicles are the primary factors driving the growth of the market.

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Electric Mobility Market adopt. The top 10 companies in Electric Mobility Market are listed below:

  1. Gogoro Inc.
  2. BMW Motorrad International
  3. Honda Motor Co. Ltd.
  4. Mahindra Group
  5. KTM AG
  6. Ninebot Ltd.
  7. Terra Motors Corporation
  8. Suzuki Motor Corporation
  9. Vmoto Limited
  10. Zero Motorcycles
  11. Yamaha Motor Company Limited
  12.  ALTA Motors
  13. NYCeWheels
  14. Lightning Motorcycles
  15. Accell Group
  16. Tesla
  17. Nissan Motor corporation
  18. General Motors Company
  19. BYD Company LTD.
  20. Volkswagen AG

Scope of the Report:

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

22.3%

Market Size in 2030

US $1,229.47 Billion

Segments Covered

Product Type, Battery Type, Voltage Type, End-use, Drive and Geography


Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).




Key Market Players

  1. Gogoro Inc.

  2. BMW Motorrad International

  3. Honda Motor Co. Ltd.

  4. Mahindra Group

  5.  KTM AG

  6. Ninebot Ltd.

  7. Terra Motors Corporation

  8. Suzuki Motor Corporation

  9. Vmoto Limited

  10. Zero Motorcycles


For more Automotive Market related reports, please click here
1.Electric Mobility Market Overview
    1.1 Definitions and Scope
2. Electric Mobility Market– Executive Summary
3. Electric Mobility Market– Market Landscape
    3.1 Company Benchmarking – Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis – Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Electric Mobility Market– Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Electric Mobility Market– Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Electric Mobility Market– Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter’s Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Electric Mobility Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Electric Mobility Market– By Product Type (Market Size - $Million/$Billion)
    8.1 Electric Bicycle
        8.1.1 Market Trends by Region 
        8.1.2 Market Share & Forecast by Region
    8.2 Electric Skateboard
        8.2.1 Market Trends by Region
        8.2.2 Market Share & Forecast by Region
    8.3 Electric Car
        8.3.1 Market Trends by Region
        8.3.2 Market Share & Forecast by Region
    8.4 Electric Motorcycle
        8.4.1 Market Trends by Region 
        8.4.2 Market Share & Forecast by Region
    8.5 Electric Wheelchair
        8.5.1 Market Trends by Region 
        8.5.2 Market Share & Forecast by Region
    8.6 Electric Scooter
        8.6.1 Market Trends by Region 
        8.6.2 Market Share & Forecast by Region
    8.7 Others
9. Electric Mobility Market–By Battery Type (Market Size - $Million/$Billion)
    9.1 NiMH
        9.1.1 Market Share & Forecast by Region
        9.1.2 Market Share & Forecast by Region
    9.2 Sealed Lead Acid
        9.2.1 Market Trends by Region
        9.2.2 Market Share & Forecast by Region
    9.3 Li-Ion
        9.3.1 Market Trends by Region
        9.3.2 Market Share & Forecast by Region
    9.4 Others
10. Electric Mobility Market– By Voltage Type (Market Size - $Million/$Billion)
    10.1 Less than 24V, 36V, 48V
        10.1.1 Market Trends by Region
        10.1.2 Market Share & Forecast by Region
    10.2 Greater than 48V
        10.2.1 Market Trends by Region
        10.2.2 Market Share & Forecast by Region
    10.3 Others
11. Electric Mobility Market– By End-use (Market Size - $Million/$Billion)
    11.1 Personal
        11.1.1 Market Trends by Region
        11.1.2 Market Share & Forecast by Region
    11.2 Commercial
        11.2.1 Market Trends by Region
        11.2.2 Market Share & Forecast by Region
12. Electric Mobility Market– By Drive(Market Size - $Million/$Billion)
    12.1 Belt Drive
        12.1.1 Market Trends by Region
        12.1.2 Market Share & Forecast by Region
    12.2 Chain drive
        12.2.1 Market Trends by Region
        12.2.2 Market Share & Forecast by Region
    12.3 Hub Drive
        12.3.1 Market Trends by Region
        12.3.2 Market Share & Forecast by Region
13. Electric Mobility Market– by Geography (Market Size - $Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 Germany
        13.2.2 France
        13.2.3 U.K.
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Russia
        13.2.7 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 South Korea
        13.3.4 India
        13.3.5 Australia & New Zealand
        13.3.6 Rest of Asia-Pacific
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Chile
        13.4.4 Colombia
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
        13.5.2 Africa
14. Electric Mobility Market– Market Entropy
    14.1 New product launches
    14.2 M&A’s, collaborations, JVs and partnerships
15. Electric Mobility Market– Industry Competition Landscape (Premium)
    15.1 Market Share Analysis
        15.1.1 Market Share by Technology – Key Companies
        15.1.2 Market Share by Country – Key Companies
        15.1.3 Market Share by Region – Key Companies
    15.2 Competition Matrix
    15.3 Best Practices for Companies
16. Electric Mobility Market– Key Company List by Country Premium (Premium)
17. Electric Mobility Market– Company Analysis
    17.1 Gogoro Inc.
    17.2 BMW Motorrad International
    17.3 Honda Motor Co. Ltd.
    17.4 Mahindra Group
    17.5 KTM AG
    17.6 Ninebot Ltd.
    17.7 Terra Motors Corporation
    17.8 Suzuki Motor Corporation
    17.9 Vmoto Limited
    17.10 Zero Motorcycles
    17.11 Yamaha Motor Company Limited
    17.12 ALTA Motors
    17.13 NYCeWheels
    17.14 Lightning Motorcycles
    17.15 Accell Group
    17.16 Tesla
    17.17 Nissan Motor corporation
    17.18 General Motors Company
    17.19 BYD Company LTD
    17.20 Volkswagen AG

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The Electric Mobility Market is forecast to grow at 22.3% during the forecast period 2023-2030.

The Global Electric Mobility Market size is estimated to be US $164.23 Billion in 2023 and is projected to reach US $1,229.47 Billion by 2030.

The leading players in the Electric Mobility Market are Gogoro Inc., BMW Motorrad International, Honda motor Co. LTD., Mahindra Group, KTM AG and other.