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report thumbnailChina Electric Vehicle Market

China Electric Vehicle Market Is Set To Reach USD Billion  By 2032, Growing At A CAGR Of 18.4

China Electric Vehicle Market by Vehicle Type (Passenger Car, Commercial Vehicle), by Propulsion Type (Battery Electric Vehicle (BEV), by Drive Type (All Wheel Drive, Front Wheel Drive, Rear Wheel Drive), by Range (Up to 150 Miles, 151-300 Miles, Above 300 Miles), by Component (Battery Pack & High Voltage Component, Motor, Brake, Wheel & Suspension, Body & Chassis, Low Voltage Electric Component), by Forecast 2024-2032

Oct 1 2024
Base Year: 2023
150 Pages
Market Research Future Logo

China Electric Vehicle Market Is Set To Reach USD Billion  By 2032, Growing At A CAGR Of 18.4

Key Insights

The China Electric Vehicle Marketsize was valued at USD XX USD Billion in 2023 and is projected to reach USD XXX USD Billion by 2032, exhibiting a CAGR of 18.4 % during the forecast period. An EV is defined as a vehicle that can be powered by an electric motor that draws electricity from a battery and is capable of being charged from an external source. There are three main types of EVs. Hybrid EVs (HEVs) and plug-in hybrid EVs are both powered by gasoline and electricity. EVs are an environmentally friendly alternative to petrol or diesel cars as they generate much less air pollution, releasing no exhaust air pollutants. From wheel to wheel, EVS emit approximately 66% less carbon dioxide (CO2) compared with ICE-powered vehicles. The emissions associated with the electric drivetrain of EVs come from power plants generating electricity to charge the batteries; emissions can therefore be further reduced if renewable energy is used to recharge an EV. Noise pollution is also cut out due to the fact that an EV is nearly silent. The Chinese government has implemented various policies and incentives to promote the adoption of electric vehicles as part of its efforts to reduce air pollution, greenhouse gas emissions, and dependence on fossil fuels. 

China Electric Vehicle Trends

  • Increasing adoption of electric vehicles due to environmental concerns
  • Government incentives and policies supporting the growth of the electric vehicle market
  • Technological advancements in battery technology, driving range, and charging infrastructure
  • Growing consumer awareness and preference for electric vehicles

Driving Forces: What's Propelling the China Electric Vehicle Market

  • Government policies and incentives
  • Technological advancements
  • Rising environmental concerns
  • Increasing consumer demand

Challenges and Restraints in China Electric Vehicle Market

  • High initial cost of electric vehicles
  • Limited charging infrastructure
  • Concerns over battery safety and durability
  • Long charging time

Emerging Trends in China Electric Vehicle

  • Development of new battery technologies
  • Expansion of charging infrastructure
  • Introduction of advanced driver assistance systems (ADAS)
  • Integration of artificial intelligence (AI) and IoT in electric vehicles

Growth Catalysts in China Electric Vehicle Industry

  • Government support and incentives
  • Technological advancements
  • Rising environmental awareness
  • Increasing consumer demand

Market Segmentation: China Electric Vehicle Analysis

Vehicle Type:

  • Passenger Car
  • Commercial Vehicle

Propulsion Type:

  • Battery Electric Vehicle (BEV)

Drive Type:

  • All Wheel Drive
  • Front Wheel Drive
  • Rear Wheel Drive

Range:

  • Up to 150 Miles
  • 151-300 Miles
  • Above 300 Miles

Component:

  • Battery Pack & High Voltage Component
  • Motor
  • Brake
  • Wheel & Suspension
  • Body & Chassis
  • Low Voltage Electric Component

Leading Players in the China Electric Vehicle Market

  • BYD Global (China)
  • Tesla (U.S.)
  • GAC Group (China)
  • Hozon (China)
  • Li Auto (China)
  • Nio (China)
  • Xpeng Motors (China)
  • Leapmotor (China)
  • Aito (China)
  • Zeekr (China)

Significant developments in China Electric Vehicle Sector

  • Launch of new electric vehicle models by major manufacturers
  • Expansion of charging infrastructure by government and private companies
  • Technological advancements in battery technology, driving range, and charging speed

Comprehensive Coverage China Electric Vehicle Market Report

  • Market overview
  • Market drivers and restraints
  • Market segmentation
  • Competitive landscape
  • Key trends and developments

Regional Insight

  • Demand for electric vehicles in China is expected to be highest in major cities such as Beijing, Shanghai, and Shenzhen.
  • Regional governments are offering incentives and policies to promote the adoption of electric vehicles.

Pricing Strategies

  • Electric vehicles are priced competitively compared to internal combustion engine vehicles.
  • Government subsidies and incentives reduce the cost of electric vehicles for consumers.

DROCs

  • Key DROCs in the China electric vehicle market include BYD, Tesla, and Xpeng Motors.
  • These companies are investing heavily in research and development to gain a competitive advantage.

Segmentation

  • The China electric vehicle market is segmented by vehicle type, propulsion type, drive type, range, and component.

Swot Analysis

  • The SWOT analysis provides a comprehensive overview of the strengths, weaknesses, opportunities, and threats facing the China electric vehicle market.

China Electric Vehicle Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 18.4% from 2018-2032
Segmentation
    • By Vehicle Type
      • Passenger Car
      • Commercial Vehicle
    • By Propulsion Type
      • Battery Electric Vehicle (BEV
    • By Drive Type
      • All Wheel Drive
      • Front Wheel Drive
      • Rear Wheel Drive
    • By Range
      • Up to 150 Miles
      • 151-300 Miles
      • Above 300 Miles
    • By Component
      • Battery Pack & High Voltage Component
      • Motor
      • Brake
      • Wheel & Suspension
      • Body & Chassis
      • Low Voltage Electric Component
  • By Geography

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Increasing Demand for Forged Products in Power
        • 3.2.2 Agriculture
        • 3.2.3 Aerospace
        • 3.2.4 and Defense to Drive Industry Expansion
      • 3.3. Market Restrains
        • 3.3.1. High Manufacturing Costs and Low Battery Range May Hamper EV Market Growth
      • 3.4. Market Trends
        • 3.4.1. Rising Adoption of Automation in Manufacturing to Drive Market Growth
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. China Electric Vehicle Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 5.1.1. Passenger Car
      • 5.1.2. Commercial Vehicle
    • 5.2. Market Analysis, Insights and Forecast - by Propulsion Type
      • 5.2.1. Battery Electric Vehicle (BEV
    • 5.3. Market Analysis, Insights and Forecast - by Drive Type
      • 5.3.1. All Wheel Drive
      • 5.3.2. Front Wheel Drive
      • 5.3.3. Rear Wheel Drive
    • 5.4. Market Analysis, Insights and Forecast - by Range
      • 5.4.1. Up to 150 Miles
      • 5.4.2. 151-300 Miles
      • 5.4.3. Above 300 Miles
    • 5.5. Market Analysis, Insights and Forecast - by Component
      • 5.5.1. Battery Pack & High Voltage Component
      • 5.5.2. Motor
      • 5.5.3. Brake
      • 5.5.4. Wheel & Suspension
      • 5.5.5. Body & Chassis
      • 5.5.6. Low Voltage Electric Component
    • 5.6. Market Analysis, Insights and Forecast - by Region
      • 5.6.1.
  6. 6. China China Electric Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 6.1.1. Passenger Car and Commercial Vehicle
      • 6.2. Market Analysis, Insights and Forecast - By Propulsion Type
        • 6.2.1. Battery Electric Vehicle (BEV
      • 6.3. Market Analysis, Insights and Forecast - By Drive Type
        • 6.3.1 All Wheel Drive
        • 6.3.2 Front Wheel Drive
        • 6.3.3 and Rear Wheel Drive
      • 6.4. Market Analysis, Insights and Forecast - By Range
        • 6.4.1 Up to 150 Miles
        • 6.4.2 151-300 Miles
        • 6.4.3 and Above 300 Miles
      • 6.5. Market Analysis, Insights and Forecast - By Component
        • 6.5.1 Battery Pack & High Voltage Component
        • 6.5.2 Motor
        • 6.5.3 Brake
        • 6.5.4 Wheel & Suspension
        • 6.5.5 Body & Chassis
        • 6.5.6 and Low Voltage Electric Component
  7. 7. Japan China Electric Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 7.1.1. Passenger Car and Commercial Vehicle
      • 7.2. Market Analysis, Insights and Forecast - By Propulsion Type
        • 7.2.1. Battery Electric Vehicle (BEV
      • 7.3. Market Analysis, Insights and Forecast - By Drive Type
        • 7.3.1 All Wheel Drive
        • 7.3.2 Front Wheel Drive
        • 7.3.3 and Rear Wheel Drive
      • 7.4. Market Analysis, Insights and Forecast - By Range
        • 7.4.1 Up to 150 Miles
        • 7.4.2 151-300 Miles
        • 7.4.3 and Above 300 Miles
      • 7.5. Market Analysis, Insights and Forecast - By Component
        • 7.5.1 Battery Pack & High Voltage Component
        • 7.5.2 Motor
        • 7.5.3 Brake
        • 7.5.4 Wheel & Suspension
        • 7.5.5 Body & Chassis
        • 7.5.6 and Low Voltage Electric Component
  8. 8. India China Electric Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 8.1.1. Passenger Car and Commercial Vehicle
      • 8.2. Market Analysis, Insights and Forecast - By Propulsion Type
        • 8.2.1. Battery Electric Vehicle (BEV
      • 8.3. Market Analysis, Insights and Forecast - By Drive Type
        • 8.3.1 All Wheel Drive
        • 8.3.2 Front Wheel Drive
        • 8.3.3 and Rear Wheel Drive
      • 8.4. Market Analysis, Insights and Forecast - By Range
        • 8.4.1 Up to 150 Miles
        • 8.4.2 151-300 Miles
        • 8.4.3 and Above 300 Miles
      • 8.5. Market Analysis, Insights and Forecast - By Component
        • 8.5.1 Battery Pack & High Voltage Component
        • 8.5.2 Motor
        • 8.5.3 Brake
        • 8.5.4 Wheel & Suspension
        • 8.5.5 Body & Chassis
        • 8.5.6 and Low Voltage Electric Component
  9. 9. South Korea China Electric Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 9.1.1. Passenger Car and Commercial Vehicle
      • 9.2. Market Analysis, Insights and Forecast - By Propulsion Type
        • 9.2.1. Battery Electric Vehicle (BEV
      • 9.3. Market Analysis, Insights and Forecast - By Drive Type
        • 9.3.1 All Wheel Drive
        • 9.3.2 Front Wheel Drive
        • 9.3.3 and Rear Wheel Drive
      • 9.4. Market Analysis, Insights and Forecast - By Range
        • 9.4.1 Up to 150 Miles
        • 9.4.2 151-300 Miles
        • 9.4.3 and Above 300 Miles
      • 9.5. Market Analysis, Insights and Forecast - By Component
        • 9.5.1 Battery Pack & High Voltage Component
        • 9.5.2 Motor
        • 9.5.3 Brake
        • 9.5.4 Wheel & Suspension
        • 9.5.5 Body & Chassis
        • 9.5.6 and Low Voltage Electric Component
  10. 10. Taiwan China Electric Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 10.1.1. Passenger Car and Commercial Vehicle
      • 10.2. Market Analysis, Insights and Forecast - By Propulsion Type
        • 10.2.1. Battery Electric Vehicle (BEV
      • 10.3. Market Analysis, Insights and Forecast - By Drive Type
        • 10.3.1 All Wheel Drive
        • 10.3.2 Front Wheel Drive
        • 10.3.3 and Rear Wheel Drive
      • 10.4. Market Analysis, Insights and Forecast - By Range
        • 10.4.1 Up to 150 Miles
        • 10.4.2 151-300 Miles
        • 10.4.3 and Above 300 Miles
      • 10.5. Market Analysis, Insights and Forecast - By Component
        • 10.5.1 Battery Pack & High Voltage Component
        • 10.5.2 Motor
        • 10.5.3 Brake
        • 10.5.4 Wheel & Suspension
        • 10.5.5 Body & Chassis
        • 10.5.6 and Low Voltage Electric Component
  11. 11. Australia China Electric Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 11.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 11.1.1. Passenger Car and Commercial Vehicle
      • 11.2. Market Analysis, Insights and Forecast - By Propulsion Type
        • 11.2.1. Battery Electric Vehicle (BEV
      • 11.3. Market Analysis, Insights and Forecast - By Drive Type
        • 11.3.1 All Wheel Drive
        • 11.3.2 Front Wheel Drive
        • 11.3.3 and Rear Wheel Drive
      • 11.4. Market Analysis, Insights and Forecast - By Range
        • 11.4.1 Up to 150 Miles
        • 11.4.2 151-300 Miles
        • 11.4.3 and Above 300 Miles
      • 11.5. Market Analysis, Insights and Forecast - By Component
        • 11.5.1 Battery Pack & High Voltage Component
        • 11.5.2 Motor
        • 11.5.3 Brake
        • 11.5.4 Wheel & Suspension
        • 11.5.5 Body & Chassis
        • 11.5.6 and Low Voltage Electric Component
  12. 12. Rest of Asia-Pacific China Electric Vehicle Market Analysis, Insights and Forecast, 2018-2030
      • 12.1. Market Analysis, Insights and Forecast - By Vehicle Type
        • 12.1.1. Passenger Car and Commercial Vehicle
      • 12.2. Market Analysis, Insights and Forecast - By Propulsion Type
        • 12.2.1. Battery Electric Vehicle (BEV
      • 12.3. Market Analysis, Insights and Forecast - By Drive Type
        • 12.3.1 All Wheel Drive
        • 12.3.2 Front Wheel Drive
        • 12.3.3 and Rear Wheel Drive
      • 12.4. Market Analysis, Insights and Forecast - By Range
        • 12.4.1 Up to 150 Miles
        • 12.4.2 151-300 Miles
        • 12.4.3 and Above 300 Miles
      • 12.5. Market Analysis, Insights and Forecast - By Component
        • 12.5.1 Battery Pack & High Voltage Component
        • 12.5.2 Motor
        • 12.5.3 Brake
        • 12.5.4 Wheel & Suspension
        • 12.5.5 Body & Chassis
        • 12.5.6 and Low Voltage Electric Component
  13. 13. Competitive Analysis
    • 13.1. Market Share Analysis 2023
      • 13.2. Company Profiles
        • 13.2.1 BYD Global (China)
          • 13.2.1.1. Overview
          • 13.2.1.2. Products
          • 13.2.1.3. SWOT Analysis
          • 13.2.1.4. Recent Developments
          • 13.2.1.5. Financials (Based on Availability)
        • 13.2.2 Tesla (U.S.)
          • 13.2.2.1. Overview
          • 13.2.2.2. Products
          • 13.2.2.3. SWOT Analysis
          • 13.2.2.4. Recent Developments
          • 13.2.2.5. Financials (Based on Availability)
        • 13.2.3 GAC Group (China)
          • 13.2.3.1. Overview
          • 13.2.3.2. Products
          • 13.2.3.3. SWOT Analysis
          • 13.2.3.4. Recent Developments
          • 13.2.3.5. Financials (Based on Availability)
        • 13.2.4 Hozon (China)
          • 13.2.4.1. Overview
          • 13.2.4.2. Products
          • 13.2.4.3. SWOT Analysis
          • 13.2.4.4. Recent Developments
          • 13.2.4.5. Financials (Based on Availability)
        • 13.2.5 Li Auto (China)
          • 13.2.5.1. Overview
          • 13.2.5.2. Products
          • 13.2.5.3. SWOT Analysis
          • 13.2.5.4. Recent Developments
          • 13.2.5.5. Financials (Based on Availability)
        • 13.2.6 Nio (China)
          • 13.2.6.1. Overview
          • 13.2.6.2. Products
          • 13.2.6.3. SWOT Analysis
          • 13.2.6.4. Recent Developments
          • 13.2.6.5. Financials (Based on Availability)
        • 13.2.7 Xpeng Motors (China)
          • 13.2.7.1. Overview
          • 13.2.7.2. Products
          • 13.2.7.3. SWOT Analysis
          • 13.2.7.4. Recent Developments
          • 13.2.7.5. Financials (Based on Availability)
        • 13.2.8 Leapmotor (China)
          • 13.2.8.1. Overview
          • 13.2.8.2. Products
          • 13.2.8.3. SWOT Analysis
          • 13.2.8.4. Recent Developments
          • 13.2.8.5. Financials (Based on Availability)
        • 13.2.9 Aito (China)
          • 13.2.9.1. Overview
          • 13.2.9.2. Products
          • 13.2.9.3. SWOT Analysis
          • 13.2.9.4. Recent Developments
          • 13.2.9.5. Financials (Based on Availability)
        • 13.2.10 Zeekr (China)
          • 13.2.10.1. Overview
          • 13.2.10.2. Products
          • 13.2.10.3. SWOT Analysis
          • 13.2.10.4. Recent Developments
          • 13.2.10.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: China Electric Vehicle Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
  2. Figure 2: China Electric Vehicle Market Value Share (%), by Vehicle Type 2023 & 2031
  3. Figure 3: China Electric Vehicle Market Value Share (%), by Propulsion Type 2023 & 2031
  4. Figure 4: China Electric Vehicle Market Value Share (%), by Drive Type 2023 & 2031
  5. Figure 5: China Electric Vehicle Market Value Share (%), by Range 2023 & 2031
  6. Figure 6: China Electric Vehicle Market Value Share (%), by Component 2023 & 2031
  7. Figure 7: China Electric Vehicle Market Share (%) by Company 2023
List of Tables
  1. Table 1: China Electric Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  2. Table 2: China Electric Vehicle Market Volume Units Forecast, by Vehicle Type 2018 & 2031
  3. Table 3: China Electric Vehicle Market Revenue USD Billion Forecast, by Propulsion Type 2018 & 2031
  4. Table 4: China Electric Vehicle Market Volume Units Forecast, by Propulsion Type 2018 & 2031
  5. Table 5: China Electric Vehicle Market Revenue USD Billion Forecast, by Drive Type 2018 & 2031
  6. Table 6: China Electric Vehicle Market Volume Units Forecast, by Drive Type 2018 & 2031
  7. Table 7: China Electric Vehicle Market Revenue USD Billion Forecast, by Range 2018 & 2031
  8. Table 8: China Electric Vehicle Market Volume Units Forecast, by Range 2018 & 2031
  9. Table 9: China Electric Vehicle Market Revenue USD Billion Forecast, by Component 2018 & 2031
  10. Table 10: China Electric Vehicle Market Volume Units Forecast, by Component 2018 & 2031
  11. Table 11: China Electric Vehicle Market Revenue USD Billion Forecast, by Region 2018 & 2031
  12. Table 12: China Electric Vehicle Market Volume Units Forecast, by Region 2018 & 2031
  13. Table 13: China Electric Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  14. Table 14: China Electric Vehicle Market Volume Units Forecast, by Vehicle Type 2018 & 2031
  15. Table 15: China Electric Vehicle Market Revenue USD Billion Forecast, by Propulsion Type 2018 & 2031
  16. Table 16: China Electric Vehicle Market Volume Units Forecast, by Propulsion Type 2018 & 2031
  17. Table 17: China Electric Vehicle Market Revenue USD Billion Forecast, by Drive Type 2018 & 2031
  18. Table 18: China Electric Vehicle Market Volume Units Forecast, by Drive Type 2018 & 2031
  19. Table 19: China Electric Vehicle Market Revenue USD Billion Forecast, by Range 2018 & 2031
  20. Table 20: China Electric Vehicle Market Volume Units Forecast, by Range 2018 & 2031
  21. Table 21: China Electric Vehicle Market Revenue USD Billion Forecast, by Component 2018 & 2031
  22. Table 22: China Electric Vehicle Market Volume Units Forecast, by Component 2018 & 2031
  23. Table 23: China Electric Vehicle Market Revenue USD Billion Forecast, by Region 2018 & 2031
  24. Table 24: China Electric Vehicle Market Volume Units Forecast, by Region 2018 & 2031
  25. Table 25: China Electric Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  26. Table 26: China Electric Vehicle Market Volume Units Forecast, by Vehicle Type 2018 & 2031
  27. Table 27: China Electric Vehicle Market Revenue USD Billion Forecast, by Propulsion Type 2018 & 2031
  28. Table 28: China Electric Vehicle Market Volume Units Forecast, by Propulsion Type 2018 & 2031
  29. Table 29: China Electric Vehicle Market Revenue USD Billion Forecast, by Drive Type 2018 & 2031
  30. Table 30: China Electric Vehicle Market Volume Units Forecast, by Drive Type 2018 & 2031
  31. Table 31: China Electric Vehicle Market Revenue USD Billion Forecast, by Range 2018 & 2031
  32. Table 32: China Electric Vehicle Market Volume Units Forecast, by Range 2018 & 2031
  33. Table 33: China Electric Vehicle Market Revenue USD Billion Forecast, by Component 2018 & 2031
  34. Table 34: China Electric Vehicle Market Volume Units Forecast, by Component 2018 & 2031
  35. Table 35: China Electric Vehicle Market Revenue USD Billion Forecast, by Country 2018 & 2031
  36. Table 36: China Electric Vehicle Market Volume Units Forecast, by Country 2018 & 2031
  37. Table 37: China China Electric Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  38. Table 38: China China Electric Vehicle Market Volume (Units) Forecast, by Application 2018 & 2031
  39. Table 39: Japan China Electric Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  40. Table 40: Japan China Electric Vehicle Market Volume (Units) Forecast, by Application 2018 & 2031
  41. Table 41: India China Electric Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  42. Table 42: India China Electric Vehicle Market Volume (Units) Forecast, by Application 2018 & 2031
  43. Table 43: South Korea China Electric Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  44. Table 44: South Korea China Electric Vehicle Market Volume (Units) Forecast, by Application 2018 & 2031
  45. Table 45: Taiwan China Electric Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  46. Table 46: Taiwan China Electric Vehicle Market Volume (Units) Forecast, by Application 2018 & 2031
  47. Table 47: Australia China Electric Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  48. Table 48: Australia China Electric Vehicle Market Volume (Units) Forecast, by Application 2018 & 2031
  49. Table 49: Rest of Asia-Pacific China Electric Vehicle Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  50. Table 50: Rest of Asia-Pacific China Electric Vehicle Market Volume (Units) Forecast, by Application 2018 & 2031
  51. Table 51: China Electric Vehicle Market Revenue USD Billion Forecast, by Vehicle Type 2018 & 2031
  52. Table 52: China Electric Vehicle Market Volume Units Forecast, by Vehicle Type 2018 & 2031
  53. Table 53: China Electric Vehicle Market Revenue USD Billion Forecast, by Propulsion Type 2018 & 2031
  54. Table 54: China Electric Vehicle Market Volume Units Forecast, by Propulsion Type 2018 & 2031
  55. Table 55: China Electric Vehicle Market Revenue USD Billion Forecast, by Drive Type 2018 & 2031
  56. Table 56: China Electric Vehicle Market Volume Units Forecast, by Drive Type 2018 & 2031
  57. Table 57: China Electric Vehicle Market Revenue USD Billion Forecast, by Range 2018 & 2031
  58. Table 58: China Electric Vehicle Market Volume Units Forecast, by Range 2018 & 2031
  59. Table 59: China Electric Vehicle Market Revenue USD Billion Forecast, by Component 2018 & 2031
  60. Table 60: China Electric Vehicle Market Volume Units Forecast, by Component 2018 & 2031
  61. Table 61: China Electric Vehicle Market Revenue USD Billion Forecast, by Country 2018 & 2031
  62. Table 62: China Electric Vehicle Market Volume Units Forecast, by Country 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 18.4% from 2018-2032
Segmentation
    • By Vehicle Type
      • Passenger Car
      • Commercial Vehicle
    • By Propulsion Type
      • Battery Electric Vehicle (BEV
    • By Drive Type
      • All Wheel Drive
      • Front Wheel Drive
      • Rear Wheel Drive
    • By Range
      • Up to 150 Miles
      • 151-300 Miles
      • Above 300 Miles
    • By Component
      • Battery Pack & High Voltage Component
      • Motor
      • Brake
      • Wheel & Suspension
      • Body & Chassis
      • Low Voltage Electric Component
  • By Geography

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.

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