Electric Mobility Market by Product (Electric Car, Electric Motorcycle, Electric Scooter, Electric Bike, Others), by Voltage (Less than 24V, 24V, 36V, 48V, Greater than 48V), by Battery (Sealed Lead Acid, NiMH, Li-ion), by By Product (Electric Car, Electric Motorcycle, Electric Scooter, Electric Bike, Others), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Electric Mobility Market size was valued at USD 230.12 USD Billion in 2023 and is projected to reach USD 292.78 USD Billion by 2032, exhibiting a CAGR of 3.5 % during the forecast period. Electrification of transportation, also referred to as ‘e-mobility’ is the use of electric powertrains in the movement of vehicles. This involves EVs that comprise electric cars, buses, bikes, scooters, and trains as well. E-mobility can be defined based on several types, including Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and hybrid electric vehicles (HEVs). Other attributes you will derive from it are the ability to emit no tailpipe emissions; it does not make much noise when in operation and it is energy efficient. It is used for personal use, public use, and in the commercial field for company-owned vehicle fleets. Innovations in electric transportation are influencing mobility with electric buses and car-sharing programs. Some benefits associated with the use of renewable energy sources are; Greenhouse gas emission cuts, dependency on fossil energy resources reduction and operation cost cutting.
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This report provides an insightful analysis of industry trends, growth potential, and the competitive landscape of the electric mobility market, covering crucial aspects such as:
Asia-Pacific remains the dominant region in the electric mobility market, with significant growth potential. Europe and North America follow as key regional markets.
Electric mobility companies employ various pricing strategies, including:
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.5% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.5% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
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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
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