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Global Electric Car Market 2019-2023

Global Electric Car Market 2019-2023

About this market

Increase in number of new electric car launches across the globe to emerge as one of the major trends in the market. The market has been unveiling all electric car models in recent years. These new models offered improved performance, battery range, and enhanced comfort and convenience while travelling. Technavio’s analysts have predicted that the electric car market will register a CAGR of close to 39% by 2023.

Market Overview

Growing demand and sales of BEVs in global market

In the Americas, the US contributed to significant sales of electric car during the base year. Therefore, the growing demand and sales of BEVs in these countries and regions is driving growth of global electric car market.

BEV range issues

The limited performance and range capacity associated with a BEV act as market growth inhibitors.

For the detailed list of factors that will drive and challenge the growth of the electric car market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Tesla and Volkswagen the competitive environment is quite intense. Factors such as the rising demand and sales of BEVs in global market and increase in number of new electric car launches across the globe, will provide considerable growth opportunities to electric car manufactures. BAIC Motor, BMW, BYD Company, CHERY, General Motors, Nissan, Tesla, and Volkswagen are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Electric Car Market 2019-2023

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increase in number of new electric car launches across the globe.”

According to the report, one of the major drivers for this market is the rising demand and sales of BEVs in global market.

Further, the report states that one of the major factors hindering the growth of this market is BEV range issues.

Companies Mentioned

BAIC Motor
BMW
BYD Company
CHERY
General Motors
Nissan
Tesla
Volkswagen

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global automotive market
      • Table Segments of global automotive market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (million units)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (million units)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 (million units)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 (million units)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Market segmentation by body type
    • Table Body type - Market share 2018-2023 (%)
    • Comparison by body type
      • Table Comparison by body type
    • Hatchbacks - Market size and forecast 2018-2023
      • Table Hatchbacks - Market size and forecast 2018-2023 (million units)
      • Table Hatchbacks - Year-over-year growth 2019-2023 (%)
    • Sedans - Market size and forecast 2018-2023
      • Table Sedans - Market size and forecast 2018-2023 (million units)
      • Table Sedans - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 (million units)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by body type
      • Table Market opportunity by body type
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increase in number of new electric car launches across globe
    • All-electric cars serving as platform for fully autonomous vehicles
    • Emergence of wireless charging systems for EVs
    • Growing production of in-house electric motors by OEMs
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BAIC Motor
      • Table BAIC Motor - Vendor overview
      • Table BAIC Motor - Business segments
      • Table BAIC Motor - Organizational developments
      • Table BAIC Motor - Segment focus
      • Table BAIC Motor - Key offerings
    • BMW
      • Table BMW - Vendor overview
      • Table BMW - Business segments
      • Table BMW - Organizational developments
      • Table BMW - Geographic focus
      • Table BMW - Segment focus
      • Table BMW - Key offerings
    • BYD Company
      • Table BYD Company - Vendor overview
      • Table BYD Company - Business segments
      • Table BYD Company - Organizational developments
      • Table BYD Company - Geographic focus
      • Table BYD Company - Segment focus
      • Table BYD Company - Key offerings
    • CHERY
      • Table CHERY - Vendor overview
      • Table CHERY - Organizational developments
      • Table CHERY - Key offerings
    • General Motors
      • Table General Motors - Vendor overview
      • Table General Motors - Business segments
      • Table General Motors - Organizational developments
      • Table General Motors - Geographic focus
      • Table General Motors - Segment focus
      • Table General Motors - Key offerings
    • Nissan
      • Table Nissan - Vendor overview
      • Table Nissan - Business segments
      • Table Nissan - Organizational developments
      • Table Nissan - Geographic focus
      • Table Nissan - Key offerings
    • Tesla
      • Table Tesla - Vendor overview
      • Table Tesla - Business segments
      • Table Tesla - Organizational developments
      • Table Tesla - Geographic focus
      • Table Tesla - Segment focus
      • Table Tesla - Key offerings
    • Volkswagen
      • Table Volkswagen - Vendor overview
      • Table Volkswagen - Business segments
      • Table Volkswagen - Organizational developments
      • Table Volkswagen - Geographic focus
      • Table Volkswagen - Segment focus
      • Table Volkswagen - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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