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Asia Pacific Electric Vehicles Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

Asia Pacific Electric Vehicles Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

Overview:

Over the past few years, the usage of electric vehicles has become a new trend in the APAC transportation industry. The higher adoption rates of smart mobility services, government regulations, increasing fuel prices, and growing trend toward adopting non-fossil fuel-based vehicles are supporting the growth of electric vehicles. Further, the integrated mobility and ride-sharing services are improving the acceptance of electric vehicles in this region.

Market Revenue and Segmentation Analysis:

The Asia Pacific electric vehicles market revenue is estimated to be $30.11 billion in 2017 and is expected to reach $144.62 billion by 2023, growing at a CAGR of 29.9% during the forecast period 2017–2023.

The propulsion types include battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and others. BEVs are highly demanded across the region owing to the cost-effectiveness of the vehicles, and the segment is expected to grow at a higher CAGR during the forecast period. PHEVs are slowly being adopted by Asian countries due to the huge initial investments as the vehicle supports both plug-in electric energy and fuel-based electrical energy input.

The vehicle types include two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and buses. The two-wheelers and three-wheelers markets in Asia are the largest in the world and it is growing owing to the growing personal vehicles ownership. The four-wheelers electric vehicles market is the largest in China followed by Japan, South Korea, and others. The adoption rate of commercial EVs is relatively less in APAC when compared to Europe and the Americas due to high vehicle costs and the lack of public charging facilities. The four-wheelers market is expected to account for over 48% of the total value of electric vehicles sold in APAC in 2017, and it is anticipated to grow at a higher CAGR during the forecast period 2017–2023.

The component types include EV battery, charging equipment, motor controllers, electric engine, and others. The EV battery market is largely dominated by Chinese players, and it is expected that the Chinese battery manufacturers account for over 80% of the EV batteries sold in Asia Pacific across all vehicle types. The motor controller and charging equipment are witnessing a huge potential for the electric vehicles sales in APAC. The charging equipment is segmented into AC and DC charging equipment. The AC equipment is largely dominated by the personal vehicle consumers, and DC fast charging equipment is expected to be used across the commercial vehicle and personal car users.

Regions Analysis:

The countries covered in the report are China, Japan, South Korea, India, Australia, New Zealand, and others. China is expected to grow at a higher CAGR during the forecast period 2017–2023. India and South Korea are expected to grow at a higher rate post-2021 due to the regulatory push and incentives from regional governments.

Benefits and Vendors

The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Next-generation electric vehicles are expected to change the shape of Asia Pacific automobile industries by 2025 with a wide range of product offerings. Toyota Motor Corporation, Siemens AG, Ford Motor Company, Robert Bosch GmbH, Cisco Systems, Inc., GLM Corporation, BYTON, Emflux Motors, NIO (NextEV), and Tork Motors are few of the companies profiled in the report.

The study offers a comprehensive analysis of the “Asia Pacific electric vehicles” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for companies to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.


1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 PEST Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
4 Market Outlook
4.1 Overview
4.2 Market Trends
4.3 Market Segmentation
4.4 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Evolution
5.2 Ecosystem
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing demand for eco-friendly transit
5.3.1.2 Improving the EV chargers market ecosystem
5.3.1.3 Improving focus towards renewable energy
5.3.2 Opportunities
5.3.2.1 Growing demand for renewable energy
5.3.2.2 Increasing demand for smart grid
5.3.3 Restraints
5.3.3.1 Technological challenges
5.3.3.2 Reduction in the employability
5.4 DRO – Impact Analysis
6 Propulsion type: Market Size and Analysis
6.1 Overview
6.2 Battery electric vehicle
6.3 Plug-in hybrid electric vehicle
6.4 Others
7 Vehicle Types: Market Size and Analysis
7.1 Overview
7.2 Two-wheelers
7.3 Three-wheelers
7.4 Four-wheelers
7.5 Commercial vehicles and public transport
8 Component Type: Market Size and Analysis
8.1 Overview
8.2 EV Battery
8.3 Charging equipment
8.3.1 AC Charging
8.3.2 DC fast Charging
8.4 Motor Controller
8.5 Electric Engine
9 APAC: Market Size and Analysis
9.1 Overview
9.2 China
9.3 Japan
9.4 South Korea
9.5 India
9.6 Australia
9.7 New Zealand
10 Vendor Profiles
10.1 Toyota Motor Corporation
10.1.1 Overview
10.1.2 Business Unit
10.1.3 Geographic Revenue
10.1.4 Business Focus
10.1.5 SWOT Analysis
10.1.6 Business Strategy
10.2 Siemens AG
10.2.1 Overview
10.2.2 Business Units
10.2.3 Geographic Revenue
10.2.4 Business Focus
10.2.5 SWOT Analysis
10.2.6 Business Strategies
10.3 Ford Motor Company
10.3.1 Overview
10.3.2 Business Units
10.3.3 Geographic Revenue
10.3.4 Business Focus
10.3.5 SWOT Analysis
10.3.6 Business Strategy
10.4 Robert Bosch GmbH
10.4.1 Overview
10.4.2 Business Units
10.4.3 Geographic Revenue
10.4.4 Business Focus
10.4.5 SWOT Analysis
10.4.6 Business Strategy
10.5 Cisco Systems, Inc.
10.5.1 Overview
10.5.2 Business units
10.5.3 Geographic revenue
10.5.4 Business focus
10.5.5 SWOT analysis
10.5.6 Business strategies
11 Companies to Watch For
11.1 GLM Co., Ltd. (GLM Corporation)
11.1.1 Overview
11.1.2 Offerings:
11.2 BYTON
11.2.1 Overview
11.2.2 Offerings:
11.3 Emflux Motors
11.3.1 Overview
11.3.2 Offerings:
11.4 NIO (NextEV)
11.4.1 Overview
11.4.2 Offerings:
11.5 Torkmotors
11.5.1 Overview
11.5.2 Offerings:
12 Competitive Landscape
12.1 Competitor Comparison Analysis
Annexure
 Abbreviations
Tables
TABLE 1 ASIA PACIFIC FOUR-WHEELER BEV AND PHEV SALES BY LEADING COUNTRIES, 2015–2016 (THOUSANDS)
TABLE 2 ASIA PACIFIC ELECTRIC VEHICLE MARKET REVENUE BY PROPULSION TYPE, 2017–2023 ($BILLION)
TABLE 3 ASIA PACIFIC ELECTRIC VEHICLES MARKET GROWTH BY PROPULSION TYPE, 2017–2023, (Y-O-Y, %)
TABLE 4 ASIA PACIFIC ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($BILLION)
TABLE 5 ASIA PACIFIC ELECTRIC VEHICLES MARKET GROWTH BY PRODUCT TYPE, 2017–2023, (Y-O-Y, %)
TABLE 6 ASIA PACIFIC ELECTRIC VEHICEL MARKET REVENUE BY COMPONENET TYPE, 2017–2023 ($BILLION)
TABLE 7 ASIA PACIFIC ELECTRIC VEHICLES MARKET GROWTH BY COMPONENET TYPE, 2017–2023, (Y-O-Y, %)
TABLE 8 ASIA PACIFIC ELECTRIC VEHICEL MARKET REVENUE BY CHARGING EQUIPMENT TYPE, 2017–2023 ($BILLION)
TABLE 9 ASIA PACIFIC ELECTRIC VEHICLES MARKET REVENUE BY COUNTRY, 2017–2023 ($BILLION)
TABLE 10 ASIA PACIFIC ELECTRIC VEHICLES MARKET GROWTH BY REGIONS, 2017–2023 (Y-O-Y, %)
TABLE 11 CHINA ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($BILLION)
TABLE 12 JAPAN ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($BILLION)
TABLE 13 SOUTH KOREA ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($BILLION)
TABLE 14 INDIA ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($MILLION)
TABLE 15 AUSTRALIA ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($MILLION)
TABLE 16 NEW ZEALAND ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($MILLION)
Charts
CHART 1 PEST ANALYSIS OF ASIA PACIFIC ELECTRIC VEHICLES MARKET
CHART 2 RESEARCH METHODOLOGY OF ASIA PACIFIC ELECTRIC VEHICLES MARKET
CHART 3 ASIA PACIFIC AUTOMOBILE INDUSTRY REVENUE, 2017-2023 ($BILLION)
CHART 4 ASIA PACIFIC ELECTRIC VEHICLE MARKET REVENUE, 2017-2023 ($BILLION)
CHART 5 ASIA PACIFIC ELECTRIC VEHICLES MARKET SEGMENTATION
CHART 6 PORTERS 5 FORCES ON ASIA PACIFIC ELECTRIC VEHICLES MARKET
CHART 7 EVOLUTION OF ASIA PACIFIC ELECTRIC VEHICLES MARKET
CHART 8 ECOSYSTEM OF ASIA PACIFIC ELECTRIC VEHICLES MARKET
CHART 9 MARKET DYNAMICS – DRIVERS, RESTRAINTS, AND OPPORTUNITIES
CHART 10 DRO - IMPACT ANALYSIS OF ASIA PACIFIC ELECTRIC VEHICLES MARKET
CHART 11 BEV MARKET REVENUE, 2017–2023 ($BILLION)
CHART 12 PHEV MARKET REVENUE, 2017–2023 ($BILLION)
CHART 13 OTHERS MARKET REVENUE, 2017–2023 ($BILLION)
CHART 14 TWO-WHEELER MARKET REVENUE, 2017–2023 ($BILLION)
CHART 15 THREE-WHEELER MARKET REVENUE, 2017–2023 ($BILLION)
CHART 16 FOUR-WHEELER MARKET REVENUE, 2017–2023 ($BILLION)
CHART 17 COMMERCIAL VEHICLES AND PUBLIC TRANSPORT MARKET REVENUE, 2017–2023 ($BILLION)
CHART 18 EV BATTERIES MARKET REVENUE, 2017–2023 ($BILLION)
CHART 19 CHARGING EQUIPMENT MARKET REVENUE, 2017–2023 ($BILLION)
CHART 20 MOTOR CONTROLLER MARKET REVENUE, 2017–2023 ($BILLION)
CHART 21 ELECTRIC ENGINE MARKET REVENUE, 2017–2023 ($BILLION)
CHART 22 CHINA EV SALES BY FOUR-WHEELER MODEL, 2016-2017
CHART 23 CHINA MARKET REVENUE, 2017–2023 ($BILLION)
CHART 24 JAPAN EV SALES BY FOUR-WHEELER MODEL, 2016-2017
CHART 25 JAPAN MARKET REVENUE, 2017–2023 ($BILLION)
CHART 26 SOUTH KOREA EV SALES BY FOUR-WHEELER MODEL, 2016-2017
CHART 27 SOUTH KOREA MARKET REVENUE, 2017–2023 ($BILLION)
CHART 28 INDIA EV SALES BY MODEL, 2016-2017
CHART 29 INDIA MARKET REVENUE, 2017–2023 ($MILLION)
CHART 30 AUSTRALIA EV SALES BY FOUR-WHEELER MODEL, 2016-2017
CHART 31 AUSTRALIA MARKET REVENUE, 2017–2023 ($MILLION)
CHART 32 NEW ZEALAND POPULAR FOUR-WHEELER MODELS, 2016-2017
CHART 33 NEW ZEALAND MARKET REVENUE, 2017–2023 ($BILLION)
CHART 34 TOYOTA: OVERVIEW SNAPSHOT
CHART 35 TOYOTA: BUSINESS UNITS
CHART 36 TOYOTA: GEOGRAPHIC REVENUE
CHART 37 TOYOTA: SWOT ANALYSIS
CHART 38 SIEMENS COMPANY PROFILE: MARKET OUTLOOK
CHART 39 SIEMENS: BUSINESS UNITS
CHART 40 SIEMENS: GEOGRAPHIC REVENUE
CHART 41 SIEMENS: SWOT ANALYSIS
CHART 42 FORD: OVERVIEW SNAPSHOT
CHART 43 FORD: BUSINESS UNITS
CHART 44 FORD: GEOGRAPHIC REVENUE
CHART 45 FORD: SWOT ANALYSIS
CHART 46 BOSCH: OVERVIEW SNAPSHOT
CHART 47 BOSCH: BUSINESS UNITS
CHART 48 BOSCH: GEOGRAPHIC REVENUE
CHART 49 BOSCH: SWOT ANALYSIS
CHART 50 CISCO: OVERVIEW SNAPSHOT
CHART 51 CISCO: BUSINESS UNITS
CHART 52 CISCO: GEOGRAPHIC REVENUE
CHART 53 CISCO: SWOT ANALYSIS
CHART 54 ASIA PACIFIC ELECTRIC VEHICLES MARKET: COMPETITIVE LANDSCAPE

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