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Used EV Market

More and more Buyers Are Drifting towards Used EV Cars Nowadays. FMI Captures their Orientation in the Emerging Economies

Used EV Market by Propulsion Type, Vehicle Type, Vehicle Drive Type & Region | Forecast 2023 to 2033

Global Used EV Market Outlook

The Used Electric Vehicles Market worldwide is valued to be around US$ 17,890.5 million this year and is anticipated to register a CAGR of 8.4% over the forecast years. As per the global used EV market analysis report, the net worth of the market would be reaching US$ 40,078.9 million by 2033.

The market for alternative fuel cars has become more accessible due to the negative climatic effects of conventional gasoline automobiles and the rise in petrol prices. Customers are more likely to choose hybrid or battery-powered cars, which would be expected to drive the industry including used EVs.

The increasing viability and affordability of pre-owned electric vehicles have rendered the market visible and striking for the market analysts in recent years. Moreover, the release and popularity of high-end models of HEVs and PHEVs are anticipated to retain the value better than the BEVs. Also, the extra subsidies and discounts that purchasers may take advantage of to reach a win-win deal has pushed the market further.

The performance and depreciation of EV components, such as battery, motor, etc. also have contribution in the success of the global used EV market. One typical electric vehicle battery pack's lifespan is estimated by user reviews to be roughly around 320,000 kilometers. Some market players claim that a well maintained EV battery would survive for well over 160,000 kilometers before its capacity dries down. With this kind of durability, a used EV can end up being much more valuable than new ones if bought at a reasonable price.

Attributes

Details

Used EV Market Share (2022)

US$ 16,428.4 million

Used EV Market Size Value (2023)

US$ 17,890.5 million

Used EV Market Size Value (2033)

US$ 40,078.9 million

Used EV Market Growth Rate (2023 to 2033)

8.4%

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Global Used EV Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

In comparison to the global electric vehicles market, the used EVs market is at a very initial stage of establishment and development. As per the used EV market survey report of 2018, the total valuation of the market then was a mere US$ 13,362.3 million.

In the following years, the sales of all types of EVs skyrocketed and the sales of used EVs witnessed a growth rate of 5.3% until 2022. In spite of witnessing a major setback during the pandemic years, the global used EV market reached US$ 16,428.4 million by the year 2022.

In fact, the outbreak of Covid-19 has motivated many to adopt personal vehicles that are reflected in the increased sales of EVs and used EVs. Other than that, the rising fuel prices have also resulted in higher demand for battery-operated vehicles indirectly supporting the used EV market.

Major Driving Factors that have Set the Trend for Sales of Used Electric Vehicles around the world

There are also huge subsidies available for pre-owned electric vehicle purchases depending on the place of origin and resale. For instance, the used EV buyers in San Mateo County may be eligible for a $4,000 relaxation provided by the administration. Likewise, the California Clean Vehicle Rebate Project lists other refunds that may be available based on your area of residence.

Concerns over the quality and lifetime of a used EV might remain a major hindrance to the growth and expansion of the market. In emerging economies individuals tend to have a less common understanding of EVs than conventional vehicles. However, this scenario is changing as more people are getting interested in unconventional modes of transportation.

Nikhil Kaitwade
Nikhil Kaitwade
Principal Consultant
LinkedIn
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Category-wise Insights

Due to rising sales and demand for electric passenger cars around the world, the passenger car category held a market share of nearly 60% in 2022 and the preceding years.

Battery Operated Electric Vehicles Dominate both the New and Used EV Market Sector

Based on all regional market survey reports obtained by FMI, the battery operated electric vehicles now dominate the overall market. The net worth of all the pre-owned BEVs resold globally in the year 2022 was about US$ 7984.2 million. With a market share of nearly 48.6% in terms of sales of used electric vehicles, the BEV sector led the overall market.

However, the popularity of hybrid electric cars is growing rapidly in both new and used electric vehicle markets in all countries. HEV offers both the choice of fuel-based and electric driving, especially in areas with a lack of readily available charging infrastructure. So, over the coming years, this segment is expected to grow at a faster rate and overtake the BEV segment soon. Additionally, the PHEV market segment is expanding steadily, due to plug-in vehicles' falling pricing and the introduction of attractive models in the market.

Comparative View of Adjacent Used EV Market

Used EV Market:

Attributes

Used EV Market

CAGR (2023 to 2033)

8.4%

Market Value (2023)

US$ 17,890.5 million

Growth Factor

Adoption of used electric vehicles by the commercial fleet owners to manage their budget

Future Opportunities

Tight regulations are getting placed in many cities that only permit automobiles without emissions.

Market Trends

Used EV dealers are providing insurance and other services to win customers' trust

EV Tires Market:

Attributes

EV Tires Market

CAGR (2023 to 2033)

26.6%

Market Value (2023)

US$ 9,444.1million

Growth Factor

Battery-powered cars are becoming more and more popular to reduce noise and ecological harm

Future Opportunities

Improving performance and reliability of EV tires has started its use in ICE vehicles

Market Trends

Long-term engagement with prominent and approved EV manufacturers

Diagnostic Tools for EVs Market:

Attributes

Diagnostic Tools for EVs Market

CAGR (2023 to 2033)

12.8%

Market Value (2023)

US$ 1,628.1million

Growth Factor

Enhancing current EV users technical ability and skill to manage minor repairs

Future Opportunities

Leveraging existing technologies to more properly and exactly identify any issues in electric vehicles

Market Trends

Offering of guaranteed post-purchase support by market participants for diagnostic tools

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Country-wise Insights

The Demand for Used EVs in the United States to Grow at a Slower Pace

Due to ongoing advancements in EV batteries, the load capacity of electric commercial vehicles has increased significantly making it affordable for fleet owners. So the demand for used EVs in the United States is expected to witness positive growth in the coming days.

Presently, the United States captures 8.7% of the global used EV market share and generated a revenue of US$ 1,429.3 million in 2022. The DOE's ongoing efforts to construct fast-charging facilities to accommodate the increasing number of EVs in the country can be blamed for this increase.

Europe Used EV Car Market to be Driven by the United Kingdom

As per the experts, Europe is believed to take center stage in setting the global trend for all types of markets related to sustainable development. The European countries' initiatives to cut carbon emissions have been a key driver of the EV market's expansion across the whole of Europe. The United Kingdom, Germany, and France are some of the key nations that support the growing trend of sales of used EVs.

Based on the global used EV market survey figures, Germany is the leading market in Europe for sales of used EVs. The net value of all-electric vehicles resold only in Germany was US$ 2,217.8 million back in the year 2022. And this sum is nearly 13.5% of the revenue generated by the global market which makes it the leading market of all.

Meanwhile, the United Kingdom region has shown some exceptional growth rate in demand for used EVs in the last few years. Currently, it is experiencing a growth rate of 12.6% that is projected to propel the market for the next ten years also.

China and Japan to Become Leading Markets for Used EV Car Market

In terms of sales of used EVs and other vehicles, China makes up the greatest percentage in comparison to any other country in the Asia Pacific. Furthermore, China used EV market is anticipated to develop at a faster rate than the United States and compete with it.

As per the market survey report released by FMI, the demand for used EVs in China is projected to grow by 9.8% through 2033. Given the presence of many OEMs and electric auto companies in China, used EVs are getting adopted there at a rapid pace. Owing to the rising demand for electric passenger vehicles in Asia it is anticipated to have substantial development in the used EV market as well.

Japan is a major contender of China for demand and sales of used electric vehicles in the Asia Pacific region. As per the figures obtained from the market survey report, the total sales of used EVs in Japan was US$ 575 million in 2022.

Sales of Used EVs in India to be Promoted by Government

The predicted used EV market growth rate in India is less than expected due to a shortage of funding and charging points. Furthermore, it has been noted that the less developed nations are definitely far behind in terms of EVs which has limited the used EV market.

However, the country is observed to be registering a sturdy growth rate over these years and may register a CAGR of 9.8% through 2033. As states seek to set up a network of charging points the demand for pre-owned BEVs is poised to witness a positive trend.

Provisioning of After-sale Services to be the Major Strategy for Prominent Used EV Dealers

The overall used EV market is at an initial stage in many countries so is concentrated in some of the developed economies. It is also predicted that the used commercial EV market segment would give rise to many new market players in the upcoming years.

By July 2021, used or pre-owned electric vehicles (EVs) outsold both ICE and hybrid electric cars, as per the survey by the auto industry website Jalopnik. Among the three bestselling models were the Tesla Model 3, Chevy Bolt, and Tesla Model S. These models often sell in less than 2 weeks compared to the typical time of more than 3 weeks for other automobiles.

Recently released Tesla models could still be beyond many people's price range, yet there are still plenty of options on the market right now for around $15,000. The famous Nissan Leaf, Kia Soul EV, Ford Focus Electric, and Volkswagen E-Golf are just a few on MyEV.com's extensive list of the finest budget-friendly options.

Keeping a comprehensive report on an EV's battery health by the service or maintenance department is expected to remain a crucial factor in EV dealerships. So providing enough facilities by market players to fully charge the EV before buying can go a long way toward their success.

Key Players Profiled in the Used EV Market Report

  • Audi AG
  • BMW AG
  • Hyundai Motor India
  • Jaguar Land Rover Limited
  • Mahindra and Mahindra Ltd
  • Mercedes-benz AG
  • MG Motor India PVT. Ltd.
  • Olectra Greentech Limited
  • Tata Motors
  • Toyata Motor Cotporation

Key Segments of Global Used EV Market

By Propulsion Type:

  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-in Hybrid Electric Vehicles (PEV)
  • Fuel Cell Electric Vehicles (FCEV)

By Vehicle Type:

  • Two-wheelers
  • Passenger Cars
  • Commercial Vehicles
  • Others

By Vehicle Drive Type:

  • Front Wheel Drive Electric Vehicles
  • Rear Wheel Drive Electric Vehicles
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

The global used EV market is to grow at 8.4% during the forecast period.

The global used EV market is predicted to be valued at US$ 40,078.9 million by 2033.

The global used EV market was valued at US$ 16,428.4 million in 2022.

The United States accounts for 13.5% revenue share of global used EV market.

The United Kingdom is predicted to register a CAGR of 12.8% in the used EV market.

Table of Content

1. Executive Summary | Used EV Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Propulsion Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Propulsion Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Propulsion Type, 2023 to 2033

        5.3.1. Battery Electric Vehicles

        5.3.2. Plug-In Hybrid Electric Vehicles

        5.3.3. Hybrid Electric Vehicles

    5.4. Y-o-Y Growth Trend Analysis By Propulsion Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Propulsion Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2023 to 2033

        6.3.1. Two-Wheelers

        6.3.2. Passenger Cars

        6.3.3. Commercial Vehicles

    6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Drive Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Drive Type, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Drive Type, 2023 to 2033

        7.3.1. Front Wheel Drive

        7.3.2. Rear Wheel Drive

    7.4. Y-o-Y Growth Trend Analysis By Vehicle Drive Type, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Vehicle Drive Type, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. Asia Pacific

        8.3.5. MEA

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. USA

            9.2.1.2. Canada

        9.2.2. By Propulsion Type

        9.2.3. By Vehicle Type

        9.2.4. By Vehicle Drive Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Propulsion Type

        9.3.3. By Vehicle Type

        9.3.4. By Vehicle Drive Type

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Propulsion Type

        10.2.3. By Vehicle Type

        10.2.4. By Vehicle Drive Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Propulsion Type

        10.3.3. By Vehicle Type

        10.3.4. By Vehicle Drive Type

    10.4. Key Takeaways

11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Propulsion Type

        11.2.3. By Vehicle Type

        11.2.4. By Vehicle Drive Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Propulsion Type

        11.3.3. By Vehicle Type

        11.3.4. By Vehicle Drive Type

    11.4. Key Takeaways

12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. China

            12.2.1.2. Japan

            12.2.1.3. South Korea

            12.2.1.4. Singapore

            12.2.1.5. Thailand

            12.2.1.6. Indonesia

            12.2.1.7. Australia

            12.2.1.8. New Zealand

            12.2.1.9. Rest of Asia Pacific

        12.2.2. By Propulsion Type

        12.2.3. By Vehicle Type

        12.2.4. By Vehicle Drive Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Propulsion Type

        12.3.3. By Vehicle Type

        12.3.4. By Vehicle Drive Type

    12.4. Key Takeaways

13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. South Africa

            13.2.1.3. Israel

            13.2.1.4. Rest of MEA

        13.2.2. By Propulsion Type

        13.2.3. By Vehicle Type

        13.2.4. By Vehicle Drive Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Propulsion Type

        13.3.3. By Vehicle Type

        13.3.4. By Vehicle Drive Type

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. USA

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2022

            14.1.2.1. By Propulsion Type

            14.1.2.2. By Vehicle Type

            14.1.2.3. By Vehicle Drive Type

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2022

            14.2.2.1. By Propulsion Type

            14.2.2.2. By Vehicle Type

            14.2.2.3. By Vehicle Drive Type

    14.3. Brazil

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2022

            14.3.2.1. By Propulsion Type

            14.3.2.2. By Vehicle Type

            14.3.2.3. By Vehicle Drive Type

    14.4. Mexico

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2022

            14.4.2.1. By Propulsion Type

            14.4.2.2. By Vehicle Type

            14.4.2.3. By Vehicle Drive Type

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2022

            14.5.2.1. By Propulsion Type

            14.5.2.2. By Vehicle Type

            14.5.2.3. By Vehicle Drive Type

    14.6. United Kingdom

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2022

            14.6.2.1. By Propulsion Type

            14.6.2.2. By Vehicle Type

            14.6.2.3. By Vehicle Drive Type

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2022

            14.7.2.1. By Propulsion Type

            14.7.2.2. By Vehicle Type

            14.7.2.3. By Vehicle Drive Type

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2022

            14.8.2.1. By Propulsion Type

            14.8.2.2. By Vehicle Type

            14.8.2.3. By Vehicle Drive Type

    14.9. Italy

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2022

            14.9.2.1. By Propulsion Type

            14.9.2.2. By Vehicle Type

            14.9.2.3. By Vehicle Drive Type

    14.10. China

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2022

            14.10.2.1. By Propulsion Type

            14.10.2.2. By Vehicle Type

            14.10.2.3. By Vehicle Drive Type

    14.11. Japan

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2022

            14.11.2.1. By Propulsion Type

            14.11.2.2. By Vehicle Type

            14.11.2.3. By Vehicle Drive Type

    14.12. South Korea

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2022

            14.12.2.1. By Propulsion Type

            14.12.2.2. By Vehicle Type

            14.12.2.3. By Vehicle Drive Type

    14.13. Singapore

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2022

            14.13.2.1. By Propulsion Type

            14.13.2.2. By Vehicle Type

            14.13.2.3. By Vehicle Drive Type

    14.14. Thailand

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2022

            14.14.2.1. By Propulsion Type

            14.14.2.2. By Vehicle Type

            14.14.2.3. By Vehicle Drive Type

    14.15. Indonesia

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2022

            14.15.2.1. By Propulsion Type

            14.15.2.2. By Vehicle Type

            14.15.2.3. By Vehicle Drive Type

    14.16. Australia

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2022

            14.16.2.1. By Propulsion Type

            14.16.2.2. By Vehicle Type

            14.16.2.3. By Vehicle Drive Type

    14.17. New Zealand

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2022

            14.17.2.1. By Propulsion Type

            14.17.2.2. By Vehicle Type

            14.17.2.3. By Vehicle Drive Type

    14.18. GCC Countries

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2022

            14.18.2.1. By Propulsion Type

            14.18.2.2. By Vehicle Type

            14.18.2.3. By Vehicle Drive Type

    14.19. South Africa

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2022

            14.19.2.1. By Propulsion Type

            14.19.2.2. By Vehicle Type

            14.19.2.3. By Vehicle Drive Type

    14.20. Israel

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2022

            14.20.2.1. By Propulsion Type

            14.20.2.2. By Vehicle Type

            14.20.2.3. By Vehicle Drive Type

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Propulsion Type

        15.3.3. By Vehicle Type

        15.3.4. By Vehicle Drive Type

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Mahindra & Mahindra Ltd

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. CARS24

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. Droom

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Edmuds

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. Hyundai

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Maruti Suzuki

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. Caragencia

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Electric Autonomy Canada

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. CarTrade

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. Bristol Street Motors

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Propulsion Type, 2018 to 2033

Table 4: Global Market Volume (Units) Forecast by Propulsion Type, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 6: Global Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 7: Global Market Value (US$ Million) Forecast by Vehicle Drive Type, 2018 to 2033

Table 8: Global Market Volume (Units) Forecast by Vehicle Drive Type, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 10: North America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by Propulsion Type, 2018 to 2033

Table 12: North America Market Volume (Units) Forecast by Propulsion Type, 2018 to 2033

Table 13: North America Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 14: North America Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 15: North America Market Value (US$ Million) Forecast by Vehicle Drive Type, 2018 to 2033

Table 16: North America Market Volume (Units) Forecast by Vehicle Drive Type, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 18: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 19: Latin America Market Value (US$ Million) Forecast by Propulsion Type, 2018 to 2033

Table 20: Latin America Market Volume (Units) Forecast by Propulsion Type, 2018 to 2033

Table 21: Latin America Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 22: Latin America Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 23: Latin America Market Value (US$ Million) Forecast by Vehicle Drive Type, 2018 to 2033

Table 24: Latin America Market Volume (Units) Forecast by Vehicle Drive Type, 2018 to 2033

Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Europe Market Volume (Units) Forecast by Country, 2018 to 2033

Table 27: Europe Market Value (US$ Million) Forecast by Propulsion Type, 2018 to 2033

Table 28: Europe Market Volume (Units) Forecast by Propulsion Type, 2018 to 2033

Table 29: Europe Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 30: Europe Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 31: Europe Market Value (US$ Million) Forecast by Vehicle Drive Type, 2018 to 2033

Table 32: Europe Market Volume (Units) Forecast by Vehicle Drive Type, 2018 to 2033

Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033

Table 35: Asia Pacific Market Value (US$ Million) Forecast by Propulsion Type, 2018 to 2033

Table 36: Asia Pacific Market Volume (Units) Forecast by Propulsion Type, 2018 to 2033

Table 37: Asia Pacific Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 38: Asia Pacific Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 39: Asia Pacific Market Value (US$ Million) Forecast by Vehicle Drive Type, 2018 to 2033

Table 40: Asia Pacific Market Volume (Units) Forecast by Vehicle Drive Type, 2018 to 2033

Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 42: MEA Market Volume (Units) Forecast by Country, 2018 to 2033

Table 43: MEA Market Value (US$ Million) Forecast by Propulsion Type, 2018 to 2033

Table 44: MEA Market Volume (Units) Forecast by Propulsion Type, 2018 to 2033

Table 45: MEA Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 46: MEA Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 47: MEA Market Value (US$ Million) Forecast by Vehicle Drive Type, 2018 to 2033

Table 48: MEA Market Volume (Units) Forecast by Vehicle Drive Type, 2018 to 2033

Nikhil Kaitwade
Principal Consultant
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List of Charts

Figure 1: Global Market Value (US$ Million) by Propulsion Type, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Vehicle Drive Type, 2023 to 2033

Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 6: Global Market Volume (Units) Analysis by Region, 2018 to 2033

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 9: Global Market Value (US$ Million) Analysis by Propulsion Type, 2018 to 2033

Figure 10: Global Market Volume (Units) Analysis by Propulsion Type, 2018 to 2033

Figure 11: Global Market Value Share (%) and BPS Analysis by Propulsion Type, 2023 to 2033

Figure 12: Global Market Y-o-Y Growth (%) Projections by Propulsion Type, 2023 to 2033

Figure 13: Global Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 14: Global Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 15: Global Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 16: Global Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 17: Global Market Value (US$ Million) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 18: Global Market Volume (Units) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 19: Global Market Value Share (%) and BPS Analysis by Vehicle Drive Type, 2023 to 2033

Figure 20: Global Market Y-o-Y Growth (%) Projections by Vehicle Drive Type, 2023 to 2033

Figure 21: Global Market Attractiveness by Propulsion Type, 2023 to 2033

Figure 22: Global Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 23: Global Market Attractiveness by Vehicle Drive Type, 2023 to 2033

Figure 24: Global Market Attractiveness by Region, 2023 to 2033

Figure 25: North America Market Value (US$ Million) by Propulsion Type, 2023 to 2033

Figure 26: North America Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 27: North America Market Value (US$ Million) by Vehicle Drive Type, 2023 to 2033

Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 30: North America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 33: North America Market Value (US$ Million) Analysis by Propulsion Type, 2018 to 2033

Figure 34: North America Market Volume (Units) Analysis by Propulsion Type, 2018 to 2033

Figure 35: North America Market Value Share (%) and BPS Analysis by Propulsion Type, 2023 to 2033

Figure 36: North America Market Y-o-Y Growth (%) Projections by Propulsion Type, 2023 to 2033

Figure 37: North America Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 38: North America Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 39: North America Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 40: North America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 41: North America Market Value (US$ Million) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 42: North America Market Volume (Units) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 43: North America Market Value Share (%) and BPS Analysis by Vehicle Drive Type, 2023 to 2033

Figure 44: North America Market Y-o-Y Growth (%) Projections by Vehicle Drive Type, 2023 to 2033

Figure 45: North America Market Attractiveness by Propulsion Type, 2023 to 2033

Figure 46: North America Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 47: North America Market Attractiveness by Vehicle Drive Type, 2023 to 2033

Figure 48: North America Market Attractiveness by Country, 2023 to 2033

Figure 49: Latin America Market Value (US$ Million) by Propulsion Type, 2023 to 2033

Figure 50: Latin America Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 51: Latin America Market Value (US$ Million) by Vehicle Drive Type, 2023 to 2033

Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 57: Latin America Market Value (US$ Million) Analysis by Propulsion Type, 2018 to 2033

Figure 58: Latin America Market Volume (Units) Analysis by Propulsion Type, 2018 to 2033

Figure 59: Latin America Market Value Share (%) and BPS Analysis by Propulsion Type, 2023 to 2033

Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Propulsion Type, 2023 to 2033

Figure 61: Latin America Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 62: Latin America Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 65: Latin America Market Value (US$ Million) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 66: Latin America Market Volume (Units) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 67: Latin America Market Value Share (%) and BPS Analysis by Vehicle Drive Type, 2023 to 2033

Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Vehicle Drive Type, 2023 to 2033

Figure 69: Latin America Market Attractiveness by Propulsion Type, 2023 to 2033

Figure 70: Latin America Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 71: Latin America Market Attractiveness by Vehicle Drive Type, 2023 to 2033

Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 73: Europe Market Value (US$ Million) by Propulsion Type, 2023 to 2033

Figure 74: Europe Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 75: Europe Market Value (US$ Million) by Vehicle Drive Type, 2023 to 2033

Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 78: Europe Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 81: Europe Market Value (US$ Million) Analysis by Propulsion Type, 2018 to 2033

Figure 82: Europe Market Volume (Units) Analysis by Propulsion Type, 2018 to 2033

Figure 83: Europe Market Value Share (%) and BPS Analysis by Propulsion Type, 2023 to 2033

Figure 84: Europe Market Y-o-Y Growth (%) Projections by Propulsion Type, 2023 to 2033

Figure 85: Europe Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 86: Europe Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 87: Europe Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 88: Europe Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 89: Europe Market Value (US$ Million) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 90: Europe Market Volume (Units) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 91: Europe Market Value Share (%) and BPS Analysis by Vehicle Drive Type, 2023 to 2033

Figure 92: Europe Market Y-o-Y Growth (%) Projections by Vehicle Drive Type, 2023 to 2033

Figure 93: Europe Market Attractiveness by Propulsion Type, 2023 to 2033

Figure 94: Europe Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 95: Europe Market Attractiveness by Vehicle Drive Type, 2023 to 2033

Figure 96: Europe Market Attractiveness by Country, 2023 to 2033

Figure 97: Asia Pacific Market Value (US$ Million) by Propulsion Type, 2023 to 2033

Figure 98: Asia Pacific Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 99: Asia Pacific Market Value (US$ Million) by Vehicle Drive Type, 2023 to 2033

Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Propulsion Type, 2018 to 2033

Figure 106: Asia Pacific Market Volume (Units) Analysis by Propulsion Type, 2018 to 2033

Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Propulsion Type, 2023 to 2033

Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Propulsion Type, 2023 to 2033

Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 110: Asia Pacific Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 114: Asia Pacific Market Volume (Units) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Vehicle Drive Type, 2023 to 2033

Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Vehicle Drive Type, 2023 to 2033

Figure 117: Asia Pacific Market Attractiveness by Propulsion Type, 2023 to 2033

Figure 118: Asia Pacific Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 119: Asia Pacific Market Attractiveness by Vehicle Drive Type, 2023 to 2033

Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 121: MEA Market Value (US$ Million) by Propulsion Type, 2023 to 2033

Figure 122: MEA Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 123: MEA Market Value (US$ Million) by Vehicle Drive Type, 2023 to 2033

Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 126: MEA Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 129: MEA Market Value (US$ Million) Analysis by Propulsion Type, 2018 to 2033

Figure 130: MEA Market Volume (Units) Analysis by Propulsion Type, 2018 to 2033

Figure 131: MEA Market Value Share (%) and BPS Analysis by Propulsion Type, 2023 to 2033

Figure 132: MEA Market Y-o-Y Growth (%) Projections by Propulsion Type, 2023 to 2033

Figure 133: MEA Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 134: MEA Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 135: MEA Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 136: MEA Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 137: MEA Market Value (US$ Million) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 138: MEA Market Volume (Units) Analysis by Vehicle Drive Type, 2018 to 2033

Figure 139: MEA Market Value Share (%) and BPS Analysis by Vehicle Drive Type, 2023 to 2033

Figure 140: MEA Market Y-o-Y Growth (%) Projections by Vehicle Drive Type, 2023 to 2033

Figure 141: MEA Market Attractiveness by Propulsion Type, 2023 to 2033

Figure 142: MEA Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 143: MEA Market Attractiveness by Vehicle Drive Type, 2023 to 2033

Figure 144: MEA Market Attractiveness by Country, 2023 to 2033

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