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Vehicle Electrification Market

This Vehicle Electrification market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Vehicle Electrification market.

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The vehicle electrification market is expected to grow significantly in the forthcoming years owing to the inclination of automotive and automobile manufacturers towards the electrified vehicles and the growing emphasis given to environment-friendly alternatives in the automobiles. Vehicle electrification is being adopted by various key players in the automobile industry such as Toyota. The vehicle electrification market is seeing innovations by Toyota, while they harness the benefits associated with vehicle electrification to support their sustainability initiatives for which they aim to promote the sales of their electrified vehicles in the coming decade. Commercialization of electrified vehicles by major players is expected to nurture the growth opportunities of the vehicle electrification market.

Moreover, the initiatives taken by the automotive players such as the Renault Group and Bosch for implementing vehicle electrification, transforming the public transport with vehicle electrification, and aiming to add electrified vehicles to their product portfolio in the future are further expected to open new doorways for the automobile manufacturers. In line with sustainable commutate facilities, vehicle electrification allows both, the vehicle manufacturers and end users to benefit from it and transform how transport has been looked at, further contributing to the expansion of the vehicle electrification market.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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Electrification of a vehicle is considered as one of the best way to reduce carbon emission, increase vehicle efficiency and reduce dependency over oil. Vehicle electrification generates new opportunities for consumer engagement along with various environmental and economic benefits. We can replace various hydraulic or mechanical systems with electric systems: hydraulic power steering with electric power steering and mechanical or hydraulic pumps with electric pumps. The air conditioner in a vehicle can

Vehicle Electrification Market: Drivers & Restraints

Vehicle Electrification Market: Segmentation

Vehicle Electrification Market: Region – Wise Outlook

Vehicle Electrification Market: Key Players

Some of the players in the market we identified includes, Continental AG, Robert Bosch GmbH., TRW Automotive Holdings Corp., Denso Corporation, (Japan), Nexteer Automotive, JTEKT Corporation, Mitsubishi Electric Corporation, Mando Corp., Borgwarner Inc. and ZF Friedrichshafen AG.

The report covers exhaustive analysis on:

Regional analysis includes

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Increasing prices of conventional fuels, growth in the sales of electric vehicles will enhance the growth of vehicle electrification. Growing demand for fuel efficient vehicles, stringent emission norm along with increasing environmental awareness among the consumer are also expected to fuel the growth of vehicle electrification market. Governments of various countries such as US are actively supporting vehicle electrification by providing tax exemption and subsidies.

Vehicle Electrification Market: Segmentation

On the basis of product type, vehicle electrification market is broadly segmented as:

Start–Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air-Conditioner Compressor
Electric Vacuum Pump
Electric Oil Pump
Electric Water Pump
Thermoelectric Generator
Electric Turbocharger

On the basis of vehicle type, the market is segmented into:

Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
Two – Wheeler

Vehicle electrification market is segmented on the basis of degree of hybridizationas:

Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (Bev) & Fuel Cell Electric Vehicle (FCEV)

In addition, report also includes segmentation on the basis of channel type:

OEMs
Aftermarket

Asia – Pacific region owing to the fast growing automotive industry in developing countries such as India, China and South Korea is expected to show a significant growth in the vehicle electrification market. Strict laws in Western & Eastern Europe for vehicle efficiency will drive the vehicle electrification market in this region. North America is also anticipated to a moderate growth with credits to the strong fuel efficiency norms and support from government in the region. With rapid technological advancement and growing automobile industry, vehicle electrification market is expected to increase at a double CAGR during the forecast period.

Vehicle Electrification Market: Key Players

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.

Frequently Asked Questions

What research methodology is used to develop the Vehicle Electrification Market report?

FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
These approaches include accumulating data from both primary and secondary sources
Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Vehicle Electrification Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
Analysis of several middle market stakeholders for country-wise data

What else does FMI offer apart from Vehicle Electrification Market report?

In addition to up-to-date market figures and customized of the Vehicle Electrification Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?

Most of the competitors are segregated according to their market share in 'Tier' wise statures.
Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.