The global electric 4 wheel drive car market is anticipated to witness the growth of formidable CAGR during the forecast period, 2023-2027. Increasing demand for luxury cars and developments in the 4 wheel drive car system and its growing penetration in electric vehicles are the major factors driving the growth of the global electric 4 wheel drive car market.

Electric 4 wheel drive car system is equipped with sensors on each wheel that monitor the wheel speed, traction, and other essential data pointers at a rapid rate to enhance the overall driving experience of drivers. Traction conditions can be analyzed to decide which wheel needs power by an electronically controlled unit (ECU) present in the electric 4 wheel drive car system, which improves vehicle handling in all weather conditions. Growing demand for improved safety, drive control, and stability is driving the growth of the electric 4 wheel car system. The electric 4 wheel car system was earlier installed only in luxury cars, but now the introduction of hybrid electric vehicles and passenger cars is expected to accelerate the market demand.

Growing Demand for Sports Utility Vehicle Drives Market Demand

The rise in the purchasing power of consumers in developed and developing countries is enabling them to afford high-performance luxury vehicles. Growing demand for versatility and performance in automobiles, along with growing sales of luxury variant personal vehicles equipped with the latest features and electronic devices leading to greater convenience and comfort of passengers, are expected to boost the sales of sports utility vehicles around the globe. The electric 4 wheel offers better sportier handling and increased grip and traction for smooth navigation, bolstering the demand for passenger cars, especially in sedans, SUVs, and crossovers. Extreme weather conditions in regions, namely Europe and North America, are a significant driver influencing the consumers to buy electric vehicles installed with electric 4 wheel drive car system, and safe on-road drivability are accelerating the demand of the global electric 4 wheel drive car market.

Increasing Sales of Electric Vehicles Supports Market Growth

The alarming growth of the pollution levels and the surge in the concerns regarding the adverse effects of released carbon emission into the environment are creating the demand for zero-emission vehicles using an alternate form of energy as fuel. Leading authorities are providing incentives, subsidies, income tax rebates to the manufacturers and buyers of electric vehicles to promote the adoption of electric vehicles as a daily source of commuting from one place to another. Around 3.1 million units of EVs were sold in 2020. The rise in the number of market players and the intense competition makes them invest in research and development activities to find innovative technologies to increase the fuel efficiency and battery capacity of electric vehicles. Electric vehicles and hybrid electric vehicles are integrated with a regenerative braking system to increase vehicle efficiency and lower the amount of energy wasted and emission while driving the car. Development of the electric vehicle charging stations to facilitate a smooth riding experience while driving the electric cars and the allocation of huge funds by respective government authorities for boosting the construction of electric battery infrastructure is influencing the market demand. Increasing awareness about the benefits of driving through electric vehicles and the high demand for luxury electric vehicles are expected to boost the growth of the global electric 4 wheel drive car market.


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Market Segmentation

The global electric 4 wheel drive car market is segmented on the basis of propulsion, vehicle type, battery capacity, regional distribution, and company. Based on the propulsion, the global electric 4 wheel drive car market is divided into BEV, HEV and PHEV. Based on the vehicle type, the global electric 4 wheel drive car market is divided into hatchback, sedan and SUV. Based on the vehicle type, the global electric 4 wheel drive car market is divided into below 25 KWH, 25KWH-40KWH, above 40KWH. To analyze the market based on the region, the global electric 4 wheel drive car market is studied in major regions namely North America, Asia-pacific, Europe & CIS, South America, Middle East, and Africa.

Market Players

Volkswagen Group, BMW AG, Hyundai Motor Company, Daimler AG, Tesla INC, Toyota Motor Company, are among the major market players in the global platform that lead the market growth of the global electric 4 wheel drive car market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Propulsion

·         Vehicle Type

·         Battery Capacity

Regional scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; Egypt

Key companies profiled

Volkswagen Group, BMW AG, Hyundai Motor Company, Daimler AG, Tesla INC, Toyota Motor Company

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global electric 4 wheel drive car market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Electric 4 Wheel Drive Car Market, By Propulsion:
    • BEV
    • HEV
    • PHEV
  • Electric 4 Wheel Drive Car Market, By Vehicle Type:
    • Hatchback
    • Sedan
    • SUV
  • Electric 4 Wheel Drive Car Market, By Battery Capacity:
    • Below 25 KWH
    • 25KWH-40KWH
    • Above 40KWH
  • Electric 4 Wheel Drive Car Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • Malaysia
      • Thailand
      • Indonesia
      • Vietnam
      • South Korea
    • Europe & CIS
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
      • Belgium
      • Russia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • UAE
      • Saudi Arabia
      • Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global electric 4 wheel drive car market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Electric 4 Wheel Drive Car Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided Brand Recall and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Global Electric 4 Wheel Drive Car Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value and Volume

6.2.  Market Share & Forecast

6.2.1.     By Propulsion (BEV, HEV, PHEV)

6.2.2.     By Vehicle Type (Hatchback, Sedan, SUV)

6.2.3.     By Battery Capacity (Below 25 KWH, 25KWH-40KWH, Above 40KWH)

6.2.4.     By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

6.2.5.     By Company (2021)

6.3.  Product Market Map (By Vehicle Type, By Region)

7.    North America Electric 4 Wheel Drive Car Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value and Volume

7.2.  Market Share & Forecast

7.2.1.     By Propulsion

7.2.2.     By Vehicle Type

7.2.3.     By Battery Capacity

7.2.4.     By Country (United States; Canada; Mexico)

7.3.  Product Market Map (By Vehicle Type, By Country)

7.4.  North America: Country Analysis

7.4.1.     United States Electric 4 Wheel Drive Car Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value and Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Propulsion

7.4.1.2.2.             By Vehicle Type

7.4.1.2.3.             By Battery Capacity

7.4.2.     Canada Electric 4 Wheel Drive Car Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value and Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Propulsion

7.4.2.2.2.             By Vehicle Type

7.4.2.2.3.             By Battery Capacity

7.4.3.     Mexico Electric 4 Wheel Drive Car Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value and Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Propulsion

7.4.3.2.2.             By Vehicle Type

7.4.3.2.3.             By Battery Capacity

8.    Asia Pacific Electric 4 Wheel Drive Car Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value and Volume

8.2.  Market Share & Forecast

8.2.1.     By Propulsion

8.2.2.     By Vehicle Type

8.2.3.     By Battery Capacity

8.2.4.     By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)

8.2.5.     Product Market Map (By Vehicle Type, By Country)

8.3.  Asia Pacific: Country Analysis

8.3.1.     China Electric 4 Wheel Drive Car Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value and Volume

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Propulsion

8.3.1.2.2.             By Vehicle Type

8.3.1.2.3.             By Battery Capacity

8.3.2.     India Electric 4 Wheel Drive Car Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value and Volume

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Propulsion

8.3.2.2.2.             By Vehicle Type

8.3.2.2.3.             By Battery Capacity

8.3.3.     Japan Electric 4 Wheel Drive Car Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value and Volume

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Propulsion

8.3.3.2.2.             By Vehicle Type

8.3.3.2.3.             By Battery Capacity

8.3.4.     Malaysia Electric 4 Wheel Drive Car Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value and Volume

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Propulsion

8.3.4.2.2.             By Vehicle Type

8.3.4.2.3.             By Battery Capacity

8.3.5.     Thailand Electric 4 Wheel Drive Car Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value and Volume

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Propulsion

8.3.5.2.2.             By Vehicle Type

8.3.5.2.3.             By Battery Capacity

8.3.6.     Indonesia Electric 4 Wheel Drive Car Market Outlook

8.3.6.1.         Market Size & Forecast

8.3.6.1.1.             By Value and Volume

8.3.6.2.         Market Share & Forecast

8.3.6.2.1.             By Propulsion

8.3.6.2.2.             By Vehicle Type

8.3.6.2.3.             By Battery Capacity

8.3.7.     Vietnam Electric 4 Wheel Drive Car Market Outlook

8.3.7.1.         Market Size & Forecast

8.3.7.1.1.             By Value and Volume

8.3.7.2.         Market Share & Forecast

8.3.7.2.1.             By Propulsion

8.3.7.2.2.             By Vehicle Type

8.3.7.2.3.             By Battery Capacity

8.3.8.     South Korea Electric 4 Wheel Drive Car Market Outlook

8.3.8.1.         Market Size & Forecast

8.3.8.1.1.             By Value and Volume

8.3.8.2.         Market Share & Forecast

8.3.8.2.1.             By Propulsion

8.3.8.2.2.             By Vehicle Type

8.3.8.2.3.             By Battery Capacity

9.    Europe & CIS Electric 4 Wheel Drive Car Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value and Volume

9.2.  Market Share & Forecast

9.2.1.     By Propulsion

9.2.2.     By Vehicle Type

9.2.3.     By Battery Capacity

9.2.4.     By Country (Germany, France, United Kingdom, Spain, Italy, Belgium, Russia)

9.3.  Product Market Map (By Vehicle Type, By Country)

9.4.  Europe & CIS: Country Analysis

9.4.1.     Germany Electric 4 Wheel Drive Car Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value and Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Propulsion

9.4.1.2.2.             By Vehicle Type

9.4.1.2.3.             By Battery Capacity

9.4.2.     France Electric 4 Wheel Drive Car Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value and Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Propulsion

9.4.2.2.2.             By Vehicle Type

9.4.2.2.3.             By Battery Capacity

9.4.3.     United Kingdom Electric 4 Wheel Drive Car Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value and Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Propulsion

9.4.3.2.2.             By Vehicle Type

9.4.3.2.3.             By Battery Capacity

9.4.4.     Spain Electric 4 Wheel Drive Car Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value and Volume

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Propulsion

9.4.4.2.2.             By Vehicle Type

9.4.4.2.3.             By Battery Capacity

9.4.5.     Italy Electric 4 Wheel Drive Car Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value and Volume

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Propulsion

9.4.5.2.2.             By Vehicle Type

9.4.5.2.3.             By Battery Capacity

9.4.6.     Belgium Electric 4 Wheel Drive Car Market Outlook

9.4.6.1.         Market Size & Forecast

9.4.6.1.1.             By Value and Volume

9.4.6.2.         Market Share & Forecast

9.4.6.2.1.             By Propulsion

9.4.6.2.2.             By Vehicle Type

9.4.6.2.3.             By Battery Capacity

9.4.7.     Russia Electric 4 Wheel Drive Car Market Outlook

9.4.7.1.         Market Size & Forecast

9.4.7.1.1.             By Value and Volume

9.4.7.2.         Market Share & Forecast

9.4.7.2.1.             By Propulsion

9.4.7.2.2.             By Vehicle Type

9.4.7.2.3.             By Battery Capacity

10.  South America Electric 4 Wheel Drive Car Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value and Volume

10.2.              Market Share & Forecast

10.2.1.  By Propulsion

10.2.2.  By Vehicle Type

10.2.3.  By Battery Capacity

10.2.4.  By Country (Brazil, Argentina, Colombia)

10.3.              Product Market Map (By Vehicle Type, By Country)

10.4.              South America: Country Analysis

10.4.1.  Brazil Electric 4 Wheel Drive Car Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value and Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Propulsion

10.4.1.2.2.           By Vehicle Type

10.4.1.2.3.           By Battery Capacity

10.4.2.  Argentina Electric 4 Wheel Drive Car Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value and Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Propulsion

10.4.2.2.2.           By Vehicle Type

10.4.2.2.3.           By Battery Capacity

10.4.3.  Colombia Electric 4 Wheel Drive Car Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value and Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Propulsion

10.4.3.2.2.           By Vehicle Type

10.4.3.2.3.           By Battery Capacity

11.  Middle East and Africa Electric 4 Wheel Drive Car Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value and Volume

11.2.              Market Share & Forecast

11.2.1.  By Propulsion

11.2.2.  By Vehicle Type

11.2.3.  By Battery Capacity

11.2.4.  By Country (South Africa, UAE, Saudi Arabia, Egypt)

11.3.              Product Market Map (By Vehicle Type, By Country)

11.4.              Middle East and Africa: Country Analysis

11.4.1.  South Africa Electric 4 Wheel Drive Car Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Value and Volume

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Propulsion

11.4.1.2.2.           By Vehicle Type

11.4.1.2.3.           By Battery Capacity

11.4.2.  UAE Electric 4 Wheel Drive Car Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Value and Volume

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Propulsion

11.4.2.2.2.           By Vehicle Type

11.4.2.2.3.           By Battery Capacity

11.4.3.  Saudi Arabia Electric 4 Wheel Drive Car Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Value and Volume

11.4.3.2.      Market Share & Forecast

11.4.3.2.1.           By Propulsion

11.4.3.2.2.           By Vehicle Type

11.4.3.2.3.           By Battery Capacity

11.4.4.  Egypt Electric 4 Wheel Drive Car Market Outlook

11.4.4.1.      Market Size & Forecast

11.4.4.1.1.           By Value and Volume

11.4.4.2.      Market Share & Forecast

11.4.4.2.1.           By Propulsion

11.4.4.2.2.           By Vehicle Type

11.4.4.2.3.           By Battery Capacity

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.              Company Profiles (Partial List of Leading Companies)

14.1.1.  Volkswagen Group

14.1.2.  BMW AG

14.1.3.  Hyundai Motor Company

14.1.4.  Daimler AG

14.1.5.  Tesla INC

14.1.6.  Toyota Motor Company

15.  Strategic Recommendations

16.  About Us & Disclaimer

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