Report Description

Global Small Electric Vehicle Market By Technology (Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle), By Battery Type, By Geography, Competition Forecast & Opportunities, 2022

  • Publish Date:June, 2017
  • Format : PDF
  • Pages : 199
  • Industry : Automotive

Global small electric vehicle market stood at around $ 6 billion in 2016, and is forecast to grow at a CAGR of 23% during 2017 – 2022, to reach $ 20.7 billion, on account of increasing consumer inclination towards electric passenger cars coupled with declining prices of electric vehicles. Moreover, the boost in demand for small electric vehicles can be attributed to favorable government policies and continuing surge in R&D investments by several OEMs to develop premium quality and affordable small electric vehicles. All the above stated factors along with growing penetration of small electric vehicles in developing economies are anticipated to positively impact the market over the course of next five years.

Years Considered for this Report:

Base Year: 2016

Estimated Year: 2017

Forecast Period: 2018–2022

Objective of the Study:

  • To analyze and forecast the size of small electric vehicle market across the globe.
  • To classify and forecast global small commercial vehicle market on the basis of vehicle type, battery type, technology type and region.
  • To identify drivers and challenges for global small electric vehicle market.
  • To identify market trends and developments in global small electric vehicle market.
  • To strategically profile the leading players operating in the global small electric vehicle market.

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Few of the major companies operating in the global small electric vehicle market are Nissan, BMW AG, Toyota Motor Corporation, Ford Motor Company, Zhengzhou Yutong Bus Co. Ltd., Audi AG, Hyundai Motor Company, BYD Company Limited, Renault, etc. All these companies are well assisted by their key development teams and supported by strong sales and distribution networks across the globe.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of small electric vehicle manufacturers and companies operating in the global market. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include those manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed service offerings, regional network and presence of all major small electric vehicle companies operating across the globe.

TechSci Research calculated the size for the global small electric vehicle market using a bottom-up technique, where manufacturers’ value share data for different vehicle type (passenger car and commercial vehicle) was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as ACEA, OICA, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Small electric vehicle manufacturers, distributors and dealers
  • Associations, organizations, forums and alliances related to electric vehicles
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as small electric vehicle manufacturers, distributors and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking right investment decisions and facilitating their expansion.

Report Scope:

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

  • Market, by Vehicle Type:
    • Passenger Car
    • Commercial Vehicle
  • Market, by Technology Type:
    • Battery Electric Vehicle
    • Plug-in Electric Vehicle
  • Market, by Battery Type:
    • Lithium Ion
    • Lithium Ion Phosphate
  • Market, by Region:
    • Asia-Pacific

·         China

·         Japan

·         South Korea

·         Rest of Region

    • Europe

·         Norway

·         France

·         Germany

·         UK

·         Netherlands

·         Sweden

·         Switzerland

·         Italy

·         Belgium

·         Iceland

·         Rest of Region

    • North America

·         United States

·         Canada

·         Mexico

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present globally in the small electric vehicle market.

Available Customizations:

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

Company Information

  • Detailed analysis and profiling of additional market players.

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