Report Description

Global Vehicle Electrification Market, By Degree of Hybridization (Internal Combustion Engine (ICE), HEV, BHEV, PHEV), By Product Type (Start/Stop System, Electric Vacuum Pump, Electric Power Steering, Liquid Heater PTC, Actuators, Integrated Starter Generator (ISG), Electric Water Pump, Electric Oil Pump and Others), By Company and By Geography, Forecast & Opportunities, 2023

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Automotive

Global Vehicle Electrification Market is projected to reach USD 92.66 Billion by 2023, at a CAGR of over 8% during 2018-2023. Growing demand for light weight vehicles to achieve improved fuel efficiency, increasing demand for safety, comfort, and luxury are the main factors prompting the demand for vehicle electrification during 2018-2023. Based on Degree of Hybridization, the market has been categorised into Internal Combustion Engine (ICE), HEV, BHEV, PHEV. The PHEV vehicle is projected to grow at a highest CAGR over the next five years owing to increasing government tax incentives, state rebates and moreover, automakers are seeing plug-in hybrids as the gateway to fully electric vehicles. Asia-Oceania is estimated to be the largest market for vehicle electrification due to growing demand for electric vehicles in China and Japan, implementation of stringent emission norms, and low production costs are driving the Asia-Oceania market. Some of the key manufacturers operating in the market are Robert Bosch GmbH, Johnson Electric, Continental AG among others.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2018–2023

Objective of the Study:

  • To analyse and forecast the market size of Vehicle Electrification Market, in terms of value and volume.
  • To classify and forecast Global Vehicle Electrification Market based on degree of hybridization, product type and regional distribution.
  • To identify drivers and challenges for Global Vehicle Electrification Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Vehicle Electrification Market.
  • To conduct the pricing analysis for Vehicle Electrification Market.
  • To identify and analyse the profile of leading players involved in the manufacturing of Global Vehicle Electrification Market.


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Some of the leading players in the Global Vehicle Electrification Market are Robert Bosch GmbH, Johnson Electric, Continental AG, Aisin Seiki Co. Ltd., Valeo SA., Mitsubishi Electric Corporation, Hitachi Automotive Systems Ltd., Jtekt Corporation, Borgwarner Inc., Denso Corporation etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

TechSci Research calculated the market size of Global Vehicle Electrification Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.


Key Target Audience:

  • Vehicle Electrification Suppliers
  • Raw material manufacturers of vehicle electrification components
  • Automotive OEMs
  • Traders and Distributors
  • Industry associations and experts
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Vehicle Electrification Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Degree of Hybridization:
    • Internal Combustion Engine (ICE)
    • Hybrid Electric vehicles (HEV),
    • Battery Electric Vehicles (BHEV)
    • Plug-In Hybrid Electric Vehicles (PHEV)
  • Market, By Product Type:
    • Start/Stop System
    • Electric Vacuum Pump
    • Electric Power Steering
    • Liquid Heater PTC
    • Actuators
    • Integrated Starter Generator (ISG)
    • Electric Water Pump
    • Electric Oil Pump
    • Others
  • Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe & CIS
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vehicle Electrification Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the 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).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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