Asia Pacific Electric Vehicles Market; By propulsion type (battery electric vehicles, plug-in hybrid vehicles and others); By Vehicle type (two-wheeler, three-wheeler, four -wheeler and commercial vehicles & public transport); By Component type (EV battery, Charging equipment (AC and DC charging equipment), Motor controller, Electric engine and others); By countries (China, Japan, South Korea, India, New Zealand, Australia and others); Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023.
Over the past few years, the usage of electric vehicles has become a new trend in the APAC transportation industry. The higher adoption rates of smart mobility services, government regulations, increasing fuel prices, and growing trend toward adopting non-fossil fuel-based vehicles are supporting the growth of electric vehicles. Further, the integrated mobility and ride-sharing services are improving the acceptance of electric vehicles in this region.
Market Revenue and Segmentation Analysis:
The Asia Pacific electric vehicles market revenue is estimated to be $30.11 billion in 2017 and is expected to reach $144.62 billion by 2023, growing at a CAGR of 29.9% during the forecast period 2017–2023.
The propulsion types include battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and others. BEVs are highly demanded across the region owing to the cost-effectiveness of the vehicles, and the segment is expected to grow at a higher CAGR during the forecast period. PHEVs are slowly being adopted by Asian countries due to the huge initial investments as the vehicle supports both plug-in electric energy and fuel-based electrical energy input.
The vehicle types include two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and buses. The two-wheelers and three-wheelers markets in Asia are the largest in the world and it is growing owing to the growing personal vehicles ownership. The four-wheelers electric vehicles market is the largest in China followed by Japan, South Korea, and others. The adoption rate of commercial EVs is relatively less in APAC when compared to Europe and the Americas due to high vehicle costs and the lack of public charging facilities. The four-wheelers market is expected to account for over 48% of the total value of electric vehicles sold in APAC in 2017, and it is anticipated to grow at a higher CAGR during the forecast period 2017–2023.
The component types include EV battery, charging equipment, motor controllers, electric engine, and others. The EV battery market is largely dominated by Chinese players, and it is expected that the Chinese battery manufacturers account for over 80% of the EV batteries sold in Asia Pacific across all vehicle types. The motor controller and charging equipment are witnessing a huge potential for the electric vehicles sales in APAC. The charging equipment is segmented into AC and DC charging equipment. The AC equipment is largely dominated by the personal vehicle consumers, and DC fast charging equipment is expected to be used across the commercial vehicle and personal car users.
The countries covered in the report are China, Japan, South Korea, India, Australia, New Zealand, and others. China is expected to grow at a higher CAGR during the forecast period 2017–2023. India and South Korea are expected to grow at a higher rate post-2021 due to the regulatory push and incentives from regional governments.
Benefits and Vendors
The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Next-generation electric vehicles are expected to change the shape of Asia Pacific automobile industries by 2025 with a wide range of product offerings. Toyota Motor Corporation, Siemens AG, Ford Motor Company, Robert Bosch GmbH, Cisco Systems, Inc., GLM Corporation, BYTON, Emflux Motors, NIO (NextEV), and Tork Motors are few of the companies profiled in the report.
The study offers a comprehensive analysis of the “Asia Pacific electric vehicles” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for companies to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.
1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 PEST Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
4 Market Outlook
4.2 Market Trends
4.3 Market Segmentation
4.4 Porter 5 (Five) Forces
5 Market Characteristics
5.3 Market Dynamics
18.104.22.168 Growing demand for eco-friendly transit
22.214.171.124 Improving the EV chargers market ecosystem
126.96.36.199 Improving focus towards renewable energy
188.8.131.52 Growing demand for renewable energy
184.108.40.206 Increasing demand for smart grid
220.127.116.11 Technological challenges
18.104.22.168 Reduction in the employability
DRO – Impact Analysis
6 Propulsion type: Market Size and Analysis
6.2 Battery electric vehicle
6.3 Plug-in hybrid electric vehicle
7 Vehicle Types: Market Size and Analysis
7.5 Commercial vehicles and public transport
8 Component Type: Market Size and Analysis
8.2 EV Battery
8.3 Charging equipment
DC fast Charging
8.4 Motor Controller
8.5 Electric Engine
9 APAC: Market Size and Analysis
9.4 South Korea
9.7 New Zealand
10 Vendor Profiles
10.1 Toyota Motor Corporation
10.2 Siemens AG
10.3 Ford Motor Company
10.4 Robert Bosch GmbH
10.5 Cisco Systems, Inc.
11 Companies to Watch For
11.1 GLM Co., Ltd. (GLM Corporation)
GLM G4 and GLM ZZ:
11.3 Emflux Motors
11.4 NIO (NextEV)
12 Competitive Landscape
12.1 Competitor Comparison Analysis
TABLE 1 ASIA PACIFIC FOUR-WHEELER BEV AND PHEV SALES BY LEADING COUNTRIES, 2015–2016 (THOUSANDS) 27
TABLE 2 ASIA PACIFIC ELECTRIC VEHICLE MARKET REVENUE BY PROPULSION TYPE, 2017–2023 ($BILLION) 27
TABLE 3 ASIA PACIFIC ELECTRIC VEHICLES MARKET GROWTH BY PROPULSION TYPE, 2017–2023, (Y-O-Y, %) 27
TABLE 4 ASIA PACIFIC ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($BILLION) 31
TABLE 5 ASIA PACIFIC ELECTRIC VEHICLES MARKET GROWTH BY PRODUCT TYPE, 2017–2023, (Y-O-Y, %) 31
TABLE 6 ASIA PACIFIC ELECTRIC VEHICEL MARKET REVENUE BY COMPONENET TYPE, 2017–2023 ($BILLION) 35
TABLE 7 ASIA PACIFIC ELECTRIC VEHICLES MARKET GROWTH BY COMPONENET TYPE, 2017–2023, (Y-O-Y, %) 35
TABLE 8 ASIA PACIFIC ELECTRIC VEHICEL MARKET REVENUE BY CHARGING EQUIPMENT TYPE, 2017–2023 ($BILLION) 37
TABLE 9 ASIA PACIFIC ELECTRIC VEHICLES MARKET REVENUE BY COUNTRY, 2017–2023 ($BILLION) 40
TABLE 10 ASIA PACIFIC ELECTRIC VEHICLES MARKET GROWTH BY REGIONS, 2017–2023 (Y-O-Y, %) 40
TABLE 11 CHINA ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($BILLION) 41
TABLE 12 JAPAN ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($BILLION) 43
TABLE 13 SOUTH KOREA ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($BILLION) 45
TABLE 14 INDIA ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($MILLION) 47
TABLE 15 AUSTRALIA ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($MILLION) 48
TABLE 16 NEW ZEALAND ELECTRIC VEHICLES MARKET REVENUE BY VEHICLE TYPE, 2017–2023 ($MILLION) 50
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- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
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