The global Vehicle Electrification market was valued at US$ 57230 million in 2023 and is projected to reach US$ 85280 million by 2030, at a CAGR of 5.5% during the forecast period.

The USA market for Global Vehicle Electrification market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Vehicle Electrification market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Vehicle Electrification market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

This research report provides a comprehensive analysis of the Vehicle Electrification market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Vehicle Electrification market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Vehicle Electrification, challenges faced by the industry, and potential opportunities for market players.

The global Vehicle Electrification market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Vehicle Electrification market presents opportunities for various stakeholders, including Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Hybrid Electric Vehicle (HEV). Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Vehicle Electrification market. Additionally, the growing consumer demand present avenues for market expansion.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

Key Features:

The research report on the Vehicle Electrification market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.

Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Vehicle Electrification market.

Market Overview: The report provides a comprehensive overview of the Vehicle Electrification market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Start/Stop System, Electric Power Steering (EPS)), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.

Market Dynamics: The report analyses the market dynamics driving the growth and development of the Vehicle Electrification market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Vehicle Electrification market's trajectory.

Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Vehicle Electrification market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.

Market Segmentation and Forecast: The report segment the Vehicle Electrification market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.

Technological Trends: The report should highlight the key technological trends shaping the Vehicle Electrification market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.

Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Vehicle Electrification market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.

Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Vehicle Electrification, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.

Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Vehicle Electrification market.

Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.

Market Segmentation

Vehicle Electrification market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type

• Start/Stop System
• Electric Power Steering (EPS)
• Electric Air-Conditioner Compressor
• Electric Vacuum Pump
• Electric Oil Pump
• Electric Water Pump
• Liquid Heater PTC
• Integrated Starter Generator (ISG)
• Starter Motor & Alternator
• Actuators

Market segment by Application

• Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
• Others

Global Vehicle Electrification Market Segment Percentages, By Region and Country, 2023 (%)

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Major players covered

• Bosch
• Continental
• Denso
• Delphi
• Johnson Electric
• Mitsubishi Electric
• Borgwarner
• Magna
• Aisin
• Johnson Controls
• ZF
• Valeo
• Jtekt
• Hitachi Automotive
• Wabco

Outline of Major Chapters:

Chapter 1: Introduces the definition of Vehicle Electrification, market overview.

Chapter 2: Global Vehicle Electrification market size in revenue and volume.

Chapter 3: Detailed analysis of Vehicle Electrification manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Vehicle Electrification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Vehicle Electrification capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

Table of content

1 Introduction to Research & Analysis Reports
1.1 Vehicle Electrification Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Vehicle Electrification Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Vehicle Electrification Overall Market Size
2.1 Global Vehicle Electrification Market Size: 2023 VS 2030
2.2 Global Vehicle Electrification Revenue, Prospects & Forecasts: 2019-2030
2.3 Global Vehicle Electrification Sales: 2019-2030
3 Company Landscape
3.1 Top Vehicle Electrification Players in Global Market
3.2 Top Global Vehicle Electrification Companies Ranked by Revenue
3.3 Global Vehicle Electrification Revenue by Companies
3.4 Global Vehicle Electrification Sales by Companies
3.5 Global Vehicle Electrification Price by Manufacturer (2019-2024)
3.6 Top 3 and Top 5 Vehicle Electrification Companies in Global Market, by Revenue in 2023
3.7 Global Manufacturers Vehicle Electrification Product Type
3.8 Tier 1, Tier 2 and Tier 3 Vehicle Electrification Players in Global Market
3.8.1 List of Global Tier 1 Vehicle Electrification Companies
3.8.2 List of Global Tier 2 and Tier 3 Vehicle Electrification Companies
4 Sights by Product

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