ASIA PACIFIC ELECTRIC VEHICLE MARKET FORECAST 2020-2028

The Asia Pacific electric vehicle market is estimated to project a CAGR of 21.06% during the forecast period, 2020-2028. The region boasts of the presence of conducive economies like Australia, India, Japan, and China. The electric vehicles find major applications in commercial, passenger, and personal vehicles. The countries in the region are providing incentives, with an aim to promote the utility of electric vehicles. The region also has the presence of several multinational organizations, which benefits its automobile market. Such factors influence the overall growth of the market. Asia Pacific Electric Vehicle Market

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The countries assessed in the Asia Pacific electric vehicle market for further analysis include, Japan, India, South Korea, China, Thailand, Indonesia, Australia & New Zealand, Vietnam, and the rest of Asia Pacific. China is considered to be the largest market for electric vehicles in the Asia Pacific. The local plug-in vehicle market is estimated to witness decent growth in the coming years. In India, the incentives provided by the government have been impacting the volumes of the electric vehicle market. The country also has the presence of major automobile manufacturers, and they are engaged in the production of electric vehicles. The initiatives undertaken by the government, and the growing adoption of electric vehicles in the country, are among the primary factors influencing the growth of the market. For instance, in an attempt to promote the adoption of electric vehicles, the government launched a program on Faster Adoption of Manufacturing of Hybrid and Electric Vehicle (FAME).

BYD Company Ltd specializes in four segments, new energy, rail transit, IT, and automobile. The company is considered to be a competitive supplier for EMS (Electronic Monitoring System) and ODM (Original Design Manufacturing) in the IT field.  The product portfolio of the company also includes, auto parts, dual-mode electric vehicles, pure-electric vehicles, various fuel cars, etc. BYD announced a joint venture with Toyota in November 2019, for battery electric vehicle research and development.

 

TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. DEVELOPMENT OF ELECTRIC VEHICLE
    2. BENEFITS & LIMITATIONS OF ELECTRIC VEHICLES
    3. MARKET DEFINITION
    4.    KEY DRIVERS
      1. DEGRADATION OF CLIMATE DUE TO TRANSPORTATION INDUSTRY
      2. EASY AVAILABILITY AND LOW COST OF LI-ON BATTERIES
      3. GOVERNMENT INITIATIVES ENCOURAGING THE USE OF ELECTRIC VEHICLES
      4. HIGH ALLOCATION EXPENDITURE TOWARDS RESEARCH AND INNOVATION
    5.    KEY RESTRAINTS
      1. POOR INFRASTRUCTURE FOR CHARGING OF ELECTRIC VEHICLES
      2. RELATIVELY HIGHER COST OF ELECTRIC VEHICLES
  4. KEY ANALYTICS
    1. KEY INVESTMENT INSIGHTS
    2.    PORTER’S FIVE FORCE ANALYSIS
      1. BUYER POWER
      2. SUPPLIER POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. OPPORTUNITY MATRIX
    4. VENDOR LANDSCAPE
    5.    VALUE CHAIN ANALYSIS
      1. DEMAND FORECAST AND RESEARCH & DEVELOPMENT
      2. PRODUCTION PROGRAMMING, SCHEDULING, AND SUPPLIERS SCHEDULING
      3. INBOUND LOGISTICS & PRODUCTION
      4. OUTBOUND LOGISTICS
      5. DEALERS/DISTRIBUTORS
      6. END USERS/CUSTOMERS
    6. KEY BUYING CRITERIA
    7. REGULATORY FRAMEWORK
  5. MARKET BY TECHNOLOGY
    1. BATTERY ELECTRIC VEHICLE
    2. HYBRID ELECTRIC VEHICLE
    3. PLUG-IN HYBRID ELECTRIC VEHICLE
  6. MARKET BY VEHICLE TYPE
    1. TWO-WHEELER
    2. PASSENGER CAR
    3.    COMMERCIAL VEHICLE
      1.    HEAVY COMMERCIAL VEHICLES
        1. BUSES
        2. TRUCKS
      2. OTHER COMMERCIAL VEHICLES
  7. GEOGRAPHICAL ANALYSIS
    1.    ASIA PACIFIC
      1. CHINA
      2. JAPAN
      3. INDIA
      4. SOUTH KOREA
      5. INDONESIA
      6. THAILAND
      7. VIETNAM
      8. AUSTRALIA & NEW ZEALAND
      9. REST OF ASIA PACIFIC
  8. COMPANY PROFILES
    1. BMW GROUP
    2. BYD COMPANY LTD
    3. DAIMLER AG
    4. FIAT CHRYSLER AUTOMOBILES GROUP (MERGER BETWEEN CHRYSLER AND FIAT)
    5. FORD MOTOR COMPANY
    6. GENERAL MOTORS COMPANY
    7. GROUPE PSA
    8. HONDA MOTOR COMPANY
    9. HYUNDAI MOTOR
    10. MITSUBISHI
    11. NISSAN MOTOR COMPANY LTD
    12. TESLA INC
    13. TOYOTA INDUSTRIES CORPORATION
    14. VOLKSWAGEN GROUP
    15. ZHEJIANG GEELY HOLDING GROUP
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ELECTRIC VEHICLE

TABLE 2: BENEFITS & LIMITATIONS OF ELECTRIC VEHICLE

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY TECHNOLOGY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 6: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 8: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 10: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY HEAVY COMMERCIAL VEHICLE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY HEAVY COMMERCIAL VEHICLE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 12: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: DEVELOPMENT OF ELECTRIC VEHICLE MARKET

FIGURE 2: LITHIUM-ION BATTERY PRICE PER KWH (2010-2018)

FIGURE 3: KEY INVESTMENT INSIGHTS

FIGURE 4: PORTER’S FIVE FORCE ANALYSIS

FIGURE 5: OPPORTUNITY MATRIX

FIGURE 6: VENDOR LANDSCAPE

FIGURE 7: VALUE CHAIN ANALYSIS

FIGURE 8: KEY BUYING CRITERIA

FIGURE 9: ASIA PACIFIC ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019

FIGURE 10: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY BATTERY ELECTRIC VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY HYBRID ELECTRIC VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY PLUG-IN HYBRID ELECTRIC VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2019

FIGURE 14: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY TWO-WHEELER, 2020-2028 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY PASSENGER CAR, 2020-2028 (IN $ MILLION)

FIGURE 16: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY COMMERCIAL VEHICLE, IN 2019

FIGURE 18: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY HEAVY COMMERCIAL VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 19: ASIA PACIFIC ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY HEAVY COMMERCIAL VEHICLE, IN 2019

FIGURE 20: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY BUSES, 2020-2028 (IN $ MILLION)

FIGURE 21: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY TRUCKS, 2020-2028 (IN $ MILLION)

FIGURE 22: ASIA PACIFIC ELECTRIC VEHICLE MARKET, BY OTHER COMMERCIAL VEHICLES, 2020-2028 (IN $ MILLION)

FIGURE 23: ASIA PACIFIC ELECTRIC VEHICLE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 24: CHINA ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: JAPAN ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 26: INDIA ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 27: SOUTH KOREA ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 28: INDONESIA ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 29: THAILAND ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 30: VIETNAM ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 31: AUSTRALIA & NEW ZEALAND ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 32: REST OF ASIA PACIFIC ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

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