Vehicle Electrification Market: Recent Industry Trends, Analysis & Forecast 2022

Global Vehicle Electrification Market Research Report- Forecast 2022
Global Vehicle Electrification Market, by product (electric power steering, electric air conditioner and others), By Application (residential, non-residential, industrial and others) – Forecast 2016-2022

Market Scenario:

Lower maintenance cost and increased vehicle efficiency are increasing the demand for electrical vehicle. Recent trends shows that Vehicle electrification generates new opportunities for consumer engagement along with various environmental and economic benefits such as reduce fuel dependency and highly energy efficient vehicles. Growing demand for fuel efficient vehicles, along with growth in sales of electric vehicle are expected to fuel the growth of vehicle electrification market. Moreover, Factors such as advance battery system, high investment in electrically propelled vehicle are some of the factors moving them towards adoption of Electrified vehicle. Additionally, Government also offers different subsidies and also encourages to produce energy efficient cars. Whereas fluctuating prices, time consuming factors such as charging time and infrastructural support hampering the growth of the market.

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Key Players:

  • Robert Bosch GmbH
  • Continental AG
  • ZF Friedrichshafen AG
  • Denso Corporation
  • JTEKT Corporation
  • Nexteer Automotive
  • TRW Automotive Holdings Corp
  • Mitsubishi Electric Corporation

Brief TOC:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain of Global Vehicle Electrification Market

Continue…

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Regional Analysis:

Vehicle electrification market is highest growing market in North America. The sales of electric vehicles in U.S. is increasing due to factors such as stringent emission norms and subsidiaries offered by government for electric vehicles. Additionally advanced battery manufacturing industry and lithium-ion battery cells expected to be core technology for electric cars. The Asia-Pacific vehicle electrification market is expected to growth in countries such as India and China, The growing demand for electric vehicles, the growing demand for fuel efficient vehicles and the increasing number of vehicle manufacturing facilities and low cost of production in these countries shows significant growth. 

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