Electric Vehicle Market in China 2024-2028

Description

List of Tables

The electric vehicle market in china is forecasted to grow by USD 421.9 bn during 2023-2028, accelerating at a CAGR of 20.44% during the forecast period. The report on the electric vehicle market in china provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for fuel-efficient and low-emission vehicles, increasing government initiatives in manufacturing electric vehicles, and rise in technological advancements in electric vehicles.

Technavio's electric vehicle market in china is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	16.44%
CAGR	20.44%
Incremental Value	$421.9 bn

By Type

Passenger vehicles
Commercial vehicles

By Technology

BEV
PHEV

By Geographical Landscape

APAC

This study identifies the increasing integration of renewable energy for electric vehicle (EV) charging as one of the prime reasons driving the electric vehicle market in china growth during the next few years. Also, increasing average miles driven by electric vehicles (EVS) on a single charge and growing number of mergers and acquisitions in market in focus will lead to sizable demand in the market.

The report on the electric vehicle market in china covers the following areas:

Electric vehicle market in china sizing
Electric vehicle market in china forecast
Electric vehicle market in china industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle market in china vendors that include AB Volvo, BAIC Group, Brilliance China Automotive Holdings Ltd., BYD Co. Ltd., Chery Automobile Co. Ltd., China FAW Group Co. Ltd., Chongqing Changan Automobile Co. Ltd., 140, Great Wall Motor Co. Ltd., Guangzhou Automobile Group Co. Ltd, Hyundai Motor Co., Nissan Motor Co. Ltd., SAIC Motor Corp. Ltd., Tesla Inc., Toyota Motor Corp., Xiamen King Long United Automotive Industry Co. Ltd., Zhejiang Geely Holding Group Co. Ltd., Zhengzhou Yutong Group Co. Ltd., Zhongtong Bus, and Zotye Holding Group Co. Ltd.. Also, the electric vehicle market in china analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR76345

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China: Year-over-year growth 2023-2028 (%)
- Data Table on China: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Electric Vehicle Market in China 2018 - 2022
- Historic Market Size - Data Table on Electric Vehicle Market in China 2018 - 2022 ($ billion)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 Technology segment analysis 2018 - 2022
- Historic Market Size - Technology Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 Passenger vehicles - Market size and forecast 2023-2028
- Chart on Passenger vehicles - Market size and forecast 2023-2028 ($ billion)
- Data Table on Passenger vehicles - Market size and forecast 2023-2028 ($ billion)
- Chart on Passenger vehicles - Year-over-year growth 2023-2028 (%)
- Data Table on Passenger vehicles - Year-over-year growth 2023-2028 (%)
6.4 Commercial vehicles - Market size and forecast 2023-2028
- Chart on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
- Data Table on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
- Chart on Commercial vehicles - Year-over-year growth 2023-2028 (%)
- Data Table on Commercial vehicles - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Technology

7.1 Market segments
- Chart on Technology - Market share 2023-2028 (%)
- Data Table on Technology - Market share 2023-2028 (%)
7.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
7.3 BEV - Market size and forecast 2023-2028
- Chart on BEV - Market size and forecast 2023-2028 ($ billion)
- Data Table on BEV - Market size and forecast 2023-2028 ($ billion)
- Chart on BEV - Year-over-year growth 2023-2028 (%)
- Data Table on BEV - Year-over-year growth 2023-2028 (%)
7.4 PHEV - Market size and forecast 2023-2028
- Chart on PHEV - Market size and forecast 2023-2028 ($ billion)
- Data Table on PHEV - Market size and forecast 2023-2028 ($ billion)
- Chart on PHEV - Year-over-year growth 2023-2028 (%)
- Data Table on PHEV - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Technology
- Market opportunity by Technology ($ billion)
- Data Table on Market opportunity by Technology ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview
10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
- Overview on factors of disruption
10.4 Industry risks
- Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled
- Companies covered
11.2 Market positioning of companies
- Matrix on companies position and classification
11.3 AB Volvo
- AB Volvo - Overview
- AB Volvo - Business segments
- AB Volvo - Key news
- AB Volvo - Key offerings
- AB Volvo - Segment focus
11.4 BAIC Group
- BAIC Group - Overview
- BAIC Group - Product / Service
- BAIC Group - Key offerings
11.5 Brilliance China Automotive Holdings Ltd.
- Brilliance China Automotive Holdings Ltd. - Overview
- Brilliance China Automotive Holdings Ltd. - Product / Service
- Brilliance China Automotive Holdings Ltd. - Key offerings
11.6 BYD Co. Ltd.
- BYD Co. Ltd. - Overview
- BYD Co. Ltd. - Business segments
- BYD Co. Ltd. - Key news
- BYD Co. Ltd. - Key offerings
- BYD Co. Ltd. - Segment focus
11.7 Chery Automobile Co. Ltd.
- Chery Automobile Co. Ltd. - Overview
- Chery Automobile Co. Ltd. - Product / Service
- Chery Automobile Co. Ltd. - Key offerings
11.8 China FAW Group Co. Ltd.
- China FAW Group Co. Ltd. - Overview
- China FAW Group Co. Ltd. - Product / Service
- China FAW Group Co. Ltd. - Key offerings
11.9 Chongqing Changan Automobile Co. Ltd.
- Chongqing Changan Automobile Co. Ltd. - Overview
- Chongqing Changan Automobile Co. Ltd. - Product / Service
- Chongqing Changan Automobile Co. Ltd. - Key offerings
11.10 Dongfeng Motor Group Co. Ltd.
- Dongfeng Motor Group Co. Ltd. - Overview
- Dongfeng Motor Group Co. Ltd. - Business segments
- Dongfeng Motor Group Co. Ltd. - Key offerings
- Dongfeng Motor Group Co. Ltd. - Segment focus
11.11 Great Wall Motor Co. Ltd.
- Great Wall Motor Co. Ltd. - Overview
- Great Wall Motor Co. Ltd. - Product / Service
- Great Wall Motor Co. Ltd. - Key offerings
11.12 Guangzhou Automobile Group Co. Ltd
- Guangzhou Automobile Group Co. Ltd - Overview
- Guangzhou Automobile Group Co. Ltd - Product / Service
- Guangzhou Automobile Group Co. Ltd - Key offerings
11.13 SAIC Motor Corp. Ltd.
- SAIC Motor Corp. Ltd. - Overview
- SAIC Motor Corp. Ltd. - Business segments
- SAIC Motor Corp. Ltd. - Key offerings
- SAIC Motor Corp. Ltd. - Segment focus
11.14 Zhejiang Geely Holding Group Co. Ltd.
- Zhejiang Geely Holding Group Co. Ltd. - Overview
- Zhejiang Geely Holding Group Co. Ltd. - Product / Service
- Zhejiang Geely Holding Group Co. Ltd. - Key offerings
11.15 Zhengzhou Yutong Group Co. Ltd.
- Zhengzhou Yutong Group Co. Ltd. - Overview
- Zhengzhou Yutong Group Co. Ltd. - Product / Service
- Zhengzhou Yutong Group Co. Ltd. - Key offerings
11.16 Zhongtong Bus Holding Co. Ltd.
- Zhongtong Bus Holding Co. Ltd. - Overview
- Zhongtong Bus Holding Co. Ltd. - Product / Service
- Zhongtong Bus Holding Co. Ltd. - Key offerings
11.17 Zotye Holding Group Co. Ltd.
- Zotye Holding Group Co. Ltd. - Overview
- Zotye Holding Group Co. Ltd. - Product / Service
- Zotye Holding Group Co. Ltd. - Key offerings

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
12.3 Currency conversion rates for US$
- Currency conversion rates for US$
12.4 Research methodology
- Research methodology
12.5 Data procurement
- Information sources
12.6 Data validation
- Data validation
12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
12.8 Data synthesis
- Data synthesis
12.9 360 degree market analysis
- 360 degree market analysis
12.10 List of abbreviations
- List of abbreviations