e-SUVs Market Size, Share, Forecast, & Trends Analysis by Propulsion, Size, Power Output, Geography

Description

List of Tables

eSUVs Market by Propulsion (Battery Electric SUV, Hybrid SUV), Size (Compact SUV, Mid-Size SUV, Full-Size SUV), Power Output (Less Than 150 KW, 150 KW to 250 KW, more than 250 KW), Geography-Global Forecast to 2031

The research report titled, 'eSUVs Market by Propulsion (Battery Electric SUV, Hybrid SUV), Size (Compact SUV, Mid-Size SUV, Full-Size SUV), Power Output (Less Than 150 KW, 150 KW to 250 KW, more than 250 KW), Geography-Global Forecast to 2031', provides an in-depth analysis of the eSUVs market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The eSUVs market is projected to reach $914.2 billion by 2031, at a CAGR of 16.2% from 2024 to 2031.

Stringent regulations for emissions and fuel economy standards worldwide, rapid development and adoption of small and compact SUVs, and supportive government policies and regulations are factors driving the growth of the eSUVs market. However, market growth is restrained by the high cost of eSUVs. In addition, increasing investment in eSUVs by leading automotive OEMs provides considerable potential opportunities for market players. The lack of charging infrastructure in developing countries poses a significant challenge to the market growth.

The eSUVs market is segmented based on propulsion type (battery SUVs, hybrid SUVs), size (compact SUV, mid-size SUV, full-size SUV), and power output (less than 150 KW, 150 KW to 250 KW, more than 250 KW). The study also evaluates industry competitors and analyses the market at the regional and country levels.

Based on propulsion type, the eSUVs market is segmented into battery SUVs and hybrid SUVs. In 2024, the battery electric SUV segment is expected to account for the largest share of above 64.0% of the eSUVs market. The large market share of this segment is attributed to the increased consumer demand for BEV, increasing awareness about climate change and air pollution across the world, improvement in battery technology, increasing charging infrastructure, and increased focus of automakers to develop innovative battery electric SUVs. However, the hybrid SUV segment is expected to grow at the highest CAGR during the forecast period.

Based on size, the eSUVs market is segmented into compact SUVs, mid-size SUVs, and full-size SUVs. In 2024, the mid-size SUVs segment is expected to account for the largest share of above 42.0% of the eSUVs market. Increased consumer preference for mid-size SUVs, higher fuel efficiency, and more suitable for city driving and parking than full-size SUVs are factors contributing to the segment's dominant position in the eSUVs market. However, the compact SUV segment is slated to register the highest CAGR during the forecast period.

Based on power output, the eSUVs market is segmented into less than 150 KW, 150 KW to 250 KW, and More than 250 KW. In 2024, the 150 KW to 250 KW segment is expected to account for the largest share of above 53.0% of the eSUVs market. Increased adoption of eSUVs, growing charging infrastructure, and government policies, incentives, and subsidies for the adoption of electric vehicles are factors contributing to the segment's dominant position in the eSUVs market. Moreover, the 150 KW to 250 KW segment is expected to grow at the highest CAGR during the forecast period.

Based on geography, the eSUVs market is segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of above 56.0% of the eSUVs market. Government subsidies, tax incentives, and regulations to support the development and adoption of EVs, growing environmental awareness, increased adoption of electric vehicles, and rising consumer preference for fuel-efficient vehicles are factors contributing to the region's dominant position in the eSUVs market. Moreover, Asia-Pacific is expected to register the highest CAGR of above 19.0% during the forecast period.

The eSUVs market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the eSUVs market are Tesla Inc. (U.S.), Toyota Motor Corporation (Japan), Honda Motor Co., Ltd. ( Japan), BYD Company Ltd. (China), Ford Motor Company (U.S.), Hyundai Motor Company (South Korea), Mercedes-Benz (Germany), Nissan Motor Corporation (Japan), Volkswagen AG (Germany), AB Volvo (Sweden), Kia Corporation (South Korea), and BMW (Germany).

Key questions answered in the report-

Which are the high-growth market segments based on type, size, and power output?
What was the historical market for eSUVs?
What are the market forecasts and estimates for the period 2024-2031?
What are the major drivers, restraints, and opportunities in the eSUVs market?
Who are the major players, and what shares do they hold in the eSUVs market?
What is the competitive landscape like in the eSUVs market?
What are the recent developments in the eSUVs market?
What are the different strategies adopted by the major players in the eSUVs market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the eSUVs market, and how do they compete with the other players?

Scope of the report:

eSUVs Market Assessment-by Propulsion Type

Battery Electric SUV
Hybrid SUV

eSUVs Market Assessment-by Size

Compact SUV
Mid-size SUV
Full-size SUV

eSUVs Market Assessment-by Power Output

Less Than 150 KW
150 KW to 250 KW
More than 250 KW

eSUVS Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Switzerland
- Netherlands
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- UAE
- Israel
- Rest of Middle East & Africa

Product Code: MRAUTO - 1041275

1. Introduction

1.1. Market Definition
1.2. Currency & Limitations
- 1.2.1. Currency
- 1.2.2. Limitations

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection and Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumption for the Study

3. Executive Summary

3.1. Market Overview
3.2. Market Analysis, by Propulsion Type
3.3. Market Analysis, by Size
3.4. Market Analysis, by Power Output
3.5. Market Analysis, by Geography
3.6. Competitive Analysis

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Drivers
  - 4.2.1.1. Stringent Emission Regulations and Fuel Economy Standards Worldwide
  - 4.2.1.2. Rapid Development and Adoption of small and compact SUVs
  - 4.2.1.3. Supportive Government Policies and Regulations
- 4.2.2. Restraints
  - 4.2.2.1. High Cost of e-SUVs
- 4.2.3. Opportunities
  - 4.2.3.1. Increasing Investment in e-SUVs
- 4.2.4. Challenges
  - 4.2.4.1. Lack of Charging Infrastructure in Developing Countries
4.3. Trends
4.4. Vendor Selection Criteria/Factors Affecting Buying Decision
4.5. Porter's Five Forces Analysis
4.6. Supply Chain Analysis

5. e-SUVs Market Assessment, by Propulsion Type

5.1. Overview
5.2. Battery Electric SUV
5.3. Hybrid SUV

6. e-SUVs Market Assessment, by Size

6.1. Overview
6.2. Compact SUV
6.3. Mid-size SUV
6.4. Full-size SUV

7. e-SUVs Market Assessment, by Power Output

7.1. Overview
7.2. Less Than 150 KW
7.3. 150 KW to 250 KW
7.4. More than 250 KW

8. e-SUVs Market Assessment, by Geography

8.1. North America
- 8.1.1. U.S.
- 8.1.2. Canada
8.2. Europe
- 8.2.1. Germany
- 8.2.2. U.K.
- 8.2.3. France
- 8.2.4. Italy
- 8.2.5. Spain
- 8.2.6. Switzerland
- 8.2.7. Netherlands
- 8.2.8. Rest of Europe
8.3. Asia-Pacific
- 8.3.1. Japan
- 8.3.2. China
- 8.3.3. India
- 8.3.4. South Korea
- 8.3.5. Singapore
- 8.3.6. Malaysia
- 8.3.7. Rest of Asia-Pacific
8.4. Latin America
- 8.4.1. Mexico
- 8.4.2. Brazil
- 8.4.3. Rest of Latin America
8.5. Middle East & Africa
- 8.5.1. UAE
- 8.5.2. Israel
- 8.5.3. Rest of Middle East & Africa

9. e-SUVs Market Assessment - Competitive Analysis

9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Dashboard
- 9.3.1. Industry Leaders
- 9.3.2. Market differentiators
- 9.3.3. Vanguards
- 9.3.4. Contemporary Stalwarts
9.4. Vendor Market Positioning
9.5. Market Share/Ranking by the Key Players

10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

10.1. Tesla Inc.
10.2. Toyota Motor Corporation
10.3. Honda Motor Co., Ltd.
10.4. BYD Company Ltd.
10.5. Ford Motor Company
10.6. Hyundai Motor Company
10.7. Mercedes-Benz
10.8. Nissan Motor Corporation
10.9. Volkswagen AG
10.10. AB Volvo
10.11. Kia Corporation
10.12. BMW

(Note: SWOT analysis of the top 5 companies will be provided)

11. Appendix

11.1. Available Customizations
11.2. Related Reports