Vehicle Electrification Global Market Report 2024

Description

Vehicle electrification entails replacing traditional energy-powered vehicle components with electrically operated ones, facilitating vehicle propulsion through electricity.

The vehicle electrification market encompasses diverse product types, including starter motors, alternators, electric car motors, electric water pumps, electric oil pumps, electric vacuum pumps, electric fuel pumps, electric power steering systems, actuators, and start/stop systems. A starter motor is an electrical apparatus employed to initiate an internal combustion engine's operation independently. This technology finds application in a wide array of vehicle types, including internal combustion engine vehicles, micro and full hybrid vehicles, plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). These products are distributed through sales channels such as original equipment manufacturers (OEM) and the aftermarket.

The vehicle electrification market research report is one of a series of new reports from The Business Research Company that provides vehicle electrification market statistics, including vehicle electrification industry global market size, regional shares, competitors with a vehicle electrification market share, detailed vehicle electrification market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle electrification industry. This vehicle electrification market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The vehicle electrification market size has grown rapidly in recent years. It will grow from $84.04 billion in 2023 to $93.88 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth seen in the historical period was propelled by various pivotal factors. Notably, substantial investments in research and development (R&D) spurred innovation throughout the industry. The entry of major players into the market further fueled its expansion. Advances in charging infrastructure, alongside declining battery costs, played a crucial role in driving this growth trajectory. Moreover, heightened consumer awareness and a surging demand for these technologies significantly contributed to the market's expansion during this period.

The vehicle electrification market size is expected to see rapid growth in the next few years. It will grow to $143.56 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The projected growth in the forecast period is expected to stem from several key factors. Stringent emission regulations, along with government support and incentives, will continue to act as major drivers. Cost reductions in battery production and the ongoing expansion of charging infrastructure will further propel market expansion. Automaker commitment and substantial investments will also contribute significantly to this anticipated growth.

The vehicle electrification market is witnessing significant growth due to the surge in demand for hybrid vehicles. These vehicles, equipped with both internal combustion engines and electric motors, offer improved fuel economy and reduced emissions. The shift towards reducing emissions, coupled with rising income levels and a burgeoning young population, drives the demand for hybrids. In the US, hybrid vehicle sales surged by 76% in 2021, reaching 801,550 vehicles, while electric vehicle sales increased by 83% to 434,879 units, reflecting the market's upward trajectory. This escalating demand for hybrid vehicles is anticipated to power the vehicle electrification market further.

The vehicle electrification market is experiencing growth driven by the increasing urban population. Urban areas globally are witnessing a surge in residents, with cities becoming hubs of economic and social activities. For example, in the US, about 83.3% of the population resides in urban areas, and the annual urbanization rate is anticipated to be 0.96% from 2020 to 2025. Similarly, the UK's urban population stands at 84.6%, with an expected urbanization rate of 0.8% over the same period. As cities grow, vehicle electrification becomes pivotal, promoting sustainability and technological advancement in these densely populated areas.

The vehicle electrification market is witnessing a surge in technological advancements, driving innovation among major companies. ABB, a Switzerland-based automation company, unveiled Terra 360 in September 2021-a groundbreaking electric car charger that can simultaneously charge four vehicles. With dynamic power distribution, it can deliver 100km of range in under three minutes, catering to urban charging stations, refueling stations, and fleet applications. Its customizable features, allowing personalization through different foiling and LED light strips, mark a significant advancement in the market.

Companies within the vehicle electrification market are strategically focusing on innovative product development, notably in areas such as specialized EV tires, to enhance profitability. For instance, in August 2032, Apollo Tyres-a prominent Indian tire manufacturer-unveiled its EV-specific tires, the Apollo Amperion series for electric passenger cars and the Apollo WAV range for electric two-wheelers. These tires, designed for vehicles such as the Tata Nexon and Hyundai Kona, integrate pioneering technologies such as "AQuT Tech" and "BEST Tech" to minimize noise and extend the battery range of electric vehicles through advanced low RR technology.

In June 2021, Ford Motor Company, a US-based automotive manufacturer, completed the acquisition of Electriphi, a provider of charging management software for electric vehicles. The move aims to propel Ford's advancement in cutting-edge charging and energy management solutions for both commercial and retail customers, positioning the company at the forefront of the electrification revolution in the automotive industry.

Major companies operating in the vehicle electrification market report are Volkswagen AG, Toyota Motor Corporation, Ford Motor Company, Mercedes-Benz Group AG, General Motors Company, Bayerische Motoren Werke AG, Hyundai Motor Company, Honda Motor Co. Ltd., Robert Bosch GmbH, Tesla Inc., Nissan Motor Co. Ltd., Kia Corporation, BYD Company Limited, Audi AG, Volvo Group AB, Denso Corporation, Continental AG, Magna International Inc., Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., Jaguar Land Rover Automotive PLC, BorgWarner Inc., Adient PLC, NIO Inc., Li Auto Inc., XPeng Inc., Rivian Automotive Inc., Delphi Technologies, Polestar AB, Lucid Motors Inc., Fisker Inc., Lordstown Motors Corp., Canoo Inc., Arrival Ltd., Proterra Inc., Faraday Future Inc., Rimac Automobili d.o.o.

Asia-Pacific was the largest region in the vehicle electrification market in 2023. The regions covered in the vehicle electrification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the vehicle electrification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The vehicle electrification market includes revenues earned by entities by light, medium, and heavy-duty vehicle electrification. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Vehicle Electrification Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on vehicle electrification market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Outperform competitors using forecast data and the drivers and trends shaping the market.
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Where is the largest and fastest growing market for vehicle electrification ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vehicle electrification market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Product Type: Starter Motor; Alternator; Electric Car Motors; Electric Water Pumps; Electric Oil Pump; Electric Vacuum Pump; Electric Fuel Pump; Electric Power Steering; Actuators; Start/Stop System
2) By Vehicle Type: Internal Combustion Engine Vehicle; Micro And Full Hybrid Vehicle; Plug-in Hybrid Electric Vehicle (PHEV) And Battery Electric Vehicle (BEV)
3) By Sales Channel: Original Equipment Manufacturers (OEM); Aftermarket
Companies Mentioned: Volkswagen AG; Toyota Motor Corporation; Ford Motor Company; Mercedes-Benz Group AG; General Motors Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r16110

1. Executive Summary

2. Vehicle Electrification Market Characteristics

3. Vehicle Electrification Market Trends And Strategies

4. Vehicle Electrification Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Vehicle Electrification Market Size and Growth

5.1. Global Vehicle Electrification Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Vehicle Electrification Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Vehicle Electrification Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Vehicle Electrification Market Segmentation

6.1. Global Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Starter Motor
Alternator
Electric Car Motors
Electric Water Pumps
Electric Oil Pump
Electric Vacuum Pump
Electric Fuel Pump
Electric Power Steering
Actuators
6.2. Global Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Internal Combustion Engine Vehicle
Micro And Full Hybrid Vehicle
Plug-in Hybrid Electric Vehicle (PHEV) And Battery Electric Vehicle (BEV)
6.3. Global Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Original Equipment Manufacturers (OEM)
Aftermarket

7. Vehicle Electrification Market Regional And Country Analysis

7.1. Global Vehicle Electrification Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Vehicle Electrification Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Vehicle Electrification Market

8.1. Asia-Pacific Vehicle Electrification Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Vehicle Electrification Market

9.1. China Vehicle Electrification Market Overview
9.2. China Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Vehicle Electrification Market

10.1. India Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Vehicle Electrification Market

11.1. Japan Vehicle Electrification Market Overview
11.2. Japan Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Vehicle Electrification Market

12.1. Australia Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Vehicle Electrification Market

13.1. Indonesia Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Vehicle Electrification Market

14.1. South Korea Vehicle Electrification Market Overview
14.2. South Korea Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Vehicle Electrification Market

15.1. Western Europe Vehicle Electrification Market Overview
15.2. Western Europe Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Vehicle Electrification Market

16.1. UK Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Vehicle Electrification Market

17.1. Germany Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Vehicle Electrification Market

18.1. France Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Vehicle Electrification Market

19.1. Italy Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Vehicle Electrification Market

20.1. Spain Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Vehicle Electrification Market

21.1. Eastern Europe Vehicle Electrification Market Overview
21.2. Eastern Europe Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Vehicle Electrification Market

22.1. Russia Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Vehicle Electrification Market

23.1. North America Vehicle Electrification Market Overview
23.2. North America Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Vehicle Electrification Market

24.1. USA Vehicle Electrification Market Overview
24.2. USA Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Vehicle Electrification Market

25.1. Canada Vehicle Electrification Market Overview
25.2. Canada Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Vehicle Electrification Market

26.1. South America Vehicle Electrification Market Overview
26.2. South America Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Vehicle Electrification Market

27.1. Brazil Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Vehicle Electrification Market

28.1. Middle East Vehicle Electrification Market Overview
28.2. Middle East Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Vehicle Electrification Market

29.1. Africa Vehicle Electrification Market Overview
29.2. Africa Vehicle Electrification Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Vehicle Electrification Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Vehicle Electrification Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Vehicle Electrification Market Competitive Landscape And Company Profiles

30.1. Vehicle Electrification Market Competitive Landscape
30.2. Vehicle Electrification Market Company Profiles
- 30.2.1. Volkswagen AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Toyota Motor Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Ford Motor Company
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Mercedes-Benz Group AG
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. General Motors Company
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Vehicle Electrification Market Other Major And Innovative Companies

31.1. Bayerische Motoren Werke AG
31.2. Hyundai Motor Company
31.3. Honda Motor Co. Ltd.
31.4. Robert Bosch GmbH
31.5. Tesla Inc.
31.6. Nissan Motor Co. Ltd.
31.7. Kia Corporation
31.8. BYD Company Limited
31.9. Audi AG
31.10. Volvo Group AB
31.11. Denso Corporation
31.12. Continental AG
31.13. Magna International Inc.
31.14. Mitsubishi Electric Corporation
31.15. Aisin Seiki Co. Ltd.

32. Global Vehicle Electrification Market Competitive Benchmarking

33. Global Vehicle Electrification Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Vehicle Electrification Market

35. Vehicle Electrification Market Future Outlook and Potential Analysis

35.1 Vehicle Electrification Market In 2028 - Countries Offering Most New Opportunities
35.2 Vehicle Electrification Market In 2028 - Segments Offering Most New Opportunities
35.3 Vehicle Electrification Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer