Asia Pacific Electric Vehicles Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

  • Product Code:
    RP-ID-10078063
  • Published Date:
    Mar 2019
  • Region:
    Global
  • Pages:
    82
  • Category:
    Service Industry
  • Publisher:
    Infoholic Research
Asia Pacific Electric Vehicles Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023
Overview:
Over the past few years, the usage of electric vehicles has become a new trend in the APAC transportation industry. The higher adoption rates of smart mobility services, government regulations, increasing fuel prices, and growing trend toward adopting non-fossil fuel-based vehicles are supporting the growth of electric vehicles. Further, the integrated mobility and ride-sharing services are improving the acceptance of electric vehicles in this region.
Market Revenue and Segmentation Analysis:
The Asia Pacific electric vehicles market revenue is estimated to be $30.11 billion in 2017 and is expected to reach $144.62 billion by 2023, growing at a CAGR of 29.9% during the forecast period 2017–2023.
The propulsion types include battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and others. BEVs are highly demanded across the region owing to the cost-effectiveness of the vehicles, and the segment is expected to grow at a higher CAGR during the forecast period. PHEVs are slowly being adopted by Asian countries due to the huge initial investments as the vehicle supports both plug-in electric energy and fuel-based electrical energy input.

The vehicle types include two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and buses. The two-wheelers and three-wheelers markets in Asia are the largest in the world and it is growing owing to the growing personal vehicles ownership. The four-wheelers electric vehicles market is the largest in China followed by Japan, South Korea, and others. The adoption rate of commercial EVs is relatively less in APAC when compared to Europe and the Americas due to high vehicle costs and the lack of public charging facilities. The four-wheelers market is expected to account for over 48% of the total value of electric vehicles sold in APAC in 2017, and it is anticipated to grow at a higher CAGR during the forecast period 2017–2023.

The component types include EV battery, charging equipment, motor controllers, electric engine, and others. The EV battery market is largely dominated by Chinese players, and it is expected that the Chinese battery manufacturers account for over 80% of the EV batteries sold in Asia Pacific across all vehicle types. The motor controller and charging equipment are witnessing a huge potential for the electric vehicles sales in APAC. The charging equipment is segmented into AC and DC charging equipment. The AC equipment is largely dominated by the personal vehicle consumers, and DC fast charging equipment is expected to be used across the commercial vehicle and personal car users.

Regions Analysis:
The countries covered in the report are China, Japan, South Korea, India, Australia, New Zealand, and others. China is expected to grow at a higher CAGR during the forecast period 2017–2023. India and South Korea are expected to grow at a higher rate post-2021 due to the regulatory push and incentives from regional governments.
Benefits and Vendors
The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Next-generation electric vehicles are expected to change the shape of Asia Pacific automobile industries by 2025 with a wide range of product offerings. Toyota Motor Corporation, Siemens AG, Ford Motor Company, Robert Bosch GmbH, Cisco Systems, Inc., GLM Corporation, BYTON, Emflux Motors, NIO (NextEV), and Tork Motors are few of the companies profiled in the report.
The study offers a comprehensive analysis of the “Asia Pacific electric vehicles” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for companies to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.
Table of Contents
1 Industry Outlook 9
1.1 Industry Overview 9
1.2 Industry Trends 10
1.3 PEST Analysis 11
2 Report Outline 12
2.1 Report Scope 12
2.2 Report Summary 13
2.3 Research Methodology 14
2.4 Report Assumptions 15
3 Market Snapshot 16
3.1 Total Addressable Market 16
3.2 Segmented Addressable Market 16
4 Market Outlook 18
4.1 Overview 18
4.2 Market Trends 19
4.3 Market Segmentation 20
4.4 Porter 5 (Five) Forces 21
5 Market Characteristics 22
5.1 Evolution 22
5.2 Ecosystem 23
5.3 Market Dynamics 24
5.3.1 Drivers 24
5.3.1.1 Growing demand for eco-friendly transit 24
5.3.1.2 Improving the EV chargers market ecosystem 24
5.3.1.3 Improving focus towards renewable energy 25
5.3.2 Opportunities 25
5.3.2.1 Growing demand for renewable energy 25
5.3.2.2 Increasing demand for smart grid 25
5.3.3 Restraints 25
5.3.3.1 Technological challenges 25
5.3.3.2 Reduction in the employability 25
5.4 DRO – Impact Analysis 26
6 Propulsion type: Market Size and Analysis 27
6.1 Overview 27
6.2 Battery electric vehicle 28
6.3 Plug-in hybrid electric vehicle 28
6.4 Others 29
7 Vehicle Types: Market Size and Analysis 31
7.1 Overview 31
7.2 Two-wheelers 31
7.3 Three-wheelers 32
7.4 Four-wheelers 33
7.5 Commercial vehicles and public transport 34
8 Component Type: Market Size and Analysis 35
8.1 Overview 35
8.2 EV Battery 36
8.3 Charging equipment 36
8.3.1 AC Charging 37
8.3.2 DC fast Charging 37
8.4 Motor Controller 38
8.5 Electric Engine 38
9 APAC: Market Size and Analysis 40
9.1 Overview 40
9.2 China 41
9.3 Japan 43
9.4 South Korea 44
9.5 India 46
9.6 Australia 48
9.7 New Zealand 49
10 Vendor Profiles 52
10.1 Toyota Motor Corporation 52
10.1.1 Overview 52
10.1.2 Business Unit 53
10.1.3 Geographic Revenue 54
10.1.4 Business Focus 54
10.1.5 SWOT Analysis 55
10.1.6 Business Strategy 55
10.2 Siemens AG 56
10.2.1 Overview 56
10.2.2 Business Units 57
10.2.3 Geographic Revenue 58
10.2.4 Business Focus 59
10.2.5 SWOT Analysis 60
10.2.6 Business Strategies 60
10.3 Ford Motor Company 62
10.3.1 Overview 62
10.3.2 Business Units 63
10.3.3 Geographic Revenue 63
10.3.4 Business Focus 64
10.3.5 SWOT Analysis 65
10.3.6 Business Strategy 65
10.4 Robert Bosch GmbH 67
10.4.1 Overview 67
10.4.2 Business Units 67
10.4.3 Geographic Revenue 70
10.4.4 Business Focus 70
10.4.5 SWOT Analysis 70
10.4.6 Business Strategy 71
10.5 Cisco Systems, Inc. 72
10.5.1 Overview 72
10.5.2 Business units 73
10.5.3 Geographic revenue 74
10.5.4 Business focus 74
10.5.5 SWOT analysis 75
10.5.6 Business strategies 75
11 Companies to Watch For 76
11.1 GLM Co., Ltd. (GLM Corporation) 76
11.1.1 Overview 76
11.1.2 Offerings: 76
11.2 BYTON 76
11.2.1 Overview 76
11.2.2 Offerings: 76
11.3 Emflux Motors 77
11.3.1 Overview 77
11.3.2 Offerings: 77
11.4 NIO (NextEV) 77
11.4.1 Overview 77
11.4.2 Offerings: 77
11.5 Torkmotors 78
11.5.1 Overview 78
11.5.2 Offerings: 78
12 Competitive Landscape 79
12.1 Competitor Comparison Analysis 79
Annexure 80
 Abbreviations 80

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Toyota Motor Corporation, Siemens AG, Ford Motor Company, Robert Bosch GmbH, Cisco Systems, Inc., GLM Corporation, BYTON, Emflux Motors, NIO (NextEV), and Tork Motors
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