Electric Vehicle Market Soars $693.70 Billion by 2030

Posted 2023-11-29 05:58:41

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Vantage Market Research has recently published a research report titled, "Global Electric Vehicle Market Report, History and Forecast 2023-2030, Breakdown Data by Companies, Key Regions, Types and Application" assessing various factors impacting its trajectory. The global Electric Vehicle Market report offers a high-quality, accurate, and comprehensive research study to equip players with valuable insights for making strategic business choices.

Based on the findings of the report, the global demand for the Electric Vehicle Market was registered as USD 193.55 Billion in 2022, and it is expected that by 2030 the market demand will be USD 693.70 Billion. The expected growth rate for the market during the forecast period, i.e., from 2023 to 2030, is 17.3%.

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The research analysts have provided deep segmental analysis of the global Electric Vehicle Market on the basis of type, application, and geography. The vendor landscape is also shed light upon to inform readers about future changes in the market competition. As part of competitive analysis, the report includes detailed company profiling of top players of the global Electric Vehicle Market. Players can also use the value chain analysis and Porter's Five Forces analysis offered in the report for strengthening their position in the global Electric Vehicle Market.

Electric Vehicle Market by Top Manufacturers (2023-2030)

BMW Group (Germany), BYD Company Ltd. (China), Daimler AG (Germany), Honda Motor Co. Ltd. (Japan), Hyundai Motor Company (South Korea), Kia Corporation (South Korea), Nissan Motor Co. Ltd. (Japan), TATA Motors Limited (India), Mahindra & Mahindra Ltd. (India), Tesla Inc. (U.S.), Volkswagen AG (Germany), Toyota Motor Company (Japan), Mitsubishi Motors Corporation (Japan), Groupe Renault (France), Beijing Automotive Industry Corp. (BAIC) (China), SAIC Motor Corporation Limited (China), Geely Automobile Holdings Limited (China), Guangzhou Xiaopeng Motors Technology Company Ltd. (China), NIO Inc. (China) and others.

Leading players of the global Electric Vehicle Market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Electric Vehicle Market. Furthermore, the report offers two separate market forecasts - one for the production side and another for the consumption side of the global Electric Vehicle Market. It also provides useful recommendations for new as well as established players of the global Electric Vehicle Market.

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Top Report Findings

Market Forecasts: It includes reliable forecasts for the size and CAGR of the global Electric Vehicle Market.
Executive Summary: It provides an overview of the entire market research study and quick information on the global Electric Vehicle Industry.
Marketing Strategy Analysis: It includes thorough analysis of downstream customers, distributors, and sales channels.
Market Influence Factors Analysis: It includes Porter's Five Forces Analysis of the global Electric Vehicle Industry and an in-depth study on market risks, challenges, opportunities, and other dynamics.
Other Analysis: It provides industrial chain analysis, raw materials analysis, and manufacturing cost structure analysis of the global Electric Vehicle Market.
Forecast by Segment: It includes verified market size and CAGR forecasts for product and application segments of the global Electric Vehicle Market.
Outlook by Region: This section deals with the global Electric Vehicle Industry outlook by each region studied by the research analysts.
Major Companies: It includes deep company profiling of leading players in the global Electric Vehicle Industry based on market share, recent developments, technology, future plans, and key strategies.
Research Methodology: Here, the report gives a disclaimer and provides author details, data sources, and research approach used for the study on the global Electric Vehicle Market.
Recommendations: Players can use the recommendations provided in the report to increase their competitiveness in the global Electric Vehicle Market.
Appendix: It covers a disclaimer, author details, data sources, research approach, and research methodology.

Various factors are responsible for the Electric Vehicle Industry growth trajectory, which is studied at length in the report. In addition, the report lists the restraints that are posing a threat to the global Electric Vehicle Market. It also gauges the bargaining power of suppliers and buyers, the threat from new entrants and product substitutes, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analysed in detail in the report. It studies the Electric Vehicle Market trajectory between forecast periods.

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The key questions answered in this report: