Home / Press Release / Global Electric Vehicle Supply Chain Architecture Market is Expected to Grow a CAGR of 4.9% during the Forecast Period

Global Electric Vehicle Supply Chain Architecture Market is Expected to Grow a CAGR of 4.9% during the Forecast Period

The latest market report published by Credence Research, Inc. “Global Electric Vehicle Supply Chain Architecture Market: Growth, Future Prospects, and Competitive Analysis, 2015 - 2027”. The global electric vehicle supply chain architecture market generated revenue of around USD 21,295.0 million in 2020 and anticipated to grow at a CAGR of over 4.9% during the forecast period from 2021 to 2027 to reach around USD 29,604.5 million in 2027.

Browse the full report at  https://www.credenceresearch.com/report/electric-vehicle-supply-chain-architecture-market

Electric vehicles (EVs) are a growing part of the passenger vehicle industry due to improved technology, customer interest in reducing carbon footprints, and policy incentives. EV batteries are the key determinant of both the range and cost of the vehicle. Supply chains spreading across countries have added complexity to tracking international trade flows and calculating the value each country receives from a particular good.

Key Trends in Global Electric Vehicle Supply Chain Architecture Market

Growing Demand for Supply Chain Architecture of Electric Vehicles

Electric vehicle is becoming an increasingly important part of the automotive landscape which is a factor driving growth of the target market. The growing adoption of electric vehicles, the increasing change in supply chain architecture, and the rapid development of electric vehicle charging infrastructure are expected to maintain market growth in the next coming years. Increasing government initiatives and funding to promote the use of electric vehicles owing to harmful emissions is expected to support growth of the target market. Investments by prominent players and new developments in technologies of electric vehicles has created potential opportunities for major manufacturers and suppliers of the electric vehicle. According to the IEA Global Electric Vehicle Outlook of 2018, new registrations of EVs increased from 111,320 in 2013 to 750,490 in 2017, a 575 percent increase, though they accounted for only 0.8 percent of global vehicle sales in 2017.

Impact of COVID 19 on Electric Vehicle Supply Chain Architecture Market

Driven by the global pandemic, the electric vehicle supply chain architecture market will show significant growth. Due to the pandemic, the businesses have been shut down globally or partially which has a negative impact on the supply chain and product demand. The industry is facing unprecedented economic losses due to the disruption of supply chain of the major players operating in the target market. Distributors, suppliers, and retailers all have inventory in warehouses but cannot sell them due to restrictions, while manufacturers have to stop production in response to global lockdown.

Global Electric Vehicle Supply Chain Architecture Market by Battery Type Insights

Lithium-ion batteries, nickel-metal hydride batteries, lead-acid batteries, and solid-state batteries are the battery type of electric vehicle supply chain architecture market. In 2020, lithium-ion batteries segment accounted for the largest share of global electric vehicle supply chain architecture market.

Lithium-Ion Batteries Segment to Dominate the Global Electric Vehicle Supply Chain Architecture Market

Global Electric Vehicle Supply Chain Architecture Market by Vehicle Type Insights

Battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and fuel cell electric vehicles are the vehicle type of electric vehicle supply chain architecture market. In 2020, battery electric vehicle segment accounted for the largest share of global electric vehicle supply chain architecture market.

Battery Electric Vehicle Segment to Dominate the Global Electric Vehicle Supply Chain Architecture Market

Global Electric Vehicle Supply Chain Architecture Market by Sales Channel Insights

Based on sales channel, the global electric vehicle supply chain architecture market is segregated into original equipment manufacturer (OEM) and aftermarket. In 2020, aftermarket segment is accounted for a significant share in 2020 of the global electric vehicle supply chain architecture market.

Aftermarket Segment to Dominate the Global Electric Vehicle Supply Chain Architecture Market

Global Electric Vehicle Supply Chain Architecture Market by Regional Insights

The Asia Pacific market is accounted for the highest revenue share and is expected to dominate the global electric vehicle supply chain architecture market over the forecast period. This is attributed to growing demand for the Supply Chain Architecture in electric vehicles and the increasing collaboration among major players for market penetration North America electric vehicle supply chain architecture market is projected to register the considerable growth rate in the global market.

Global Electric Vehicle Supply Chain Architecture Market Competitive Landscape

Most prominent players in the global electric vehicle supply chain architecture market include Automotive Energy Supply Corporation (AESC), LG Chem, Panasonic, BYD Co., Ltd., Samsung SDI, Contemporary Amperex Technology Limited (CATL), BMW, Daimler, Fiat Chrysler, Ford, General Motors, Honda, Hyundai-Kia, and Others. The report covers very detailed profiles of these key players.

Market Segmentation

Global Electric Vehicle Supply Chain Architecture Market by Battery Type, 2015 - 2027

· Lithium-Ion Batteries

· Nickel-Metal Hydride Batteries

· Lead-Acid Batteries

· Solid-State Batteries

Global Electric Vehicle Supply Chain Architecture Market by Vehicle Type, 2015 - 2027

· Battery Electric Vehicles (BEVs)

· Plug-In Hybrid Electric Vehicles (PHEVs)

· Hybrid Electric Vehicles (HEVs)

· Fuel Cell Electric Vehicles

Global Electric Vehicle Supply Chain Architecture Market by Sales Channel, 2015 - 2027

· Original Equipment Manufacturer (OEM)

· Aftermarket

Global Electric Vehicle Supply Chain Architecture Market by Region, 2015 - 2027

· North America

· Europe

· Asia Pacific

· Latin America

· Middle East and Africa

Global Electric Vehicle Supply Chain Architecture Market: Key Players

· Automotive Energy Supply Corporation (AESC)

· LG Chem

· Panasonic

· BYD Co., Ltd.

· Samsung SDI

· Contemporary Amperex Technology Limited (CATL)

· BMW

· Daimler

· Fiat Chrysler

· Ford

· General Motors

· Honda

· Hyundai-Kia

· Others

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