Battery Electric Vehicles Market Size, & Forecast 2018-2026

Summary
Table Of Content

Rising environmental concerns are positively influencing the growth of the battery electric vehicle (BEV) market.

The global market for battery electric vehicles (BEVs) was valued at US$ 89.15 billion in 2017 and is expected to grow at a CAGR of 20.6% from 2018 to 2026. Oil supply constraints and rising environmental concerns have prompted automakers to design and develop alternative fuel vehicles.

This factor has positively influenced the BEV market’s growth. Because these vehicles emit no pollutants or greenhouse gases, their popularity has grown in recent years. Moreover, improvements in supporting infrastructure are another important factor contributing to the overall market growth of BEVs. Governments across various countries have been instrumental in providing support through incentive programs and taxes in order to drive the sales of BEVs.

Market Synopsis

The Lithium-ion Battery Segment Will Witness the Fastest Growth in the Coming Years

In terms of battery type, the lithium-ion battery segment is expected to register the fastest CAGR during the forecast period from 2018 to 2026. In recent years, li-ion batteries have emerged as the most preferred choice of batteries for BEV manufacturers.

Factors such as high charge retention capacity, low maintenance cost, and high energy density are some of the most prominent factors contributing to the lithium-ion battery segment’s growth. However, drawbacks in the form of high cost and safety concerns pertaining to overheating and overcharging remain for these batteries.

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Asia Pacific will continue to be the most profitable market for BEV manufacturers to invest in.

In terms of growth rate, the Asia Pacific market is expected to witness the fastest growth during the forecast period from 2018 to 2026. China is expected to play a crucial role in this growth. The country was the largest market for battery electric vehicles worldwide in 2017, and the adoption of BEVs in the country has been growing at a very rapid rate. Rising concerns related to energy security and incentives for the use of battery-powered vehicles are some of the most prominent factors aiding the battery-electric vehicle market’s growth in the region.

Report Scope by Segments

The report categorizes the market in terms of vehicle type, battery type, and geography.

Key players profiled in the report include General Motors Company, BYD Company Limited, Tesla, Renault-Nissan, Toyota, Kia Motors, Volkswagen, BMW, Hyundai, and Chevrolet.

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Key questions are answered in this report.

What was the global BEV market size in 2017, and what is the forecast for 2026?
What are the current trends in the BEV market?
What are the various valuable opportunities for the players in the market?
Which is the largest regional market for BEVs?
Which region is expected to have the fastest growth and why?
What are the future prospects for the BEV market?
What are the major drivers and restraints influencing the market’s growth?
What are the new innovations by the leading players?
What are the key strategies adopted by the leading players in the market?

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Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Battery Electric Vehicles (BEVs) Market
2.2 Global BEVs Market, By Vehicle Type
2.3 Global BEVs Market, By Battery Type

Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global BEVs Market Value, 2016 – 2026
3.2 Market Drivers
3.3 Market Challenges
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition, by Geography
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Battery Electric Vehicles (BEVs) Market Analysis, by Vehicle Type
4.1 Overview
4.2 Cars
4.3 Trucks
4.3 Buses
4.3 Motorcycles

Chapter 5 Global Battery Electric Vehicles (BEVs) Market Analysis, by Battery Type
5.1 Overview
5.2 Lithium ion (Li-ion) batteries
5.3 Lead Acid Batteries
5.4 Nickel Metal Hydride Batteries

Chapter 6 North America Battery Electric Vehicles (BEVs) Analysis, 2016 – 2026
6.1 Overview
6.2 North America BEVs Analysis, By Vehicle Type, 2016 – 2026
6.2.1 Market Analysis
6.3 North America BEVs Analysis, By Battery Type, 2016 – 2026
6.3.1 Market Analysis
6.4 North America Electric Vehicle Battery Analysis, By Country, 2016 – 2026
6.4.1 U.S.
6.4.2 Canada

Chapter 7 Europe Battery Electric Vehicles (BEVs) Analysis, 2016 – 2026
7.1 Overview
7.2 Europe Battery Electric Electric Vehicles (BEVs) Analysis, By Vehicle Type, 2016 – 2026
7.2.1 Market Analysis
7.3 Europe Battery Electric Electric Vehicles (BEVs) Analysis, By Battery Type, 2016 – 2026
7.3.1 Market Analysis
7.4 Europe Electric Vehicle Battery Analysis, By Country, 2016 – 2026
7.4.1 U.K.
7.4.2 Germany
7.4.3 France
7.4.4 Rest of Europe

Chapter 8 Asia Pacific Battery Electric Vehicles (BEVs) Analysis, 2016 – 2026
8.1 Overview
8.2 Asia Pacific BEVs Analysis, By Vehicle Type, 2016 – 2026
8.2.1 Market Analysis
8.3 Asia Pacific BEVs Analysis, By Battery Type, 2016 – 2026
8.3.1 Market Analysis
8.4 Asia Pacific Electric Vehicle Battery Analysis, By Country, 2016 – 2026
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Rest of Asia Pacific

Chapter 9 Rest of the World Battery Electric Vehicles (BEVs) Analysis, 2016 – 2026
9.1 Overview
9.2 Rest of the World Battery Electric Electric Vehicles (BEVs) Analysis, By Vehicle Type, 2016 – 2026
9.2.1 Market Analysis
9.3 Rest of the World Battery Electric Electric Vehicles (BEVs) Analysis, By Battery Type, 2016 – 2026
9.3.1 Market Analysis
9.4 Rest of the World Electric Vehicle Battery Analysis, By Region, 2016 – 2026
9.4.1 Latin America
9.4.2 Middle East & Africa

Chapter 10 Company Profiles
10.1 Tesla
10.2 Renault-Nissan
10.3 Toyota
10.4 Kia Motors
10.5 General Motors
10.10 Volkswagen
10.7 Hyundai
10.8 BMW
10.9 Chevrolet
10.10 BYD Company Limited

List of Figures

FIG. 1 Global Battery Electric Vehicles (BEVs) Market Segmentation
FIG. 2 Global BEVs Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global BEVs Market, By Vehicle Type, 2017 (US$ Bn)
FIG. 5 Global BEVs Market, By Battery Type, 2017 (US$ Bn)
FIG. 6 Global BEVs Market, By Geography, 2017 (US$ Bn)
FIG. 7 Global BEVs Market Value, 2016 – 2026, (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography
FIG. 9 Market Positioning of Key BEV Manufacturers, 2017
FIG. 10 Global BEVs Market Value Contribution, By Vehicle Type, 2017 & 2026 (%)
FIG. 11 Global BEVs Market Value from Cars, 2016 – 2026, (US$ Bn)
FIG. 12 Global BEVs Market Value from Trucks, 2016 – 2026, (US$ Bn)
FIG. 13 Global BEVs Market Value from Buses, 2016 – 2026, (US$ Bn)
FIG. 14 Global BEVs Market Value from Motorcycles, 2016 – 2026, (US$ Bn)
FIG. 15 Global BEVs Market Value Contribution, By Battery Type, 2017 & 2026 (%)
FIG. 16 Global BEVs Market Value from Li-ion Battery, 2016 – 2026, (US$ Bn)
FIG. 17 Global BEVs Market Value from Lead Acid Battery, 2016 – 2026, (US$ Bn)
FIG. 18 Global BEVs Market Value from Nickel Metal Hydride Battery, 2016 – 2026, (US$ Bn)
FIG. 19 North America BEVs Market Value, 2016 – 2026, (US$ Bn)
FIG. 20 Europe BEVs Market Value, 2016 – 2026, (US$ Bn)
FIG. 21 Asia Pacific BEVs Market Value, 2016 – 2026, (US$ Bn)
FIG. 22 RoW BEVs Market Value, 2016 – 2026, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Battery Electric Vehicles (BEVs) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America BEVs Market Value, By Vehicle Type, 2016 – 2026 (US$ Bn)
TABLE 5 North America BEVs Market Value, By Battery Type, 2016 – 2026 (US$ Bn)
TABLE 6 North America BEVs Market Value, By Country, 2016 – 2026 (US$ Bn)
TABLE 7 Europe BEVs Market Value, By Vehicle Type, 2016 – 2026 (US$ Bn)
TABLE 8 Europe BEVs Market Value, By Battery Type, 2016 – 2026 (US$ Bn)
TABLE 9 Europe BEVs Market Value, By Region/Country, 2016 – 2026 (US$ Bn)
TABLE 10 Asia Pacific BEVs Market Value, By Vehicle Type, 2016 – 2026 (US$ Bn)
TABLE 11 Asia Pacific BEVs Market Value, By Battery Type, 2016 – 2026 (US$ Bn)
TABLE 12 Asia Pacific BEVs Market Value, By Region/Country, 2016 – 2026 (US$ Bn)
TABLE 13 RoW BEVs Market Value, By Vehicle Type, 2016 – 2026 (US$ Bn)
TABLE 14 RoW BEVs Market Value, By Battery Type, 2016 – 2026 (US$ Bn)
TABLE 15 RoW BEVs Market Value, By Region, 2016 – 2026 (US$ Bn)
TABLE 16 General Motor Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 17 BYD Company Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 18 Tesla: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 19 Renault-Nissan: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 20 Toyota: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 21 Kia Motors: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 22 Volkswagen: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 23 BMW: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 24 Hyundai: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 25 Chevrolet: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

Frequently Asked Question:

What is the size of Battery Electric Vehicles Market?

The market for Battery Electric Vehicles Market is expected to reach USD$ 89.15 Bn in 2026.

What is the Battery Electric Vehicles Market CAGR?

The Battery Electric Vehicles Market is expected to see significant CAGR growth over the coming years, at 20.6%.

What is the Forecast period considered for Battery Electric Vehicles Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Battery Electric Vehicles Market?

The base year of this report is 2017.

Who are the major players in this market?

Motors Company, BYD Company Limited, Tesla, Renault-Nissan, Toyota, Kia Motors, Volkswagen, BMW, Hyundai, and Chevrolet. are some of the major players in the global market.

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