Electric Mobility Market Synopsis

Electric Mobility Market Size Was Valued at USD 435.16 Billion in 2023, and is Projected to Reach USD 4582.80 Billion by 2032, Growing at a CAGR of 29.90% From 2024-2032.

The electric mobility refers to all type of transportation modes moved by electric propulsion system, which includes electric vehicle (EV), e-bike, e-scooters, electric bus, etc., in addition to charging infrastructure such as charging station and energy management system. This market is fast growing due to reaction to the need to minimize emission of green house gases, enhancing air quality, and reducing dependence on fossil energy sources. They include improvement in the battery technology, incentives by the government and change of attitude towards environmental conservation. The advancement in the market has brought predictions of deep cuts to global emissions and a transformation of the transport sector.

  •  Electric mobility has steadily become popular in the market over the past years due to the favorable polices, Advanced technology, and pro – environment efforts.. Cars, buses, motorcycles and scooters, batteries, charging points and many others forms part of this relatively new and rapidly growing sector. Some of the big names of auto manufacturers, tech giants and a couple of emerging players are among those who are seeking to capture a share of this fast growing market. The movement from the normal internal combustion engine automobiles to electrical counterparts that have also been shown to produce fewer green house gases is changing the automobile market.The market for electrical vehicles is rising given customer knowledge of global problems such as climate change and the effect of oil and thus they are willing to embrace new technology. This fast growing industry comprises electric cars, buses, motorcycles, bicycles, scooters, supporting technologies like batteries and charging stations, etc. Several established global players in the automotive industry and technology firms will be competing with a few new emerging start-ups to secure their share of this emerging high-growth market. Society is shifting from using conventional internal combustion engine vehicles to electric ones, which for the same reasons, considerably decrease the emission of greenhouse gases, and thus changing the automobile industry.
  • People are increasingly opting to purchase electric cars because of awareness on the impact of climate change and effect of fossil based vehicles. In every country of the world, governments are passing ever stricter anti-pollution measures and offering incentives to switch to electric automobile. These incentive policies, such as across the board tax credits, across the board grants, and subsidies reduce the cost of ownership of an EV. Also, each year battery technology improves and takes electric cars’ capabilities and maximum distance to traditional cars. Increasing the availability for charging is also paramount as it reduce the hardship in driving electric car when one is out of charge. However, there are some challenges characteristic for the electric transportation market.nks to government policies that are supportive of the industry, technological breakthroughs, and environmental concerns. Electric vehicles (EVs), which include cars, buses, motorcycles, and scooters, as well as the infrastructure that supports them, such as battery technology and charging stations, are all part of this quickly expanding industry. Well-known automakers, tech companies, and a few startups are among the notable players in the market, all vying for a piece of this rapidly expanding market. The transition from traditional internal combustion engine vehicles to electric alternatives, which also significantly reduce greenhouse gas emissions, is transforming the automobile industry.
  • The positive trends, the electric transportation market faces some challenges. Most people still consider electric cars to be unaffordable, or costly initially even if they are reducing in price over time. Flakiness of raw materials such as the cobalt and lithium essential when developing batteries is another supply chain risk. However, there are still many things that must be improved to prominently enhance the supporting structure of charging services and stations, particularly in the rural and developing regions. However some barriers are unique to the electric transportation market because of policies, technology, and environmental factors. This comparatively young industry encompasses and electric vehicle, including cars, buses, motorcycles, scooters, as well as batteries and charging infrastructures. Several global manufacturers including popular auto makers, tech giants and a few new entrants are in the market and all are eyeing this rapidly growing market. One of the most revolutionary changes in the automobile industry is shifting from the internal combust ion engine vehicles to the electric or greener sources that have minimal impacts on Greenhouse gas emissions.
  • Market experts predict the further growth of investments into infrastructure development and automobile production, which is good for electric mobility marke.From developments such as solid-state batteries, wireless charging to self-driving cars the industry is likely to go through a revolution. But it will be equally important to the goals of global sustainability and new changes in urban travel as the market evolves. Decision makers, business managers and citizens as consumers will jointly ensure that transportation in the future is environmentally sustainable.

Electric Mobility Market Trend Analysis

Global Surge in Electric Vehicle Adoption

  •  In the automotive industry across the world, the ownership of electric cars (EVs) realised due to a number of linkages coming into force.. Issues to do with the environment have become more acute, with most of the emphasis now being made on reduction of emission of green house gases, and improvement of air quality in cities. Governments all over the world are setting strict policies and targets for low carbon-emission, often accompanied by offers for the acquisition of electric vehicles (EVs). Of these consistencies which compel the manufacturers of automobiles to venture into the production of electric vehicles, some fall under frameworks of taxes, requirements, and awards. For this reason, large auto manufacturers are progressing much faster in their transition from ICEs to electric powertrains and are ready to devote much resources in EVs research & development. Increasing awareness of technology has also been attributed to having played a role in the use of EVs. of forces coming together to change the automotive sector. The urgency of environmental issues has grown, with the main focus being on lowering greenhouse gas emissions and enhancing urban air quality. In practically every country, local governments have been implementing stringent polices and RH- targets for [CO2] emissions and often subsidizing the purchase of electric vehicles (EVs). Such rules and policies aimed at the promotion of involvement of car manufacturers in EVs development and production include tax credits, quotas, and incentives. Due to this reason, the major car manufacturers are shifting at a faster pace towards ICE to EV conversion and are spending a good amount of money on electric vehicles research.• There has also been breakthroughs in the area of technology which has led to the widespread of EVs.missions, frequently providing incentives for the purchase of electric vehicles (EVs). These regulations, which encourage automakers to engage in the development and manufacturing of electric vehicles, take the form of tax breaks, mandates, and subsidies. Because of this, big automakers are moving more quickly to switch from internal combustion engines (ICEs) to electric powertrains and are investing a large amount of money in EV research and development.
  • Innovations in technology have also been a major factor in the adoption of EVs. The new generation batteries like very high energy density lithium ion batteries have decreased charging time and increased the drive distance due to new battery technology. Because of the advances in systems for energy management and electric drives these vehicles have enhanced efficiency as well as the performance and are being designed to become closer to ICE vehicles. There are also no much issues that surround the range anxiety thanks to developments of charging network whereby the investment has been made through the public and private sector. This has made electric vehicles more practical to everyone that they can be used within daily activities. When summed up together those elements are not only transforming car industry but they also contribute to promotion of green mobility overall. Around the world, Attitudes of governments are implementing severe standards or targets about CO2 reduction nowadays, often offering subsidies to buy electric cars (EVs). These regulations that compel manufacturers to participate in the manufacturing of electric vehicles are in a form of tax exemptions, policies and incentives. As such, the large automobile companies are already trying to transition more aggressively from ICE to electric vehicles and are dedicating a huge chunk of money towards EV innovation.Globally, these elements do not only radically change the car industry but also contribute to the global transition toward green transportation.tions, which encourage automakers to engage in the development and manufacturing of electric vehicles, take the form of tax breaks, mandates, and subsidies. Because of this, big automakers are moving more quickly to switch from internal combustion engines (ICEs) to electric powertrains and are investing a large amount of money in EV research and development.
  • Innovations in technology have also been a major factor in the adoption of EVs. New types of batteries such as high energy density lithium ion batteries have reduced charging time and extended the drive distance due to improvement in batteries. Thanks to the further development of systems for energy management and electric drives these vehicles have increased the efficiency and the performance and are becoming even more similar to ICE vehicles. There are also no much issues that revolve around the range anxiety thanks to the improvement of charging network whereby the investment has been done through the public and private sectors. This has made electric vehicles more practical for everyone to use in their day to day lives. When considered collectively, those elements are not only changing the car industry but also boosting the overall shift towards green mobility.grown, with the main focus being on lowering greenhouse gas emissions and enhancing urban air quality. Globally, governments are enforcing strict policies and goals to reduce carbon emissions, frequently providing incentives for the purchase of electric vehicles (EVs). These regulations, which encourage automakers to engage in the development and manufacturing of electric vehicles, take the form of tax breaks, mandates, and subsidies. Because of this, big automakers are moving more quickly to switch from internal combustion engines (ICEs) to electric powertrains and are investing a large amount of money in EV research and development.
  • When taken as a whole, these elements are not only revolutionizing the car sector but also accelerating the general transition to environmentally friendly modes of transportatio. An innovation which has contributed to, or, at least, is significant in attempting to reduce the dependence on fossil energies and consequently reduce the impact of mobility on the environment is the appearance of electric cars. According to research studies, the prospects for electric mobility look set to extend in the future to change the structure of the global automobile markets and urban mobility as the evolution of current technology and regulations continues to occur.

Infrastructure Development in Electric Vehicle Charging

  • Consequently, asking growth of the charging infrastructure is among the most significant barriers to electric vehicles (EVs) adoption known as range anxiety.. Governments and private businesses around the world know the significance of infrastructure in speeding up the adoption of electric vehicles. In the proximity of high-volume corridors, the locations of fast charging stations are planned to dispel concerns over long distance travel and ensure a quick charging of electric cars. They again use high-power chargers to fast and deeply recharge batteries, allowing owners of EVs to spend a lot of time on a trip.• Some slower types of chargers, including Level 2, are also prevalent in offices and the metropolitan areas.vehicles (EVs), charging infrastructure growth is essential. Around the world, governments and private businesses understand how important infrastructure is to hastening the shift to electric vehicles. Along major highways, fast-charging stations are positioned strategically to allay worries about long-distance driving and facilitate swift recharging for electric vehicle drivers. These stations usually use high-power chargers that can quickly and significantly restore battery capacity, enabling EV owners to go on lengthy trips.
  • Slower chargers, such Level 2 chargers, are also widely used in offices and metropolitan regions. These chargers are for home usage and give a plus to EV owners who leave their cars parked most of the time. They can be for, ‘‘over-night’ or ‘‘on-continuous’ type charging. As charging is integrated inclusively into day to day operations, workplace charging stations also do not only ensure that employees get to commute their fully charged cars by the close of work, but also contributes to the universal advancement of EV usage. They are a necessity in building customer confidence in the EV’s because they offer charging alternatives that are accessible and dependable thus eradicating daily deep discharge concerns. Moreover, Charging infrastructure also has particular factors that help in achieving the goal of electric mobility, and are not just solutions of practical problems.te businesses understand how important infrastructure is to hastening the shift to electric vehicles. Along major highways, fast-charging stations are positioned strategically to allay worries about long-distance driving and facilitate swift recharging for electric vehicle drivers. These stations usually use high-power chargers that can quickly and significantly restore battery capacity, enabling EV owners to go on lengthy trips.
  • Furthermore, the development of charging infrastructure serves a strategic purpose in creating an environment that is favorable to electric mobility, going beyond merely resolving pragmatic issues. Governments and companies are assisting in the reduction of both carbon emissions and quality of air in urban areas by encouraging uptake of EVs. New connection also helps relating to the means of cleaner transportation and reduced utilization of fossil fuels and are much more in line with sustainability goals. The framework for a sustainable future for mobility is strengthened as the charging points are expanded and refined with innovations and needs, to the benefit of people and society.

Electric Mobility Market Segment Analysis:

Electric Mobility Market is Segmented based on Product, Drive, Battery, and End-user.

By Product, Electric Scooterssegment is expected to dominate the market during the forecast period

  • Owing to their suitability for short range and urban mobility, modern electric scooters have taken up the leadership in the electric two wheeler segment.. The factors that makes them attractive include; pocket-friendly, easy to operate as opposed to electric bikes and motor bikes, cheap to maintain. That is why, being compact devices which can be controlled even by children, electric scooters are perfect in dense traffic territories. This is because they have the ability to; access narrow areas and access their destinations faster, and for this reason commuters chose them since they save down on time and fuel cost. In addition, people ranging from novices to experienced riders can ride electric scooters since most models do not have manual gears and controls. On the other hand, electric bikes are meant for niche market including cyclers who enjoy their cycling andpeople who ride to work or for leisure purposes for longer distances.ue to a number of things, such as their affordability, simplicity of usage, and cheaper maintenance as compared to electric bikes and motorbikes. Due to their small size and ease of use, electric scooters are a useful option in crowded areas where traffic congestion is a problem. Because they can maneuver through confined places and get to their destinations quickly, they are frequently chosen by commuters because they save down on travel time and fuel expenses. Furthermore, a variety of users, including novice and expert riders, can utilize electric scooters due to their ease of use, as most models come equipped with automated transmissions and user-friendly controls.
  • Conversely, electric bikes serve a specialized market made up of enthusiasts and people looking for longer-distance solutions for commuting or recreational activities. Electric bikes use more often have features like throttle or pedal assist, which means that the electric bike can be pedaled, and its electrical system can be engaged depending on the distance the cyclist wants to go for. This makes them perfect for fitness, relaxed riding or when travelling over rough terrains whenever assistance is desired. In particular, environmentally conscious consumers interested in reducing their impact while staying true to the idea of recreational and healthy cycling are going to be interested in electric bikes. Although they may not be as popular as electric scooters they are still a very vital tool when it comes to promoting green mobility, and increasing the overall usage of electric two-wheelers among consumers of all classes. As customer needs evolve and technology advances, it is expected that e-bikes and scooters will have a significant part to play in the on-going evolution and transformation of the electric transportation arena.

By Drive, Hub Drive segment held the largest share in 2023

  • Hub motors are today the most popular drives for electric bicycles for several reasons that cut across most consumers.. Bearing in mind that gears are relatively easy to integrate into bike designs while enhancing a traditional bike’s characteristic smooth, comfortable ride is another reason behind the appeal. The hub drives slot seamlessly into current bike arrangements which means that belt and chain drives could require alterations in the frame and powertrain of a bike. This ease of installation ensures that the entire functionality and aesthetic of the bike is not only minimally interfered with, but is also less complex than when retrofitting a standard bicycle to an e-bike.• Hub drives are also loved for their reliability and the small amount of attention they need.e to several compelling advantages that cater to a wide range of consumers. Their simplicity of incorporation into bicycle designs, which maintains the comfortable riding experience that traditional bikers value, is partly responsible for their appeal. Hub drives fit right into existing bike setups, unlike belt and chain drives, which could need changes to the frame and powertrain of a bicycle. This simplicity of installation guarantees that the whole functionality and aesthetics of the bike are not only little disrupted, but also less complicated than when converting a regular bicycle to an electric one.
  • Hub drives are also praised for their dependability and little maintenance needs. These drive systems are inherently protected from outside influences such as dirt, water and debris that can damage the system until it fails to operate efficiently because the motor of the car is mounted at the central part of the wheel hub. This is due to this design feature, allows for greater durability especially to hub drive electric bicycles, thus the reasons that the individual customers prefer to use them because they are easy to ride without many complications. Hub drives are also less complicated to maintain which makes them financially attractive to a wider population that is seeking for efficient means of transport. Due to fact that hub drives can easily be incorporated into traditional bicycles, and are very reliable when it comes to electric power during both leisure and daily commutes, have remained dominant the entire market share of bicycles.

Electric Mobility Market Regional Insights:

Asia-Pacific is Expected to Dominate the Market Over the Forecast period

  •  The market of electric mobility has grown rapidly across the Asia-Pacific region because of several significant factors.. The largest market for the electric automobiles or EVs in the world, people’s republic of China has significantly influenced the growth of the segment. Stimuli for growth have been observed due to Chinese authorities’ high level goals for the implementation of EVs, as well as investments in charging systems. Not only does this make consumers more willing to buy from existing businesses, but government practices such as stringent polution standards and incentives for the use of EVs has spurred domestic auto makers into increased innovation. Cities are experiencing air quality issues, and so shifting to the use of electric automobiles is consistent with China’s broader environmental goals. This will lead to the continuation and advancement of battery and renewable energy systems adoption andtechnology.Other significant players involved in the regional electric mobility market are also being developed in India and South East Asia.atest market for electric cars (EVs) worldwide, China, has had a tremendous impact on the development of the area. Growth has been boosted by the Chinese government's ambitious EV adoption targets and significant investments in charging infrastructure. In addition to boosting consumer confidence, policies like strict pollution rules and subsidies for electric vehicle purchases have also encouraged innovation among domestic manufacturers. Cities are facing air quality problems, thus the move to electric vehicles is in line with China's larger environmental objectives. This will encourage further adoption and technological breakthroughs in battery and renewable energy integration.
  • Important participants in the regional electric mobility market are also emerging from India and Southeast Asia. Due to excessive dependence on imported crude and to curb the pollution in urban areas, India for instance has embarked on plans to electrically power its cities. As incentives, the government has put in place tax credit, subsidies and expenditure on infrastructure for charging stations. As with other environmental issues and the effects of increasing urbanization, SE Asian nations such as Thailand, Indonesia and Vietnam are seeing demand rise for electric vehicles (EVs). New techniques in battery manufacturing that began to emerge and strategic partnerships with overseas car makers are further steepening the adoption curve. Although there are challenges in relation to charging infrastructure and market conditions in the Asia-Pacific area, there is a strong trend towards electric mobility. This has been due to factors such as: Emergence of environmentalism, technology advancement , and legislative support.

Active Key Players in the Electric Mobility Market

  • BMW Motorrad International
  • Gogoro, Inc.
  • Honda Motor Co. Ltd.
  • KTM AG
  • Mahindra Group
  • Ninebot Ltd.
  • Suzuki Motor Corporation
  • Terra Motors Corporation
  • Vmoto Limited ABN
  • Yamaha Motor Company Limited
  • Other Key Players

Key Industry Developments in the Electric Mobility Market:

  • In January 2024, Tesla announced that plans to make an inexpensive robotaxi and an entry-level, USD 25,000 electric car based on the same vehicle architecture in 2025. The model, which includes an entry-level car, would allow it to compete with cheaper gasolinepowered cars and a growing number of inexpensive EVs, such as those made by China's BYD.
  • In June 2023, Ford announced that the company would receive USD 9.2 billion as part of a dependent loan from the US Department of Energy to assist in constructing three huge electric vehicle battery factories. The loan originates from the DOE’s Advanced Technology Vehicles Manufacturing (AVTM) program.
  • In October 2023, Stellantis N.V. signed a MOU to establish a joint venture for recycling end-of-life electric vehicle batteries and scrap from gigafactories in Enlarged Europe and North America. The joint venture capitalizes on Orano’s innovative, low-carbon technology, which breaks with existing processes, allowing the recovery of all materials from lithium-ion batteries and manufacturing new cathode materials.

Global Electric Mobility Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 435.16 Bn.

Forecast Period 2024-32 CAGR:

29.90%

Market Size in 2032:

USD 4582.80 Bn.

Segments Covered:

By Product

  • Electric Bikes
  • Electric Scooters
  • Electric Motorized Scooters
  • Electric Motorcycles

By Drive

  • Belt Drive
  • Chain Drive
  • Hub Drive

By Battery

  • Lead Acid Battery
  • Li-Ion Battery
  • Others

By End-user

  • Personal
  • Commercial

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Technological Advancements

Key Market Restraints:

  • High Initial Costs

Key Opportunities:

  • Renewable Energy Integration

Companies Covered in the report:

  • BMW Motorrad International; Gogoro, Inc.; Honda Motor Co. Ltd.; KTM AG; Mahindra Group; Ninebot Ltd.; Suzuki Motor Corporation; Terra Motors Corporation; Vmoto Limited ABN; Yamaha Motor Company Limitedand Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. ELECTRIC MOBILITY  MARKET BY PRODUCT  (2017-2032)
    1. ELECTRIC MOBILITY  MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. ELECTRIC BIKES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
    4. ELECTRIC SCOOTERS
    5. ELECTRIC MOTORIZED SCOOTERS
    6. ELECTRIC MOTORCYCLES
  7. ELECTRIC MOBILITY  MARKET BY DRIVE (2017-2032)
    1. ELECTRIC MOBILITY  MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. Belt Drive
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. CHAIN DRIVE
    5. HUB DRIVE
  8. ELECTRIC MOBILITY  MARKET BY BATTERY  (2017-2032)
    1. ELECTRIC MOBILITY  MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. Lead Acid Battery
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4.  LI-ION BATTERY
  9. ELECTRIC MOBILITY  MARKET BY END-USER  (2017-2032)
    1. ELECTRIC MOBILITY  MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. PERSONAL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. COMMERCIAL
  10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Benchmarking
      2. Electric Mobility  Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. BMW MOTORRAD INTERNATIONAL
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. GOGORO, INC.
    4. HONDA MOTOR CO. LTD.
    5. KTM AG
    6. MAHINDRA GROUP
    7. NINEBOT LTD.
    8. SUZUKI MOTOR CORPORATION
    9. TERRA MOTORS CORPORATION
    10. VMOTO LIMITED ABN
    11. YAMAHA MOTOR COMPANY LIMITED
  11. GLOBAL ELECTRIC MOBILITY  MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Product
      4. Historic And Forecasted Market Size By Drive
      5. Historic And Forecasted Market Size By Battery
      6. Historic And Forecasted Market Size By End-user
      7. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  12. INVESTMENT ANALYSIS
  13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies
        1. Thailand
        2. Vietnam
        3. The Philippines
        4. Australia
        5. New-Zealand
        6. Rest Of APAC
    3. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    4. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  14. INVESTMENT ANALYSIS
  15. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Electric Mobility Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 435.16 Bn.

Forecast Period 2024-32 CAGR:

29.90%

Market Size in 2032:

USD 4582.80 Bn.

Segments Covered:

By Product

  • Electric Bikes
  • Electric Scooters
  • Electric Motorized Scooters
  • Electric Motorcycles

By Drive

  • Belt Drive
  • Chain Drive
  • Hub Drive

By Battery

  • Lead Acid Battery
  • Li-Ion Battery
  • Others

By End-user

  • Personal
  • Commercial

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Technological Advancements

Key Market Restraints:

  • High Initial Costs

Key Opportunities:

  • Renewable Energy Integration

Companies Covered in the report:

  • BMW Motorrad International; Gogoro, Inc.; Honda Motor Co. Ltd.; KTM AG; Mahindra Group; Ninebot Ltd.; Suzuki Motor Corporation; Terra Motors Corporation; Vmoto Limited ABN; Yamaha Motor Company Limitedand Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRIC MOBILITY MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRIC MOBILITY MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRIC MOBILITY MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRIC MOBILITY MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRIC MOBILITY MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRIC MOBILITY MARKET BY PRODUCT TYPE
TABLE 008. ELECTRIC BICYCLE MARKET OVERVIEW (2016-2028)
TABLE 009. ELECTRIC CAR MARKET OVERVIEW (2016-2028)
TABLE 010. ELECTRIC MOTORCYCLE MARKET OVERVIEW (2016-2028)
TABLE 011. ELECTRIC SCOOTER MARKET OVERVIEW (2016-2028)
TABLE 012. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 013. ELECTRIC MOBILITY MARKET BY BATTERY TYPE
TABLE 014. NIMH MARKET OVERVIEW (2016-2028)
TABLE 015. SEALED LEAD ACID MARKET OVERVIEW (2016-2028)
TABLE 016. LI-ION MARKET OVERVIEW (2016-2028)
TABLE 017. ELECTRIC MOBILITY MARKET BY VOLTAGE TYPE
TABLE 018. LESS THAN 24V MARKET OVERVIEW (2016-2028)
TABLE 019. 24V MARKET OVERVIEW (2016-2028)
TABLE 020. 36V MARKET OVERVIEW (2016-2028)
TABLE 021. 48V MARKET OVERVIEW (2016-2028)
TABLE 022. GREATER THAN 48V MARKET OVERVIEW (2016-2028)
TABLE 023. NORTH AMERICA ELECTRIC MOBILITY MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 024. NORTH AMERICA ELECTRIC MOBILITY MARKET, BY BATTERY TYPE (2016-2028)
TABLE 025. NORTH AMERICA ELECTRIC MOBILITY MARKET, BY VOLTAGE TYPE (2016-2028)
TABLE 026. N ELECTRIC MOBILITY MARKET, BY COUNTRY (2016-2028)
TABLE 027. EUROPE ELECTRIC MOBILITY MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 028. EUROPE ELECTRIC MOBILITY MARKET, BY BATTERY TYPE (2016-2028)
TABLE 029. EUROPE ELECTRIC MOBILITY MARKET, BY VOLTAGE TYPE (2016-2028)
TABLE 030. ELECTRIC MOBILITY MARKET, BY COUNTRY (2016-2028)
TABLE 031. ASIA PACIFIC ELECTRIC MOBILITY MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 032. ASIA PACIFIC ELECTRIC MOBILITY MARKET, BY BATTERY TYPE (2016-2028)
TABLE 033. ASIA PACIFIC ELECTRIC MOBILITY MARKET, BY VOLTAGE TYPE (2016-2028)
TABLE 034. ELECTRIC MOBILITY MARKET, BY COUNTRY (2016-2028)
TABLE 035. MIDDLE EAST & AFRICA ELECTRIC MOBILITY MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 036. MIDDLE EAST & AFRICA ELECTRIC MOBILITY MARKET, BY BATTERY TYPE (2016-2028)
TABLE 037. MIDDLE EAST & AFRICA ELECTRIC MOBILITY MARKET, BY VOLTAGE TYPE (2016-2028)
TABLE 038. ELECTRIC MOBILITY MARKET, BY COUNTRY (2016-2028)
TABLE 039. SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 040. SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY BATTERY TYPE (2016-2028)
TABLE 041. SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY VOLTAGE TYPE (2016-2028)
TABLE 042. ELECTRIC MOBILITY MARKET, BY COUNTRY (2016-2028)
TABLE 043. VMOTO LIMITED ABN: SNAPSHOT
TABLE 044. VMOTO LIMITED ABN: BUSINESS PERFORMANCE
TABLE 045. VMOTO LIMITED ABN: PRODUCT PORTFOLIO
TABLE 046. VMOTO LIMITED ABN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. TESLA: SNAPSHOT
TABLE 047. TESLA: BUSINESS PERFORMANCE
TABLE 048. TESLA: PRODUCT PORTFOLIO
TABLE 049. TESLA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. TERRA MOTORS: SNAPSHOT
TABLE 050. TERRA MOTORS: BUSINESS PERFORMANCE
TABLE 051. TERRA MOTORS: PRODUCT PORTFOLIO
TABLE 052. TERRA MOTORS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. CONTINENTAL AG: SNAPSHOT
TABLE 053. CONTINENTAL AG: BUSINESS PERFORMANCE
TABLE 054. CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 055. CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. ALTA MOTORS: SNAPSHOT
TABLE 056. ALTA MOTORS: BUSINESS PERFORMANCE
TABLE 057. ALTA MOTORS: PRODUCT PORTFOLIO
TABLE 058. ALTA MOTORS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. ACCELL GROUP: SNAPSHOT
TABLE 059. ACCELL GROUP: BUSINESS PERFORMANCE
TABLE 060. ACCELL GROUP: PRODUCT PORTFOLIO
TABLE 061. ACCELL GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. NISSAN MOTOR CORPORATION: SNAPSHOT
TABLE 062. NISSAN MOTOR CORPORATION: BUSINESS PERFORMANCE
TABLE 063. NISSAN MOTOR CORPORATION: PRODUCT PORTFOLIO
TABLE 064. NISSAN MOTOR CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. ZERO MOTORCYCLES INC.: SNAPSHOT
TABLE 065. ZERO MOTORCYCLES INC.: BUSINESS PERFORMANCE
TABLE 066. ZERO MOTORCYCLES INC.: PRODUCT PORTFOLIO
TABLE 067. ZERO MOTORCYCLES INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.: SNAPSHOT
TABLE 068. KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.: BUSINESS PERFORMANCE
TABLE 069. KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.: PRODUCT PORTFOLIO
TABLE 070. KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 071. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 072. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 073. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRIC MOBILITY MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRIC MOBILITY MARKET OVERVIEW BY PRODUCT TYPE
FIGURE 012. ELECTRIC BICYCLE MARKET OVERVIEW (2016-2028)
FIGURE 013. ELECTRIC CAR MARKET OVERVIEW (2016-2028)
FIGURE 014. ELECTRIC MOTORCYCLE MARKET OVERVIEW (2016-2028)
FIGURE 015. ELECTRIC SCOOTER MARKET OVERVIEW (2016-2028)
FIGURE 016. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 017. ELECTRIC MOBILITY MARKET OVERVIEW BY BATTERY TYPE
FIGURE 018. NIMH MARKET OVERVIEW (2016-2028)
FIGURE 019. SEALED LEAD ACID MARKET OVERVIEW (2016-2028)
FIGURE 020. LI-ION MARKET OVERVIEW (2016-2028)
FIGURE 021. ELECTRIC MOBILITY MARKET OVERVIEW BY VOLTAGE TYPE
FIGURE 022. LESS THAN 24V MARKET OVERVIEW (2016-2028)
FIGURE 023. 24V MARKET OVERVIEW (2016-2028)
FIGURE 024. 36V MARKET OVERVIEW (2016-2028)
FIGURE 025. 48V MARKET OVERVIEW (2016-2028)
FIGURE 026. GREATER THAN 48V MARKET OVERVIEW (2016-2028)
FIGURE 027. NORTH AMERICA ELECTRIC MOBILITY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. EUROPE ELECTRIC MOBILITY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. ASIA PACIFIC ELECTRIC MOBILITY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. MIDDLE EAST & AFRICA ELECTRIC MOBILITY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. SOUTH AMERICA ELECTRIC MOBILITY MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

The forecast period in the Electric Mobility Market research report is 2024-2032.

The forecast period in the Electric Mobility Market research report is 2023-2030.

Who are the key players in the Electric Mobility Market?

BMW Motorrad International; Gogoro, Inc.; Honda Motor Co. Ltd.; KTM AG; Mahindra Group; Ninebot Ltd.; Suzuki Motor Corporation; Terra Motors Corporation; Vmoto Limited ABN; Yamaha Motor Company Limitedand Other Major Players.

What are the segments of the Electric Mobility Market?

The Electric Mobility Market is segmented into By Product, By Drive, By Battery, By End-user and region. By Product, the market is categorized into Electric Bikes,Electric Scooters, Electric Motorized Scooters and Electric Motorcycles. By Drive, the market is categorized into Belt Drive, Chain Drive and Hub Drive. By Battery, the market is categorized into Lead Acid Battery, Li-Ion Battery and Others. By End-user, the market is categorized into Personal and Commercial. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Electric Mobility Market?

The electric mobility market encompasses all vehicles powered by electric propulsion systems, including electric vehicles (EVs), e-bikes, e-scooters, and electric buses, along with the necessary infrastructure like charging stations and energy management systems. Driven by the need to reduce greenhouse gas emissions, improve air quality, and decrease reliance on fossil fuels, this market is expanding rapidly. Advances in battery technology, government incentives, and growing environmental awareness are key factors propelling its growth. The market's evolution promises significant reductions in global carbon emissions and a transformative impact on transportation.

How big is the Electric Mobility Market?

Electric Mobility Market Size Was Valued at USD 435.16 Billion in 2023, and is Projected to Reach USD 4582.80 Billion by 2032, Growing at a CAGR of 29.90% From 2024-2032.