Global Electric Mobility Market, By Product (Electric Scooter, Electric Bicycle, Electric Skateboard, Electric Motorcycle, Electric Car, Electric Wheelchair), Battery (Sealed Lead Acid, NiMH, Li-Ion), Voltage (24V, Less than 24V, 36V, 48V, Greater than 48V), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Electric Mobility Market
The electric mobility market is expected to witness market growth at a rate of 23.65% in the forecast period of 2022 to 2029. Data Bridge Market Research report on electric mobility s market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the adoption of Mobility-as-a-Service (MaaS) is escalating the growth of electric mobility market.
Electromobility is referred to as the utilization of electric cars, and e-bikes or pedelecs, electric motorbikes, e-buses and e-trucks.
Major factors that are expected to boost the growth of the electric mobility market in the forecast period are the growing ratio of greenhouse gasses hampering the ecosystem, and hazardous elevation of carbon footprint in the environment. Furthermore, the constant rise in the greenhouse gas and carbon footprint of the automotive and transportation industries is further anticipated to propel the growth of the electric mobility market. Moreover, the augmented awareness about the lower operational and maintenance costs of electric vehicle and their capability of reducing harmful emissions is further estimated to cushion the growth of the electric mobility market. On the other hand, lack of advanced economies and inefficient infrastructure to support the electric mobility is further projected to impede the growth of the electric mobility market in the timeline period.
In addition, the rise in the player penetration that are focused upon moulding the electric based automotive industry will further provide potential opportunities for the growth of the electric mobility market in the coming years. However, the dearth of facility to maintain the electric vehicle services might further challenge the growth of the electric mobility market in the near future.
This electric mobility market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electric mobility market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Electric Mobility Market Scope and Market Size
The electric mobility market is segmented on the basis of product, battery and voltage. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the electric mobility market is fragmented into electric scooter, electric bicycle, electric skateboard, electric motorcycle, electric car, and electric wheelchair. Electric scooter is further sub segmented into retro, standing or self-balancing, and folding.
- On the basis of battery, the electric mobility market is bifurcated into sealed lead acid, NiMH, and Li-Ion.
- On the basis of voltage, the electric mobility market is segregated into 24V, Less than 24V, 36V, 48V and greater than 48V.
Electric Mobility Market Country Level Analysis
The electric mobility market is analyzed, and market size, volume information is provided by country, product, battery and voltage as referenced above.
The countries covered in the electric mobility market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Asia-Pacific dominates the electric mobility market due to the rise in the rate of adoption of EVs, specifically electric bicycles and electric scooters in several countries. Furthermore, the rise in the pollution and the quick increase in fuel prices will further boost the growth of the electric mobility market in the region during the forecast period. Europe is projected to observe significant amount of growth in the electric mobility market due to the quick advancements in the pan-European battery charging network for BEVs. Moreover, the initiatives taken by several countries to ban the sales of new diesel- and petrol-powered vehicles by 2030 is further anticipated to propel the growth of the electric mobility market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electric Mobility Market Share Analysis
The electric mobility market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the electric mobility market.
Some of the major players operating in the electric mobility market are Tesla, TOYOTA MOTOR CORPORATION, Nissan, Groupe Renault, Ford Motor Company, General Motors, AB Volvo, BMW AG, Marshell Green Power, Daimler AG, MG Motor India Pvt. Ltd., Honda Motor Co., Ltd, Tata Sons Private Limited., and Mitsubishi Motors North America, Inc., among others.
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