Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Countries (China, India, Japan, Australia, Malaysia, Philippines, Indonesia, South Korea, Cambodia, Myanmar & Rest of Asia Pacific) and competitive landscape
Product Code: ETC002544 | Publication Date: May 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific electric vehicle market is expected to register significant growth over the coming years owing to the rising environmental awareness, huge population, and growing urbanization. Most of the countries in the region are the major importers of crude oil and hugely dependent on other countries for their energy demand, affecting their economic growth considerably. With consideration of increasing pollution levels and shifting towards renewable energy resources, the government has introduced many favorable policies to encourage people to adopt electric vehicles by providing incentives and certain offers, which would drive the growth of the electric vehicle market in the Asia Pacific region forecast period.
According to 6Wresearch, Asia Pacific (APAC) Electric Vehicle Market size is anticipated to register growth during 2020-2026. Currently, China and Japan hold the dominant share in Asia pacific electric vehicle market. China is the largest manufacturer and consumer of electric vehicles in the world. However, India demonstrates great potential for the electric vehicle market on account of improvement in the living standards of the people, growing disposable income, and rising environmental awareness. Furthermore, the Indian government plans to transform all vehicles to electric vehicles by 2030 and it is also focusing on building fast electric charging infrastructure in the country to support electric vehicle adoption, resulting in substantial growth of electric vehicles over the coming years. However, the growth is anticipated to slow down during the first half of 2020-2021 due to the coronavirus pandemic but likely to get back on track with normal business operations and economic recovery in the second half.
In the Asia Pacific region, the electric passenger vehicle segment is projected to grow significantly in the coming years capturing the dominant market revenue share in the overall Asia Pacific electric vehicle market. Also, the two-wheelers electric vehicle segment looks promising with the advancements in technology and increased usage in the past few years across several countries in the region.
The Asia Pacific electric vehicle market report comprehensively covers the market by vehicle types and countries including India, China, Japan, South Korea, Indonesia, Philippines, Malaysia, Myanmar, Cambodia, Australia, and the rest of Asia Pacific. The Asia Pacific electric vehicle market outlook provides an unbiased and detailed analysis of the Asia Pacific Electric vehicle market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The less maintenance cost of electric vehicles as compared to the fuel run vehicles has been proven evident for its increased adoption along with rising concerns regarding the use of renewable energy for the sustainable environment development and is anticipated to witness a proliferation in the coming years and as a result, it is expected to leave a positive impact on the overall market growth of the Asia Pacific Electric Vehicle market for electric vehicles in the years to come. The increased adoption of electric vehicles is expected to dictate a spectacular growth of the Asia Pacific Electric Vehicle market for electric vehicles in the coming years. Additionally, a rise in the timely maintenance of the electric vehicles to ensure smooth mobility and long life of the vehicle is expected to be the main factor for the growth of the overall fluids and lubricants market for electric vehicles demand in the coming timeframe and propel significant growth prospects for the market in the coming timeframe and the timeframe extending to 2027.
Asia Pacific electric vehicle market is anticipated to register sound revenues during the forecast period 2020-26F backed by the rising government effort to reduce environmental degradation by adopting electric vehicles across the region. Further, on the basis of the country, China's electric vehicle market is expected to be a winning sector in the entire region since China records high selling units of electric cars compared to other countries due to increased government effort to aware the population towards environmental health. Moreover, this action is estimated to secure the tremendous growth of electric vehicles in China, as a result, is expected to bolster the growth of the entire Asia Pacific region in the coming timeframe.
Asia Pacific electric vehicle market is projected to secure tremendous growth in the upcoming six years on the back of the rising replacement of electric vehicles with diesel or petrol-based vehicles. Additionally, the Indian electric vehicle market is estimated to shape the market landscape in the yet to come underpinned by the two-wheelers and three-wheeler segment and the existing players are taking initially by manufacturing electric vehicles where Ola investing copious amount to set up a two-wheelers factory in Tamil Nadu and is estimated to manufacture across millions of e -scooter in a year and this would simultaneously spur the demand for charging Infrastructure and is estimated to upsurge the growth of the India electric vehicle, as a result, is expected to boost the growth of the Asia pacific electric vehicle market in the years ahead.
Asia Pacific electric vehicle market is projected to gain traction during the forecast period 2020-26F on the back of the rising countries initiative towards Electric vehicle adoption. The top key players operating in the Asia Pacific electric vehicle market including BMW, Kia motors corporation, Hyundai motor company, Toyota motor corporation, and Nissan Motor Co. Ltd.
Key Highlights of the Report:
Markets Covered
The Asia Pacific electric vehicle market report provides a detailed analysis of the following market segments:
Other Key Related Reports Include:
TABLE OF CONTENTS |
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Asia Pacific Electric Vehicle Market Overview |
3.1 Asia Pacific Electric Vehicle Market Revenues and Volume, 2016-2026F |
3.2 Asia Pacific Electric Vehicles Market- Industry Life Cycle, 2019 |
3.3 Asia Pacific Electric Vehicles - Porter’s Five Forces |
3.4 Asia Pacific Electric Vehicle Market Revenue Share, By Countries, 2019 & 2026F |
4. Asia Pacific Electric Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Asia Pacific Electric Vehicle Market Trends |
6. India Electric Vehicle Market Overview |
6.1 India Country Indicators |
6.2 India Electric Vehicle Market Revenues and Volume, 2016-2026F |
6.3 India Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F |
6.3.1 India Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F |
6.3.2 India Electric Bus Market Revenues and Volume, 2016-2026F |
6.3.3 India Electric Two-Wheelers Market Revenues and Volume, 2016-2026F |
6.3.4 India Electric Truck Market Revenues and Volume, 2016-2026F |
6.3.5 India Electric Vehicle Market- Key Performace Indicators |
7. China Electric Vehicle Market Overview |
7.1 China Country Indicators |
7.2 China Electric Vehicle Market Revenues and Volume, 2016-2026F |
7.3 China Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F |
7.3.1 China Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F |
7.3.2 China Electric Bus Market Revenues and Volume, 2016-2026F |
7.3.3 China Electric Two-Wheelers Market Revenues and Volume, 2016-2026F |
7.3.4 China Electric Truck Market Revenues and Volume, 2016-2026F |
7.3.5 China Electric Vehicle Market- Key Performace Indicators |
8. Japan Electric Vehicle Market Overview |
8.1 Japan Country Indicators |
8.2 Japan Electric Vehicle Market Revenues and Volume, 2016-2026F |
8.3 Japan Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F |
8.3.1 Japan Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F |
8.3.2 Japan Electric Bus Market Revenues and Volume, 2016-2026F |
8.3.3 Japan Electric Two-Wheelers Market Revenues and Volume, 2016-2026F |
8.3.4 Japan Electric Truck Market Revenues and Volume, 2016-2026F |
8.3.5 Japan Electric Vehicle Market- Key Performace Indicators |
9. South Korea Electric Vehicle Market Overview |
9.1 South Korea Country Indicators |
9.2 South Korea Electric Vehicle Market Revenues and Volume, 2016-2026F |
9.3 South Korea Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F |
9.3.1 South Korea Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F |
9.3.2 South Korea Electric Bus Market Revenues and Volume, 2016-2026F |
9.3.3 South Korea Electric Two-Wheelers Market Revenues and Volume, 2016-2026F |
9.3.4 South Korea Electric Truck Market Revenues and Volume, 2016-2026F |
9.3.5 South Korea Electric Vehicle Market- Key Performace Indicators |
10. Indonesia Electric Vehicle Market Overview |
10.1 Indonesia Country Indicators |
10.2 Indonesia Electric Vehicle Market Revenues and Volume, 2016-2026F |
10.3 Indonesia Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F |
10.3.1 Indonesia Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F |
10.3.2 Indonesia Electric Bus Market Revenues and Volume, 2016-2026F |
10.3.3 Indonesia Electric Two-Wheelers Market Revenues and Volume, 2016-2026F |
10.3.4 Indonesia Electric Truck Market Revenues and Volume, 2016-2026F |
10.3.5 Indonesia Electric Vehicle Market- Key Performace Indicators |
11. Philippines Electric Vehicle Market Overview |
11.1 Philippines Country Indicators |
11.2 Philippines Electric Vehicle Market Revenues and Volume, 2016-2026F |
11.3 Philippines Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F |
11.3.1 Philippines Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F |
11.3.2 Philippines Electric Bus Market Revenues and Volume, 2016-2026F |
11.3.3 Philippines Electric Two-Wheelers Market Revenues and Volume, 2016-2026F |
11.3.4 Philippines Electric Truck Market Revenues and Volume, 2016-2026F |
11.3.5 Philippines Electric Vehicle Market- Key Performace Indicators |
12. Malaysia Electric Vehicle Market Overview |
12.1 Malaysia Country Indicators |
12.2 Malaysia Electric Vehicle Market Revenues and Volume, 2016-2026F |
12.3 Malaysia Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F |
12.3.1 Malaysia Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F |
12.3.2 Malaysia Electric Bus Market Revenues and Volume, 2016-2026F |
12.3.3 Malaysia Electric Two-Wheelers Market Revenues and Volume, 2016-2026F |
12.3.4 Malaysia Electric Truck Market Revenues and Volume, 2016-2026F |
12.3.5 Malaysia Electric Vehicle Market- Key Performace Indicators |
13. Myanmar Electric Vehicle Market Overview |
13.1 Myanmar Country Indicators |
13.2 Myanmar Electric Vehicle Market Revenues and Volume, 2016-2026F |
13.3 Myanmar Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F |
13.3.1 Myanmar Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F |
13.3.2 Myanmar Electric Bus Market Revenues and Volume, 2016-2026F |
13.3.3 Myanmar Electric Two-Wheelers Market Revenues and Volume, 2016-2026F |
13.3.4 Myanmar Electric Truck Market Revenues and Volume, 2016-2026F |
13.3.5 Myanmar Electric Vehicle Market- Key Performace Indicators |
14. Cambodia Electric Vehicle Market Overview |
14.1 Cambodia Country Indicators |
14.2 Cambodia Electric Vehicle Market Revenues and Volume, 2016-2026F |
14.3 Cambodia Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F |
14.3.1 Cambodia Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F |
14.3.2 Cambodia Electric Bus Market Revenues and Volume, 2016-2026F |
14.3.3 Cambodia Electric Two-Wheelers Market Revenues and Volume, 2016-2026F |
14.3.4 Cambodia Electric Truck Market Revenues and Volume, 2016-2026F |
14.3.5 Cambodia Electric Vehicle Market- Key Performace Indicators |
15. Australia Electric Vehicle Market Overview |
15.1 Australia Country Indicators |
15.2 Australia Electric Vehicle Market Revenues and Volume, 2016-2026F |
15.3 Australia Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F |
15.3.1 Australia Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F |
15.3.2 Australia Electric Bus Market Revenues and Volume, 2016-2026F |
15.3.3 Australia Electric Two-Wheelers Market Revenues and Volume, 2016-2026F |
15.3.4 Australia Electric Truck Market Revenues and Volume, 2016-2026F |
15.3.5 Australia Electric Vehicle Market- Key Performace Indicators |
16. Rest of Asia Pacific Electric Vehicle Market Overview |
16.1 Rest of Asia Pacific Electric Vehicle Market Revenues and Volume, 2016-2026F |
17. Asia Pacific Electric Vehicle Market Opportunity Assessment |
17.1 India Electric Vehicle Market Opportunity Assessment, By Vehicle Types |
17.2 China Electric Vehicle Market Opportunity Assessment, By Vehicle Types |
17.3 Japan Electric Vehicle Market Opportunity Assessment, By Vehicle Types |
17.4 South Korea Electric Vehicle Market Opportunity Assessment, By Vehicle Types |
17.5 Indonesia Electric Vehicle Market Opportunity Assessment, By Vehicle Types |
17.6 Philippines Electric Vehicle Market Opportunity Assessment, By Vehicle Types |
17.7 Malaysia Electric Vehicle Market Opportunity Assessment, By Vehicle Types |
17.8 Myanmar Electric Vehicle Market Opportunity Assessment, By Vehicle Types |
17.9 Cambodia Electric Vehicle Market Opportunity Assessment, By Vehicle Types |
17.10 Australia Electric Vehicle Market Opportunity Assessment, By Vehicle Types |
18. Asia Pacific Electric Vehicle Market Competitive Landscape |
18.1 Asia Pacific Electric Vehicle Market Revenue Share, By Company |
18.1.1 India Electric Vehicle Market Revenue Share, By Company, 2019 |
18.1.2 China Electric Vehicle Market Revenue Share, By Company, 2019 |
18.1.3 Japan Electric Vehicle Market Revenue Share, By Company, 2019 |
18.1.4 South Korea Electric Vehicle Market Revenue Share, By Company, 2019 |
18.1.5 Indonesia Electric Vehicle Market Revenue Share, By Company, 2019 |
18.1.6 Philippines Electric Vehicle Market Revenue Share, By Company, 2019 |
18.1.7 Malaysia Electric Vehicle Market Revenue Share, By Company, 2019 |
18.1.8 Myanmar Electric Vehicle Market Revenue Share, By Company, 2019 |
18.1.9 Cambodia Electric Vehicle Market Revenue Share, By Company, 2019 |
18.1.10 Australia Electric Vehicle Market Revenue Share, By Company, 2019 |
18.2 Asia Pacific Electric Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
19. Company Profiles |
20. Key Strategic Recommendations |
21. Disclaimer |