The global electric vehicle components market was estimated to be USD 103.2 billion in 2016 and is projected to reach USD 480.1 billion by the end of 2024, exhibiting a CAGR of 21.2% during the 2016-2024 on account of factors such as are favourable government policies and regulations, rise in demand for environment friendly vehicles by the consumers and increased focus of OEM’s towards the development of technologically advanced components. The above stated reasons are likely to positively impact the market in the coming years.

On the basis of component, battery pack segment held the largest share in 2016 due to increased demand for electric vehicles worldwide. Asia-Pacific grabbed the largest share in the market in 2016 owing to government support in terms subsides, tax rebates, grants as well as with the improved charging infrastructure. China and Japan are the key countries in the region with highest number of electric vehicle registrations.

The research report “global electric vehicle market” provides in-depth analysis of global electric vehicle market based on components, sub-components and major geographies from the period 2016 to 2024. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for electric vehicle components market. Further, the report also analyses the competitive landscape and the major players and their market share in 2016. The competitive landscape section of the report also captures and states the recent development in the market.

Additionally, the report has also covered profiles of the major companies active in the field, including LG Chem., Panasonic Corporation, Samsung SDI, Automotive Energy Supply Corporation, Infineon Technologies, Mitsubishi Electric Corporation, Bosch, Continental Automotive, Microsemi Corporation, Denso Corporation

Global Electric Vehicle Market by Component
• Battery Pack
• Chassis
• Vehicle Body
• Drivetrain
• Equipment
• Others

Global Electric Vehicle Market by Geography
• North America (US and Canada)
• Europe (Germany, France, UK, Netherlands, Norway, Sweden)
• Asia-Pacific (China, Japan, India, South Korea)
• RoW

Global Electric Vehicle Market Competitive Landscape
• Major Players and their Business Strategies
• New product launches
• Mergers and acquisitions
• Collaborations, partnerships, agreements and joint ventures