Irving, TX (PRWEB) July 27, 2012
Continuing the robust growth of 2010-2011, the global electric vehicle industry is expected to reach $74 billion in 2017 with a CAGR of 8.4% over the next five years. The industry is expected to make rapid strides, driven by high oil prices and perceived environmental benefits.
Lucintel, a leading global management consulting and market research firm, has analyzed the global electric vehicle manufacturing industry and presents its findings in “Global Electric Vehicle Manufacturing Industry 2012-2017: Trend, Profit and Forecast Analysis.”
The global electric vehicle manufacturing industry is highly consolidated and consists of battery electric vehicles and hybrid electric vehicle manufacturers. China dominates the industry with a greater industry share. Competition in the industry seems to be high as the top five players contribute 49.2% in the industry,resulting in price competition. Continuous modernization and technological expansion, high investment in research and development, government policies, and safety regulations is seen to impact industry dynamics significantly.
Worldwide demand for fuel efficient and environmentally friendly vehicles is expected to quickly penetrate the global light vehicle industry in response to rising energy demand, which in turn has led to erratic fuel prices and increased emissions regulations worldwide. Although high environmental and safety regulations are some of the challenges, the growing environmental concerns and emphasis toward increased alternative fuel consumption to minimize heavy dependence on oil,strong policy initiatives, benefits, and rebates from various governments are likely to drive the electric vehicles market over the forecast period.
Lucintel research identifies APAC as leading the industry with increased manufacturing activity in India, China, and Thailand.Demand for electric and hybrid vehicles and development of emerging technologies forecasts a bright outlook for the global electric vehicle manufacturing industry.
This study provides an overview of the global electric vehicle manufacturing industry. The report tracks two industry segments for four regions – thus it tracks eight segments of the global electric vehicle manufacturing industry. The report studies electric vehicle manufacturers in battery electric vehicle and hybrid electric vehicle industry segment.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com.
Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.