Vehicle Electrification Market reaches $30.74 Billion by 2019 with Rising Demand - Reported By MarketsandMarkets

Share Article

This report expects the global vehicle electrification market at a steady growth rate by 2019. According to the report, the industry is mainly driven by rising demand for electric vehicles around the world are expected to be the major driving factor.



Key players are Robert Bosch GmbH. (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan).

According to the report by MarketsandMarkets, the global Vehicle Electrification Market is expected to reach $30.74 billion by 2019. Along with the revenue forecasts, the report also provides the details about the growth trends and restraints for the key industry players.

Explore Vehicle Electrification Market through in-depth TOC, figures and data tables spread across 157 report pages.

Early buyers will avail 10% customization on this report.

Make an Inquiry

According to the report, the Asia Pacific region is expected to remain the fastest growing market in the vehicle electrification region. Rising demand for electric vehicles and growth in the overall automotive industry are expected to remain the strongest driving factors for this market in the region. Rising demand for enhancing fuel efficiency and growth in the vehicle manufacturing industry are also expected to create growth opportunities for the market in this region. The report expects the Asia Pacific market to grow at a healthy CAGR of 15.2% from 2014 to 2019.

Custom Report Inquiry

According to the report, countries like UK, France and Germany are expected to drive the demand in the vehicle electrification market. Growth in the sales volume of electric vehicles in the European countries is expected to drive the demand in this market. According to the report, government subsidiaries and rising infrastructure facilities are also expected to drive the demand in this market. Thanks to growth in the research and development activities, the European market is expected to grow at a CAGR of 6.7% by 2019.

MarketsandMarkets suggests steady growth for the North American vehicle electrification market. According to their report, the demand in the North American countries is mainly driven by the stringent emission laws and maturing of the American automotive industry. Growth in the sales and development of electric vehicles is also expected to drive the market. According to the report, the North American market is poised to witness healthy growth at a CAGR of 16.4% by 2019.

Browse Related Reports

Automotive Steering Systems Market by Vehicle Type (Passenger Car, LCV, & HCV), System Type (Manual, HPS, EHPS & EPS), Safety Features (With ABS/ESP & Without ABS/ESP), & Geography - Industry Trends & Forecast to 2018

Variable Valve Timing Market [Cam Phasing, Variable Valve Actuation (VVA)] & Start-Stop Systems [Direct Starter, Enhanced Starter, Belt-driven Alternator Starter (BAS), Integrated Starter Generator (ISG)] Market Global Trends & Forecast by Technology & Geography to 2018

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com

Share article on social media or email:

View article via:

Pdf Print

Contact Author

since: 04/2009
Follow >
Market Research Report
since: 12/2010
Like >
Follow us on
Visit website