A new research document titled, Global Automotive Electrification Market is released by AdvanceMarketAnalytics. The market study is a cautious attempt of the industry with strategic steps to the targets of business environment and the ones that are tried to have an essential impression on the progression of the Automotive Electrification market. AMA recognizes following companies as the key players in the Global Automotive Electrification market that includes Johnson Electric (Hong Kong), Volkswagen (Germany), Toyota (Japan), Honda (Japan), Mitsubishi Electric (Japan), BorgWarner (United States), Magna (Canada), Aisin Seiki (Japan), ZF Friedrichshafen AG (Germany), Hitachi (Japan) and WABCO (Belgium).
In the first quarter of 2018, approximately 54,000 electric vehicles were sold globally, recording a 32% year-on-year growth. Such a growth in the sales of electric vehicles, as a result of increasing environmental awareness among consumers along with the implementation of stringent emission laws by government, and increasing demand for more fuel efficient vehicles are the major factors which are fueling the growth of the vehicle electrification market across the globe. is one of the key components driving the development of this market in the following couple of years. "Rapid adoption of electric vehicles
" adds to the investigation what growth market seeks ahead. This causes analysts to concentrate more on regional factors and regulatory and influencing factors ahead of any other approach.
One of the key patterns that will drive the development prospects for the Automotive Electrification amid the anticipated period is the Electrification of commercial vehicles
. The Automotive Electrification market is very focused because of the nearness of many key organizations. The main Vendors are focusing on presenting new product/services and are constantly upgrading their existing offerings to keep pace with the overall industry.
The key target audience considered while formulating the study are as follows: Automotive OEMs, Authorized and Unauthorized after market suppliers, Suppliers of automotive electrification and Others
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Electrification market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Electrification market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automotive OEMs, Authorized and Unauthorized after market suppliers, Suppliers of automotive electrification and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.