Automotive High-performance Electric Vehicles Market Scope
The electric vehicle (EV) market continues to grow, on the road worldwide. Higher performance and a greater diversity of fuel choices for transportation. Increased trend in high performance EVs, and in converting traditional internal combustion engine (ICE) vehicles to EVs. High performance EVs include addressing the challenges of cost, range anxiety, charging time and infrastructure, battery state of health, and impacts of vehicle to grid (V2G) operations, while increasing transportation safety. high performance EVs provide for increased levels of autonomous EV operation further enable increased transportation safety, while also adding levels of convenience and independence for the world’s aging population
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Tesla (United States), Daimler (Germany), BMW (Germany), Hyundai (South Korea), Nissan (Japan), Volkswagen (Germany), Chevrolet (United States), ZOTYE (China), Ranault (France) and Yutong (China) |
CAGR | % |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA estimates that China Vendors will contribute to the maximum growth of Global Automotive High-performance Electric Vehicles market throughout the predicted period.
Tesla (United States), Daimler (Germany), BMW (Germany), Hyundai (South Korea), Nissan (Japan), Volkswagen (Germany), Chevrolet (United States), ZOTYE (China), Ranault (France) and Yutong (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are JAC (China), Chery (China), Zhong Tong (China), King-long (China), KANDI (China) and SAIC (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Automotive High-performance Electric Vehicles market by Type , by Application (Home Use and Commercial Use) and Region with country level break-up.
On the basis of geography, the market of Automotive High-performance Electric Vehicles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 6th Feb 2020, German automaker Volkswagen has unveiled concept electric vehicle ID. Crozz at Auto Expo 2020, India. The carmaker also launched Race Polo, a racing hatchback, which the company claims is its fastest car in the country. ID. Crozz comes from carmaker's electric portfolio called 'ID. Family'. ID. stands for 'Identity' and 'Iconic Design
Automotive High-performance Electric Vehicles Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Increased trend in High Performance EVs, and in Converting Traditional Internal Combustion Engine (ICE) Vehicles to EVs
- The Launching of Budget-Friendly Automotive High-performance Electric Vehicles by Key Manufacturers
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Key Restraints | - High Cost Maintenance of Automotive High-performance Electric Vehicles
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Challenges | - Challenges of Cost, Range anxiety, Charging Time and Infrastructure, Battery State of Health in Electric Vehicle Industry
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Market Opportunities | - Growth in Research and Development of Battery State of Health in the Key players of India
- Potential Growth of Automotive Electric Vehicles in Most Emerging Economies like United States, China
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Key Target Audience
Automotive High-performance Electric Vehicles Manufacturers, Automotive High-performance Electric Vehicles Raw material suppliers, Automotive High-performance Electric Vehicles Enterprises, Research Institutes, Suppliers and Distributors, Government Associations and Others