About Electric Mobility
Electromobility is referred to as the utilization of electric cars, and e-bikes or pedicels, electric motorbikes, e-buses and e-trucks. The electric mobility market is a sub-sector of the automotive industry exclusively focused on developing and producing vehicles powered by electric propulsion systems. This includes charging stations, advanced battery technology, and software solutions that support the usage of electric vehicles. The primary objective of this electric mobility industry is to reduce the dependence on fossil fuels, minimize the negative environmental impact caused by traditional forms of transportation, and promote sustainable and eco-friendly alternatives. Rapid advancements in battery technology have significantly enhanced the performance and affordability of electric vehicles, making them increasingly competitive with traditional internal combustion engine vehicles.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The future of the electric mobility market is uncertain, but it is clear that electric vehicles are the future of transportation. The companies that are able to develop the most compelling products and business models will be the ones that succeed in this growing market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electric Mobility market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Uber Technologies, Inc. (United States), Green Motion International (United Kingdom), Lime (United States), Bird Rides, Inc. (United States), DiDi Global Inc. (China), Lyft, Inc. (United States), Zipcar, Inc. (United States), Spin (United States), BluSmart Tech Pvt Ltd (India), Hertz Global Holdings, Inc. (United States), Sixt (Germany), Avis (United States), Dott (Netherlands) and OHM Global Mobility (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Electric Mobility market by Type (Electric Two Wheelers, Electric Three Wheelers, Electric Car, Electric Bus and Others), Application (Personal Transportation, Public Transportation and Delivery and Logistic Transportation) and Region.
On the basis of geography, the market of Electric Mobility 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). If we see Market by Business Model, the sub-segment i.e. B2B will boost the Electric Mobility market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Type, the sub-segment i.e. Ride Hailing will boost the Electric Mobility market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Sales of Electric Two-Wheeler Vehicle
Market Growth Drivers:
Rising demand for environmentally friendly transportation and Increasing Energy independence offered by electric mobility solutions
Challenges:
Lack of information and awareness in underdeveloped areas
Restraints:
Lack of charging infrastructure
Opportunities:
Development of autonomous electric vehicles and Technological Advancements in Battery Technology
Market Leaders and their expansionary development strategies
In April 2023, VIDA, Powered by Hero, has partnered with Lucknow Super Giants (LSG) to become their official electric-mobility partner. As the official electric-mobility partner of the LSG, the Vida logo will be prominently visible on the player helmets and caps.
In October 2023, Scania launched its latest battery-electric bus platform at Busworld. This new platform promises to offer advanced technical features and enhanced performance, making it an attractive choice for transportation companies looking to upgrade their fleets with electric buses.
Key Target Audience
Environmentally conscious consumers, Market Research and Consulting Firm, Government & Regulatory Bodies, Potential Investors, Manufacturing Companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.