Asia Pacific electric vehicle market will grow by 19.0% over 2020-2030 with a total addressable market cap of $4.29 billion in the fast-growing region.
Highlighted with 41 tables and 72 figures, this 129-page report "Asia Pacific Electric Vehicle (EV) Market 2020-2030 by Offering, Propulsion Technology (BEV, HEV, PHEV, FCEV), Power Source, Charging Level (Level 1, Level 2, Fast Charging), Vehicle Type, and Country: Trend Outlook and Growth Opportunity" is based on a comprehensive research of the entire Asia Pacific electric vehicle market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. In this report 2019 is the base year for market analysis, with estimates and forecast covering 2020-2030. (Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify Asia Pacific electric vehicle market in every aspect of the classification from perspectives of Offering, Propulsion Technology, Power Source, Charging Level, Vehicle Type, and Country.
Based on offering, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ bn) for 2019-2030 included in each section.
Hardware
• Battery
• Motor
• Regenerative Brakes
• Infotainment System
• On-Board Charger
Software
Service
Based on Propulsion Technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ bn) and sales volume (million units) for 2019-2030 included in each section.
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)
Based on Power Source, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ bn) and sales volume (million units) for 2019-2030 included in each section.
• Onboard Electricity Storage
• Onboard Electricity Generation
Based on Charging Level, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ bn) and sales volume (million units) for 2019-2030 included in each section. Each segment is further split by sensor type.
• Level 1
• Level 2
• Fast Charging
Based on Vehicle Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ bn) and sales volume (million units) for 2019-2030 included in each section.
Passenger Cars
Commercial Vehicles
• Buses
• Heavy Trucks
• Light Commercial Vehicles
Two-Wheelers
Other Vehicle Types
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
For each of the aforementioned countries, market analysis and revenue/sales volume data are available for 2019-2030. The breakdown of major national markets by Propulsion Technology, Charging Level, and Vehicle Type over the study years (2019-2030) is also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Asia Pacific electric vehicle market are assayed quantitatively and qualitatively through GMD's Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
BMW Group
BYD Company Ltd.
Ford Motor Company
Geely-Volvo
General Motors Company
Honda Motors Co., Ltd.
Hyundai-Kia
LG Chem Ltd.
Mitsubishi Motors Corporation
Nissan Motor Corporation Ltd.
Panasonic Corporation
SAIC
Samsung SDI
Tesla Inc.
Toyota Motor Corporation
Volkswagen Group
(Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.2 Major Growth Drivers 23
2.3 Market Restraints and Challenges 26
2.4 Emerging Opportunities and Market Trends 29
2.5 Porter's Fiver Forces Analysis 32
3 Segmentation of Asia Pacific Market by Offering 36
3.1 Market Overview by Offering 36
3.2 Hardware 38
3.3 Software 39
3.4 Service 40
4 Segmentation of Asia Pacific Market by Propulsion Technology 41
4.1 Market Overview by Propulsion Technology 41
4.2 Battery Electric Vehicle (BEV) 44
4.3 Hybrid Electric Vehicle (HEV) 46
4.4 Plug-in Hybrid Electric Vehicle (PHEV) 48
4.5 Fuel Cell Electric Vehicle (FCEV) 50
5 Segmentation of Asia Pacific Market by Power Source 52
5.1 Market Overview by Power Source 52
5.2 Onboard Electricity Storage 55
5.3 Onboard Electricity Generation 57
6 Segmentation of Asia Pacific Market by Charging Level 59
6.1 Market Overview by Charging Level 59
6.2 Level 1 Charging 63
6.3 Level 2 Charging 65
6.4 Fast Charging 67
7 Segmentation of Asia Pacific Market by Vehicle Type 69
7.1 Market Overview by Vehicle Type 69
7.2 Passenger Cars 72
7.3 Commercial Vehicles 74
7.4 Two-Wheelers 76
7.5 Other Vehicle Types 78
8 Asia-Pacific Market 2019-2030 by Country 80
8.1 Overview of Asia-Pacific Market 80
8.2 Japan 83
8.3 China 86
8.4 Australia 89
8.5 India 92
8.6 South Korea 95
8.7 Rest of APAC Region 98
9 Competitive Landscape 100
9.1 Overview of Key Vendors 100
9.2 New Product Launch, Partnership, Investment, and M&A 104
9.3 Company Profiles 106
BMW Group 106
BYD Company Ltd. 108
Ford Motor Company 109
Geely-Volvo 110
General Motors Company 111
Honda Motors Co., Ltd. 112
Hyundai-Kia 113
LG Chem Ltd. 114
Mitsubishi Motors Corporation 115
Nissan Motor Corporation Ltd. 116
Panasonic Corporation 117
SAIC 118
Samsung SDI 119
Tesla Inc. 120
Toyota Motor Corporation 121
Volkswagen Group 122
10 Investing in Asia Pacific Market: Risk Assessment and Management 123
10.1 Risk Evaluation of Asia Pacific Market 123
10.2 Critical Success Factors (CSFs) 126
Related Reports and Products 129
Table 1. Snapshot of Asia Pacific Electric Vehicle Market, 2019-2030 17
Table 2. Milestones of Electric Vehicle Development, 1996-2019 21
Table 3. Main Product Trends and Market Opportunities in Asia Pacific Electric Vehicle Market 29
Table 4. Asia Pacific Electric Vehicle Market by Offering, 2019-2030, $ bn 36
Table 5. Asia Pacific Electric Vehicle Market by Component, 2019-2030, $ bn 38
Table 6. Asia Pacific Electric Vehicle Market by Propulsion Technology, 2019-2030, $ bn 41
Table 7. Asia Pacific Electric Vehicle Market by Propulsion Technology, 2019-2030, million units 42
Table 8. Asia Pacific Electric Vehicle Market by Power Source, 2019-2030, $ bn 52
Table 9. Asia Pacific Electric Vehicle Market by Power Source, 2019-2030, million units 53
Table 10. Characteristics of Charging Levels as Defined by the SAE and Charging Modes as Defined by the IEC 59
Table 11. Asia Pacific Electric Vehicle Market by Charging Level, 2019-2030, $ bn 60
Table 12. Asia Pacific Electric Vehicle Market by Charging Level, 2019-2030, million units 61
Table 13. Asia Pacific Electric Vehicle Market by Vehicle Type, 2019-2030, $ bn 69
Table 14. Asia Pacific Electric Vehicle Market by Vehicle Type, 2019-2030, million units 70
Table 15. Asia Pacific Commercial Electric Vehicle Market by Vehicle Type, 2019-2030, $ bn 74
Table 16. APAC Electric Vehicle Market by Country, 2019-2030, $ bn 81
Table 17. Japan Electric Vehicle Market by Propulsion Technology, 2019-2030, $ bn 85
Table 18. Japan Electric Vehicle Market by Charging Level, 2019-2030, $ bn 85
Table 19. Japan Electric Vehicle Market by Vehicle Type, 2019-2030, $ bn 85
Table 20. China Electric Vehicle Market by Propulsion Technology, 2019-2030, $ bn 88
Table 21. China Electric Vehicle Market by Charging Level, 2019-2030, $ bn 88
Table 22. China Electric Vehicle Market by Vehicle Type, 2019-2030, $ bn 88
Table 23. Australia Electric Vehicle Market by Propulsion Technology, 2019-2030, $ bn 91
Table 24. Australia Electric Vehicle Market by Charging Level, 2019-2030, $ bn 91
Table 25. Australia Electric Vehicle Market by Vehicle Type, 2019-2030, $ bn 91
Table 26. India Electric Vehicle Market by Propulsion Technology, 2019-2030, $ bn 94
Table 27. India Electric Vehicle Market by Charging Level, 2019-2030, $ bn 94
Table 28. India Electric Vehicle Market by Vehicle Type, 2019-2030, $ bn 94
Table 29. South Korea Electric Vehicle Market by Propulsion Technology, 2019-2030, $ bn 97
Table 30. South Korea Electric Vehicle Market by Charging Level, 2019-2030, $ bn 97
Table 31. South Korea Electric Vehicle Market by Vehicle Type, 2019-2030, $ bn 97
Table 32. Electric Vehicle Market in Rest of APAC by Country, 2019-2030, $ bn 99
Table 33. Breakdown of Asia Pacific Market by Automaker, 2019, % 102
Table 34. Breakdown of Asia Pacific Market by Battery Supplier, 2019, % 102
Table 35. BMW Group: Company Snapshot 106
Table 36. BMW Group: Business Segmentation 106
Table 37. BMW Group: Product Portfolio 107
Table 38. BMW Group: Revenue, 2016-2018, $ bn 107
Table 39. BMW Group: Recent Developments 107
Table 40. Risk Evaluation for Investing in Asia Pacific Market, 2019-2030 124
Table 41. Critical Success Factors and Key Takeaways 127
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 16
Figure 4. Asia Pacific Electric Vehicle Market, 2019-2030, $ bn 19
Figure 5. Asia Pacific Electric Vehicle Market, 2019-2030, million units 20
Figure 6. Average Selling Price of Electric Vehicles, 2019-2030, thousand USD/unit 20
Figure 7. Share of Electric Vehicle Sales in Total Car Sales in Worldwide Market, 2019-2030, % 22
Figure 8. Primary Drivers and Impact Factors of Asia Pacific Electric Vehicle Market 23
Figure 9. Primary Restraints and Impact Factors of Asia Pacific Electric Vehicle Market 26
Figure 10. Porter's Fiver Forces Analysis of Asia Pacific Electric Vehicle Market 32
Figure 11. Breakdown of Asia Pacific Electric Vehicle Market by Offering, 2019-2030, % of Revenue 36
Figure 12. Contribution to Asia Pacific 2020-2030 Cumulative Revenue by Offering, Value ($ bn) and Share (%) 37
Figure 13. Asia Pacific Electric Vehicle Market: Hardware, 2019-2030, $ bn 38
Figure 14. Asia Pacific Electric Vehicle Market: Software, 2019-2030, $ bn 39
Figure 15. Asia Pacific Electric Vehicle Market: Service, 2019-2030, $ bn 40
Figure 16. Breakdown of Asia Pacific Electric Vehicle Market by Propulsion Technology, 2019-2030, % of Revenue 41
Figure 17. Breakdown of Asia Pacific Electric Vehicle Market by Propulsion Technology, 2019-2030, % of Sales Volume 42
Figure 18. Contribution to Asia Pacific 2020-2030 Cumulative Revenue by Propulsion Technology, Value ($ bn) and Share (%) 43
Figure 19. Contribution to Asia Pacific 2020-2030 Cumulative Revenue by Propulsion Technology, Volume (million units) and Share (%) 43
Figure 20. Asia Pacific Electric Vehicle Market: Battery Electric Vehicle (BEV), 2019-2030, $ bn 44
Figure 21. Asia Pacific Electric Vehicle Market: Battery Electric Vehicle (BEV), 2019-2030, million units 45
Figure 22. Asia Pacific Electric Vehicle Market: Hybrid Electric Vehicle (HEV), 2019-2030, $ bn 46
Figure 23. Asia Pacific Electric Vehicle Market: Hybrid Electric Vehicle (HEV), 2019-2030, million units 47
Figure 24. Asia Pacific Electric Vehicle Market: Plug-in Hybrid Electric Vehicle (PHEV), 2019-2030, $ bn 48
Figure 25. Asia Pacific Electric Vehicle Market: Plug-in Hybrid Electric Vehicle (PHEV), 2019-2030, million units 49
Figure 26. Plug-in Electric Vehicle Ownership Per Capita in Top Selling Countries, December 2018-2030, units per 1000 people 49
Figure 27. Asia Pacific Electric Vehicle Market: Fuel Cell Electric Vehicle (FCEV), 2019-2030, $ bn 50
Figure 28. Asia Pacific Electric Vehicle Market: Fuel Cell Electric Vehicle (FCEV), 2019-2030, million units 51
Figure 29. Breakdown of Asia Pacific Electric Vehicle Market by Power Source, 2019-2030, % of Revenue 52
Figure 30. Breakdown of Asia Pacific Electric Vehicle Market by Power Source, 2019-2030, % of Sales Volume 53
Figure 31. Contribution to Asia Pacific 2020-2030 Cumulative Revenue by Power Source, Value ($ bn) and Share (%) 54
Figure 32. Contribution to Asia Pacific 2020-2030 Cumulative Revenue by Power Source, Volume (million units) and Share (%) 54
Figure 33. Asia Pacific Electric Vehicle Market: Onboard Electricity Storage, 2019-2030, $ bn 55
Figure 34. Asia Pacific Electric Vehicle Market: Onboard Electricity Storage, 2019-2030, million units 56
Figure 35. Asia Pacific Electric Vehicle Market: Onboard Electricity Generation, 2019-2030, $ bn 57
Figure 36. Asia Pacific Electric Vehicle Market: Onboard Electricity Generation, 2019-2030, million units 58
Figure 37. Breakdown of Asia Pacific Electric Vehicle Market by Charging Level, 2019-2030, % of Revenue 60
Figure 38. Breakdown of Asia Pacific Electric Vehicle Market by Charging Level, 2019-2030, % of Sales Volume 61
Figure 39. Contribution to Asia Pacific 2020-2030 Cumulative Revenue by Charging Level, Value ($ bn) and Share (%) 62
Figure 40. Contribution to Asia Pacific 2020-2030 Cumulative Revenue by Charging Level, Volume (million units) and Share (%) 62
Figure 41. Asia Pacific Electric Vehicle Market: Level 1 Charging, 2019-2030, $ bn 63
Figure 42. Asia Pacific Electric Vehicle Market: Level 1 Charging, 2019-2030, million units 64
Figure 43. Asia Pacific Electric Vehicle Market: Level 2 Charging, 2019-2030, $ bn 65
Figure 44. Asia Pacific Electric Vehicle Market: Level 2 Charging, 2019-2030, million units 66
Figure 45. Asia Pacific Electric Vehicle Market: Fast Charging, 2019-2030, $ bn 67
Figure 46. Asia Pacific Electric Vehicle Market: Fast Charging, 2019-2030, million units 68
Figure 47. Breakdown of Asia Pacific Electric Vehicle Market by Vehicle Type, 2019-2030, % of Revenue 69
Figure 48. Breakdown of Asia Pacific Electric Vehicle Market by Vehicle Type, 2019-2030, % of Sales Volume 70
Figure 49. Contribution to Asia Pacific 2020-2030 Cumulative Revenue by Vehicle Type, Value ($ bn) and Share (%) 71
Figure 50. Contribution to Asia Pacific 2020-2030 Cumulative Revenue by Vehicle Type, Volume (million units) and Share (%) 71
Figure 51. Asia Pacific Electric Vehicle Market: Passenger Cars, 2019-2030, $ bn 72
Figure 52. Asia Pacific Electric Vehicle Market: Passenger Cars, 2019-2030, million units 73
Figure 53. Asia Pacific Electric Vehicle Market: Commercial Vehicles, 2019-2030, $ bn 74
Figure 54. Asia Pacific Electric Vehicle Market: Commercial Vehicles, 2019-2030, million units 75
Figure 55. Asia Pacific Electric Vehicle Market: Two-Wheelers, 2019-2030, $ bn 76
Figure 56. Asia Pacific Electric Vehicle Market: Two-Wheelers, 2019-2030, million units 77
Figure 57. Asia Pacific Electric Vehicle Market: Other Vehicle Types, 2019-2030, $ bn 78
Figure 58. Asia Pacific Electric Vehicle Market: Other Vehicle Types, 2019-2030, million units 79
Figure 59. Breakdown of APAC Electric Vehicle Market by Country, 2019 and 2030, % of Revenue 81
Figure 60. Contribution to APAC 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 82
Figure 61. Electric Vehicle Market in Japan, 2019-2030, $ bn 84
Figure 62. Electric Vehicle Market in Japan, 2019-2030, thousand units 84
Figure 63. Electric Vehicle Market in China, 2019-2030, $ bn 86
Figure 64. Electric Vehicle Market in China, 2019-2030, thousand units 87
Figure 65. Electric Vehicle Market in Australia, 2019-2030, $ bn 89
Figure 66. Electric Vehicle Market in Australia, 2019-2030, thousand units 90
Figure 67. Electric Vehicle Market in India, 2019-2030, $ bn 92
Figure 68. Electric Vehicle Market in India, 2019-2030, thousand units 93
Figure 69. Electric Vehicle Market in South Korea, 2019-2030, $ bn 95
Figure 70. Electric Vehicle Market in South Korea, 2019-2030, thousand units 96
Figure 71. Electric Vehicle Market in Rest of APAC, 2019-2030, $ bn 98
Figure 72. Growth Stage of Asia Pacific Electric Vehicle Industry over the Forecast Period 100
The Pool Vehicle Management Systems Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, ma...
The Vehicle Pool Management Services Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, ma...
The Vehicle Roadside Assistance Service Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape,...
The Vehicle and Cargo Matching Platform Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape,...
Market Overview
The Asia Pacific Vanadium Market is poised for substantial growth from 2024 to 2034, driven by increasing demand across various industries and technological advancements in vanadium production. The market is projected to reach USD XX.XX billion by 2034, growing at a comp...
Market Overview
The Asia Pacific Vascular Closure Devices Market is anticipated to experience substantial growth from 2024 to 2034. The market's expansion is fueled by advancements in vascular closure technologies, increasing prevalence of cardiovascular diseases, and the growing adopti...
Market Overview
The Asia Pacific Nuclear Medicine Market is poised for significant growth from 2024 to 2034, driven by advancements in nuclear imaging technologies, increased application in various medical fields, and rising healthcare investments across the region. The market is expect...
Market Overview
The Asia Pacific Anti-Pollution Mask Market is set to experience substantial growth from 2024 to 2034. Starting with a market valuation of USD XX.XX billion in 2024, it is projected to reach USD XX.XX billion by 2034, reflecting a significant compound annual growth rate ...
Market Overview
The Asia Pacific Ethnic Wear Market is anticipated to experience robust growth from 2024 to 2034. Starting with a market valuation of USD XX.XX billion in 2024, it is projected to surge to USD XX.XX billion by 2034, reflecting a strong compound annual growth rate (CAGR) ...
Market Overview
The Asia Pacific FinTech Investment Market is poised for significant expansion from 2024 to 2034. With an initial valuation of USD XX.XX billion in 2024, the market is forecasted to reach USD XX.XX billion by 2034, reflecting a robust compound annual growth rate (CAGR) o...