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EV Platform Trends and Forecast
The future of the global EV platform market looks promising with opportunities in the suspension system, steering system, motor system, battery, brake system, chassis, and electronic control unit markets. The global EV platform market is expected to reach an estimated $63.0 billion by 2030 with a CAGR of 25.6% from 2024 to 2030. The major drivers for this market are increasing interest in environment friendly energy and sustainable transportation choices, government incentives and policies promoting electric vehicle adoption, and technological advancements in the electric vehicle industry.
A more than 150-page report is dEVeloped to help in your business decisions. Sample figures with some insights are shown below.
EV Platform by Segment
The study includes a forecast for the global EV platform by electric vehicle type, vehicle type, component, and region.
EV Platform Market by Electric Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Battery Electric Vehicle
• Hybrid Electric Vehicle
EV Platform Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Sedan
• Hatchback
• Utility Vehicle
• Others
EV Platform Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Suspension Systems
• Steering Systems
• Motor Systems
• Batteries
• Brake Systems
• Chassis
• Electronic Control Units
EV Platform Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of EV Platform Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural dEVelopment, and lEVerage integration opportunities across the value chain. With these strategies EV platform companies cater increasing demand, ensure competitive effectiveness, dEVelop innovative products & technologies, reduce production costs, and expand their customer base. Some of the EV platform companies profiled in this report include-
• Nissan Motor
• Open Motors
• REE Auto
• Rivian
• Saic Motor
• Xaos Motors
• Baic Motor
• BMW
• BYD
• Byton
EV Platform Market Insights
Lucintel forecasts that utility vehicle is expected to witness highest growth over the forecast period because electric vehicle platforms provide adequate range capabilities to meet the operational needs.
North America will remain the largest region over the forecast period because multiple manufacturers invest in the advancement of electric vehicles and associated technologies in this region.
Features of the Global EV Platform Market
Market Size Estimates: EV platform market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: EV platform market size by electric vehicle type, vehicle type, component, and region in terms of value ($B).
Regional Analysis: EV platform market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different electric vehicle type, vehicle type, component, and regions for the EV platform market.
Strategic Analysis: This includes M&A, new product dEVelopment, and competitive landscape of the EV platform market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the EV platform market size?
Answer: The global EV platform market is expected to reach an estimated $63.0 billion by 2030.
Q.2 What is the growth forecast for EV platform market?
Answer: The global EV platform market is expected to grow with a CAGR of 25.6% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the EV platform market?
Answer: The major drivers for this market are increasing interest in environment friendly energy and sustainable transportation choices, government incentives and policies promoting electric vehicle adoption, and technological advancements in the electric vehicle industry.
Q4. What are the major segments for EV platform market?
Answer: The future of the global EV platform market looks promising with opportunities in the suspension system, steering system, motor system, battery, brake system, chassis, and electronic control unit markets.
Q5. Who are the key EV platform market companies?
Answer: Some of the key EV platform companies are as follows:
• Nissan Motor
• Open Motors
• REE Auto
• Rivian
• Saic Motor
• XAOS Motors
• Baic Motor
• BMW
• BYD
• Byton
Q6. Which EV platform market segment will be the largest in future?
Answer: Lucintel forecasts that utility vehicle is expected to witness highest growth over the forecast period because electric vehicle platforms provide adequate range capabilities to meet the operational needs.
Q7. In EV platform market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because multiple manufacturers invest in the advancement of electric vehicles and associated technologies in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the EV platform market by electric vehicle type (battery electric vehicle and hybrid electric vehicle), vehicle type (sedan, hatchback, utility vehicle, and others), component (suspension systems, steering systems, motor systems, batteries, brake systems, chassis, and electronic control units), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new dEVelopments in the market? Which companies are leading these dEVelopments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Ev Platform Market, Ev Platform Market Size, Ev Platform Market Growth, Ev Platform Market Analysis, Ev Platform Market Report, Ev Platform Market Share, Ev Platform Market Trends, Ev Platform Market Forecast, Ev Platform Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global EV Platform Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global EV Platform Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global EV Platform Market by Electric Vehicle Type
3.3.1: Battery Electric Vehicle
3.3.2: Hybrid Electric Vehicle
3.4: Global EV Platform Market by Vehicle Type
3.4.1: Sedan
3.4.2: Hatchback
3.4.3: Utility Vehicle
3.4.4: Others
3.5: Global EV Platform Market by Component
3.5.1: Suspension Systems
3.5.2: Steering Systems
3.5.3: Motor Systems
3.5.4: Batteries
3.5.5: Brake Systems
3.5.6: Chassis
3.5.7: Electronic Control Units
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global EV Platform Market by Region
4.2: North American EV Platform Market
4.2.1: North American EV Platform Market by Vehicle Type: Sedan, Hatchback, Utility Vehicle, and Others
4.2.2: North American EV Platform Market by Component: Suspension Systems, Steering Systems, Motor Systems, Batteries, Brake Systems, Chassis, and Electronic Control Units
4.3: European EV Platform Market
4.3.1: European EV Platform Market by Vehicle Type: Sedan, Hatchback, Utility Vehicle, and Others
4.3.2: European EV Platform Market by Component: Suspension Systems, Steering Systems, Motor Systems, Batteries, Brake Systems, Chassis, and Electronic Control Units
4.4: APAC EV Platform Market
4.4.1: APAC EV Platform Market by Vehicle Type: Sedan, Hatchback, Utility Vehicle, and Others
4.4.2: APAC EV Platform Market by Component: Suspension Systems, Steering Systems, Motor Systems, Batteries, Brake Systems, Chassis, and Electronic Control Units
4.5: ROW EV Platform Market
4.5.1: ROW EV Platform Market by Vehicle Type: Sedan, Hatchback, Utility Vehicle, and Others
4.5.2: ROW EV Platform Market by Component: Suspension Systems, Steering Systems, Motor Systems, Batteries, Brake Systems, Chassis, and Electronic Control Units
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global EV Platform Market by Electric Vehicle Type
6.1.2: Growth Opportunities for the Global EV Platform Market by Vehicle Type
6.1.3: Growth Opportunities for the Global EV Platform Market by Component
6.1.4: Growth Opportunities for the Global EV Platform Market by Region
6.2: Emerging Trends in the Global EV Platform Market
6.3: Strategic Analysis
6.3.1: New Product DEVelopment
6.3.2: Capacity Expansion of the Global EV Platform Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global EV Platform Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Nissan Motor
7.2: Open Motors
7.3: REE Auto
7.4: Rivian
7.5: Saic Motor
7.6: XAOS Motors
7.7: Baic Motor
7.8: BMW
7.9: BYD
7.10: Byton
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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