What is the global market size of Electric Mobility Market?

Global Electric Mobility Market size was valued at USD 95.31 billion in 2021 and is poised to grow from USD 109.23 billion in 2022 to USD 372.38 billion by 2030, growing at a CAGR of 14.6% in the forecast period (2023-2030).

What is the key market trend for Global Electric Mobility Market?

The escalating environmental issues, including carbon emissions and greenhouse gas emissions, are what is fueling the expansion of the worldwide electric mobility market. The global transportation and automotive sectors are both expanding as a result of this issue. The global market for electric mobility is expected to rise due to the hazardous emissions that conventional or fuel-based vehicles release. As a result of these hazardous chemicals, air pollution levels rise. This had stopped the global vehicle industry from growing.

Electric Mobility Companies

Electric Mobility Market Competitive Landscape

The global electric mobility market is relatively fragmented, with a high level of competition. Few large players, Vmoto Limited ABN, Tesla, Terra Motors, Continental AG, ALTA MOTORS, Accell Group, Nissan Motors Corporation, Zero Motorcycles, Inc., Kinetic Green Energy & Power Solutions Ltd., Ford Motor Company, Honda Motor Co. Ltd now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.

Top Players in the Global Electric Mobility Market

Tesla Inc.
Nissan Motor Corporation
BMW MOTORRAD
General Motors Company
BYD Auto Co. Ltd.
Daimler AG
Ford Motor Company
Volkswagen AG
Toyota Motor Corporation
Honda Motor Co., Ltd.
Hyundai Motor Company
Kia Corporation
Renault SA
Mahindra & Mahindra Ltd.
Tata Motors Limited
Bajaj Auto Limited
Hero Electric Vehicles Pvt. Ltd.
Piaggio & C. SpA
Zero Motorcycles Inc.
Brammo Inc.

Electric Mobility Market

FAQs

Electric Mobility Market size was valued at USD 95.31 billion in 2019 and is poised to grow from USD 109.23 billion in 2023 to USD 372.38 billion by 2031, growing at a CAGR of 14.6% in the forecast period (2024-2031).

The electric mobility market is relatively fragmented, with a high level of competition. Few large players, Vmoto Limited ABN, Tesla, Terra Motors, Continental AG, ALTA MOTORS, Accell Group, Nissan Motors Corporation, Zero Motorcycles, Inc., Kinetic Green Energy & Power Solutions Ltd., Ford Motor Company, Honda Motor Co. Ltd now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Tesla Inc.', 'Nissan Motor Corporation', 'BMW MOTORRAD', 'General Motors Company ', 'BYD Auto Co. Ltd.', 'Daimler AG', 'Ford Motor Company', 'Volkswagen AG', 'Toyota Motor Corporation', 'Honda Motor Co., Ltd.', 'Hyundai Motor Company', 'Kia Corporation', 'Renault SA', 'Mahindra & Mahindra Ltd.', 'Tata Motors Limited', 'Bajaj Auto Limited', 'Hero Electric Vehicles Pvt. Ltd.', 'Piaggio & C. SpA', 'Zero Motorcycles Inc.', 'Brammo Inc.'

Rising Level of Greenhouse Gases to Boost Market Growth

The escalating environmental issues, including carbon emissions and greenhouse gas emissions, are what is fueling the expansion of the worldwide electric mobility market. The transportation and automotive sectors are both expanding as a result of this issue. The market for electric mobility is expected to rise due to the hazardous emissions that conventional or fuel-based vehicles release. As a result of these hazardous chemicals, air pollution levels rise. This had stopped the vehicle industry from growing.

Due to the adoption of electric vehicles, notably electric scooters, and electric bikes, in developing nations like India and China, the Asia-Pacific region has the largest market share (22.8%) and CAGR (53.89%) throughout the course of the forecast. Additionally, the rising cost of fuel and growing public concern over rising pollution will foster additional market expansion. China and Japan are among the top producers and distributors of electric vehicles in Asia. Furthermore, given that China accounts for the majority of EV demand, the country is anticipated to dominate the regional market throughout the projection period.

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Electric Mobility Market Size, Share, Growth Analysis, By Product(Electric scooter, electric bicycle, electric wheelchair, electric motorcycle), By Battery(Sealed lead acid, NiMH, Li-ion), By Voltage(Less than 24V, 24V, 36V, 48V), By Region - Industry Forecast 2024-2031

Electric Mobility Market Competitive Landscape

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Electric Mobility Market Size, Share, Growth Analysis, By Product(Electric scooter, electric bicycle, electric wheelchair, electric motorcycle), By Battery(Sealed lead acid, NiMH, Li-ion), By Voltage(Less than 24V, 24V, 36V, 48V), By Region - Industry Forecast 2024-2031

Electric Mobility Market Competitive Landscape

Electric Mobility Market Report Snapshots

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