Electric Mobility Market Analysis and Forecast to 2032: By Product Type (Electric Bicycle, Electric Scooter, Electric Car, Electric Motorcycle, Others), Battery Type (Sealed Lead Acid, Li-ion, NiMH), Voltage Type (Less than 24V, 24V, 36V, 48V, Greater than 48V), and Region
The electric mobility market size was USD 111.6 Billion in 2022 and is anticipated to reach USD 327.1 Billion in 2032, growing at a rate of 11.3% from 2023 to 2032.
Electric mobility is the movement of people or goods using electrically powered vehicles, such as electric cars, bicycles, and trains. The term is often used in the context of sustainable transportation, as electric vehicles emit no or very low levels of greenhouse gases and air pollution.
Electric vehicles are typically more efficient than gasoline or diesel vehicles, as they convert a greater percentage of energy from the power source (usually batteries) into motion. For example, electric cars are about 60-70% efficient, while gasoline cars are only about 20% efficient.
Key Trends
There are a few key trends in electric mobility technology:
1. Increased range and performance: Electric vehicles are becoming more and more capable, with many new models having a range of over 200 miles on a single charge.
2. More affordable prices: Electric vehicles are becoming more affordable as prices continue to drop. Many new models are now available for under $30,000, making them more accessible to a wider range of consumers.
3. Improved infrastructure: The charging infrastructure for electric vehicles is also improving, with more public charging stations being installed in cities and towns across the country. This is making it easier for people to own and operate an electric vehicle.
Key Drivers
There are several key drivers of the electric mobility market.
Firstly, electric vehicles (EVs) offer a more sustainable and environmentally friendly option than traditional petrol or diesel cars. EVs produce zero emissions, which helps to improve air quality and reduce greenhouse gas emissions.
Secondly, EVs are becoming increasingly affordable as technology improves and battery prices continue to fall. This is making EVs a more attractive option for consumers, especially in light of rising fuel prices.
Finally, the range and performance of EVs are improving all the time, making them a viable option for longer journeys and more demanding driving conditions.
Restraints & Challenges
The key restraints and challenges in the Electric Mobility market are as follows:
1. Lack of infrastructure: One of the key restraints in the electric mobility market is the lack of infrastructure. There is a lack of charging stations and other infrastructure necessary to support electric vehicles.
2. High cost: Another key restraint in the electric mobility market is the high cost of electric vehicles. Electric vehicles are typically more expensive than traditional gasoline-powered vehicles.
3. Range anxiety: Range anxiety is another key challenge in the electric mobility market. This is the fear that an electric vehicle will not have enough charge to make it to the destination.
4. Lack of awareness: Lack of awareness is another key challenge in the electric mobility market. Many consumers are not aware of the benefits of electric vehicles.
Market Segments
The Electric Mobility market has been segmented into Product Type, Battery Type, Voltage Type, and Region. Based on the Product Type, the Electric Mobility market is segmented into Electric Bicycle, Electric Scooter, Electric Car, Electric Motorcycle, and Others. On the basis of Battery Type, the market is segmented into Sealed Lead Acid, Li-ion, and NiMH. Based on Voltage Type, the market is segmented into Less than 24V, 24V, 36V, 48V, and Greater than 48V. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
Some of the key players of Electric Mobility market are Renault SAS (France), Gogoro Inc. (Taiwan), BMW Motorcycles (US), Honda Motor Co., Ltd. (Japan), Husqvarna E-Bicycles (Sweden), Segway Inc. (China), Terra Motors Corporation (Japan), Vmoto Limited (Australia), Zero Motorcycles, Inc (US), and Tesla (US).
Electric Mobility Market Report Coverage
- The report offers a comprehensive quantitative as well as qualitative analysis of the current Electric Mobility Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
- The report also covers qualitative as well as quantitative analysis of Electric Mobility Market in terms of revenue ($Billion).
- Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Electric Mobility Industry.
- A thorough analysis of market trends and restraints is provided.
- By region as well as country market analysis is also presented in this report.
- Analytical depiction of the Electric Mobility Market along with the current trends and future estimations to depict imminent investment pockets. The overall Electric Mobility industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
- Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Electric Mobility Market are also analyzed.
Table of Contents
Chapter 1. Electric Mobility Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, By Region
3.2. Market Attractiveness Analysis, By Product Type
3.3. Market Attractiveness Analysis, By Battery Type
3.4. Market Attractiveness Analysis, By Voltage Type
Chapter 4. Electric Mobility Market Outlook
4.1. Electric Mobility Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Electric Mobility Market
4.7. Impact of the Russia and Ukraine War on the Electric Mobility Market
4.8. Case Study Analysis
4.9. Pricing Analysis
Chapter 5. Electric Mobility Market By Product Type
5.1. Market Overview
5.2. Electric Bicycle
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market Size And Forecast, By Region
5.3. Electric Scooter
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market Size And Forecast, By Region
5.4. Electric Car
5.4.1. Key Market Trends & Opportunity Analysis
5.4.2. Market Size And Forecast, By Region
5.5. Electric Motorcycle
5.5.1. Key Market Trends & Opportunity Analysis
5.5.2. Market Size And Forecast, By Region
5.6. Others
5.6.1. Key Market Trends & Opportunity Analysis
5.6.2. Market Size And Forecast, By Region
Chapter 6. Electric Mobility Market By Battery Type
6.1. Market Overview
6.2. Sealed Lead Acid
6.2.1. Key Market Trends & Opportunity Analysis
6.2.2. Market Size And Forecast, By Region
6.3. Li-ion
6.3.1. Key Market Trends & Opportunity Analysis
6.3.2. Market Size And Forecast, By Region
6.4. NiMH
6.4.1. Key Market Trends & Opportunity Analysis
6.4.2. Market Size And Forecast, By Region
Chapter 7. Electric Mobility Market By Voltage Type
7.1. Market Overview
7.2. Less than 24V
7.2.1. Key Market Trends & Opportunity Analysis
7.2.2. Market Size And Forecast, By Region
7.3. 24V
7.3.1. Key Market Trends & Opportunity Analysis
7.3.2. Market Size And Forecast, By Region
7.4. 36V
7.4.1. Key Market Trends & Opportunity Analysis
7.4.2. Market Size And Forecast, By Region
7.5. 48V
7.5.1. Key Market Trends & Opportunity Analysis
7.5.2. Market Size And Forecast, By Region
7.6. Greater than 48V
7.6.1. Key Market Trends & Opportunity Analysis
7.6.2. Market Size And Forecast, By Region
Chapter 8. Multi-Cloud Management Market, By Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends And Opportunities
8.2.2. North America Electric Mobility Market Size And Forecast By Product Type
8.2.3. North America Electric Mobility Market Size And Forecast By Battery Type
8.2.4. North America Electric Mobility Market Size And Forecast By Voltage Type
8.2.5. North America Electric Mobility Market Size And Forecast By Country
8.2.6. The U.S.
8.2.6.1. The U.S. Electric Mobility Market Size And Forecast By Product Type
8.2.6.2. The U.S. Electric Mobility Market Size And Forecast By Battery Type
8.2.6.3. U.S. Electric Mobility Market Size And Forecast By Voltage Type
8.2.7. Canada
8.2.7.1. Canada Electric Mobility Market Size And Forecast By Product Type
8.2.7.2. Canada Electric Mobility Market Size And Forecast By Battery Type
8.2.7.3. Canada Electric Mobility Market Size And Forecast By Voltage Type
8.2.8. Mexico
8.2.8.1. Mexico Electric Mobility Market Size And Forecast By Product Type
8.2.8.2. Mexico Electric Mobility Market Size And Forecast By Battery Type
8.2.8.3. Mexico Electric Mobility Market Size And Forecast By Voltage Type
8.3. Europe
8.3.1. Key Market Trends And Opportunities
8.3.2. Europe Electric Mobility Market Size And Forecast By Product Type
8.3.3. Europe Electric Mobility Market Size And Forecast By Battery Type
8.3.4. Europe Electric Mobility Market Size And Forecast By Voltage Type
8.3.5. Europe Electric Mobility Market Size And Forecast By Country
8.3.5.1. Germany
8.3.5.2. Germany Electric Mobility Market Size And Forecast By Product Type
8.3.5.3. Germany Electric Mobility Market Size And Forecast By Battery Type
8.3.5.4. Germany Electric Mobility Market Size And Forecast By Voltage Type
8.3.6. France
8.3.6.1. France Electric Mobility Market Size And Forecast By Product Type
8.3.6.2. France Electric Mobility Market Size And Forecast By Battery Type
8.3.6.3. France Electric Mobility Market Size And Forecast By Battery Type
8.3.7. U.K
8.3.7.1. U.K. Electric Mobility Market Size And Forecast By Product Type
8.3.7.2. U.K. Electric Mobility Market Size And Forecast By Battery Type
8.3.7.3. U.K. Electric Mobility Market Size And Forecast By Battery Type
8.3.8. Spain
8.3.8.1. Spain Electric Mobility Market Size And Forecast By Product Type
8.3.8.2. Spain Electric Mobility Market Size And Forecast By Battery Type
8.3.8.3. Spain Electric Mobility Market Size And Forecast By Voltage Type
8.3.9. Italy
8.3.9.1. Italy Electric Mobility Market Size And Forecast By Product Type
8.3.9.2. Italy Electric Mobility Market Size And Forecast By Battery Type
8.3.9.3. Italy Electric Mobility Market Size And Forecast By Voltage Type
8.3.10. Russia
8.3.10.1. Russia Electric Mobility Market Size And Forecast By Product Type
8.3.10.2. Russia Electric Mobility Market Size And Forecast By Battery Type
8.3.10.3. Russia Electric Mobility Market Size And Forecast By Voltage Type
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Electric Mobility Market Size And Forecast By Product Type
8.3.11.2. Rest of Europe Electric Mobility Market Size And Forecast By Battery Type
8.3.11.3. Rest of Europe Electric Mobility Market Size And Forecast By Voltage Type
8.4. Asia-Pacific
8.4.1. Key Market Trends And Opportunities
8.4.2. Asia-Pacific Electric Mobility Market Size And Forecast By Country
8.4.3. Asia-Pacific Electric Mobility Market Size And Forecast By Product Type
8.4.4. Asia-Pacific Electric Mobility Market Size And Forecast By Battery Type
8.4.5. Asia-Pacific Electric Mobility Market Size And Forecast By Voltage Type
8.4.6. China
8.4.6.1. China Electric Mobility Market Size And Forecast By Product Type
8.4.6.2. China Electric Mobility Market Size And Forecast By Battery Type
8.4.6.3. China Electric Mobility Market Size And Forecast By Voltage Type
8.4.7. India
8.4.7.1. India Electric Mobility Market Size And Forecast By Product Type
8.4.7.2. India Electric Mobility Market Size And Forecast By Battery Type
8.4.7.3. India Electric Mobility Market Size And Forecast By Voltage Type
8.4.8. Japan
8.4.8.1. Japan Electric Mobility Market Size And Forecast By Product Type
8.4.8.2. Japan Electric Mobility Market Size And Forecast By Battery Type
8.4.8.3. Japan Electric Mobility Market Size And Forecast By Voltage Type
8.4.9. South Korea
8.4.9.1. South Korea Electric Mobility Market Size And Forecast By Product Type
8.4.9.2. South Korea Electric Mobility Market Size And Forecast By Battery Type
8.4.9.3. South Korea Electric Mobility Market Size And Forecast By Voltage Type
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Electric Mobility Market Size And Forecast By Product Type
8.4.10.2. Rest of APAC Electric Mobility Market Size And Forecast By Battery Type
8.4.10.3. Rest of APAC Electric Mobility Market Size And Forecast By Voltage Type
8.5. Rest of The World
8.5.1. Key Market Trends And Opportunities
8.5.2. Rest of The World Electric Mobility Market Size And Forecast By Product Type
8.5.3. Rest of The World Electric Mobility Market Size And Forecast By Battery Type
8.5.4. Rest of The World Electric Mobility Market Size And Forecast By Voltage Type
8.5.5. Rest of The World Electric Mobility Market Size And Forecast By Country
8.5.6. Latin America
8.5.6.1. Latin America Electric Mobility Market Size And Forecast By Product Type
8.5.6.2. Latin America Electric Mobility Market Size And Forecast By Battery Type
8.5.6.3. Latin America Electric Mobility Market Size And Forecast By Voltage Type
8.5.7. Middle East
8.5.7.1. Middle East Electric Mobility Market Size And Forecast By Product Type
8.5.7.2. Middle East Electric Mobility Market Size And Forecast By Battery Type
8.5.7.3. Middle East Electric Mobility Market Size And Forecast By Voltage Type
8.5.8. Africa
8.5.8.1. Africa Electric Mobility Market Size And Forecast By Product Type
8.5.8.2. Africa Electric Mobility Market Size And Forecast By Battery Type
8.5.8.3. Africa Electric Mobility Market Size And Forecast By Voltage Type
Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, And Collaborations
9.3.5. Mergers And Acquisitions
Chapter 10. Company Profiles
10.1. Renault SAS (France)
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Gogoro Inc. (Taiwan)
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. BMW Motorcycles (US)
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Honda Motor Co., Ltd. (Japan)
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Husqvarna E-Bicycles (Sweden)
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Segway Inc. (China)
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Terra Motors Corporation (Japan)
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Vmoto Limited (Australia)
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Zero Motorcycles, Inc (US)
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Tesla (US)
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis
*The List of Company Is Subject To Change During The Final Compilation of The Report
Key Players
- Renault SAS (France)
- Gogoro Inc. (Taiwan)
- BMW Motorcycles (US)
- Honda Motor Co., Ltd. (Japan)
- Husqvarna E-Bicycles (Sweden)
- Segway Inc. (China)
- Terra Motors Corporation (Japan)
- Vmoto Limited (Australia)
- Zero Motorcycles, Inc (US)
- Tesla (US)
Market Segments
By Product Type
- Electric Bicycle
- Electric Scooter
- Electric Car
- Electric Motorcycle
- Others
By Battery Type
- Sealed Lead Acid
- Li-ion
- NiMH
By Voltage Type
- Less than 24V
- 24V
- 36V
- 48V
- Greater than 48V
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The U.K.
- Germany
- France
- Spain
- Italy
- Netherlands
- Sweden
- Switzerland
- Denmark
- Finland
- Russia
- Rest of Europe
- The Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Indonesia
- Taiwan
- Malaysia
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa