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Market Research Report

Solar Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Published by IMARC Services Private Limited Product code 933934
Published Content info 106 Pages
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Solar Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
Published: April 16, 2020 Content info: 106 Pages
Description

The global solar vehicle market is currently witnessing robust growth. Solar vehicles can be defined as electric automobiles that run on solar energy by using photovoltaic (PV) cells to convert energy from sunlight to electricity. These vehicles have either monocrystalline or polycrystalline panels and are available in two kinds: hybrid and electric. The hybrid variants run on an internal combustion engine (ICE) and an electric motor. Whereas, the electric variants run only on electric motors and store power in rechargeable batteries. These solar-powered vehicles are highly cost-effective and aid in minimizing both environmental and noise pollution.

Growing environmental consciousness across the globe is one of the primary factors driving the market growth. Governments of both developed and emerging economies are increasingly focusing on efforts and undertaking initiatives to minimize vehicular pollution. Consequently, automobile manufacturers are emphasizing on developing sustainable vehicles that reduce the overall dependence on fossil fuels and can operate on clean and renewable sources of energy. Furthermore, the widespread adoption of electric vehicles (EVs) is also providing a boost to the market growth. Additionally, various technological advancements, including the development of automated solar sunroofs that can minimize the time required for charging the vehicle, are also creating a positive outlook for the market growth. Other factors, including the rising demand for fuel-efficient automobiles and research and development (R&D) activities for developing innovative technologies to harness solar energy, are projected to drive the market further. Looking forward, IMARC Group expects the market to register a CAGR of more than 30% during 2020-2025.

Breakup by Propulsion Type:

  • BEV
  • HEV
  • PHEV

Breakup by Vehicle Type:

  • Passenger Cars
  • Industrial Utility Vehicles
  • Commercial Vehicles
  • Commercial Turf Utility Vehicles
  • Golf Cars
  • Others

Breakup by Battery Type:

  • Lithium-ion
  • Lead-Acid
  • Others

Breakup by Solar Panel Type:

  • Monocrystalline
  • Polycrystalline

Breakup by Charging Type:

  • Slow Charging
  • Fast Charging

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined with some of the key players being Cruise Car, Ford, General Motors, Hanergy Thin Film Power Group, Jinko Solar, Lightyear, Mahindra & Mahindra, Nissan, Solar Electric Vehicle Company, Sono Motors, Toyota, Trina Solar, Volkswagen Ltd., etc.

Key Questions Answered in This Report:

  • How has the global solar vehicle market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the propulsion type?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the battery type?
  • What is the breakup of the market based on the solar panel type?
  • What is the breakup of the market based on the charging type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global solar vehicle market and who are the key players?
  • What is the degree of competition in the industry?
Table of Contents
Product Code: SR1019I13_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Solar Vehicle Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Market Forecast

6 Market Breakup by Propulsion Type

  • 6.1 BEV
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 HEV
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 PHEV
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Vehicle Type

  • 7.1 Passenger Cars
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Industrial Utility Vehicles
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Commercial Vehicles
    • 7.3.1 Market Trends
    • 7.3.2 Major Types
      • 7.3.2.1 Commercial Turf Utility Vehicles
      • 7.3.2.2 Golf Cars
      • 7.3.2.3 Others
    • 7.3.3 Market Forecast

8 Market Breakup by Battery Type

  • 8.1 Lithium-ion
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Lead-Acid
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Lead carbon
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Breakup by Solar Panel Type

  • 9.1 Monocrystalline
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Polycrystalline
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast

10 Market Breakup by Charging Type

  • 10.1 Slow Charging
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 Fast Charging
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast

11 Market Breakup by Region

  • 11.1 North America
    • 11.1.1 United States
      • 11.1.1.1 Market Trends
      • 11.1.1.2 Market Forecast
    • 11.1.2 Canada
      • 11.1.2.1 Market Trends
      • 11.1.2.2 Market Forecast
  • 11.2 Asia Pacific
    • 11.2.1 China
      • 11.2.1.1 Market Trends
      • 11.2.1.2 Market Forecast
    • 11.2.2 Japan
      • 11.2.2.1 Market Trends
      • 11.2.2.2 Market Forecast
    • 11.2.3 India
      • 11.2.3.1 Market Trends
      • 11.2.3.2 Market Forecast
    • 11.2.4 South Korea
      • 11.2.4.1 Market Trends
      • 11.2.4.2 Market Forecast
    • 11.2.5 Australia
      • 11.2.5.1 Market Trends
      • 11.2.5.2 Market Forecast
    • 11.2.6 Indonesia
      • 11.2.6.1 Market Trends
      • 11.2.6.2 Market Forecast
    • 11.2.7 Others
      • 11.2.7.1 Market Trends
      • 11.2.7.2 Market Forecast
  • 11.3 Europe
    • 11.3.1 Germany
      • 11.3.1.1 Market Trends
      • 11.3.1.2 Market Forecast
    • 11.3.2 France
      • 11.3.2.1 Market Trends
      • 11.3.2.2 Market Forecast
    • 11.3.3 United Kingdom
      • 11.3.3.1 Market Trends
      • 11.3.3.2 Market Forecast
    • 11.3.4 Italy
      • 11.3.4.1 Market Trends
      • 11.3.4.2 Market Forecast
    • 11.3.5 Spain
      • 11.3.5.1 Market Trends
      • 11.3.5.2 Market Forecast
    • 11.3.6 Russia
      • 11.3.6.1 Market Trends
      • 11.3.6.2 Market Forecast
    • 11.3.7 Others
      • 11.3.7.1 Market Trends
      • 11.3.7.2 Market Forecast
  • 11.4 Latin America
    • 11.4.1 Brazil
      • 11.4.1.1 Market Trends
      • 11.4.1.2 Market Forecast
    • 11.4.2 Mexico
      • 11.4.2.1 Market Trends
      • 11.4.2.2 Market Forecast
    • 11.4.3 Others
      • 11.4.3.1 Market Trends
      • 11.4.3.2 Market Forecast
  • 11.5 Middle East and Africa
    • 11.5.1 Market Trends
    • 11.5.2 Market Breakup by Country
    • 11.5.3 Market Forecast

12 SWOT Analysis

  • 12.1 Overview
  • 12.2 Strengths
  • 12.3 Weaknesses
  • 12.4 Opportunities
  • 132.5 Threats

13 Value Chain Analysis

  • 13.1 Overview
  • 13.2 Inbound Logistics
  • 13.3 Operations
  • 13.4 Outbound Logistics
  • 13.5 Marketing and Sales
  • 13.6 Post Sales Services

14 Porters Five Forces Analysis

  • 14.1 Overview
  • 14.2 Bargaining Power of Buyers
  • 14.3 Bargaining Power of Suppliers
  • 14.4 Degree of Competition
  • 14.5 Threat of New Entrants
  • 14.6 Threat of Substitutes

15 Price Indicators

  • 15.1 Key Price Indicators
  • 15.2 Price Structure
  • 15.3 Price Trends

16 Competitive Landscape

  • 16.1 Market Structure
  • 16.2 Key Players
  • 16.3 Profiles of Key Players
    • 16.3.1 Cruise Car
      • 16.3.1.1 Company Overview
      • 16.3.1.2 Product Portfolio
    • 16.3.2 Ford
      • 16.3.2.1 Company Overview
      • 16.3.2.2 Product Portfolio
      • 16.3.2.3 Financials
      • 16.3.2.4 SWOT Analysis
    • 16.3.3 General Motors
      • 16.3.3.1 Company Overview
      • 16.3.3.2 Product Portfolio
      • 16.3.3.3 Financials
      • 16.3.3.4 SWOT Analysis
    • 16.3.4 Hanergy Thin Film Power Group
      • 16.3.4.1 Company Overview
      • 16.3.4.2 Product Portfolio
    • 16.3.5 Jinko Solar
      • 16.3.5.1 Company Overview
      • 16.3.5.2 Product Portfolio
    • 16.3.6 Lightyear
      • 16.3.6.1 Company Overview
      • 16.3.6.2 Product Portfolio
    • 16.3.7 Mahindra & Mahindra
      • 16.3.7.1 Company Overview
      • 16.3.7.2 Product Portfolio
    • 16.3.8 Nissan
      • 16.3.8.1 Company Overview
      • 16.3.8.2 Product Portfolio
      • 16.3.8.3 Financials
      • 16.3.8.4 SWOT Analysis
    • 16.3.9 Solar Electric Vehicle Company
      • 16.3.9.1 Company Overview
      • 16.3.9.2 Product Portfolio
    • 16.3.10 Sono Motors
      • 16.3.10.1 Company Overview
      • 16.3.10.2 Product Portfolio
      • 16.3.10.3 Financials
    • 16.3.11 Toyota
      • 16.3.11.1 Company Overview
      • 16.3.11.2 Product Portfolio
    • 16.3.12 Trina Solar
      • 16.3.12.1 Company Overview
      • 16.3.12.2 Product Portfolio
    • 16.3.13 Volkswagen
      • 16.3.13.1 Company Overview
      • 16.3.13.2 Product Portfolio

List of Figures

  • Figure 1: Global: Solar Vehicle Market: Major Drivers and Challenges
  • Figure 2: Global: Solar Vehicle Market: Sales Value (in Units), 2014-2019
  • Figure 3: Global: Solar Vehicle Market: Breakup by Propulsion Type (in %), 2019
  • Figure 4: Global: Solar Vehicle Market: Breakup by Vehicle Type (in %), 2019
  • Figure 5: Global: Solar Vehicle Market: Breakup by Battery Type (in %), 2019
  • Figure 6: Global: Solar Vehicle Market: Breakup by Solar Panel Type (in %), 2019
  • Figure 7: Global: Solar Vehicle Market: Breakup by Charging Type (in %), 2019
  • Figure 8: Global: Solar Vehicle Market: Breakup by Region (in %), 2019
  • Figure 9: Global: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 10: Global: Solar Vehicle (BEV) Market: Sales Value (in Units), 2014 & 2019
  • Figure 11: Global: Solar Vehicle (BEV) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 12: Global: Solar Vehicle (HEV) Market: Sales Value (in Units), 2014 & 2019
  • Figure 13: Global: Solar Vehicle (HEV) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 14: Global: Solar Vehicle (PHEV) Market: Sales Value (in Units), 2014 & 2019
  • Figure 15: Global: Solar Vehicle (PHEV) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 16: Global: Solar Vehicle (Passenger Cars) Market: Sales Value (in Units), 2014 & 2019
  • Figure 17: Global: Solar Vehicle (Passenger Cars) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 18: Global: Solar Vehicle (Industrial Utility Vehicles) Market: Sales Value (in Units), 2014 & 2019
  • Figure 19: Global: Solar Vehicle (Industrial Utility Vehicles) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 20: Global: Solar Vehicle (Commercial Vehicles) Market: Sales Value (in Units), 2014 & 2019
  • Figure 21: Global: Solar Vehicle (Commercial Vehicles) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 22: Global: Solar Vehicle (Lithium-ion) Market: Sales Value (in Units), 2014 & 2019
  • Figure 23: Global: Solar Vehicle (Lithium-ion) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 24: Global: Solar Vehicle (Lead-Acid) Market: Sales Value (in Units), 2014 & 2019
  • Figure 25: Global: Solar Vehicle (Lead-Acid) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 26: Global: Solar Vehicle (Others) Market: Sales Value (in Units), 2014 & 2019
  • Figure 27: Global: Solar Vehicle (Others) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 28: Global: Solar Vehicle (Monocrystalline) Market: Sales Value (in Units), 2014 & 2019
  • Figure 29: Global: Solar Vehicle (Monocrystalline) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 30: Global: Solar Vehicle (Polycrystalline) Market: Sales Value (in Units), 2014 & 2019
  • Figure 31: Global: Solar Vehicle (Polycrystalline) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 32: Global: Solar Vehicle (Others) Market: Sales Value (in Units), 2014 & 2019
  • Figure 33: Global: Solar Vehicle (Others) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 34: Global: Solar Vehicle (Slow Charging) Market: Sales Value (in Units), 2014 & 2019
  • Figure 35: Global: Solar Vehicle (Slow Charging) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 36: Global: Solar Vehicle (Fast Charging) Market: Sales Value (in Units), 2014 & 2019
  • Figure 37: Global: Solar Vehicle (Fast Charging) Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 38: North America: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 39: North America: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 40: United States: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 41: United States: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 42: Canada: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 43: Canada: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 44: Asia Pacific: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 45: Asia Pacific: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 46: China: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 47: China: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 48: Japan: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 49: Japan: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 50: India: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 51: India: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 52: South Korea: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 53: South Korea: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 54: Australia: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 55: Australia: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 56: Indonesia: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 57: Indonesia: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 58: Others: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 59: Others: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 60: Europe: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 61: Europe: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 62: Germany: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 63: Germany: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 64: France: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 65: France: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 66: United Kingdom: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 67: United Kingdom: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 68: Italy: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 69: Italy: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 70: Spain: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 71: Spain: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 72: Russia: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 73: Russia: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 74: Others: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 75: Others: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 76: Latin America: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 77: Latin America: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 78: Brazil: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 79: Brazil: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 80: Mexico: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 81: Mexico: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 82: Others: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 83: Others: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 84: Middle East and Africa: Solar Vehicle Market: Sales Value (in Units), 2014 & 2019
  • Figure 85: Middle East and Africa: Solar Vehicle Market Forecast: Sales Value (in Units), 2020-2025
  • Figure 86: Global: Solar Vehicle Industry: SWOT Analysis
  • Figure 87: Global: Solar Vehicle Industry: Value Chain Analysis
  • Figure 88: Global: Solar Vehicle Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Solar Vehicle Market: Key Industry Highlights, 2019 and 2025
  • Table 2: Global: Solar Vehicle Market Forecast: Breakup by Propulsion Type (in Units), 2020-2025
  • Table 3: Global: Solar Vehicle Market Forecast: Breakup by Vehicle Type (in Units), 2020-2025
  • Table 4: Global: Solar Vehicle Market Forecast: Breakup by Battery Type (in Units), 2020-2025
  • Table 5: Global: Solar Vehicle Market Forecast: Breakup by Solar Panel Type (in Units), 2020-2025
  • Table 6: Global: Solar Vehicle Market Forecast: Breakup by Charging Type (in Units), 2020-2025
  • Table 7: Global: Solar Vehicle Market Forecast: Breakup by Region (in Units), 2020-2025
  • Table 8: Global: Solar Vehicle Market: Competitive Structure
  • Table 9: Global: Solar Vehicle Market: Key Players
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