PUBLISHER: Value Market Research | PRODUCT CODE: 1342763
PUBLISHER: Value Market Research | PRODUCT CODE: 1342763
The global demand for Automotive Retrofit Electric Vehicle Powertrain Market is presumed to reach the market size of nearly USD 157.27 BN by 2030 from USD 71.11 BN in 2022 with a CAGR of 9.22% under the study period of 2023 - 2030.
Automotive retrofit electric vehicle powertrain is retrofitted to classic vehicles with the purpose of converting them into electric vehicles. Electric retrofitting of a vehicle is basically replacing petroleum-fueled engines and connected components. These components include batteries, electric motors, controllers and converters etc. They are provided with open matrices and chargers to charge the vehicles at home. They help in extending the life and usability of old vehicles. Automotive retrofit electric vehicle powertrains can be divided into different types, such as electric motors, high-voltage batteries, onboard chargers etc.
The key factor driving the demand for automotive retrofit electric vehicle powertrains is the rising execution of severe outflow standards and increasing rate of fuel prices. The rising need for automatic transmissions and engine downsizing is surging the demand for this market. In addition, growing government incentives for using electric cars to reduce air pollution coupled with the rising demand for environment-friendly vehicles are expected to boost the demand for automotive retrofit electric vehicle powertrains in the market. Growing sales of electric automobiles are augmenting the demand for this market. Furthermore, continuous advancement and technological development in the powertrain systems are expanding the demand for the automotive retrofit electric vehicle powertrain market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive retrofit electric vehicle powertrain. The growth and trends of Automotive Retrofit Electric Vehicle Powertrain Industry provide a holistic approach to this study.
This section of the automotive retrofit electric vehicle powertrain market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Automotive Retrofit Electric Vehicle Powertrain market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive retrofit electric vehicle powertrain market include Altigreen, Bharat Mobi, Continental AG, Delphi Technologies, ETrio, EV Europe, Folks Motor, Hitachi Astemo Ltd., Johnson Electric Holdings Ltd, Loop Moto, Magna International Inc., Mando Corporation, Mitsubishi Electric, Rexnamo Electro Pvt Ltd., Robert Bosch GmbH, Transition One, VerdeMobility, XL Fleet. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.