NEW YORK, Aug. 3, 2023 /PRNewswire/ — The electric sports utility vehicle (e-SUV) market size is expected to grow by USD 83,748.62 million during 2022-2027, progressing at a CAGR of 25.19% as per the latest Technavio market research report. APAC will account for 33% of the market’s overall growth. China and India are the major contributing countries to the regional market growth. The regional market growth is fueled by factors such as government initiatives to promote green transportation, stringent carbon emission norms, and incentive schemes for adopting e-SUVs in polluted cities. Since the economy improves in China and Japan, people’s discretionary income has increased, leading to a surge in automobile sales. Hence, such factors drive the growth of the regional market during the forecast period. For more insights on the market share of various regions- Download sample report in MINUTES
Technavio has announced its latest market research report titled Global Electric Sports Utility Vehicle (e-SUV) Market 2023-2027
Electric Sports Utility Vehicle (e-SUV) Market: Increasing demand and sales of BEVs in the global market to drive growth
Increasing demand and sales of Battery Electric Vehicles (BEVs) drive the growth of the e-SUV market. The growing BEV manufacturers in China, such as BYD Co and BAIC, are driven by the country’s growing demand for new energy vehicles, resulting in increased sales volumes.
For instance, in 2021, global BEV sales saw significant growth, especially in China, the US, and select European countries. BEVs accounted for over 60% of all global EV sales, with China leading in BEV deliveries, followed by Europe and the US. Hence, such factors drive the e-SUV market growth during the forecast period.
Electric Sports Utility Vehicle (e-SUV) Market: Emergence Of Wireless Charging Systems For EVs
The emergence of wireless charging systems is an emerging e-SUV market trend. Leading EV manufacturers and charging system providers devise efficient business models for wireless-go charging in future EVs. Such models enable EVs to position themselves optimally over charging pads for maximum efficiency.
Also, since the focus on sustainable transportation grows, higher levels of EV autonomy gain widespread popularity. Hence, such trends fuel the e-SUV market growth during the forecast period.
To know about more drivers, trends along with challenges – Download a sample now!
Some of the key Electric Sports Utility Vehicle (e-SUV) Market Players:
The electric sports utility vehicle (e-SUV) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
AEHRA, Bayerische Motoren Werke AG, BYD Co. Ltd., Dr. Ing. h.c. F. Porsche AG, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Kia Motors Corp., Mahindra and Mahindra Ltd., Maruti Suzuki India Ltd., Mercedes Benz Group AG, Nissan Motor Co. Ltd., Pravaig Dynamics Pvt Ltd., Renault SAS, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., Volkswagen AG, and Volvo Car Corp.
What’s New?
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!
Electric Sports Utility Vehicle (e-SUV) Market: Segmentation Analysis
This market research report segments the electric sports utility vehicle (e-SUV) market by propulsion (battery electric vehicle and hybrid vehicle), Type (Small, medium size, and Large size) and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
The battery electric vehicle segment will be significant during the forecast period. The segment growth can be attributed to their environmental advantages, lower costs, and technological advancements that have led to better range, performance, and safety. The technological advancements in BEVs have significantly improved their range, safety, and performance, which leads to higher customer acceptance. Hence, such factors boost the battery electric vehicle segment of the e-SUV market during the forecast period.
Gain instant access to 17,000+ market research reports
Technavio’s SUBSCRIPTION platform
Related Reports:
The Automotive Sunroof Market Size is estimated to grow at a CAGR of 10.15% between 2022 and 2027. The size of the market is forecast to increase by USD 9,143.38 million. This report extensively covers market segmentation by application (luxury passenger vehicles, mid-size passenger vehicles, and entry-level passenger vehicles), material (glass and fabric), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The growing popularity of SUVs is notably driving the market growth.
The Luxury Sports Utility Vehicles (SUV) Market size is estimated to grow at a CAGR of 6.18% between 2022 and 2027. The market size is forecast to increase by 785.19 thousand units. This Luxury Sports Utility Vehicles Market report extensively covers market segmentation by type (mid-size luxury SUVs and full-size luxury SUVs), application (individual and commercial), and geography (North America, APAC, Europe, South America, and Middle East and Africa). Increased preference for safety and comfort to drive sales of luxury SUVs notably drive the Luxury Sports Utility Vehicles Market growth.
|
Electric Sports Utility Vehicle (e-SUV) Market Scope |
|
|
Report Coverage |
Details |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 25.19% |
|
Market growth 2023-2027 |
USD 83,748.62 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023 (%) |
23.71 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 33% |
|
Key countries |
US, China, Japan, Norway, and Germany |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
AEHRA, Bayerische Motoren Werke AG, BYD Co. Ltd., Dr. Ing. h.c. F. Porsche AG, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Kia Motors Corp., Mahindra and Mahindra Ltd., Maruti Suzuki India Ltd., Mercedes Benz Group AG, Nissan Motor Co. Ltd., Pravaig Dynamics Pvt Ltd., Renault SAS, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., Volkswagen AG, and Volvo Car Corp. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Propulsion
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global electric sports utility vehicle (e-SUV) market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on global electric sports utility vehicle (e-suv) market 2017 – 2021 ($ million)
4.2 Propulsion Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Propulsion Segment 2017 – 2021 ($ million)
4.3 Type Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Propulsion
6.1 Market segments
Exhibit 30: Chart on Propulsion – Market share 2022-2027 (%)
Exhibit 31: Data Table on Propulsion – Market share 2022-2027 (%)
6.2 Comparison by Propulsion
Exhibit 32: Chart on Comparison by Propulsion
Exhibit 33: Data Table on Comparison by Propulsion
6.3 Battery electric vehicle – Market size and forecast 2022-2027
Exhibit 34: Chart on Battery electric vehicle – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Battery electric vehicle – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Battery electric vehicle – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Battery electric vehicle – Year-over-year growth 2022-2027 (%)
6.4 Hybrid vehicle – Market size and forecast 2022-2027
Exhibit 38: Chart on Hybrid vehicle – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Hybrid vehicle – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Hybrid vehicle – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Hybrid vehicle – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Propulsion
Exhibit 42: Market opportunity by Propulsion ($ million)
Exhibit 43: Data Table on Market opportunity by Propulsion ($ million)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 44: Chart on Type – Market share 2022-2027 (%)
Exhibit 45: Data Table on Type – Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Small and medium size – Market size and forecast 2022-2027
Exhibit 48: Chart on Small and medium size – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Small and medium size – Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Small and medium size – Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Small and medium size – Year-over-year growth 2022-2027 (%)
7.4 Large size – Market size and forecast 2022-2027
Exhibit 52: Chart on Large size – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Large size – Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Large size – Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Large size – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 56: Market opportunity by Type ($ million)
Exhibit 57: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 59: Chart on Market share by geography 2022-2027 (%)
Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 63: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 North America – Market size and forecast 2022-2027
Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.5 Europe – Market size and forecast 2022-2027
Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 75: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 China – Market size and forecast 2022-2027
Exhibit 83: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on China – Year-over-year growth 2022-2027 (%)
9.9 US – Market size and forecast 2022-2027
Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)
9.10 Norway – Market size and forecast 2022-2027
Exhibit 91: Chart on Norway – Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Norway – Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Norway – Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Norway – Year-over-year growth 2022-2027 (%)
9.11 Germany – Market size and forecast 2022-2027
Exhibit 95: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.12 Japan – Market size and forecast 2022-2027
Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 103: Market opportunity by geography ($ million)
Exhibit 104: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Bayerische Motoren Werke AG
Exhibit 111: Bayerische Motoren Werke AG – Overview
Exhibit 112: Bayerische Motoren Werke AG – Business segments
Exhibit 113: Bayerische Motoren Werke AG – Key news
Exhibit 114: Bayerische Motoren Werke AG – Key offerings
Exhibit 115: Bayerische Motoren Werke AG – Segment focus
12.4 BYD Co. Ltd.
Exhibit 116: BYD Co. Ltd. – Overview
Exhibit 117: BYD Co. Ltd. – Business segments
Exhibit 118: BYD Co. Ltd. – Key news
Exhibit 119: BYD Co. Ltd. – Key offerings
Exhibit 120: BYD Co. Ltd. – Segment focus
12.5 Dr. Ing. h.c. F. Porsche AG
Exhibit 121: Dr. Ing. h.c. F. Porsche AG – Overview
Exhibit 122: Dr. Ing. h.c. F. Porsche AG – Product / Service
Exhibit 123: Dr. Ing. h.c. F. Porsche AG – Key offerings
12.6 Ford Motor Co.
Exhibit 124: Ford Motor Co. – Overview
Exhibit 125: Ford Motor Co. – Business segments
Exhibit 126: Ford Motor Co. – Key news
Exhibit 127: Ford Motor Co. – Key offerings
Exhibit 128: Ford Motor Co. – Segment focus
12.7 Honda Motor Co. Ltd.
Exhibit 129: Honda Motor Co. Ltd. – Overview
Exhibit 130: Honda Motor Co. Ltd. – Business segments
Exhibit 131: Honda Motor Co. Ltd. – Key news
Exhibit 132: Honda Motor Co. Ltd. – Key offerings
Exhibit 133: Honda Motor Co. Ltd. – Segment focus
12.8 Hyundai Motor Co.
Exhibit 134: Hyundai Motor Co. – Overview
Exhibit 135: Hyundai Motor Co. – Business segments
Exhibit 136: Hyundai Motor Co. – Key news
Exhibit 137: Hyundai Motor Co. – Key offerings
Exhibit 138: Hyundai Motor Co. – Segment focus
12.9 Kia Motors Corp.
Exhibit 139: Kia Motors Corp. – Overview
Exhibit 140: Kia Motors Corp. – Business segments
Exhibit 141: Kia Motors Corp. – Key offerings
Exhibit 142: Kia Motors Corp. – Segment focus
12.10 Mercedes Benz Group AG
Exhibit 143: Mercedes Benz Group AG – Overview
Exhibit 144: Mercedes Benz Group AG – Business segments
Exhibit 145: Mercedes Benz Group AG – Key offerings
Exhibit 146: Mercedes Benz Group AG – Segment focus
12.11 Nissan Motor Co. Ltd.
Exhibit 147: Nissan Motor Co. Ltd. – Overview
Exhibit 148: Nissan Motor Co. Ltd. – Business segments
Exhibit 149: Nissan Motor Co. Ltd. – Key news
Exhibit 150: Nissan Motor Co. Ltd. – Key offerings
Exhibit 151: Nissan Motor Co. Ltd. – Segment focus
12.12 Renault SAS
Exhibit 152: Renault SAS – Overview
Exhibit 153: Renault SAS – Product / Service
Exhibit 154: Renault SAS – Key offerings
12.13 Tata Motors Ltd.
Exhibit 155: Tata Motors Ltd. – Overview
Exhibit 156: Tata Motors Ltd. – Business segments
Exhibit 157: Tata Motors Ltd. – Key news
Exhibit 158: Tata Motors Ltd. – Key offerings
Exhibit 159: Tata Motors Ltd. – Segment focus
12.14 Tesla Inc.
Exhibit 160: Tesla Inc. – Overview
Exhibit 161: Tesla Inc. – Business segments
Exhibit 162: Tesla Inc. – Key news
Exhibit 163: Tesla Inc. – Key offerings
Exhibit 164: Tesla Inc. – Segment focus
12.15 Toyota Motor Corp.
Exhibit 165: Toyota Motor Corp. – Overview
Exhibit 166: Toyota Motor Corp. – Business segments
Exhibit 167: Toyota Motor Corp. – Key offerings
Exhibit 168: Toyota Motor Corp. – Segment focus
12.16 Volkswagen AG
Exhibit 169: Volkswagen AG – Overview
Exhibit 170: Volkswagen AG – Business segments
Exhibit 171: Volkswagen AG – Key offerings
Exhibit 172: Volkswagen AG – Segment focus
12.17 Volvo Car Corp.
Exhibit 173: Volvo Car Corp. – Overview
Exhibit 174: Volvo Car Corp. – Product / Service
Exhibit 175: Volvo Car Corp. – Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
ContactsTechnavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio