Vehicle Electrification Market

Vehicle Electrification Market by Product (Start-Stop, PTC, EPS, Electric Air Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V, ICE, BEV, HEV, PHEV, Vehicle Type, and Region - Global Forecast to 2027

Report Code: AT 2839 Jun, 2019, by marketsandmarkets.com
COVID-19

Get in-depth analysis of how COVID-19 is impacting the Vehicle Electrification Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Vehicle Electrification Market

Request Now

The Vehicle Electrification Market is projected to grow at a CAGR of 9.1% to reach USD 142.1 billion by 2027 from USD 71.0 billion in 2019.The vehicle electrification market is majorly driven by various benefits offered including but not limited to decreased vehicle weight, lower emissions, and growing demand of 48V architecture

Vehicle Electrification Market

Electric power steering is estimated to be the largest segment for the market”

Electric power steering (EPS) is expected to be the largest market. EPS reduces fuel consumption and improves the maneuverability of vehicles. In Europe and North America, almost all the vehicle has EPS, and in Asia Oceania, the trend is growing rapidly. In Asia Oceania, installation rate of EPS is almost 90%. Hence, the EPS segment is estimated to hold the largest market share during the forecast period.

Plug-in hybrid electric vehicle (PHEV) is estimated to witness the fastest growth in the market”

PHEV is the fastest growing segment in the market. Automakers are seeing plug-in hybrids as a gateway to fully electric vehicles. Increasing charging infrastructure in China, the US, and European countries would be responsible for the shift from conventional ICE vehicles to PHEVs. OEMs of these regions are also investing significantly in vehicle electrification. This would also drive the demand for PHEVs.

Vehicle Electrification Market

North America is expected to be the fastest growing market for vehicle electrification

North America is expected to be the fastest growing market for vehicle electrification. The growth in this region is propelled by growing charging infrastructure and significant investments by OEMs in the development of vehicle electrification. Federal tax credits and rebate incentives are accelerating the growth of market, especially in the US. The US is set to dominate the North American market, holding the highest market share in 2019. As the country has the presence of major OEMs and Tier I players, adoption of electric components in ICE vehicles, BEVs, HEVs, and PHEVs is very high. Hence, North America is expected to be the fastest growing market during the forecast period.

Vehicle Electrification Market

Scope of the Report

Report Metric

Details

 

 

 

Market Size Available for Years

 

2017–2027

Base Year Considered

2017

Forecast Period

2019–2027

Forecast Units

Value (USD) and Volume (Million Units)

Segments Covered

Product Type, 48V, Vehicle Type, Degree of Hybridization, Region

Geographies Covered

Asia Oceania, Europe, North America, and RoW

Companies Covered

Bosch (Germany), Continental (Germany), Denso (Japan), BorgWarner (US), and Mitsubishi Electric (Japan)
Total 15 major players covered

This research report categorizes the vehicle electrification market based on product type, 48V, vehicle type, degree of hybridization, and region.

By Product type

  • Start-stop
  • Electric Power Steering (EPS)
  • Liquid heater Ptc
  • Electric Air conditioner Compressor
  • Electric vacuum pump
  • Electric oil pump
  • Electric water pump
  • Starter motor
  • Alternator
  • Integrated Starter Generator (ISG)
  • Actuator

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Truck
  • Bus

By Degree of Hybridization

  • Internal Combustion Engine (ICE) & Micro hybrid vehicle
  • Hybrid electric vehicle (HEV)
  • Plug-in hybrid electric vehicle (PHEV)
  • Battery electric vehicle (BEV)
  • 48 V vehicle

By Region

  • Asia Oceania
  • Europe
  • North America
  • Rest of the World

Vehicle Electrification Market

Key Market Players

The vehicle electrification market consists of vehicle electrification technology suppliers such as Bosch (Germany), Continental (Germany), Denso (Japan), Delphi (UK), and Johnson Electrics (Hong Kong). The study includes an in-depth competitive analysis of these key players in the market, with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.

Bosch is anticipated to be a dominant player in the market. Bosch adopted the strategies of expansion, new product development, partnership, and merger & acquisition to retain its leading position in the market. Bosch has a presence in emerging markets such as India, China, and Brazil as well. Strengthening of the product portfolio and global presence by building customer relationships is the strategy that Bosch follows to maintain its leadership in the market.

Recent Developments

  • In 2019, Bosch assumed full control of EM-motive, one of Europe’s most successful manufacturers of electric motors. Bosch and Daimler set up EM-motive GmbH as a 50-50 joint venture in 2011, and from 2019 onward, Bosch has gained complete control over EM-motive.

Key Questions Addressed by the Report

  • Which level of vehicle hybridization is going to dominate the market in the future?
  • How are industry players addressing the challenge of maintaining a balance between performance and low-cost electric components?
  • What could be the market size of vehicle electrification products?
  • Which electric components will lead the market for vehicle electrification in the near future?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources for Vehicle Production
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach: Vehicle Electrification Market
           2.4.2 Bottom-Up Approach: Electric Vehicle Electrification Market
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in the Vehicle Electrification Market
    4.2 Vehicle Electrification Market, By Region
    4.3 Vehicle Electrification Market Growth Trends, By Country
    4.4 Vehicle Electrification Market, By Product
    4.5 Vehicle Electrification Market, By Vehicle Type
    4.6 Vehicle Electrification Market, By Degree of Hybridization

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Need for 48v Architecture
                    5.2.1.2 Adoption of Advanced Technologies Such as E-Axle in Electric Vehicles
           5.2.2 Restraints
                    5.2.2.1 Difficulty in Achieving and Maintaining Optimum Power-To-Weight Ratio
                    5.2.2.2 Higher Cost of Electric Systems
           5.2.3 Opportunities
                    5.2.3.1 Use of Alternate Materials for Overall Weight Reduction to Open New Avenues in Electric Vehicle Technologies
                    5.2.3.2 Electrification of Commercial Vehicles
           5.2.4 Challenges
                    5.2.4.1 Developing Fail-Safe Electronic and Electrical Components
                    5.2.4.2 High Cost of Hybrid and Plug-In Hybrid Vehicles
    5.3 Revenue Missed: Opportunities for Electric Vehicle Manufacturers
    5.4 Automotive Glass Market - Scenarios
           5.4.1 Pessimistic
           5.4.2 Most Likely
           5.4.3 Optimistic
    5.5 Average Selling Price (ASP) Analysis

6 Industry Trend (Page No. - 45)
    6.1 Introduction
    6.2 Company vs Product
    6.3 48 V Hybrid Architecture
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 48 V Vehicle (Page No. - 53)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    7.1 Introduction
           7.1.1 Research Methodology
           7.1.2 Assumptions
           7.1.3 Industry Insights
    7.2 Need for 48v Architecture
    7.3 48v Mild Hybrid Market, By Region
           7.3.1 Europe is Estimated to Be the Largest Market
    7.4 Impact of 48v Architecture

8 Vehicle Electrification Market, By Product Type (Page No. - 59)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    8.1 Introduction
           8.1.1 Research Methodology
           8.1.2 Assumptions
           8.1.3 Industry Insights
    8.2 Start-Stop
           8.2.1 Asia Oceania is Projected to Be the Fastest Growing Market
    8.3 Electric Power Steering (EPS)
           8.3.1 Asia Oceania is Estimated to Be the Largest Market
    8.4 Liquid Heater PTC
           8.4.1 North American Market is Expected to Be the Second Largest
    8.5 Electric Air Conditioner Compressor
           8.5.1 North America is Project to Be the Fastest Growing Market Over the Forecast Period
    8.6 Electric Vacuum Pump
           8.6.1 The Asia Oceania Market for Electric Vacuum Pump is Estimated to Be the Largest Market
    8.7 Electric Oil Pump
           8.7.1 RoW is Projected to Be the Fastest Growing Market Over the Forecast Period
    8.8 Electric Water Pump
           8.8.1 North America is Projected to Be the Fastest Growing Market Over the Forecast Period
    8.9 Starter Motor
           8.9.1 Asia Oceania is Estimated to Be the Largest Market
    8.10 Alternator
           8.10.1 Asia Oceania is Estimated to Be the Largest Market
    8.11 Integrated Starter Generator (ISG)
           8.11.1 Europe Market is Estimated to Be the Second Largest
    8.12 Actuator
           8.12.1 Asia Oceania is Projected to Be the Fastest Growing Market Over the Forecast Period

9 Vehicle Electrification Market, By Vehicle Type (Page No. - 77)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    9.1 Introduction
           9.1.1 Research Methodology
           9.1.2 Assumptions
           9.1.3 Industry Insights
    9.2 Passenger Car
           9.2.1 Passenger Car Leads the Vehicle Electrification Market Owing to Its High Production in Asia Oceania
    9.3 Light Commercial Vehicle (LCV)
           9.3.1 LCV has the Prominent Market Share With Its Increasing Usage in US, China, and India
    9.4 Truck
    9.5 Bus

10 Vehicle Electrification Market, By Degree of Hybridization (Page No. - 77)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
     10.1 Introduction
             10.1.1 Research Methodology
             10.1.2 Assumptions
             10.1.3 Industry Insights
     10.2 Internal Combustion Engine (ICE) & Micro Hybrid Vehicle
             10.2.1 Asia Oceania is Expected to Be the Largest Market, in Terms of Volume
     10.3 Hybrid Electric Vehicle (HEV)
             10.3.1 RoW is Expected to Be the Fastest Growing Market During the Forecast Period
     10.4 Plug-In Hybrid Electric Vehicle (PHEV)
             10.4.1 Asia Oceania is Expected to Be the Fastest Growing Market During the Forecast Period
     10.5 Battery Electric Vehicle (BEV)
             10.5.1 North America is Projected to Be the Largest Market During the Forecast Period
     10.6 48 V Vehicle
             10.6.1 Europe is Expected to Be the Largest Market, in Terms of Volume

11 Vehicle Electrification Market, By Region (Page No. - 97)
The Chapter is Further Segmented at Regional and Country Level By Product Type and Considered Products are Start Stop, Electric Power Steering, Electric Air-Conditioned Compressor, Electric Oil Pump, Electric Vacuum Pump, Electric Water Pump, Integrated Starter Generator, Liquid Heater PTC, Starter, Alternator, Actuator.
     11.1 Introduction
             11.1.1 Research Methodology
             11.1.2 Assumptions
             11.1.3 Industry Insights
     11.2 Asia Oceania
             11.2.1  Vehicle Electrification Market, By 48v Vehicle
             11.2.2  Vehicle Electrification Market, By Product Type
             11.2.3  Vehicle Electrification Market, By Vehicle Type
             11.2.4  Vehicle Electrification Market, By Hybridization
             11.2.5  Vehicle Electrification Market, By Region
                        11.2.5.1 China
                                     11.2.5.1.1 China Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.2 Japan
                                     11.2.5.2.1 Japan Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.3 South Korea
                                     11.2.5.3.1 South Korea Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.4 India
                                     11.2.5.4.1  India Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.5 Thailand
                                     11.2.5.5.1  Thailand Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.6 Indonesia
                                     11.2.5.6.1  Indonesia Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.7 Rest of Asia Oceania
                                     11.2.5.7.1  Electric Power Steering is Expected to Hold the Second Largest Market
     11.3 Europe
             11.3.1  Vehicle Electrification Market, By 48v Vehicle
             11.3.2  Vehicle Electrification Market, By Product Type
             11.3.3  Vehicle Electrification Market, By Vehicle Type
             11.3.4  Vehicle Electrification Market, By Hybridization
             11.3.5  Vehicle Electrification Market, By Region
                        11.3.5.1 Germany
                                     11.3.5.1.1 Germany Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.2 France
                                     11.3.5.2.1 France Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.3 UK
                                     11.3.5.3.1 UK Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.4 Spain
                                     11.3.5.4.1  Spain Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.5 Italy
                                     11.3.5.5.1  Italy Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.6 Russia
                                     11.3.5.6.1  Russia Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.7 Rest of Europe
                                     11.3.5.7.1 Electric Power Steering is Expected to Hold the Largest Market
     11.4 North America
             11.4.1  Vehicle Electrification Market, By 48v Vehicle
             11.4.2  Vehicle Electrification Market, By Product Type
             11.4.3  Vehicle Electrification Market, By Vehicle Type
             11.4.4  Vehicle Electrification Market, By Hybridization
             11.4.5  Vehicle Electrification Market, By Region
                        11.4.5.1 US
                                     11.4.5.1.1 US Vehicle Production, By Vehicle Type (2012-2016)
                        11.4.5.2 Canada
                                     11.4.5.2.1 Canada Vehicle Production, By Vehicle Type (2012-2016)
                        11.4.5.3 Mexico
                                     11.4.5.3.1 Mexico Vehicle Production, By Vehicle Type (2012-2016)
     11.5 RoW
             11.5.1  Vehicle Electrification Market, By 48v Vehicle
             11.5.2  Vehicle Electrification Market, By Product Type
             11.5.3  Vehicle Electrification Market, By Vehicle Type
             11.5.4  Vehicle Electrification Market, By Hybridization
             11.5.5  Vehicle Electrification Market, By Region
                        11.5.5.1 Brazil
                                     11.5.5.1.1 Brazil Vehicle Production, By Vehicle Type (2012-2016)
                        11.5.5.2 South Africa
                                     11.5.5.2.1 South Africa Vehicle Production, By Vehicle Type (2012-2016)
                        11.5.5.3 Rest of RoW
                                     11.5.5.3.1 Rest of RoW Vehicle Production, By Vehicle Type (2012-2016)

12 Competitive Landscape (Page No. - 114)
     12.1 Introduction
             12.1.1 Vanguards
             12.1.2 Innovators
             12.1.3 Dynamic
             12.1.4 Emerging
     12.2 Vehicle Electrification Market: Vendor Dive Matrix
     12.3 Competitive Benchmarking
             12.3.1 Product Offering Scorecard (For All 15 Companies)
             12.3.2 Business Strategy & Scorecard (For All 15 Companies)
     12.4 Market Ranking
     12.5 Competitive Scenario
             12.5.1 Expansion
             12.5.2 Supply Contracts
             12.5.3 New Product Launches/Developments
             12.5.4 Partnership/Joint Ventures
             12.5.5 Mergers/Acquisition

13 Company Profiles (Page No. - 147)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Bosch
             13.1.1 Business Overview
             13.1.2 Product Portfolio
             13.1.3 Recent Developments
             13.1.4 SWOT Analysis
             13.1.5 MnM View
     13.2 Continental
             13.2.1 Business Overview
             13.2.2 Product Portfolio
             13.2.3 Recent Developments
             13.2.4 SWOT Analysis
             13.2.5 MnM View
     13.3 Denso
             13.3.1 Business Overview
             13.3.2 Product Portfolio
             13.3.3 Recent Developments
             13.3.4 SWOT Analysis
             13.3.5 MnM View
     13.4 Delphi
             13.4.1 Business Overview
             13.4.2 Product Portfolio
             13.4.3 Recent Developments
             13.4.4 SWOT Analysis
             13.4.5 MnM View
     13.5 Mitsubishi
             13.5.1 Business Overview
             13.5.2 Product Portfolio
             13.5.3 Recent Developments
             13.5.4 SWOT Analysis
             13.5.5 MnM View
     13.6 Borgwarner
             13.6.1 Business Overview
             13.6.2 Product Portfolio
             13.6.3 Recent Developments
     13.7 Johnson Electric
             13.7.1 Business Overview
             13.7.2 Product Portfolio
             13.7.3 Recent Developments
     13.8 Magna
             13.8.1 Business Overview
             13.8.2 Product Portfolio
             13.8.3 Recent Developments
     13.9 Aisin Seiki
             13.9.1 Business Overview
             13.9.2 Product Portfolio
             13.9.3 Recent Developments
     13.10 Johnson Controls
             13.10.1 Business Overview
             13.10.2 Product Portfolio
             13.10.3 Recent Developments
     13.11 Additional Companies
             13.11.1 Asia Oceania
                        13.11.1.1 Jtekt Corporation
                        13.11.1.2 Hitachi Automotive
                        13.11.1.3 Calsonic Kansei
             13.11.2 Europe
                        13.11.2.1 ZF
                        13.11.2.2 Valeo
                        13.11.2.3 Wabco
                        13.11.2.4 GKN
                        13.11.2.5 Schaeffler
                        13.11.2.6 Mahle
             13.11.3 North America
                        13.11.3.1 Dana (US)

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 175)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
             14.4.1 48v Market, By Component & Region
                        14.4.1.1 Asia Oceania
                                     14.4.1.1.1 Start Stop System
                                     14.4.1.1.2 Electric Power Steering (EPS)
                                     14.4.1.1.3 Liquid Heater PTC
                                     14.4.1.1.4 Electric Air Conditioner Compressor
                                     14.4.1.1.5 Electric Vacuum Pump
                                     14.4.1.1.6 Electric Oil Pump
                                     14.4.1.1.7 Electric Water Pump
                                     14.4.1.1.8 Starter
                                     14.4.1.1.9 Alternator
                                     14.4.1.1.10 Integrated Starter Generator
                                     14.4.1.1.11 Actuator
                        14.4.1.2 Europe
                                     14.4.1.2.1 Start Stop System
                                     14.4.1.2.2 Electric Power Steering (EPS)
                                     14.4.1.2.3 Liquid Heater PTC
                                     14.4.1.2.4 Electric Air Conditioner Compressor
                                     14.4.1.2.5 Electric Vacuum Pump
                                     14.4.1.2.6 Electric Oil Pump
                                     14.4.1.2.7 Electric Water Pump
                                     14.4.1.2.8 Starter
                                     14.4.1.2.9 Alternator
                                     14.4.1.2.10 Integrated Starter Generator
                                     14.4.1.2.11 Actuator
                        14.4.1.3 North America
                                     14.4.1.3.1 Start Stop System
                                     14.4.1.3.2 Electric Power Steering (EPS)
                                     14.4.1.3.3 Liquid Heater PTC
                                     14.4.1.3.4 Electric Air Conditioner Compressor
                                     14.4.1.3.5 Electric Vacuum Pump
                                     14.4.1.3.6 Electric Oil Pump
                                     14.4.1.3.7 Electric Water Pump
                                     14.4.1.3.8 Starter
                                     14.4.1.3.9 Alternator
                                     14.4.1.3.10 Integrated Starter Generator
                                     14.4.1.3.11 Actuator
                        14.4.1.4 Rest of the World
                                     14.4.1.4.1 Start Stop System
                                     14.4.1.4.2 Electric Power Steering (EPS)
                                     14.4.1.4.3 Liquid Heater PTC
                                     14.4.1.4.4 Electric Air Conditioner Compressor
                                     14.4.1.4.5 Electric Vacuum Pump
                                     14.4.1.4.6 Electric Oil Pump
                                     14.4.1.4.7 Electric Water Pump
                                     14.4.1.4.8 Starter
                                     14.4.1.4.9 Alternator
                                     14.4.1.4.10 Integrated Starter Generator
                                     14.4.1.4.11 Actuator
     14.5 Related Reports
     14.6 Author Details


List of Tables (149 Tables)

Table 1 Currency Exchange Rates (Per USD)
Table 2 Top HEV & PHEV Models With Advanced Technologies and Sales
Table 3 Battery Type vs Power-To-Weight Ratio
Table 4 Power Output-To-Vehicle Weight
Table 5 Company vs Product, 2017-2019
Table 6 48v Mild Hybrid Market, By Region, 2015–2025 (000’ Units)
Table 7 48v Mild Hybrid Market, By Region, 2017–2027 (USD Million)
Table 8 48v Mild Hybrid Market, By Product, 2017–2027 (USD Million)
Table 9 ISO 7722 Norms for Aluminum Wiring
Table 10 Energy Efficient Technologies & Fuel Efficiency Advantages
Table 11 Vehicle Type vs Product, 2017-2019
Table 12 Vehicle Electrification Market, By Product Type, 2017–2027 (Million Units)
Table 13 Vehicle Electrification Market, By Product Type, 2017–2027 (USD Million)
Table 14 Start-Stop System: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 15 Start-Stop System: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 16 Electric Power Steering (EPS): Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 17 Electric Power Steering (EPS): Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 18 Liquid Heater PTC: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 19 Liquid Heater PTC: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 20 Electric Air Conditioner Compressor: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 21 Electric Air Conditioner Compressor: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 22 Electric Vacuum Pump: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 23 Electric Vacuum Pump: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 24 Electric Oil Pump: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 25 Electric Oil Pump: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 26 Electric Water Pump: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 27 Electric Water Pump: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 28 Starter Motor: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 29 Starter Motor: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 30 Alternator Market: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 31 Alternator Market: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 32 Integrated Starter Generator (ISG): Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 33 Integrated Starter Generator (ISG): Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 34 Actuator Market: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 35 Actuator Market: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 36 Vehicle Electrification Market, By Vehicle Type, 2017–2027 (Million Units)
Table 37 Vehicle Electrification Market, By Vehicle Type, 2017–2027 (USD Million)
Table 38 Passenger Car: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 39 Passenger Car: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 40 Passenger Car: Vehicle Electrification Market, By Degree of Hybridization, 2017–2027 (Million Units)
Table 41 Passenger Car: Vehicle Electrification Market, By Degree of Hybridization, 2017–2027 (USD Billion)
Table 42 LCV: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 43 LCV: Vehicle Electrification Market, By Region, 2017–2027 (USD Billion)
Table 44 Truck: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 45 Truck: Vehicle Electrification Market, By Region, 2017–2027 (USD Billion)
Table 46 Bus: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 47 Bus: Vehicle Electrification Market, By Region, 2017–2027 (USD Billion)
Table 48 Vehicle Type vs Product, 2017-2019
Table 49 Vehicle Electrification Market, By Degree of Hybridization, 2017–2027 (Million Units)
Table 50 Vehicle Electrification Market, By Degree of Hybridization, 2017–2027 (USD Million)
Table 51 ICE & Micro Hybrid: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 52 ICE & Micro Hybrid: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 53 Hybrid Electric Vehicle: Vehicle Electrification Market, By Region, 2017–2027 Million Units)
Table 54 Hybrid Electric Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 55 Plug-In Hybrid Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 56 Plug-In Hybrid Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 57 Battery Electric Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 58 Battery Electric Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 59 48 V Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 60 48 V Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 61 Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 62 Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 63 Asia Oceania Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 64 Asia Oceania: Vehicle Electrification Market, By Country, 2017–2027 (Million Units)
Table 65 Asia Oceania Vehicle Electrification Market, By Country, 2017–2027 (USD Million)
Table 66 China Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 67 China: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 68 China: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 69 Japan Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 70 Japan: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 71 Japan: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 72 South Korea Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 73 South Korea: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 74 South Korea: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 75 India Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 76 India: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 77 India: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 78 Thailand Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 79 Thailand: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 80 Thailand: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 81 Rest of Asia Oceania: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 82 Rest of Asia Oceania: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 83 Europe Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 84 Europe: Vehicle Electrification Market, By Country, 2017–2027 (Million Units)
Table 85 Europe: Vehicle Electrification Market, By Country, 2017–2027 (USD Million)
Table 86 Germany Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 87 Germany: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 88 Germany: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 89 France Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 90 France: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 91 France: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 92 UK Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 93 UK: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 94 UK: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 95 Spain Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 96 Spain: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 97 Spain: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 98 Italy Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 99 Italy: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 100 Italy: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 101 Russia Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 102 Russia: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 103 Russia: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 104 Turkey Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 105 Turkey: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 106 Turkey: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 107 Rest of Europe: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 108 Rest of Europe: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 109 North America Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 110 North America: Vehicle Electrification Market, By Country, 2017–2027 (Million Units)
Table 111 North America: Vehicle Electrification Market, By Country, 2017–2027 (USD Million)
Table 112 US Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 113 US: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 114 US: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 115 Canada Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 116 Canada: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 117 Canada: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 118 Mexico Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 119 Mexico: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 120 Mexico: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 121 RoW Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 122 RoW: Vehicle Electrification Market, By Country, 2017–2027 (Million Units)
Table 123 RoW: Vehicle Electrification Market, By Country, 2017–2027 (USD Million)
Table 124 Brazil Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 125 Brazil: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 126 Brazil: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 127 Russia Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 128 Russia: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 129 Russia: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 130 South Africa Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 131 South Africa: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 132 South Africa: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 133 Rest of RoW: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 134 Rest of RoW: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 135 Expansions, 2015–2017
Table 136 Supply Contract, 2015–2017
Table 137 New Product Launches/Developments, 2017–2017
Table 138 Partnership/Joint Ventures, 2017–2017
Table 139 Mergers/Acquisition, 2015–2017
Table 140 Bosch: Recent Developments
Table 141 Continental: Recent Developments
Table 142 Denso: Recent Developments
Table 143 Delphi: Recent Developments
Table 144 Mitsubishi: Recent Developments
Table 145 Borgwarner: Recent Developments
Table 146 Johnson Electric: Recent Developments
Table 147 Magna: Recent Developments
Table 148 Aisin Seiki: Recent Developments
Table 149 Johnson Controls: Recent Developments


List of Figures (58 Figures)

Figure 1 Global Vehicle Electrification Market Segmentation
Figure 2 Vehicle Electrification Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Data Triangulation
Figure 6 Vehicle Electrification Market: Market Outlook
Figure 7 Vehicle Electrification Market, By Region, 2019 vs 2024 vs 2027 (USD Billion)
Figure 8 Stringent Emission Norms & Fuel Economy Standards to Drive the Vehicle Electrification Market in the Next 5 Years
Figure 9 Asia Oceania to Hold the Largest Share in the Vehicle Electrification Market, 2019 (Value)
Figure 10 US Vehicle Electrification Market to Grow at the Highest Rate During the Forecast Period, 2019–2027 (Value)
Figure 11 Electric Power Steering (EPS) to have the Largest Market Size During the Forecast Period (Value)
Figure 12 Passenger Car Segment to Hold the Largest Market Share, 2019 (Value)
Figure 13 ICE & Micro-Hybrid Vehicles are Expected to have the Largest Market for Vehicle Electrification, 2019 vs 2027 (Value)
Figure 14 Vehicle Electrification Market: Market Dynamics
Figure 15 Vehicle Electrification With Potential Fuel Savings
Figure 16 Porter’s Five Forces Analysis
Figure 17 Capital-Intensive Nature and High R&D Expenditure of Electric Vehicle Industry to have the Highest Impact on New Market Entrants
Figure 18 Unavailability of Sufficient Infrastructure and Product Range Lowers the Threat of Substitutes
Figure 19 High Switching Cost and Backward Integration Impacts the Bargaining Power of Suppliers
Figure 20 Limited Number of Substitutes and Lower Volume of Purchases Lead to A Decrease in Buyer Bargaining Power
Figure 21 High Industry Growth Rate and Exit Barriers Drive the Intensity of Competitive Rivalry
Figure 22 48v Mild Hybrid Market, By Region
Figure 23 Load Distribution of 12v/48v Architecture
Figure 24 Cable Thickness vs Maximum Power
Figure 25 Primary Insight
Figure 26 Vehicle Electrification Market Outlook, By Product Type, By Value, 2019 vs 2027
Figure 27 Primary Insight
Figure 28 Vehicle Electrification Market, By Vehicle Type, 2019 vs 2027 (USD Million)
Figure 29 Vehicle Electrification Market, By Degree of Hybridization, 2017 vs 2027
Figure 30 Primary Insight
Figure 31 Hybrid Technology
Figure 32 Research Methodology
Figure 33 Primary Insight
Figure 34 Region-Wise Snapshot of the Vehicle Electrification Market (Value): Asia Oceania Accounts for the Largest Market Share, 2019 vs 2027
Figure 35 Asia Oceania: Vehicle Electrification Market Snapshot
Figure 36 Asia Oceania: Vehicle Electrification Market, 2019 vs 2027 (USD Million)
Figure 37 Europe: Vehicle Electrificatin Market Snapshot
Figure 38 Europe: Vehicle Electrification Market, 2019 vs 2027 (USD Million)
Figure 39 North America: Vehicle Electrification Market, 2019 vs 2027 (USD Million)
Figure 40 RoW: Vehicle Electrification Market, 2019 vs 2027 (USD Million)
Figure 41 Vehicle Electrification Market: Vendor Dive Analysis
Figure 42 Vehicle Electrification Market Ranking, 2017
Figure 43 Companies Adopted Expansions as the Key Growth Strategy, 2014–2019
Figure 44 Bosch: Company Snapshot
Figure 45 Bosch: SWOT Analysis
Figure 46 Continental: Company Snapshot
Figure 47 Continental: SWOT Analysis
Figure 48 Denso: Company Snapshot
Figure 49 Denso: SWOT Analysis
Figure 50 Delphi: Company Snapshot
Figure 51 Mitsubishi: Company Snapshot
Figure 52 Mitsubishi: SWOT Analysis
Figure 53 Borgwarner: Company Snapshot
Figure 54 Borgwarner: SWOT Analysis
Figure 55 Johnson Electric: Company Snapshot
Figure 56 Magna: Company Snapshot
Figure 57 Aisin Seiki: Company Snapshot
Figure 58 Johnson Control: Company Snapshot

The study involves 4 main activities to estimate the current size of the vehicle electrification market. Exhaustive secondary research was done to collect information on the market, such as the use of diagnostics as well as prognostics solution in vehicle types. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. A top-down approach was employed to estimate the complete market size of different segments considered in this study.

Secondary Research

The secondary sources referred for this research study include annual reports, press releases and investor presentations of companies, white papers, certified publications, articles from recognized authors, directories, databases, and articles from recognized associations and government publishing sources. Various data points have been collected through secondary research such as key company’s revenues, gross booking, number of plants and upcoming plants, average length of the conveyor, and average selling price of the conveyor.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- and supply-side players across 4 major regions, namely, North America, Europe, Asia Oceania, and rest of the world (RoW). Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report. The primary validations include the base market size, forecasted market size, CAGR, segment level data, and trends of each segment.

After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject-matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the global market. In this approach, vehicle production statistics for each vehicle type (passenger car, LCV, and EV) at a country and regional level have been considered.

To determine the market size, in terms of volume, country-level vehicle production has been taken into consideration. Installation trends for each component in each vehicle type in each country considered under the scope of the study have been identified through secondary research and validated through primary research. The penetration rates were multiplied by the production volumes of all vehicle types to arrive at the market size, by volume, of key countries. This country-level market size, in terms of volume, is then multiplied with the country-level average OE price (AOP) of each component for each vehicle type. This results in the country-level market size, in terms of value. The summation of the country-level market gives the regional market, and further summation of the regional market provides the global market. Similar methodology has been followed for market of EVs (BEV, HEV, and PHEV) on the basis of component.

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

Objectives of the Study:

  • To analyze and forecast the market size, in terms of volume (million units) and value (USD million), of the market
  • To define, describe, and project the market by product type [start/stop system, electric power steering (EPS), electric air-conditioner compressor, electric vacuum pump, electric oil pump, and electric water pump, liquid heater PTC, integrated starter generator, starter motor, alternator, and actuator]
  • To define, describe, and project the market by degree of hybridization [internal combustion engine (ICE) and micro hybrid vehicle, hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), battery electric vehicle (BEV) and 48V vehicle]
  • To define, describe, and project the 48V market for vehicle electrification
  • To define, describe, and project the market by region (Asia Oceania, North America, Europe, and Rest of the World)
  • To define, describe, and project the market by vehicle type (passenger car and LCV)
  • To understand the market dynamics, and the impact of market dynamics on the market, market ranking analysis of key vehicle electrification suppliers, and profiles of the top 15 vehicle electrification components suppliers

Vehicle Electrification Market

To know about the assumptions considered for the study, download the pdf brochure

The vehicle electrification market consists of vehicle electrification technology suppliers such as Bosch (Germany), Continental (Germany), Denso (Japan), Delphi (UK), and Johnson Electric (Hong Kong). Vehicle electrification components are supplied to major OEMs in the automotive industry such as Volkswagen (Germany), Toyota Motor Corporation (Japan), and Honda Motor Co Ltd. (Japan) and others.

Target Audience

  • Suppliers of vehicle electrification
  • Raw material manufacturers of vehicle electrification components (suppliers for Tier I)
  • Traders, distributors, and suppliers of vehicle electrification components or raw materials
  • Regional manufacturer associations
  • Automotive OEMs
  • Organized and unorganized aftermarket suppliers
  • Government’s national and regional environmental regulatory agencies or organizations

Available Customizations

Market, by degree of hybridization & country

  • Asia Oceania
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Oceania
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Rest of Europe
  • North America
    • US
    • Mexico
    • Canada
  • Rest of the World
    • Brazil
    • Russia
    • Rest of RoW

48V, By Region

  • Asia Oceania
  • Europe
  • North America
  • RoW
    Report Code
    AT 2839
    Published ON
    Jun, 2019
    Choose License Type
    BUY NOW
    • SHARE
    X
    Request Customization
    Speak to Analyst
    Speak to Analyst
    OR FACE-TO-FACE MEETING
    PERSONALIZE THIS RESEARCH
    • Triangulate with your Own Data
    • Get Data as per your Format and Definition
    • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
    • Any level of Personalization
    REQUEST A FREE CUSTOMIZATION
    LET US HELP YOU!
    • What are the Known and Unknown Adjacencies Impacting the Vehicle Electrification Market
    • What will your New Revenue Sources be?
    • Who will be your Top Customer; what will make them switch?
    • Defend your Market Share or Win Competitors
    • Get a Scorecard for Target Partners
    CUSTOMIZED WORKSHOP REQUEST
    ADJACENT MARKETS
    REQUEST BUNDLE REPORTS
    +1-888-600-6441
    • Call Us
    • +1-888-600-6441 (Corporate office hours)
    • +1-888-600-6441 (US/Can toll free)
    • +44-800-368-9399 (UK office hours)
    CONNECT WITH US
    ABOUT TRUST ONLINE
    © MarketsandMarkets Research Private Ltd. All rights reserved
    ...

    Digital Virtual Assistant - MarketsandMarkets

    Home