Electric Vehicle Range Extender Market Research 2020-2024 | Industry Planning Structure for the New Normal | Technavio

Technavio has been monitoring the electric vehicle range extender market and it is poised to grow by USD 290.20 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Electric Vehicle Range Extender Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Electric Vehicle Range Extender Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the electric vehicle range extender market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

  • Based on segmentation by the application, which is the leading segment in the market?
    The passenger cars are the leading segment in the market.
  • What are the major trends in the market?
    The high cost of energy-efficient cars is the major trend in the market.
  • At what rate is the market projected to grow?
    The market is projected to accelerate at a CAGR of over 5%.
  • Who are the top players in the market?
    AB Volvo, AVL List GmbH, Ballard Power Systems Inc., FEV Group GmbH|Magna International Inc., MAHLE GmbH, Nissan Motor Co. Ltd., Plug Power Inc., Tata Motors Ltd., Tesla Inc. are the top players in the market.
  • What are the key market drivers and challenges?
    The market is driven by the increasing demand for plug-in hybrid electric vehicles. However, the decline in the price of lithium-ion batteries will challenge growth.
  • How big is the APAC market?
    67% of the market’s growth will originate from APAC during the forecast period.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, AVL List GmbH, Ballard Power Systems Inc., FEV Group GmbH, Magna International Inc., MAHLE GmbH, Nissan Motor Co. Ltd., Plug Power Inc., Tata Motors Ltd., and Tesla Inc. are some of the major market participants. Although the increasing demand for plug-in hybrid electric vehicles will offer immense growth opportunities, the decline in the price of lithium-ion batteries is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this electric vehicle range extender market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Electric Vehicle Range Extender Market 2020-2024: Segmentation

The electric vehicle range extender market is segmented as below:

  • Application
    • Passenger Cars
    • Commercial Vehicles
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR46472

Electric Vehicle Range Extender Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The electric vehicle range extender market report covers the following areas:

  • Electric Vehicle Range Extender Market Size
  • Electric Vehicle Range Extender Market Trends
  • Electric Vehicle Range Extender Market Industry Analysis

This study identifies high cost of energy-efficient cars as one of the prime reasons driving the electric vehicle range extender market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Electric Vehicle Range Extender Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist electric vehicle range extender market growth during the next five years
  • Estimation of the electric vehicle range extender market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric vehicle range extender market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric vehicle range extender market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Passenger cars - Market size and forecast 2019-2024
  • Commercial vehicles - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AB Volvo
  • AVL List GmbH
  • Ballard Power Systems Inc.
  • FEV Group GmbH
  • Magna International Inc.
  • MAHLE GmbH
  • Nissan Motor Co. Ltd.
  • Plug Power Inc.
  • Tata Motors Ltd.
  • Tesla Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations 

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