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Zero Emission Vehicle (ZEV) Market

Zero Emission Vehicle (ZEV) Market Trends & Growth Analysis – Latest Insights

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13734
  • Published Date: Oct, 2023
  • Pages: 238
  • Category: Automotive & Transportation
  • Format: PDF
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Market Dynamics

Drivers

The increasing demand for electric-powered vehicles – the climate change crisis has prompted global government institutions to formulate sustainable and environmentally friendly national policies. The growing emphasis on the green economy has witnessed many economic changes, ranging from the energy and power sectors to the automotive and industrial ones. Conventional fossil fuel vehicles significantly contribute to the increasing greenhouse gas emissions in the environment. A renewed push for designing, developing, and manufacturing electric-powered vehicles that offer better fuel economy, smoother rides, a sustainable environment, and efficient engines has garnered pace in recent years. The technological advancements in lithium-ion batteries, solar power cells, etc., have enabled manufacturers to reduce capital costs and improve efficiency on these non-conventional vehicles. The rising demand for electric vehicles is complementing the supply side. The rising crude oil and energy prices given their non-renewable nature as well as the volatility brought on by the Russia-Ukraine war, have burnt a hole in the average consumer's budget. The long-term costs of electric vehicles are lesser than those of conventional vehicles. Their popularity and adoption have also increased, given the government subsidies offered on their purchase and the increased awareness about climate change amongst the populace. Therefore, the well-segmented supply and demand of electric and non-conventional vehicles, essentially zero-emission vehicles, will drive the market's growth.

Restraints

High costs of production – the technologies used in the design, development, and production of zero-emission vehicles are highly sophisticated pieces of machinery. They are expensive. Furthermore, the nascent stage of the industry translates to high capital costs and less than anticipated revenue from the market, increasing the manufacturers' liabilities. Therefore, the high capital costs will limit the market's growth. The lack of infrastructure, such as charging stations, servicing centers, and after-delivery consultations, will add to the market's limitations.

The environmental concerns about the disposal of electricals – electric vehicles are the most popular zero-emission vehicles in the market. Lithium-ion batteries primarily power them. Lithium-ion batteries are made or assembled using a variety of chemicals or acids. Used batteries must be properly disposed of to protect people and the environment. They contain environmentally unfavorable cobalt, nickel, and manganese. Batteries that are disposed of carelessly have the risk of catching fire, which can occasionally result in damage to property or fatalities. The vapors harm human health, which can lead to respiratory issues. These batteries are now under closer scrutiny and surveillance due to their detrimental impact on the environment, which will restrain the market's expansion.

Opportunities

Favorable government policies – The effects of climate change are witnessed worldwide with the rising flash floods, fires, droughts, and unseasonal rainfall. These events have devasting impacts on the national economies in terms of lives, property, and capital. The climate change crisis is a global phenomenon, and no nation is isolated from its consequences. Multilateral forums push green investments toward developing renewable energy sources, electric vehicles, and other sustainable practices. The rationale is to invest money now and avoid capital losses in the future brought on by the climate change crisis. The governments are encouraging producing and consuming electric vehicles and using solar power and hydrogen as fuel. The federal institutions have increased the funding, subsidies, and incentives for the automotive industry pushing them towards non-conventional vehicles that generate zero emissions. The governments are also encouraging consumers to adopt these automobiles by offering subsidies and other benefits linked to EV purchases. The increased government funding for research and development of zero-emission vehicles will also positively affect the market. Therefore, favorable government policies for the global zero-emission vehicles (ZEV) market will offer lucrative opportunities in the forecast period.

Challenges

The rising instances of EVs catching fire – zero-emission vehicles emit no greenhouse gases from their tailpipe, making them dependent on solar, electric, or other forms of fuel, unlike conventional vehicles that use crude oil and gas. The EVs use electric-powered batteries like lithium-ion. Lithium-ion batteries are complexly engineered and put together by pieces of machinery. When they are overworked or overheated, they are susceptible to catching fire. When their production process is not carried out with the utmost care, they are also more likely to catch fire, which could result in dangerous manufacturing abnormalities. Lithium-ion batteries need to be kept dry and in the shade, because they cannot withstand high temperatures. These safety precautions are occasionally disregarded because of carelessness, which results in fires. Lithium-ion battery fires are now often reported on by news outlets. Such negative media coverage damages the product's brand and decreases its adoption rate. Therefore, the market's expansion will be constrained by the rising number of lithium-ion battery fires.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Vehicle Type
          4.3.2. Market Attractiveness Analysis by Price
          4.3.3. Market Attractiveness Analysis by Top Speed
          4.3.4. Market Attractiveness Analysis by Vehicle Class
          4.3.5. Market Attractiveness Analysis by Vehicle Drive Type
          4.3.6. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing demand for electric powered vehicles
    5.3. Restraints
          5.3.1. High costs of production
          5.3.2. The environmental concerns about disposal of electricals
    5.4. Opportunities
          5.4.1. Favourable government policies
    5.5. Challenges
          5.5.1. The rising instances of EVs catching fire

6. Global Zero Emission Vehicle (ZEV) Market Analysis and Forecast, By Vehicle Type
    6.1. Segment Overview
    6.2. Battery Electric Vehicle
    6.3. Plug-In Hybrid Electric Vehicle
    6.4. Hybrid Electric Vehicle
    6.5. Solar Vehicle
    6.6. Fuel Cell Electric Vehicle

7. Global Zero Emission Vehicle (ZEV) Market Analysis and Forecast, By Price
    7.1. Segment Overview
    7.2. Mid-Price
    7.3. luxury

8. Global Zero Emission Vehicle (ZEV) Market Analysis and Forecast, By Top Speed
    8.1. Segment Overview
    8.2. less than 100 MPH
    8.3. 100-125 MPH
    8.4. More than 125 MPH

9. Global Zero Emission Vehicle (ZEV) Market Analysis and Forecast, By Vehicle Class
    9.1. Segment Overview
    9.2. Commercial Vehicles
    9.3. Passenger Vehicles
    9.4. Two-Wheelers

10. Global Zero Emission Vehicle (ZEV) Market Analysis and Forecast, By Vehicle Drive Type
    10.1. Segment Overview
    10.2. Front Wheel Drive
    10.3. Rear Wheel Drive
    10.4. All-Wheel Drive

1. Global Zero Emission Vehicle (ZEV) Market Analysis and Forecast, By Regional Analysis
    1.1. Segment Overview
    1.2. North America
          1.2.1. U.S.
          1.2.2. Canada
          1.2.3. Mexico
    1.3. Europe
          1.3.1. Germany
          1.3.2. France
          1.3.3. U.K.
          1.3.4. Italy
          1.3.5. Spain
    1.4. Asia-Pacific
          1.4.1. Japan
          1.4.2. China
          1.4.3. India
    1.5. South America
          1.5.1. Brazil
    1.6. Middle East and Africa
          1.6.1. UAE
          1.6.2. South Africa

2. Global Zero Emission Vehicle (ZEV) Market-Competitive Landscape
    2.1. Overview
    2.2. Market Share of Key Players in the Zero Emission Vehicle (ZEV) Market
          2.2.1. Global Company Market Share
          2.2.2. North America Company Market Share
          2.2.3. Europe Company Market Share
          2.2.4. APAC Company Market Share
    2.3. Competitive Situations and Trends
          2.3.1. Product Launches and Developments
          2.3.2. Partnerships, Collaborations, and Agreements
          2.3.3. Mergers & Acquisitions
          2.3.4. Expansions

3. Company Profiles
    3.1. BMW AG
          3.1.1. Business Overview
          3.1.2. Company Snapshot
          3.1.3. Company Market Share Analysis
          3.1.4. Company Product Portfolio
          3.1.5. Recent Developments
          3.1.6. SWOT Analysis
    3.2. Chevrolet Motor Company
          3.2.1. Business Overview
          3.2.2. Company Snapshot
          3.2.3. Company Market Share Analysis
          3.2.4. Company Product Portfolio
          3.2.5. Recent Developments
          3.2.6. SWOT Analysis
    3.3. Ford Motor Company
          3.3.1. Business Overview
          3.3.2. Company Snapshot
          3.3.3. Company Market Share Analysis
          3.3.4. Company Product Portfolio
          3.3.5. Recent Developments
          3.3.6. SWOT Analysis
    3.4. General Motors
          3.4.1. Business Overview
          3.4.2. Company Snapshot
          3.4.3. Company Market Share Analysis
          3.4.4. Company Product Portfolio
          3.4.5. Recent Developments
          3.4.6. SWOT Analysis
    3.5. Hero Electric
          3.5.1. Business Overview
          3.5.2. Company Snapshot
          3.5.3. Company Market Share Analysis
          3.5.4. Company Product Portfolio
          3.5.5. Recent Developments
          3.5.6. SWOT Analysis
    3.6. Hyundai Motor Company
          3.6.1. Business Overview
          3.6.2. Company Snapshot
          3.6.3. Company Market Share Analysis
          3.6.4. Company Product Portfolio
          3.6.5. Recent Developments
          3.6.6. SWOT Analysis
    3.7. Mahindra Electric Mobility Limited
          3.7.1. Business Overview
          3.7.2. Company Snapshot
          3.7.3. Company Market Share Analysis
          3.7.4. Company Product Portfolio
          3.7.5. Recent Developments
          3.7.6. SWOT Analysis
    3.8. Tata Motors
          3.8.1. Business Overview
          3.8.2. Company Snapshot
          3.8.3. Company Market Share Analysis
          3.8.4. Company Product Portfolio
          3.8.5. Recent Developments
          3.8.6. SWOT Analysis
    3.9. Tesla Inc.
          3.9.1. Business Overview
          3.9.2. Company Snapshot
          3.9.3. Company Market Share Analysis
          3.9.4. Company Product Portfolio
          3.9.5. Recent Developments
          3.9.6. SWOT Analysis
    3.10. Toyota Motor Corporation
          3.10.1. Business Overview
          3.10.2. Company Snapshot
          3.10.3. Company Market Share Analysis
          3.10.4. Company Product Portfolio
          3.10.5. Recent Developments
          3.10.6. SWOT Analysis
 

List of Table

1. Global Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

2. Global Battery Electric Vehicle Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

3. Global Plug-In Hybrid Electric Vehicle Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

4. Global Hybrid Electric Vehicle Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

5. Global Solar Vehicle Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

6. Global Fuel Cell Electric Vehicle Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

7. Global Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

8. Global Mid-Price Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

9. Global luxury Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

10. Global Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

11. Global less than 100 MPH Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

12. Global 100-125 MPH Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

13. Global More than 125 MPH Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

14. Global Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

15. Global Commercial Vehicles Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

16. Global Passenger Vehicles Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

17. Global Two-Wheelers Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

18. Global Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

19. Global Front Wheel Drive Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

20. Global Rear Wheel Drive Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

21. Global All-Wheel Drive Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032

22. Global Zero Emission Vehicle (ZEV) Market, By Region, 2019-2032 (USD Billion) 

23. North America Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

24. North America Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

25. North America Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

26. North America Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

27. North America Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

28. U.S. Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

29. U.S. Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

30. U.S. Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

31. U.S. Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

32. U.S. Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

33. Canada Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

34. Canada Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

35. Canada Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

36. Canada Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

37. Canada Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

38. Mexico Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

39. Mexico Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

40. Mexico Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

41. Mexico Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

42. Mexico Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

43. Europe Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

44. Europe Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

45. Europe Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

46. Europe Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

47. Europe Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

48. Germany Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

49. Germany Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

50. Germany Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

51. Germany Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

52. Germany Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

53. France Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

54. France Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

55. France Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

56. France Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

57. France Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

58. U.K. Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

59. U.K. Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

60. U.K. Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

61. U.K. Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

62. U.K. Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

63. Italy Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

64. Italy Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

65. Italy Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

66. Italy Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

67. Italy America Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

68. Spain Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

69. Spain Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

70. Spain Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

71. Spain Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

72. Spain Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

73. Asia Pacific Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

74. Asia Pacific Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

75. Asia Pacific Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

76. Asia Pacific Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

77. Asia Pacific Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

78. Japan Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

79. Japan Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

80. Japan Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

81. Japan Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

82. Japan Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

83. China Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

84. China Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

85. China Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

86. China Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

87. China Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

88. India Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

89. India Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

90. India Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

91. India Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

92. India Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

93. South America Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

94. South America Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

95. South America Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion)

96. South America Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion)

97. South America Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

98. Brazil Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

99. Brazil Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

100. Brazil Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

101. Brazil Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion)

102. Brazil Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

103. Middle East and Africa Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

104. Middle East and Africa Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

105. Middle East and Africa Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

106. Middle East and Africa Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion)

107. Middle East and Africa Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

108. UAE Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

109. UAE Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

110. UAE Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

111. UAE Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion)

112. UAE Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

113. South Africa Zero Emission Vehicle (ZEV) Market, By Vehicle Type, 2019-2032 (USD Billion) 

114. South Africa Zero Emission Vehicle (ZEV) Market, By Price, 2019-2032 (USD Billion) 

115. South Africa Zero Emission Vehicle (ZEV) Market, By Top Speed, 2019-2032 (USD Billion) 

116. South Africa Zero Emission Vehicle (ZEV) Market, By Vehicle Class, 2019-2032 (USD Billion) 

117. South Africa Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type, 2019-2032 (USD Billion) 

List of Figures 

1. Global Zero Emission Vehicle (ZEV) Market Segmentation

2. Zero Emission Vehicle (ZEV) Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Zero Emission Vehicle (ZEV) Market Attractiveness Analysis by Vehicle Type

9. Global Zero Emission Vehicle (ZEV) Market Attractiveness Analysis by Price

10. Global Zero Emission Vehicle (ZEV) Market Attractiveness Analysis by Top Speed

11. Global Zero Emission Vehicle (ZEV) Market Attractiveness Analysis by Vehicle Class

12. Global Zero Emission Vehicle (ZEV) Market Attractiveness Analysis by Vehicle Drive Type

13. Global Zero Emission Vehicle (ZEV) Market Attractiveness Analysis by Region

14. Global Zero Emission Vehicle (ZEV) Market: Dynamics

15. Global Zero Emission Vehicle (ZEV) Market Share by Vehicle Type (2022 & 2032)

16. Global Zero Emission Vehicle (ZEV) Market Share by Price (2022 & 2032)

17. Global Zero Emission Vehicle (ZEV) Market Share by Top Speed (2022 & 2032)

18. Global Zero Emission Vehicle (ZEV) Market Share by Vehicle Class (2022 & 2032)

19. Global Zero Emission Vehicle (ZEV) Market Share by Vehicle Drive Type (2022 & 2032)

20. Global Zero Emission Vehicle (ZEV) Market Share by Regions (2022 & 2032)

21. Global Zero Emission Vehicle (ZEV) Market Share by Company (2022)

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the zero emission vehicle (ZEV) market based on below mentioned segments:

Zero Emission Vehicle (ZEV) Market by Vehicle Type:

  • Battery Electric Vehicle
  • Plug-In Hybrid Electric Vehicle
  • Hybrid Electric Vehicle
  • Solar Vehicle
  • Fuel Cell Electric Vehicle

Zero Emission Vehicle (ZEV) Market by Price:

  • Mid-Price
  • luxury

Zero Emission Vehicle (ZEV) Market by Top Speed:

  • less than 100 MPH
  • 100-125 MPH
  • More than 125 MPH

Zero Emission Vehicle (ZEV) Market by Vehicle Class:

  • Commercial Vehicles
  • Passenger Vehicles
  • Two-Wheelers

Zero Emission Vehicle (ZEV) Market by Vehicle Drive Type:

  • Front Wheel Drive
  • Rear Wheel Drive
  • All-Wheel Drive

Zero Emission Vehicle (ZEV) Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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