The report also provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global vehicle electrification market. The key players in the market for vehicle electrification have also been identified and profiled. Apart from quantitative analysis of these markets, the report also covers qualitative aspects such as value chain analysis, PEST analysis and Porter’s five force analysis for the global market.
Dallas, TX -- (SBWIRE) -- 07/23/2015 -- The report "Vehicle Electrification Market - Trends & Forecast to 2019", defines and segments the automotive coolant and lubricant markets with analysis and forecast of the global volume and value.
Browse 94 market data tables and 76 figures spread through 157 pages and in-depth TOC on "Vehicle Electrification Market - Trends & Forecast to 2019".
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The global market size by value for vehicle electrification technologies is projected to reach $30.74 billion by 2019. This market for vehicle electrification technologies is estimated to be largest in Asia-Oceania region, having market share of about ~40.7% in vehicle electrification technologies in 2014. China is the major contributor to the growth of vehicle electrification technologies in Asia-Oceania region. The global demand for vehicle electrification technologies market is increasing prices of conventional fuels, sales growth of electric vehicles (EVs), stringent emission norms and greater demand for engine downsizing and better fuel economy. In addition, tax exemption and subsidy provided by government of various countries will also create better opportunities for the vehicle electrification market. Europe holds second position in case of market for vehicle electrification technologies. The major contributor to this market in Europe region is Germany, having largest sales of vehicles in this region.
Asia-Oceania is estimated to be the largest and fastest growing market for vehicle electrification. Japan and China are the main contributors to the growth of market in Asia-Oceania region. To cater this huge demand of the Asia-Oceania region many OEMs are expanding in to this region.
In this research study global market is classified into three major segments such as vehicle electrification market by region (Asia-Oceania, North America, Europe, and RoW) along with key countries in each region, by product type (start/stop system, electric power steering (EPS), liquid heater PTC, electric air-conditioner compressor, electric vacuum pump, electric oil pump, and electric water pump) and by the degree of hybridization (internal combustion engine (ICE) and micro hybrid, hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and battery electric vehicle (BEV)/electric vehicle (EV)/fuel cell electric vehicle (FCEV)).
The report also provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global vehicle electrification market. The key players in the market for vehicle electrification have also been identified and profiled. Apart from quantitative analysis of these markets, the report also covers qualitative aspects such as value chain analysis, PEST analysis and Porter's five force analysis for the global market.
The global vehicle electrification market is dominated by few major players with many other small/medium players. Few of the key players are Robert Bosch GmbH. (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), JTEKT Corporation (Japan), Nexteer Automotive (U.S.), TRW Automotive Holding s Corp. (U.S.) and Mitsubishi Electric Corporation (Japan). The major strategy adopted by these key market players is geographic expansion and new product development.
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