Electric Sports Utility Vehicle (e-SUV) Market to grow by USD 83,748.62 million from 2022 to 2027| 33% of the market growth to originate from APAC - Technavio

NEW YORK, Aug. 3, 2023 /PRNewswire/ -- The electric sports utility vehicle (e-SUV) market size is expected to grow by USD 83,748.62 million during 2022-2027, progressing at a CAGR of 25.19% as per the latest Technavio market research report. APAC will account for 33% of the market's overall growth. China and India are the major contributing countries to the regional market growth. The regional market growth is fueled by factors such as government initiatives to promote green transportation, stringent carbon emission norms, and incentive schemes for adopting e-SUVs in polluted cities. Since the economy improves in China and Japan, people's discretionary income has increased, leading to a surge in automobile sales. Hence, such factors drive the growth of the regional market during the forecast period. For more insights on the market share of various regions- Download sample report in MINUTES

Electric Sports Utility Vehicle (e-SUV) Market: Increasing demand and sales of BEVs in the global market to drive growth

Increasing demand and sales of Battery Electric Vehicles (BEVs) drive the growth of the e-SUV market. The growing BEV manufacturers in China, such as BYD Co and BAIC, are driven by the country's growing demand for new energy vehicles, resulting in increased sales volumes.

For instance, in 2021, global BEV sales saw significant growth, especially in China, the US, and select European countries. BEVs accounted for over 60% of all global EV sales, with China leading in BEV deliveries, followed by Europe and the US. Hence, such factors drive the e-SUV market growth during the forecast period.

Electric Sports Utility Vehicle (e-SUV) Market: Emergence Of Wireless Charging Systems For EVs 

The emergence of wireless charging systems is an emerging e-SUV market trend. Leading EV manufacturers and charging system providers devise efficient business models for wireless-go charging in future EVs. Such models enable EVs to position themselves optimally over charging pads for maximum efficiency.

Also, since the focus on sustainable transportation grows, higher levels of EV autonomy gain widespread popularity. Hence, such trends fuel the e-SUV market growth during the forecast period.

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Some of the key Electric Sports Utility Vehicle (e-SUV) Market Players:

The electric sports utility vehicle (e-SUV) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

AEHRA, Bayerische Motoren Werke AG, BYD Co. Ltd., Dr. Ing. h.c. F. Porsche AG, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Kia Motors Corp., Mahindra and Mahindra Ltd., Maruti Suzuki India Ltd., Mercedes Benz Group AG, Nissan Motor Co. Ltd., Pravaig Dynamics Pvt Ltd., Renault SAS, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., Volkswagen AG, and Volvo Car Corp.

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Electric Sports Utility Vehicle (e-SUV) Market: Segmentation Analysis

This market research report segments the electric sports utility vehicle (e-SUV) market by propulsion (battery electric vehicle and hybrid vehicle), Type (Small, medium size, and Large size) and Geography (APAC, North America, Europe, South America, and Middle East and Africa).

• The battery electric vehicle segment will be significant during the forecast period. The segment growth can be attributed to their environmental advantages, lower costs, and technological advancements that have led to better range, performance, and safety. The technological advancements in BEVs have significantly improved their range, safety, and performance, which leads to higher customer acceptance. Hence, such factors boost the battery electric vehicle segment of the e-SUV market during the forecast period.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Propulsion
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global electric sports utility vehicle (e-SUV) market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global electric sports utility vehicle (e-suv) market 2017 - 2021 ($ million)

• 4.2 Propulsion Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Propulsion Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Propulsion

• 6.1 Market segments
• Exhibit 30: Chart on Propulsion - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Propulsion - Market share 2022-2027 (%)

• 6.2 Comparison by Propulsion 
• Exhibit 32: Chart on Comparison by Propulsion
• Exhibit 33: Data Table on Comparison by Propulsion

• 6.3 Battery electric vehicle - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Battery electric vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Battery electric vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Battery electric vehicle - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Battery electric vehicle - Year-over-year growth 2022-2027 (%)

• 6.4 Hybrid vehicle - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Hybrid vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Hybrid vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Hybrid vehicle - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Hybrid vehicle - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Propulsion 
• Exhibit 42: Market opportunity by Propulsion ($ million)
• Exhibit 43: Data Table on Market opportunity by Propulsion ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Small and medium size - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Small and medium size - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Small and medium size - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Small and medium size - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Small and medium size - Year-over-year growth 2022-2027 (%)

• 7.4 Large size - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Large size - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Large size - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Large size - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Large size - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 56: Market opportunity by Type ($ million)
• Exhibit 57: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Norway - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Norway - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Norway - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Norway - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Norway - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Bayerische Motoren Werke AG 
• Exhibit 111: Bayerische Motoren Werke AG - Overview
• Exhibit 112: Bayerische Motoren Werke AG - Business segments
• Exhibit 113: Bayerische Motoren Werke AG - Key news
• Exhibit 114: Bayerische Motoren Werke AG - Key offerings
• Exhibit 115: Bayerische Motoren Werke AG - Segment focus

• 12.4 BYD Co. Ltd.
• Exhibit 116: BYD Co. Ltd. - Overview
• Exhibit 117: BYD Co. Ltd. - Business segments
• Exhibit 118: BYD Co. Ltd. - Key news
• Exhibit 119: BYD Co. Ltd. - Key offerings
• Exhibit 120: BYD Co. Ltd. - Segment focus

• 12.5 Dr. Ing. h.c. F. Porsche AG 
• Exhibit 121: Dr. Ing. h.c. F. Porsche AG - Overview
• Exhibit 122: Dr. Ing. h.c. F. Porsche AG - Product / Service
• Exhibit 123: Dr. Ing. h.c. F. Porsche AG - Key offerings

• 12.6 Ford Motor Co.
• Exhibit 124: Ford Motor Co. - Overview
• Exhibit 125: Ford Motor Co. - Business segments
• Exhibit 126: Ford Motor Co. - Key news
• Exhibit 127: Ford Motor Co. - Key offerings
• Exhibit 128: Ford Motor Co. - Segment focus

• 12.7 Honda Motor Co. Ltd.
• Exhibit 129: Honda Motor Co. Ltd. - Overview
• Exhibit 130: Honda Motor Co. Ltd. - Business segments
• Exhibit 131: Honda Motor Co. Ltd. - Key news
• Exhibit 132: Honda Motor Co. Ltd. - Key offerings
• Exhibit 133: Honda Motor Co. Ltd. - Segment focus

• 12.8 Hyundai Motor Co.
• Exhibit 134: Hyundai Motor Co. - Overview
• Exhibit 135: Hyundai Motor Co. - Business segments
• Exhibit 136: Hyundai Motor Co. - Key news
• Exhibit 137: Hyundai Motor Co. - Key offerings
• Exhibit 138: Hyundai Motor Co. - Segment focus

• 12.9 Kia Motors Corp.
• Exhibit 139: Kia Motors Corp. - Overview
• Exhibit 140: Kia Motors Corp. - Business segments
• Exhibit 141: Kia Motors Corp. - Key offerings
• Exhibit 142: Kia Motors Corp. - Segment focus

• 12.10 Mercedes Benz Group AG 
• Exhibit 143: Mercedes Benz Group AG - Overview
• Exhibit 144: Mercedes Benz Group AG - Business segments
• Exhibit 145: Mercedes Benz Group AG - Key offerings
• Exhibit 146: Mercedes Benz Group AG - Segment focus

• 12.11 Nissan Motor Co. Ltd. 
• Exhibit 147: Nissan Motor Co. Ltd. - Overview
• Exhibit 148: Nissan Motor Co. Ltd. - Business segments
• Exhibit 149: Nissan Motor Co. Ltd. - Key news
• Exhibit 150: Nissan Motor Co. Ltd. - Key offerings
• Exhibit 151: Nissan Motor Co. Ltd. - Segment focus

• 12.12 Renault SAS
• Exhibit 152: Renault SAS - Overview
• Exhibit 153: Renault SAS - Product / Service
• Exhibit 154: Renault SAS - Key offerings

• 12.13 Tata Motors Ltd.
• Exhibit 155: Tata Motors Ltd. - Overview
• Exhibit 156: Tata Motors Ltd. - Business segments
• Exhibit 157: Tata Motors Ltd. - Key news
• Exhibit 158: Tata Motors Ltd. - Key offerings
• Exhibit 159: Tata Motors Ltd. - Segment focus

• 12.14 Tesla Inc.
• Exhibit 160: Tesla Inc. - Overview
• Exhibit 161: Tesla Inc. - Business segments
• Exhibit 162: Tesla Inc. - Key news
• Exhibit 163: Tesla Inc. - Key offerings
• Exhibit 164: Tesla Inc. - Segment focus

• 12.15 Toyota Motor Corp.
• Exhibit 165: Toyota Motor Corp. - Overview
• Exhibit 166: Toyota Motor Corp. - Business segments
• Exhibit 167: Toyota Motor Corp. - Key offerings
• Exhibit 168: Toyota Motor Corp. - Segment focus

• 12.16 Volkswagen AG
• Exhibit 169: Volkswagen AG - Overview
• Exhibit 170: Volkswagen AG - Business segments
• Exhibit 171: Volkswagen AG - Key offerings
• Exhibit 172: Volkswagen AG - Segment focus

• 12.17 Volvo Car Corp.
• Exhibit 173: Volvo Car Corp. - Overview
• Exhibit 174: Volvo Car Corp. - Product / Service
• Exhibit 175: Volvo Car Corp. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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