Vehicle Electrification Market Size, Drivers, Trends, Restraints, Opportunities And Strategies

Posted by ramtbrc on May 11th, 2023

The Business Research Company’s Vehicle Electrification Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Vehicle Electrification Global Market Report 2023 evaluates vehicle electrification market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global vehicle electrification market size grew from .87 billion in 2022 to .39 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vehicle electrification market size is expected to grow to 9.26 billion in 2027 at a CAGR of 13.0%.

The vehicle electrification market segments in the report are:

1) By Product Type: Starter Motor, Alternator, Electric Car Motors, Electric Water Pumps, Electric Oil Pump, Electric Vacuum Pump, Electric Fuel Pump, Electric Power Steering, Actuators, Start/Stop System

2) By Vehicle Type: Internal Combustion Engine Vehicle, Micro And Full Hybrid Vehicle, Plug-in Hybrid Electric Vehicle (PHEV) And Battery Electric Vehicle (BEV)

3) By Sales Channel: Original Equipment Manufacturers (OEM), Aftermarket


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The table of contents in TBRC’s vehicle electrification market report includes:

1. Executive Summary

2. Vehicle Electrification Market Characteristics

3. Vehicle Electrification Market Trends And Strategies

4. Vehicle Electrification Market – Macro Economic Scenario

5. Vehicle Electrification Market Size And Growth


27. Vehicle Electrification Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Vehicle Electrification Market

29. Vehicle Electrification Market Future Outlook and Potential Analysis

30. Appendix


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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.


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