The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The electric mobility market size has grown exponentially in recent years. It will grow from $318.03 billion in 2023 to $402.05 billion in 2024 at a compound annual growth rate (CAGR) of 26.4%.  The  growth in the historic period can be attributed to advancements in magnetic materials, consumer electronics boom, automotive electrification, energy-efficient appliances, medical imaging devices.

The electric mobility market size is expected to see exponential growth in the next few years. It will grow to $954.97 billion in 2028 at a compound annual growth rate (CAGR) of 24.1%.  The growth in the forecast period can be attributed to electric vehicle (ev) market growth, iot and smart home devices, advancements in magnet manufacturing techniques, quantum computing development, miniaturization of electronic devices. Major trends in the forecast period include renewable energy technologies, miniaturization and high performance, magnetization techniques for efficiency, magnetic resonance wireless charging, sustainability and recycling.

The increasing demand for electric vehicles is expected to propel the growth of the electric mobility market going forward. Electric vehicles (EVs) are automobiles that are powered primarily or entirely by electricity stored in rechargeable batteries. Electric vehicles significantly reduce greenhouse gas emissions, air pollution, and dependence on fossil fuels, contributing to a more sustainable and environmentally friendly transportation system that supports electric mobility. For instance, in September 2022, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, sales of electric vehicles nearly doubled to 6.6 million in 2021 from 3 million in 2020, representing almost 9% of total sales, and increased by 4 percentage points in 2021 as well, bringing the total number of electric vehicles on the road to 16.5 million. Therefore, the increasing demand for electric vehicles is driving the growth of the electric mobility market.

Get A Free Sample On The Electric Mobility Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=13433&type=smp

What Are The Key Trends That Influence 3D IC And 2.5D IC Packaging Market Share Analysis?

Major companies operating in the electric mobility market are focused on advancements in electric mobility to gain a competitive edge in the market. An integrated E-powertrain system is a comprehensive, unified electric powertrain that combines the motor, power electronics, and energy storage components to propel an electric vehicle efficiently. For instance, in May 2023, ZF Friedrichshafen AG, a Germany-based technology company, launched AXTrax 2, a modular, integrated, axle-based e-powertrain system that enables the electrification of all types of commercial vehicles. It makes it possible for advanced digital and telematics systems to communicate and exchange data about e-axle systems through the controller area network bus. The AxTrax 2 is an axle-based system that replaces the engine, transmission, driveshaft, differential, and conventional axle to electrify a commercial vehicle. This design helps to maximize the available space for batteries and enhances the manufacturer’s design flexibility for future electric mobility concepts.

Which Market Players Are Driving Growth In The Electric Mobility Market?

Major companies operating in the electric mobility market report are Volkswagen AG, Toyota Motor Corporation, Mercedes-Benz Group AG, Ford Motor Company, General Motors Company, Bayerische Motoren Werke AG, Honda Motor Co. Ltd., SAIC Motor Corp. Ltd., Robert Bosch GmbH, Hyundai Motor Company, Hitachi Ltd., Tesla Inc., Siemens AG, Nissan Motor Co. Ltd., Panasonic Corporation, BYD Company Ltd., AB Volvo, Renault Group, Contemporary Amperex Technology Co. Limited, ZF Friedrichshafen AG, Continental AG, Tata Motors Limited, Magna International Inc., Denso Corporation, Mitsubishi Electric Corporation, ABB Ltd., Beijing Automotive Group Co. Ltd., Valeo SA, LG Energy Solution Ltd., BorgWarner Inc.

How Is The Global Electric Mobility Market Segmented?

1) By Product: Electric Bikes; Electric Scooters; Electric Motorized Scooters; Electric Motorcycles
2) By Drive: Belt Drive; Chain Drive; Hub Drive
3) By Battery: Lead Acid Battery; Li-Ion Battery; Other Batteries
4) By End-User: Personal; Commercial

Read The Full Electric Mobility Market Report Here

https://www.thebusinessresearchcompany.com/report/electric-mobility-global-market-report

The Electric Mobility Global Market Report 2024 provides an overview of the electric mobilitymarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electric mobility market forecast analyzes electric mobility market size, electric mobility market share, leading competitor and their market positions.

The Table Of Content For The Electric Mobility Market Include

1. Electric Mobility Market Executive Summary
2. Electric Mobility Market Segments
3. Electric Mobility Market Size And Template Market Growth Rate
4.  Key Electric Mobility Market Trends
5. Major Electric Mobility Market Drivers
……
25. Key Mergers And Acquisitions In The Electric Mobility Market
26. Top Electric Mobility Companies
27. Electric Mobility Market Opportunities And Strategies
28. Electric Mobility Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:

Electric Cars Market Size, Trends, Demand, Share, Analysis 2024-2033

https://www.thebusinessresearchcompany.com/report/electric-cars-global-market-report

Electric Lighting Equipment Market Share, Trends And Forecast To 2033

https://www.thebusinessresearchcompany.com/report/electric-lighting-equipment-global-market-report

Electric Motors Market Size, Growth Revenue, Industry Forecast To 2033

https://www.thebusinessresearchcompany.com/report/electric-motors-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: