Transportation Electrification Market: By Electrification Type, By Transportation Mode, By Application and Geography
Transportation Electrification Market: By Electrification Type, By Transportation Mode, By Application and Geography
Transportation electrification market size was valued at US$ 74, 654.9 million in 2023 and is expected to grow at a significant CAGR of 8.4% from 2024 to 2030. The global market provides a detailed overview that can be segmented By Electrification Type, Transportation Mode, and Application. Based on electrification transportation electrification market has been segmented into Electrified Motilities and Hybrid Motilities. The electrified motilities segment is likely to be the largest and fastest-growing segment in terms of type.
Based on transportation mode the market is segmented into Railway Transportation, Vehicle Transportation, Ships & Boats Transportation, and Aeroplane Transportation. Among these, the Railway Transportation segment is expected to have the fastest-growing market during the forecast period. Based on application, the transportation electrification market is segmented into Passenger Transportation and Commercial Transportation. The passenger transportation segment accounts for the largest share in 2021. Commercial transportation is the second-largest share during the forecast period. according to Precision Business Insights.
Study Period
2024-2030Base Year
2023CAGR
8.4%Largest Market
North AmericaFastest Growing Market
Asia pacific
Increasing the efficiency of the vehicle and reduces defense on the convention fuels and lower carbon emission this intern provide a various environmental and economic benefit. additionally, vehicle electrification offers less operational cost and required less maintenance.
By region, the Europe market is expected to witness the highest market share during the forecast period. The region is witnessing a boosted demand for electric vehicles. Government policies decreased electric vehicle prices, and enhanced consumer preference for electric vehicles is propelling the expansion of the transportation electrification market across the Europe region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
8.4% |
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By Electrification Type |
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By Transportation |
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By Application |
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The transportation electrification market size was valued at US$ 74, 654.9 million in 2023
The transportation electrification market key players are: Bombardier Siemens AG Continental AG Tesla General Electric Continental AG Robert Bosch GmbH General Motors Valeo Bosch Denso BorgWarner
The transportation electrification market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Transportation Electrification Market Introduction |
| 2.1. Global Transportation Electrification Market Taxonomy |
| 2.2. Global Transportation Electrification Market Definitions |
| 2.2.1. By Electrification Type |
| 2.2.2. By Transportation Mode |
| 2.2.3. By Application |
| 2.2.4. By Region |
| 3. Global Transportation Electrification Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Transportation Electrification Market Dynamic Factors - Impact Analysis |
| 3.6. Global Transportation Electrification Market Competition Landscape |
| 4. Global Transportation Electrification Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Transportation Electrification Market, By Electrification Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Electrified Motilities |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Hybrid Motilities |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Transportation Electrification Market, By Transportation Mode, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Railway Transportation |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Vehicle Transportation |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Ships & Boats Transportation |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Aeroplans Transportation |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Transportation Electrification Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Passenger Transportation |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Commercial Transportation |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Transportation Electrification Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Transportation Electrification Market - Opportunity Analysis Index, By Electrification Type, By Transportation Mode, By Application and Region, 2024 - 2030 |
| 9. North America Transportation Electrification Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Electrification Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Electrified Motilities |
| 9.1.2. Hybrid Motilities |
| 9.2. Transportation Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Railway Transportation |
| 9.2.2. Vehicle Transportation |
| 9.2.3. Ships & Boats Transportation |
| 9.2.4. Aeroplans Transportation |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Passenger Transportation |
| 9.3.2. Commercial Transportation |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Transportation Electrification Market - Opportunity Analysis Index, By Electrification Type, By Transportation Mode, By Application and Country, 2024 - 2030 |
| 9.6. North America Transportation Electrification Market Dynamics Trends |
| 10. Europe Transportation Electrification Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Electrification Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Electrified Motilities |
| 10.1.2. Hybrid Motilities |
| 10.2. Transportation Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Railway Transportation |
| 10.2.2. Vehicle Transportation |
| 10.2.3. Ships & Boats Transportation |
| 10.2.4. Aeroplans Transportation |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Passenger Transportation |
| 10.3.2. Commercial Transportation |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Rest of Europe |
| 10.5. Europe Transportation Electrification Market - Opportunity Analysis Index, By Electrification Type, By Transportation Mode, By Application and Country, 2024 - 2030 |
| 10.6. Europe Transportation Electrification Market Dynamics Trends |
| 11. Asia-Pacific Transportation Electrification Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Electrification Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Electrified Motilities |
| 11.1.2. Hybrid Motilities |
| 11.2. Transportation Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Railway Transportation |
| 11.2.2. Vehicle Transportation |
| 11.2.3. Ships & Boats Transportation |
| 11.2.4. Aeroplans Transportation |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Passenger Transportation |
| 11.3.2. Commercial Transportation |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Transportation Electrification Market - Opportunity Analysis Index, By Electrification Type, By Transportation Mode, By Application and Country, 2024 - 2030 |
| 11.6. Asia-Pacific Transportation Electrification Market Dynamics Trends |
| 12. Latin America Transportation Electrification Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Electrification Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Electrified Motilities |
| 12.1.2. Hybrid Motilities |
| 12.2. Transportation Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Railway Transportation |
| 12.2.2. Vehicle Transportation |
| 12.2.3. Ships & Boats Transportation |
| 12.2.4. Aeroplans Transportation |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Passenger Transportation |
| 12.3.2. Commercial Transportation |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Transportation Electrification Market - Opportunity Analysis Index, By Electrification Type, By Transportation Mode, By Application and Country, 2024 - 2030 |
| 12.6. Latin America Transportation Electrification Market Dynamics Trends |
| 13. Middle East and Africa Transportation Electrification Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Electrification Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Electrified Motilities |
| 13.1.2. Hybrid Motilities |
| 13.2. Transportation Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Railway Transportation |
| 13.2.2. Vehicle Transportation |
| 13.2.3. Ships & Boats Transportation |
| 13.2.4. Aeroplans Transportation |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Passenger Transportation |
| 13.3.2. Commercial Transportation |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Transportation Electrification Market - Opportunity Analysis Index, By Electrification Type, By Transportation Mode, By Application and Country, 2024 - 2030 |
| 13.6. MEA Transportation Electrification Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Bombardier |
| 14.2.2. Siemens AG |
| 14.2.3. Continental AG |
| 14.2.4. Tesla |
| 14.2.5. General Electric |
| 14.2.6. Continental AG |
| 14.2.7. Robert Bosch GmbH |
| 14.2.8. General Motors |
| 14.2.9. Valeo |
| 14.2.10. Bosch |
| 14.2.11. Denso |
| 14.2.12. BorgWarner |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
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