Transportation Electrification Market: By Electrification Type, By Transportation Mode, By Application and Region Forecast 2019-2030

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Transportation Electrification Market Size, Share, Growth, Trends, and Global Industry Analysis: By Electrification Type (Electrified Motilities, Hybrid Motilities), By Transportation Mode (Railway Transportation, Vehicle Transportation, Ships & Boats Transportation, Aeroplans Transportation), By Application (Passenger Transportation, Commercial Transportation) and Region Forecast 2019-2030

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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 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 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.

Key Development

  • In January2022, ABB acquires controlling interest in In Charge Energy, strengthening its EV charging solutions in the U.S. to strengthening EV charging solutions

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Transportation Electrification Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.4%

Largest Market

North America

Fastest Growing Market

Asia pacific

Transportation Electrification Market Dynamics

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.

Transportation Electrification Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market CAGR

8.4%

By Electrification Type

  • Electrified Motilities,
  • Hybrid Motilities

By Transportation

  • Railway Transportation,
  • Vehicle Transportation,
  • Ships & Boats Transportation,
  • Aeroplan’s Transportation

By Application

  • Passenger Transportation,
  • Commercial Transportation

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The transportation electrification market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

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Frequently Asked Questions

The transportation electrification market size was valued at US$ 74, 654.9 million in 2023

The market key players are: Bombardier Siemens AG Continental AG Tesla General Electric Continental AG Robert Bosch GmbH General Motors Valeo Bosch Denso BorgWarner

The 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

  • Bombardier
  • Siemens AG
  • Continental AG
  • Tesla
  • General Electric
  • Continental AG
  • Robert Bosch GmbH
  • General Motors
  • Valeo
  • Bosch
  • Denso
  • BorgWarner

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