- Electrified Motilities,
- Hybrid Motilities
Transportation Electrification Market size was valued at USD 73,654.9 million in 2022 and is expected to grow at a significant CAGR of 7.5% from 2023 to 2029. 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.
Transportation Electrification Market 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
Transportation Electrification Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
7.5%
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.
Europe Got Significant Share
Transportation Electrification Market Regional Analysis
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
Key Features of the Reports
- The 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
Transportation Electrification Market Segmentation
By Electrification Type
By Transportation
- Railway Transportation,
- Vehicle Transportation,
- Ships & Boats Transportation,
- Aeroplan’s Transportation
By Application
- Passenger Transportation,
- Commercial Transportation
Frequently Asked Questions
The transportation electrification market size was valued at USD 73,654.9 million in 2022
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, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Electrified Motilities |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Railway Transportation |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. Passenger Transportation |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029 |
| 9. North America Transportation Electrification Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Electrification Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 9.6. North America Transportation Electrification Market Dynamics Trends |
| 10. Europe Transportation Electrification Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Electrification Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 10.6. Europe Transportation Electrification Market Dynamics Trends |
| 11. Asia-Pacific Transportation Electrification Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Electrification Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 11.6. Asia-Pacific Transportation Electrification Market Dynamics Trends |
| 12. Latin America Transportation Electrification Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Electrification Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 12.6. Latin America Transportation Electrification Market Dynamics Trends |
| 13. Middle East and Africa Transportation Electrification Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 13.1. Electrification Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 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 |
- Bombardier
- Siemens AG
- Continental AG
- Tesla
- General Electric
- Continental AG
- Robert Bosch GmbH
- General Motors
- Valeo
- Bosch
- Denso
- BorgWarner