The Automotive Retrofit Electric Vehicle Powertrain Global Market Report 2023, provides comprehensive information on the automotive retrofit electric vehicle powertrain market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Automotive Retrofit Electric Vehicle Powertrain Global Market Report 2023, the global automotive retrofit electric vehicle powertrain market size is expected to grow from $59.54 billion in 2022 to $65.14 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. 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 global automotive retrofit electric vehicle powertrain market size is expected to reach $89.56 billion in 2027 at a CAGR of 8.3%.
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Product innovations are a key trend gaining popularity in the automotive retrofit electric vehicle powertrain. Major companies operating in automotive retrofit electric vehicle powertrains are focused on developing new innovative solutions to strengthen their position in the market. For instance, in January 2023, Starya mobility, an Indian-based electric vehicle company introduced an indigenously built ARAI-approved electric powertrain that includes a 5.5kw proprietary PMSM motor & controller. This controller converts a petrol scooter to pure electric and can withstand climatic conditions. Internal combustion engines and gasoline tanks would be replaced, respectively, by an electric powertrain that provides the necessary power for the vehicle to move on the road surface.
The automotive retrofit electric vehicle powertrain market is segmented:
1) By Component Type: Inclusive Conversion Kit, Electric Motor, Battery, Controller, Charger, Other Components
2) By Vehicle type: Two Wheelers, Passenger Vehicle, Commercial Vehicle
3) By Electric Vehicle Type: All Electric Vehicle Battery, Plug-in Hybrid Vehicle, Hybrid Vehicle
Top 5 Major Players:
- Robert Bosch GMbH
- Mitsubishi Electric Corporation
- Magna International Inc
- Altigreen Propulsion Labs – Engineering,
- Bharath Mobi,
Asia-Pacific was the largest region in the automotive retrofit electric vehicle powertrain market in 2022.
Table of contents :
1. Executive Summary
2. Automotive Retrofit Electric Vehicle Powertrain Market Characteristics
3. Automotive Retrofit Electric Vehicle Powertrain Market Trends And Strategies
4. Automotive Retrofit Electric Vehicle Powertrain Market – Macro Economic Scenario
5. Automotive Retrofit Electric Vehicle Powertrain Market Size And Growth
…..
26. Africa Automotive Retrofit Electric Vehicle Powertrain Market
27. Automotive Retrofit Electric Vehicle Powertrain Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Retrofit Electric Vehicle Powertrain Market
29. Automotive Retrofit Electric Vehicle Powertrain Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Automotive Retrofit Electric Vehicle Powertrain Market, Segmentation By Component Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Automotive Retrofit Electric Vehicle Powertrain Market, Segmentation By Vehicle type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Automotive Retrofit Electric Vehicle Powertrain Market, Segmentation By Electric Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 46: Robert Bosch GMbH Financial Performance
Table 47: Mitsubishi Electric Coroporation Financial Performance
Table 48: Magna International Inc. Financial Performance
Table 49: Altigreen Propulsion Labs – Engineering Financial Performance
Table 50: Bharath Mobi Financial Performance
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