Zero Emission Vehicle Market Size, Share, Trends, Growth 2032
Zero Emission Vehicle Market By Vehicle Type (Fuel Cell Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Battery Electric Vehicles), By Vehicle Class (Two-Wheelers & Three-Wheelers, Passenger Cars, and Commercial Vehicles), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 - 2032-
Category: Automotive Report Format : PDF
Pages: 211 Report Code: ZMR-8875
Published Date: Nov-2024 Status : Published
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 195 Billion | USD 249 Billion | 20% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Zero Emission Vehicle Market, (2024 - 2032) (USD Billion)
- 2.2 Global Zero Emission Vehicle Market : snapshot
- Chapter 3. Global Zero Emission Vehicle Market - Industry Analysis
- 3.1 Zero Emission Vehicle Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Supportive government policies and innovations in battery technologies to aid the global market surge by 2032
- 3.3 Market Restraints
- 3.3.1. Escalating preliminary product costs can hinder the global industry expansion over 2024-2032
- 3.4 Market Opportunities
- 3.4.1. Favorable government policies to augment the expansion of the global market by 2032
- 3.5 Market Challenges
- 3.5.1. Low access to key vehicle parts can impede the growth of the global industry over analysis period
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Vehicle Type
- 3.7.2 Market attractiveness analysis By Vehicle Class
- Chapter 4. Global Zero Emission Vehicle Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Zero Emission Vehicle Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Zero Emission Vehicle Market - Vehicle Type Analysis
- 5.1 Global Zero Emission Vehicle Market overview: By Vehicle Type
- 5.1.1 Global Zero Emission Vehicle Market share, By Vehicle Type, 2023 and 2032
- 5.2 Fuel Cell Electric Vehicles
- 5.2.1 Global Zero Emission Vehicle Market by Fuel Cell Electric Vehicles, 2024 - 2032 (USD Billion)
- 5.3 Plug-in Hybrid Electric Vehicles
- 5.3.1 Global Zero Emission Vehicle Market by Plug-in Hybrid Electric Vehicles, 2024 - 2032 (USD Billion)
- 5.4 Battery Electric Vehicles
- 5.4.1 Global Zero Emission Vehicle Market by Battery Electric Vehicles, 2024 - 2032 (USD Billion)
- 5.1 Global Zero Emission Vehicle Market overview: By Vehicle Type
- Chapter 6. Global Zero Emission Vehicle Market - Vehicle Class Analysis
- 6.1 Global Zero Emission Vehicle Market overview: By Vehicle Class
- 6.1.1 Global Zero Emission Vehicle Market share, By Vehicle Class, 2023 and 2032
- 6.2 Two-Wheelers & Three-Wheelers
- 6.2.1 Global Zero Emission Vehicle Market by Two-Wheelers & Three-Wheelers, 2024 - 2032 (USD Billion)
- 6.3 Passenger Cars
- 6.3.1 Global Zero Emission Vehicle Market by Passenger Cars, 2024 - 2032 (USD Billion)
- 6.4 Commercial Vehicles
- 6.4.1 Global Zero Emission Vehicle Market by Commercial Vehicles, 2024 - 2032 (USD Billion)
- 6.1 Global Zero Emission Vehicle Market overview: By Vehicle Class
- Chapter 7. Zero Emission Vehicle Market - Regional Analysis
- 7.1 Global Zero Emission Vehicle Market Regional Overview
- 7.2 Global Zero Emission Vehicle Market Share, by Region, 2023 & 2032 (USD Billion)
- 7.3. North America
- 7.3.1 North America Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 7.3.1.1 North America Zero Emission Vehicle Market, by Country, 2024 - 2032 (USD Billion)
- 7.3.1 North America Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 7.4 North America Zero Emission Vehicle Market, by Vehicle Type, 2024 - 2032
- 7.4.1 North America Zero Emission Vehicle Market, by Vehicle Type, 2024 - 2032 (USD Billion)
- 7.5 North America Zero Emission Vehicle Market, by Vehicle Class, 2024 - 2032
- 7.5.1 North America Zero Emission Vehicle Market, by Vehicle Class, 2024 - 2032 (USD Billion)
- 7.4. Europe
- 7.4.2 Europe Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 7.4.2.1 Europe Zero Emission Vehicle Market, by Country, 2024 - 2032 (USD Billion)
- 7.4.2 Europe Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 7.4 Europe Zero Emission Vehicle Market, by Vehicle Type, 2024 - 2032
- 7.4.1 Europe Zero Emission Vehicle Market, by Vehicle Type, 2024 - 2032 (USD Billion)
- 7.5 Europe Zero Emission Vehicle Market, by Vehicle Class, 2024 - 2032
- 7.5.1 Europe Zero Emission Vehicle Market, by Vehicle Class, 2024 - 2032 (USD Billion)
- 7.5. Asia Pacific
- 7.5.3 Asia Pacific Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 7.5.3.1 Asia Pacific Zero Emission Vehicle Market, by Country, 2024 - 2032 (USD Billion)
- 7.5.3 Asia Pacific Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 7.4 Asia Pacific Zero Emission Vehicle Market, by Vehicle Type, 2024 - 2032
- 7.4.1 Asia Pacific Zero Emission Vehicle Market, by Vehicle Type, 2024 - 2032 (USD Billion)
- 7.5 Asia Pacific Zero Emission Vehicle Market, by Vehicle Class, 2024 - 2032
- 7.5.1 Asia Pacific Zero Emission Vehicle Market, by Vehicle Class, 2024 - 2032 (USD Billion)
- 7.6. Latin America
- 7.6.4 Latin America Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 7.6.4.1 Latin America Zero Emission Vehicle Market, by Country, 2024 - 2032 (USD Billion)
- 7.6.4 Latin America Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 7.4 Latin America Zero Emission Vehicle Market, by Vehicle Type, 2024 - 2032
- 7.4.1 Latin America Zero Emission Vehicle Market, by Vehicle Type, 2024 - 2032 (USD Billion)
- 7.5 Latin America Zero Emission Vehicle Market, by Vehicle Class, 2024 - 2032
- 7.5.1 Latin America Zero Emission Vehicle Market, by Vehicle Class, 2024 - 2032 (USD Billion)
- 7.7. The Middle-East and Africa
- 7.7.5 The Middle-East and Africa Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 7.7.5.1 The Middle-East and Africa Zero Emission Vehicle Market, by Country, 2024 - 2032 (USD Billion)
- 7.7.5 The Middle-East and Africa Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 7.4 The Middle-East and Africa Zero Emission Vehicle Market, by Vehicle Type, 2024 - 2032
- 7.4.1 The Middle-East and Africa Zero Emission Vehicle Market, by Vehicle Type, 2024 - 2032 (USD Billion)
- 7.5 The Middle-East and Africa Zero Emission Vehicle Market, by Vehicle Class, 2024 - 2032
- 7.5.1 The Middle-East and Africa Zero Emission Vehicle Market, by Vehicle Class, 2024 - 2032 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Stellantis NV
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Volkswagen AG
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Toyota Motor Corporation
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Tesla Inc.
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Hyundai Motor Company
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Proterra Inc.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 BYD Company Limited
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 General Motors
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Ford Motor Company
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Nissan Motor Co. Ltd.
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Lucid Motors
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 LG Energy Solution
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Nissan Motor Co. Ltd.
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Rivian Automotive LLC
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Volvo Group
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Contemporary Amperex Technology Co. Limited
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 BMW Group.
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 and others.
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.1 Stellantis NV
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Zero Emission Vehicle Market attractiveness, By Vehicle Type
- 6. Global Zero Emission Vehicle Market attractiveness, By Vehicle Class
- 7. Global Zero Emission Vehicle Market share by Vehicle Type, 2024 and 2032 (USD Billion)
- 8. Global Zero Emission Vehicle Market by Fuel Cell Electric Vehicles, 2024 - 2032 (USD Billion)
- 9. Global Zero Emission Vehicle Market by Plug-in Hybrid Electric Vehicles, 2024 - 2032 (USD Billion)
- 10. Global Zero Emission Vehicle Market by Battery Electric Vehicles, 2024 - 2032 (USD Billion)
- 11. Global Zero Emission Vehicle Market share by Vehicle Class, 2024 and 2032 (USD Billion)
- 12. Global Zero Emission Vehicle Market by Two-Wheelers & Three-Wheelers, 2024 - 2032 (USD Billion)
- 13. Global Zero Emission Vehicle Market by Passenger Cars, 2024 - 2032 (USD Billion)
- 14. Global Zero Emission Vehicle Market by Commercial Vehicles, 2024 - 2032 (USD Billion)
- 15. Global Zero Emission Vehicle Market share, by Region, 2024 and 2032
- 16. North America Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 17. Europe Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 18. Asia Pacific Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 19. Latin America Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
- 20. The Middle-East and Africa Zero Emission Vehicle Market, 2024 - 2032 (USD Billion)
Table Of Tables
- 1. Global Zero Emission Vehicle Market: Snapshot
- 2. Drivers of the Zero Emission Vehicle Market: impact analysis
- 3. North America Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 4. North America Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 5. U.S. Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 6. U.S. Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 7. Canada Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 8. Canada Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 9. Europe Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 10. Europe Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 11. Germany Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 12. Germany Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 13. France Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 14. France Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 15. U.K. Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 16. U.K. Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 17. Italy Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 18. Italy Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 19. Spain Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 20. Spain Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 21. Rest of Europe Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 22. Rest of Europe Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 23. Asia Pacific Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 24. Asia Pacific Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 25. China Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 26. China Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 27. Japan Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 28. Japan Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 29. India Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 30. India Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 31. South Korea Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 32. South Korea Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 33. South-East Asia Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 34. South-East Asia Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 35. Rest of Asia Pacific Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 36. Rest of Asia Pacific Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 37. Latin America Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 38. Latin America Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 39. Brazil Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 40. Brazil Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 41. Mexico Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 42. Mexico Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 43. Rest of Latin America Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 44. Rest of Latin America Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 45. The Middle-East and Africa Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 46. The Middle-East and Africa Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 47. GCC Countries Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 48. GCC Countries Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 49. South Africa Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 50. South Africa Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
- 51. Rest of Middle-East Africa Zero Emission Vehicle Market revenue, By Vehicle Type, 2024 - 2032 (USD Billion)
- 52. Rest of Middle-East Africa Zero Emission Vehicle Market revenue, By Vehicle Class, 2024 - 2032 (USD Billion)
Methodology
FrequentlyAsked Questions
Zero-emission vehicles are key components that help reduce GHG emissions and combat climatic changes. These vehicles do not emit pollutants or exhaust gases from their power sources.
The global zero-emission vehicle market will grow over the forecast period due to technological breakthroughs and escalating customer preference for green products.
According to a study, the global zero emission vehicle industry size was $195 billion in 2023 and is projected to reach $249 billion by the end of 2032.
The global zero emission vehicle market is anticipated to record a CAGR of nearly 20% from 2024 to 2032.
The European zero-emission vehicle industry is set to register the fastest CAGR over the forecasting timeframe owing to supportive government policies, growing customer awareness about green products, and a strong supply chain for various product components in European countries such as the UK, Germany, France, and Italy.
The global zero emission vehicle market is led by players such as Stellantis NV, Volkswagen AG, Toyota Motor Corporation, Tesla, Inc., Hyundai Motor Company, Proterra Inc., BYD Company Limited, General Motors, Ford Motor Company, Nissan Motor Co., Ltd., Lucid Motors, LG Energy Solution, Nissan Motor Co., Ltd., Rivian Automotive LLC, Volvo Group, Contemporary Amperex Technology Co., Limited, and BMW Group.
The global zero emission vehicle market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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