DUBLIN--(BUSINESS WIRE)--Jan 4, 2023--

The “Vehicle Electrification: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Vehicle Electrification estimated at US$74 Billion in the year 2020, is projected to reach a revised size of US$121.6 Billion by 2027, growing at a CAGR of 7.3% over the analysis period 2020-2027.

Electric Power Steering, one of the segments analyzed in the report, is projected to record a 8.9% CAGR and reach US$36.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Starter Motors & Alternators segment is readjusted to a revised 6.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $20.4 Billion, While China is Forecast to Grow at 12.2% CAGR

The Vehicle Electrification market in the U.S. is estimated at US$20.4 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$27.3 Billion by the year 2027 trailing a CAGR of 12.6% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$16.3 Billion by the year 2027.

Start / Stop Systems Segment to Record 7.2% CAGR

In the global Start / Stop Systems segment, USA, Canada, Japan, China and Europe will drive the 7.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.3 Billion in the year 2020 will reach a projected size of US$11.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 8.8% CAGR through the analysis period.

Select Competitors (Total 46 Featured) -

• Aisin Seiki Co., Ltd.
• Aptiv PLC
• BorgWarner, Inc.
• Continental AG
• Denso Corporation
• Hitachi Automotive Systems Ltd.
• Johnson Controls, Inc.
• Johnson Electric Holdings Ltd.
• JTEKT Corporation
• Magna International, Inc.
• Mitsubishi Electric Corporation
• Robert Bosch GmbH
• Valeo SA
• WABCO Holdings Inc.
• ZF Friedrichshafen AG

What’s New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Vehicle Electrification - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/vd9ctn

View source version on businesswire.com:https://www.businesswire.com/news/home/20230104005808/en/

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KEYWORD:

INDUSTRY KEYWORD: RECREATIONAL VEHICLES VEHICLE TECHNOLOGY PERFORMANCE & SPECIAL INTEREST EV/ELECTRIC VEHICLES OFF-ROAD TRUCKS & SUVS FLEET MANAGEMENT ALTERNATIVE VEHICLES/FUELS GENERAL AUTOMOTIVE AUTONOMOUS DRIVING/VEHICLES AUTOMOTIVE AUTOMOTIVE MANUFACTURING OTHER AUTOMOTIVE MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2023.

PUB: 01/04/2023 12:12 PM/DISC: 01/04/2023 12:12 PM

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