Vehicle Electrification Market, Global Outlook and Forecast 2023-2029

Requirement for light weighting to achieve improved fuel efficiency and reduced tail-pipe emissions as well as increased demand for safety, comfort, and luxury are the key factors influencing the demand for vehicle electrification during the forecast period.
This report aims to provide a comprehensive presentation of the global market for Vehicle Electrification, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vehicle Electrification. This report contains market size and forecasts of Vehicle Electrification in global, including the following market information:
Global Vehicle Electrification Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Vehicle Electrification Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Vehicle Electrification companies in 2022 (%)
The global Vehicle Electrification market was valued at US$ 62440 million in 2022 and is projected to reach US$ 87720 million by 2029, at a CAGR of 5.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Start/Stop System Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Vehicle Electrification include Bosch, Continental, Denso, Delphi, Johnson Electric, Mitsubishi Electric, Borgwarner, Magna and Aisin, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Vehicle Electrification manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vehicle Electrification Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Vehicle Electrification Market Segment Percentages, by Type, 2022 (%)
    Start/Stop System
    Electric Power Steering (EPS)
    Electric Air-Conditioner Compressor
    Electric Vacuum Pump
    Electric Oil Pump
    Electric Water Pump
    Liquid Heater PTC
    Integrated Starter Generator (ISG)
    Starter Motor & Alternator
    Actuators
Global Vehicle Electrification Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Vehicle Electrification Market Segment Percentages, by Application, 2022 (%)
    Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
    Hybrid Electric Vehicle (HEV)
    Plug-In Hybrid Electric Vehicle (PHEV)
    Battery Electric Vehicle (BEV)
    Others
Global Vehicle Electrification Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Vehicle Electrification Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vehicle Electrification revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Vehicle Electrification revenues share in global market, 2022 (%)
Key companies Vehicle Electrification sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Vehicle Electrification sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Bosch
    Continental
    Denso
    Delphi
    Johnson Electric
    Mitsubishi Electric
    Borgwarner
    Magna
    Aisin
    Johnson Controls
    ZF
    Valeo
    Jtekt
    Hitachi Automotive
    Wabco
Outline of Major Chapters:
Chapter 1: Introduces the definition of Vehicle Electrification, market overview.
Chapter 2: Global Vehicle Electrification market size in revenue and volume.
Chapter 3: Detailed analysis of Vehicle Electrification manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Vehicle Electrification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Vehicle Electrification capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.