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.
Learn More On The Automotive Retrofit Electric Vehicle Powertrain Market’s Growth:
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
Asia-Pacific was the largest region in the automotive retrofit electric vehicle powertrain market in 2022.
The table of contents in TBRC’s automotive retrofit electric vehicle powertrain market report includes:
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
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