The global German Electric Vehicle market size was valued at 194,163 thousand units in 2020 and the total revenue is expected to grow at 22 % through 2021 to 2027, German Electric Vehicle Market is reaching nearly 781,061.60 thousand units by 2027.
Market Overview:
This study aims to provide a comprehensive analysis of the German Electric Vehicle market, encompassing its various segments, industries, and geographical regions. The research incorporates detailed insights into the primary factors influencing the growth of the German Electric Vehicle industry, along with an extensive evaluation of its value chain.
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Market Scope:
The research methodology employed for analyzing and forecasting the German Electric Vehicle market involves gathering revenue data from major suppliers through secondary research sources. Additionally, vendor offerings are considered in the process of market segmentation. The overall size of the German Electric Vehicle market is estimated using the bottom-up approach, leveraging the revenue of prominent firms.
Drivers:
To support the rising electric vehicle market in Germany, a significant increase in charging infrastructure is required - By 2027, an estimated 180,000 to 200,000 public chargers would be needed to service about 5.7 to 7.4 million electric vehicles in Germany, representing a market share of 35 % of passenger vehicle sales, and a total of 448,000 to 565,000 chargers by 2030. Chargers deployed in 2018 covered 12 % to 13 % of charging demands in 2025, and 4% to 5% of charging needs in 2030. Although governments and private sector will have to put in a lot more work to create this charging infrastructure, these predicted demands are around half of Germany's stated aim of 1 million public chargers by 2030. In the scenarios addressed in this analysis, this discrepancy is explained by fewer automobiles and a smaller number of charges per electric vehicle.
Segmentation:
by Drive Type
• PHEV
• BEV
• Hybrid
by Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
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Key Players:
The major players featured in the German Electric Vehicle market report include:
• Mercedes Benz
• Bollinger
• Bollore
• Microlino
• Mistubishi
• Nissan
• Peugeot
• Smart
• Tesla
• ABB
• Eaton
• AVL
• Alfen
• Delphi Automotive
• Volkswagen
• Renault
• BMW
• Hyundai
• Jaguar
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Regional Analysis:
Our research team conducted thorough primary and secondary research for the global German Electric Vehicle market study. Secondary research was conducted to enhance available data, segment the market, assess total market size, forecast market size, and growth rate. Various methodologies have been employed to calculate market value and growth rate. We gather market insights and data from diverse regions to offer a comprehensive regional perspective. Country-level analysis is conducted by examining multiple regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators.
Separate market share data is provided for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Analysts are encouraged to leverage their competitive strengths and conduct independent competitive analysis on each rival.
COVID-19 Impact Analysis on German Electric Vehicle Market: Our research on the German Electric Vehicle market also includes a comprehensive evaluation of COVID-19's impact, considering factors such as imports, suppliers, and market players.
Key Questions Answered in the German Electric Vehicle Market Report:
• Which segment contributed the largest share to the German Electric Vehicle market?
• What was the competitive scenario of the German Electric Vehicle market in 2020?
• What are the key factors driving the growth of the German Electric Vehicle market?
• Which region held the highest share in the German Electric Vehicle market in 2020?
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