Skip to main content

Global Business Jet Market: Industry Analysis and Forecast 2021-2027

Vehicle Electrification Market Makers, Suppliers And Forecast 2020-2027

The global vehicle electrification market size is expected to gain momentum by reaching USD 53.3 billion till 2026 while exhibiting a CAGR of 8.5% between 2019 and 2026. This is attributable to increasing demand for hybrid vehicles owing to rising pollution and high adoption of advanced technologies by the manufacturers across the globe. Fortune Business Insights, publishes this information in its latest report, titled “Vehicle Electrification Market Size, Share and Industry Analysis; By Product Type (Start/Stop System, Electric Air Conditioner Compressor, PTC Heater, Electric Vacuum Pump, Electric Water Pump, Electric Oil Pump, Starter Motor & Alternator, Integrated Starter Generator, Actuators). By Vehicle Type (Passenger Cars, Light Commercial Vehicles & Heavy Commercial Vehicles), and Regional Forecast, 2019-2026.” The report further mentions that the market was worth USD 27.9 billion in 2018.

The COVID-19 pandemic has led to severe repercussion owing to its widespread effects across several economies. Several industries are facing unprecedented losses owing to the lockdown announced by several governments across the globe that has resulted in the complete shutdown of the businesses. The crippling economy, however, is being revived through collective efforts from the government as well as the industries and is expected to bounce back in the coming years.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.


List of the Companies Operating in the Market:

Robert Bosch GmbH
Continental AG
Denso Corporation
Delphi Technologies PLC
Johnson Electric Holding Limited
Toyota Motors Corporation
Honda Motors Co. Ltd
What does the Report Include?

The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period.

The report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.


Recent Advancement in Technology to Drive the Market

Depleting fossil fuels along with rising costs of petrol and diesel is propelling the demand for convenient substitutes such as electric vehicles. The rising consumer demand for hybrid vehicles is driving the manufacturers to introduce vehicles with advanced technologies. For instance, growing concerns regarding pollution caused by vehicles, and stringent government policies to limit vehicular emission has enabled the automakers to introduce the engine shut down system technology.

Whenever the vehicle halts at the traffic signal, the smart electric starter system instantly cuts off the fuel supply to the engine. This helps in the consumption of fuel and efficiently reduces fuel emission levels. Therefore, increasing adoption of recent technology advancement in vehicles is expected to favor the growth of the global vehicle electrification market in the forthcoming years.


Favorable Government Policies in Asia Pacific to Favor Growth

Among all regions, the market in Asia-Pacific is expected to witness significant growth and register highest global vehicle electrification market revenue during the forecast period. This is ascribable to factors such as favorable government policies such as tax exemption in the purchase of electric vehicle in countries such as India, China, and South Korea.

On the other hand, Europe is likely to hold second largest position in the market during the forecast period. This is ascribable to increasing adoption of advanced technologies and surging demand for hybrid vehicles in the region.

Read Related Press Releases By Fortune Business Insights™ :


Jaguar Land Rover Collaborating with Nordic Taxi Operator Cabonline to Aid Growth

In June 2020, Jaguar Land Rover announced its plan to collaborate with the Carbonline, the largest taxi operator in Nordic, to support the development of the world’s first high-powered wireless taxis in Oslo. The project, Electricity includes Forum Recharge, the city’s largest point operator, and the US technology developer, Momentum Dynamics. Together, the project is aimed at building a high-powered wireless charging infrastructure for taxis in Oslo.

Arild Hermstad, Vice Mayor of Oslo, says, “We are delighted to have private enterprises onboard to aid us in reaching our dream of electric mobility to conserve fuel and reduce emission by 95% before 2030.” According to Fortune Business Insights, the companies operating in the market are adopting strategies such as merger and acquisition, collaboration, introduction of new products, and partnership to maintain stronghold and gain major global vehicle electrification market share during the forecast period.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.


US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245



Popular posts from this blog

How lead generation has become a boon for businesses?

Be it a small or a large organization, lead generation is a service that is bringing business to all the companies. Lead generation is actually the blood in the vein of all organizations and giving a meaning even to run businesses. People who are aware of this service. Very good for you, but a lot of you must be thinking what exactly is this Lead generation and the Leads? Well, lead can be anyone,(typically a curious customer) who is interested in your service or product or looking for it already. A lead can come through various sources, like website, business page, word of mouth or even a call. It is the most important aspect of online marketing and helps in developing curiosity among people for your services and products so that they come running to you to buy them. Now when we know what lead is now it’s time to know why it’s so important in today’s businesses? Do you know the majority of salespeople are losing their will thinking that why they are not getting more customers? why th

Best Psychic In Paris | Best Psychic Reading Specialist in Paris

Guruji who had abilities altogether dimensions of astrology aptitudes. The Best Psychic in Paris through his understanding and learning on Astrology has helped a big number of his customers keep it up with a glad life. You will totally depend upon astrologer for his proposals. He will examine your horoscope outline, the planetary positions, their impact and you will mention your issues with him. He will provides a total account all of your issues whether its issues identified with hitched life, love connections, or on the off chance that you simply are confronting any medical issues, then forth. Our Guruji who is that the Best psychic reader can lookout of any issue of his customer and has been constantly fruitful. It is safe to mention that you simply are having a harsh time in your life and urgently need direction. Guruji psychic reader is strictly, what you would like. He is a mystic perusing proficient, with numerous long periods of involvement in her field. Through her capacities,

Global Tablet Market: Industry Analysis and Forecast 2021-2027

  Global Tablet Market . The report will give the past market trends from 2015-2020 and forecast from 2021 to 2027 by considering 2020 a differently. The report forecast that market for Tablet will reach to XX Bn by 2027 and has given the regional break up by countries.   Get Free Sample Report: The report has covered the market drivers and different strategies implemented by key players for expansion and to retain their client base by focusing on market leaders, market followers and new entrants in the market or region. The drivers of the market and revenue of each key players in each segment are analysed to give deep insights in brief to make user understand the market scenario in less time. While forecasting for each year, rational behind forecast are given that are supposed to drive or restrain the market. Focus on each players and their sales by unit by brand make this report unique in the industry. The Tablet market fac