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Premium Electric Vehicle Market Report: Trends, Forecast and Competitive Analysis to 2030

July 2024 | 150 pages | ID: P9D6E291FB2EEN
Lucintel

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Premium Electric Vehicle Trends and Forecast

The future of the global premium electric vehicle market looks promising with opportunities in the individual and rental markets. The global premium electric vehicle market is expected to reach an estimated $279.4 billion by 2030 with a CAGR of 18.1% from 2024 to 2030. The major drivers for this market are growing awareness of climate change and air pollution and on-going improvement in the charging infrastructure and reducing battery costs.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Premium Electric Vehicle by Segment

The study includes a forecast for the global premium electric vehicle by type, application, and region.

Premium Electric Vehicle Market by Type [Shipment Analysis by Value from 2018 to 2030]:
  • BEV
  • PHEV
Premium Electric Vehicle Market by Application [Shipment Analysis by Value from 2018 to 2030]:
  • Individual
  • Rental
Premium Electric Vehicle Market by Region [Shipment Analysis by Value from 2018 to 2030]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
List of Premium Electric Vehicle Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies premium electric vehicle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the premium electric vehicle companies profiled in this report include-
  • Tesla
  • BYD
  • BMW
  • Mercedes-Benz
  • Audi
  • Li Auto
  • Xiaopeng
  • Nio
  • Jaguar
  • Porsche
Premium Electric Vehicle Market Insights

Lucintel forecasts that PHEV is expected to witness higher growth over the forecast period.

Within this market, individual is expected to witness higher growth.

North America is expected to witness the highest growth over the forecast period.

Features of the Global Premium Electric Vehicle Market

Market Size Estimates: Premium electric vehicle market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Premium electric vehicle market size by type, application, and region in terms of value ($B).

Regional Analysis: Premium electric vehicle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the premium electric vehicle market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the premium electric vehicle market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the premium electric vehicle market size?

Answer: The global premium electric vehicle market is expected to reach an estimated $279.4 billion by 2030.

Q2. What is the growth forecast for premium electric vehicle market?

Answer: The global premium electric vehicle market is expected to grow with a CAGR of 18.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the premium electric vehicle market?

Answer: The major drivers for this market are growing awareness of climate change and air pollution and on-going improvement in the charging infrastructure and reducing battery costs.

Q4. What are the major segments for premium electric vehicle market?

Answer: The future of the premium electric vehicle market looks promising with opportunities in the individual and rental markets.

Q5. Who are the key premium electric vehicle market companies?

Answer: Some of the key premium electric vehicle companies are as follows:
  • Tesla
  • BYD
  • BMW
  • Mercedes-Benz
  • Audi
  • Li Auto
  • Xiaopeng
  • Nio
  • Jaguar
  • Porsche
Q6. Which premium electric vehicle market segment will be the largest in future?

Answer: Lucintel forecasts that PHEV is expected to witness higher growth over the forecast period.

Q7. In premium electric vehicle market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness the highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the premium electric vehicle market by type (BEV and PHEV), application (individual and rental), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Premium Electric Vehicle Market, Premium Electric Vehicle Market Size, Premium Electric Vehicle Market Growth, Premium Electric Vehicle Market Analysis, Premium Electric Vehicle Market Report, Premium Electric Vehicle Market Share, Premium Electric Vehicle Market Trends, Premium Electric Vehicle Market Forecast, Premium Electric Vehicle Companies, write Lucintel analyst at email: [email protected]. We will be glad to get back to you soon.
1. EXECUTIVE SUMMARY

2. GLOBAL PREMIUM ELECTRIC VEHICLE MARKET : MARKET DYNAMICS

2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030

3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Premium Electric Vehicle Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Premium Electric Vehicle Market by Type
  3.3.1: BEV
  3.3.2: PHEV
3.4: Global Premium Electric Vehicle Market by Application
  3.4.1: Individual
  3.4.2: Rental

4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2018 TO 2030

4.1: Global Premium Electric Vehicle Market by Region
4.2: North American Premium Electric Vehicle Market
  4.2.1: North American Premium Electric Vehicle Market by Type: BEV and PHEV
  4.2.2: North American Premium Electric Vehicle Market by Application: Individual and Rental
4.3: European Premium Electric Vehicle Market
  4.3.1: European Premium Electric Vehicle Market by Type: BEV and PHEV
  4.3.2: European Premium Electric Vehicle Market by Application: Individual and Rental
4.4: APAC Premium Electric Vehicle Market
  4.4.1: APAC Premium Electric Vehicle Market by Type: BEV and PHEV
  4.4.2: APAC Premium Electric Vehicle Market by Application: Individual and Rental
4.5: ROW Premium Electric Vehicle Market
  4.5.1: ROW Premium Electric Vehicle Market by Type: BEV and PHEV
  4.5.2: ROW Premium Electric Vehicle Market by Application: Individual and Rental

5. COMPETITOR ANALYSIS

5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

6.1: Growth Opportunity Analysis
  6.1.1: Growth Opportunities for the Global Premium Electric Vehicle Market by Type
  6.1.2: Growth Opportunities for the Global Premium Electric Vehicle Market by Application
  6.1.3: Growth Opportunities for the Global Premium Electric Vehicle Market by Region
6.2: Emerging Trends in the Global Premium Electric Vehicle Market
6.3: Strategic Analysis
  6.3.1: New Product Development
  6.3.2: Capacity Expansion of the Global Premium Electric Vehicle Market
  6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Premium Electric Vehicle Market
  6.3.4: Certification and Licensing

7. COMPANY PROFILES OF LEADING PLAYERS

7.1: Tesla
7.2: BYD
7.3: BMW
7.4: Mercedes-Benz
7.5: Audi
7.6: Li Auto
7.7: Xiaopeng
7.8: Nio
7.9: Jaguar
7.10: Porsche


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