Bosch has emerged as a dominant player in the vehicle electrification market.

The Vehicle Electrification Market is projected to grow at a CAGR of 8.17% from 2017 to 2022, to reach a market size of USD 92.59 billion by 2022. Increasing stringency in vehicle emission regulations and increased fuel efficiency targets are expected to drive the demand for vehicle electrification during the forecast period. According to the new market research report.

Vehicle Electrification Market by Product (Start-Stop, PTC, EPS, Electric Air-Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V Mild-Hybrid, Degree of Hybridization, and Vehicle Type - Global Forecast to 2022. Download our free PDF Brochure and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=224946587

New product development is the second most widely followed strategy in the market. For instance, Delphi Automotive PLC (U.K.) has developed a new 48-volt mild hybrid solution to meet emission regulations and minimize the engine load, leading to decreased emissions & improved efficiency. Johnson Electric launched a high power electric power steering motor to provide high steering power and low cogging torque through innovative brush motor technology. Other companies that adopted the strategy of new product development include Continental AG (Germany) and Johnson Electric (Hong Kong).

The vehicle electrification market is dominated by a few global players and comprises several regional players. Robert Bosch GmbH (Germany) is a leading player in the global vehicle electrification market. The company manufactures electric oil pump, electric fuel pump, electric power steering, and belt drive starter generator with regional offices in 60 locations. The company’s sales network covers 150 countries across the globe. A diverse product portfolio along with a strong global presence helps the company maintain its leadership position in the market, keeping the revenue streams strong. The company has invested close to USD 6.99 billion in R&D and has also been focusing on expansion as its key strategy.

Browse and in-depth TOC vehicle electrification market

108 - Tables

62 - Figures

237 – Pages

Target audience

• Suppliers of vehicle electrification
• Raw material manufacturers of vehicle electrification components (suppliers for Tier I)
• Traders, distributors, and suppliers of vehicle electrification components or raw materials
• Regional manufacturer associations
• Automotive OEMs
• Organized and unorganized aftermarket suppliers
• Government’s national and regional environmental regulatory agencies or organizations

A key factor restraining the growth of market is the high cost of electric systems and components. The cost of electric vehicle is still high despite the advancements in battery technology and incentives provided by the governments. Cost has been a major obstacle to the widespread of EV market. The vehicle electrification market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the Market are Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC(U.K.), Johnson Electrics (Hong Kong).

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