Electric SUV Market | Market 2019-2023: Share Forecasts, Regional Trends & Growth

Electric Sports Utility Vehicles (E-SUVs), are considered as alternatives of internal combustion engine (ICE) SUVs. E-SUVs are characterized by higher efficiency and lower emission of harmful gases, thus helping maintain environmental balance. These SUVs have received an over-whelming response from the developed markets, especially in the U.S., UK and Germany. The Global Electric Sports Utility Vehicle (e-SUV) Market is expected to witness ~10% CAGR during the period, 2018 to 2023.

Request Free Sample Copy @

https://www.marketresearchfuture.com/sample_request/7498

Electric Sports Utility Vehicle (e-SUV) Market Highlights:

Electric Sports Utility Vehicles (E-SUVs), are considered as alternatives of internal combustion engine (ICE) SUVs. E-SUVs are characterized by higher efficiency and lower emission of harmful gases, thus helping maintain environmental balance. These SUVs have received an over-whelming response from the developed markets, especially in the U.S., UK and Germany.

Rising level of stringency in terms of environmental regulations and growing awareness regarding environmental degradation among the masses are expected to play key roles in the growth of this market over the forecast period. Besides, attractive incentives by governing bodies such as free parking and charging batteries along with discounts, have also had a major impact on the growth of the market.

Key Players

The prominent players in the Global Electric Sports Utility Vehicle (E-SUV) Market include

Toyota Motor Corporation (Japan)

Tesla, Inc. (U.S.)

BMW Group (Germany)

Jaguar Land Rover (UK)

Audi AG (Germany)

Porsche AG (Germany)

Volvo Car (Sweden)

The Hyundai Motor Company (South Korea)

Honda Motor Company, Ltd. (Japan)

Nissan Motor Co., Ltd. (Japan)

Electric Sports Utility Vehicle Market Segmentation:

The global electric sports utility vehicle (e-SUV) market is segmented on the basis of drive train, seater type and region.

On the basis of drive train, the market is segmented into Front Wheel Drive (FWD), Rear Wheel Drive (RWD), and All Wheel Drive (AWD). By seater type, the market is segmented into 5-seater and 7-seater.

Regional Analysis

The global Electric Sports Utility Vehicle (e-SUV) market is segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific is projected to witness the highest CAGR over the forecast period. Countries such as China, Japan and South Korea, are major consumers and producers of SUVs in this regions. Similarly, these countries are also expected to dominate the Asia Pacific eSUV market over the forecast period.

The European market was dominated by developed countries such as UK, germany and France. This region has a well-established infrastructure in place for electric vehicles, which has made it easier for consumers to switch from ICE vehicles to electric vehicles. Smaller countries in this region such as Norway and Ireland are known for a high penetration of electric vehicles.

By Regions

North America

Asia-Pacific

Europe

Rest of the World

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

I am Miller Peet, I am working in market research future as a automotive research analyst