세계 전기자동차 부품 시장 규모는 2023년 1,549억 달러에서 2031년 7,647억 달러로 2024-2031년 예측 기간 동안 연평균 22.09% 성장할 것으로 예상됩니다. 이 시장은 최근 몇 년 동안 성장세를 보여 왔으며, 전기자동차 생산 증가, 전기자동차 충전 플랫폼의 발전, 탄소 배출 제로에 대한 인식 증가, 충전소 증가를 위한 정부의 투자 급증으로 인해 향후 몇 년 동안 강력한 확장 속도를 유지할 것으로 예상됩니다. 전기자동차 판매 증가와 전기자동차 급속 충전 인프라의 발전은 예측 기간 동안 세계 전기자동차 부품 시장의 수요를 크게 촉진하고 있습니다. 국가의 경제 성장은 전기자동차 충전 부품의 시장 점유율 확대에 의해 주도되고 있으며, 이는 전기자동차의 보급에 크게 기인합니다. 이러한 추세는 비용 효율성, 소음 공해 감소 및 무공해와 같은 환경적 이점에 의해 촉진되고 있습니다. 전기자동차 부품 시장의 성장은 예측 기간 동안 큰 폭의 성장세를 보이고 있습니다.
또한, 각 지역 정부의 신기술 발전을 위한 자금 지원과 부품 연구 증가는 세계 전기차 부품 시장 규모를 촉진하고 있습니다. 또한, 첨단 기술을 활용한 효율적인 신규 충전소 건설 및 인프라 강화 노력은 예측 기간 동안 전기차 충전 부품 시장의 성장을 뒷받침하고 있습니다. 자동차 산업의 자동차 제조업체들은 전기자동차에 대한 수요 증가에 대응하기 위해 다른 나라에서 부품을 조달할 것으로 예상됩니다.
예를 들어 2023년 11월 테슬라(Tesla, Inc.)는 인도에서 19억 달러 상당의 부품 수입을 두 배로 늘릴 것이라고 발표했으며, 인도 상무부 장관에 따르면 전기자동차 수요 증가는 부품의 성장을 촉진할 것이라고 밝혔습니다.
시장 수요를 촉진하는 전기자동차 투자 및 생산 증가
전기차 생산이 증가하고 있는 것은 전기자동차가 가져다주는 큰 혜택과 고객의 전기자동차에 대한 수요 증가에 기인합니다. 전기자동차에서 배출되는 탄소가 적기 때문에 환경 보호가 강화되고 오염이 억제되는 등 다양한 이점이 예측 기간 동안 세계 시장의 성장을 촉진하고 있습니다. 또한, 소비자의 요구가 가속화됨에 따라 다양한 새로운 부품과 기술이 시장에 출시되면서 연구개발 활동이 활발해지고 있는 것도 세계 전기자동차 부품 시장의 수요 급증에 기여하고 있습니다. 또한, 충전 플랫폼의 증가에 따른 전기차 충전 인프라 개발에 대한 투자 증가는 예측 기간 동안 전기차 충전 부품의 성장률을 뒷받침하고 있습니다. 신흥국 정부는 지역 제조 생태계에 기회를 창출하기 위해 전기자동차 부품 부문에 대한 투자를 계획하고 있습니다.
예를 들어, 2024년 4월, Investment Information and Credit Rating Agency는 인도의 자동차 부품 부문, 특히 EV 부품에 대한 투자 증가를 예측했습니다. 향후 3-4년 동안 30억 달러가 투자될 것으로 예상되며, 이는 현지화를 촉진하고, EV 생산을 강화하며, 제조상의 문제를 해결할 수 있을 것으로 예상됩니다.
EV용 배터리 제조시설 설립으로 시장 성장 촉진
전기차 시장에서는 리튬이온 배터리의 다양한 혁신과 발전이 이루어지고 있으며, 이에 따라 각 업체들은 제품 범위와 영역을 확장하기 위해 노력하고 있습니다. 각 업체들은 첨단 전기 버스 및 승용차 개발에 특화된 다양한 EV용 배터리를 제공하고 있습니다. 또한, 주요 업체들은 전기차 배터리를 포함한 전기차 부품의 다양한 혁신과 연구개발에 집중하고 있습니다. 또한, 전기자동차에 대한 소비자의 관심이 높아지면서 세계 전기자동차 부품 시장 점유율을 독점할 수 있는 많은 기회를 창출하고 있습니다.
예를 들어, Panasonic Corporation은 2022년 3월에 전기자동차용 혁신적인 '4680' 리튬 배터리를 생산하기 위해 서일본 와카야마 공장에 생산 시설을 설립할 것이라고 발표했습니다. 이 설립은 전 세계적으로 전기차의 급속한 보급에 기여하고 전 세계적으로 사업을 확장하는 데 초점을 맞추고 있습니다.
이 보고서는 세계 전기자동차 부품 시장에 대해 조사 분석했으며, 시장 규모와 예측, 시장 역학, 주요 기업 현황과 전망 등을 제공합니다.
Global electric vehicle components market is estimated to witness a CAGR of 22.09% during the forecast period 2024-2031, growing from USD 154.90 billion in 2023 to USD 764.70 billion in 2031. The market has experienced growth in recent years and is estimated to maintain a strong pace of expansion in the coming years due to an increase in the production of electric vehicles, advancement in the electric vehicle charging platform, rising awareness concerning zero carbon emission, and surging investment by government to increase number of a charging station. The rising sales of electric vehicles and advancement in the fast-charging infrastructure of electric cars is driving the global electric vehicle components market demand to a larger extent in the forecast period. The country's economic growth, propelled by a growing market share in electric vehicle charging components, is highly owing to the increasing prevalence of electric vehicles. The trend is fostered by their cost-effectiveness and environmental advantages, including reduced noise pollution, and zero emissions. The electric vehicle components market growth has witnessed a significant rise in the forecast period.
In addition, government funding from different regions for new technology advancement and increased research into components foster the global electric vehicle components market size. Furthermore, initiatives to enhance infrastructure by building new, technologically advanced, and more efficient charging stations support the expansion of the EV charging component market in the forecast period. Automakers in the automotive industry are projected to source components from other countries to address the rising demand for electric vehicles.
For instance, in November 2023, Tesla, Inc. announced to double its imports of components worth USD 1.9 billion from India. The increase in demand for EVs will help foster the growth of components according to the Commerce and Industry Minister of India.
Increase in Investment and Production of Electric Vehicles to Foster Market Demand
The production of electric vehicles is rising due to the significant benefits of electric vehicles and the growing demand from customers for EVs. Different benefits including increased environmental protection and controlled pollution owing to less carbon emission from electric vehicles propel the global market growth in the forecast period. Also, a rise in different research and development activities with different new components and technologies launched in the market, owing to accelerated requirements from the consumer has aided to surge in the global electric vehicle component market demand. Moreover, the increasing investment in the development of EV charging infrastructure with a growing number of charging platforms has supported the growth rate of electric vehicle charging components in the forecast period. Governments of emerging countries are planning to invest in the component segment for electric vehicles to create opportunities for the local manufacturing ecosystem.
For instance, in April 2024, the Investment Information and Credit Rating Agency forecasted an increase in investment in India's auto component sector, especially for EV parts. Over the next 3-4 years the investment of USD 3 billion are expected to allow advancements in localization, enhance EV production, and address manufacturing challenges.
Establishment of Manufacturing Facilities for EV Batteries Propel the Market Growth
In the electric vehicle market, there are different innovations and advancements in lithium-ion batteries functioned by the market players to expand their product range and footprint. Companies are offering a wide range of batteries for EVs that are specifically dedicated to the development of advanced electric buses and passenger cars. Also, key participants are majorly focused on different innovations and research and development into electric vehicle components including EV batteries. Moreover, the growing interest of consumers in electric vehicles has created a number of opportunities for dominating the global electric vehicle components market share. From start-up entrepreneurs compelled by government initiatives to giant companies investing a heavy amount in establishing a manufacturing facility for the production of batteries to expand their business across the globe.
For instance, in March 2022, Panasonic Corporation announced to establish a production facility at Wakayama Factory across western Japan to produce innovative '4680' lithium batteries for electric vehicles. The setup is majorly focused on contributing to the rapid adoption of EVs globally and expanding its business across the globe.
Government Investments, Incentives, and Regulations Propel the Global Market Growth
Government policies significantly propel the growth of the electric vehicle market. Different countries are enacting regulations focused on decreasing carbon emissions and motivating the usage and adoption of electric vehicles which further fosters the global electric vehicle components market demand. Financial investments and incentives comprising rebates, tax credits, and exemptions, are compelled to make EVs more fascinating to purchasers. In addition, mandates that compel vehicle manufacturers to manufacture a precise quantity and quality of electric vehicles propel the advancement and increase of demand for electric vehicle components. Furthermore, governments of different countries are significantly investing in electric mobility projects, introducing opportunities for electric vehicle component manufacturers. By providing incentives to consumers and automakers to adopt and produce electric vehicles respectively, governments are propelling the shift. Thereby, the growing requirement for electric vehicles is projected to drive the sales of components including batteries, motors, power inverters, and others.
For instance, in November 2022, the U.S. Energy Department announced a preliminary approval for approximately USD 710 million in loans to electric vehicle technology manufacturing ventures. SK Siltron CSS, a South Korea-based company, is projected to receive USD 544 million to expand a plant across Bay City, Michigan to produce high-power silicon carbide wafers integrated in EVs.
Traction Battery Pack Dominates the Largest Global Electric Vehicle Components Market Share
Traction battery pack dominate the market growth due to the increase in requirement and production of electric vehicles. A traction battery pack is an essential component in an electric vehicle as it is an electrical energy storage system in the form of direct-current electricity and is used to drive the motor. Therefore, an increase in demand for electric vehicles is projected to foster the demand for traction battery pack segment growth. In the global market for electric vehicle components, there is a range of electric car batteries whereas lithium-ion batteries are most widely used in EVs. Key participants in the market are significantly planning to invest in batteries of electric vehicles to offer better driving experience and vehicle safety.
For instance, in January 2024, Altmin Private Ltd. announced an investment of USD 100 million in lithium-ion batteries in India over the next five years to represent a noteworthy advancement in the value chain for electric vehicles in India.
Asia-Pacific Registers the Largest Global Electric Vehicle Components Market Size
Asia-Pacific registers the largest market size in the global market due to emerging countries witnessing increased technological developments, rising integration of components in electric vehicles, surge in manufacturing and production of electric vehicles, and growing customer requirements concerning electric vehicles. In addition, the government of different countries in Asia-Pacific is increasing their funding in different research and development activities with technological advancement in components coupled with increased infrastructure development, which is projected to market expansion to a greater extent in the forecast period. Furthermore, it is projected that China will be a leading player in the global electric vehicle market as there is a significant increase in demand for passenger cars and economic development. Also, companies in the region have been planning to invest to decrease carbon emissions and encourage the adoption of electric vehicle components.
For instance, in May 2024, Mitsubishi Electric Corporation announced a joint venture with Japanese components and systems producer, Aisin Corporation, for electric and hybrid vehicle components and aims to use the scale as an advantage in an increasingly competitive market.
Future Market Scenario (2024 - 2031F)
Increase in production of electric vehicles, and government policies including FAME and FAME II policies, is expected to propel the global electric vehicle components market growth.
Governments of emerging nations are offering monetary incentives for the advancement of innovative technologies coupled with investment in different research and development activities, accelerating the global electric vehicle components market demand.
Collaboration between companies to introduce new and advanced electrical components, boosting the market growth in the forecast period.
Establishment of new manufacturing facilities in emerging countries propel the production and sales of electric vehicle components.
Key Players Landscape and Outlook
Key participants in the electric vehicle components are significantly investing in different research and development activities to expand their portfolio and develop hybrid and electric vehicles. The automakers in emerging countries are taking and investing in advancement practices to offer cost-effective cars. In addition, companies are efficiently adopting different market growth strategies including new product launches, partnerships, collaborations, mergers and acquisitions, and others to expand product portfolios, and gain a competitive edge.
In May 2022, Mahindra & Mahindra Limited announced to strengthen its electric vehicle portfolio and explore partnerships for sourcing more components from other companies.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.