Brooklyn, New York, March 05, 2024 (GLOBE NEWSWIRE) -- According to a new market research report published by Global Market Estimates, the global greenfield manufacturing for electric vehicles market is projected to grow at a CAGR of 24.1% from 2024 to 2029.
The global greenfield manufacturing for electric vehicles market growth is propelled by the surge in electric two-wheelers and growing demand for consumer/commercial vehicles. Government incentives, stringent emission standards, and rising environmental consciousness are also expected to drive market growth.
Key Market Trends
- Rise of Electric Two-Wheelers: The market is witnessing a significant surge in electric two-wheelers, holding the largest share. This trend is fueled by the increasing adoption of eco-friendly transportation options.
- Focus on Green Mobility: Manufacturers are emphasizing green mobility, which is evident in the establishment of new integrated commercial vehicle plants dedicated to electric vehicle production. This reflects a broader industry shift towards sustainable practices.
- Growing Demand for Consumer/Commercial Vehicles: The consumer and commercial vehicles segment is experiencing substantial growth. This is driven by increased consumer interest in electric vehicles and a rising demand for eco-friendly commercial transportation solutions.
Browse 147 Market Data Tables and 115 Figures spread through 163 Pages and in-depth TOC on “Global Greenfield Manufacturing for Electric Vehicles Market - Forecast to 2029’’
Key Market Insights
- As per the end user outlook, the public transportation segment is expected to be the largest segment in the global greenfield manufacturing for electric vehicles market from 2024 to 2029
- As per the manufacturing stage outlook, the battery manufacturing facilities segment is expected to be the fastest-growing segment in the global greenfield manufacturing for electric vehicles market from 2024 to 2029
- Asia Pacific region is analyzed to be the fastest-growing region in the market
- North America region is estimated to hold the largest share of the market during the forecast period from 2024 to 2029
- Tesla, Rivian, Lucid Motors, NIO Inc., Ashok Leyland, BYD Company Limited, Lordstown Motors Corp., Xpeng Motors, Fisker Inc., CATL (Contemporary Amperex Technology Co. Limited), and Polestar, among others, are some of the key players operating in the global greenfield manufacturing for electric vehicles market.
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By Vehicle Type Outlook (Revenue, USD Billion, 2024-2029)
- Electric Two-Wheeler
- Electric Three and Four-Wheeler
By Manufacturing Stage Outlook (Revenue, USD Billion, 2024-2029)
- Assembly Plants
- Battery Manufacturing Facilities
- Component Manufacturing Plants
- Complete Vehicle Manufacturing Plants
By End User Outlook (Revenue, USD Billion, 2024-2029)
- Consumer & Commercial Vehicles
- Public Transportation
- Industrial Applications
By Regional Outlook (Revenue, USD Billion, 2024-2029)
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Indonesia
- Malaysia
- Singapore
- Vietnam
- Rest of APAC
Central and South America
- Brazil
- Argentina
- Chile
- Rest of CSA
Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of MEA
Contact: Yash Jain
Director - Global Accounts & Strategic Advisory
Email address: yash.jain@globalmarketestimates.com
Phone Number: +1 6026667238 / +91 9769352498
Website: www.globalmarketestimates.com
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