Electric 4 Wheel Drive Car Market 2027
2017 –2027 GLOBAL ELECTRIC 4 WHEEL DRIVE CAR MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Electric 4 Wheel Drive Car In a Four-wheel drive- the power is sent to the rear wheels, which means that the back- wheels of a car drive the vehicle forward whilst the front wheels function or spin freely. This process enables better traction for the vehicle and to avoid wheelspin. This concept is also known as 'Variable Torque Distribution. Market Segmentation Year Range PROPULSION REGION • BEV • Asia-Pacific Review Period • HEV • Europe 2017 – 2020 • PHEV • North America • South America Base Year • Middle East & Africa (MEA) 2021 VEHICLE TYPE Estimated Year • Hatchback BATTERY CAPACITY • Sedan • Below 25 KWH 2022 • SUV • 25KWH-40KWH Forecast Period • Above 40KWH 2023 – 2027 2
Table of Contents S. No. Contents Page No. 1. Product Overview (Definition of Product Type and major terminologies used in the report) 2. Research Methodology (Detailed description of the methodology used to conduct the research, Raw data backup, list of all secondary sources, List of respondents for primary surveys) 3. Impact of COVID-19 on Global Electric 4 Wheel Drive Car Market 4. Executive Summary 5. Voice of Customer 5.1. Factors Influencing Purchase Decision 5.2. Aided Brand Recall and Unaided Brand Recall 5.3. Brand Satisfaction Level Global Electric 4 Wheel Drive Car Market Outlook, 2017-2027F (This chapter includes a brief overview of 6. the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.) 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Propulsion (BEV, HEV, PHEV) 6.2.2. By Vehicle Type (Hatchback, Sedan, SUV) 6.2.3. By Battery Capacity (Below 25 KWH, 25KWH-40KWH, Above 40KWH) 6.2.4. By Company (2021) 6.2.5 By Region 6.3. Product Market Map (By Vehicle Type, By Region) 3
Table of Contents S. No. Contents Page No. 7. Asia-Pacific Electric 4 Wheel Drive Car Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Propulsion 7.2.2. By Vehicle Type 7.2.3. By Battery Capacity 7.2.4. By Country 7.3. Product Market Map (By Vehicle Type, By Country) 7.4. Asia-Pacific: Country Analysis 7.4.1. China Electric 4 Wheel Drive Car Market Outlook 7.4.1.1. Market Size & Forecast 7.4.1.1.1. By Value & Volume 7.4.1.2. Market Share & Forecast 7.4.1.2.1. By Propulsion 7.4.1.2.2. By Vehicle Type 7.4.1.2.3. By Battery Capacity 7.4.2. India Electric 4 Wheel Drive Car Market Outlook 7.4.2.1. Market Size & Forecast 7.4.2.1.1. By Value & Volume 7.4.2.2. Market Share & Forecast 7.4.2.2.1. By Propulsion 7.4.2.2.2. By Vehicle Type 7.4.2.2.3. By Battery Capacity 4
Table of Contents S. No. Contents Page No. 7.4.3. Japan Electric 4 Wheel Drive Car Market Outlook 7.4.3.1. Market Size & Forecast 7.4.3.1.1. By Value & Volume 7.4.3.2. Market Share & Forecast 7.4.3.2.1. By Propulsion 7.4.3.2.2. By Vehicle Type 7.4.3.2.3. By Battery Capacity 7.4.4. Malaysia Electric 4 Wheel Drive Car Market Outlook 7.4.4.1. Market Size & Forecast 7.4.4.1.1. By Value & Volume 7.4.4.2. Market Share & Forecast 7.4.4.2.1. By Propulsion 7.4.4.2.2. By Vehicle Type 7.4.4.2.3. By Battery Capacity 7.4.5. Thailand Electric 4 Wheel Drive Car Market Outlook 7.4.5.1. Market Size & Forecast 7.4.5.1.1. By Value & Volume 7.4.5.2. Market Share & Forecast 7.4.5.2.1. By Propulsion 7.4.5.2.2. By Vehicle Type 7.4.5.2.3. By Battery Capacity 5
Table of Contents S. No. Contents Page No. 7.4.6. Indonesia Electric 4 Wheel Drive Car Market Outlook 7.4.6.1. Market Size & Forecast 7.4.6.1.1. By Value & Volume 7.4.6.2. Market Share & Forecast 7.4.6.2.1. By Propulsion 7.4.6.2.2. By Vehicle Type 7.4.6.2.3. By Battery Capacity 7.4.7. South Korea Electric 4 Wheel Drive Car Market Outlook 7.4.7.1. Market Size & Forecast 7.4.7.1.1. By Value & Volume 7.4.7.2. Market Share & Forecast 7.4.7.2.1. By Propulsion 7.4.7.2.2. By Vehicle Type 7.4.7.2.3. By Battery Capacity 7.4.8. Thailand Electric 4 Wheel Drive Car Market Outlook 7.4.8.1. Market Size & Forecast 7.4.8.1.1. By Value & Volume 7.4.8.2. Market Share & Forecast 7.4.8.2.1. By Propulsion 7.4.8.2.2. By Vehicle Type 7.4.8.2.3. By Battery Capacity 6
Table of Contents S. No. Contents Page No. 8. Europe Electric 4 Wheel Drive Car Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Propulsion 8.2.2. By Vehicle Type 8.2.3. By Battery Capacity 8.2.4. By Country 8.3. Product Market Map (By Vehicle Type, By Country) 8.4. Europe: Country Analysis 8.4.1. France Electric 4 Wheel Drive Car Market Outlook 8.4.1.1. Market Size & Forecast 8.4.1.1.1. By Value & Volume 8.4.1.2. Market Share & Forecast 8.4.1.2.1. By Propulsion 8.4.1.2.2. By Vehicle Type 8.4.1.2.3. By Battery Capacity 8.4.2. Germany Electric 4 Wheel Drive Car Market Outlook 8.4.2.1. Market Size & Forecast 8.4.2.1.1. By Value & Volume 8.4.2.2. Market Share & Forecast 8.4.2.2.1. By Propulsion 8.4.2.2.2. By Vehicle Type 8.4.2.2.3. By Battery Capacity 7
Table of Contents S. No. Contents Page No. 8.4.3. United Kingdom Electric 4 Wheel Drive Car Market Outlook 8.4.3.1. Market Size & Forecast 8.4.3.1.1. By Value & Volume 8.4.3.2. Market Share & Forecast 8.4.3.2.1. By Propulsion 8.4.3.2.2. By Vehicle Type 8.4.3.2.3. By Battery Capacity 8.4.4. Italy Electric 4 Wheel Drive Car Market Outlook 8.4.4.1. Market Size & Forecast 8.4.4.1.1. By Value & Volume 8.4.4.2. Market Share & Forecast 8.4.4.2.1. By Propulsion 8.4.4.2.2. By Vehicle Type 8.4.4.2.3. By Battery Capacity 8.4.5. Spain Electric 4 Wheel Drive Car Market Outlook 8.4.5.1. Market Size & Forecast 8.4.5.1.1. By Value & Volume 8.4.5.2. Market Share & Forecast 8.4.5.2.1. By Propulsion 8.4.5.2.2. By Vehicle Type 8.4.5.2.3. By Battery Capacity 8
Table of Contents S. No. Contents Page No. 8.4.6. Belgium Electric 4 Wheel Drive Car Market Outlook 8.4.6.1. Market Size & Forecast 8.4.6.1.1. By Value & Volume 8.4.6.2. Market Share & Forecast 8.4.6.2.1. By Propulsion 8.4.6.2.2. By Vehicle Type 8.4.6.2.3. By Battery Capacity 8.4.7. Russia Electric 4 Wheel Drive Car Market Outlook 8.4.7.1. Market Size & Forecast 8.4.7.1.1. By Value & Volume 8.4.7.2. Market Share & Forecast 8.4.7.2.1. By Propulsion 8.4.7.2.2. By Vehicle Type 8.4.7.2.3. By Battery Capacity 9. North America Electric 4 Wheel Drive Car Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By Propulsion 9.2.2. By Vehicle Type 9.2.3. By Battery Capacity 9.2.4. By Country 9.3. Product Market Map (By Vehicle Type, By Country) 9.4. North America: Country Analysis 9
Table of Contents S. No. Contents Page No. 9.4.1. United States Electric 4 Wheel Drive Car Market Outlook 9.4.1.1. Market Size & Forecast 9.4.1.1.1. By Value & Volume 9.4.1.2. Market Share & Forecast 9.4.1.2.1. By Propulsion 9.4.1.2.2. By Vehicle Type 9.4.1.2.3. By Battery Capacity 9.4.2. Canada Electric 4 Wheel Drive Car Market Outlook 9.4.2.1. Market Size & Forecast 9.4.2.1.1. By Value & Volume 9.4.2.2. Market Share & Forecast 9.4.2.2.1. By Propulsion 9.4.2.2.2. By Vehicle Type 9.4.2.2.3. By Battery Capacity 9.4.3. Mexico Electric 4 Wheel Drive Car Market Outlook 9.4.3.1. Market Size & Forecast 9.4.3.1.1. By Value & Volume 9.4.3.2. Market Share & Forecast 9.4.3.2.1. By Propulsion 9.4.3.2.2. By Vehicle Type 9.4.3.2.3. By Battery Capacity 10
Table of Contents S. No. Contents Page No. 10. South America Electric 4 Wheel Drive Car Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By Propulsion 10.2.2. By Vehicle Type 10.2.3. By Battery Capacity 10.2.4. By Country 10.3. Product Market Map (By Vehicle Type, By Country) 10.4. South America: Country Analysis 10.4.1. Brazil Electric 4 Wheel Drive Car Market Outlook 10.4.1.1. Market Size & Forecast 10.4.1.1.1. By Value & Volume 10.4.1.2. Market Share & Forecast 10.4.1.2.1. By Propulsion 10.4.1.2.2. By Vehicle Type 10.4.1.2.3. By Battery Capacity 10.4.2. Argentina Electric 4 Wheel Drive Car Market Outlook 10.4.2.1. Market Size & Forecast 10.4.2.1.1. By Value & Volume 10.4.2.2. Market Share & Forecast 10.4.2.2.1. By Propulsion 10.4.2.2.2. By Vehicle Type 10.4.2.2.3. By Battery Capacity 11
Table of Contents S. No. Contents Page No. 10.4.3. Colombia Electric 4 Wheel Drive Car Market Outlook 10.4.3.1. Market Size & Forecast 10.4.3.1.1. By Value & Volume 10.4.3.2. Market Share & Forecast 10.4.3.2.1. By Propulsion 10.4.3.2.2. By Vehicle Type 10.4.3.2.3. By Battery Capacity 11. Middle East & Africa Electric 4 Wheel Drive Car Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value & Volume 11.2. Market Share & Forecast 11.2.1. By Propulsion 11.2.2. By Vehicle Type 11.2.3. By Battery Capacity 11.2.4. By Country 11.3. Product Market Map (By Vehicle Type, By Country) 11.4. Middle East & Africa: Country Analysis 11.4.1. South Africa Electric 4 Wheel Drive Car Market Outlook 11.4.1.1. Market Size & Forecast 11.4.1.1.1. By Value & Volume 11.4.1.2. Market Share & Forecast 11.4.1.2.1. By Propulsion 11.4.1.2.2. By Vehicle Type 11.4.1.2.3. By Battery Capacity 12
Table of Contents S. No. Contents Page No. 11.4.2. Saudi Arabia Electric 4 Wheel Drive Car Market Outlook 11.4.2.1. Market Size & Forecast 11.4.2.1.1. By Value & Volume 11.4.2.2. Market Share & Forecast 11.4.2.2.1. By Propulsion 11.4.2.2.2. By Vehicle Type 11.4.2.2.3. By Battery Capacity 11.4.3. UAE Electric 4 Wheel Drive Car Market Outlook 11.4.3.1. Market Size & Forecast 11.4.3.1.1. By Value & Volume 11.4.3.2. Market Share & Forecast 11.4.3.2.1. By Propulsion 11.4.3.2.2. By Vehicle Type 11.4.3.2.3. By Battery Capacity 11.4.4. Egypt Electric 4 Wheel Drive Car Market Outlook 11.4.4.1. Market Size & Forecast 11.4.4.1.1. By Value & Volume 11.4.4.2. Market Share & Forecast 11.4.4.2.1. By Propulsion 11.4.4.2.2. By Vehicle Type 11.4.4.2.3. By Battery Capacity 13
Table of Contents S. No. Contents Page No. 12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends & Developments 14. Competitive Landscape 14.1. Competition Outlook 14.2. Players Profiled (Partial List of Leading Companies) 14.2.1. Company Details 14.2.2. Products & Services 14.2.3. Financials (As Reported) 14.2.4. Key Market Focus & Geographical Presence 14.2.5. Recent Developments 14.2.6. Key Management Personnel 15. Strategic Recommendations 16. About Us & Disclaimer 14
RESEARCH METHODOLOGY
Research Methodology Market Formulating Developing List Data Data Data Profiling Questionnaire of Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical determine top players in interviews, TechSci specialists was industry experts and and secondary tools and internal the global electric 4-wheel formulated a detailed developed. industry players for research was proprietary database to drive car market, overall discussion guide. data collection and validated through obtain qualitative and market size and segmental verification. rigorous quantitative insights about market size. triangulation. the global electric 4-wheel drive car market. Primary Research Desk Research Company Analysis ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution Leaders Aspects/Dynamics ✓ Questionnaire Design ✓ Government Policies ✓ In-depth Interviews ✓ Conclusion Primary Research Secondary Paid Sources Research ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. 16
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global electric 4-wheel drive car market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing demand for luxury cars and developments in the 4-wheel drive car system and its growing penetration in electric vehicles are the major factors driving the growth of the global electric 4-wheel drive car market. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global electric 4-wheel drive car market. Methodology Followed forCalculation of Market Size: • MarketSize byValue & Volume: Market size, in terms of value & volume, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as electric 4-wheel drive car market companies,channelpartners, marketinfluencers & end users, industry experts, and other industry participants. • Theteaminterviewedmorethan15–20electric4-wheeldrivecarmarketcompanies,100–120endusers,and15–20industryexpertsand other value chain stakeholders in the global electric 4-wheel drive car market to obtain the overall market size from 2017 to 2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2017-2021. 17
Research Methodology • Respondents were asked about the current and future market growth rates, market shares by propulsion, by vehicle type, by battery capacity, by company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segmentswerefurthertriangulated from other stakeholders. Methodology Followed forCalculation of Market Shares: • Market by propulsion, by vehicle type, by battery capacity, by company and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of electric 4-wheel drive car markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed forForecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/TableauSoftware. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global electric 4-wheel drive car market, TechSci Research used various forecast techniques such as: ✓ Moving Average ✓ Time Series Analysis s ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 18
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources ▪ Volkswagen Group ▪ World Bank ▪ BMW AG ▪ TechSci Research Proprietary Database & Knowledge ▪ Hyundai Motor Company Repository ▪ Daimler AG ▪ Company Annual Reports ▪ Tesla INC ▪ Industry Magazines ▪ Toyota Motor Company ▪ Industry Reports ▪ News Dailies ▪ Credible Paid Databases 19
Industry Brief According to TechSci Research report, “Electric 4 Wheel Drive Car Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017- 2027”, the global electric 4 wheel drive car market is anticipated to grow at a rate steady CAGR for the forecast period, 2023-2027. The front and rear wheels of an electric 4 wheel drive car are powered by a motor, and these may or may not be powered by the same motor. Torque is divided among the four wheels of an electric vehicle by the two motors used for each axle. The rise in demand for better traction control and vehicle handling capacity is contributing to the market demand. Electric 4 wheel drive cars save energy during low load running by efficiently distributing the power between two or more motors, enhancing power, and lowering energy loss. The growing demand for increased vehicle mileage is expected to drive the demand of the global electric 4 wheel drive car market. The rise in the number of the launch of models of electric vehicle SUVs and the growing use of intelligent electric 4 wheel drive car systems is fueling the sales of electric vehicles. Electric vehicles have lower maintenance costs and produce no noise while traveling. They have lower running costs than conventional four-wheeler vehicles and conveniently charge them at home. The electric vehicle offers storage space and comfortable cabin space and is environment-friendly, which is one of the major reasons for its high sales across the globe. However, the increased cost of maintenance and the extra equipment adds complexity and weight to the vehicle, which may restrain the growth of the global electric 4 wheel drive car market in the forecast period. The global electric 4 wheel drive car market is segmented on the basis of propulsion, vehicle type, battery capacity, competitional landscape, and regional distribution. Based on the propulsion, the global electric 4 wheel drive car market is divided into BEV, HEV, and PHEV. BEV is short for battery electric vehicles, and these are powered entirely by electricity and do not use fuel tanks or exhaust pipes. The presence of large onboard battery charges one or more motors, and the users can charge the battery by using an external outlet. Hybrid electric vehicle (HEV) uses two types of power sources that a fuel- based engine and an electric motor with a larger battery. It also supports regenerative braking, which charges the engine every time the brake is applied. Plug-in hybrid electric vehicle (PHEV) consists of an electric motor charged by an electric plug and a fuel-based ICE. PHEV can travel longer distances by using electric power owing to the increased battery size and ability to recharge from the grid. Based on the vehicle type, the global electric 4 wheel drive car market is divided into hatchback, sedan, and SUV. The hatchback segment is expected to witness the fastest incremental growth in five years. Hatchbacks are smaller electric vehicles and can hold four to five passengers. They are more affordable than their counterparts which is one of the major reasons for their high demand worldwide. Based on the regional analysis, the Asia-pacific region is expected to hold the largest market share in the forecast period. Ongoing technological advancements and the booming automotive industry fuel the shift of vehicle operations from complex mechanical systems to electronically control systems. Shift to the adoption of the advanced system is accelerating the adoption of 4 wheel drive car systems, therefore significantly contributing to the marketgrowth. Major market players operating in the global electric 4 wheel drive car market are: Volkswagen Group, BMW AG, Hyundai Motor Company, Daimler AG,TeslaINC,ToyotaMotorCompany. “Increasing demand for fuel-efficient, high-performance vehicles fuels the demand for electric vehicles across the globe. Market players are investing heavily in upgrading the existing infrastructure and finding innovative technologies to enhance the consumer experience. The development of fast- charging stations to charge electric vehicles, reduce the cost of electric vehicle batteries, and the government's support is boosting the demand for electric vehicles. Change in preference of consumers to cover long distances via road trips and the growing consciousness of consumers about the benefits of traveling by electric vehicles are expected to propel the global electric 4 wheel drive car market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm. 20
Sample Data -Snapshot Global Electric 4 Wheel Drive Car Market Size, By Value (USD Million), By Volume (Thousand Units), 2017-2027F 14.00 15.00 12.00 13.00 110.00 10.00 11.00 90.00 100.00 8.00 9.00 70.00 80.00 6.00 7.00 50.00 60.00 5.00 30.00 40.00 10.00 20.00 2017 CAGR By Value & Volume 2021 2022E CAGR By Value & Volume 2027F XX% By Value (USD Million) YY% North America Electric 4 Wheel Drive Car Market Share, North America Electric 4 Wheel Drive Car Market Share, By By Propulsion, By Volume, 2017–2027F Vehicle Type, By Volume, 2017–2027F BEV HEV PHEV Hatchback Sedan SUV 2027F 33% 33% 34% 2027F 33% 33% 34% 2026F 33% 33% 34% 2026F 33% 33% 34% 2025F 33% 33% 34% 2025F 33% 33% 34% 2024F 33% 33% 34% 2024F 33% 33% 34% 2023F 33% 33% 34% 2023F 33% 33% 34% 2022E 33% 33% 34% 2022E 33% 33% 34% 2021 33% 33% 34% 2021 33% 33% 34% 2020 33% 33% 34% 2020 33% 33% 34% 2019 33% 33% 34% 2019 33% 33% 34% 2018 33% 33% 34% 2018 33% 33% 34% 2017 33% 33% 34% 2017 33% 33% 34% United States Electric 4 Wheel Drive Car Market Share, By Battery Capacity, By Volume, 2017–2027F Below 25 KWH 25KWH-40KWH Above 40KWH 2027F 33% 33% 34% 2026F 33% 33% 34% 2025F 33% 33% 34% 2024F 33% 33% 34% 2023F 33% 33% 34% 2022E 33% 33% 34% 2021 33% 33% 34% 2020 33% 33% 34% 2019 33% 33% 34% 2018 33% 33% 34% 2017 33% 33% 34% 21
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