Japan New Energy Vehicle Parts Market was valued at USD 5 Billion in 2022 and is projected to reach USD 12 Billion by 2030, growing at a CAGR of 13% from 2024 to 2030.
The New Energy Vehicle (Nev) Parts Market Has Seen Exponential Growth As The Global Shift Towards Sustainability And Clean Energy Accelerates. Nevs, Which Include Electric Vehicles (Evs) And Hybrid Vehicles, Have Been At The Forefront Of This Revolution. The Parts That Make These Vehicles Operational Are Increasingly In Demand, As The Automotive Industry Embraces New Technologies To Reduce Emissions And Improve Energy Efficiency.
According To Industry Reports, The Nev Parts Market Is Projected To Grow Significantly In The Coming Years. One Of The Main Factors Driving This Surge Is The Rising Demand For Evs, Fueled By Government Regulations And Incentives Worldwide. In 2023 Alone, The Global Sales Of Electric Vehicles Exceeded 10 Million Units, Reflecting A 30% Increase From The Previous Year. This Surge In Ev Adoption Directly Impacts The Parts Market, Particularly In Areas Like Batteries, Electric Drivetrains, And Charging Infrastructure.
Key Components In The Nev Parts Market Include Batteries, Electric Motors, Power Electronics, And Thermal Management Systems. These Components Are Crucial For Enhancing The Performance, Range, And Longevity Of Nevs. Battery Manufacturers, In Particular, Are Experiencing A Boom, With The Global Battery Market Expected To Reach $90 Billion By 2027. This Growth Is Largely Driven By The Need For High-Capacity, Fast-Charging, And Long-Lasting Batteries To Power Electric Vehicles Efficiently.
The Market Dynamics Also Include A Shift Towards Innovative Solutions Such As Wireless Charging Technology, Advanced Powertrains, And Ai-Powered Software Systems For Vehicle Management. As These Technologies Mature, They Will Continue To Shape The Nev Parts Market, Offering More Sustainable, Efficient, And Affordable Solutions For The Growing Number Of Electric Vehicle Owners.
With More Players Entering The Market, Competition Is Heating Up. Companies Specializing In Battery Production, Electric Drivetrain Systems, And Other Critical Parts Are Focusing On Cost Reduction While Improving Quality And Performance. These Improvements In The Supply Chain And Manufacturing Processes Contribute To The Decreasing Overall Cost Of Nevs, Which Further Boosts Consumer Adoption.
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New Energy Vehicle Parts Market
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Get an In-Depth Research Analysis of the Global New Energy Vehicle Parts Market Size And Forecast [2025-2032]
Bosch
ZF Group
IKD Company
Zhejiang Shuanghuan Driveline
Jiangsu Pacific Precision Forging
BYD
SAIC
Infineon
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global New Energy Vehicle Parts Market
Commercial Vehicle
Passenger Car
Based on Types the Market is categorized into Below types that held the largest New Energy Vehicle Parts market share In 2023.
Engine
Transmission System
Steering System
Braking System
Driving System
Body Accessories
Electronic Appliances
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global New Energy Vehicle Parts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global New Energy Vehicle Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global New Energy Vehicle Parts Market, By Type
6. Global New Energy Vehicle Parts Market, By Application
7. Global New Energy Vehicle Parts Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global New Energy Vehicle Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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