Global Green Vehicle Technology Market Overview:
Green vehicle also known as eco-friendly vehicle, that emits less harmful gases and are comparatively beneficial for the environment than conventional vehicles that runs on alternative fuels. Government is taking initiatives to increase purchase and use of such green vehicles for sustainable environment as this vehicles does not use or rely on dwindling natural resources. This vehicles runs on renewable or regenerated energy rather than fossil fuels that have a finite life expectancy. Environmentally friendly vehicle use less toxic fuels such as ethanol, bio-diesel and natural gas. Stringent regulations on the emission of hazardous gases and growing awareness regarding increasing global warming, leads to inclination of audience towards this vehicles. Some of the players profiled in the study are Tesla Inc. (United States), BYD Company Limited (China), Volkswagen AG (Germany), Nissan Motor Corporation (Japan), Mitsubishi Motors Corporation (Japan), Bayerische Motoren Werke Aktiengesellchaft (Germany), Daimler AG (Germany), Energica Motor Company S.p.A. (Italy), Ford Motor Company (United States), General Motor Company (United States) and Toyota Motor Corporation (Japan).
On the basis of geography, the market of Green Vehicle Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle, the sub-segment i.e. Two wheeler will boost the Green Vehicle Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Available financial incentives on purchase of eco-friendly vehicle
- Encouraging laws, rules and policies over the globe
- Favorable tax credits provided by the government
- Future Health benefits associated with the use of green vehicle
- High cost of technology used
- Reluctant nature towards changing old and habitual vehicles
- Extra Maintenance is required
- Due to limited availability, Fuel prices will be at peak level in upcoming years
- Increasing awareness regarding depletion of natural resources
- Ban on regular vehicles due to increasing global warming
- Strict regulatory guidelines associated with Green Vehicle Technology
"European emission standards like Euro6 and zero-emissions vehicle standards such as ZEV, ULEV, SULEV and PZEV of California as well as low-carbon fuel standards enacted in several countries, are functioning to reduce hazardous emissions to save the environment."
Target Audience:Manufacturer, Sub-component manufactures, Channel partners, Distributors/Traders/Wholesalers, Industry Association, Downstream Vendors, Governments and investment communities and Research organizations and associations
Major Objectives Focused through this Study To define, describe, and forecast the Global Green Vehicle Technology market on the basis of product [Electric and fuel cell-powered, Hybrid electric powered, Compressed air powered, Electric Motor and Pedal Powered and Other] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Green Vehicle Technology market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Green Vehicle Technology industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Green Vehicle Technology market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.