Analysts’ Viewpoint on Automotive Retrofit Electric Vehicle Powertrain Market Scenario
Companies in the automotive retrofit electric vehicle powertrain market are focusing on high-growth applications such as passenger vehicle and inclusive kits to keep their businesses growing post the COVID-19 pandemic. As such, the market is estimated to grow owing to numerous factors, including rising fuel prices that have propelled the demand for electric vehicles. However, not all automotive buyers can invest new electric vehicles due to their high purchasing prices. Automotive retrofit electric vehicle powertrain is an integrated electric powertrain, which is generally retrofitted to an old or classic vehicle in order to convert that vehicle into an electric vehicle to reduce its emissions. This way, conventional vehicle owners can complete their transition to electric mobility to lower their operating costs as well as cut down the emissions. Thus, all the companies should increase their R&D efforts in developing new types of automotive retrofit electric vehicle powertrains that help in smooth transition of conventional vehicles to electric vehicles in a cost-effective way.
Rising implementation of strict emission norms, increasing fuel prices, and growing demand for cost effective solutions to switch to electric mobility are prominent factors driving the automotive retrofit electric vehicle powertrain market. Moreover, government incentives provided to electric vehicles to lower air pollution levels and announcements to ban the sales of new IC engine vehicles and usage of IC engine vehicles which are more than 15 years old in many countries of Europe and Asia Pacific are also driving the global market.
Electric retrofitting of a vehicle involves replacing the fossil fuel-powered engine, and the connected components such as axles by electric motors, batteries, and a slew of microelectronics including controllers and converters. Retrofitted vehicles are also provided with chargers to charge the vehicles at home as well as public grids.
Electric vehicle retrofitting is seen as a cost effective way and opportunity for a significant number of vehicle owners, who otherwise cannot afford to buy new electric vehicles, to own electric vehicles. Retrofitting is also now being increasingly considered as a way to extend an old vehicle’s life and usability, beyond the end of its lifecycle.
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The global inclusive kit market is estimated to reach a valuation of US$ 23.7 Bn by end of 2022, attributed to the high demand from automobile owners who are keen to retrofit their existing conventional vehicles to electric vehicles instead of buying new electric vehicles to save on costs. Inclusive kit is a highly versatile product, since it contains all the essential components for retrofitting such as electric battery, charger, controllers, axles, and converters in one single kit.
Inclusive kits help save time, money, and efforts of vehicle owners that is needed in individually finding each and every component required for converting a vehicle into an electric vehicle. Furthermore, they are witnessing a high demand from the developed markets such as North America and Europe for retrofitting the classic vehicles from 70s, 80s, and 90s. All these factors are propelling their demand for their application as preferred type of automotive retrofit electric vehicle powertrains in the retrofitting of conventional vehicles.
In most cases, especially in developing countries, vehicle owners are increasingly looking to adopt electric mobility; however, prohibitive initial purchasing prices of electric vehicles even after factoring in the government subsidies prevents them from buying new electric vehicles. Thus, the sales of electric vehicle retrofit powertrains in markets such as Asia Pacific are continuously rising. Inclusive kits are widely used even in retrofitting of small cars. This is also proving to be a major factor in the rising demand for inclusive kits.
Inclusive kits are also used widely in retrofitting commercial vehicles. Hence, increasing retrofitting of commercial vehicles is also contributing to the growing demand for inclusive kits.
In addition, the growing demand for electrification of vehicles in developed as well as developing countries is a key factor boosting the demand and production for inclusive kits and therefore the automotive retrofit electric vehicle powertrain market.
Various government incentives are provided for the adoption of electric vehicles, worldwide. Some of these include free parking in central business areas of major cities, waving of road taxes and registration fees, free road usage by charging no road tolls and preferential road pricing, and direct subsidies and cashbacks provided during purchasing of electric vehicles. Many owners want to avail these benefits by switching to electric vehicles. Retrofitting is a very cost effective way for them to switch to electric mobility and enjoy these benefits. This is also boosting the global automotive retrofit electric vehicle powertrain market.
Consistent rise in fuel prices, which have significantly increased the operating costs of IC engine vehicles is propelling the automotive retrofit electric vehicle powertrain market. Furthermore, introduction of new retrofitting services such as converting the conventional vehicles to hybrid vehicles by retaining their IC engines to reduce the impact of factors including range anxiety in the minds of automobile buyers is expected to automotive retrofit electric vehicle powertrain industry.
In terms of electric vehicle type, the global automotive retrofit electric vehicle powertrain market has been segmented into all electric vehicle, plug-in hybrid vehicle, and hybrid vehicle. The all electric vehicle segment of the automotive retrofit electric vehicle powertrain market held a major share of 39.63% in 2021, and will maintain the status quo with a growth rate of more than 7% during the forecast period. The preference for all electric vehicles in automotive retrofit electric vehicle powertrain is mainly due to the inclination of vehicle buyers to opt for full electric conversions to reduce their operating costs, significantly. They also are eligible for incentives on electric vehicles. This has resulted into all electric vehicle being the dominant segment by electric vehicle type in automotive retrofit electric vehicle powertrain market.
Automotive retrofit electric vehicle powertrain market has been classified into two wheeler, passenger vehicle, and commercial vehicle, in terms of vehicle type. The commercial vehicle category dominated the global automotive retrofit electric vehicle powertrain market in 2021 with a market share of 47%. Furthermore, this segment is expected to register an impressive CAGR of 7.06% during the forecast period. Prices of new electric commercial vehicles are very high and fuel costs make up the largest share of the operating costs of fleet owners. Thus, there is a rising trend to retrofit old fleets with electric vehicle powertrains to control their ever increasing operating costs. This leads to commercial vehicle category being the largest one by vehicle type segment. Passenger vehicle was the fastest growing segment with a CAGR of 7.31% due to the growing trend of electrification of automobiles.
Asia Pacific held the largest volume share of 65.55% of the global automotive retrofit electric vehicle powertrain market in 2021. Growth was mainly attributed to key presence of developed countries that are home to advanced research and development as well as manufacturing facilities for automotive retrofit manufactures such as China, Japan, India, and South Korea. The region is home to global headquarters of major automotive retrofit electric powertrain manufacturers including Hitachi Astemo Ltd., Mitsubishi Electric Corporation, and Mando Corporation. Many new startups such as Altigreen, BharatMobi, Folks Motor, and Loop Moto are entering this market in countries including India.
China dominates the automotive retrofit electric vehicle powertrain market in Asia Pacific. India and China contributed 10.61% and 26.41% shares, respectively, to the overall Asia Pacific market. China accounts for almost one-third of the total automotive retrofit electric vehicle powertrain market in the Asia Pacific. The country is a key automotive hub across the globe.
In addition, government incentives on electric vehicles, announcements of baseline years to stop the sales of new IC engine vehicles, rising fuel prices, high taxation on automotive fuels, and growing environmental consciousness in Japan, South Korea, and China primarily propel the market in the region. The market is also driven by increasing conversion of old vehicles to electric vehicles in countries such as China, Japan, India, and South Korea, which is also estimated to boost the automotive retrofit electric vehicle powertrain market in Asia Pacific during the forecast period.
North America and Europe are also large markets for automotive retrofit electric vehicle powertrains, and held value shares of 10.69% and 17.19%, respectively, of the global market in 2021. These markets are primarily driven by retrofitting of old classic vehicles. Electric motors and chargers were the most demanded type of components for automotive retrofit electric vehicle powertrains in these regions.
The South America region is a larger market for automotive retrofit electric vehicle powertrains compared to the Middle East & Africa region; this market in South America is likely to grow at a faster rate compared to the Middle East & Africa region.
The global automotive retrofit electric vehicle powertrain market is fragmented with a number of startups as well as large vendors controlling the majority of the market share. Key firms are spending significant sums of money on comprehensive research and development, primarily to develop products such as inclusive kits. Expansion of product portfolios, joint ventures, and mergers and acquisitions are the key strategies adopted by the market players.
ALTIGREEN, BHARAT MOBI, Continental AG, Delphi Technologies, ETrio, EV Europe, Folks Motor, Hitachi Astemo Ltd., Johnson Electric Holdings Ltd, Loop Moto, Magna International Inc., Mando Corporation, Mitsubishi Electric, Rexnamo Electro Pvt Ltd., Robert Bosch GmbH, Transition One, VerdeMobility and XL Fleet are the prominent entities operating in this market.
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Attribute |
Detail |
Market Size Value in 2021 (Base Year) |
US$ 58.89 Bn |
Market Forecast Value in 2031 |
US$ 117.9 Bn |
Growth Rate (CAGR) |
7.19% |
Forecast Period |
2022-2031 |
Quantitative Units |
US$ Bn for Value and Million Units for Volume |
Market Analysis |
It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porters Five Forces analysis, Value chain analysis, industry trend analysis, etc. |
Competition Landscape |
|
Format |
Electronic (PDF) + Excel |
Market Segmentation |
|
Regions Covered |
|
Countries Covered |
|
Companies Profiled |
|
Customization Scope |
Available upon Request |
Pricing |
Available upon Request |
The automotive retrofit electric vehicle powertrain market was valued at US$ 58.59 Bn
The automotive retrofit electric vehicle powertrain market is expected to grow with a CAGR of 7.1%, by 2031
The automotive retrofit electric vehicle powertrain market will be worth US$ 117.9 Bn in 2031
The prominent players operating in the automotive retrofit electric vehicle powertrain market are ALTIGREEN, BHARAT MOBI, Continental AG, Delphi Technologies, ETrio, EV Europe, Folks Motor, Hitachi Astemo Ltd., Johnson Electric Holdings Ltd, Loop Moto, Magna International Inc., Mando Corporation, Mitsubishi Electric, Rexnamo Electro Pvt Ltd., Robert Bosch GmbH, Transition One, VerdeMobility and XL Fleet
The automotive retrofit electric vehicle powertrain market in the U.S. is significantly big due to retrofitting of old classic vehicles with electric powertrains
The inclusive kit segment in automotive retrofit electric vehicle powertrain market holds a significant market share
Rising adoption of inclusive kits for the convenience of retrofitting old vehicles and retrofitting commercial vehicles with electric powertrains are some of the prominent trends in the automotive retrofit electric vehicle powertrain market
Asia Pacific is the most lucrative region in the automotive retrofit electric vehicle powertrain market with the highest market share
1. Preface
1.1. About TMR
1.2. Market Coverage / Taxonomy
1.3. Assumptions and Research Methodology
2. Executive Summary
2.1. Global Market Outlook
2.1.1. Market Size, Units, US$ Mn, 2017-2031
2.2. Demand & Supply Side Trends
2.3. TMR Analysis and Recommendations
2.4. Competitive Dashboard Analysis
3. Market Overview
3.1. Market Definition / Scope / Limitations
3.2. Macro-Economic Factors
3.3. Forecast Factors - Relevance & Impact
3.3.1. Global Automotive Retrofit Electric Vehicle Powertrain Market Growth
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunity
3.5. Market Factor Analysis
3.5.1. Porter’s Five Force Analysis
3.5.2. SWOT Analysis
3.6. Regulatory Scenario
4. Key Trend Analysis
5. Industry Ecosystem Analysis
5.1. Value Chain Analysis (Global & India)
5.1.1. Raw Material Supplier
5.1.2. Component Manufacturer
5.1.3. System Suppliers
5.1.4. Tier 1 Players
5.1.5. Tier Players/ Technology Providers
5.1.6. OEMs/ End-users
5.2. Vendor Matrix
6. Pricing Analysis
6.1. Regional Automotive Retrofit Electric Vehicle Powertrain Sales Pricing (US$), 2017-2031
6.2. Component Pricing and Trend
6.3. Battery Prices
6.4. Regional Cost Advantages
6.5. Cost Structure Analysis
6.6. Profit Margin Analysis
7. COVID-19 Impact Analysis – Automotive Retrofit Electric Vehicle Powertrain Market
8. Impact Factors
8.1. Emergence of new electric vehicle technologies
8.2. On-going regulatory transformations
9. Global Automotive Retrofit Electric Vehicle Powertrain Market, by Vehicle Type
9.1. Market Snapshot
9.1.1. Introduction, Definition, and Key Findings
9.1.2. Market Growth & Y-o-Y Projections
9.1.3. Base Point Share Analysis
9.2. Global Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Vehicle Type
9.2.1. Two-Wheelers
9.2.2. Passenger Vehicle
9.2.2.1. Hatchback
9.2.2.2. Sedan
9.2.2.3. Utility Vehicles
9.2.3. Commercial vehicle
9.2.3.1. Light Commercial Vehicle
9.2.3.2. Heavy Commercial Vehicle
10. Global Automotive Retrofit Electric Vehicle Powertrain Market, by Component
10.1. Market Snapshot
10.1.1. Introduction, Definition, and Key Findings
10.1.2. Market Growth & Y-o-Y Projections
10.1.3. Base Point Share Analysis
10.2. Global Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Component
10.2.1. Inclusive Kit
10.2.2. Electric Motor
10.2.3. Battery
10.2.4. Controller
10.2.5. Charger
10.2.6. Others (Axle, Converter, etc.)
11. Global Automotive Retrofit Electric Vehicle Powertrain Market, by Electric Vehicle Type
11.1. Market Snapshot
11.1.1. Introduction, Definition, and Key Findings
11.1.2. Market Growth & Y-o-Y Projections
11.1.3. Base Point Share Analysis
11.2. Global Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Electric Vehicle Type
11.2.1. All Electric Vehicle
11.2.2. Plug-in Hybrid Vehicle
11.2.3. Hybrid Electric Vehicle
12. Global Automotive Retrofit Electric Vehicle Powertrain Market, by Region
12.1. Market Snapshot
12.1.1. Introduction, Definition, and Key Findings
12.1.2. Market Growth & Y-o-Y Projections
12.1.3. Base Point Share Analysis
12.2. Global Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Region
12.2.1. North America
12.2.2. Europe
12.2.3. Asia Pacific
12.2.4. Middle East & Africa
12.2.5. South America
13. North America Automotive Retrofit Electric Vehicle Powertrain Market
13.1. Market Snapshot
13.2. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Vehicle Type
13.2.1. Two-Wheelers
13.2.2. Passenger Vehicle
13.2.2.1. Hatchback
13.2.2.2. Sedan
13.2.2.3. Utility Vehicles
13.2.3. Commercial vehicle
13.2.3.1. Light Commercial Vehicle
13.2.3.2. Heavy Commercial Vehicle
13.3. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Component
13.3.1. Inclusive Kit
13.3.2. Electric Motor
13.3.3. Battery
13.3.4. Controller
13.3.5. Charger
13.3.6. Others (Axle, Converter, etc.)
13.4. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Electric Vehicle Type
13.4.1. All Electric Vehicle
13.4.2. Plug-in Hybrid Vehicle
13.4.3. Hybrid Electric Vehicle
13.5. Key Country Analysis – North America Automotive Retrofit Electric Vehicle Powertrain Market Size (Units), Revenue (US$ Mn) Analysis & Forecast, 2017-2031
13.5.1. The U. S.
13.5.2. Canada
13.5.3. Mexico
14. Europe Automotive Retrofit Electric Vehicle Powertrain Market
14.1. Market Snapshot
14.2. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Vehicle Type
14.2.1. Two-Wheelers
14.2.2. Passenger Vehicle
14.2.2.1. Hatchback
14.2.2.2. Sedan
14.2.2.3. Utility Vehicles
14.2.3. Commercial vehicle
14.2.3.1. Light Commercial Vehicle
14.2.3.2. Heavy Commercial Vehicle
14.3. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Component
14.3.1. Inclusive Kit
14.3.2. Electric Motor
14.3.3. Battery
14.3.4. Controller
14.3.5. Charger
14.3.6. Others (Axle, Converter, etc.)
14.4. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Electric Vehicle Type
14.4.1. All Electric Vehicle
14.4.2. Plug-in Hybrid Vehicle
14.4.3. Hybrid Electric Vehicle
14.5. Key Country Analysis – Europe Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031
14.5.1. Germany
14.5.2. U. K.
14.5.3. France
14.5.4. Italy
14.5.5. Spain
14.5.6. Nordic Countries
14.5.7. Russia & CIS
14.5.8. Rest of Europe
15. Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market
15.1. Market Snapshot
15.2. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Vehicle Type
15.2.1. Two-Wheelers
15.2.2. Passenger Vehicle
15.2.2.1. Hatchback
15.2.2.2. Sedan
15.2.2.3. Utility Vehicles
15.2.3. Commercial vehicle
15.2.3.1. Light Commercial Vehicle
15.2.3.2. Heavy Commercial Vehicle
15.3. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Component
15.3.1. Inclusive Kit
15.3.2. Electric Motor
15.3.3. Battery
15.3.4. Controller
15.3.5. Charger
15.3.6. Others (Axle, Converter, etc.)
15.4. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Electric Vehicle Type
15.4.1. All Electric Vehicle
15.4.2. Plug-in Hybrid Vehicle
15.4.3. Hybrid Electric Vehicle
15.5. Key Country Analysis – Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031
15.5.1. China
15.5.2. India
15.5.3. Japan
15.5.4. ASEAN Countries
15.5.5. South Korea
15.5.6. ANZ
15.5.7. Rest of Asia Pacific
16. Middle East & Africa Automotive Retrofit Electric Vehicle Powertrain Market
16.1. Market Snapshot
16.2. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Vehicle Type
16.2.1. Two-Wheelers
16.2.2. Passenger Vehicle
16.2.2.1. Hatchback
16.2.2.2. Sedan
16.2.2.3. Utility Vehicles
16.2.3. Commercial vehicle
16.2.3.1. Light Commercial Vehicle
16.2.3.2. Heavy Commercial Vehicle
16.3. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Component
16.3.1. Inclusive Kit
16.3.2. Electric Motor
16.3.3. Battery
16.3.4. Controller
16.3.5. Charger
16.3.6. Others (Axle, Converter, etc.)
16.4. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Electric Vehicle Type
16.4.1. All Electric Vehicle
16.4.2. Plug-in Hybrid Vehicle
16.4.3. Hybrid Electric Vehicle
16.5. Key Country Analysis – Middle East & Africa Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031
16.5.1. GCC
16.5.2. South Africa
16.5.3. Turkey
16.5.4. Rest of Middle East & Africa
17. South America Automotive Retrofit Electric Vehicle Powertrain Market
17.1. Market Snapshot
17.2. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Vehicle Type
17.2.1. Two-Wheelers
17.2.2. Passenger Vehicle
17.2.2.1. Hatchback
17.2.2.2. Sedan
17.2.2.3. Utility Vehicles
17.2.3. Commercial vehicle
17.2.3.1. Light Commercial Vehicle
17.2.3.2. Heavy Commercial Vehicle
17.3. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Component
17.3.1. Inclusive Kit
17.3.2. Electric Motor
17.3.3. Battery
17.3.4. Controller
17.3.5. Charger
17.3.6. Others (Axle, Converter, etc.)
17.4. Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031, By Electric Vehicle Type
17.4.1. All Electric Vehicle
17.4.2. Plug-in Hybrid Vehicle
17.4.3. Hybrid Electric Vehicle
17.5. Key Country Analysis – South America Automotive Retrofit Electric Vehicle Powertrain Market Size (Units) & Revenue (US$ Mn) Analysis & Forecast, 2017-2031
17.5.1. Brazil
17.5.2. Argentina
17.5.3. Rest of South America
18. Competitive Landscape
18.1. Company Share Analysis/ Brand Share Analysis, 2020
18.2. Key Strategy Analysis
18.2.1. Strategic Overview - Expansion, M&A, Partnership
18.2.2. Product & Marketing Strategy
18.3. Company Analysis for each player (Company Overview, Company Footprints, Production Locations, Product Portfolio, Competitors & Customers, Subsidiaries & Parent Organization, Recent Developments, Financial Analysis, Profitability, Revenue Share, Executive Bios)
19. Company Profile/ Key Players – Automotive Retrofit Electric Vehicle Powertrain Market
19.1. ALTIGREEN
19.1.1. Company Overview
19.1.2. Company Footprints
19.1.3. Production Locations
19.1.4. Product Portfolio
19.1.5. Competitors & Customers
19.1.6. Subsidiaries & Parent Organization
19.1.7. Recent Developments
19.1.8. Financial Analysis
19.1.9. Profitability
19.1.10. Revenue Share
19.1.11. Executive Bios
19.2. BHARAT MOBI
19.2.1. Company Overview
19.2.2. Company Footprints
19.2.3. Production Locations
19.2.4. Product Portfolio
19.2.5. Competitors & Customers
19.2.6. Subsidiaries & Parent Organization
19.2.7. Recent Developments
19.2.8. Financial Analysis
19.2.9. Profitability
19.2.10. Revenue Share
19.2.11. Executive Bios
19.3. Continental AG
19.3.1. Company Overview
19.3.2. Company Footprints
19.3.3. Production Locations
19.3.4. Product Portfolio
19.3.5. Competitors & Customers
19.3.6. Subsidiaries & Parent Organization
19.3.7. Recent Developments
19.3.8. Financial Analysis
19.3.9. Profitability
19.3.10. Revenue Share
19.3.11. Executive Bios
19.4. Delphi Technologies
19.4.1. Company Overview
19.4.2. Company Footprints
19.4.3. Production Locations
19.4.4. Product Portfolio
19.4.5. Competitors & Customers
19.4.6. Subsidiaries & Parent Organization
19.4.7. Recent Developments
19.4.8. Financial Analysis
19.4.9. Profitability
19.4.10. Revenue Share
19.4.11. Executive Bios
19.5. ETrio
19.5.1. Company Overview
19.5.2. Company Footprints
19.5.3. Production Locations
19.5.4. Product Portfolio
19.5.5. Competitors & Customers
19.5.6. Subsidiaries & Parent Organization
19.5.7. Recent Developments
19.5.8. Financial Analysis
19.5.9. Profitability
19.5.10. Revenue Share
19.5.11. Executive Bios
19.6. EV Europe
19.6.1. Company Overview
19.6.2. Company Footprints
19.6.3. Production Locations
19.6.4. Product Portfolio
19.6.5. Competitors & Customers
19.6.6. Subsidiaries & Parent Organization
19.6.7. Recent Developments
19.6.8. Financial Analysis
19.6.9. Profitability
19.6.10. Revenue Share
19.6.11. Executive Bios
19.7. Folks Motor
19.7.1. Company Overview
19.7.2. Company Footprints
19.7.3. Production Locations
19.7.4. Product Portfolio
19.7.5. Competitors & Customers
19.7.6. Subsidiaries & Parent Organization
19.7.7. Recent Developments
19.7.8. Financial Analysis
19.7.9. Profitability
19.7.10. Revenue Share
19.7.11. Executive Bios
19.8. Hitachi Astemo Ltd.
19.8.1. Company Overview
19.8.2. Company Footprints
19.8.3. Production Locations
19.8.4. Product Portfolio
19.8.5. Competitors & Customers
19.8.6. Subsidiaries & Parent Organization
19.8.7. Recent Developments
19.8.8. Financial Analysis
19.8.9. Profitability
19.8.10. Revenue Share
19.8.11. Executive Bios
19.9. Johnson Electric Holdings Ltd
19.9.1. Company Overview
19.9.2. Company Footprints
19.9.3. Production Locations
19.9.4. Product Portfolio
19.9.5. Competitors & Customers
19.9.6. Subsidiaries & Parent Organization
19.9.7. Recent Developments
19.9.8. Financial Analysis
19.9.9. Profitability
19.9.10. Revenue Share
19.9.11. Executive Bios
19.10. Loop Moto
19.10.1. Company Overview
19.10.2. Company Footprints
19.10.3. Production Locations
19.10.4. Product Portfolio
19.10.5. Competitors & Customers
19.10.6. Subsidiaries & Parent Organization
19.10.7. Recent Developments
19.10.8. Financial Analysis
19.10.9. Profitability
19.10.10. Revenue Share
19.10.11. Executive Bios
19.11. Magna International Inc.
19.11.1. Company Overview
19.11.2. Company Footprints
19.11.3. Production Locations
19.11.4. Product Portfolio
19.11.5. Competitors & Customers
19.11.6. Subsidiaries & Parent Organization
19.11.7. Recent Developments
19.11.8. Financial Analysis
19.11.9. Profitability
19.11.10. Revenue Share
19.11.11. Executive Bios
19.12. Mando Corporation
19.12.1. Company Overview
19.12.2. Company Footprints
19.12.3. Production Locations
19.12.4. Product Portfolio
19.12.5. Competitors & Customers
19.12.6. Subsidiaries & Parent Organization
19.12.7. Recent Developments
19.12.8. Financial Analysis
19.12.9. Profitability
19.12.10. Revenue Share
19.12.11. Executive Bios
19.13. Mitsubishi Electric
19.13.1. Company Overview
19.13.2. Company Footprints
19.13.3. Production Locations
19.13.4. Product Portfolio
19.13.5. Competitors & Customers
19.13.6. Subsidiaries & Parent Organization
19.13.7. Recent Developments
19.13.8. Financial Analysis
19.13.9. Profitability
19.13.10. Revenue Share
19.13.11. Executive Bios
19.14. Rexnamo Electro Pvt Ltd.
19.14.1. Company Overview
19.14.2. Company Footprints
19.14.3. Production Locations
19.14.4. Product Portfolio
19.14.5. Competitors & Customers
19.14.6. Subsidiaries & Parent Organization
19.14.7. Recent Developments
19.14.8. Financial Analysis
19.14.9. Profitability
19.14.10. Revenue Share
19.14.11. Executive Bios
19.15. Robert Bosch GmbH
19.15.1. Company Overview
19.15.2. Company Footprints
19.15.3. Production Locations
19.15.4. Product Portfolio
19.15.5. Competitors & Customers
19.15.6. Subsidiaries & Parent Organization
19.15.7. Recent Developments
19.15.8. Financial Analysis
19.15.9. Profitability
19.15.10. Revenue Share
19.15.11. Executive Bios
19.16. Transition One
19.16.1. Company Overview
19.16.2. Company Footprints
19.16.3. Production Locations
19.16.4. Product Portfolio
19.16.5. Competitors & Customers
19.16.6. Subsidiaries & Parent Organization
19.16.7. Recent Developments
19.16.8. Financial Analysis
19.16.9. Profitability
19.16.10. Revenue Share
19.16.11. Executive Bios
19.17. VerdeMobility
19.17.1. Company Overview
19.17.2. Company Footprints
19.17.3. Production Locations
19.17.4. Product Portfolio
19.17.5. Competitors & Customers
19.17.6. Subsidiaries & Parent Organization
19.17.7. Recent Developments
19.17.8. Financial Analysis
19.17.9. Profitability
19.17.10. Revenue Share
19.17.11. Executive Bios
19.18. XL Fleet
19.18.1. Company Overview
19.18.2. Company Footprints
19.18.3. Production Locations
19.18.4. Product Portfolio
19.18.5. Competitors & Customers
19.18.6. Subsidiaries & Parent Organization
19.18.7. Recent Developments
19.18.8. Financial Analysis
19.18.9. Profitability
19.18.10. Revenue Share
19.18.11. Executive Bios
List of Tables
Table 1: Global Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Type, 2017-2031
Table 2: Global Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Type, 2017‒2031
Table 3: Global Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Table 4: Global Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017‒2031
Table 5: Global Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 6: Global Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
Table 7: Global Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Region, 2017-2031
Table 8: Global Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Region, 2017‒2031
Table 9: North America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Type, 2017-2031
Table 10: North America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Type, 2017‒2031
Table 11: North America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Table 12: North America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017‒2031
Table 13: North America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 14: North America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
Table 15: North America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Country, 2017-2031
Table 16: North America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031
Table 17: Europe Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Type, 2017-2031
Table 18: Europe Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Type, 2017‒2031
Table 19: Europe Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Table 20: Europe Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017‒2031
Table 21: Europe Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 22: Europe Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
Table 23: Europe Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Country, 2017-2031
Table 24: Europe Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031
Table 25: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Type, 2017-2031
Table 26: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Type, 2017‒2031
Table 27: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Table 28: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017‒2031
Table 29: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 30: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
Table 31: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Country, 2017-2031
Table 32: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031
Table 33: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Type, 2017-2031
Table 34: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Type, 2017‒2031
Table 35: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Table 36: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017‒2031
Table 37: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 38: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
Table 39: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Country, 2017-2031
Table 40: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031
Table 41: South America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Type, 2017-2031
Table 42: South America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Type, 2017‒2031
Table 43: South America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Table 44: South America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017‒2031
Table 45: South America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 46: South America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
Table 47: South America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Country, 2017-2031
Table 48: South America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Country, 2017‒2031
List of Figures
Figure 1: Global Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 2: Global Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 3: Global Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 4: Global Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Figure 5: Global Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017-2031
Figure 6: Global Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Electric Vehicle Type, Value (US$ Bn), 2022-2031
Figure 7: Global Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 8: Global Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 9: Global Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 10: Global Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Region, 2017-2031
Figure 11: Global Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Region, 2017-2031
Figure 12: Global Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Region, Value (US$ Bn), 2022-2031
Figure 13: North America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 14: North America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 15: North America Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 16: North America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Figure 17: North America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017-2031
Figure 18: North America Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Electric Vehicle Type, Value (US$ Bn), 2022-2031
Figure 19: North America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 20: North America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 21: North America Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 22: North America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 23: North America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Country, 2017-2031
Figure 24: North America Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
Figure 25: Europe Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 26: Europe Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 27: Europe Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 28: Europe Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Figure 29: Europe Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017-2031
Figure 30: Europe Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Electric Vehicle Type, Value (US$ Bn), 2022-2031
Figure 31: Europe Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 32: Europe Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 33: Europe Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 34: Europe Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 35: Europe Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Country, 2017-2031
Figure 36: Europe Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
Figure 37: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 38: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 39: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 40: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Figure 41: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017-2031
Figure 42: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Electric Vehicle Type, Value (US$ Bn), 2022-2031
Figure 43: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 44: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 45: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 46: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 47: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Country, 2017-2031
Figure 48: Asia Pacific Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
Figure 49: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 50: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 51: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 52: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Figure 53: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017-2031
Figure 54: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Electric Vehicle Type, Value (US$ Bn), 2022-2031
Figure 55: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 56: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 57: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 58: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 59: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Country, 2017-2031
Figure 60: Middle East and Africa Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
Figure 61: South America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 62: South America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 63: South America Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 64: South America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Electric Vehicle Type, 2017-2031
Figure 65: South America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Electric Vehicle Type, 2017-2031
Figure 66: South America Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Electric Vehicle Type, Value (US$ Bn), 2022-2031
Figure 67: South America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 68: South America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 69: South America Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 70: South America Automotive Retrofit Electric Vehicle Powertrain Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 71: South America Automotive Retrofit Electric Vehicle Powertrain Market Value (US$ Bn) Forecast, by Country, 2017-2031
Figure 72: South America Automotive Retrofit Electric Vehicle Powertrain Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031