Global EV Drive Module Supply, Demand and Key Producers, 2024-2030
Page: 133
Published Date: 10 Feb 2024
Category: Automobile & Transportation
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- Description
- Table of Contents
- Table of Figures
- Research Methodology
- Companies Mentioned
- Related Reports
- Product Tags
Description
The global EV Drive Module market size is expected to reach $ million by 2030, rising at a market growth of % CAGR during the forecast period (2024-2030).
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
This report studies the global EV Drive Module demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for EV Drive Module, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of EV Drive Module that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global EV Drive Module total market, 2019-2030, (USD Million)
Global EV Drive Module total market by region & country, CAGR, 2019-2030, (USD Million)
U.S. VS China: EV Drive Module total market, key domestic companies and share, (USD Million)
Global EV Drive Module revenue by player and market share 2019-2024, (USD Million)
Global EV Drive Module total market by Type, CAGR, 2019-2030, (USD Million)
Global EV Drive Module total market by Application, CAGR, 2019-2030, (USD Million).
This reports profiles major players in the global EV Drive Module market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Tesla, BYD, Nidec, Bosch, Valeo, XPT, Hyundai Mobis, Suzhou Inovance Automotive and Zhongshan Broad-Ocean, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World EV Drive Module market.
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2019-2030 by year with 2023 as the base year, 2024 as the estimate year, and 2025-2030 as the forecast year.
Global EV Drive Module Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global EV Drive Module Market, Segmentation by Type
50-100 kW
Below 50 kW
Above 100 KW
Global EV Drive Module Market, Segmentation by Application
BEV
PHEV
Companies Profiled:
Tesla
BYD
Nidec
Bosch
Valeo
XPT
Hyundai Mobis
Suzhou Inovance Automotive
Zhongshan Broad-Ocean
BorgWarner
Key Questions Answered
1. How big is the global EV Drive Module market?
2. What is the demand of the global EV Drive Module market?
3. What is the year over year growth of the global EV Drive Module market?
4. What is the total value of the global EV Drive Module market?
5. Who are the major players in the global EV Drive Module market?
Table of Contents
1 Supply Summary
1.1 EV Drive Module Introduction
1.2 World EV Drive Module Market Size & Forecast (2019 & 2023 & 2030)
1.3 World EV Drive Module Total Market by Region (by Headquarter Location)
1.3.1 World EV Drive Module Market Size by Region (2019-2030), (by Headquarter Location)
1.3.2 United States EV Drive Module Market Size (2019-2030)
1.3.3 China EV Drive Module Market Size (2019-2030)
1.3.4 Europe EV Drive Module Market Size (2019-2030)
1.3.5 Japan EV Drive Module Market Size (2019-2030)
1.3.6 South Korea EV Drive Module Market Size (2019-2030)
1.3.7 ASEAN EV Drive Module Market Size (2019-2030)
1.3.8 India EV Drive Module Market Size (2019-2030)
1.4 Market Drivers, Restraints and Trends
1.4.1 EV Drive Module Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 EV Drive Module Major Market Trends
2 Demand Summary
2.1 World EV Drive Module Consumption Value (2019-2030)
2.2 World EV Drive Module Consumption Value by Region
2.2.1 World EV Drive Module Consumption Value by Region (2019-2024)
2.2.2 World EV Drive Module Consumption Value Forecast by Region (2025-2030)
2.3 United States EV Drive Module Consumption Value (2019-2030)
2.4 China EV Drive Module Consumption Value (2019-2030)
2.5 Europe EV Drive Module Consumption Value (2019-2030)
2.6 Japan EV Drive Module Consumption Value (2019-2030)
2.7 South Korea EV Drive Module Consumption Value (2019-2030)
2.8 ASEAN EV Drive Module Consumption Value (2019-2030)
2.9 India EV Drive Module Consumption Value (2019-2030)
3 World EV Drive Module Companies Competitive Analysis
3.1 World EV Drive Module Revenue by Player (2019-2024)
3.2 Industry Rank and Concentration Rate (CR)
3.2.1 Global EV Drive Module Industry Rank of Major Players
3.2.2 Global Concentration Ratios (CR4) for EV Drive Module in 2023
3.2.3 Global Concentration Ratios (CR8) for EV Drive Module in 2023
3.3 EV Drive Module Company Evaluation Quadrant
3.4 EV Drive Module Market: Overall Company Footprint Analysis
3.4.1 EV Drive Module Market: Region Footprint
3.4.2 EV Drive Module Market: Company Product Type Footprint
3.4.3 EV Drive Module Market: Company Product Application Footprint
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
3.6 Mergers, Acquisitions Activity
4 United States VS China VS Rest of the World (by Headquarter Location)
4.1 United States VS China: EV Drive Module Revenue Comparison (by Headquarter Location)
4.1.1 United States VS China: EV Drive Module Market Size Comparison (2019 & 2023 & 2030) (by Headquarter Location)
4.1.2 United States VS China: EV Drive Module Revenue Market Share Comparison (2019 & 2023 & 2030)
4.2 United States Based Companies VS China Based Companies: EV Drive Module Consumption Value Comparison
4.2.1 United States VS China: EV Drive Module Consumption Value Comparison (2019 & 2023 & 2030)
4.2.2 United States VS China: EV Drive Module Consumption Value Market Share Comparison (2019 & 2023 & 2030)
4.3 United States Based EV Drive Module Companies and Market Share, 2019-2024
4.3.1 United States Based EV Drive Module Companies, Headquarters (States, Country)
4.3.2 United States Based Companies EV Drive Module Revenue, (2019-2024)
4.4 China Based Companies EV Drive Module Revenue and Market Share, 2019-2024
4.4.1 China Based EV Drive Module Companies, Company Headquarters (Province, Country)
4.4.2 China Based Companies EV Drive Module Revenue, (2019-2024)
4.5 Rest of World Based EV Drive Module Companies and Market Share, 2019-2024
4.5.1 Rest of World Based EV Drive Module Companies, Headquarters (States, Country)
4.5.2 Rest of World Based Companies EV Drive Module Revenue, (2019-2024)
5 Market Analysis by Type
5.1 World EV Drive Module Market Size Overview by Type: 2019 VS 2023 VS 2030
5.2 Segment Introduction by Type
5.2.1 50-100 kW
5.2.2 Below 50 kW
5.2.3 Above 100 KW
5.3 Market Segment by Type
5.3.1 World EV Drive Module Market Size by Type (2019-2024)
5.3.2 World EV Drive Module Market Size by Type (2025-2030)
5.3.3 World EV Drive Module Market Size Market Share by Type (2019-2030)
6 Market Analysis by Application
6.1 World EV Drive Module Market Size Overview by Application: 2019 VS 2023 VS 2030
6.2 Segment Introduction by Application
6.2.1 BEV
6.2.2 PHEV
6.3 Market Segment by Application
6.3.1 World EV Drive Module Market Size by Application (2019-2024)
6.3.2 World EV Drive Module Market Size by Application (2025-2030)
6.3.3 World EV Drive Module Market Size by Application (2019-2030)
7 Company Profiles
7.1 Tesla
7.1.1 Tesla Details
7.1.2 Tesla Major Business
7.1.3 Tesla EV Drive Module Product and Services
7.1.4 Tesla EV Drive Module Revenue, Gross Margin and Market Share (2019-2024)
7.1.5 Tesla Recent Developments/Updates
7.1.6 Tesla Competitive Strengths & Weaknesses
7.2 BYD
7.2.1 BYD Details
7.2.2 BYD Major Business
7.2.3 BYD EV Drive Module Product and Services
7.2.4 BYD EV Drive Module Revenue, Gross Margin and Market Share (2019-2024)
7.2.5 BYD Recent Developments/Updates
7.2.6 BYD Competitive Strengths & Weaknesses
7.3 Nidec
7.3.1 Nidec Details
7.3.2 Nidec Major Business
7.3.3 Nidec EV Drive Module Product and Services
7.3.4 Nidec EV Drive Module Revenue, Gross Margin and Market Share (2019-2024)
7.3.5 Nidec Recent Developments/Updates
7.3.6 Nidec Competitive Strengths & Weaknesses
7.4 Bosch
7.4.1 Bosch Details
7.4.2 Bosch Major Business
7.4.3 Bosch EV Drive Module Product and Services
7.4.4 Bosch EV Drive Module Revenue, Gross Margin and Market Share (2019-2024)
7.4.5 Bosch Recent Developments/Updates
7.4.6 Bosch Competitive Strengths & Weaknesses
7.5 Valeo
7.5.1 Valeo Details
7.5.2 Valeo Major Business
7.5.3 Valeo EV Drive Module Product and Services
7.5.4 Valeo EV Drive Module Revenue, Gross Margin and Market Share (2019-2024)
7.5.5 Valeo Recent Developments/Updates
7.5.6 Valeo Competitive Strengths & Weaknesses
7.6 XPT
7.6.1 XPT Details
7.6.2 XPT Major Business
7.6.3 XPT EV Drive Module Product and Services
7.6.4 XPT EV Drive Module Revenue, Gross Margin and Market Share (2019-2024)
7.6.5 XPT Recent Developments/Updates
7.6.6 XPT Competitive Strengths & Weaknesses
7.7 Hyundai Mobis
7.7.1 Hyundai Mobis Details
7.7.2 Hyundai Mobis Major Business
7.7.3 Hyundai Mobis EV Drive Module Product and Services
7.7.4 Hyundai Mobis EV Drive Module Revenue, Gross Margin and Market Share (2019-2024)
7.7.5 Hyundai Mobis Recent Developments/Updates
7.7.6 Hyundai Mobis Competitive Strengths & Weaknesses
7.8 Suzhou Inovance Automotive
7.8.1 Suzhou Inovance Automotive Details
7.8.2 Suzhou Inovance Automotive Major Business
7.8.3 Suzhou Inovance Automotive EV Drive Module Product and Services
7.8.4 Suzhou Inovance Automotive EV Drive Module Revenue, Gross Margin and Market Share (2019-2024)
7.8.5 Suzhou Inovance Automotive Recent Developments/Updates
7.8.6 Suzhou Inovance Automotive Competitive Strengths & Weaknesses
7.9 Zhongshan Broad-Ocean
7.9.1 Zhongshan Broad-Ocean Details
7.9.2 Zhongshan Broad-Ocean Major Business
7.9.3 Zhongshan Broad-Ocean EV Drive Module Product and Services
7.9.4 Zhongshan Broad-Ocean EV Drive Module Revenue, Gross Margin and Market Share (2019-2024)
7.9.5 Zhongshan Broad-Ocean Recent Developments/Updates
7.9.6 Zhongshan Broad-Ocean Competitive Strengths & Weaknesses
7.10 BorgWarner
7.10.1 BorgWarner Details
7.10.2 BorgWarner Major Business
7.10.3 BorgWarner EV Drive Module Product and Services
7.10.4 BorgWarner EV Drive Module Revenue, Gross Margin and Market Share (2019-2024)
7.10.5 BorgWarner Recent Developments/Updates
7.10.6 BorgWarner Competitive Strengths & Weaknesses
8 Industry Chain Analysis
8.1 EV Drive Module Industry Chain
8.2 EV Drive Module Upstream Analysis
8.3 EV Drive Module Midstream Analysis
8.4 EV Drive Module Downstream Analysis
9 Research Findings and Conclusion
10 Appendix
10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer
Table of Figures
List of Tables
Table 1. World EV Drive Module Revenue by Region (2019, 2023 and 2030) & (USD Million), (by Headquarter Location)
Table 2. World EV Drive Module Revenue by Region (2019-2024) & (USD Million), (by Headquarter Location)
Table 3. World EV Drive Module Revenue by Region (2025-2030) & (USD Million), (by Headquarter Location)
Table 4. World EV Drive Module Revenue Market Share by Region (2019-2024), (by Headquarter Location)
Table 5. World EV Drive Module Revenue Market Share by Region (2025-2030), (by Headquarter Location)
Table 6. Major Market Trends
Table 7. World EV Drive Module Consumption Value Growth Rate Forecast by Region (2019 & 2023 & 2030) & (USD Million)
Table 8. World EV Drive Module Consumption Value by Region (2019-2024) & (USD Million)
Table 9. World EV Drive Module Consumption Value Forecast by Region (2025-2030) & (USD Million)
Table 10. World EV Drive Module Revenue by Player (2019-2024) & (USD Million)
Table 11. Revenue Market Share of Key EV Drive Module Players in 2023
Table 12. World EV Drive Module Industry Rank of Major Player, Based on Revenue in 2023
Table 13. Global EV Drive Module Company Evaluation Quadrant
Table 14. Head Office of Key EV Drive Module Player
Table 15. EV Drive Module Market: Company Product Type Footprint
Table 16. EV Drive Module Market: Company Product Application Footprint
Table 17. EV Drive Module Mergers & Acquisitions Activity
Table 18. United States VS China EV Drive Module Market Size Comparison, (2019 & 2023 & 2030) & (USD Million)
Table 19. United States VS China EV Drive Module Consumption Value Comparison, (2019 & 2023 & 2030) & (USD Million)
Table 20. United States Based EV Drive Module Companies, Headquarters (States, Country)
Table 21. United States Based Companies EV Drive Module Revenue, (2019-2024) & (USD Million)
Table 22. United States Based Companies EV Drive Module Revenue Market Share (2019-2024)
Table 23. China Based EV Drive Module Companies, Headquarters (Province, Country)
Table 24. China Based Companies EV Drive Module Revenue, (2019-2024) & (USD Million)
Table 25. China Based Companies EV Drive Module Revenue Market Share (2019-2024)
Table 26. Rest of World Based EV Drive Module Companies, Headquarters (States, Country)
Table 27. Rest of World Based Companies EV Drive Module Revenue, (2019-2024) & (USD Million)
Table 28. Rest of World Based Companies EV Drive Module Revenue Market Share (2019-2024)
Table 29. World EV Drive Module Market Size by Type, (USD Million), 2019 & 2023 & 2030
Table 30. World EV Drive Module Market Size by Type (2019-2024) & (USD Million)
Table 31. World EV Drive Module Market Size by Type (2025-2030) & (USD Million)
Table 32. World EV Drive Module Market Size by Application, (USD Million), 2019 & 2023 & 2030
Table 33. World EV Drive Module Market Size by Application (2019-2024) & (USD Million)
Table 34. World EV Drive Module Market Size by Application (2025-2030) & (USD Million)
Table 35. Tesla Basic Information, Area Served and Competitors
Table 36. Tesla Major Business
Table 37. Tesla EV Drive Module Product and Services
Table 38. Tesla EV Drive Module Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 39. Tesla Recent Developments/Updates
Table 40. Tesla Competitive Strengths & Weaknesses
Table 41. BYD Basic Information, Area Served and Competitors
Table 42. BYD Major Business
Table 43. BYD EV Drive Module Product and Services
Table 44. BYD EV Drive Module Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 45. BYD Recent Developments/Updates
Table 46. BYD Competitive Strengths & Weaknesses
Table 47. Nidec Basic Information, Area Served and Competitors
Table 48. Nidec Major Business
Table 49. Nidec EV Drive Module Product and Services
Table 50. Nidec EV Drive Module Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 51. Nidec Recent Developments/Updates
Table 52. Nidec Competitive Strengths & Weaknesses
Table 53. Bosch Basic Information, Area Served and Competitors
Table 54. Bosch Major Business
Table 55. Bosch EV Drive Module Product and Services
Table 56. Bosch EV Drive Module Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 57. Bosch Recent Developments/Updates
Table 58. Bosch Competitive Strengths & Weaknesses
Table 59. Valeo Basic Information, Area Served and Competitors
Table 60. Valeo Major Business
Table 61. Valeo EV Drive Module Product and Services
Table 62. Valeo EV Drive Module Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 63. Valeo Recent Developments/Updates
Table 64. Valeo Competitive Strengths & Weaknesses
Table 65. XPT Basic Information, Area Served and Competitors
Table 66. XPT Major Business
Table 67. XPT EV Drive Module Product and Services
Table 68. XPT EV Drive Module Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 69. XPT Recent Developments/Updates
Table 70. XPT Competitive Strengths & Weaknesses
Table 71. Hyundai Mobis Basic Information, Area Served and Competitors
Table 72. Hyundai Mobis Major Business
Table 73. Hyundai Mobis EV Drive Module Product and Services
Table 74. Hyundai Mobis EV Drive Module Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 75. Hyundai Mobis Recent Developments/Updates
Table 76. Hyundai Mobis Competitive Strengths & Weaknesses
Table 77. Suzhou Inovance Automotive Basic Information, Area Served and Competitors
Table 78. Suzhou Inovance Automotive Major Business
Table 79. Suzhou Inovance Automotive EV Drive Module Product and Services
Table 80. Suzhou Inovance Automotive EV Drive Module Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 81. Suzhou Inovance Automotive Recent Developments/Updates
Table 82. Suzhou Inovance Automotive Competitive Strengths & Weaknesses
Table 83. Zhongshan Broad-Ocean Basic Information, Area Served and Competitors
Table 84. Zhongshan Broad-Ocean Major Business
Table 85. Zhongshan Broad-Ocean EV Drive Module Product and Services
Table 86. Zhongshan Broad-Ocean EV Drive Module Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 87. Zhongshan Broad-Ocean Recent Developments/Updates
Table 88. BorgWarner Basic Information, Area Served and Competitors
Table 89. BorgWarner Major Business
Table 90. BorgWarner EV Drive Module Product and Services
Table 91. BorgWarner EV Drive Module Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 92. Global Key Players of EV Drive Module Upstream (Raw Materials)
Table 93. EV Drive Module Typical Customers
List of Figure
Figure 1. EV Drive Module Picture
Figure 2. World EV Drive Module Total Market Size: 2019 & 2023 & 2030, (USD Million)
Figure 3. World EV Drive Module Total Market Size (2019-2030) & (USD Million)
Figure 4. World EV Drive Module Revenue Market Share by Region (2019, 2023 and 2030) & (USD Million) , (by Headquarter Location)
Figure 5. World EV Drive Module Revenue Market Share by Region (2019-2030), (by Headquarter Location)
Figure 6. United States Based Company EV Drive Module Revenue (2019-2030) & (USD Million)
Figure 7. China Based Company EV Drive Module Revenue (2019-2030) & (USD Million)
Figure 8. Europe Based Company EV Drive Module Revenue (2019-2030) & (USD Million)
Figure 9. Japan Based Company EV Drive Module Revenue (2019-2030) & (USD Million)
Figure 10. South Korea Based Company EV Drive Module Revenue (2019-2030) & (USD Million)
Figure 11. ASEAN Based Company EV Drive Module Revenue (2019-2030) & (USD Million)
Figure 12. India Based Company EV Drive Module Revenue (2019-2030) & (USD Million)
Figure 13. EV Drive Module Market Drivers
Figure 14. Factors Affecting Demand
Figure 15. World EV Drive Module Consumption Value (2019-2030) & (USD Million)
Figure 16. World EV Drive Module Consumption Value Market Share by Region (2019-2030)
Figure 17. United States EV Drive Module Consumption Value (2019-2030) & (USD Million)
Figure 18. China EV Drive Module Consumption Value (2019-2030) & (USD Million)
Figure 19. Europe EV Drive Module Consumption Value (2019-2030) & (USD Million)
Figure 20. Japan EV Drive Module Consumption Value (2019-2030) & (USD Million)
Figure 21. South Korea EV Drive Module Consumption Value (2019-2030) & (USD Million)
Figure 22. ASEAN EV Drive Module Consumption Value (2019-2030) & (USD Million)
Figure 23. India EV Drive Module Consumption Value (2019-2030) & (USD Million)
Figure 24. Producer Shipments of EV Drive Module by Player Revenue ($MM) and Market Share (%): 2023
Figure 25. Global Four-firm Concentration Ratios (CR4) for EV Drive Module Markets in 2023
Figure 26. Global Four-firm Concentration Ratios (CR8) for EV Drive Module Markets in 2023
Figure 27. United States VS China: EV Drive Module Revenue Market Share Comparison (2019 & 2023 & 2030)
Figure 28. United States VS China: EV Drive Module Consumption Value Market Share Comparison (2019 & 2023 & 2030)
Figure 29. World EV Drive Module Market Size by Type, (USD Million), 2019 & 2023 & 2030
Figure 30. World EV Drive Module Market Size Market Share by Type in 2023
Figure 31. 50-100 kW
Figure 32. Below 50 kW
Figure 33. Above 100 KW
Figure 34. World EV Drive Module Market Size Market Share by Type (2019-2030)
Figure 35. World EV Drive Module Market Size by Application, (USD Million), 2019 & 2023 & 2030
Figure 36. World EV Drive Module Market Size Market Share by Application in 2023
Figure 37. BEV
Figure 38. PHEV
Figure 39. EV Drive Module Industrial Chain
Figure 40. Methodology
Figure 41. Research Process and Data Source
Research Methodology
Client Requirements
Review and analyze client requirements
Discussion of all the project requirements and queries
Flexibility Check
Project Feasibility Analysis
Finalizing tentative research programme
Structuring project proposal with scope, timeline, and costs
Analyzing Market Dynamics
Determination of key drivers, restraints, challenge, and opportunity
Identifies market needs and trends
Market Size Estimation & Forecast
Estimation of historical data based on secondary and primary data
Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)
Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies
Consideration of geography, region-specific product/service demand for region segments
Consideration of product utilization rates, product demand outlook for segments by application or end-user.
Data Source
Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports,
paid database, press releases, blogs, newsletters,and GIR repositories.
Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts
to verify insights.
Validation
and
triangulation of
secondary and primary source.
Collection of data
Cumulating and collating the essential qualitative and quantitative data
Generation of report in client requested format by research analysts
Reviews by expert analysts
Final quality check
Clarifying queries
Receiving feedback
Ensuring satisfaction
01 Identification of data
This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic
This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data
This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data
This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis
This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.
Companies Mentioned
Tesla BYD Nidec Bosch Valeo XPT Hyundai Mobis Suzhou Inovance Automotive Zhongshan Broad-Ocean BorgWarner
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