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The automotive 48V system market has the potential to grow by 17.39 million units during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 52.94%.
This automotive 48V system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (mild HEVs, low-powered BEVs, and others) and geography (APAC, Europe, North America, South America, and MEA). The automotive 48V system market report also offers information on several market vendors, including AVL List GmbH, BorgWarner Inc., Continental AG, HELLA GmbH & Co. KGaA, Hitachi Ltd., Magna International Inc., Mitsubishi Electric Corp., Robert Bosch GmbH, Schaeffler AG, and Valeo SA among others.
Browse TOC and LoE with selected illustrations and example pages of Automotive 48V System Market
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The automotive battery manufacturers developing 48V battery system is notably driving the automotive 48V system market growth, although factors such as higher total cost of ownership associated with hybrid technology may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the automotive 48V system industry get your FREE report sample now.
This automotive 48V system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The automotive 48V system market is fragmented and the vendors are deploying growth strategies such as working on improving their capabilities continuously to develop and manufacture to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the automotive 48V system market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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44% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the automotive 48V system in APAC. Market growth in these regions will be slower than the growth of the market in other regions.
Growing demand for EVs in countries such as China, Japan, South Korea, countries in Southeast Asia, and India will facilitate the automotive 48V system market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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Mild HEVs made their advent in the market in 2014. Their presence has grown since given their affordability and response to new fuel-emission reduction policies put forth by the US and countries in Europe and APAC. The energy efficiency of mild HEVs is higher compared to non-hybrid vehicles as they replace the starter-alternator system with a single device, which helps in lowering fuel consumption. Hence, the demand for mild hybrids is growing strongly across the world. Prominent OEMs have launched 48V mild hybrids in the market and are expected to increase their 48V mild hybrid portfolio significantly during the forecast period with demand expected to outpace all other segments of EVs. As a result of these factors, the market segment is expected to record significant growth during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive 48V system market size.
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Automotive 48V System Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 53% |
Market growth 2021-2025 |
17.39 mn units |
Market structure |
Fragmented |
YoY growth (%) |
56.36 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 44% |
Key consumer countries |
China, Japan, US, Norway, and South Korea (Republic of Korea) |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AVL List GmbH, BorgWarner Inc., Continental AG, HELLA GmbH & Co. KGaA, Hitachi Ltd., Magna International Inc., Mitsubishi Electric Corp., Robert Bosch GmbH, Schaeffler AG, and Valeo SA |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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