Electric Vehicle Range Extender Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186554
  • Format: Electronic (PDF)
  • Number of Pages: 176
  • Author(s): Joshi, Madhavi

Report Overview

The Electric Vehicle Range Extender Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 6.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 20.00% during the forecast period (2024-2030).

Electric Vehicle Range Extender Market

(Market Size)
$1.8 billion
$6.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 20.00%
2023 Market Size USD 1.8 billion
2030 Market Size USD 6.5 billion
Key Players AVL, FEV, Magna, BorgWarner, Rheinmetall

Market Summary

The Electric Vehicle Range Extender Market is a critical segment within the broader electric vehicle industry, focusing on technologies designed to augment the driving range of battery electric vehicles. These systems address one of the primary consumer concerns: range anxiety. A range extender is essentially an auxiliary power unit, typically a small internal combustion engine, that generates electricity to recharge the vehicle's battery pack while driving, thereby extending the distance the vehicle can travel before requiring a plug-in recharge. The market is characterized by ongoing technological innovation aimed at improving the efficiency, reducing the size, and lowering the emissions of these units. Key industry players are continuously investing in research and development to create more compact and fuel-flexible solutions, including options that can run on biofuels or hydrogen. The adoption of these systems is particularly relevant for plug-in hybrid electric vehicles (PHEVs) and is being explored for battery electric vehicles (BEVs) to offer consumers a safety net for longer journeys. The market's evolution is closely tied to the overall growth of the electric vehicle market, infrastructure development for charging, and regulatory policies promoting low-emission vehicles.

Key Highlights

The Electric Vehicle Range Extender Market is distinguished by several pivotal developments. A significant highlight is the advancement beyond traditional internal combustion engine-based generators. Innovations now include fuel cell range extenders, which use hydrogen to produce electricity with only water vapor as a byproduct, offering a pathway to true zero-emission extended-range driving. Another key trend is the integration of these systems into vehicle design from the outset, making them more efficient and less intrusive on passenger and cargo space. Companies like MAHLE GmbH have developed extremely compact range extender units specifically for this purpose. Furthermore, there is a growing focus on making range extenders compatible with alternative fuels to enhance their environmental credentials. The market is also witnessing strategic partnerships between automotive OEMs and specialized technology providers to accelerate development and deployment. For instance, collaborations aim to standardize components and reduce costs, making the technology accessible for a wider range of vehicle segments, from compact cars to commercial vehicles.

Drivers, Opportunities & Restraints

The growth of the Electric Vehicle Range Extender Market is propelled by several key drivers. The most prominent is the persistent consumer apprehension regarding the limited driving range of pure battery electric vehicles, known as range anxiety. Range extenders offer a practical solution to this widespread concern, thereby encouraging faster adoption of electric mobility. Stringent global emission regulations set by governments worldwide are also forcing automakers to invest in electrification technologies, with range extenders presenting a viable transitional technology. Additionally, the insufficient density of public charging infrastructure in many regions makes range extenders an attractive option for consumers hesitant to fully rely on battery power. The market presents substantial opportunities, particularly in the development and commercialization of advanced range extenders using renewable fuels or hydrogen fuel cells, which align with long-term sustainability goals. There is also significant potential in the light commercial vehicle and delivery van segments, where operational range is a critical business requirement. However, the market faces notable restraints. The primary challenge is the added cost, weight, and complexity that a range extender introduces to a vehicle, which can impact its overall efficiency and final price. Furthermore, as battery technology rapidly improves, offering longer ranges and faster charging times, the value proposition of range extenders may diminish for certain consumer segments.

Concentration Insights

The competitive landscape of the Electric Vehicle Range Extender Market features a mix of established automotive giants and specialized technology firms. The market concentration is moderately high, with a few key players holding significant technological expertise and established partnerships with major automakers. Leading companies such as BMW AG, with its i3 REx model, and MAHLE GmbH have been pioneers, driving early adoption and technological standards. Other notable entities include AVL List GmbH, FEV Group, and Volvo Car Corporation, each contributing through intensive R&D and proprietary solutions. The market also sees participation from companies like Nissan Motor Co., Ltd. and General Motors Company, who integrate range-extending concepts into their hybrid and electric vehicle portfolios. The concentration is further characterized by strategic collaborations and joint ventures, where OEMs partner with specialized engineering firms to co-develop systems, thereby pooling resources and mitigating development risks. This ecosystem ensures a continuous flow of innovation but also creates high barriers to entry for new players due to the substantial capital investment and technical expertise required.

Type Insights

The Electric Vehicle Range Extender Market is segmented based on the type of technology used to generate auxiliary power. The most prevalent type is the internal combustion engine (ICE) range extender. This conventional system uses a small, often purpose-built, gasoline or diesel engine that acts solely as a generator to produce electricity for the battery. Its popularity stems from well-understood technology and a relatively lower cost compared to newer alternatives. A growing and highly promising segment is the fuel cell range extender. This technology utilizes a hydrogen fuel cell stack to generate electricity through an electrochemical reaction, offering the significant advantages of zero harmful emissions, high efficiency, and quiet operation. While currently more expensive and dependent on hydrogen infrastructure, it represents the future of clean range extension. Other types being explored include micro-turbine range extenders, known for their compact size and ability to run on various fuels, and rotary engine-based systems, valued for their small footprint and smooth operation. The choice of technology depends on a balance between cost, efficiency, emissions, packaging constraints, and the strategic direction of the automaker.

Application Insights

The application of electric vehicle range extenders spans across various vehicle types, each with distinct requirements. The primary application is in passenger cars, particularly in plug-in hybrid electric vehicles (PHEVs) and extended-range electric vehicles (EREVs). These vehicles use the range extender to provide a security blanket for drivers, enabling longer trips without anxiety and making them a practical choice for households that may not have consistent access to charging or frequently undertake long journeys. Another significant and growing application is in the commercial vehicle segment. This includes light commercial vehicles, delivery vans, and buses. For commercial operators, vehicle uptime and range are directly tied to profitability. A range extender ensures that these electric vehicles can complete their daily routes without being sidelined for lengthy charging sessions, thus supporting the electrification of last-mile delivery and public transportation networks. There is also emerging interest in applying this technology to other sectors, such as specialty vehicles and even marine applications, where extending the operational range of battery-powered systems is highly valuable.

Regional Insights

The adoption and development of electric vehicle range extenders exhibit distinct regional patterns influenced by local policies, infrastructure, and consumer preferences. Europe represents a leading market, driven by the European Union's aggressive CO2 emission targets for automakers and strong government incentives for low and zero-emission vehicles. The presence of major automotive OEMs and suppliers in Germany and France, who are actively developing and integrating these systems, further solidifies Europe's position. The Asia-Pacific region, particularly China, is another powerhouse due to its status as the world's largest electric vehicle market. Chinese government policies strongly promote New Energy Vehicles (NEVs), which include plug-in hybrids that often utilize range extenders. The need to alleviate range anxiety in a country with vast distances is a key driver. North America shows a more mixed adoption; while there is significant investment in electric vehicles, the focus has been more on pure battery electrics and conventional hybrids. However, certain applications, especially in the commercial vehicle sector, are gaining traction. Other regions like Latin America and the Middle East & Africa are in nascent stages, with growth expected to follow the broader expansion of EV infrastructure and adoption.

Company Insights

The Electric Vehicle Range Extender Market is shaped by the strategies and innovations of key players. BMW AG is a historic leader, having successfully commercialized the range extender in its BMW i3, setting an early benchmark for the industry. MAHLE GmbH is a major force as a tier-one supplier, renowned for its compact, efficient, and modular range extender units designed for integration into various vehicle platforms. AVL List GmbH and FEV Group are prominent engineering specialists that offer development services and complete range extender systems to automakers worldwide, providing crucial technical expertise. Established automakers like General Motors Company, with its history in the Chevrolet Volt, and Volvo Car Corporation, which incorporates range extenders in its plug-in hybrid models, play significant roles in advancing the technology through vehicle integration. Nissan Motor Co., Ltd. has also explored the technology with its e-POWER system, which uses a gasoline engine to exclusively charge the battery for the electric motor. The competitive dynamics are defined by continuous R&D to enhance efficiency, reduce size and cost, and explore new fuel options like hydrogen.

Recent Developments

The Electric Vehicle Range Extender Market is dynamic, with recent developments focusing on enhancing technology and forming strategic alliances. A prominent trend is the increased investment and progress in hydrogen fuel cell range extenders. Companies are developing more compact and cost-effective fuel cell systems specifically for this application, aiming to offer longer ranges with rapid refueling and zero emissions. Another significant development is the creation of ultra-compact engine designs. Suppliers are engineering range extender engines that are significantly smaller and lighter, minimizing their impact on vehicle space and weight, thus preserving interior room and driving efficiency. The market has also seen a surge in partnerships between automotive OEMs and specialized technology firms. These collaborations are aimed at co-developing next-generation range extender systems to accelerate time-to-market and share the substantial development costs. Furthermore, there is a growing emphasis on making these systems compatible with sustainable fuels such as synthetic fuels (e-fuels) or biofuels, enhancing their lifecycle environmental performance and aligning with circular economy principles.

Report Segmentation

This comprehensive market research report on the Electric Vehicle Range Extender Market provides a detailed analysis structured through meticulous segmentation. The report is segmented by type, categorizing the market into internal combustion engine range extenders, fuel cell range extenders, and other emerging technologies such as micro-turbines. This segmentation allows for a clear understanding of the technological landscape, adoption rates, and growth potential of each type. Furthermore, the report is segmented by application, providing dedicated analysis for key sectors including passenger cars and commercial vehicles. The passenger car segment is often broken down further into sub-segments like sedans, SUVs, and hatchbacks to offer granular insights. The commercial vehicle application analysis covers light commercial vehicles and buses. Geographically, the report offers a regional segmentation covering North America, Europe, Asia-Pacific, and the Rest of the World, with further country-level analysis for major markets such as the United States, Germany, China, and Japan. This multi-dimensional segmentation provides stakeholders with targeted insights into specific technology trends, application demands, and regional dynamics that are crucial for strategic planning and investment decisions.

FAQs

What is an electric vehicle range extender?

An electric vehicle range extender is an auxiliary power unit designed to generate electricity and recharge the batteries of an electric vehicle while it is being driven. It is not the primary source of propulsion but acts as a onboard generator to significantly increase the vehicle's driving range beyond what the main battery pack can provide alone.

How does an electric vehicle range extender work?

An electric vehicle range extender works by using a small engine, typically an internal combustion engine or a fuel cell, to produce electricity. This engine drives a generator, which in turn supplies electrical power to the vehicle's battery pack or directly to the electric motor. This process occurs automatically when the battery's charge falls below a certain level, seamlessly extending the driving distance.

What are the different types of range extenders?

The primary types of range extenders are internal combustion engine (ICE) based systems and fuel cell systems. ICE range extenders use gasoline or diesel, while fuel cell range extenders use hydrogen to generate electricity. Other less common types include micro-turbine and rotary engine-based extenders.

What are the benefits of using a range extender?

The key benefits include the elimination of range anxiety for drivers, as it provides a safety net for longer trips. It allows for a smaller, less expensive main battery pack while still offering a long total range. It also facilitates the transition to electric mobility in regions where charging infrastructure is still under development.

Which companies are leading in range extender technology?

Leading companies include automotive manufacturers like BMW AG and Volvo Car Corporation, as well as specialized suppliers and engineering firms such as MAHLE GmbH, AVL List GmbH, and FEV Group. These companies are at the forefront of developing efficient and compact range extender solutions.

Are range extenders only for passenger cars?

No, while passenger cars are a primary application, range extenders are also highly valuable for commercial vehicles. Light commercial vehicles, delivery vans, and buses benefit greatly from this technology as it ensures they can complete their daily operational routes without interruption for charging, thus maintaining productivity.

Citius Research has developed a research report titled “Electric Vehicle Range Extender Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Electric Vehicle Range Extender Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Electric Vehicle Range Extender Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Electric Vehicle Range Extender Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Electric Vehicle Range Extender Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Electric Vehicle Range Extender Market
• Research Methodology
• Executive Summary
• Market Dynamics of Electric Vehicle Range Extender Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Electric Vehicle Range Extender Market
• Cost and Gross Margin Analysis of Electric Vehicle Range Extender Market
• Electric Vehicle Range Extender Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Electric Vehicle Range Extender Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Electric Vehicle Range Extender Market Key Stakeholders

Below are the key stakeholders for the Electric Vehicle Range Extender Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Electric Vehicle Range Extender Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Electric Vehicle Range Extender Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Electric Vehicle Range Extender Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Electric Vehicle Range Extender Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Electric Vehicle Range Extender Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Electric Vehicle Range Extender Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Electric Vehicle Range Extender Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Electric Vehicle Range Extender Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Electric Vehicle Range Extender Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Electric Vehicle Range Extender Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Electric Vehicle Range Extender Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Electric Vehicle Range Extender Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Electric Vehicle Range Extender Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Electric Vehicle Range Extender Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Electric Vehicle Range Extender Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Electric Vehicle Range Extender Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Electric Vehicle Range Extender Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports