Description
South America Electric Mobility Market Report Forecast till 2027
Market Overview
As per CRI analysis, the South America electric mobility market has been proliferating in the last couple of years and is expected to reach USD 1,134.0 million by 2027, at a CAGR of 8.2% during the forecast period, 2021–2027.
The South America electric mobility market has experienced a high growth potential over the past couple of years and is expected to grow at a robust rate of 8.2% during the forecast period. The electric mobility market in South America looks promising during the projected timeframe owing to the factors such as increasing fuel prices, government initiatives, and expansion of electric mobility manufacturers into new emerging markets.
However, this market growth is hampered by the high prices of electric vehicles, concerns over battery life, insufficient charging infrastructure network, and underdeveloped aftermarket services. Moreover, emerging economies such as Brazil present more opportunities for electric mobility due to a rise in awareness of zero-emission vehicles.
Market Segmentation
The South America electric mobility market has been segmented based on type, battery type, voltage, and country. B
ased on type, the South America electric mobility market is segmented into electric scooters, electric bicycles, electric tricycles, electric skateboards, and electric motorcycles.
Based on battery type, the South America electric mobility market is segmented into lead acid, Li-ion, and others. By voltage, the market is segmented into 24V, 36V, 48V, and more than 48V.
By country, the electric mobility market is categorized into Brazil, Argentina, Chile, Colombia, Peru, Uruguay, Ecuador, Paraguay, Venezuela, and the rest of South America.
Regional Market
The South American market is predicted to grow at an exponential rate for electric mobility. The regional market comprises Brazil, Argentina, Chile, Colombia, Peru, Uruguay, Ecuador, Paraguay, Venezuela, and the rest of South America.
Some of the factors responsible for the market’s growth are government initiatives encouraging electric vehicle adoption, lesser carbon footprint, cleaner emission, and low maintenance than conventional fuel engine vehicles. Furthermore, cost-effectiveness due to the reduced wear and tear of parts due to highly durable materials used in the designing process will contribute to growth.
The South America electric mobility market reported revenue generation of USD 679.5 million in 2020 and is expected to reach a market value of USD 1,134.0 million by 2027 growing at a CAGR of 8.2%.
Brazil accounted for 39.1% of the market share in the electric mobility market in South America in 2020, owing to the increasing fuel prices, government initiatives, and expansion of electric and mobility manufacturers into new emerging regional markets. The expansion of the manufacturing sector and the advancement of infrastructure in developing countries have opened new opportunities for automotive manufacturers.
Major Players
The key market players of the South America Electric Mobility Market include Yadea Technology Group Co., Ltd., Gemopai, China Zhongneng Vehicle Group Co., Ltd., EV Rider LLC, Scott Sports SA, Giant Bicycles, Zero Motorcycles, Inc., Vmoto Limited, Trek Bicycle Corporation, and Kona.
Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 LIST OF ASSUMPTIONS
2.4 MARKET STRUCTURE
2.5 SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY TYPE
2.6 SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY BATTERY TYPE
2.7 SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY VOLTAGE
2.8 KEY BUYING CRITERIA
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 ADOPTION OF LOW OR ZERO-EMISSION VEHICLES DUE TO AIR POLLUTION CONCERNS
4.2.2 GROWING ADOPTION OF MOBILITY-AS-A-SERVICE (MAAS)
4.3 RESTRAINT
4.3.1 LACK OF CHARGING INFRASTRUCTURE
4.4 OPPORTUNITY
4.4.1 GROWING DEMAND FOR ALTERNATIVE-FUEL VEHICLES
4.5 IMPACT OF COVID-19
4.5.1 IMPACT ON THE AUTOMOTIVE INDUSTRY
4.5.2 IMPACT ON THE SUPPLY CHAIN
4.5.3 IMPACT ON THE MANUFACTURING INDUSTRY
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 DESIGN & DEVELOPMENT
5.1.2 RAW MATERIAL/COMPONENT SUPPLY
5.1.3 ASSEMBLY
5.1.4 DISTRIBUTION/SUPPLY
5.1.5 END USE
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
6 SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY TYPE
6.1 OVERVIEW
6.2 ELECTRIC MOTORCYCLES
6.3 ELECTRIC BICYCLE
6.4 ELECTRIC SCOOTERS
6.5 ELECTRIC TRICYCLE
6.6 ELECTRIC SKATEBOARD
7 SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY BATTERY TYPE
7.1 OVERVIEW
7.2 LEAD ACID
7.3 LI-ION
7.4 OTHERS
8 SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY VOLTAGE
8.1 OVERVIEW
8.2 24V
8.3 36V
8.4 48V
8.5 MORE THAN 48V
9 SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY COUNTRY
9.1 OVERVIEW
9.1.1 BRAZIL
9.1.2 ARGENTINA
9.1.3 CHILE
9.1.4 COLOMBIA
9.1.5 PERU
9.1.6 URUGUAY
9.1.7 ECUADOR
9.1.8 VENEZUELA
9.1.9 PARAGUAY
9.1.10 REST OF SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
10.1 VENDOR SHARE ANALYSIS
10.2 COMPETITIVE BENCHMARKING
10.3 KEY STRATEGY ANALYSIS
10.4 LEADING PLAYERS (IN TERMS OF THE NUMBER OF DEVELOPMENTS): SOUTH AMERICA ELECTRIC MOBILITY MARKET
10.5 RECENT DEVELOPMENTS
10.5.1 PARTNERSHIPS/AGREEMENTS/CONTRACTS/COLLABORATIONS/JOINT VENTURES
10.5.2 PRODUCT LAUNCHES/ENHANCEMENTS
10.5.3 BUSINESS EXPANSIONS
10.6 ELECTRIC MOBILITY MANUFACTURERS IN SOUTH AMERICA
10.7 KEY LEAD ACID BATTERY EQUIPPED ELECTRIC MOBILITY MODELS
11 COMPANY PROFILES
11.1 YADEA TECHNOLOGY GROUP CO., LTD
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGIES
11.2 VMOTO LIMITED
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGIES
11.3 GEMOPAI
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS OFFERED
11.3.4 KEY DEVELOPMENTS
11.3.5 SWOT ANALYSIS
11.3.6 KEY STRATEGIES
11.4 ZERO MOTORCYCLES, INC.
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGIES
11.5 CHINA ZHONGNENG VEHICLE GROUP
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS/SERVICES OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS
11.5.6 KEY STRATEGIES
11.6 TREK BICYCLE CORPORATION
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS/SERVICES OFFERED
11.6.4 KEY DEVELOPMENTS
11.7 GIANT BICYCLES
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS/SERVICES OFFERED
11.7.4 KEY DEVELOPMENTS (2015–2019)
11.8 KONA BIKES
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIES
11.9 EV RIDER LLC
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIES
11.10 SCOTT SPORTS SA
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIES
12 SOUTH AMERICA ELECTRIC MOBILITY MARKET, CRISS CROSS ANALYSIS
12.1 CRISS CROSS ANALYSIS: ELECTRIC MOBILITY TYPE BY BATTERY TYPE
12.1.1 ELECTRIC SCOOTER: SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY BATTERY TYPE, 2017–2027 (USD MILLION)
12.1.2 ELECTRIC BICYCLE: SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY BATTERY TYPE, 2017–2027 (USD MILLION)
12.1.3 ELECTRIC TRICYCLE: SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY BATTERY TYPE, 2017–2027 (USD MILLION)
12.1.4 ELECTRIC SKATEBOARD: SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY BATTERY TYPE, 2017–2027 (USD MILLION)
12.1.5 ELECTRIC MOTORCYCLE: SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY BATTERY TYPE, 2017–2027 (USD MILLION)
12.2 CRISS CROSS ANALYSIS: ELECTRIC MOBILITY TYPE BY VOLTAGE
12.2.1 LEAD ACID: SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY VOLTAGE, 2017–2027 (USD MILLION)
12.2.2 LI-ION: SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY VOLTAGE, 2017–2027 (USD MILLION)
12.2.3 OTHERS: SOUTH AMERICA ELECTRIC MOBILITY MARKET, BY VOLTAGE, 2017–2027 (USD MILLION)
12.3 KEY LITHIUM-ION BATTERY EQUIPPED ELECTRIC MOBILITY MODELS
Companies Mentioned
Yadea Technology Group Co., Ltd., Gemopai, China Zhongneng Vehicle Group Co., Ltd., EV Rider LLC, Scott Sports SA, Giant Bicycles, Zero Motorcycles, Inc., Vmoto Limited, Trek Bicycle Corporation, and Kona
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