e-SUVs Market: Size, Share, Forecasts, and Trends Analysis

1. e-SUVs Market to be Worth $914.2 Billion by 2031

2. Global e-SUVs Market – 2024-2031 Meticulous Research®, a prominent name in global market research, has released a report titled, "e-SUVs Market by Propulsion (Battery Electric SUV, Hybrid SUV), Size (Compact SUV, Mid-Size SUV, Full-Size SUV), Power Output (Less Than 150 KW, 150 KW to 250 KW, More than 250 KW), and Geography - Global Forecast to 2031." Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5958 According to this latest report, the global e-SUVs market is expected to grow to $914.2 billion by 2031, showcasing a compound annual growth rate (CAGR) of 16.2% between 2024 and 2031. The primary drivers of this growth include the global trend toward smaller, more compact e-SUVs, government policies promoting eco-friendly vehicles, and stringent emission regulations. Furthermore, increased investment by major automakers in the e-SUV sector will fuel market expansion. However, the high cost of e-SUVs and the underdeveloped charging infrastructure in emerging markets are likely to restrict growth. The report segments the e-SUV market based on propulsion, size, and power output, offering an in-depth analysis of competitors and market trends at the regional and country levels. By propulsion, the market is divided into battery-electric SUVs and hybrid SUVs. The battery- electric SUV segment is anticipated to dominate in 2024, with over 64% of the total market share. This is largely due to rising regulatory standards on automotive emissions, growing demand for fuel-efficient vehicles, and the worldwide push toward sustainable transportation solutions. The increasing development of charging infrastructure further strengthens this segment’s position. The hybrid SUV segment, however, is predicted to grow at the fastest rate during the forecast period. This growth is driven by increasing investment from automakers in hybrid vehicle technologies, better fuel efficiency, lower operational costs, and reduced emissions. When segmented by size, mid-size SUVs are expected to capture the largest market share in 2024, with over 42% of the total market. These vehicles strike a balance between compact and full-size SUVs, offering better fuel economy and greater ease of handling, making them ideal for city environments. Meanwhile, compact SUVs are forecasted to grow at the highest CAGR during the forecast period. The rising demand for fuel-efficient, versatile, and safety-focused vehicles is fueling this segment’s growth, with manufacturers concentrating on introducing compact e-SUVs with cutting-edge features. In terms of power output, the 150 KW to 250 KW segment is expected to hold the largest market share in 2024, accounting for over 53% of the global market. This growth is due to the increasing adoption of electric SUVs and favorable governmental incentives and subsidies promoting EV charging infrastructure development. Additionally, the 150 KW to 250 KW segment is projected to grow at the highest CAGR, as automakers focus on developing electric SUVs with this power output. Geographically, the Asia-Pacific region is anticipated to dominate the global market in 2024, claiming more than 56% of the market. Key drivers of this growth include government subsidies, incentives, and regulations supporting electric vehicle development, as well as rising demand for fuel-efficient vehicles. Moreover, the Asia-Pacific region is projected to experience the highest Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com

3. Global e-SUVs Market – 2024-2031 CAGR of over 19% during the forecast period, as investments in charging infrastructure and advancements in vehicle technology continue to increase. Key Players: The key players operating in the e-SUVs market are Tesla Inc. (U.S.), Toyota Motor Corporation (Japan), Honda Motor Co., Ltd. (Japan), BYD Company Ltd. (China), Ford Motor Company (U.S.), Hyundai Motor Company (South Korea), Mercedes-Benz (Germany), Nissan Motor Corporation (Japan), Volkswagen AG (Germany), AB Volvo (Sweden), Kia Corporation (South Korea), and BMW (Germany). To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/e-suvs-market-5958 Key Questions Answered in the Report: • Which are the high-growth market segments based on propulsion type, size, and power output? • What was the historical market for e-SUVs? • What are the market forecasts and estimates for the period 2024–2031? • What are the major drivers, restraints, and opportunities in the e-SUVs market? • Who are the major players, and what shares do they hold in the e-SUVs market? • What is the competitive landscape in the e-SUVs market? • What are the recent developments in the e-SUVs market? • What are the different strategies adopted by the major players in the e-SUVs market? • What are the important geographic trends, and which are the fastest-growing countries? • Who are the local emerging players in the global e-SUVs market, and how do they compete with existing players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com