LONDON–(BUSINESS WIRE)–Technavio predicts the global electric vehicle relays market to grow steadily at a CAGR of almost 31% by 2024. One of the primary drivers for this market is the increasing preference for bi-directional and inductive wireless charging systems. The growing competition in the market is driving vendors to focus on the development of technologically advanced charging systems. This has led to the development of bi-directional and inductive wireless charging systems. Prominent OEMs such as Nissan Motor and Honda Motor Company have already started offering bidirectional chargers in their electric vehicle models. Such developments in the automotive industry are fueling the growth of the global electric vehicle relays market. Download Free Sample Report with COVID-19 Impact Analysis
The global electric vehicle relays market is a part of the global automobile manufacturers market. The global automobile manufacturers market includes companies engaged in the production of vehicles such as passenger cars, electric vehicles, commercial vehicles, heavy-duty vehicles, all-terrain vehicles, and off-road vehicles. Our research reports provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors
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Technavio’s reports are aimed at providing key insights on electric vehicle relays markets by identifying the key drivers, trends, and, challenges that are impacting the overall automobile manufacturers market. The research analyses the impact on these factors on the electric vehicle relays markets, for the present market scenario and over the forecast period. Technavio’s reports provide a comprehensive analysis on the vendors and their offerings, major growth strategies adopted by stakeholders, and the key happenings in the market.
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Automobile Manufacturers Market: Segmentation
Automobile manufacturers, the parent market, includes the global electric vehicle relays market within its scope and it is further segmented into multiple sub-segments. Technavio’s reports identify the high growth areas and opportunities for vendors operating in each sub-segment of the global electric vehicle relays market. The market is segmented as follows:
- Passenger cars
- Commercial vehicles
- Electric vehicles
- All-terrain vehicles
- Off-road vehicles
- Alternative fuel
- Authorized dealers/distributors
- Direct to customer
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Automobile Manufacturers Market: Geographic Segmentation
The global automobile manufacturers market has been analyzed across key geographical regions to identify region level market dynamics, developments, and the key growth countries for the forecast period. The regional level analysis identifies the market shares, growth momentum, and key leading countries in the market, which include (but are not limited to) the following:
- North America (NA)
- South America (SA)
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
Technavio’s industry coverage utilizes multiple sources and tools to gather information of the multiple stakeholders and their offerings towards the market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the health care supplies market, while also categorizing the vendors into pure play, category focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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