Electric Sports Utility Vehicle Market Research Report – Global Forecast till 2027

Electric Sports Utility Vehicle (e-SUV) Market Research Report: Information by Drive Train (Front Wheel Drive, Rear Wheel Drive, All Wheel Drive), Seater Type (5-Seater, 7-Seater) and Region - Global Forecast till 2027

ID: MRFR/AM/6029-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Electric Sports Utility Vehicle Market Synopsis:


Global electric sports utility vehicle (e-SUV) market is estimated to witness a 10% CAGR during the forecast period.


Electric vehicles, since their inception, have revolutionized the global automotive sector. Growing prices of fossil fuels and the adverse effects of internal combustion engine (ICE) vehicles on the environment have increased the importance of electric vehicles globally. Sports utility vehicles (SUV), which are mainly used as family cars due to growing demand for comfortable and luxury rides. However, SUVs are generally fueled by diesel, which increases their emissions. Thus, electric SUVs were introduced in the market. E-SUVs do not comprome on the passengers’ comfort and do not harm the environment as well.


Stringent regulations regarding pollution emission have prompted some countries to banning of diesel vehicles. Due to this reason, the overall SUV market was expected to dip. However, with the advent of e-SUVs, the demand for SUVs, that run on eco-friendly fuel, has gone up. These vehicles are particularly popular in Europe and North America, where tight regulations and standards regarding maintenance of environmental balance, are in place.


The Prominent Players


The prominent players in the Global Electric Sports Utility Vehicle (E-SUV) Market include Toyota Motor Corporation (Japan), Tesla, Inc. (U.S.), BMW Group (Germany), Jaguar Land Rover (UK), Audi AG (Germany), Porsche AG (Germany), Volvo Car (Sweden), The Hyundai Motor Company (South Korea), Honda Motor Company, Ltd. (Japan), and Nissan Motor Co., Ltd. (Japan).


Electric Sports Utility Vehicle (e-SUV) Market Segmentation


Electric Sports Utility Vehicle (e-SUV) Market


The global electric sports utility vehicle (e-SUV) market is segmented on the basis of drive train, seater type and region. On the basis of drive train, the market is segmented into Front Wheel Drive (FWD), Rear Wheel Drive (RWD), and All Wheel Drive (AWD). By seater type, the market is segmented into 5-seater and 7-seater.


Geographically, the Global Electric Sports Utility Vehicle (e-SUV) Market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. North America is estimated to account for a significant share in the Global Electric Sports Utility Vehicle (e-SUV) Market. The U.S. dominated this region, followed by Canada. This region has witnessed growing demand for SUVs and recreational vehicles in the last few years. However, due to stringent environmental regulations, the demand for e-SUVs is also expected to go up in the next five years.


The Asia Pacific region is expected to grow at the highest CAGR in the Global Electric Sports Utility Vehicle (e-SUV) Market. This region is dominated by China, which is considered to be one of the fastest-growing countries in the global automotive sector. Technologically advanced countries such as Japan and South Korea have also played key roles in the growth of the market in this region. Besides, developing countries such as India, Taiwan and Malaysia provide a huge opportunity for further growth of this markets These are untapped markets, which is encouraging e-SUV OEMs to invest and establish themselves as strong players in the local market.


The report for Global Electric Sports Utility Vehicle (E-SUV) Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   10% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Drive Train, Seater Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Toyota Motor Corporation (Japan), Tesla, Inc. (U.S.), BMW Group (Germany), Jaguar Land Rover (UK), Audi AG (Germany), Porsche AG (Germany), Volvo Car (Sweden), The Hyundai Motor Company (South Korea), Honda Motor Company, Ltd. (Japan), and Nissan Motor Co., Ltd. (Japan).
  Key Market Opportunities   Increased the importance of electric vehicles globally
  Key Market Drivers

  • Growing prices of fossil fuels and the adverse effects of internal combustion engine (ICE) vehicles on the environment
  • Growing demand for comfortable and luxury rides
  • Growing demand for SUVs and recreational vehicles in the last few years


  • Frequently Asked Questions (FAQ) :


    The growth rate acquired by the market in the coming years is estimated to be 10%.

    Electric Sports Utility Vehicles is a lucrative market and is anticipated to expand quite rapidly in the following years.

    The leading companies are Volvo Car (Sweden), BMW Group (Germany), Jaguar Land Rover (UK), Porsche AG (Germany), The Hyundai Motor Company (South Korea), Honda Motor Company, Ltd. (Japan), Audi AG (Germany), Tesla, Inc. (U.S.), Nissan Motor Co., Ltd. (Japan), Toyota Motor Corporation (Japan), and others.

    The seater types covered in the report are 5 seater and 7 seater.

    The factors that can leave a positive impact on the market include surging incentives by government including charging batteries, discounts as well as free parking along with mounting awareness with regard to environmental degradation.