Electric vehicle relays market size to grow by USD 130,394.18 million: Auto parts and equipment is the parent market - Technavio

NEW YORK, Dec. 9, 2022 /PRNewswire/ -- The global electric vehicle relays market has been categorized as a part of the global auto parts and equipment market. The global auto parts and equipment market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers.

The electric vehicle relays market size is forecasted to grow by USD 130,394.18 million from 2022 to 2027. The market is estimated to grow at a CAGR of 44.1% during the forecast period, according to Technavio. Download a sample

Electric vehicle relays market 2022-2026: Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Buy the report

Electric vehicle relays market 2022-2026: Scope

The Electric vehicle relays market report covers the following areas:

• Market Size
• Key Trends
• Competitive Analysis

Electric vehicle relays market 2022-2026: Vendor landscape

The global electric vehicle relays market is fragmented due to the presence of many players. Some of the key vendors are dominating the market, with their wide range of product lines and popular brands. Vendors operating in the global electric vehicle relays market compete on different factors such as price, quality, brand, and variety. Companies incorporate different strategies to increase their shares in the global market. The expansion of product lines provides an opportunity for the leading players to maintain their dominance.

ABB Ltd., American Zettler Inc., Aptiv, BorgWarner Inc., Denso Corp., Fujitsu Ltd., Good Sky Electric Co. Ltd., HELLA GmbH & Co. KGaA, IDEC Corp., Littelfuse Inc., OMRON Corp., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Sensata Technologies Inc, Shanghai Hu Gong Auto electric, Siemens AG, TE Connectivity Ltd., Xiamen Hongfa Electroacoustic, and YM Tech Co. Ltd. are among some of the major market participants.

Electric vehicle relays market 2022-2026: Segmentation

• Type 
• PCB
• Plug-in

The PCB segment will account for the highest share of the market's growth during the forecast period. PCB relays are compact devices and are required to be mounted directly on the printed circuit board for power management operations in a control system design. PCB relays are used in electric vehicle applications with either body control electronics or powertrain electronics. PCB-mounted relays can be electromechanical relays or solid-state relays. The PCB relays segment is expected to grow steadily during the forecast period.

• Geography 
• APAC
• North America
• Europe
• South America
• Middle East And Africa

APAC is estimated to account for 55% of the market's growth during the forecast period. OEMs comprise buyers of electric vehicle relays, which explains the dependence of electric vehicle relays on electric vehicle production volumes for their growth. Similarly, electric vehicle production volumes depend on the demand from end-users. China, Japan, and South Korea dominate electric vehicle production and sales in the region. The growing demand for electric vehicles in the region has ushered in multiple investments for setting up new electric vehicle manufacturing plants and expanding existing capabilities.

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What are the key data covered in this Electric vehicle relays market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Electric vehicle relays market between 2023 and 2027
• Precise estimation of the size of the Electric vehicle relays market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Electric vehicle relays market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Electric vehicle relays market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market Definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global electric vehicle relays market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global electric vehicle relays market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Vehicle type Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on the Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 PCB - Market size and forecast 2022-2027
• Exhibit 34: Chart on PCB - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on PCB - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on PCB - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on PCB - Year-over-year growth 2022-2027 (%)

• 6.4 Plug-in - Market size and forecast 2022-2027
• Exhibit 38: Chart on Plug-in - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Plug-in - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Plug-in - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Plug-in - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Vehicle Type

• 7.1 Market segments 
• Exhibit 43: Chart on Vehicle Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 7.2 Comparison by Vehicle Type 
• Exhibit 45: Chart on Comparison by Vehicle Type
• Exhibit 46: Data Table on Comparison by Vehicle Type

• 7.3 PLDVs - Market size and forecast 2022-2027
• Exhibit 47: Chart on PLDVs - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on PLDVs - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on PLDVs - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on PLDVs - Year-over-year growth 2022-2027 (%)

• 7.4 LCVs - Market size and forecast 2022-2027
• Exhibit 51: Chart on LCVs - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on LCVs - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on LCVs - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on LCVs - Year-over-year growth 2022-2027 (%)

• 7.5 Buses and trucks - Market size and forecast 2022-2027
• Exhibit 55: Chart on Buses and trucks - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Buses and trucks - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Buses and trucks - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Buses and trucks - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Vehicle Type 
• Exhibit 59: Market opportunity by Vehicle Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 ABB Ltd. 
• Exhibit 112: ABB Ltd. - Overview
• Exhibit 113: ABB Ltd. - Business segments
• Exhibit 114: ABB Ltd. - Key offerings
• Exhibit 115: ABB Ltd. - Segment focus

• 12.4 American Zettler Inc. 
• Exhibit 116: American Zettler Inc. - Overview
• Exhibit 117: American Zettler Inc. - Product / Service
• Exhibit 118: American Zettler Inc. - Key offerings

• 12.5 Aptiv 
• Exhibit 119: Aptiv - Overview
• Exhibit 120: Aptiv - Business segments
• Exhibit 121: Aptiv - Key offerings
• Exhibit 122: Aptiv - Segment focus

• 12.6 BorgWarner Inc. 
• Exhibit 123: BorgWarner Inc. - Overview
• Exhibit 124: BorgWarner Inc. - Business segments
• Exhibit 125: BorgWarner Inc. - Key news
• Exhibit 126: BorgWarner Inc. - Key offerings
• Exhibit 127: BorgWarner Inc. - Segment focus

• 12.7 Denso Corp. 
• Exhibit 128: Denso Corp. - Overview
• Exhibit 129: Denso Corp. - Business segments
• Exhibit 130: Denso Corp. - Key news
• Exhibit 131: Denso Corp. - Key offerings
• Exhibit 132: Denso Corp. - Segment focus

• 12.8 Fujitsu Ltd. 
• Exhibit 133: Fujitsu Ltd. - Overview
• Exhibit 134: Fujitsu Ltd. - Business segments
• Exhibit 135: Fujitsu Ltd. - Key offerings
• Exhibit 136: Fujitsu Ltd. - Segment focus

• 12.9 HELLA GmbH Co. KGaA 
• Exhibit 137: HELLA GmbH Co. KGaA - Overview
• Exhibit 138: HELLA GmbH Co. KGaA - Business segments
• Exhibit 139: HELLA GmbH Co. KGaA - Key offerings
• Exhibit 140: HELLA GmbH Co. KGaA - Segment focus

• 12.10 IDEC Corp. 
• Exhibit 141: IDEC Corp. - Overview
• Exhibit 142: IDEC Corp. - Business segments
• Exhibit 143: IDEC Corp. - Key offerings
• Exhibit 144: IDEC Corp. - Segment focus

• 12.11 OMRON Corp. 
• Exhibit 145: OMRON Corp. - Overview
• Exhibit 146: OMRON Corp. - Business segments
• Exhibit 147: OMRON Corp. - Key news
• Exhibit 148: OMRON Corp. - Key offerings
• Exhibit 149: OMRON Corp. - Segment focus

• 12.12 Panasonic Holdings Corp. 
• Exhibit 150: Panasonic Holdings Corp. - Overview
• Exhibit 151: Panasonic Holdings Corp. - Business segments
• Exhibit 152: Panasonic Holdings Corp. - Key news
• Exhibit 153: Panasonic Holdings Corp. - Key offerings
• Exhibit 154: Panasonic Holdings Corp. - Segment focus

• 12.13 Robert Bosch GmbH 
• Exhibit 155: Robert Bosch GmbH - Overview
• Exhibit 156: Robert Bosch GmbH - Business segments
• Exhibit 157: Robert Bosch GmbH - Key news
• Exhibit 158: Robert Bosch GmbH - Key offerings
• Exhibit 159: Robert Bosch GmbH - Segment focus

• 12.14 Shanghai Hu Gong Auto electric 
• Exhibit 160: Shanghai Hu Gong Auto electric - Overview
• Exhibit 161: Shanghai Hu Gong Auto electric - Product / Service
• Exhibit 162: Shanghai Hu Gong Auto electric - Key offerings

• 12.15 TE Connectivity Ltd. 
• Exhibit 163: TE Connectivity Ltd. - Overview
• Exhibit 164: TE Connectivity Ltd. - Business segments
• Exhibit 165: TE Connectivity Ltd. - Key offerings
• Exhibit 166: TE Connectivity Ltd. - Segment focus

• 12.16 Xiamen Hongfa Electroacoustic 
• Exhibit 167: Xiamen Hongfa Electroacoustic - Overview
• Exhibit 168: Xiamen Hongfa Electroacoustic - Product / Service
• Exhibit 169: Xiamen Hongfa Electroacoustic - Key offerings

• 12.17 YM Tech Co. Ltd. 
• Exhibit 170: YM Tech Co. Ltd. - Overview
• Exhibit 171: YM Tech Co. Ltd. - Product / Service
• Exhibit 172: YM Tech Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources

• 13.5 List of abbreviations 
• Exhibit 179: List of abbreviations

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