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Global Solar Powered Car Market Research Report 2025
Synopsis
The global Solar Powered Car market was valued at US$ 791.8 million in 2023 and is anticipated to reach US$ 1730.8 million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
This report aims to provide a comprehensive presentation of the global market for Solar Powered Car, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solar Powered Car.
Report Scope
The Solar Powered Car market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Solar Powered Car market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solar Powered Car manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Audi AG
Clenergy TeamArrow
Cruise Car
EVX Pty Ltd
Ford Motor Company
General Motors
Hanergy Holding Group
Lightyear
Mahindra & Mahindra Limited
Solar Electric Vehicle Company
Sono Motors GmbH
Toyota Motor Corp
Venturi
Volkswagen AG
Segment by Type
Crystalline Silicon Solar Cells
Thin-Film Solar Cells
Segment by Application
Commercial Vehicle
Passenger Car
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Solar Powered Car manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solar Powered Car by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Solar Powered Car in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The global Solar Powered Car market was valued at US$ 791.8 million in 2023 and is anticipated to reach US$ 1730.8 million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
This report aims to provide a comprehensive presentation of the global market for Solar Powered Car, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solar Powered Car.
Report Scope
The Solar Powered Car market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Solar Powered Car market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solar Powered Car manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Audi AG
Clenergy TeamArrow
Cruise Car
EVX Pty Ltd
Ford Motor Company
General Motors
Hanergy Holding Group
Lightyear
Mahindra & Mahindra Limited
Solar Electric Vehicle Company
Sono Motors GmbH
Toyota Motor Corp
Venturi
Volkswagen AG
Segment by Type
Crystalline Silicon Solar Cells
Thin-Film Solar Cells
Segment by Application
Commercial Vehicle
Passenger Car
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Solar Powered Car manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solar Powered Car by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Solar Powered Car in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Solar Powered Car Market Overview
1.1 Product Definition
1.2 Solar Powered Car Segment by Type
1.2.1 Global Solar Powered Car Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Crystalline Silicon Solar Cells
1.2.3 Thin-Film Solar Cells
1.3 Solar Powered Car Segment by Application
1.3.1 Global Solar Powered Car Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Commercial Vehicle
1.3.3 Passenger Car
1.4 Global Market Growth Prospects
1.4.1 Global Solar Powered Car Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Solar Powered Car Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Solar Powered Car Production Estimates and Forecasts (2019-2030)
1.4.4 Global Solar Powered Car Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Solar Powered Car Production Market Share by Manufacturers (2019-2024)
2.2 Global Solar Powered Car Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Solar Powered Car, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Solar Powered Car Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Solar Powered Car Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Solar Powered Car, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Solar Powered Car, Product Offered and Application
2.8 Global Key Manufacturers of Solar Powered Car, Date of Enter into This Industry
2.9 Solar Powered Car Market Competitive Situation and Trends
2.9.1 Solar Powered Car Market Concentration Rate
2.9.2 Global 5 and 10 Largest Solar Powered Car Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Solar Powered Car Production by Region
3.1 Global Solar Powered Car Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Solar Powered Car Production Value by Region (2019-2030)
3.2.1 Global Solar Powered Car Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Solar Powered Car by Region (2025-2030)
3.3 Global Solar Powered Car Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Solar Powered Car Production by Region (2019-2030)
3.4.1 Global Solar Powered Car Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Solar Powered Car by Region (2025-2030)
3.5 Global Solar Powered Car Market Price Analysis by Region (2019-2024)
3.6 Global Solar Powered Car Production and Value, Year-over-Year Growth
3.6.1 North America Solar Powered Car Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Solar Powered Car Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Solar Powered Car Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Solar Powered Car Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Solar Powered Car Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Solar Powered Car Production Value Estimates and Forecasts (2019-2030)
4 Solar Powered Car Consumption by Region
4.1 Global Solar Powered Car Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Solar Powered Car Consumption by Region (2019-2030)
4.2.1 Global Solar Powered Car Consumption by Region (2019-2024)
4.2.2 Global Solar Powered Car Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Solar Powered Car Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Solar Powered Car Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Solar Powered Car Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Solar Powered Car Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Solar Powered Car Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Solar Powered Car Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Solar Powered Car Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Solar Powered Car Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Solar Powered Car Production by Type (2019-2030)
5.1.1 Global Solar Powered Car Production by Type (2019-2024)
5.1.2 Global Solar Powered Car Production by Type (2025-2030)
5.1.3 Global Solar Powered Car Production Market Share by Type (2019-2030)
5.2 Global Solar Powered Car Production Value by Type (2019-2030)
5.2.1 Global Solar Powered Car Production Value by Type (2019-2024)
5.2.2 Global Solar Powered Car Production Value by Type (2025-2030)
5.2.3 Global Solar Powered Car Production Value Market Share by Type (2019-2030)
5.3 Global Solar Powered Car Price by Type (2019-2030)
6 Segment by Application
6.1 Global Solar Powered Car Production by Application (2019-2030)
6.1.1 Global Solar Powered Car Production by Application (2019-2024)
6.1.2 Global Solar Powered Car Production by Application (2025-2030)
6.1.3 Global Solar Powered Car Production Market Share by Application (2019-2030)
6.2 Global Solar Powered Car Production Value by Application (2019-2030)
6.2.1 Global Solar Powered Car Production Value by Application (2019-2024)
6.2.2 Global Solar Powered Car Production Value by Application (2025-2030)
6.2.3 Global Solar Powered Car Production Value Market Share by Application (2019-2030)
6.3 Global Solar Powered Car Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Audi AG
7.1.1 Audi AG Solar Powered Car Corporation Information
7.1.2 Audi AG Solar Powered Car Product Portfolio
7.1.3 Audi AG Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Audi AG Main Business and Markets Served
7.1.5 Audi AG Recent Developments/Updates
7.2 Clenergy TeamArrow
7.2.1 Clenergy TeamArrow Solar Powered Car Corporation Information
7.2.2 Clenergy TeamArrow Solar Powered Car Product Portfolio
7.2.3 Clenergy TeamArrow Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Clenergy TeamArrow Main Business and Markets Served
7.2.5 Clenergy TeamArrow Recent Developments/Updates
7.3 Cruise Car
7.3.1 Cruise Car Solar Powered Car Corporation Information
7.3.2 Cruise Car Solar Powered Car Product Portfolio
7.3.3 Cruise Car Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Cruise Car Main Business and Markets Served
7.3.5 Cruise Car Recent Developments/Updates
7.4 EVX Pty Ltd
7.4.1 EVX Pty Ltd Solar Powered Car Corporation Information
7.4.2 EVX Pty Ltd Solar Powered Car Product Portfolio
7.4.3 EVX Pty Ltd Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.4.4 EVX Pty Ltd Main Business and Markets Served
7.4.5 EVX Pty Ltd Recent Developments/Updates
7.5 Ford Motor Company
7.5.1 Ford Motor Company Solar Powered Car Corporation Information
7.5.2 Ford Motor Company Solar Powered Car Product Portfolio
7.5.3 Ford Motor Company Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Ford Motor Company Main Business and Markets Served
7.5.5 Ford Motor Company Recent Developments/Updates
7.6 General Motors
7.6.1 General Motors Solar Powered Car Corporation Information
7.6.2 General Motors Solar Powered Car Product Portfolio
7.6.3 General Motors Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.6.4 General Motors Main Business and Markets Served
7.6.5 General Motors Recent Developments/Updates
7.7 Hanergy Holding Group
7.7.1 Hanergy Holding Group Solar Powered Car Corporation Information
7.7.2 Hanergy Holding Group Solar Powered Car Product Portfolio
7.7.3 Hanergy Holding Group Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Hanergy Holding Group Main Business and Markets Served
7.7.5 Hanergy Holding Group Recent Developments/Updates
7.8 Lightyear
7.8.1 Lightyear Solar Powered Car Corporation Information
7.8.2 Lightyear Solar Powered Car Product Portfolio
7.8.3 Lightyear Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Lightyear Main Business and Markets Served
7.7.5 Lightyear Recent Developments/Updates
7.9 Mahindra & Mahindra Limited
7.9.1 Mahindra & Mahindra Limited Solar Powered Car Corporation Information
7.9.2 Mahindra & Mahindra Limited Solar Powered Car Product Portfolio
7.9.3 Mahindra & Mahindra Limited Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Mahindra & Mahindra Limited Main Business and Markets Served
7.9.5 Mahindra & Mahindra Limited Recent Developments/Updates
7.10 Solar Electric Vehicle Company
7.10.1 Solar Electric Vehicle Company Solar Powered Car Corporation Information
7.10.2 Solar Electric Vehicle Company Solar Powered Car Product Portfolio
7.10.3 Solar Electric Vehicle Company Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Solar Electric Vehicle Company Main Business and Markets Served
7.10.5 Solar Electric Vehicle Company Recent Developments/Updates
7.11 Sono Motors GmbH
7.11.1 Sono Motors GmbH Solar Powered Car Corporation Information
7.11.2 Sono Motors GmbH Solar Powered Car Product Portfolio
7.11.3 Sono Motors GmbH Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Sono Motors GmbH Main Business and Markets Served
7.11.5 Sono Motors GmbH Recent Developments/Updates
7.12 Toyota Motor Corp
7.12.1 Toyota Motor Corp Solar Powered Car Corporation Information
7.12.2 Toyota Motor Corp Solar Powered Car Product Portfolio
7.12.3 Toyota Motor Corp Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Toyota Motor Corp Main Business and Markets Served
7.12.5 Toyota Motor Corp Recent Developments/Updates
7.13 Venturi
7.13.1 Venturi Solar Powered Car Corporation Information
7.13.2 Venturi Solar Powered Car Product Portfolio
7.13.3 Venturi Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Venturi Main Business and Markets Served
7.13.5 Venturi Recent Developments/Updates
7.14 Volkswagen AG
7.14.1 Volkswagen AG Solar Powered Car Corporation Information
7.14.2 Volkswagen AG Solar Powered Car Product Portfolio
7.14.3 Volkswagen AG Solar Powered Car Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Volkswagen AG Main Business and Markets Served
7.14.5 Volkswagen AG Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Solar Powered Car Industry Chain Analysis
8.2 Solar Powered Car Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Solar Powered Car Production Mode & Process
8.4 Solar Powered Car Sales and Marketing
8.4.1 Solar Powered Car Sales Channels
8.4.2 Solar Powered Car Distributors
8.5 Solar Powered Car Customers
9 Solar Powered Car Market Dynamics
9.1 Solar Powered Car Industry Trends
9.2 Solar Powered Car Market Drivers
9.3 Solar Powered Car Market Challenges
9.4 Solar Powered Car Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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