Netherlands EV Charging Equipment market is expected to Reach $ 1.8 Bn by 2027. Will Netherlands EV Charging Equipment market stand on this projected figure? : Ken Research

Interested to Know More about this Report, Request a Free Sample Report Interested to Know More about this Report,Request a Free Sample Report 2. EV Charging Equipment market is one of the fastest growing markets inthe Netherlandswith rising players owing to the government policy to make all new vehicles zero emission by 2030 Visit this Link:-Request for custom report Market Taxonomy By Type of Electric Vehicles Vehicle By Application By Types of...

India, 10/07/2023 (informazione.news - comunicati stampa - industria)

According to Ken Research estimates, the UK EV Charging Equipment Market is at growing stage and market is supported by many EV equipment manufacturers, charging network, suppliers and installers. Market has high scope and growth is driven by rising EV adoption with rapid urbanization and technological advancements along with government initiatives & policies. Under the Electric Vehicle Infrastructure Strategy, charging electric vehicles will become easier and cheaper than re- fueling a petrol or diesel car. The demand for EV is anticipated to be high in passenger vehicle segment as top car manufacturers are will move towards EV from internal combustion engine as there would be a ban on sale of gasoline vehicles from 2030 in the country.

According to Ken Research estimates, the Market Size of KSA Automotive has shown increasing trend from 2017 to 2022. However, drop was observed in 2020. This is owing to pandemic. Market Size of KSA Automotive Market is expected to show increasing trend from 2022 to 2027 at CAGR of 9.8%. This is owing to Growing Car Demand, Government Impetus, Trade Liberalizations and Changing Demographics. A shift to preventive approach will enable new opportunity & growth via innovative service models. Domestic manufacturing & export set to redefine spare parts opportunity in KSA with Tires, batteries, lubricants, wiper plates set to take the front seat.

According to Ken Research estimates, the Market Size of USA EV & EV Charging Equipment has shown increasing trend from 2017 to 2022. The EV market faced the brunt due the COVID-19 outbreak. Lockdown resulted in the temporary closure of manufacturing plants & other businesses that have negatively affected the sales of electric two wheelers leading to flatter growth in 2020. Also, the public and private charging stations have been expanding at a rapid rate in the recent years. The US consumer being generally wealthy with a higher GDP per capita will prefer a four-wheeler over two-wheelers. People's inclination towards EVs and government effort towards setting up the requisite infrastructure will promote Electric Vehicles across the country.

According to Ken Research estimates, the India MBO 2W Market grew at a CAGR of 11.3% from 2017-2022 and is forecasted to grow at a CAGR of 10% in future from 2023-2027F owing to diversification, digitalization & expansion. Two -wheeler finance can grow via NBFCs if they offer direct support to the MBOs and provide better interest rates along with other additional support. However, this process is slightly difficult due to the unorganized nature of the market. Rise in the ASP of the vehicle will push the lower income group to look for financing options.

 

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Ankur Gupta , Director Strategy and Growth
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