Solar Vehicle Market
Global Industry Analysis and Forecast 2024-2031
Base Year
2023
Forecast Year
2024-2031
Historical Years
2019-2022
Market Value (2023)
USD 317.6 Million
Forecasted Value (2031)
USD 1,838.2 Million
CAGR (2024 - 2031)
24.95%
Fastest Growing Region (2023 - 2030)
Asia Pacific
Largest Region
North America
By Vehicle Type
Passenger Vehicles, Commercial Vehicles.
By Electric Vehicle Type
BEV, HEV, PHEV.
By Battery Type
Lithium-Ion, Lead Acid, Others.
By Solar Panel
Monocrystalline, Polycrystalline.
TABLE OF CONTENT
1 INTRODUCTION OF THE GLOBAL SOLAR VEHICLE MARKET
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach
4 GLOBAL SOLAR VEHICLE MARKET OUTLOOK
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis
5 IMPACT OF RUSSIA-UKRAINE WAR
6 GLOBAL SOLAR VEHICLE MARKET, BY VEHICLE TYPE
6.1 Overview
6.2 Passenger Vehicles
6.3 Commercial Vehicles
7 GLOBAL SOLAR VEHICLE MARKET, BY VEHICLE TYPE
7.1 Overview
7.2 BEV
7.3 HEV
7.4 PHEV
8 GLOBAL SOLAR VEHICLE MARKET, BY BATTERY TYPE
8.1 Overview
8.2 Lithium-Ion
8.3 Lead Acid
8.4 Others
9 GLOBAL SOLAR VEHICLE MARKET, BY SOLAR PANEL
9.1 Overview
9.2 Monocrystalline
9.3 Polycrystalline
10 GLOBAL SOLAR VEHICLE MARKET, BY GEOGRAPHY
10.1 Overview
11 NORTH AMERICA
11.1 U.S.
11.2 Canada
11.3 Mexico
12 EUROPE
12.1 Germany
12.2 U.K.
12.3 France
12.4 Italy
12.5 Spain
12.6 Russia
12.7 Rest of Europe
13 ASIA PACIFIC
13.1 China
13.2 Japan
13.3 India
13.4 South Korea
13.5 Rest of Asia Pacific
14 MIDDLE EAST & AFRICA
14.1 GCC
14.2 South Africa
14.3 North Africa
14.4 Rest of Middle East & Africa
15 LATIN AMERICA
15.1 Brazil
15.2 Argentina
15.3 Rest of South America
16 GLOBAL SOLAR VEHICLE MARKET COMPETITIVE LANDSCAPE
16.1 Overview
16.2 Key Developments
16.3 Key Strategic Developments
16.4 Company Market Ranking
16.5 Regional Footprint
16.6 Industry Footprint
17 COMPANY PROFILES
17.1 Lightyear
17.1.1 Key Facts
17.1.2 Financial Overview
17.1.3 Product Benchmarking
17.1.4 Recent Developments
17.1.5 Winning Imperatives
17.1.6 Current Focus & Strategies
17.1.7 Threat from competition
17.1.8 SWOT Analysis
17.2 Skoda Auto Volkswagen India Private Limited
17.2.1 Key Facts
17.2.2 Financial Overview
17.2.3 Product Benchmarking
17.2.4 Recent Developments
17.2.5 Winning Imperatives
17.2.6 Current Focus & Strategies
17.2.7 Threat from competition
17.2.8 SWOT Analysis
17.3 Sono Motors GmbH
17.3.1 Key Facts
17.3.2 Financial Overview
17.3.3 Product Benchmarking
17.3.4 Recent Developments
17.3.5 Winning Imperatives
17.3.6 Current Focus & Strategies
17.3.7 Threat from competition
17.3.8 SWOT Analysis
17.4 VENTURI
17.4.1 Key Facts
17.4.2 Financial Overview
17.4.3 Product Benchmarking
17.4.4 Recent Developments
17.4.5 Winning Imperatives
17.4.6 Current Focus & Strategies
17.4.7 Threat from competition
17.4.8 SWOT Analysis
17.5 Daimler Truck AG
17.5.1 Key Facts
17.5.2 Financial Overview
17.5.3 Product Benchmarking
17.5.4 Recent Developments
17.6 Aptera Motors Corp.
17.6.1 Key Facts
17.6.2 Financial Overview
17.6.3 Product Benchmarking
17.6.4 Recent Developments
17.7 Fisker, Inc.
17.7.1 Key Facts
17.7.2 Financial Overview
17.7.3 Product Benchmarking
17.7.4 Recent Developments
17.8 Hyundai Motor Company
17.8.1 Key Facts
17.8.2 Financial Overview
17.8.3 Product Benchmarking
17.8.4 Recent Developments
17.9 Vayve Mobility
17.9.1 Key Facts
17.9.2 Financial Overview
17.9.3 Product Benchmarking
17.9.4 Recent Developments
LIST OF TABLES
TABLE 1 Global Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 2 Global Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 3 Global Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 4 Global Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 5 Global Solar Vehicle Market Revenue, By Geography, 2021 - 2031 (USD Million)
TABLE 6 North America Solar Vehicle Market Revenue, By Country, 2021 - 2031 (USD Million)
TABLE 7 North America Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 8 North America Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 9 North America Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 10 North America Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 11 US Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 12 US Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 13 US Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 14 US Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 15 Canada Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 16 Canada Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 17 Canada Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 18 Canada Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 19 Mexico Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 20 Mexico Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 21 Mexico Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 22 Mexico Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 23 Europe Solar Vehicle Market Revenue, By Country, 2021 - 2031 (USD Million)
TABLE 24 Europe Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 25 Europe Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 26 Europe Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 27 Europe Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 28 Germany Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 29 Germany Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 30 Germany Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 31 Germany Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 32 France Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 33 France Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 34 France Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 35 France Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 36 U.K. Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 37 U.K. Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 38 U.K. Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 39 U.K. Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 40 Spain Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 41 Spain Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 42 Spain Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 43 Spain Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 44 Italy Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 45 Italy Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 46 Italy Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 47 Italy Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 48 Russia Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 49 Russia Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 50 Russia Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 51 Russia Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 52 Rest of Europe Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 53 Rest of Europe Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 54 Rest of Europe Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 55 Rest of Europe Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 56 Asia-Pacific Solar Vehicle Market Revenue, By Country, 2021 - 2031 (USD Million)
TABLE 57 Asia-Pacific Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 58 Asia-Pacific Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 59 Asia-Pacific Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 60 Asia-Pacific Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 61 China Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 62 China Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 63 China Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 64 China Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 65 Japan Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 66 Japan Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 67 Japan Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 68 Japan Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 69 India Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 70 India Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 71 India Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 72 India Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 73 South Korea Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 74 South Korea Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 75 South Korea Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 76 South Korea Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 77 Rest of Asia-Pacific Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 78 Rest of Asia-Pacific Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 79 Rest of Asia-Pacific Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 80 Rest of Asia-Pacific Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 81 Middle East and Africa Solar Vehicle Market Revenue, By Country, 2021 - 2031 (USD Million)
TABLE 82 Middle East and Africa Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 83 Middle East and Africa Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 84 Middle East and Africa Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 85 Middle East and Africa Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 86 GCC Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 87 GCC Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 88 GCC Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 89 GCC Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 90 North Africa Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 91 North Africa Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 92 North Africa Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 93 North Africa Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 94 South Africa Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 95 South Africa Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 96 South Africa Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 97 South Africa Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 98 Rest of Middle East & Africa Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 99 Rest of Middle East & Africa Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 100 Rest of Middle East & Africa Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 101 Rest of Middle East & Africa Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 102 Latin America Solar Vehicle Market Revenue, By Country, 2021 - 2031 (USD Million)
TABLE 103 Latin America Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 104 Latin America Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 105 Latin America Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 106 Latin America Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 107 Brazil Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 108 Brazil Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 109 Brazil Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 110 Brazil Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 111 Argentina Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 112 Argentina Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 113 Argentina Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 114 Argentina Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 115 Rest of Latin America Solar Vehicle Market Revenue, By Vehicle Type, 2021 - 2031 (USD Million)
TABLE 116 Rest of Latin America Solar Vehicle Market Revenue, By Electric Vehicle Type, 2021 - 2031 (USD Million)
TABLE 117 Rest of Latin America Solar Vehicle Market Revenue, By Battery Type, 2021 - 2031 (USD Million)
TABLE 118 Rest of Latin America Solar Vehicle Market Revenue, By Solar Panel, 2021 - 2031 (USD Million)
TABLE 119 Company Market Ranking
TABLE 120 Regional Footprint
TABLE 121 Product Benchmarking
TABLE 122 Recent Developments
TABLE 123 Winning Imperatives
LIST OF FIGURES
FIG. 1 Market Segmentation
FIG. 2 Research Timeline
FIG. 3 Global Solar Vehicle Market 2021-2031 (USD Million)
FIG. 4 Global Solar Vehicle Market Geographical Analysis (CAGR %)
FIG. 5 Global Solar Vehicle Absolute Market Opportunity (USD Million)
FIG. 6 Global Solar Vehicle Market Attractiveness (USD Million)
FIG. 7 Global Solar Vehicle Market, By Vehicle Type, 2021-2031 (USD Million)
FIG. 8 Global Solar Vehicle Market, By Electric Vehicle Type, 2021-2031 (USD Million)
FIG. 9 Global Solar Vehicle Market, By Battery Type, 2021-2031 (USD Million)
FIG. 10 Global Solar Vehicle Market, By Solar Panel, 2021-2031 (USD Million)
FIG. 11 Research Methodology
FIG. 12 Research Process
FIG. 13 Bottom-Up Approach
FIG. 14 Top-Bottom Approach
FIG. 15 Market Dynamics Overview
FIG. 16 Porter's Five Forces Analysis
FIG. 17 Value Chain Analysis
FIG. 18 Macroeconomic Analysis
FIG. 19 Global Solar Vehicle Market Revenue Share, By Vehicle Type, 2023 and 2031 (%)
FIG. 20 Global Solar Vehicle Market Revenue Share, By Electric Vehicle Type, 2023 and 2031 (%)
FIG. 21 Global Solar Vehicle Market Revenue Share, By Battery Type, 2023 and 2031 (%)
FIG. 22 Global Solar Vehicle Market Revenue Share, By Solar Panel, 2023 and 2031 (%)
FIG. 23 Global Solar Vehicle Market Revenue Share, By Geographic Regions, 2023 and 2031 (%)
FIG. 24 Market Size and Projections, 2021 - 2031 (USD Million)
FIG. 25 North America Solar Vehicle Market Overview Share, By Countries, 2021 - 2031 (%)
FIG. 26 Market Size and Projections, 2021 - 2031 (USD Million)
FIG. 27 Europe Solar Vehicle Market Overview Share, By Countries, 2021 - 2031 (%)
FIG. 28 Market Size and Projections, 2021 - 2031 (USD Million)
FIG. 29 Asia-Pacific Solar Vehicle Market Overview Share, By Countries, 2021 - 2031 (%)
FIG. 30 Market Size and Projections, 2021 - 2031 (USD Million)
FIG. 31 Middle East & Africa Solar Vehicle Market Overview Share, By Countries, 2021 - 2031 (%)
FIG. 32 Market Size and Projections, 2021 - 2031 (USD Million)
FIG. 33 Latin America Solar Vehicle Market Overview Share, By Countries, 2021 - 2031 (%)
FIG. 34 Key Strategic Development
FIG. 35 Key Facts
FIG. 36 Financial Overview
FIG. 37 SWOT Analysis
CHOOSE LICENCE TYPE
CUSTOMIZATION OFFERED
- Additional Company Profiles
- Additional Countries
- Cross Segment Analysis
- Regional Market Dynamics
- Country-Level Trend Analysis
- Competitive Landscape Customization
- Extended Forecast Years
- Historical Data Up to 5 Years