Japan Electric Vehicle Market By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle), By Battery Type (Lead Acid, Lithium Ion), By Region, Competition Forecast & Opportunities, FY2027

Japan electric vehicle market is expected to grow at a rate of significant CAGR for the forecast period, FY2023-FY2027. The rise in the awareness of the consumers and the supportive government policies promoting green energy is a driving factor for the Japan electric vehicle market. Japan is one of the largest manufacturers of hybrid electric vehicles consisting of gasoline and electric driven vehicles worldwide.

The high demand for hybrid electric vehicles in Japan to reduce the carbon dioxide emissions into the environment and the expenditure by the market players for developing advanced electric vehicles is expected to accelerate the market growth. Japan is a high-tech country and has made high-end investments for the research and development activities which are expected to fuel the Japan electric vehicle market growth for the next five years. Leading authorities are aiming to stop the sales of gasoline-only cars by 2035, thereby creating lucrative opportunities for the Japan electric vehicle market growth. The government is providing subsidies to electric vehicle buyers to promote the sales of electric vehicles in the country, which in turn is expected to bolster the Japan electric vehicle market growth. Automobile manufacturers are continuous efforts to reduce greenhouse emissions into the environment. The well-developed charging infrastructure for electric vehicles in the country is further contributing to the market growth.

Japan electric vehicle market is segmented into vehicle type, battery type, regional distribution, and company. Based on the vehicle type, the market is divided into two-wheeler, passenger car, and commercial vehicle. The two-wheeler electric vehicle segment is expected to hold the largest market share for the forecast period, FY2023-FY2027. The increasing adoption of electricity-driven vehicles and the development of the renewable energy industry contribute to market growth. Also, the decline in the lithium-ion batteries and the ease of navigating through the dense traffic is expected to propel the two-wheeler electric vehicle segment growth.

The major players operating in the Japan electric vehicle market are Toyota Motor Corporation, Honda Motor Company, Ltd, Nissan Motor Co., Ltd., Mitsubishi Motors Corporation, Yamaha Motor Co. Ltd, Kawasaki Motors Inc., Daimler AG, Isuzu Motors Limited, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market.

Years considered for this report:

Historical Years: FY2017-FY2020

Base Year: FY2021

Estimated Year: FY2022

Forecast Period: FY2023–FY2027

Objective of the Study:

• To analyze the historical growth of the market size of Japan electric vehicle market from FY2017 to FY2020.
• To estimate and forecast the market size of Japan electric vehicle market from FY2021 to FY2027 and growth rate until FY2027.
• To classify and forecast Japan electric vehicle market based on vehicle type, battery type, regional distribution, and company.
• To identify dominant region or segment in the Japan electric vehicle market
• To identify drivers and challenges for Japan electric vehicle market
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Japan electric vehicle market.
• To identify and analyze the profile of leading players operating in Japan electric vehicle market.
• To identify key sustainable strategies adopted by market players in Japan electric vehicle market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Japan electric vehicle market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Electric vehicle manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to electric vehicle market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Japan electric vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Japan Electric Vehicle Market, By Vehicle Type:
• Two-Wheeler
• Passenger Car
• Commercial Vehicle
• Japan Electric Vehicle Market, By Battery Type:
• Lead Acid
• Lithium Ion
• Japan Electric Vehicle Market, By Region:
• Hokkaido & Tohoku
• Kanto
• Chubu
• Kansai
• Chugoku
• Shikoku
• Kyushu

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Japan electric vehicle market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).