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Global Solar Vehicle Market Research Report 2024

Published on: 2024-01-04 | No of Pages : 400 | Industry : Latest Trends

Publisher : MRA | Format : PDF

Global Solar Vehicle Market Research Report 2024

A solar vehicle is an electric vehicle powered completely or significantly by direct solar energy. Usually, photovoltaic (PV) cells contained in solar panels convert the sun's energy directly into electric energy. The term "solar vehicle" usually implies that solar energy is used to power all or part of a vehicle's propulsion. Solar power may be also used to provide power for communications or controls or other auxiliary functions. Solar vehicles are not sold as practical day-to-day transportation devices at present, but are primarily demonstration vehicles and engineering exercises, often sponsored by government agencies. However, indirectly solar-charged vehicles are widespread and solar boats are available commercially.
According to MRA Research’s new survey, global Solar Vehicle market is projected to reach US$ million in 2033, increasing from US$ million in 2023, with the CAGR of % during the period of 2023 to 2033. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Solar Vehicle market research.
Key companies engaged in the Solar Vehicle industry include Lightyear, Volkswagen, Toyota, Nissan, Ford, General Motors, Mahindra & Mahindra, Sono Motors and Hanergy Thin Film Power Group, etc. Among those companies, the top 3 players guaranteed % supply worldwide in 2023.
When refers to consumption region, % value of Solar Vehicle were sold to North America, Europe and Asia Pacific in 2023. Moreover, China, plays a key role in the whole Solar Vehicle market and estimated to attract more attentions from industry insiders and investors.
Report Scope
This report, based on historical analysis (2018-2023) and forecast calculation (2023-2033), aims to help readers to get a comprehensive understanding of global Solar Vehicle market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.



By Company


Lightyear
Volkswagen
Toyota
Nissan
Ford
General Motors
Mahindra & Mahindra
Sono Motors
Hanergy Thin Film Power Group
Segment by Type
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)

Segment by Application


Passenger Car
Commercial Vehicle
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
The Solar Vehicle report covers below items
Chapter 1Product Basic Information (Definition, Type and Application)
Chapter 2Global market size, regional market size. Market Opportunities and Challenges
Chapter 3Companies’ Competition Patterns
Chapter 4Product Type Analysis
Chapter 5Product Application Analysis
Chapter 6 to 10Country Level Value Analysis
Chapter 11Companies' Outline
Chapter 12Market Conclusions
Chapter 13Research Methodology and Data Source

Table of Content

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Solar Vehicle Market Size Growth Rate by Type: 2018 VS 2023 VS 2033
1.2.2 Battery Electric Vehicle (BEV)
1.2.3 Hybrid Electric Vehicle (HEV)
1.3 Market by Application
1.3.1 Global Solar Vehicle Market Growth by Application: 2018 VS 2023 VS 2033
1.3.2 Passenger Car
1.3.3 Commercial Vehicle
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Solar Vehicle Market Perspective (2018-2033)
2.2 Solar Vehicle Growth Trends by Region
2.2.1 Global Solar Vehicle Market Size by Region: 2018 VS 2023 VS 2033
2.2.2 Solar Vehicle Historic Market Size by Region (2018-2023)
2.2.3 Solar Vehicle Forecasted Market Size by Region (2024-2033)
2.3 Solar Vehicle Market Dynamics
2.3.1 Solar Vehicle Industry Trends
2.3.2 Solar Vehicle Market Drivers
2.3.3 Solar Vehicle Market Challenges
2.3.4 Solar Vehicle Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Solar Vehicle Players by Revenue
3.1.1 Global Top Solar Vehicle Players by Revenue (2018-2023)
3.1.2 Global Solar Vehicle Revenue Market Share by Players (2018-2023)
3.2 Global Solar Vehicle Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Solar Vehicle Revenue
3.4 Global Solar Vehicle Market Concentration Ratio
3.4.1 Global Solar Vehicle Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Solar Vehicle Revenue in 2023
3.5 Solar Vehicle Key Players Head office and Area Served
3.6 Key Players Solar Vehicle Product Solution and Service
3.7 Date of Enter into Solar Vehicle Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Solar Vehicle Breakdown Data by Type
4.1 Global Solar Vehicle Historic Market Size by Type (2018-2023)
4.2 Global Solar Vehicle Forecasted Market Size by Type (2024-2033)
5 Solar Vehicle Breakdown Data by Application
5.1 Global Solar Vehicle Historic Market Size by Application (2018-2023)
5.2 Global Solar Vehicle Forecasted Market Size by Application (2024-2033)
6 North America
6.1 North America Solar Vehicle Market Size (2018-2033)
6.2 North America Solar Vehicle Market Growth Rate by Country: 2018 VS 2023 VS 2033
6.3 North America Solar Vehicle Market Size by Country (2018-2023)
6.4 North America Solar Vehicle Market Size by Country (2024-2033)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Solar Vehicle Market Size (2018-2033)
7.2 Europe Solar Vehicle Market Growth Rate by Country: 2018 VS 2023 VS 2033
7.3 Europe Solar Vehicle Market Size by Country (2018-2023)
7.4 Europe Solar Vehicle Market Size by Country (2024-2033)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Solar Vehicle Market Size (2018-2033)
8.2 Asia-Pacific Solar Vehicle Market Growth Rate by Region: 2018 VS 2023 VS 2033
8.3 Asia-Pacific Solar Vehicle Market Size by Region (2018-2023)
8.4 Asia-Pacific Solar Vehicle Market Size by Region (2024-2033)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Solar Vehicle Market Size (2018-2033)
9.2 Latin America Solar Vehicle Market Growth Rate by Country: 2018 VS 2023 VS 2033
9.3 Latin America Solar Vehicle Market Size by Country (2018-2023)
9.4 Latin America Solar Vehicle Market Size by Country (2024-2033)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Solar Vehicle Market Size (2018-2033)
10.2 Middle East & Africa Solar Vehicle Market Growth Rate by Country: 2018 VS 2023 VS 2033
10.3 Middle East & Africa Solar Vehicle Market Size by Country (2018-2023)
10.4 Middle East & Africa Solar Vehicle Market Size by Country (2024-2033)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Lightyear
11.1.1 Lightyear Company Detail
11.1.2 Lightyear Business Overview
11.1.3 Lightyear Solar Vehicle Introduction
11.1.4 Lightyear Revenue in Solar Vehicle Business (2018-2023)
11.1.5 Lightyear Recent Development
11.2 Volkswagen
11.2.1 Volkswagen Company Detail
11.2.2 Volkswagen Business Overview
11.2.3 Volkswagen Solar Vehicle Introduction
11.2.4 Volkswagen Revenue in Solar Vehicle Business (2018-2023)
11.2.5 Volkswagen Recent Development
11.3 Toyota
11.3.1 Toyota Company Detail
11.3.2 Toyota Business Overview
11.3.3 Toyota Solar Vehicle Introduction
11.3.4 Toyota Revenue in Solar Vehicle Business (2018-2023)
11.3.5 Toyota Recent Development
11.4 Nissan
11.4.1 Nissan Company Detail
11.4.2 Nissan Business Overview
11.4.3 Nissan Solar Vehicle Introduction
11.4.4 Nissan Revenue in Solar Vehicle Business (2018-2023)
11.4.5 Nissan Recent Development
11.5 Ford
11.5.1 Ford Company Detail
11.5.2 Ford Business Overview
11.5.3 Ford Solar Vehicle Introduction
11.5.4 Ford Revenue in Solar Vehicle Business (2018-2023)
11.5.5 Ford Recent Development
11.6 General Motors
11.6.1 General Motors Company Detail
11.6.2 General Motors Business Overview
11.6.3 General Motors Solar Vehicle Introduction
11.6.4 General Motors Revenue in Solar Vehicle Business (2018-2023)
11.6.5 General Motors Recent Development
11.7 Mahindra & Mahindra
11.7.1 Mahindra & Mahindra Company Detail
11.7.2 Mahindra & Mahindra Business Overview
11.7.3 Mahindra & Mahindra Solar Vehicle Introduction
11.7.4 Mahindra & Mahindra Revenue in Solar Vehicle Business (2018-2023)
11.7.5 Mahindra & Mahindra Recent Development
11.8 Sono Motors
11.8.1 Sono Motors Company Detail
11.8.2 Sono Motors Business Overview
11.8.3 Sono Motors Solar Vehicle Introduction
11.8.4 Sono Motors Revenue in Solar Vehicle Business (2018-2023)
11.8.5 Sono Motors Recent Development
11.9 Hanergy Thin Film Power Group
11.9.1 Hanergy Thin Film Power Group Company Detail
11.9.2 Hanergy Thin Film Power Group Business Overview
11.9.3 Hanergy Thin Film Power Group Solar Vehicle Introduction
11.9.4 Hanergy Thin Film Power Group Revenue in Solar Vehicle Business (2018-2023)
11.9.5 Hanergy Thin Film Power Group Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

List of Figure

List of Tables
Table 1. Global Solar Vehicle Market Size Growth Rate by Type (US$ Million): 2018 VS 2023 VS 2033
Table 2. Key Players of Battery Electric Vehicle (BEV)
Table 3. Key Players of Hybrid Electric Vehicle (HEV)
Table 4. Global Solar Vehicle Market Size Growth by Application (US$ Million): 2018 VS 2023 VS 2033
Table 5. Global Solar Vehicle Market Size by Region (US$ Million): 2018 VS 2023 VS 2033
Table 6. Global Solar Vehicle Market Size by Region (2018-2023) & (US$ Million)
Table 7. Global Solar Vehicle Market Share by Region (2018-2023)
Table 8. Global Solar Vehicle Forecasted Market Size by Region (2024-2033) & (US$ Million)
Table 9. Global Solar Vehicle Market Share by Region (2024-2033)
Table 10. Solar Vehicle Market Trends
Table 11. Solar Vehicle Market Drivers
Table 12. Solar Vehicle Market Challenges
Table 13. Solar Vehicle Market Restraints
Table 14. Global Solar Vehicle Revenue by Players (2018-2023) & (US$ Million)
Table 15. Global Solar Vehicle Market Share by Players (2018-2023)
Table 16. Global Top Solar Vehicle Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Solar Vehicle as of 2023)
Table 17. Ranking of Global Top Solar Vehicle Companies by Revenue (US$ Million) in 2023
Table 18. Global 5 Largest Players Market Share by Solar Vehicle Revenue (CR5 and HHI) & (2018-2023)
Table 19. Key Players Headquarters and Area Served
Table 20. Key Players Solar Vehicle Product Solution and Service
Table 21. Date of Enter into Solar Vehicle Market
Table 22. Mergers & Acquisitions, Expansion Plans
Table 23. Global Solar Vehicle Market Size by Type (2018-2023) & (US$ Million)
Table 24. Global Solar Vehicle Revenue Market Share by Type (2018-2023)
Table 25. Global Solar Vehicle Forecasted Market Size by Type (2024-2033) & (US$ Million)
Table 26. Global Solar Vehicle Revenue Market Share by Type (2024-2033)
Table 27. Global Solar Vehicle Market Size by Application (2018-2023) & (US$ Million)
Table 28. Global Solar Vehicle Revenue Market Share by Application (2018-2023)
Table 29. Global Solar Vehicle Forecasted Market Size by Application (2024-2033) & (US$ Million)
Table 30. Global Solar Vehicle Revenue Market Share by Application (2024-2033)
Table 31. North America Solar Vehicle Market Size Growth Rate by Country (US$ Million): 2018 VS 2023 VS 2033
Table 32. North America Solar Vehicle Market Size by Country (2018-2023) & (US$ Million)
Table 33. North America Solar Vehicle Market Size by Country (2024-2033) & (US$ Million)
Table 34. Europe Solar Vehicle Market Size Growth Rate by Country (US$ Million): 2018 VS 2023 VS 2033
Table 35. Europe Solar Vehicle Market Size by Country (2018-2023) & (US$ Million)
Table 36. Europe Solar Vehicle Market Size by Country (2024-2033) & (US$ Million)
Table 37. Asia-Pacific Solar Vehicle Market Size Growth Rate by Region (US$ Million): 2018 VS 2023 VS 2033
Table 38. Asia-Pacific Solar Vehicle Market Size by Region (2018-2023) & (US$ Million)
Table 39. Asia-Pacific Solar Vehicle Market Size by Region (2024-2033) & (US$ Million)
Table 40. Latin America Solar Vehicle Market Size Growth Rate by Country (US$ Million): 2018 VS 2023 VS 2033
Table 41. Latin America Solar Vehicle Market Size by Country (2018-2023) & (US$ Million)
Table 42. Latin America Solar Vehicle Market Size by Country (2024-2033) & (US$ Million)
Table 43. Middle East & Africa Solar Vehicle Market Size Growth Rate by Country (US$ Million): 2018 VS 2023 VS 2033
Table 44. Middle East & Africa Solar Vehicle Market Size by Country (2018-2023) & (US$ Million)
Table 45. Middle East & Africa Solar Vehicle Market Size by Country (2024-2033) & (US$ Million)
Table 46. Lightyear Company Detail
Table 47. Lightyear Business Overview
Table 48. Lightyear Solar Vehicle Product
Table 49. Lightyear Revenue in Solar Vehicle Business (2018-2023) & (US$ Million)
Table 50. Lightyear Recent Development
Table 51. Volkswagen Company Detail
Table 52. Volkswagen Business Overview
Table 53. Volkswagen Solar Vehicle Product
Table 54. Volkswagen Revenue in Solar Vehicle Business (2018-2023) & (US$ Million)
Table 55. Volkswagen Recent Development
Table 56. Toyota Company Detail
Table 57. Toyota Business Overview
Table 58. Toyota Solar Vehicle Product
Table 59. Toyota Revenue in Solar Vehicle Business (2018-2023) & (US$ Million)
Table 60. Toyota Recent Development
Table 61. Nissan Company Detail
Table 62. Nissan Business Overview
Table 63. Nissan Solar Vehicle Product
Table 64. Nissan Revenue in Solar Vehicle Business (2018-2023) & (US$ Million)
Table 65. Nissan Recent Development
Table 66. Ford Company Detail
Table 67. Ford Business Overview
Table 68. Ford Solar Vehicle Product
Table 69. Ford Revenue in Solar Vehicle Business (2018-2023) & (US$ Million)
Table 70. Ford Recent Development
Table 71. General Motors Company Detail
Table 72. General Motors Business Overview
Table 73. General Motors Solar Vehicle Product
Table 74. General Motors Revenue in Solar Vehicle Business (2018-2023) & (US$ Million)
Table 75. General Motors Recent Development
Table 76. Mahindra & Mahindra Company Detail
Table 77. Mahindra & Mahindra Business Overview
Table 78. Mahindra & Mahindra Solar Vehicle Product
Table 79. Mahindra & Mahindra Revenue in Solar Vehicle Business (2018-2023) & (US$ Million)
Table 80. Mahindra & Mahindra Recent Development
Table 81. Sono Motors Company Detail
Table 82. Sono Motors Business Overview
Table 83. Sono Motors Solar Vehicle Product
Table 84. Sono Motors Revenue in Solar Vehicle Business (2018-2023) & (US$ Million)
Table 85. Sono Motors Recent Development
Table 86. Hanergy Thin Film Power Group Company Detail
Table 87. Hanergy Thin Film Power Group Business Overview
Table 88. Hanergy Thin Film Power Group Solar Vehicle Product
Table 89. Hanergy Thin Film Power Group Revenue in Solar Vehicle Business (2018-2023) & (US$ Million)
Table 90. Hanergy Thin Film Power Group Recent Development
Table 91. Research Programs/Design for This Report
Table 92. Key Data Information from Secondary Sources
Table 93. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Solar Vehicle Market Size Comparison by Type (2023-2033) & (US$ Million)
Figure 2. Global Solar Vehicle Market Share by Type: 2023 VS 2033
Figure 3. Battery Electric Vehicle (BEV) Features
Figure 4. Hybrid Electric Vehicle (HEV) Features
Figure 5. Global Solar Vehicle Market Size Comparison by Application (2023-2033) & (US$ Million)
Figure 6. Global Solar Vehicle Market Share by Application: 2023 VS 2033
Figure 7. Passenger Car Case Studies
Figure 8. Commercial Vehicle Case Studies
Figure 9. Solar Vehicle Report Years Considered
Figure 10. Global Solar Vehicle Market Size (US$ Million), Year-over-Year: 2018-2033
Figure 11. Global Solar Vehicle Market Size, (US$ Million), 2018 VS 2023 VS 2033
Figure 12. Global Solar Vehicle Market Share by Region: 2023 VS 2033
Figure 13. Global Solar Vehicle Market Share by Players in 2023
Figure 14. Global Top Solar Vehicle Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Solar Vehicle as of 2023)
Figure 15. The Top 10 and 5 Players Market Share by Solar Vehicle Revenue in 2023
Figure 16. North America Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 17. North America Solar Vehicle Market Share by Country (2018-2033)
Figure 18. United States Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 19. Canada Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 20. Europe Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 21. Europe Solar Vehicle Market Share by Country (2018-2033)
Figure 22. Germany Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 23. France Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 24. U.K. Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 25. Italy Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 26. Russia Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 27. Nordic Countries Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 28. Asia-Pacific Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 29. Asia-Pacific Solar Vehicle Market Share by Region (2018-2033)
Figure 30. China Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 31. Japan Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 32. South Korea Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 33. Southeast Asia Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 34. India Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 35. Australia Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 36. Latin America Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 37. Latin America Solar Vehicle Market Share by Country (2018-2033)
Figure 38. Mexico Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 39. Brazil Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 40. Middle East & Africa Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 41. Middle East & Africa Solar Vehicle Market Share by Country (2018-2033)
Figure 42. Turkey Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 43. Saudi Arabia Solar Vehicle Market Size YoY Growth (2018-2033) & (US$ Million)
Figure 44. Lightyear Revenue Growth Rate in Solar Vehicle Business (2018-2023)
Figure 45. Volkswagen Revenue Growth Rate in Solar Vehicle Business (2018-2023)
Figure 46. Toyota Revenue Growth Rate in Solar Vehicle Business (2018-2023)
Figure 47. Nissan Revenue Growth Rate in Solar Vehicle Business (2018-2023)
Figure 48. Ford Revenue Growth Rate in Solar Vehicle Business (2018-2023)
Figure 49. General Motors Revenue Growth Rate in Solar Vehicle Business (2018-2023)
Figure 50. Mahindra & Mahindra Revenue Growth Rate in Solar Vehicle Business (2018-2023)
Figure 51. Sono Motors Revenue Growth Rate in Solar Vehicle Business (2018-2023)
Figure 52. Hanergy Thin Film Power Group Revenue Growth Rate in Solar Vehicle Business (2018-2023)
Figure 53. Bottom-up and Top-down Approaches for This Report
Figure 54. Data Triangulation
Figure 55. Key Executives Interviewed

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