Global Used EV Market Outlook

The Used Electric Vehicles Market worldwide is valued to be around US$ 17,890.5 million this year and is anticipated to register a CAGR of 8.4% over the forecast years. As per the global used EV market analysis report, the net worth of the market would be reaching US$ 40,078.9 million by 2033.

The market for alternative fuel cars has become more accessible due to the negative climatic effects of conventional gasoline automobiles and the rise in petrol prices. Customers are more likely to choose hybrid or battery-powered cars, which would be expected to drive the industry including used EVs.

The increasing viability and affordability of pre-owned electric vehicles have rendered the market visible and striking for the market analysts in recent years. Moreover, the release and popularity of high-end models of HEVs and PHEVs are anticipated to retain the value better than the BEVs. Also, the extra subsidies and discounts that purchasers may take advantage of to reach a win-win deal has pushed the market further.

The performance and depreciation of EV components, such as battery, motor, etc. also have contribution in the success of the global used EV market. One typical electric vehicle battery pack's lifespan is estimated by user reviews to be roughly around 320,000 kilometers. Some market players claim that a well maintained EV battery would survive for well over 160,000 kilometers before its capacity dries down. With this kind of durability, a used EV can end up being much more valuable than new ones if bought at a reasonable price.

Attributes Details
Used EV Market Share (2022) US$ 16,428.4 million
Used EV Market Size Value (2023) US$ 17,890.5 million
Used EV Market Size Value (2033) US$ 40,078.9 million
Used EV Market Growth Rate (2023 to 2033) 8.4%

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Global Used EV Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

In comparison to the global electric vehicles market, the used EVs market is at a very initial stage of establishment and development. As per the used EV market survey report of 2018, the total valuation of the market then was a mere US$ 13,362.3 million.

In the following years, the sales of all types of EVs skyrocketed and the sales of used EVs witnessed a growth rate of 5.3% until 2022. In spite of witnessing a major setback during the pandemic years, the global used EV market reached US$ 16,428.4 million by the year 2022.

In fact, the outbreak of Covid-19 has motivated many to adopt personal vehicles that are reflected in the increased sales of EVs and used EVs. Other than that, the rising fuel prices have also resulted in higher demand for battery-operated vehicles indirectly supporting the used EV market.

Major Driving Factors that have Set the Trend for Sales of Used Electric Vehicles around the world

There are also huge subsidies available for pre-owned electric vehicle purchases depending on the place of origin and resale. For instance, the used EV buyers in San Mateo County may be eligible for a $4,000 relaxation provided by the administration. Likewise, the California Clean Vehicle Rebate Project lists other refunds that may be available based on your area of residence.

Concerns over the quality and lifetime of a used EV might remain a major hindrance to the growth and expansion of the market. In emerging economies individuals tend to have a less common understanding of EVs than conventional vehicles. However, this scenario is changing as more people are getting interested in unconventional modes of transportation.

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Nikhil Kaitwade

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Category-wise Insights

Due to rising sales and demand for electric passenger cars around the world, the passenger car category held a market share of nearly 60% in 2022 and the preceding years.

Battery Operated Electric Vehicles Dominate both the New and Used EV Market Sector

Based on all regional market survey reports obtained by FMI, the battery operated electric vehicles now dominate the overall market. The net worth of all the pre-owned BEVs resold globally in the year 2022 was about US$ 7984.2 million. With a market share of nearly 48.6% in terms of sales of used electric vehicles, the BEV sector led the overall market.

However, the popularity of hybrid electric cars is growing rapidly in both new and used electric vehicle markets in all countries. HEV offers both the choice of fuel-based and electric driving, especially in areas with a lack of readily available charging infrastructure. So, over the coming years, this segment is expected to grow at a faster rate and overtake the BEV segment soon. Additionally, the PHEV market segment is expanding steadily, due to plug-in vehicles' falling pricing and the introduction of attractive models in the market.

Comparative View of Adjacent Used EV Market

Used EV Market:

Attributes Used EV Market
CAGR (2023 to 2033) 8.4%
Market Value (2023) US$ 17,890.5 million
Growth Factor Adoption of used electric vehicles by the commercial fleet owners to manage their budget
Future Opportunities Tight regulations are getting placed in many cities that only permit automobiles without emissions.
Market Trends Used EV dealers are providing insurance and other services to win customers' trust

EV Tires Market:

Attributes EV Tires Market
CAGR (2023 to 2033) 26.6%
Market Value (2023) US$ 9,444.1million
Growth Factor Battery-powered cars are becoming more and more popular to reduce noise and ecological harm
Future Opportunities Improving performance and reliability of EV tires has started its use in ICE vehicles
Market Trends Long-term engagement with prominent and approved EV manufacturers

Diagnostic Tools for EVs Market:

Attributes Diagnostic Tools for EVs Market
CAGR (2023 to 2033) 12.8%
Market Value (2023) US$ 1,628.1million
Growth Factor Enhancing current EV users technical ability and skill to manage minor repairs
Future Opportunities Leveraging existing technologies to more properly and exactly identify any issues in electric vehicles
Market Trends Offering of guaranteed post-purchase support by market participants for diagnostic tools

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Country-wise Insights

The Demand for Used EVs in the United States to Grow at a Slower Pace

Due to ongoing advancements in EV batteries, the load capacity of electric commercial vehicles has increased significantly making it affordable for fleet owners. So the demand for used EVs in the United States is expected to witness positive growth in the coming days.

Presently, the United States captures 8.7% of the global used EV market share and generated a revenue of US$ 1,429.3 million in 2022. The DOE's ongoing efforts to construct fast-charging facilities to accommodate the increasing number of EVs in the country can be blamed for this increase.

Europe Used EV Car Market to be Driven by the United Kingdom

As per the experts, Europe is believed to take center stage in setting the global trend for all types of markets related to sustainable development. The European countries' initiatives to cut carbon emissions have been a key driver of the EV market's expansion across the whole of Europe. The United Kingdom, Germany, and France are some of the key nations that support the growing trend of sales of used EVs.

Based on the global used EV market survey figures, Germany is the leading market in Europe for sales of used EVs. The net value of all-electric vehicles resold only in Germany was US$ 2,217.8 million back in the year 2022. And this sum is nearly 13.5% of the revenue generated by the global market which makes it the leading market of all.

Meanwhile, the United Kingdom region has shown some exceptional growth rate in demand for used EVs in the last few years. Currently, it is experiencing a growth rate of 12.6% that is projected to propel the market for the next ten years also.

China and Japan to Become Leading Markets for Used EV Car Market

In terms of sales of used EVs and other vehicles, China makes up the greatest percentage in comparison to any other country in the Asia Pacific. Furthermore, China used EV market is anticipated to develop at a faster rate than the United States and compete with it.

As per the market survey report released by FMI, the demand for used EVs in China is projected to grow by 9.8% through 2033. Given the presence of many OEMs and electric auto companies in China, used EVs are getting adopted there at a rapid pace. Owing to the rising demand for electric passenger vehicles in Asia it is anticipated to have substantial development in the used EV market as well.

Japan is a major contender of China for demand and sales of used electric vehicles in the Asia Pacific region. As per the figures obtained from the market survey report, the total sales of used EVs in Japan was US$ 575 million in 2022.

Sales of Used EVs in India to be Promoted by Government

The predicted used EV market growth rate in India is less than expected due to a shortage of funding and charging points. Furthermore, it has been noted that the less developed nations are definitely far behind in terms of EVs which has limited the used EV market.

However, the country is observed to be registering a sturdy growth rate over these years and may register a CAGR of 9.8% through 2033. As states seek to set up a network of charging points the demand for pre-owned BEVs is poised to witness a positive trend.

Provisioning of After-sale Services to be the Major Strategy for Prominent Used EV Dealers

The overall used EV market is at an initial stage in many countries so is concentrated in some of the developed economies. It is also predicted that the used commercial EV market segment would give rise to many new market players in the upcoming years.

By July 2021, used or pre-owned electric vehicles (EVs) outsold both ICE and hybrid electric cars, as per the survey by the auto industry website Jalopnik. Among the three bestselling models were the Tesla Model 3, Chevy Bolt, and Tesla Model S. These models often sell in less than 2 weeks compared to the typical time of more than 3 weeks for other automobiles.

Recently released Tesla models could still be beyond many people's price range, yet there are still plenty of options on the market right now for around $15,000. The famous Nissan Leaf, Kia Soul EV, Ford Focus Electric, and Volkswagen E-Golf are just a few on MyEV.com's extensive list of the finest budget-friendly options.

Keeping a comprehensive report on an EV's battery health by the service or maintenance department is expected to remain a crucial factor in EV dealerships. So providing enough facilities by market players to fully charge the EV before buying can go a long way toward their success.

Key Players Profiled in the Used EV Market Report

  • Audi AG
  • BMW AG
  • Hyundai Motor India
  • Jaguar Land Rover Limited
  • Mahindra and Mahindra Ltd
  • Mercedes-benz AG
  • MG Motor India PVT. Ltd.
  • Olectra Greentech Limited
  • Tata Motors
  • Toyata Motor Cotporation

Key Segments of Global Used EV Market

By Propulsion Type:

  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-in Hybrid Electric Vehicles (PEV)
  • Fuel Cell Electric Vehicles (FCEV)

By Vehicle Type:

  • Two-wheelers
  • Passenger Cars
  • Commercial Vehicles
  • Others

By Vehicle Drive Type:

  • Front Wheel Drive Electric Vehicles
  • Rear Wheel Drive Electric Vehicles
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

What will be the Global Used EV Market Size Value in Ten Years?

The net worth of the global used EV market could reach US$ 40,078.9 million by 2033 end.

How is the Used EV Market Doing in the United States?

Presently, the United States has acquired only 8.7% of the global used EV market share.

Why Asia Pacific is Considered a Profitable Market for Used EV Market Players?

Asia is emerging as an electric vehicle hub with China to follow a CAGR of 9.8% through 2033.

Which is the Key Segment for the Used EV Market?

The sales of battery operated EVs generated a revenue of almost US$ 7,984.2 million in 2022.

What is the Major Challenge Faced by Used EV Sellers?

Lack of sufficient fast charging infrastructure is a pertaining challenge.

Table of Content

1. Executive Summary | Used EV Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Propulsion Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Propulsion Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Propulsion Type, 2023 to 2033

        5.3.1. Battery Electric Vehicles

        5.3.2. Plug-In Hybrid Electric Vehicles

        5.3.3. Hybrid Electric Vehicles

    5.4. Y-o-Y Growth Trend Analysis By Propulsion Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Propulsion Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2023 to 2033

        6.3.1. Two-Wheelers

        6.3.2. Passenger Cars

        6.3.3. Commercial Vehicles

    6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Drive Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Drive Type, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Drive Type, 2023 to 2033

        7.3.1. Front Wheel Drive

        7.3.2. Rear Wheel Drive

    7.4. Y-o-Y Growth Trend Analysis By Vehicle Drive Type, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Vehicle Drive Type, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. Asia Pacific

        8.3.5. MEA

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. USA

            9.2.1.2. Canada

        9.2.2. By Propulsion Type

        9.2.3. By Vehicle Type

        9.2.4. By Vehicle Drive Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Propulsion Type

        9.3.3. By Vehicle Type

        9.3.4. By Vehicle Drive Type

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Propulsion Type

        10.2.3. By Vehicle Type

        10.2.4. By Vehicle Drive Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Propulsion Type

        10.3.3. By Vehicle Type

        10.3.4. By Vehicle Drive Type

    10.4. Key Takeaways

11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Propulsion Type

        11.2.3. By Vehicle Type

        11.2.4. By Vehicle Drive Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Propulsion Type

        11.3.3. By Vehicle Type

        11.3.4. By Vehicle Drive Type

    11.4. Key Takeaways

12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. China

            12.2.1.2. Japan

            12.2.1.3. South Korea

            12.2.1.4. Singapore

            12.2.1.5. Thailand

            12.2.1.6. Indonesia

            12.2.1.7. Australia

            12.2.1.8. New Zealand

            12.2.1.9. Rest of Asia Pacific

        12.2.2. By Propulsion Type

        12.2.3. By Vehicle Type

        12.2.4. By Vehicle Drive Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Propulsion Type

        12.3.3. By Vehicle Type

        12.3.4. By Vehicle Drive Type

    12.4. Key Takeaways

13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. South Africa

            13.2.1.3. Israel

            13.2.1.4. Rest of MEA

        13.2.2. By Propulsion Type

        13.2.3. By Vehicle Type

        13.2.4. By Vehicle Drive Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Propulsion Type

        13.3.3. By Vehicle Type

        13.3.4. By Vehicle Drive Type

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. USA

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2022

            14.1.2.1. By Propulsion Type

            14.1.2.2. By Vehicle Type

            14.1.2.3. By Vehicle Drive Type

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2022

            14.2.2.1. By Propulsion Type

            14.2.2.2. By Vehicle Type

            14.2.2.3. By Vehicle Drive Type

    14.3. Brazil

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2022

            14.3.2.1. By Propulsion Type

            14.3.2.2. By Vehicle Type

            14.3.2.3. By Vehicle Drive Type

    14.4. Mexico

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2022

            14.4.2.1. By Propulsion Type

            14.4.2.2. By Vehicle Type

            14.4.2.3. By Vehicle Drive Type

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2022

            14.5.2.1. By Propulsion Type

            14.5.2.2. By Vehicle Type

            14.5.2.3. By Vehicle Drive Type

    14.6. United Kingdom

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2022

            14.6.2.1. By Propulsion Type

            14.6.2.2. By Vehicle Type

            14.6.2.3. By Vehicle Drive Type

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2022

            14.7.2.1. By Propulsion Type

            14.7.2.2. By Vehicle Type

            14.7.2.3. By Vehicle Drive Type

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2022

            14.8.2.1. By Propulsion Type

            14.8.2.2. By Vehicle Type

            14.8.2.3. By Vehicle Drive Type

    14.9. Italy

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2022

            14.9.2.1. By Propulsion Type

            14.9.2.2. By Vehicle Type

            14.9.2.3. By Vehicle Drive Type

    14.10. China

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2022

            14.10.2.1. By Propulsion Type

            14.10.2.2. By Vehicle Type

            14.10.2.3. By Vehicle Drive Type

    14.11. Japan

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2022

            14.11.2.1. By Propulsion Type

            14.11.2.2. By Vehicle Type

            14.11.2.3. By Vehicle Drive Type

    14.12. South Korea

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2022

            14.12.2.1. By Propulsion Type

            14.12.2.2. By Vehicle Type

            14.12.2.3. By Vehicle Drive Type

    14.13. Singapore

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2022

            14.13.2.1. By Propulsion Type

            14.13.2.2. By Vehicle Type

            14.13.2.3. By Vehicle Drive Type

    14.14. Thailand

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2022

            14.14.2.1. By Propulsion Type

            14.14.2.2. By Vehicle Type

            14.14.2.3. By Vehicle Drive Type

    14.15. Indonesia

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2022

            14.15.2.1. By Propulsion Type

            14.15.2.2. By Vehicle Type

            14.15.2.3. By Vehicle Drive Type

    14.16. Australia

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2022

            14.16.2.1. By Propulsion Type

            14.16.2.2. By Vehicle Type

            14.16.2.3. By Vehicle Drive Type

    14.17. New Zealand

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2022

            14.17.2.1. By Propulsion Type

            14.17.2.2. By Vehicle Type

            14.17.2.3. By Vehicle Drive Type

    14.18. GCC Countries

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2022

            14.18.2.1. By Propulsion Type

            14.18.2.2. By Vehicle Type

            14.18.2.3. By Vehicle Drive Type

    14.19. South Africa

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2022

            14.19.2.1. By Propulsion Type

            14.19.2.2. By Vehicle Type

            14.19.2.3. By Vehicle Drive Type

    14.20. Israel

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2022

            14.20.2.1. By Propulsion Type

            14.20.2.2. By Vehicle Type

            14.20.2.3. By Vehicle Drive Type

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Propulsion Type

        15.3.3. By Vehicle Type

        15.3.4. By Vehicle Drive Type

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Mahindra & Mahindra Ltd

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. CARS24

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. Droom

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Edmuds

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. Hyundai

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Maruti Suzuki

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. Caragencia

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Electric Autonomy Canada

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. CarTrade

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. Bristol Street Motors

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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