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EV Plant Construction Market Share

Report ID: GMI10595
Published Date: Aug 2024
Report Format: PDF

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EV Plant Construction Market Share

Bechtel Corporation and Fluor Corporation dominated 10% share of the EV plant construction industry in 2023. Bechtel focuses on forming partnerships with leading EV automakers and battery manufacturers to become the preferred contractor for new plant construction projects. The company is also establishing joint ventures with technology providers and other construction firms to leverage combined expertise and resources.

Fluor Corporation are offering a wide range of services from project planning and design to construction and maintenance, providing a single solution for EV plant construction. Furthermore, the company is implementing digital tools such as Building Information Modeling (BIM), AI-driven project management, and IoT to enhance project efficiency and reduce risks.

EV Plant Construction Market Companies

Major players operating in the market are:

AECOM
Barton Malow
Bechtel Corporation
Fluor Corporation
Jacobs Engineering
Shimizu Corporation
Skanska
Turner Construction
WSP
Yates Construction

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of EV plant construction energy was worth over USD 34.1 billion in 2023 and is expected to register over 9% CAGR from 2024 to 2032, owing to the accelerating demand for Electric Vehicles worldwide.

EV plant construction industry from the assembly plants segment is expected to exceed USD 27 billion by 2032, due to their efficiency in integrating various components into finished vehicles, ensuring quality and managing complex production processes.

Asia Pacific EV plant construction industry held 50% share in 2023 and is expected to register a commendable CAGR from 2024 to 2032, due to the robust and rapidly growing electric vehicle market, driven by strong government incentives and favorable policies supporting EV adoption in the region.

AECOM, Barton Malow, Bechtel Corporation, Fluor Corporation, Jacobs Engineering, Shimizu Corporation, Skanska, Turner Construction, WSP, and Yates Construction, are some of the major EV plant construction companies worldwide.