According to Stratistics MRC, the Global Hybrid Vehicle market is accounted for $68.03 billion in 2017 and is expected to reach $243.20 billion by 2026 growing at a CAGR of 11.2% during the forecast period. Raising discharge Norms, Growing eco-friendly initiatives pertaining to fuel emissions, Optimum Fuel ratio and uninterrupted reduction in battery price. However, increasing vehicle costs and growing demand for BEVs and FCEVs are inhibiting the market growth. Hybrid vehicle is used as diesel-electric or turbo-electric to power railway locomotives, buses, heavy goods vehicles, mobile hydraulic machinery, and ships and mechanical braking energy is regenerated.

On the basis of Powertrain, Parallel hybrid is one of the fastest growing markets in the Hybrid Vehicle Market due to its less complex system and high performance. It is also suitable for long distance travel. Also, the energy conversion losses are minimized in a parallel hybrid as the engine and battery are connected to the motor directly. The regenerative braking system is the most commonly used technology in hybrid vehicles. The use of the regenerative braking system and the lesser cost of micro and mild hybrids compared to PHEVs will boost the demand for parallel hybrids.

By Geography, Asia Pacific is the highest market due to the huge sales volume in Japan and China. Countries are focusing on deploying a large fleet of low-emission vehicles. It is the home for major players in the Hybrid Vehicle Market such as Toyota, Honda, Nissan, Kia, BYD, Hyundai, and others.

Some of the key players are Toyota, Ford, Volvo, Continental, ZF, Daimler, Hyundai, Honda, Schaefler, Borgwarner, Delphi Technologies, and Allison Transmission.

Components Covered:

  • Electric Motor
  • DC Converter
  • AC Converter
  • Battery
  • Transmission

Technologies Covered:

  • Micro Hybrid
  • Mild Hybrids
  • 48 V Li-Ion Battery of Mild Hybrid
  • Full Hybrids
  • Plug-In Hybrids

Electric Powertrains Covered:

  • Series Hybrid
  • Parallel Hybrid

Vehicles Covered:

  • Two Wheeler
  • Passenger Car
  • Commercial Vehicle

Propulsions Covered:

  • Natural gas vehicles (NGV)
  • Hybrid electric vehicle (HEV)
  • Plug in Hybrid Electric Vehicles (PHEV)

Regions Covered:

  • North America
  • ·US
  • ·Canada
  • ·Mexico
  • Europe
  • ·Germany
  • ·UK
  • ·Italy
  • ·France
  • ·Spain
  • ·Rest of Europe
  • Asia Pacific
  • ·Japan
  • ·China
  • ·India
  • ·Australia
  • ·New Zealand
  • ·South Korea
  • ·Rest of Asia Pacific
  • South America
  • ·Argentina
  • ·Brazil
  • ·Chile
  • ·Rest of South America
  • Middle East & Africa
  • ·Saudi Arabia
  • ·UAE
  • ·Qatar
  • ·South Africa
  • ·Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country level segments
  • Market share analysis of the top industry players
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements