AUTOMOTIVE & TRANSPORTATION
Global Hybrid Vehicles Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Hybrid Vehicles Market, By Electric Powertrain (Parallel Hybrid and Series Hybrid), Component Type (Battery, Electric Motor, and Transmission), Propulsion (HEV, PHEV, and NGV), Degree of Hybridization (Full Hybrid, Micro-Hybrid, and Mild Hybrid), Vehicle Type (Passenger Car and Commercial Vehicle), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global Hybrid Vehicles market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Hybrid vehicles are automobiles that utilize a combination of two or more distinct power sources to propel the vehicle. Typically, this involves an internal combustion engine (usually gasoline or diesel) paired with an electric motor and a battery pack. Hybrid vehicles aim to achieve improved fuel efficiency, reduced emissions, and enhanced overall performance compared to conventional gasoline or diesel-powered vehicles.
The global hybrid vehicles market refers to the industry segment focused on hybrid vehicles, in specific terms, vehicles that integrate both internal combustion engines and electric motors powered by onboard batteries.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Increasing emission norms
- Fuel efficiency and cost savings
RESTRAINTS
- Rising demand for BEVs and FCEVs
- High vehicle cost
OPPORTUNITIES
- Growth in developing markets
- Urbanization and sustainable mobility
CHALLENGES
- Competitive landscape and innovation
- Maintenance and service
SEGMENTATION
- Electric Powertrain
- Parallel Hybrid
- Series Hybrid
- Component Type
- Battery
- Electric Motor
- Transmission
- Propulsion
- HEV
- PHEV
- NGV
- Degree of Hybridization
- Full Hybrid
- Micro-Hybrid
- Mild Hybrid
- Vehicle Type
- Passenger Car
- Commercial Vehicle
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Delphi
- Nissan
- Allison Transmission
- Hyundai
- Honda
- Volvo
- Ford
- Toyota
- BorgWarner
- Daimler
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Hybrid Vehicles Market, by Electric Powertrain
- 3.2 Global Hybrid Vehicles Market, by Component Type
- 3.3 Global Hybrid Vehicles Market, by Propulsion
- 3.4 Global Hybrid Vehicles Market, by Degree of Hybridization
- 3.5 Global Hybrid Vehicles Market, by Vehicle Type
- 3.6 Global Hybrid Vehicles Market, by Geography
- 3.7 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Advancements in hybrid technology
- 5.1.2 Increasing electric range
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Increasing emission norms
- 5.2.2 Fuel efficiency and cost savings
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Rising demand for BEVs and FCEVs
- 5.3.2 High vehicle cost
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growth in developing markets
- 5.4.2 Urbanization and sustainable mobility
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Competitive landscape and innovation
- 5.5.2 Maintenance and service
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL HYBRID VEHICLES MARKET, BY ELECTRIC POWERTRAIN
- 6.1 Electric Powertrain Summary
- 6.2 Market Attractive Index
- 6.3 Global Hybrid Vehicles Market, by Electric Powertrain (2019-2032)
- SECTION 7 - GLOBAL HYBRID VEHICLES MARKET, BY COMPONENT TYPE
- 7.1 Component Type Summary
- 7.2 Market Attractive Index
- 7.3 Global Hybrid Vehicles Market, by Component Type (2019-2032)
- SECTION 8 - GLOBAL HYBRID VEHICLES MARKET, BY PROPULSION
- 8.1 Propulsion Summary
- 8.2 Market Attractive Index
- 8.3 Global Hybrid Vehicles Market, by Propulsion (2019-2032)
- SECTION 9 - GLOBAL HYBRID VEHICLES MARKET, BY DEGREE OF HYBRIDIZATION
- 9.1 Degree of Hybridization Summary
- 9.2 Market Attractive Index
- 9.3 Global Hybrid Vehicles Market, by Degree of Hybridization (2019-2032)
- SECTION 10 - GLOBAL HYBRID VEHICLES MARKET, BY VEHICLE TYPE
- 10.1 Vehicle Type Summary
- 10.2 Market Attractive Index
- 10.3 Global Hybrid Vehicles Market, by Vehicle Type (2019-2032)
- SECTION 11 - GLOBAL HYBRID VEHICLES MARKET, BY GEOGRAPHY
- 11.1 Regional Summary
- 11.2 Market Attractive Index
- 11.3 Global Hybrid Vehicles Market, by Geography (2019-2032)
- SECTION 12 - NORTH AMERICA HYBRID VEHICLES MARKET
- 12.1 North America Summary
- 12.2 Market Attractive Index
- 12.3 North America Hybrid Vehicles Market, by Electric Powertrain (2019-2032)
- 12.4 North America Hybrid Vehicles Market, by Component Type (2019-2032)
- 12.5 North America Hybrid Vehicles Market, by Propulsion (2019-2032)
- 12.6 North America Hybrid Vehicles Market, by Degree of Hybridization (2019-2032)
- 12.7 North America Hybrid Vehicles Market, by Vehicle Type (2019-2032)
- 12.8 North America Hybrid Vehicles Market, by Country (2019-2032)
- 12.8.1 U.S.
- 12.8.2 Canada
- 12.8.3 Mexico
- 12.8.4 Rest of North America
- SECTION 13 - EUROPE HYBRID VEHICLES MARKET
- 13.1 Europe Summary
- 13.2 Market Attractive Index
- 13.3 Europe Hybrid Vehicles Market, by Electric Powertrain (2019-2032)
- 13.4 Europe Hybrid Vehicles Market, by Component Type (2019-2032)
- 13.5 Europe Hybrid Vehicles Market, by Propulsion (2019-2032)
- 13.6 Europe Hybrid Vehicles Market, by Degree of Hybridization (2019-2032)
- 13.7 Europe Hybrid Vehicles Market, by Vehicle Type (2019-2032)
- 13.8 Europe Hybrid Vehicles Market, by Country (2019-2032)
- 13.8.1 Germany
- 13.8.2 U.K.
- 13.8.3 France
- 13.8.4 Italy
- 13.8.5 Spain
- 13.8.6 Russia
- 13.8.7 The Netherlands
- 13.8.8 Belgium
- 13.8.9 Turkey
- 13.8.10 Rest of Europe
- SECTION 14 - ASIA-PACIFIC HYBRID VEHICLES MARKET
- 14.1 Asia-Pacific Summary
- 14.2 Market Attractive Index
- 14.3 Asia-Pacific Hybrid Vehicles Market, by Electric Powertrain (2019-2032)
- 14.4 Asia-Pacific Hybrid Vehicles Market, by Component Type (2019-2032)
- 14.5 Asia-Pacific Hybrid Vehicles Market, by Propulsion (2019-2032)
- 14.6 Asia-Pacific Hybrid Vehicles Market, by Degree of Hybridization (2019-2032)
- 14.7 Asia-Pacific Hybrid Vehicles Market, by Vehicle Type (2019-2032)
- 14.8 Asia-Pacific Hybrid Vehicles Market, by Country (2019-2032)
- 14.8.1 China
- 14.8.2 India
- 14.8.3 Japan
- 14.8.4 South Korea
- 14.8.5 Singapore
- 14.8.6 Malaysia
- 14.8.7 Australia
- 14.8.8 Thailand
- 14.8.9 Philippines
- 14.8.10 Rest of Asia-Pacific
- SECTION 15 - SOUTH AMERICA HYBRID VEHICLES MARKET
- 15.1 South America Summary
- 15.2 Market Attractive Index
- 15.3 South America Hybrid Vehicles Market, by Electric Powertrain (2019-2032)
- 15.4 South America Hybrid Vehicles Market, by Component Type (2019-2032)
- 15.5 South America Hybrid Vehicles Market, by Propulsion (2019-2032)
- 15.6 South America Hybrid Vehicles Market, by Degree of Hybridization (2019-2032)
- 15.7 South America Hybrid Vehicles Market, by Vehicle Type (2019-2032)
- 15.8 South America Hybrid Vehicles Market, by Country (2019-2032)
- 15.8.1 Brazil
- 15.8.2 Argentina
- 15.8.3 Chile
- 15.8.4 Colombia
- 15.8.5 Rest of South America
- SECTION 16 - MIDDLE EAST AND AFRICA HYBRID VEHICLES MARKET
- 16.1 Middle East and Africa Summary
- 16.2 Market Attractive Index
- 16.3 Middle East and Africa Hybrid Vehicles Market, by Electric Powertrain (2019-2032)
- 16.4 Middle East and Africa Hybrid Vehicles Market, by Component Type (2019-2032)
- 16.5 Middle East and Africa Hybrid Vehicles Market, by Propulsion (2019-2032)
- 16.6 Middle East and Africa Hybrid Vehicles Market, by Degree of Hybridization (2019-2032)
- 16.7 Middle East and Africa Hybrid Vehicles Market, by Vehicle Type (2019-2032)
- 16.8 Middle East and Africa Hybrid Vehicles Market, by Country (2019-2032)
- 16.8.1 Kingdom of Saudi Arabia
- 16.8.2 South Africa
- 16.8.3 U.A.E.
- 16.8.4 Egypt
- 16.8.5 Rest of Middle East and Africa
- SECTION 17 - COMPANY SHARE ANALYSIS
- 17.1 Global Hybrid Vehicles Market, Company Share Analysis
- 17.2 North America Hybrid Vehicles Market, Company Share Analysis
- 17.3 Europe Hybrid Vehicles Market, Company Share Analysis
- 17.4 Asia-Pacific Hybrid Vehicles Market, Company Share Analysis
- SECTION 18 - COMPANY PROFILES
- 18.1 Delphi
- 18.1.1 Company Snapshot
- 18.1.2 Financial Overview
- 18.1.3 Product Portfolio
- 18.1.4 Recent Developments
- 18.2 Nissan
- 18.2.1 Company Snapshot
- 18.2.2 Financial Overview
- 18.2.3 Product Portfolio
- 18.2.4 Recent Developments
- 18.3 Allison Transmission
- 18.3.1 Company Snapshot
- 18.3.2 Financial Overview
- 18.3.3 Product Portfolio
- 18.3.4 Recent Developments
- 18.4 Hyundai
- 18.4.1 Company Snapshot
- 18.4.2 Financial Overview
- 18.4.3 Product Portfolio
- 18.4.4 Recent Developments
- 18.5 Honda
- 18.5.1 Company Snapshot
- 18.5.2 Financial Overview
- 18.5.3 Product Portfolio
- 18.5.4 Recent Developments
- 18.6 Volvo
- 18.6.1 Company Snapshot
- 18.6.2 Financial Overview
- 18.6.3 Product Portfolio
- 18.6.4 Recent Developments
- 18.7 Ford
- 18.7.1 Company Snapshot
- 18.7.2 Financial Overview
- 18.7.3 Product Portfolio
- 18.7.4 Recent Developments
- 18.8 Toyota
- 18.8.1 Company Snapshot
- 18.8.2 Financial Overview
- 18.8.3 Product Portfolio
- 18.8.4 Recent Developments
- 18.9 BorgWarner
- 18.9.1 Company Snapshot
- 18.9.2 Financial Overview
- 18.9.3 Product Portfolio
- 18.9.4 Recent Developments
- 18.10 Daimler
- 18.10.1 Company Snapshot
- 18.10.2 Financial Overview
- 18.10.3 Product Portfolio
- 18.10.4 Recent Developments
- SECTION 19 - RELATED REPORTS
- SECTION 20 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.