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- Global Hybrid Electric Vehicle Market – Size, Outlook, Trends and Forecast (2023 – 2030)
The hybrid electric vehicle is a combination of both the internal combustion engine and an electric propulsion system for heavy acceleration to increase the power of the wheel. It has lower carbon dioxide emissions, uses less gasoline, releases less exhaust into the air, and are considered to have superior performance and fuel economy related to conventional one.
Global Hybrid Electric Vehicle Market Segments Size & Growth:
Global hybrid electric vehicle market volume will be 4,170 thousand units in 2018 and projected to grow with a CAGR of 8.96% during the forecast period 2019-2025 to reach 7,593 thousand units by 2025. Decreasing battery prices, increasing emission norms and optimum fuel efficiency are the factors bolstering the market growth. However, emerging demand for BEVs & FCEVs and high automobile costs are hampering the hybrid electric vehicle market growth. Increasing government initiatives about hybrid vehicles and rising growth-in hybrid electric vehicle markets are providing abundant growth opportunities shortly.
Global Hybrid Electric Vehicle Market Segments Share:
Global hybrid electric vehicle market is categorised by powertrain type which consists of series hybrid and parallel hybrid. A parallel hybrid is leading the global hybrid electric vehicle market and is likely to continue its dominance during the forecast period owing to increasing usage of regenerating braking technology, lowering expenses of a micro and mild hybrid compared to plug-in hybrid electric vehicle and increasing demand for the parallel hybrids. By propulsion, PHEV and HEV segments have substantial growth due to the rapid adoption of mid and large-sized vehicles and increasing technological advancements in the electric infrastructure. By degree of hybridisation, full hybrid vehicle holds the largest market share in the hybrid electric vehicle during the forecast period. This growth is attributed to improving fuel efficiency and decreasing emissions due to the regular technology developments in the market.
By vehicle type, a passenger vehicle is leading the hybrid electric vehicle owing to increasing fuel efficiency & driving range, growing focus of OEMs to reduce CO2 emissions and ease of applications of hybrid electric vehicle technology. By component type, batteries have prominent growth as it stores the electric charge and transfers the charge to the electric motor. Transmission and electric both have considerable growth rate due to decreasing the carbon dioxide emissions by using the electric motor, for charging the vehicle battery and involves all clutches.
By geography, APAC is anticipated to have the major revenue generating areas for hybrid electric vehicle in 2017. This growth is attributed to the increasing government initiatives to decrease the carbon dioxide emissions and the number of major key players existing in this region. North America followed by Europe has moderate growth in the hybrid electric vehicle market due to increasing technological advancements in electrical infrastructure of HEVs.
Global Hybrid Electric Vehicle Market Segments Trends:
- In December 2017, Toyota Corporation and Panasonic company agreed to study the feasibility of joint automotive prismatic battery business for electrified vehicles
- In November 2017, Ford Company released the novel plug-in hybrid electric vehicle for the government customers and police in the U.S.
Global Hybrid Electric Vehicle Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinising the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key Voyage Data Recorder market leaders are:
- BMW AG
- Audi AG
- Chevrolet
- Daimler AG
- Ford Company
- General Motors Company
- Hyundai Company
- Toyota Corporation
Along with these companies, there were many other companies considered/cited in the report while analysing the global hybrid electric vehicle market size. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
CHAPTER 1 INTRODUCTION
1.1. Market Definition
1.2. Executive Summary
1.3. The Scope of the Study
CHAPTER 2 RESEARCH METHODOLOGY
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
CHAPTER 3 MARKET ANALYSIS
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Degree of Competition
3.3. PESTLE Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
CHAPTER 4 MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Increasing emission norms and optimum fuel efficiency
4.1.2. Recurrent declining of battery price
4.2. Market Restraints & Challenges
4.2.1. Emerging demand for BEVs and FCEVs
4.2.2. High automobile costs
4.2.3. Inadequate infrastructure and high deployment costs
4.3. Market Opportunities
4.3.1. Increasing government initiatives relating to hybrid vehicles
4.3.2. Rising growth-in hybrid electric vehicle markets
CHAPTER 5 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY
POWERTRAIN TYPE
5.1. Series Hybrid
5.2. Parallel Hybrid
CHAPTER 6 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY
PROPULSION
6.1. Natural Gas Vehicles (NGV)
6.2. Plug-In Hybrid Electric Vehicle (PHEV)
6.3. Hybrid Electric Vehicle (HEV)
CHAPTER 7 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY DEGREE OF
HYBRIDIZATION
7.1. Full Hybrid Vehicle
7.2. Mild Hybrid
7.3. Micro Hybrid
7.4. Plug – in hybrid
CHAPTER 8 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY VEHICLE
TYPE
8.1. Passenger vehicles
8.2. Commercial vehicles
8.3. Two-Wheeler
CHAPTER 9 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY
COMPONENT TYPE
9.1. Battery
9.2. Transmission
9.3. Electric Motor
9.3.1. DC/DC Converter
9.3.2. DC/AC Converter
CHAPTER 10 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY
GEOGRAPHY
10.1. Introduction
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.2.4. Costa Rica
10.3. South America
10.3.1. Brazil
10.3.2. Argentina
10.3.3. Chile
10.3.4. Columbia
10.3.5. Others
10.4. Europe
10.4.1. U.K.
10.4.2. Germany
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Russia
10.4.7. Netherlands
10.4.8. Switzerland
10.4.9. Poland
10.4.10. Others
10.5. APAC
10.5.1. China
10.5.2. Japan
10.5.3. India
10.5.4. South Korea
10.5.5. Australia & New Zealand
10.5.6. Malaysia
10.7. Singapore
10.8. Others
10.6. Middle East & Africa
10.6.1. UAE
10.6.2. Saudi Arabia
10.6.3. Iran
10.6.4. Iraq
10.6.5. Qatar
10.6.6. South Africa
10.6.7. Algeria
10.6.8. Morocco
10.6.9. Nigeria
10.6.10. Egypt
10.6.11. Others
CHAPTER 11 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – COMPANY
PROFILES
11.1. BMW AG
11.2. Audi AG
11.3. Chevrolet
11.4. Daimler AG
11.5. Ford Company
11.6. Volvo Car Corporation
11.7. Hyundai Company
11.8. Jaguar Land Rover PLC
11.9. Mahindra & Mahindra Ltd
11.10. Mazda Corporation
11.11. Nissan Motor Co, Ltd.
11.12. Porsche AG
11.13. Suzuki Corporation
11.14. Toyota Corporation
11.15. Volkswagen
CHAPTER 12 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – COMPETITIVE
LANDSCAPE
12.1. Market Share Analysis
12.2. Strategies adopted by top companies
12.3. Mergers, Acquisitions, Collaborations & Agreements
CHAPTER 13 MARKET INSIGHTS
13.1. Industry Experts Insights
13.2. Analysts Opinions
13.3. Investment Opportunities
CHAPTER 14 APPENDIX
14.1. List of Tables
14.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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The hybrid electric vehicle is a combination of both the internal combustion engine and an electric propulsion system for heavy acceleration to increase the power of the wheel. It has lower carbon dioxide emissions, uses less gasoline, releases less exhaust into the air, and are considered to have superior performance and fuel economy related to conventional one.
Global Hybrid Electric Vehicle Market Segments Size & Growth:
Global hybrid electric vehicle market volume will be 4,170 thousand units in 2018 and projected to grow with a CAGR of 8.96% during the forecast period 2019-2025 to reach 7,593 thousand units by 2025. Decreasing battery prices, increasing emission norms and optimum fuel efficiency are the factors bolstering the market growth. However, emerging demand for BEVs & FCEVs and high automobile costs are hampering the hybrid electric vehicle market growth. Increasing government initiatives about hybrid vehicles and rising growth-in hybrid electric vehicle markets are providing abundant growth opportunities shortly.
Global Hybrid Electric Vehicle Market Segments Share:
Global hybrid electric vehicle market is categorised by powertrain type which consists of series hybrid and parallel hybrid. A parallel hybrid is leading the global hybrid electric vehicle market and is likely to continue its dominance during the forecast period owing to increasing usage of regenerating braking technology, lowering expenses of a micro and mild hybrid compared to plug-in hybrid electric vehicle and increasing demand for the parallel hybrids. By propulsion, PHEV and HEV segments have substantial growth due to the rapid adoption of mid and large-sized vehicles and increasing technological advancements in the electric infrastructure. By degree of hybridisation, full hybrid vehicle holds the largest market share in the hybrid electric vehicle during the forecast period. This growth is attributed to improving fuel efficiency and decreasing emissions due to the regular technology developments in the market.
By vehicle type, a passenger vehicle is leading the hybrid electric vehicle owing to increasing fuel efficiency & driving range, growing focus of OEMs to reduce CO2 emissions and ease of applications of hybrid electric vehicle technology. By component type, batteries have prominent growth as it stores the electric charge and transfers the charge to the electric motor. Transmission and electric both have considerable growth rate due to decreasing the carbon dioxide emissions by using the electric motor, for charging the vehicle battery and involves all clutches.
By geography, APAC is anticipated to have the major revenue generating areas for hybrid electric vehicle in 2017. This growth is attributed to the increasing government initiatives to decrease the carbon dioxide emissions and the number of major key players existing in this region. North America followed by Europe has moderate growth in the hybrid electric vehicle market due to increasing technological advancements in electrical infrastructure of HEVs.
Global Hybrid Electric Vehicle Market Segments Trends:
- In December 2017, Toyota Corporation and Panasonic company agreed to study the feasibility of joint automotive prismatic battery business for electrified vehicles
- In November 2017, Ford Company released the novel plug-in hybrid electric vehicle for the government customers and police in the U.S.
Global Hybrid Electric Vehicle Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinising the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key Voyage Data Recorder market leaders are:
- BMW AG
- Audi AG
- Chevrolet
- Daimler AG
- Ford Company
- General Motors Company
- Hyundai Company
- Toyota Corporation
Along with these companies, there were many other companies considered/cited in the report while analysing the global hybrid electric vehicle market size. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
CHAPTER 1 INTRODUCTION
1.1. Market Definition
1.2. Executive Summary
1.3. The Scope of the Study
CHAPTER 2 RESEARCH METHODOLOGY
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
CHAPTER 3 MARKET ANALYSIS
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Degree of Competition
3.3. PESTLE Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
CHAPTER 4 MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Increasing emission norms and optimum fuel efficiency
4.1.2. Recurrent declining of battery price
4.2. Market Restraints & Challenges
4.2.1. Emerging demand for BEVs and FCEVs
4.2.2. High automobile costs
4.2.3. Inadequate infrastructure and high deployment costs
4.3. Market Opportunities
4.3.1. Increasing government initiatives relating to hybrid vehicles
4.3.2. Rising growth-in hybrid electric vehicle markets
CHAPTER 5 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY
POWERTRAIN TYPE
5.1. Series Hybrid
5.2. Parallel Hybrid
CHAPTER 6 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY
PROPULSION
6.1. Natural Gas Vehicles (NGV)
6.2. Plug-In Hybrid Electric Vehicle (PHEV)
6.3. Hybrid Electric Vehicle (HEV)
CHAPTER 7 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY DEGREE OF
HYBRIDIZATION
7.1. Full Hybrid Vehicle
7.2. Mild Hybrid
7.3. Micro Hybrid
7.4. Plug – in hybrid
CHAPTER 8 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY VEHICLE
TYPE
8.1. Passenger vehicles
8.2. Commercial vehicles
8.3. Two-Wheeler
CHAPTER 9 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY
COMPONENT TYPE
9.1. Battery
9.2. Transmission
9.3. Electric Motor
9.3.1. DC/DC Converter
9.3.2. DC/AC Converter
CHAPTER 10 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – BY
GEOGRAPHY
10.1. Introduction
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.2.4. Costa Rica
10.3. South America
10.3.1. Brazil
10.3.2. Argentina
10.3.3. Chile
10.3.4. Columbia
10.3.5. Others
10.4. Europe
10.4.1. U.K.
10.4.2. Germany
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Russia
10.4.7. Netherlands
10.4.8. Switzerland
10.4.9. Poland
10.4.10. Others
10.5. APAC
10.5.1. China
10.5.2. Japan
10.5.3. India
10.5.4. South Korea
10.5.5. Australia & New Zealand
10.5.6. Malaysia
10.7. Singapore
10.8. Others
10.6. Middle East & Africa
10.6.1. UAE
10.6.2. Saudi Arabia
10.6.3. Iran
10.6.4. Iraq
10.6.5. Qatar
10.6.6. South Africa
10.6.7. Algeria
10.6.8. Morocco
10.6.9. Nigeria
10.6.10. Egypt
10.6.11. Others
CHAPTER 11 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – COMPANY
PROFILES
11.1. BMW AG
11.2. Audi AG
11.3. Chevrolet
11.4. Daimler AG
11.5. Ford Company
11.6. Volvo Car Corporation
11.7. Hyundai Company
11.8. Jaguar Land Rover PLC
11.9. Mahindra & Mahindra Ltd
11.10. Mazda Corporation
11.11. Nissan Motor Co, Ltd.
11.12. Porsche AG
11.13. Suzuki Corporation
11.14. Toyota Corporation
11.15. Volkswagen
CHAPTER 12 GLOBAL HYBRID ELECTRIC VEHICLE MARKET – COMPETITIVE
LANDSCAPE
12.1. Market Share Analysis
12.2. Strategies adopted by top companies
12.3. Mergers, Acquisitions, Collaborations & Agreements
CHAPTER 13 MARKET INSIGHTS
13.1. Industry Experts Insights
13.2. Analysts Opinions
13.3. Investment Opportunities
CHAPTER 14 APPENDIX
14.1. List of Tables
14.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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