Dublin, Dec. 22, 2021 (GLOBE NEWSWIRE) -- The "Global Hybrid Vehicle Market (Value, Volume) - Analysis By Degree of Hybridization (Mild, Micro, Full), Electric Powertrain, Vehicle Type, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Hybrid Vehicle Market was valued at USD 146.34 Billion in the year 2020. Surging global production of Automobile and Consumer Electronic and the increasing incorporation of Hybrid Vehicle are the significant elements stimulating the market expansion. With the increased disposable income in highly populated countries such as China, Japan and India, the adoption of Parallel Electric Powertrain technology has also improved significantly. The advancements in Hybrid vehicles and increased use of electronics devices drive the Hybrid Vehicle market. Furthermore, the increasing penetration of Hybrid vehicles in the Passenger and Commercial vehicle industry and the budding automation in manufacturing industries will further propel the market in the coming years.
The Mild Degree of Hybridization of Hybrid Vehicle witnessed growth at a noteworthy rate over the past few years and in the forecast period due to the imperative role being played because of the factors such as the higher concentration of OEMs and ODMs across industries. During 2021-2026, Hybrid Vehicle Market is anticipated to grow at an increased rate of intensifying government regulations in various parts of the world.
Parallel Electric Powertrain Technology in Hybrid Vehicle is expected to hold a very larger market share of the Hybrid Vehicle Market than other Electric Powertrain in the segment. Moreover, increasing demand for new Electronic Technology in the world has been anticipated to propel thrust in the sales of Hybrid vehicles in the future.
Amongst the regions, Asia Pacific accounts for the largest regional share in the global Hybrid Vehicle market in 2026. Key factors driving the robust growth rate of the Asia Pacific region include rising urban population, disposable income, increasing manufacturing activities in different countries, the rise in the demand for automobile manufacturers to improve quality by eliminating errors and reducing variability for better visibility and assistance is a major factor driving the Hybrid Vehicle market growth in the Asia Pacific Region.
Scope of the Report:
- The report presents the analysis of Hybrid Vehicle Market for the historical period of 2016-2020 and the forecast period of 2021-2026.
- The report analyses the Hybrid Vehicle Market by value (USD Billion).
- The report analyses the Hybrid Vehicle Market by volume (Thousand Units).
- The report provides a comprehensive analysis of the global hybrid vehicle market, segmented by Degree of Hybridization (Mild, Micro, Full), by Electric Powertrain (Parallel, Series), by Vehicle Type (Passenger Vehicle, Commercial Vehicle).
- The major regional markets (America, Asia-Pacific, Europe and Middle East and Africa) have been analysed, along with country coverage of US, Germany and China.
- The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Toyota Motor Corporation, Ford Motor Corporation, Nissan Motor, Honda, Volvo Group, BYD Company Limited, Volkswagen, Renault SA, Hyundai Motor Company, Diamler AG) are also presented in detail.
Key Target Audience:
- Hybrid Vehicle Manufacturers
- Automotive Companies/OEMs
- Component Suppliers
- End Users
- Consulting Firms
- Investment Banks
- Government Bodies & Regulating Authorities
Company Profiles
- Toyota Motor Corporation
- Ford Motor Corporation
- Nissan Motor
- Honda
- Volvo Group
- BYD Company Limited
- Volkswagen
- Renault SA
- Hyundai Motor Company
- Diamler AG
For more information about this report visit https://www.researchandmarkets.com/r/bu52hl
