Pune, India, Dec. 09, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global hybrid vehicle market share was worth USD 146.34 billion in 2020 and is anticipated to grow significantly during 2021-2026.
Further, the report talks about the various segmentations and their impact on the profitability graph of this industry vertical. A granular examination of the major regions namely Europe, Americas, and Asia Pacific, unveils top prospects for investments. Lastly, it presents a 360-degree outlook of the key industry players in terms of their product/service portfolio, financials, and crucial expansion strategies.
Increasing worldwide production of automobile, rising disposable income in densely populated countries like China and India, and inclination towards hybrid vehicles with rapid adoption of parallel electric powertrain technology are augmenting industry outlook.
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In addition, advancements in hybrid vehicle design, high usage of electronic devices, and surging penetration of hybrid vehicles in passenger and commercial automobile verticals are adding momentum to industry progression. Besides, growing automation in manufacturing industries is positively swaying the market dynamics.
Elaborating on market segments
By degree of hybridization, global hybrid vehicle market is split into mild, micro, and full. Among these, the mild segment is expected to expand considerably over the forecast duration, owing to high concentration of ODMS and OEMs in this business sphere, and strict government regulations in several economies.
Based on electric powertrain type, the marketplace is fragmented into parallel, and series. The parallel segment is projected to capture a substantial market share by 2026, accredited to escalating demand for latest electronic technology.
An overview of regional hierarchy
Regionally speaking, Asia Pacific presently holds a significantly share in the overall market, ascribing to surging urban population, high disposable income, and increasing manufacturing activities in different nations. Besides, focus among automobile manufacturers to enhance product quality by eliminating errors and decreasing variability for improved assistance & visibility is also fueling APAC market development.
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Expounding on competitive arena
Key players defining the competitive arena of global hybrid vehicle market are Daimler AG, Hyundai Motor Company Ltd., Renault S.A., The Volkswagen AG, BYD Co. Ltd., AB Volvo, Honda Motor Company Ltd., Nissan Motor Co. Ltd., Ford Motor Company, and Toyota Motor Corporation.
These companies are undertaking effective strategies including mergers & acquisitions, innovative product launches, collaboration deals, partnerships, and research & development investments to tap into emerging markets and garner substantial revenues.
Global Hybrid Vehicle Market, By Degree of Hybridization (Revenue, USD Billion, 2016-2026)
- Mild
- Micro
- Full
Global Hybrid Vehicle Market, By Electric Powertrain (Revenue, USD Billion, 2016-2026)
- Parallel
- Series
Global Hybrid Vehicle Market, By Vehicle Type (Revenue, USD Billion, 2016-2026)
- Passenger Vehicle
- Commercial Vehicle
Global Hybrid Vehicle Market, Regional Analysis (Revenue, USD Billion, 2016-2026)
Americas
- United States
- Canada
- Mexico
Europe
- Germany
- United Kingdom
- France
- Norway
Asia Pacific
- China
- Japan
- India
Global Hybrid Vehicle Market, Competitive Hierarchy (Revenue, USD Billion, 2016-2026)
- Daimler AG
- Hyundai Motor Company Ltd.
- Renault S.A.
- The Volkswagen AG
- BYD Co. Ltd.
- AB Volvo
- Honda Motor Company Ltd.
- Nissan Motor Co. Ltd.
- Ford Motor Company
- Toyota Motor Corporation
Table of Content:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Hybrid Vehicle Market: Product Overview
4. Global Hybrid Vehicle Market: An Analysis
4.1 Market Size, By Value, By Volume Year 2016-2020
4.2 Impact of COVID-19 on Hybrid Vehicle Market
4.3 Global Hybrid Vehicle Market: Growth & Forecast
5. Global Hybrid Vehicle Market: Segment Analysis
5.1 Global Hybrid Vehicle Market Segmentation, By Degree of Hybridization (Value)
5.2 Competitive Scenario of Hybrid Vehicle Market: By Degree of Hybridization (2020 & 2026)
5.3 By Mild- Market Size and Forecast (2016-2026)
5.4 By Micro- Market Size and Forecast (2016-2026)
5.5 By Full- Market Size and Forecast (2016-2026)
6. Global Hybrid Vehicle Market: Segment Analysis
6.1 Global Hybrid Vehicle Market Segmentation, By Electric Powertrain (Value)
6.2 Competitive Scenario of Hybrid Vehicle Market: By Electric Powertrain (2020 & 2026)
6.3 By Parallel- Market Size and Forecast (2016-2026)
6.4 By Series- Market Size and Forecast (2016-2026)
7. Global Hybrid Vehicle Market: Segment Analysis
7.1 Global Hybrid Vehicle Market Segmentation, By Vehicle Type (Value)
7.2 Competitive Scenario of Global Hybrid Vehicle Market: By Vehicle Type (2020 & 2026)
7.3 By Passenger Vehicle- Market Size and Forecast (2016-2026)
7.4 By Commercial Vehicle- Market Size and Forecast (2016-2026)
8. Global Hybrid Vehicle Market: Regional Analysis
8.1 Competitive Scenario of Global Hybrid Vehicle Market: By Region (2020 & 2026)
9. Americas Hybrid Vehicle Market: An Analysis (2016-2026)
9.1 Americas Hybrid Vehicle Market by value, by volume: Size and Forecast (2016-2026)
9.2 Americas Hybrid Vehicle Market: Prominent Companies
9.3 Market Segmentation By Degree of Hybridization (Mild, Micro, Full)
9.4 Market Segmentation By Electric Powertrain (Parallel, Series)
9.5 Market Segmentation By Vehicle Type (Passenger Vehicle, Commercial Vehicle)
10. Europe Hybrid Vehicle Market: An Analysis (2016-2026)
10.1 Europe Hybrid Vehicle Market by value, by volume: Size and Forecast (2016-2026)
10.2 Europe Hybrid Vehicle Market: Prominent Companies
10.3 Market Segmentation By Degree of Hybridization (Mild, Micro, Full)
10.4 Market Segmentation By Electric Powertrain (Parallel, Series)
10.5 Market Segmentation By Vehicle Type (Passenger Vehicle, Commercial Vehicle)
11. Asia Pacific Hybrid Vehicle Market: An Analysis (2016-2026)
11.1 Asia Pacific Hybrid Vehicle Market by value, by volume: Size and Forecast (2016-2026)
11.2 Asia Pacific Hybrid Vehicle Market: Prominent Companies
11.3 Market Segmentation By Degree of Hybridization (Mild, Micro, Full)
11.4 Market Segmentation By Electric Powertrain (Parallel, Series)
11.5 Market Segmentation By Vehicle Type (Passenger Vehicle, Commercial Vehicle)
12. Global Hybrid Vehicle Market Dynamics
12.1 Global Hybrid Vehicle Market Drivers
12.2 Global Hybrid Vehicle Market Restraints
12.3 Global Hybrid Vehicle Market Trends
13. Market Attractiveness and Strategic Analysis
13.1 Market Attractiveness Chart of Global Hybrid Vehicle Market - By Degree of Hybridization (Year 2026)
13.2 Market Attractiveness Chart of Global Hybrid Vehicle Market - By Electric Powertrain (Year 2026)
13.3 Market Attractiveness Chart of Global Hybrid Vehicle Market - By Vehicle Type (Year 2026)
13.4 Market Attractiveness Chart of Global Hybrid Vehicle Market - By Region (Year 2026)
14. Competitive Landscape
Related Report:
Fuel Cell Electric Vehicle (FCEV) Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
With increasing global emphasis on lessening human impact on the environment from carbon emissions, the fuel cell electric vehicle (FCEV) market growth is expected to pick up tremendous speed over the coming years. FCEVs are vehicles that are powered using hydrogen instead of conventional fossil fuels. These vehicles are much more efficient than the conventional fossil fuel powered internal vehicles and do not generate any tailpipe emissions when running, emitting only warm air and water vapor. Similar to fully-electric vehicles, FCEVs rely on electricity to drive an electric motor, which in turn drives the wheels. However, as opposed to electric vehicles, which store charge in a chemically configured battery, often Li-ion, FCEVs generate electricity by using a fuel cell that is powered by hydrogen. From a regional frame of reference, the LATAM FCEV market is anticipated to witness remunerative growth. Increasing consumer awareness as well as the entry of a number of renowned industry players in the region is expected to spur the market growth in Latin America.
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