Hybrid Electric Vehicles Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Hybrid electric vehicle is a combination of internal combustion engine and electric propulsion system. Modern hybrid electric vehicles use regenerative brakes, a type of efficiency-improving technology, which convert kinetic energy into electric energy to recharge the batteries. Some hybrid electric vehicles use their internal combustion engine to generate electricity, either to directly power the electric drive motor or recharge batteries.

MARKET DYNAMICS

Increase in demand for fuel-efficient and low-emission vehicles are driving the growth of the hybrid electric vehicles market. However, the high manufacturing cost may restrain the growth of the hybrid electric vehicles market. Furthermore, the continuous technological advancements is anticipated to create market opportunities for the hybrid electric vehicles market during the forecast period.

MARKET SCOPE

The "Global Hybrid Electric Vehicles Market Analysis To 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The hybrid electric vehicles market report aims to provide an overview of the hybrid electric vehicles market with detailed market segmentation by power source, powertrain, vehicle, and geography. The global hybrid electric vehicles market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hybrid electric vehicles market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global hybrid electric vehicles market is segmented on the basis of power source, powertrain, and vehicle. Based on power source, the hybrid electric vehicles market is segmented into: stored electricity and on board electric generator. On the basis of powertrain, the hybrid electric vehicles market is segmented into: series hybrid, parallel hybrid, and combined hybrid. Based on vehicle, the hybrid electric vehicles market is segmented into: passenger cars, commercial vehicles, two wheelers, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hybrid electric vehicles market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The hybrid electric vehicles market by each region is later sub-segmented by respective countries and segments. The hybrid electric vehicles market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the hybrid electric vehicles market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the hybrid electric vehicles market in these regions.

MARKET PLAYERS

The reports cover key developments in the hybrid electric vehicles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from hybrid electric vehicles market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the hybrid electric vehicles market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hybrid electric vehicles market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Bayerische Motoren Werke AG
  
•   Daimler AG
  
•   Ford Motor Company
  
•   General Motors
  
•   Groupe Renault
  
•   Honda Motor Co., Ltd.
  
•   Mitsubishi Motors Corporation
  
•   Nissan Motor Corporation Ltd.
  
•   Toyota Motor Corporation
  
•   Volkswagen AG
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Hybrid Electric Vehicles Report Scope