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

MARKET INTRODUCTION

The popularity of hybrid vehicle has increased in the recent years. Hybrid vehicles use two or more engines including and electric motor and conventional engine. Governments in various countries are coming up with incentive programs to encourage the sale of the hybrid cars as these are environment friendly and require much less fuel to run. Manufacturers are seen to focus on adopting new technologies with investments in research and development to generate market share.

MARKET DYNAMICS

The hybrid vehicle market is anticipated to grow in the forecast period owing to driving factors such as continuous reduction in the price of battery and increasing emission norms. Moreover, optimum fuel efficiency is yet another factor driving the market growth. However, rising demand for battery electric vehicle and fuel cell vehicles may hamper the growth of the hybrid vehicle market during the forecast period. Nevertheless, developing infrastructure and government initiatives offer growth opportunities for the hybrid vehicle market in future.

MARKET SCOPE

The "Global Hybrid Vehicle Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of hybrid vehicle market with detailed market segmentation by component, degree of hybridization, vehicle type, and geography. The global hybrid vehicle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hybrid vehicle market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global hybrid vehicle market is segmented on the basis of component, degree of hybridization, and vehicle type. Based on component, the market is segmented as electric motor, transmission, and battery. On the basis of the degree of hybridization, the market is segmented as micro hybrid vehicle, mild hybrid vehicle, and full hybrid vehicle. The market on the basis of the vehicle type is classified as passenger cars and commercial vehicles.

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 vehicle 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 vehicle market by each region is later sub-segmented by respective countries and segments. The 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 hybrid vehicle 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 for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the hybrid vehicle market in these regions.

MARKET PLAYERS

The reports cover key developments in the hybrid vehicle 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 the way for the expansion of business and customer base of market players. The market players from hybrid vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for hybrid vehicle in the global market. Below mentioned is the list of few companies engaged in the hybrid vehicle market.

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

•  Allison Transmission Inc.
•  BorgWarner Inc.
•  Continental AG
•  Delphi Technologies
•  Ford Motor Company
•  Honda Motor Co Ltd
•  Hyundai Motor Co
•  Schaeffler AG
•  Toyota Motor Corp
•  ZF Friedrichshafen 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 Vehicle Report Scope