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Hybrid Cars Market Size, Share & Trends Analysis Report By Degree Of Hybridization (Full-hybrid, Plug-in-hybrid), By Vehicle Type (Sedan, Hatchback, SUV), By Region, And Segment Forecasts, 2024 - 2030

May 2024 | 120 pages | ID: H61F30A7B6ABEN
Grand View Research, Inc.

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Hybrid Cars Market Growth & Trends

The global hybrid cars market size is anticipated to reach USD 457.27 billion by 2030 and is projected to grow at a CAGR of 11.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing awareness and concern about climate change and air pollution have increased demand for more sustainable transportation. Hybrid cars, which combine an internal combustion engine with an electric motor, offer reduced emissions compared to traditional gasoline-powered vehicles, driving the demand for the market.

The increasing availability of charging infrastructure and support for electric vehicles is bolstering market growth. Governments and private companies are investing in expanding charging networks and infrastructure for electric vehicles. The availability of public charging stations and home charging solutions makes it easier for hybrid car owners to recharge their vehicles and transition to electric mode, enhancing the demand for hybrid vehicles.

In January 2023, The Department of Transport in Ireland announced an investment of euro 100 million (USD 108.0 million) investment plan for the development of new electric vehicle charging infrastructure from 2022 to 2025. A complementary implementation strategy outlines the steps to achieve Ireland's EV charging network expansion over the next three years. This initiative aims to assure car owners of the practicality of transitioning to electric vehicles while assisting Ireland in meeting its national carbon reduction objectives.

Hybrid Cars Market Report Highlights
  • Based on degree of hybridization, the full-hybrid segment held the largest revenue share of 47.2% in 2023. Full hybrids can switch seamlessly between the electric motor and internal combustion engine, offering a broader range of electric-only driving.
  • Based on vehicle type, the SUV segment held the largest revenue share in 2023. and is also expected to grow at a significant CAGR over the forecast period. Increased investment in renewable energy sources drives interest in hybrid SUVs as part of a broader sustainability initiative.
  • Asia Pacific dominated the industry with a share of 62.2% in 2023 and is projected to grow at a significant CAGR over the forecast period. Rising concerns about air quality and environmental sustainability have prompted governments in countries such as India and China to implement supportive policies and incentives for hybrid vehicles, encouraging their adoption.
  • In September 2022, Volvo Car India launched its newest lineup of petrol mild-hybrid vehicles in the Indian market. The petrol mild-hybrid cars include the luxury sedan S90, XC90, mid-size SUV XC60, and compact SUV XC40. Volvo India has concluded its transition to providing petrol mild-hybrid models in its local car lineup to transform into a fully electric company by 2030.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Segment Definitions
  1.2.1. Degree of hybridization
  1.2.2. Vehicle type
  1.2.3. Regional scope
  1.2.4. Estimates and forecasts timeline
1.3. Research Methodology
  1.3.1. Information Procurement
  1.3.2. Information or Data Analysis
  1.3.3. Market Formulation & Data Visualization
  1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
  1.4.1. List of Data Sources

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segment Outlook
  2.2.1. Degree of hybridization outlook
  2.2.2. Vehicle type outlook
2.3. Competitive Insights

CHAPTER 3. GLOBAL HYBRID CARS MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Industry Value Chain Analysis
3.4. Market Dynamics
  3.4.1. Market Drivers Analysis
    3.4.1.1. Rising fuel prices and volatile oil markets
    3.4.1.2. Advancements in hybrid technology, including improvements in battery technology and increased range
  3.4.2. Market Restraints Analysis
    3.4.2.1. Higher upfront cost compared to conventional vehicles
    3.4.2.2. Limited availability of charging infrastructure for plug-in hybrid electric vehicles (PHEVs)
  3.4.3. Industry Opportunities
  3.4.4. Industry Challenges
3.5. Hybrid Cars Market Analysis Tools
  3.5.1. Porter’s Analysis
    3.5.1.1. Bargaining power of the suppliers
    3.5.1.2. Bargaining power of the buyers
    3.5.1.3. Threats of substitution
    3.5.1.4. Threats from new entrants
    3.5.1.5. Competitive rivalry
  3.5.2. PESTEL Analysis
    3.5.2.1. Political landscape
    3.5.2.2. Economic and Social landscape
    3.5.2.3. Technological landscape
    3.5.2.4. Environmental landscape
    3.5.2.5. Legal landscape

CHAPTER 4. HYBRID CARS MARKET: DEGREE OF HYBRIDIZATION ESTIMATES & TREND ANALYSIS

4.1. Segment Dashboard
4.2. Hybrid Cars Market: Degree of Hybridization Movement Analysis, 2023 & 2030 (USD Billion)
  4.2.1. Degree of Hybridization
    4.2.1.1. Mild-hybrid market estimates and forecasts 2018 to 2030 (USD Billion)
  4.2.2. Full-hybrid
    4.2.2.1. Full-hybrid market estimates and forecasts 2018 to 2030 (USD Billion)
  4.2.3. Plug-in-hybrid
    4.2.3.1. Plug-in-hybrid market estimates and forecasts 2018 to 2030 (USD Billion)

CHAPTER 5. HYBRID CARS MARKET: VEHICLE TYPE ESTIMATES & TREND ANALYSIS

5.1. Segment Dashboard
5.2. Hybrid Cars Market: Vehicle Type Movement Analysis, 2023 & 2030 (USD Billion)
  5.2.1. Sedan
    5.2.1.1. Sedan market estimates and forecasts 2018 to 2030 (USD Billion)
  5.2.2. Hatchback
    5.2.2.1. Hatchback market estimates and forecasts 2018 to 2030 (USD Billion)
  5.2.3. SUV
    5.2.3.1. SUV market estimates and forecasts 2018 to 2030 (USD Billion)

CHAPTER 6. HYBRID CARS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1. Hybrid Cars Market Share, By Region, 2023 & 2030 (USD Billion)
6.2. North America
  6.2.1. Hybrid Cars Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
  6.2.2. U.S.
    6.2.2.1. U.S. hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.2.3. Canada
    6.2.3.1. Canada hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
6.3. Europe
  6.3.1. Europe Hybrid Cars Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
  6.3.2. UK
    6.3.2.1. UK hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.3.3. Germany
    6.3.3.1. Germany hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.3.4. France
    6.3.4.1. France hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.3.5. Italy
    6.3.5.1. Italy hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.3.6. Spain
    6.3.6.1. Spain hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.3.7. Netherlands
    6.3.7.1. Netherlands hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
6.4. Asia Pacific
  6.4.1. Asia Pacific Hybrid Cars Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
  6.4.2. China
    6.4.2.1. China hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.4.3. Japan
    6.4.3.1. Japan hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.4.4. India
    6.4.4.1. India hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.4.5. South Korea
    6.4.5.1. South Korea hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.4.6. Australia
    6.4.6.1. Australia hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
6.5. Latin America
  6.5.1. Latin America Hybrid Cars Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
  6.5.2. Brazil
    6.5.2.1. Brazil hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.5.3. Mexico
    6.5.3.1. Mexico hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.5.4. Argentina
    6.5.4.1. Argentina hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
6.6. Middle East & Africa
  6.6.1. Middle East & Africa Hybrid Cars Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
  6.6.2. UAE
    6.6.2.1. UAE hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.6.3. Saudi Arabia
    6.6.3.1. Saudi Arabia hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)
  6.6.4. South Africa
    6.6.4.1. South Africa hybrid cars market estimates and forecasts 2018 to 2030 (USD Billion)

CHAPTER 7. COMPETITIVE LANDSCAPE

7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Market Positioning
7.4. Company Heat Map Analysis
7.5. Strategy Mapping
  7.5.1. Expansion
  7.5.2. Mergers & acquisition
  7.5.3. Partnerships & collaborations
  7.5.4. New product launches
  7.5.5. Research and development
7.6. Company Profiles
  7.6.1. TOYOTA MOTOR CORPORATION
    7.6.1.1. Company overview
    7.6.1.2. Financial performance
    7.6.1.3. Product benchmarking
    7.6.1.4. Strategic initiatives
  7.6.2. Lexus
    7.6.2.1. Company overview
    7.6.2.2. Financial performance
    7.6.2.3. Product benchmarking
    7.6.2.4. Strategic initiatives
  7.6.3. Honda
    7.6.3.1. Company overview
    7.6.3.2. Financial performance
    7.6.3.3. Product benchmarking
    7.6.3.4. Strategic initiatives
  7.6.4. BMW AG
    7.6.4.1. Company overview
    7.6.4.2. Financial performance
    7.6.4.3. Product benchmarking
    7.6.4.4. Strategic initiatives
  7.6.5. Tesla
    7.6.5.1. Company overview
    7.6.5.2. Financial performance
    7.6.5.3. Product benchmarking
    7.6.5.4. Strategic initiatives
  7.6.6. Volkswagen Group
    7.6.6.1. Company overview
    7.6.6.2. Financial performance
    7.6.6.3. Product benchmarking
    7.6.6.4. Strategic initiatives
  7.6.7. Chevrolet
    7.6.7.1. Company overview
    7.6.7.2. Financial performance
    7.6.7.3. Product benchmarking
    7.6.7.4. Strategic initiatives
  7.6.8. AUDI AG
    7.6.8.1. Company overview
    7.6.8.2. Financial performance
    7.6.8.3. Product benchmarking
    7.6.8.4. Strategic initiatives
  7.6.9. Mercedes-AMG GmbH
    7.6.9.1. Company overview
    7.6.9.2. Financial performance
    7.6.9.3. Product benchmarking
    7.6.9.4. Strategic initiatives
  7.6.10. Porsche
    7.6.10.1. Company overview
    7.6.10.2. Financial performance
    7.6.10.3. Product benchmarking
    7.6.10.4. Strategic initiatives
  7.6.11. Kia Corporation
    7.6.11.1. Company overview
    7.6.11.2. Financial performance
    7.6.11.3. Product benchmarking
    7.6.11.4. Strategic initiatives

LIST OF TABLES


Table 1 List of abbreviations
Table 2 Hybrid cars market 2018 - 2030 (USD Billion)
Table 3 Global hybrid cars market estimates and forecasts by region, 2018 - 2030 (USD Billion)
Table 4 Global hybrid cars market estimates and forecasts by degree of hybridization, 2018 - 2030 (USD Billion)
Table 5 Global hybrid cars market estimates and forecasts by vehicle type, 2018 - 2030 (USD Billion)
Table 6 North America hybrid cars market, by region, 2018 - 2030 (USD Billion)
Table 7 North America hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 8 North America hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 9 U.S. hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 10 U.S. hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 11 Canada hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 12 Canada hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 13 Europe hybrid cars market, by region, 2018 - 2030 (USD Billion)
Table 14 Europe hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 15 Europe hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 16 UK hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 17 UK hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 18 France hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 19 France hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 20 Spain hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 21 Germany hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 22 Germany hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 23 Italy hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 24 Italy hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 25 Netherlands hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 26 Netherlands hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 27 Asia Pacific hybrid cars market, by region, 2018 - 2030 (USD Billion)
Table 28 Asia Pacific hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 29 Asia Pacific hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 30 China hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 31 China hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 32 Japan hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 33 Japan hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 34 India hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 35 India hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 36 South Korea hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 37 South Korea hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 38 Australia hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 39 Australia hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 40 Latin America hybrid cars market, by region, 2018 - 2030 (USD Billion)
Table 41 Latin America hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 42 Latin America hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 43 Brazil hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 44 Brazil hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 45 Mexico hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 46 Mexico hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 47 Argentina hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 48 Argentina hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 49 Middle East & Africa hybrid cars market, by region, 2018 - 2030 (USD Billion)
Table 50 Middle East & Africa hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 51 Middle East & Africa hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 52 UAE hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 53 UAE hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 54 Saudi Arabia hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 55 Saudi Arabia hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion)
Table 56 South Africa hybrid cars market, by degree of hybridization, 2018 - 2030 (USD Billion)
Table 57 South Africa hybrid cars market, by vehicle type, 2018 - 2030 (USD Billion) ?
LIST OF FIGURES


Fig. 1 Market research process
Fig. 2 Hybrid cars market segmentation
Fig. 3 Hybrid cars technology landscape
Fig. 4 Information procurement
Fig. 5 Data analysis models
Fig. 6 Market formulation and validation
Fig. 7 Data validating & publishing
Fig. 8 Market snapshot
Fig. 9 Segment snapshot (1/2)
Fig. 10 Segment snapshot (2/2)
Fig. 11 Competitive landscape snapshot
Fig. 12 Hybrid cars - Market size and growth prospects (USD Billion)
Fig. 13 Hybrid cars market: Industry value chain analysis
Fig. 14 Hybrid cars market: Market dynamics
Fig. 15 Hybrid cars market: PORTER’s analysis
Fig. 16 Hybrid cars market: PESTEL analysis
Fig. 17 Hybrid cars market share by degree of hybridization, 2023 & 2030 (USD Billion)
Fig. 18 Hybrid cars market, by degree of hybridization: Market share, 2023 & 2030
Fig. 19 Mild-hybrid market estimates & forecasts, 2018 - 2030 (Revenue, USD Billion)
Fig. 20 Full-hybrid market estimates & forecasts, 2018 - 2030 (Revenue, USD Billion)
Fig. 21 Plug-in-hybrid market estimates & forecasts, 2018 - 2030 (Revenue, USD Billion)
Fig. 22 Hybrid cars market share by vehicle type, 2023 & 2030 (USD Billion)
Fig. 23 Hybrid cars market, by vehicle type: Market share, 2023 & 2030
Fig. 24 Sedan market estimates & forecasts, 2018 - 2030 (Revenue, USD Billion)
Fig. 25 Hatchback market estimates & forecasts, 2018 - 2030 (Revenue, USD Billion)
Fig. 26 SUV Market estimates & forecasts, 2018 - 2030 (Revenue, USD Billion)
Fig. 27 Hybrid cars market revenue, by region, 2023 & 2030 (USD Billion)
Fig. 28 Regional marketplace: Key takeaways
Fig. 29 Regional marketplace: Key takeaways
Fig. 30 North America hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 31 U.S. hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 32 Canada hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 33 Europe hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 34 UK hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 35 Germany hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 36 France hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 37 Italy hybrid cars market estimates and forecasts, 2018 - 2030) (USD Billion)
Fig. 38 Spain hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 39 Netherlands hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 40 Asia Pacific hybrid cars market estimates and forecast, 2018 - 2030 (USD Billion)
Fig. 41 China hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 42 Japan hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 43 India hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 44 South Korea hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 45 Australia hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 46 Latin America hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 47 Brazil hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 48 Mexico hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 49 MEA hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 50 Saudi Arabia hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 51 UAE hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 52 South Africa hybrid cars market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 53 Key company categorization
Fig. 54 Company market positioning
Fig. 55 Key company market share analysis, 2023
Fig. 56 Strategic framework


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