Hybrid Vehicle - Global Market Outlook (2020-2028)

May 2021 | 150 pages | ID: HDE57AF7C9FEN
Stratistics Market Research Consulting

Abstracts

According to Stratistics MRC, the Global Hybrid Vehicle Market is accounted for $275.43 billion in 2020 and is expected to reach $1,887.62 billion by 2028 growing at a CAGR of 27.2% during the forecast period. Increasing emission norms, optimum fuel efficiency, and continuous reduction in battery price are the major factors propelling the market growth. However, high vehicle cost, insufficient infrastructure and high development cost are hampering the market growth.

A hybrid vehicle is one that uses two or more distinct types of power, such as submarines that use diesel when surfaced and batteries when submerged. It uses energy stored in batteries where the battery is charged through regenerative braking and by the internal combustion engine. Other means to store energy include pressurized fluid in hydraulic hybrids. The basic principle with hybrid vehicles is that the different motors work better at different speeds. The electric motor is more efficient at producing torque, or turning power, and the combustion engine is better for maintaining high speed (better than a typical electric motor).

Based on electric powertrain type, the parallel hybrid segment is going to have a lucrative growth during the forecast period owing to the increased use of regenerative braking technology. Regenerative braking technology restores the energy to recharge the battery when brakes are applied. Thus, it reduces the requirement for external electric infrastructure. The regenerative braking system is the most commonly used technology in hybrid vehicles. The use of the regenerative braking system and the lesser cost of micro and mild hybrids compared to PHEVs will boost the demand for parallel hybrids.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increased sales of hybrid vehicles in Japan, China, and South Korea. Also, the region is home to major players in the hybrid vehicles market, such as Toyota, Honda, Nissan, Kia, BYD, and Hyundai. Toyota has the highest share in hybrid vehicle sales worldwide. Moreover, governments of Asian countries are supporting the growth by providing subsidies. The mass adoption of hybrid vehicle technology by Japan and China will also boost the market.

Some of the key players profiled in the Hybrid Vehicle Market include Allison Transmission, Inc., BMW AG, BorgWarner, Inc., Continental AG, Cummins, Inc., Daimler AG, Delphi Technologies, Denso Corporation, Eaton Corporation PLC, Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Hyundai Motor Company, Kia Motors Corporation, Mitsubishi Electric Corporation, Nissan, Robert Bosch GmbH, Schaeffler AG, Toyota Motor Corporation, Volkswagen Group, and ZF Friedrichshafen AG.

Vehicle Types Covered:

• Commercial Vehicle
• Passenger Car

Propulsions Covered:

• Hybrid Electric Vehicle (HEV)
• Natural Gas Vehicle (NGV)
• Plug-in Hybrid Electric Vehicle (PHEV)

Degree of Hybridizations Covered:

• Full Hybrid Vehicle
• Micro-Hybrid
• Mild Hybrid

Components Covered:

• Battery
• Electric Motor
• Transmission

Electric Powertrain Types Covered:

• Parallel Hybrid
• Series Hybrid

Regions Covered:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia
• New Zealand
• South Korea
• Rest of Asia Pacific
• South America
• Argentina
• Brazil
• Chile
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Qatar
• South Africa
• Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
• Comprehensive profiling of additional market players (up to 3)
• SWOT Analysis of key players (up to 3)
• Regional Segmentation
• Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
• Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Contents

1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL HYBRID VEHICLE MARKET, BY VEHICLE TYPE

5.1 Introduction
5.2 Commercial Vehicle
5.3 Passenger Car

6 GLOBAL HYBRID VEHICLE MARKET, BY PROPULSION

6.1 Introduction
6.2 Hybrid Electric Vehicle (HEV)
6.3 Natural Gas Vehicle (NGV)
6.4 Plug-in Hybrid Electric Vehicle (PHEV)

7 GLOBAL HYBRID VEHICLE MARKET, BY DEGREE OF HYBRIDIZATION

7.1 Introduction
7.2 Full Hybrid Vehicle
7.3 Micro-Hybrid
7.4 Mild Hybrid

8 GLOBAL HYBRID VEHICLE MARKET, BY COMPONENT

8.1 Introduction
8.2 Battery
8.3 Electric Motor
  8.3.1 Direct Current (DC) /Alternating Current (AC) Converter
  8.3.2 Direct Current (DC)/Direct Current (DC) Converter
8.4 Transmission

9 GLOBAL HYBRID VEHICLE MARKET, BY ELECTRIC POWERTRAIN TYPE

9.1 Introduction
9.2 Parallel Hybrid
9.3 Series Hybrid

10 GLOBAL HYBRID VEHICLE MARKET, BY GEOGRAPHY

10.1 Introduction
10.2 North America
  10.2.1 US
  10.2.2 Canada
  10.2.3 Mexico
10.3 Europe
  10.3.1 Germany
  10.3.2 UK
  10.3.3 Italy
  10.3.4 France
  10.3.5 Spain
  10.3.6 Rest of Europe
10.4 Asia Pacific
  10.4.1 Japan
  10.4.2 China
  10.4.3 India
  10.4.4 Australia
  10.4.5 New Zealand
  10.4.6 South Korea
  10.4.7 Rest of Asia Pacific
10.5 South America
  10.5.1 Argentina
  10.5.2 Brazil
  10.5.3 Chile
  10.5.4 Rest of South America
10.6 Middle East & Africa
  10.6.1 Saudi Arabia
  10.6.2 UAE
  10.6.3 Qatar
  10.6.4 South Africa
  10.6.5 Rest of Middle East & Africa

11 KEY DEVELOPMENTS

11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 COMPANY PROFILING

12.1 Allison Transmission, Inc.
12.2 BMW AG
12.3 BorgWarner, Inc.
12.4 Continental AG
12.5 Cummins, Inc.
12.6 Daimler AG
12.7 Delphi Technologies
12.8 Denso Corporation
12.9 Eaton Corporation PLC
12.10 Ford Motor Company
12.11 General Motors Company
12.12 Honda Motor Co., Ltd.
12.13 Hyundai Motor Company
12.14 Kia Motors Corporation
12.15 Mitsubishi Electric Corporation
12.16 Nissan
12.17 Robert Bosch GmbH
12.18 Schaeffler AG
12.19 Toyota Motor Corporation
12.20 Volkswagen Group
12.21 ZF Friedrichshafen AG

List Of Tables

LIST OF TABLES

Table 1 Global Hybrid Vehicle Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Hybrid Vehicle Market Outlook, By Vehicle Type (2019-2028) ($MN)
Table 3 Global Hybrid Vehicle Market Outlook, By Commercial Vehicle (2019-2028) ($MN)
Table 4 Global Hybrid Vehicle Market Outlook, By Passenger Car (2019-2028) ($MN)
Table 5 Global Hybrid Vehicle Market Outlook, By Propulsion (2019-2028) ($MN)
Table 6 Global Hybrid Vehicle Market Outlook, By Hybrid Electric Vehicle (HEV) (2019-2028) ($MN)
Table 7 Global Hybrid Vehicle Market Outlook, By Natural Gas Vehicle (NGV) (2019-2028) ($MN)
Table 8 Global Hybrid Vehicle Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2019-2028) ($MN)
Table 9 Global Hybrid Vehicle Market Outlook, By Degree of Hybridization (2019-2028) ($MN)
Table 10 Global Hybrid Vehicle Market Outlook, By Full Hybrid Vehicle (2019-2028) ($MN)
Table 11 Global Hybrid Vehicle Market Outlook, By Micro-Hybrid (2019-2028) ($MN)
Table 12 Global Hybrid Vehicle Market Outlook, By Mild Hybrid (2019-2028) ($MN)
Table 13 Global Hybrid Vehicle Market Outlook, By Component (2019-2028) ($MN)
Table 14 Global Hybrid Vehicle Market Outlook, By Battery (2019-2028) ($MN)
Table 15 Global Hybrid Vehicle Market Outlook, By Electric Motor (2019-2028) ($MN)
Table 16 Global Hybrid Vehicle Market Outlook, By Direct Current (DC) /Alternating Current (AC) Converter (2019-2028) ($MN)
Table 17 Global Hybrid Vehicle Market Outlook, By Direct Current (DC)/Direct Current (DC) Converter (2019-2028) ($MN)
Table 18 Global Hybrid Vehicle Market Outlook, By Transmission (2019-2028) ($MN)
Table 19 Global Hybrid Vehicle Market Outlook, By Electric Powertrain Type (2019-2028) ($MN)
Table 20 Global Hybrid Vehicle Market Outlook, By Parallel Hybrid (2019-2028) ($MN)
Table 21 Global Hybrid Vehicle Market Outlook, By Series Hybrid (2019-2028) ($MN)
Table 22 North America Hybrid Vehicle Market Outlook, By Country (2019-2028) ($MN)
Table 23 North America Hybrid Vehicle Market Outlook, By Vehicle Type (2019-2028) ($MN)
Table 24 North America Hybrid Vehicle Market Outlook, By Commercial Vehicle (2019-2028) ($MN)
Table 25 North America Hybrid Vehicle Market Outlook, By Passenger Car (2019-2028) ($MN)
Table 26 North America Hybrid Vehicle Market Outlook, By Propulsion (2019-2028) ($MN)
Table 27 North America Hybrid Vehicle Market Outlook, By Hybrid Electric Vehicle (HEV) (2019-2028) ($MN)
Table 28 North America Hybrid Vehicle Market Outlook, By Natural Gas Vehicle (NGV) (2019-2028) ($MN)
Table 29 North America Hybrid Vehicle Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2019-2028) ($MN)
Table 30 North America Hybrid Vehicle Market Outlook, By Degree of Hybridization (2019-2028) ($MN)
Table 31 North America Hybrid Vehicle Market Outlook, By Full Hybrid Vehicle (2019-2028) ($MN)
Table 32 North America Hybrid Vehicle Market Outlook, By Micro-Hybrid (2019-2028) ($MN)
Table 33 North America Hybrid Vehicle Market Outlook, By Mild Hybrid (2019-2028) ($MN)
Table 34 North America Hybrid Vehicle Market Outlook, By Component (2019-2028) ($MN)
Table 35 North America Hybrid Vehicle Market Outlook, By Battery (2019-2028) ($MN)
Table 36 North America Hybrid Vehicle Market Outlook, By Electric Motor (2019-2028) ($MN)
Table 37 North America Hybrid Vehicle Market Outlook, By Direct Current (DC) /Alternating Current (AC) Converter (2019-2028) ($MN)
Table 38 North America Hybrid Vehicle Market Outlook, By Direct Current (DC)/Direct Current (DC) Converter (2019-2028) ($MN)
Table 39 North America Hybrid Vehicle Market Outlook, By Transmission (2019-2028) ($MN)
Table 40 North America Hybrid Vehicle Market Outlook, By Electric Powertrain Type (2019-2028) ($MN)
Table 41 North America Hybrid Vehicle Market Outlook, By Parallel Hybrid (2019-2028) ($MN)
Table 42 North America Hybrid Vehicle Market Outlook, By Series Hybrid (2019-2028) ($MN)
Table 43 Europe Hybrid Vehicle Market Outlook, By Country (2019-2028) ($MN)
Table 44 Europe Hybrid Vehicle Market Outlook, By Vehicle Type (2019-2028) ($MN)
Table 45 Europe Hybrid Vehicle Market Outlook, By Commercial Vehicle (2019-2028) ($MN)
Table 46 Europe Hybrid Vehicle Market Outlook, By Passenger Car (2019-2028) ($MN)
Table 47 Europe Hybrid Vehicle Market Outlook, By Propulsion (2019-2028) ($MN)
Table 48 Europe Hybrid Vehicle Market Outlook, By Hybrid Electric Vehicle (HEV) (2019-2028) ($MN)
Table 49 Europe Hybrid Vehicle Market Outlook, By Natural Gas Vehicle (NGV) (2019-2028) ($MN)
Table 50 Europe Hybrid Vehicle Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2019-2028) ($MN)
Table 51 Europe Hybrid Vehicle Market Outlook, By Degree of Hybridization (2019-2028) ($MN)
Table 52 Europe Hybrid Vehicle Market Outlook, By Full Hybrid Vehicle (2019-2028) ($MN)
Table 53 Europe Hybrid Vehicle Market Outlook, By Micro-Hybrid (2019-2028) ($MN)
Table 54 Europe Hybrid Vehicle Market Outlook, By Mild Hybrid (2019-2028) ($MN)
Table 55 Europe Hybrid Vehicle Market Outlook, By Component (2019-2028) ($MN)
Table 56 Europe Hybrid Vehicle Market Outlook, By Battery (2019-2028) ($MN)
Table 57 Europe Hybrid Vehicle Market Outlook, By Electric Motor (2019-2028) ($MN)
Table 58 Europe Hybrid Vehicle Market Outlook, By Direct Current (DC) /Alternating Current (AC) Converter (2019-2028) ($MN)
Table 59 Europe Hybrid Vehicle Market Outlook, By Direct Current (DC)/Direct Current (DC) Converter (2019-2028) ($MN)
Table 60 Europe Hybrid Vehicle Market Outlook, By Transmission (2019-2028) ($MN)
Table 61 Europe Hybrid Vehicle Market Outlook, By Electric Powertrain Type (2019-2028) ($MN)
Table 62 Europe Hybrid Vehicle Market Outlook, By Parallel Hybrid (2019-2028) ($MN)
Table 63 Europe Hybrid Vehicle Market Outlook, By Series Hybrid (2019-2028) ($MN)
Table 64 Asia Pacific Hybrid Vehicle Market Outlook, By Country (2019-2028) ($MN)
Table 65 Asia Pacific Hybrid Vehicle Market Outlook, By Vehicle Type (2019-2028) ($MN)
Table 66 Asia Pacific Hybrid Vehicle Market Outlook, By Commercial Vehicle (2019-2028) ($MN)
Table 67 Asia Pacific Hybrid Vehicle Market Outlook, By Passenger Car (2019-2028) ($MN)
Table 68 Asia Pacific Hybrid Vehicle Market Outlook, By Propulsion (2019-2028) ($MN)
Table 69 Asia Pacific Hybrid Vehicle Market Outlook, By Hybrid Electric Vehicle (HEV) (2019-2028) ($MN)
Table 70 Asia Pacific Hybrid Vehicle Market Outlook, By Natural Gas Vehicle (NGV) (2019-2028) ($MN)
Table 71 Asia Pacific Hybrid Vehicle Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2019-2028) ($MN)
Table 72 Asia Pacific Hybrid Vehicle Market Outlook, By Degree of Hybridization (2019-2028) ($MN)
Table 73 Asia Pacific Hybrid Vehicle Market Outlook, By Full Hybrid Vehicle (2019-2028) ($MN)
Table 74 Asia Pacific Hybrid Vehicle Market Outlook, By Micro-Hybrid (2019-2028) ($MN)
Table 75 Asia Pacific Hybrid Vehicle Market Outlook, By Mild Hybrid (2019-2028) ($MN)
Table 76 Asia Pacific Hybrid Vehicle Market Outlook, By Component (2019-2028) ($MN)
Table 77 Asia Pacific Hybrid Vehicle Market Outlook, By Battery (2019-2028) ($MN)
Table 78 Asia Pacific Hybrid Vehicle Market Outlook, By Electric Motor (2019-2028) ($MN)
Table 79 Asia Pacific Hybrid Vehicle Market Outlook, By Direct Current (DC) /Alternating Current (AC) Converter (2019-2028) ($MN)
Table 80 Asia Pacific Hybrid Vehicle Market Outlook, By Direct Current (DC)/Direct Current (DC) Converter (2019-2028) ($MN)
Table 81 Asia Pacific Hybrid Vehicle Market Outlook, By Transmission (2019-2028) ($MN)
Table 82 Asia Pacific Hybrid Vehicle Market Outlook, By Electric Powertrain Type (2019-2028) ($MN)
Table 83 Asia Pacific Hybrid Vehicle Market Outlook, By Parallel Hybrid (2019-2028) ($MN)
Table 84 Asia Pacific Hybrid Vehicle Market Outlook, By Series Hybrid (2019-2028) ($MN)
Table 85 South America Hybrid Vehicle Market Outlook, By Country (2019-2028) ($MN)
Table 86 South America Hybrid Vehicle Market Outlook, By Vehicle Type (2019-2028) ($MN)
Table 87 South America Hybrid Vehicle Market Outlook, By Commercial Vehicle (2019-2028) ($MN)
Table 88 South America Hybrid Vehicle Market Outlook, By Passenger Car (2019-2028) ($MN)
Table 89 South America Hybrid Vehicle Market Outlook, By Propulsion (2019-2028) ($MN)
Table 90 South America Hybrid Vehicle Market Outlook, By Hybrid Electric Vehicle (HEV) (2019-2028) ($MN)
Table 91 South America Hybrid Vehicle Market Outlook, By Natural Gas Vehicle (NGV) (2019-2028) ($MN)
Table 92 South America Hybrid Vehicle Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2019-2028) ($MN)
Table 93 South America Hybrid Vehicle Market Outlook, By Degree of Hybridization (2019-2028) ($MN)
Table 94 South America Hybrid Vehicle Market Outlook, By Full Hybrid Vehicle (2019-2028) ($MN)
Table 95 South America Hybrid Vehicle Market Outlook, By Micro-Hybrid (2019-2028) ($MN)
Table 96 South America Hybrid Vehicle Market Outlook, By Mild Hybrid (2019-2028) ($MN)
Table 97 South America Hybrid Vehicle Market Outlook, By Component (2019-2028) ($MN)
Table 98 South America Hybrid Vehicle Market Outlook, By Battery (2019-2028) ($MN)
Table 99 South America Hybrid Vehicle Market Outlook, By Electric Motor (2019-2028) ($MN)
Table 100 South America Hybrid Vehicle Market Outlook, By Direct Current (DC) /Alternating Current (AC) Converter (2019-2028) ($MN)
Table 101 South America Hybrid Vehicle Market Outlook, By Direct Current (DC)/Direct Current (DC) Converter (2019-2028) ($MN)
Table 102 South America Hybrid Vehicle Market Outlook, By Transmission (2019-2028) ($MN)
Table 103 South America Hybrid Vehicle Market Outlook, By Electric Powertrain Type (2019-2028) ($MN)
Table 104 South America Hybrid Vehicle Market Outlook, By Parallel Hybrid (2019-2028) ($MN)
Table 105 South America Hybrid Vehicle Market Outlook, By Series Hybrid (2019-2028) ($MN)
Table 106 Middle East & Africa Hybrid Vehicle Market Outlook, By Country (2019-2028) ($MN)
Table 107 Middle East & Africa Hybrid Vehicle Market Outlook, By Vehicle Type (2019-2028) ($MN)
Table 108 Middle East & Africa Hybrid Vehicle Market Outlook, By Commercial Vehicle (2019-2028) ($MN)
Table 109 Middle East & Africa Hybrid Vehicle Market Outlook, By Passenger Car (2019-2028) ($MN)
Table 110 Middle East & Africa Hybrid Vehicle Market Outlook, By Propulsion (2019-2028) ($MN)
Table 111 Middle East & Africa Hybrid Vehicle Market Outlook, By Hybrid Electric Vehicle (HEV) (2019-2028) ($MN)
Table 112 Middle East & Africa Hybrid Vehicle Market Outlook, By Natural Gas Vehicle (NGV) (2019-2028) ($MN)
Table 113 Middle East & Africa Hybrid Vehicle Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2019-2028) ($MN)
Table 114 Middle East & Africa Hybrid Vehicle Market Outlook, By Degree of Hybridization (2019-2028) ($MN)
Table 115 Middle East & Africa Hybrid Vehicle Market Outlook, By Full Hybrid Vehicle (2019-2028) ($MN)
Table 116 Middle East & Africa Hybrid Vehicle Market Outlook, By Micro-Hybrid (2019-2028) ($MN)
Table 117 Middle East & Africa Hybrid Vehicle Market Outlook, By Mild Hybrid (2019-2028) ($MN)
Table 118 Middle East & Africa Hybrid Vehicle Market Outlook, By Component (2019-2028) ($MN)
Table 119 Middle East & Africa Hybrid Vehicle Market Outlook, By Battery (2019-2028) ($MN)
Table 120 Middle East & Africa Hybrid Vehicle Market Outlook, By Electric Motor (2019-2028) ($MN)
Table 121 Middle East & Africa Hybrid Vehicle Market Outlook, By Direct Current (DC) /Alternating Current (AC) Converter (2019-2028) ($MN)
Table 122 Middle East & Africa Hybrid Vehicle Market Outlook, By Direct Current (DC)/Direct Current (DC) Converter (2019-2028) ($MN)
Table 123 Middle East & Africa Hybrid Vehicle Market Outlook, By Transmission (2019-2028) ($MN)
Table 124 Middle East & Africa Hybrid Vehicle Market Outlook, By Electric Powertrain Type (2019-2028) ($MN)
Table 125 Middle East & Africa Hybrid Vehicle Market Outlook, By Parallel Hybrid (2019-2028) ($MN)
Table 126 Middle East & Africa Hybrid Vehicle Market Outlook, By Series Hybrid (2019-2028) ($MN)