Sandy, Utah, USA, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Hybrid Vehicle Market Size, Trends and Insights By Component (Electric Motor, Battery, Transmission), By Propulsion (HEV, NGV, PHEV), By Vehicle Type (Commercial Vehicle, Passenger Car), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Hybrid Vehicle Market share & Size was valued at approximately USD 329 Billion in 2021 and is expected to reach USD 477 billion in 2022 and is expected to reach a value of around USD 1670 Billion by 2030, at a compound annual growth rate (CAGR) of about 30%during the forecast period 2022 to 2030.”
The report examines the Hybrid Vehicle market’s drivers and restraints and their impact analysis. Also, the report mentions global opportunities prevailing in the Hybrid Vehicle market.
Hybrid Vehicle Market: Overview
A hybrid car makes use of multiple power sources. The most popular hybrid car models combine an electric motor with an internal combustion engine (ICE). As a result, hybrid cars are built with increased power, reduced emissions, and a higher fuel economy. These cars use machines and regenerative braking systems to generate electrical energy, among other sources. They can save energy by turning off the engine when the vehicle is stationary, idling, or when the electric motor has enough power to move the car independently without the ICE.
Click Here to Access a Free Sample Report of the Global Hybrid Vehicle Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20079
Growth Factors
Due to the high demand for electric mobility, rising fuel prices, and strict rules set by governments in various locations, the global market for hybrid vehicles is expanding quickly. Additionally, hybrid cars are quieter and more fuel-efficient compared to conventional automobiles. Furthermore, the demand for hybrid vehicles is anticipated to increase during the projected period due to the attractive incentives and subsidies provided by government bodies to boost the sales of these vehicles.
The market for hybrid vehicles is growing due to the acceptance of high-end cars, the implementation of strict emission-related rules, and the strong demand for electric vehicles. About 25% to 30% of the world’s demand for electric cars is for hybrids. Major automakers, including Daimler AG, General Motors, and Volkswagen Group, are taking advantage of the plug-in hybrid trend to drive the market for hybrid vehicles globally over the next ten years.
(A free sample of the Hybrid Vehicle report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Hybrid Vehicle report has been modified to include the COVID-19 impact study prior to delivery.)
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Segmental Overview
The Hybrid Vehicle market is bifurcated into component, propulsion, and vehicle type. Regarding vehicle type, the global market for hybrid vehicles is expected to continue to be led by the passenger car segment. Growth is anticipated to be aided by the ongoing construction of residential and commercial infrastructure to enable hybrid vehicle commuting. In addition, because hybrid cars don’t require an extensive drive range for battery capacity, demand for them is exceptionally high in urbanized areas where consumers frequently use them for regular commuting. The rapid advancement of plug-in hybrid systems is also anticipated to increase consumer interest in hybrid cars.
In addition, the demand for personal cars has increased in developing nations due to rising disposable income. The International Energy Agency (IEA) reports that in 2021, sales of electric vehicles surpassed previous records. Sales of electric cars, including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), increased to 6.6 million in the same year. These figures are anticipated to rise during the following ten years, boosting the passenger vehicle market.
Regional Overview
China is one of the major players in the global market for hybrid electric vehicles because it can accommodate both considerable customer demand and production capacity. After the pandemic, China began to pick up steam, and the market for these hybrid and plug-in electric vehicles began to show encouraging trends. For instance, new plug-in hybrid electric vehicle (PHEV) sales in China exceeded 0.22 million in 2020. Such events are anticipated to inspire market participants.
Key questions answered in this report:
- What is the size of the Hybrid Vehicle market and what is its expected growth rate?
- What are the primary driving factors that push the Hybrid Vehicle market forward?
- What are the Hybrid Vehicle Industry's top companies?
- What are the different categories that the Hybrid Vehicle Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Hybrid Vehicle market sample report and company profiles?
Click Here to Access a Free Sample Report of the Global Hybrid Vehicle Market @ https://www.custommarketinsights.com/report/hybrid-vehicle-market/
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 329 Billion |
| Projected Market Size in 2030 | USD 1670 Billion |
| Market Size in 2022 | USD 477 Billion |
| CAGR Growth Rate | 30% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Delphi Technologies Inc., Toyota Motor Corporation, Allison Transmission, Honda Motor Company Ltd., AB Volvo, The Ford Motor Company, BorgWarner Inc., Schaeffler Technologies AG & Co. KG, Hyundai Motor Company, Continental AG, Daimler AG, ZF Friedrichshafen AG , and Others |
| Key Segment | By Component, Propulsion, Vehicle Type, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Players Insights
The market for hybrid electric vehicles is highly competitive. As the mixed electric car competition intensifies, leading manufacturers are concentrating on bolstering their market positions and gaining traction in the demanding global market.
Our market analysis includes a section specifically devoted to key players operating in the Hybrid Vehicle market. Our analysts overview each player’s financial statements, product benchmarking, and SWOT analysis. In addition, the competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of globally mentioned competitors.
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the Hybrid Vehicle report [220+ Pages] @ https://www.custommarketinsights.com/report/hybrid-vehicle-market/
Recent Developments
- In 2021, Toyota announced an investment of around USD 6.2 billion for developing a hybrid vehicle technology. It also stated that the company plans to invest USD 13.6 billion in electric and hybrid vehicle batteries by 2030.
- In 2021, The Volkswagen Group announced that it would invest EUR 73 billion in electrified models, hybrid powertrains, and digital technology until 2026.
Prominent Players
- Delphi Technologies Inc.
- Toyota Motor Corporation
- Allison Transmission
- Honda Motor Company Ltd.
- AB Volvo
- The Ford Motor Company
- BorgWarner Inc.
- Schaeffler Technologies AG & Co. KG
- Hyundai Motor Company
- Continental AG
- Daimler AG
- ZF Friedrichshafen AG
(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)
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Browse the full “Hybrid Vehicle Market Size, Trends and Insights By Component (Electric Motor, Battery, Transmission), By Propulsion (HEV, NGV, PHEV), By Vehicle Type (Commercial Vehicle, Passenger Car), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/hybrid-vehicle-market/
The global Hybrid Vehicle market is segmented as follows:
By Component
- Electric Motor
- Battery
- Transmission
By Propulsion
- HEV
- NGV
- PHEV
By Vehicle Type
- Commercial Vehicle
- Passenger Car
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Key Insights:
- As per the analysis shared by our research analyst, the Hybrid Vehicle market is estimated to grow annually at a CAGR of around 30% over the forecast period (2022-2030).
- In terms of revenue, the Hybrid Vehicle market size was valued at around USD 329 Billion in 2021 and is projected to reach USD 1670 Billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The Hybrid Vehicle market research offers a comprehensive analysis of the present market and projections through 2020–2030 to help find possibilities to profit from the existing market.
- The study includes data on the significant market drivers, challenges, and opportunities and their effects.
- The study elaborates on the SWOT analysis and Porter’s Five Forces model.
- The market study’s value chain analysis gives a comprehensive picture of the stakeholder’s responsibilities.
Recent Development
- 2021: Ford Motor Company unveiled the Mustang Mach-E SUV, which has a comfortable interior, simple technology, and a long range. The car has a traditional appearance, luxurious interior appointments, and standard driver-assistance systems, including Ford Co-Pilot360 2.0.
- 2021: Mercedes-Benz debuted its two diesel mild hybrid models, the GLE and GLE Coupé. They have the modern four-cylinder diesel engine (OM 654 M), which produces 200 kW/272 hp and has an integrated second-generation starter-generator (ISG). The current OM 654 M engines have a second-generation integrated starter-generator (ISG). The ISG has a 48-volt electrical system.
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Click Here to Get a Free Sample Report of the Global Hybrid Vehicle Market @https://www.custommarketinsights.com/report/hybrid-vehicle-market/
Browse More Related Reports:
This Hybrid Vehicle Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Hybrid Vehicle? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Hybrid Vehicle Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Hybrid Vehicle Market? What Was the Capacity, Production Value, Cost and PROFIT of the Hybrid Vehicle Market?
- What Is the Current Market Status of the Hybrid Vehicle Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Hybrid Vehicle Market by Considering Applications and Types?
- What Are Projections of the Global Hybrid Vehicle Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Hybrid Vehicle Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Hybrid Vehicle Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of the Hybrid Vehicle Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Hybrid Vehicle Industry?
Directly Purchase a copy of the Hybrid Vehicle report [220+ Pages] @ https://www.custommarketinsights.com/report/hybrid-vehicle-market/
Reasons to Purchase Hybrid Vehicle Market Report
- Hybrid Vehicle Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
- Hybrid Vehicle Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Hybrid Vehicle Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Hybrid Vehicle Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Click Here to Access a Free Sample Report of the Global Hybrid Vehicle Market @ https://www.custommarketinsights.com/report/hybrid-vehicle-market/
Reasons for the Research Report
- The study provides a thorough overview of the global Hybrid Vehicle market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Hybrid Vehicle market analysis.
- The competitive environment of current and potential participants in the Hybrid Vehicle market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Hybrid Vehicle market should find this report useful. The research will be useful to all market participants in the Hybrid Vehicle Industry.
- Managers in the Hybrid Vehicle sector are interested in publishing up-to-date and projected data about the worldwide Hybrid Vehicle market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Hybrid Vehicle products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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Directly Purchase a copy of the Hybrid Vehicle report [220+ Pages] @ https://www.custommarketinsights.com/report/hybrid-vehicle-market/
