The hybrid electric vehicle conversion kit market is poised to grow by 27.70 th units during 2020-2024 progressing at a CAGR of 13% during the forecast period.
The market is driven by the enforcement of regulations, development in emerging markets driving conversion kit adoption, and development of grid-independent low-cost hybrid kit for light vehicles.
This study identifies the growing development of solar hybrid electric cars as one of the prime reasons driving the hybrid electric vehicle conversion kit market growth during the next few years. Also, the growing development of simplified and lightweight conversion kits and increasing development of low-cost conversion kits will lead to sizable demand in the market.
The reports on hybrid electric vehicle conversion kit market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The hybrid electric vehicle conversion kit market analysis includes the application segment and geographic landscape.
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid electric vehicle conversion kit market vendors that include A123 Systems LLC, ALTe Technologies, Altigreen Propulsion Labs Pvt. Ltd., Enginer, EVDrive, Hybrid Design Services Inc., IX Energy Pvt. Ltd., KPIT Technologies Ltd., Odyne Systems LLC, and XL Hybrids Inc.
Also, the hybrid electric vehicle conversion kit market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Commercial vehicles - Market size and forecast 2019-2024
Passenger cars - Market size and forecast 2019-2024
Market opportunity by Application
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024