Hybrid Vehicle Market, 2025 - Key Manufacturers are Toyota, Ford, Volvo, Continental, Daimler & Delphi
DUBLIN, May 16, 2018 /PRNewswire/ --
The "Hybrid Vehicle Market by Electric Powertrain (Parallel, Series), Degree of Hybridization (Full, Micro & Mild), Propulsion (HEV, PHEV & NGV), Vehicle Type (PC, CV), Component (Battery, Electric Motor & Transmission) & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The volume of the hybrid vehicle market is estimated to be 4,169 thousand units in 2018 and is projected to reach 7,593 Thousand Units by 2025, at a CAGR of 8.94% from 2018 to 2025.
The key growth drivers for the market are increasing government initiatives, higher fuel efficiency, longer driving range, stringent emission regulations and the increasing demand for mid-size and large size cars in countries such as Norway, Sweden, Germany, the US, and others.
The HEV segment, by propulsion type, is estimated to hold the largest market share in 2018. However, the PHEV segment is estimated to be the fastest growing during the forecast period because of the increasing adoption of mid- and large-sized vehicles and the development of electric infrastructure.
The passenger car segment is estimated to hold the largest market share, in terms of volume, for the hybrid vehicle market, by vehicle type, during the forecast period. But, the commercial vehicle segment is estimated to be the fastest growing market owing to the ease of application of hybrid vehicle technology in commercial vehicle, increased driving range, fuel efficiency, and high focus of OEMs to reduce emissions from commercial vehicles.
The full hybrid segment is estimated to hold the largest market share, by volume, for the hybrid vehicle market, by the degree of hybridization, during the forecast period. But the fastest growth can be seen in the mild hybrid segment. The growth of the full hybrid segment can be attributed to the improving fuel efficiency and reduced emission due to a continuous technology upgrade.
The parallel hybrid is estimated to be largest and fastest growing market, in terms of volume, in the hybrid vehicle market, by electric powertrain type. The market for parallel hybrids is likely to grow due to the increased use of regenerative braking technology. 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.
Asia Pacific is estimated to be the largest market for hybrid vehicles during the forecast period, followed by Europe and North America. The market growth in the region can be attributed to the increased sales of hybrid vehicles in Japan, China, and South Korea. Also, the Asia Pacific region is home to major players in the hybrid vehicles market, such as Toyota, Honda, Nissan, Kia, BYD, and Hyundai. Japan is the largest market in the hybrid vehicle segment worldwide.
The factors restraining the growth of the hybrid vehicle market is the high demand for battery electric vehicles and the high rate of adoption of fuel cell vehicles. Also, the continuous fall in the price of battery is likely to fuel the demand for battery electric vehicles worldwide. High cost of hybrid vehicles, insufficient infrastructure, and high development cost are the challenges for the growth of the hybrid vehicle market.
Some of the key manufacturers operating in the market are Toyota (Japan), Ford (US), Volvo (Sweden), Continental (Germany), Daimler (Germany), Delphi (UK), and others.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Hybrid Vehicle Market
4.2 Hybrid Vehicle Market, By Electric Powertrain Type, 2018-2025
4.3 Hybrid Vehicle Market, By Degree of Hybridization, 2018-2025
4.4 Hybrid Vehicle Market, By Propulsion, 2018-2025
4.5 Hybrid Vehicle Market, By Component Type, 2018-2025
4.6 Hybrid Vehicle Market, By Vehicle Type, 2018-2025
4.7 Hybrid Vehicle Market, By Region, 2018-2025
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Emission Norms
5.2.1.2 Optimum Fuel Efficiency
5.2.1.3 Continuous Reduction in Battery Price
5.2.2 Restraints
5.2.2.1 Rising Demand for BEVs and FCEVs
5.2.3 Opportunities
5.2.3.1 Government Initiatives Pertaining to Hybrid Vehicles
5.2.3.2 Growth in Developing Markets
5.2.4 Challenges
5.2.4.1 High Vehicle Cost
5.2.4.2 Insufficient Infrastructure and High Development Cost
5.3 Upcoming Hybrid Vehicle Models
5.4 Cng Station Numbers in Key Countries of Europe, 2016
5.5 Natural Gas (NG) Station Numbers in Key Countries, 2018
6 Technology Overview
6.1 Introduction
6.2 Micro Hybrid
6.3 Mild Hybrids
6.4 48 V Li-Ion Battery of Mild Hybrid Technology Roadmap
6.5 Full Hybrids
6.6 Plug-In Hybrids
7 Hybrid Vehicle Market, By Electric Powertrain Type
7.1 Introduction
7.2 Parallel Hybrid
7.3 Series Hybrid
8 Hybrid Vehicle Market, By Propulsion
8.1 Introduction
8.2 HEV
8.3 PHEV
8.4 NGV
9 Hybrid Vehicle Market, By Degree of Hybridization
9.1 Introduction
9.2 Micro Hybrid
9.3 Mild Hybrid
9.4 Full Hybrid Vehicle
10 Hybrid Vehicle Market, By Component Type
10.1 Introduction
10.2 Electric Motor
10.2.1 DC/DC Converter
10.2.2 DC/AC Converter
10.3 Transmission
10.4 Battery
11 Hybrid Vehicle Market, By Vehicle Type
11.1 Introduction
11.2 Passenger Car
11.3 Commercial Vehicle
12 Hybrid Vehicle Market, By Region
13 Competitive Landscape
13.1 Overview
13.2 Market Ranking Analysis
13.3 Competitive Scenario
13.3.1 New Product Developments
13.3.2 Collaborations/Joint Ventures/Supply Contracts/Partnerships/Agreements
13.3.3 Expansions, 2016-2018
13.3.4 Mergers & Acquisitions, 2017
14 Company Profiles
14.1 Key Players
14.1.1 Toyota
14.1.2 Ford
14.1.3 Volvo
14.1.4 Continental
14.1.5 ZF
14.1.6 Daimler
14.1.7 Hyundai
14.1.8 Honda
14.1.9 Schaefler
14.1.10 Borgwarner
14.1.11 Delphi Technologies
14.1.12 Allison Transmission
14.2 Key Players From Other Regions
14.2.1 North America
14.2.1.1 General Motors
14.2.1.2 Magna International
14.2.1.3 Cummins
14.2.1.4 American Axle & Manufacturing
14.2.2 Europe
14.2.2.1 Eaton
14.2.2.2 Mahle
14.2.2.3 Bosch
14.2.2.4 AVL
14.2.3 Asia Pacific
14.2.3.1 Denso
14.2.3.2 Mitsubishi Electric
14.2.3.3 LG Chemical
14.2.4 Rest of the World (RoW)
14.2.4.1 Yo-Auto
14.2.4.2 Avtovaz
For more information about this report visit https://www.researchandmarkets.com/research/99fs4q/hybrid_vehicle?w=5
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article