Hybrid Electric Vehicles Market: Recent Industry Developments and Growth Strategies Adopted by Players

Key Segments Covered

• Power Source

  • Stored Electricity HEVs
  • On-Board Electric Generator HEVs

• Powertrain

  • Series Hybrid Electric Vehicles
  • Parallel Hybrid Electric Vehicles
  • Combined Hybrid Electric Vehicles

• Vehicle

  • Hybrid Electric Passenger Cars
  • Commercial Hybrid Electric Vehicles
  • Hybrid Electric Two Wheelers
  • Other HEVs (Golf Cart, etc.)

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Hybrid Electric Vehicles Market- Scope of Report

A recent study by Fact.MR on the hybrid electric vehicles market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering hybrid electric vehicles.

The study also provides the dynamics responsible for influencing the future status of the hybrid electric vehicles market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the hybrid electric vehicles market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of hybrid electric vehicles across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of hybrid electric vehicles during the forecast period. Price point comparison by region with global average price is also considered in the study.

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn). Estimates at global and regional levels for hybrid electric vehicles are available in terms of “US$ Mn” for value and in “‘000 Units” for volume.

A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.

Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global hybrid electric vehicles market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the hybrid electric vehicles market during the forecast period.

Country-specific valuation on demand for hybrid electric vehicles has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of hybrid electric vehicles, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering hybrid electric vehicles has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the hybrid electric vehicles domain.

5 Forecast Highlights on Global Hybrid Electric Vehicles Market

• Asia Pacific Excluding Japan (APEJ) is expected to remain dominant in the global hybrid electric vehicles market. APEJ hybrid electric vehicles market is projected to bring in nearly US$ 16,800 million revenues by the end of 2022.
• North America hybrid electric vehicles market is also expected to experience impressive growth during 2017-2022. Owing to the government focusing on pollution reduction, zero-emission vehicles are increasingly being promoted, hence, North America is witnessing the growth in adoption of hybrid electric vehicles. Moreover, manufacturers are also introducing cost-effective and lightweight vehicles.
• Stored electricity is expected to be the largest power source for hybrid electric vehicles. Towards the end of 2022, stored electricity is estimated to reach nearly US$ 33,600 million revenues. Meanwhile, the on board electric generator is also expected to witness significant growth during the forecast period, 2017-2022.
• Parallel hybrid powertrain system is estimated to account for nearly three-fourth of the revenue share by the end of 2017. The parallel hybrid powertrain system is projected to create an incremental opportunity of over US$ 16,600 million between 2017 and 2022.
• Compared to commercial hybrid electric vehicles, passenger hybrid electric cars are expected to witness robust growth. By the end of 2022, passenger hybrid electric cars are estimated to surpass US$ 25,200 million revenue. Whereas, commercial hybrid electric vehicles are projected to account for nearly one-third of the revenue share on global revenues by 2017 end.