Hybrid Vehicles Market

Hybrid Vehicles Market Revenue, Product Launches, Regional Share Analysis & Forecast Till 2026

The Global Hybrid Vehicle (HV) market is forecast to reach USD 231.63 Billion by 2026, according to a new report by Reports and Data. Hybrid vehicles have various advantages that are contributing to the continuous growth of the market. One of the mentionable benefits is, these vehicles can conserve energies by multiple ways like capturing electrical energy generated by the regenerative braking system, shutting down ICE when the vehicle in idle mode, among others. Another major benefit associated with these vehicles is the financial advantage. The underlying reason being, HVs are supported by different incentives and credits that makes it affordable. Furthermore, the buyer of these vehicles enjoy exemption from congestion charges and reduced annual tax bills. The minimal dependency on fossil fuels also helps in reducing the increasing pressure and price on non-renewable resources like gasoline, thus contributing to the bigger picture of environmental protection and preservation.

In context to region, North America can be seen to occupy a prominent market share. Factors like rising awareness about vehicle emissions, formulation of associated acts by the governments like Clean Air Act [US], and the presence of significant market players like Ford, contributes to the market share occupied by this region.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2311

Key participants include

Volvo, Toyota, Honda, Ford, Hyundai, Continental, Volkswagen Group, Nissan Motor Co. Ltd, Mitsubishi Motors Corporation, and Hyundai Motor Company.

Further key findings from the report suggest

The Hybrid Vehicle market held a market share of USD 123.53 Billion in the year 2018 and is forecasted to grow at a rate of 8.1% during the forecast period.

In regards to Component, the Battery segment generated the highest revenue of USD 82.77 Billion in 2018, with a growth rate of 7.1% during the forecast period. The revenue generated by the Battery segment is resultant of the fact that batteries are the most costly component of a hybrid vehicle, and it is only with the help of this component a HV vehicle gets the electricity to start that makes it an indispensable component of these vehicles.

In the context of Propulsion, the Hybrid Electric Vehicle (HEV) segment occupied a larger market share of 67.0% in 2018, with a CAGR of 7.5% during the forecast period. The fact that HEVs are backed by tax rebates, initiatives, and policies formulated by the governments of different nations like free car parks, and exception from road tax results in its elevated preference among buyers that contributes the segment’s occupied market share.

In context to Electric Powertrain Type, the Parallel Hybrid segment is projected to witness a faster growth rate of 8.5% during the forecast period, which generated USD 85.24 Billion in 2018. The growth rate experienced by the Parallel Hybrid segment is resultant of the fact that this propulsion type is commonly used in HVs like Toyota Prius due to its advantages like the use of less than 2% of available battery capacity per mile, which also contributes to the high revenue generated by this segment.

In regards to Vehicle Type, the Commercial Vehicle segment is projected to witness a faster growth rate of 16.0% during the forecast period, which is expected to occupy 9.0% of the market by 2026. The growth rate experienced by the Commercial Vehicle segment is attributed to the fact that HV technology is easier to be applied in commercial vehicles, and the elevated emphasis of OEMs on reduction of emissions from these vehicles that have resulted in growing popularity of HVs in commercial applications.

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2311

For this report, Reports and Data have segmented into the global Hybrid Vehicles market on the basis of resin type, composite phases, industry vertical, and region:

Component Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)

Electric Motor

Battery

Transmission

Degree of Hybridization Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)

Full Hybrid Vehicle

Mild Hybrid

Micro Hybrid

Propulsion Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)

Plug-In Hybrid Electric Vehicle (PHEV)

Hybrid Electric Vehicle (HEV)

Vehicle Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)

Commercial Vehicle

Passenger Car

Electric Powertrain Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)

Series Hybrid

Parallel Hybrid

Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2311

Have a Look at Related Reports:

Electric Vehicles for Construction, Agriculture and Mining Market By Type (Hybrid, Pure-electric) By Application (Construction, Mining, Agriculture) Regional Outlook And Forecasts, 2020-2027

Electric Vehicle Charging Infrastructure Market By Infrastructure Provider (Charging Point Operator (CPO), E-Mobility Service Provider (EMSP), Charging Hubs), By Charging Infrastructure Type, By Charging Level, By Vehicle Type, By Installation Type, And By Application, Forecasts To 2030

Automated Guided Vehicle (AGV) Market Size, Share & Analysis, By Type (Forklift Truck, Unit Load Carrier, Tow Vehicle, Assembly Line Vehicle, And Pallet Truck), Battery Type (Lithium-Ion, Nickel And Lead), Navigation Technology, Application, And Segment Forecasts To 2027

Hybrid Vehicles Market By Component, By Degree of Hybridization, By Propulsion, By Vehicle Type, By Electric Powertrain Type And Segment Forecasts, 2016-2026

Automotive Alternative Propulsion Market By Propulsion Type (FCEV, HEV, EV), By Vehicle Type (Passenger, Commercial), By Point of Sale (OEM, After Sales), By Component (Power Generation System, Energy Storage System, Others), And Segment Forecasts, 2016-2027

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Leave a Reply

Your email address will not be published. Required fields are marked *