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 Code: CMI20079

Published Date: October 2022

Pages: 220+

Category: Ice, Electric, Hybrid, Autonomous Vehicles

Report Snapshot

CAGR: 30%
329 B
2021
477B
2022
1670 B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Delphi Technologies Inc.
  • Toyota Motor Corporation
  • Allison Transmission
  • Others

Exclusive, in-depth market intelligence can help you increase your Revenue.

Download Sample Pdf


Reports Description

The rising demand for plug-in vehicles is driving the Hybrid Vehicle Market.

According to Custom Market Insights (CMI), The Global Hybrid Vehicle Market size was estimated at USD 329 Billion in 2021 and is expected to reach USD 477 billion in 2022 and is expected to hit around USD 1670 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 30% from 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 (By Component )

To learn more about this report, 

Hybrid Vehicle Market: Overview

An internal combustion engine is combined with an electric motor that draws power from the batteries to create hybrid automobiles. The regenerative braking system generates the energy stored in the batteries. Many producers were compelled to halt their production due to the pandemic since there was a significant delay in the logistics and supply chain. As a result, there are many hybrid-engine vehicles available with various capabilities.

The benefits of hybrid electric cars vary depending on the different technologies employed. The rise in petroleum prices throughout the world has prompted automakers to develop new technologies for hybrid vehicles, which are now viewed as a crucial part of the future of the automotive industry.

Hybrid Vehicle Market: COVID – 19 Impact Analysis

Due to the global transportation sector, many improvements are being made in product development and the features that hybrid vehicles are built with. The new coronavirus caused a public health crisis that the WHO classified as a pandemic. Many manufacturing and production units suffer due to how quickly the virus swept across international borders. People are abandoning public transportation to stop the pandemic’s spread through local measures, which is a health risk. With the assistance of fuels and electric motors, people are converting to purchasing valued and valuable automobiles.

Due to the high level of digitization currently, the market is flooded with hybrid cars that use diesel and gasoline engines. Differentiating operating styles is essential to assisting the market in overcoming the pandemic. People choose similar vehicles to lower their risk of catching the coronavirus, and the government is investing in such projects. 

Hybrid Vehicle Market: Growth Drivers

Surging Adoption of Plug-in Hybrid Vehicles

The demand for passenger and personal vehicles is constantly rising due to rising per capita income and disposable money worldwide. As a result, the fleet of automobiles is growing, and so is the pace of carbon emissions. In addition, the demand for alternative cars is increasing quickly due to rising fuel prices and increased awareness of global warming.

 Hybrid Vehicle Market (By Propulsion )

To learn more about this report, 

The demand for hybrid electric vehicles is soaring globally due to the higher fuel efficiency and lower carbon emission rates that hybrid cars offer. To assist the growth of electromobility solutions, several manufacturers are concentrating on creating and releasing numerous kinds of hybrid automobiles.

Unlike hybrids and pure electric vehicles, plug-in hybrid cars are far more practical, contributing to their enormous appeal. As a result of the internal combustion engine acting as a backup power source when the batteries run out of charge, consumers of these vehicles frequently experience low-range anxiety. Both internal combustion engines and an external source can be used to recharge the batteries in these vehicles via a plug. Although hybrid car sales outpace plug-in hybrid and pure battery vehicle sales, plug-in hybrid vehicle demand is rising globally.

Significant Investments in R&D

Other factors driving the market expansion include ongoing research and development (R&D) projects targeted at introducing new technologies and market participants’ launch of new & energy-efficient hybrid vehicle models. On the other hand, it is projected that in the coming decade, the potential for commercial expansion of manufacturing firms will increase due to the rising popularity of electric vehicles and the growing need for green mobility. 

Hybrid Vehicle Market: Segmentation Analysis

In our research scope, the Hybrid Vehicle market is segmented into component, propulsion, and vehicle type. The propulsion options include NGVs, PHEVs, and hybrid electric cars (HEVs). The popularity of plug-in hybrids is rapidly rising. In addition to generators, engines’ mechanisms produce power that aids in recharging these vehicles’ batteries. Also, it is possible to charge the battery by connecting it to an external power source. These vehicles employ a battery supply that an engine-generating system can only recharge.

 

CNG is used by natural gas vehicles to run their engines and power their generators. This aids in powering the electric motor that starts a hybrid vehicle’s operation. When a new battery becomes available, the old one is discarded and replaced.

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 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.

Regional Landscape

By 2030, the APAC region is anticipated to experience the highest growth due to the globalization of the hybrid vehicle market activities. Most of the population in the region is middle-class, and the neighborhood is highly populated. They are the vast majority of hybrid car owners. Thus, it is anticipated that the car sales volume in this region will increase steadily. In addition, customers are compelled to choose and use hybrid automobiles due to the rise in fuel prices.

The hybrid vehicle markets in North America and Europe are working together in various ways to raise awareness of hybrid cars, boosting demand for them globally.

Hybrid Vehicle Market (trends by region)

To learn more about this report, 

Competitive Landscape

There have been a growing number of acquisitions and expansion plans over the past few years to advance the development and manufacturing of hybrid automobiles. Prominent companies are also engaged in technology development. Key businesses use partnerships, new product development, and contracts & agreements, among other growth strategies, to boost their market positions. To increase their client base, well-known automakers like BMW, Honda, and Toyota concentrate on creating plug-in hybrid vehicles.

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

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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Hybrid Vehicle Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Hybrid Vehicle Market: snapshot
  • Chapter 3. Global Hybrid Vehicle Market – Industry Analysis
    • 3.1 Hybrid Vehicle Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Surging Adoption of Plug-in Hybrid Vehicles
      • 3.2.2 Significant Investments in R&D
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Component
      • 3.7.2 Market attractiveness analysis By Propulsion
      • 3.7.3 Market attractiveness analysis By Vehicle Type
  • Chapter 4. Global Hybrid Vehicle Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Hybrid Vehicle Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Hybrid Vehicle Market – Component Analysis
    • 5.1 Global Hybrid Vehicle Market overview: By Component
      • 5.1.1 Global Hybrid Vehicle Market share, By Component, 2021 and 2030
    • 5.2 Electric Motor
      • 5.2.1 Global Hybrid Vehicle Market by Electric Motor, 2022 – 2030 (USD Billion)
    • 5.3 Battery
      • 5.3.1 Global Hybrid Vehicle Market by Battery, 2022 – 2030 (USD Billion)
    • 5.4 Transmission
      • 5.4.1 Global Hybrid Vehicle Market by Transmission, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Hybrid Vehicle Market – Propulsion Analysis
    • 6.1 Global Hybrid Vehicle Market overview: By Propulsion
      • 6.1.1 Global Hybrid Vehicle Market share, By Propulsion, 2021 and 2030
    • 6.2 HEV
      • 6.2.1 Global Hybrid Vehicle Market by HEV, 2022 – 2030 (USD Billion)
    • 6.3 NGV
      • 6.3.1 Global Hybrid Vehicle Market by NGV, 2022 – 2030 (USD Billion)
    • 6.4 PHEV
      • 6.4.1 Global Hybrid Vehicle Market by PHEV, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Hybrid Vehicle Market – Vehicle Type Analysis
    • 7.1 Global Hybrid Vehicle Market overview: By Vehicle Type
      • 7.1.1 Global Hybrid Vehicle Market share, By Vehicle Type, 2021 and 2030
    • 7.2 Commercial Vehicle
      • 7.2.1 Global Hybrid Vehicle Market by Commercial Vehicle, 2022 – 2030 (USD Billion)
    • 7.3 Passenger Car
      • 7.3.1 Global Hybrid Vehicle Market by Passenger Car, 2022 – 2030 (USD Billion)
  • Chapter 8. Hybrid Vehicle Market – Regional Analysis
    • 8.1 Global Hybrid Vehicle Market Regional Overview
    • 8.2 Global Hybrid Vehicle Market Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Hybrid Vehicle Market, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Hybrid Vehicle Market, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Hybrid Vehicle Market, by Component, 2022 – 2030
      • 8.4.1 North America Hybrid Vehicle Market, by Component, 2022 – 2030 (USD Billion)
    • 8.5 North America Hybrid Vehicle Market, by Propulsion, 2022 – 2030
      • 8.5.1 North America Hybrid Vehicle Market, by Propulsion, 2022 – 2030 (USD Billion)
    • 8.6 North America Hybrid Vehicle Market, by Vehicle Type, 2022 – 2030
      • 8.6.1 North America Hybrid Vehicle Market, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Hybrid Vehicle Market, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Hybrid Vehicle Market, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Hybrid Vehicle Market, by Component, 2022 – 2030
      • 8.8.1 Europe Hybrid Vehicle Market, by Component, 2022 – 2030 (USD Billion)
    • 8.9 Europe Hybrid Vehicle Market, by Propulsion, 2022 – 2030
      • 8.9.1 Europe Hybrid Vehicle Market, by Propulsion, 2022 – 2030 (USD Billion)
    • 8.10 Europe Hybrid Vehicle Market, by Vehicle Type, 2022 – 2030
      • 8.10.1 Europe Hybrid Vehicle Market, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Hybrid Vehicle Market, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Hybrid Vehicle Market, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Hybrid Vehicle Market, by Component, 2022 – 2030
      • 8.12.1 Asia Pacific Hybrid Vehicle Market, by Component, 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Hybrid Vehicle Market, by Propulsion, 2022 – 2030
      • 8.13.1 Asia Pacific Hybrid Vehicle Market, by Propulsion, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Hybrid Vehicle Market, by Vehicle Type, 2022 – 2030
      • 8.14.1 Asia Pacific Hybrid Vehicle Market, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Hybrid Vehicle Market, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Hybrid Vehicle Market, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Hybrid Vehicle Market, by Component, 2022 – 2030
      • 8.16.1 Latin America Hybrid Vehicle Market, by Component, 2022 – 2030 (USD Billion)
    • 8.17 Latin America Hybrid Vehicle Market, by Propulsion, 2022 – 2030
      • 8.17.1 Latin America Hybrid Vehicle Market, by Propulsion, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Hybrid Vehicle Market, by Vehicle Type, 2022 – 2030
      • 8.18.1 Latin America Hybrid Vehicle Market, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Hybrid Vehicle Market, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Hybrid Vehicle Market, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Hybrid Vehicle Market, by Component, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Hybrid Vehicle Market, by Component, 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Hybrid Vehicle Market, by Propulsion, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Hybrid Vehicle Market, by Propulsion, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Hybrid Vehicle Market, by Vehicle Type, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Hybrid Vehicle Market, by Vehicle Type, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Delphi Technologies Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Toyota Motor Corporation
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Allison Transmission
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Honda Motor Company Ltd.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 AB Volvo
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 The Ford Motor Company
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 BorgWarner Inc.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Schaeffler Technologies AG & Co. KG
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Hyundai Motor Company
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Continental AG
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Daimler AG
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 ZF Friedrichshafen AG
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Hybrid Vehicle Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Hybrid Vehicle Market attractiveness, By Component
  • 6. Global Hybrid Vehicle Market attractiveness, By Propulsion
  • 7. Global Hybrid Vehicle Market attractiveness, By Vehicle Type
  • 8. Global Hybrid Vehicle Market share by Component, 2022 and 2030 (USD Billion)
  • 9. Global Hybrid Vehicle Market by Electric Motor, 2022 – 2030 (USD Billion)
  • 10. Global Hybrid Vehicle Market by Battery, 2022 – 2030 (USD Billion)
  • 11. Global Hybrid Vehicle Market by Transmission, 2022 – 2030 (USD Billion)
  • 12. Global Hybrid Vehicle Market share by Propulsion, 2022 and 2030 (USD Billion)
  • 13. Global Hybrid Vehicle Market by HEV, 2022 – 2030 (USD Billion)
  • 14. Global Hybrid Vehicle Market by NGV, 2022 – 2030 (USD Billion)
  • 15. Global Hybrid Vehicle Market by PHEV, 2022 – 2030 (USD Billion)
  • 16. Global Hybrid Vehicle Market share by Vehicle Type, 2022 and 2030 (USD Billion)
  • 17. Global Hybrid Vehicle Market by Commercial Vehicle, 2022 – 2030 (USD Billion)
  • 18. Global Hybrid Vehicle Market by Passenger Car, 2022 – 2030 (USD Billion)
  • 19. Global Hybrid Vehicle Market share, by Region, 2022 and 2030
  • 20. North America Hybrid Vehicle Market, 2022 – 2030 (USD Billion)
  • 21. Europe Hybrid Vehicle Market, 2022 – 2030 (USD Billion)
  • 22. Asia Pacific Hybrid Vehicle Market, 2022 – 2030 (USD Billion)
  • 23. Latin America Hybrid Vehicle Market, 2022 – 2030 (USD Billion)
  • 24. The Middle-East and Africa Hybrid Vehicle Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Hybrid Vehicle Market: Snapshot
  • 2. Drivers of the Hybrid Vehicle Market: impact analysis
  • 3. North America Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 4. North America Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 5. North America Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 6. U.S. Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 7. U.S. Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 8. U.S. Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 9. Canada Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 10. Canada Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 11. Canada Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 12. Europe Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 13. Europe Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 14. Europe Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 15. Germany Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 16. Germany Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 17. Germany Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 18. France Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 19. France Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 20. France Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 21. U.K. Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 22. U.K. Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 23. U.K. Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 24. Italy Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 25. Italy Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 26. Italy Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 27. Spain Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 28. Spain Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 29. Spain Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 30. Rest of Europe Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 31. Rest of Europe Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 32. Rest of Europe Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 33. Asia Pacific Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 34. Asia Pacific Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 35. Asia Pacific Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 36. China Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 37. China Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 38. China Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 39. Japan Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 40. Japan Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 41. Japan Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 42. India Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 43. India Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 44. India Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 45. South Korea Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 46. South Korea Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 47. South Korea Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 48. South-East Asia Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 49. South-East Asia Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 50. South-East Asia Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 51. Rest of Asia Pacific Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 52. Rest of Asia Pacific Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 53. Rest of Asia Pacific Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 54. Latin America Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 55. Latin America Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 56. Latin America Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 57. Brazil Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 58. Brazil Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 59. Brazil Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 60. Mexico Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 61. Mexico Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 62. Mexico Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 63. Rest of Latin America Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 64. Rest of Latin America Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 65. Rest of Latin America Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 66. The Middle-East and Africa Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 67. The Middle-East and Africa Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 68. The Middle-East and Africa Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 69. GCC Countries Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 70. GCC Countries Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 71. GCC Countries Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 72. South Africa Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 73. South Africa Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 74. South Africa Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)
  • 75. Rest of Middle-East Africa Hybrid Vehicle Market revenue, By Component, 2022 – 2030 (USD Billion)
  • 76. Rest of Middle-East Africa Hybrid Vehicle Market revenue, By Propulsion, 2022 – 2030 (USD Billion)
  • 77. Rest of Middle-East Africa Hybrid Vehicle Market revenue, By Vehicle Type, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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

FAQs

“Asia Pacific” region will lead the global Hybrid Vehicle market during the forecast period 2022 to 2030.

The key factors driving the market are the Surging Adoption of Plug-in Hybrid Vehicles, Significant Investments in R&D

The key players operating in the Hybrid Vehicle market are 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 .

The global Hybrid Vehicle market is expanding growth with a CAGR of approximately 30% during the forecast period (2022 to 2030).

The global Hybrid Vehicle market size was valued at USD 329 Million in 2021 and it is projected to reach around USD 1670 Million by 2030.

PURCHASE OPTIONS

excel
$

3200


pdf excel
$

4200


pdf excel powerbi
$

5200


excel
$

1800


pdf excel powerbi
pdf
$

6200

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • PDF, Excel, Power Point and Power BI.
  • Every Year Free Update ( Apr – Apr)
  • Personalized market brief by author
  • Can be accessible by unlimited users.
  • Free 50% or 90 hours of customization.
  • Up to 50 Company Profiles
  • Free post-sale service assistance with guarantee
  • 40% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account team.
  • Service guarantee available.
View cart

Want to customize this report?
100% FREE CUSTOMIZATION!