Hybrid Electric Vehicle (EV) Conversion Kit Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, Canada, China, Japan, Germany - Size and Forecast 2024-2028
| Published: Feb 2024 | Pages: 159 | SKU: IRTNTR44629 |
Hybrid Electric Vehicle (EV) Conversion Kit Market 2024-2028
The Hybrid Electric Vehicle (EV) Conversion Kit Market size is forecast to increase by USD 536.27 million, at a CAGR of 15.85% between 2023 and 2028. Several factors play a crucial role in the market's growth, such as the enforcement of regulations to propel the adoption of efficient conversion kits, rising conversion kit adoption with development in emerging markets, and the development of grid-independent low-cost hybrid kits for light vehicles. The report provides market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
What will be the Size of the Market During the Forecast Period?
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Market Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
Rising conversion kit adoption with development in emerging markets is notably driving market growth. In developed regions, conversion kits have high importance as these are used in the conversion of conventional vehicles to environment-friendly vehicles. Until the past few years, hybrid technology was the basis of this shift as the charging infrastructure was underdeveloped, and hybrid vehicles give benefits to both ICE-based cars and all-electric cars. However, in emerging markets, where the concept of EVs is still at the nascent stage, hybrid conversion is leading to emission reduction. The Indian government is favoring hybrid technology tremendously and already started giving certifications to conversion kit manufacturers in 2021.
Additionally, government interest has spurred the emergence of many regional players that developed efficient conversion kits for conventional vehicles and are working to reduce the cost for maximum adoption through economies of scale. One key new player in the hybrid EV conversion kit market is ZELECTRIC MOTORS LLC, which developed a low-cost solution to convert diesel cars into hybrid cars. The emerging markets are likely to witness high adoption of conversion kits and drive the growth of the market during the forecast period.
Key Market Trends
The growing development of solar hybrid electric cars is an emerging trend shaping market growth. The plug-in hybrid models depend on charging stations for recharging the batteries, which makes charging infrastructure critical for the adoption of EVs. In addition, a major part of India has an insufficient household electricity supply, which makes the adoption of EVs inevitable. This led to the development of an innovative solar hybrid car by the premier space organization in the country. The solar hybrid car is powered by Li-ion batteries that can be recharged using sunlight.
Moreover, the car has a solar panel on the roof, an integral gearbox, control electronics for the battery, and a conversion kit for fitting the electric motor into a vehicle with ICE. Countries such as India that have an abundant supply of solar power can benefit from this development by reducing vehicular emission levels. Such innovative solutions will play a crucial role in the adoption of HEV conversion kits in emerging economies, which is positive for the growth of the hybrid EV conversion kit market. Such factors are expected to drive the market growth during the forecast period.
Major Market Challenge
Issues pertaining to mile range and battery performance of converted hybrid vehicles are a significant challenge hindering market growth. Even though battery packs in converted hybrid vehicles come with a 6-10 years/1,00,000-mile warranty, battery performance is based on several factors, such as the number of charge cycles, depletion rate, charging and discharging durations, and humidity. Therefore, most hybrid vehicle owners face issues pertaining to battery failure. The replacement of the battery can cost more than USD1,000. The warranty factor does not imply that the battery will shut down after 10,000 miles. It is challenging to predict the performance versus years for different batteries from the given history.
However, the range anxiety caused while driving PHEVs restrains prospective buyers from investing in conversion kits. In addition, the decision of an end-user to purchase a conversion kit for plug-in hybrid conversion is directly proportional to the availability of public and private recharging infrastructure. Certain countries, such as China and the US, have a better-charging infrastructure, while other countries are sluggish in infrastructural developments. Such factors are expected to hinder the growth of the market during the forecast period.
Market Customer Landscape
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Who are the Major Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ARADEX AG - The company offers a hybrid electric vehicle conversion kit such as a retrofit electric drive kit, that transforms delivery vans with diesel engines into a hybrid vehicle that runs solely on electric power.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including
- Altigreen
- BRUSA HyPower AG
- Canadian Electric Vehicles Ltd.
- Electric GT Inc.
- Enginer
- EV West
- EVDrive
- Flux Hybrids
- FOLKS MOTOR
- General Motors Co.
- Green Shed Conversions
- Hybrid Design Services
- IX Energy Pvt Ltd.
- Odyne Systems LLC
- Oz DIY
- Starya Mobility Pvt Ltd.
- Stealth EV
- ThunderStruck Motors LLC
- Wanxiang Group
- ZELECTRIC MOTORS LLC
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
What is the Largest-Growing Segment in the Market?
The passenger cars segment is estimated to witness significant growth during the forecast period. The regulatory push to reduce emissions is increasing the adoption of EVs across major automotive markets in the world. Hybrid cars are an efficient solution for adhering to emission control standards and customer demands. ICE-based vehicles do not operate much below 700 revolutions per minute (RPM) and do not develop any significant torque until at least 1,000 RPM, whereas electric motors can operate at any speed from 0 RPM up to their absolute maximum RPM.
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The passenger cars segment was the largest and was valued at USD 151.11 million in 2018. Hybrid cars offer the high efficiency and low emission features of pure electric cars and the long-range and refueling capabilities of traditional ICE-based passenger cars. As a result, customers across the world who are doubtful about electric drivetrain performance for long-distance traveling choose hybrid models. Consumer preference is also favoring hybrid models as most of the regulators are offering incentives for EVs. Conversion kits are playing a crucial part in the growing adoption of hybrid technology, particularly in emerging regions. These factors under the passenger cars segment markets will be a crucial driver for the growth of the market during the forecast period.
Which are the Key Regions for the Market?
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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the hybrid electric vehicle conversion kit market during the forecast period. APAC is the prominent region for the market owing to the presence of dominant automotive markets such as China and Japan. In addition, emerging markets such as India are also contributing to the high adoption of automobiles in this region. The presence of the fastest-growing economies in the world, including China, India, Thailand, Indonesia, and South Korea, is a positive factor for the hybrid electric vehicle conversion kit market in APAC. With the rapid economic growth in this region, the per capita income has drastically increased over the past couple of years. This has increased the purchasing power of individuals, thereby leading to the increased sales of automobiles.
In addition, governments of Asian countries have played a crucial role in encouraging the automotive industry in the form of tax and fiscal incentives. For instance, the government of Thailand offers an exemption on import duties and an eight-year tax exemption for 11 categories of vehicle components, including tires, liquefied natural gas cylinders, engine components, and powertrain components, to encourage the automotive components industry. Such factors are expected to drive the regional market growth during the forecast period.
Segment Overview
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
- Application Outlook
- Passenger cars
- Commercial vehicles
- Vehicle Type Outlook
- Mid priced
- Luxury
- Region Outlook
- North America
- The U.S.
- Canada
- South America
- Chile
- Brazil
- Argentina
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- North America
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Hybrid Electric Vehicle Conversion Kit Market Scope |
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|
Report Coverage |
Details |
|
Page number |
159 |
|
Base year |
2023 |
|
Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.85% |
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Market growth 2024-2028 |
USD 536.27 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
15.43 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 46% |
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Key countries |
US, Canada, China, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Altigreen, ARADEX AG, BRUSA HyPower AG, Canadian Electric Vehicles Ltd., Electric GT Inc., Enginer, EV West, EVDrive, Flux Hybrids, FOLKS MOTOR, General Motors Co., Green Shed Conversions, Hybrid Design Services, IX Energy Pvt Ltd., Odyne Systems LLC, Oz DIY, Starya Mobility Pvt Ltd., Stealth EV, ThunderStruck Motors LLC, Wanxiang Group, ZELECTRIC MOTORS LLC, and Metric Mind Engineering |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Hybrid Electric Vehicle Conversion Kit Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
- Accurate predictions about upcoming market growth and trends and changes in consumer behavior
- Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global hybrid electric vehicle conversion kit market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global hybrid electric vehicle conversion kit market 2018 - 2022 ($ million)
- 4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)
- 4.3 Vehicle Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Vehicle Type Segment 2018 - 2022 ($ million)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Passenger cars - Market size and forecast 2023-2028
- Exhibit 34: Chart on Passenger cars - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Passenger cars - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Passenger cars - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2023-2028 (%)
- 6.4 Commercial vehicles - Market size and forecast 2023-2028
- Exhibit 38: Chart on Commercial vehicles - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Commercial vehicles - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Commercial vehicles - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Commercial vehicles - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ million)
- Exhibit 43: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Vehicle Type
- 7.1 Market segments
- Exhibit 44: Chart on Vehicle Type - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Vehicle Type - Market share 2023-2028 (%)
- 7.2 Comparison by Vehicle Type
- Exhibit 46: Chart on Comparison by Vehicle Type
- Exhibit 47: Data Table on Comparison by Vehicle Type
- 7.3 Mid priced - Market size and forecast 2023-2028
- Exhibit 48: Chart on Mid priced - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Data Table on Mid priced - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Chart on Mid priced - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Mid priced - Year-over-year growth 2023-2028 (%)
- 7.4 Luxury - Market size and forecast 2023-2028
- Exhibit 52: Chart on Luxury - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on Luxury - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on Luxury - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Luxury - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Vehicle Type
- Exhibit 56: Market opportunity by Vehicle Type ($ million)
- Exhibit 57: Data Table on Market opportunity by Vehicle Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2023-2028 (%)
- Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 China - Market size and forecast 2023-2028
- Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.10 Canada - Market size and forecast 2023-2028
- Exhibit 91: Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on Canada - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 9.11 Japan - Market size and forecast 2023-2028
- Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.12 Germany - Market size and forecast 2023-2028
- Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ million)
- Exhibit 104: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 108: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 109: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification
- 12.3 ARADEX AG
- Exhibit 111: ARADEX AG - Overview
- Exhibit 112: ARADEX AG - Product / Service
- Exhibit 113: ARADEX AG - Key offerings
- 12.4 Canadian Electric Vehicles Ltd.
- Exhibit 114: Canadian Electric Vehicles Ltd. - Overview
- Exhibit 115: Canadian Electric Vehicles Ltd. - Product / Service
- Exhibit 116: Canadian Electric Vehicles Ltd. - Key offerings
- 12.5 Enginer
- Exhibit 117: Enginer - Overview
- Exhibit 118: Enginer - Product / Service
- Exhibit 119: Enginer - Key offerings
- 12.6 EV West
- Exhibit 120: EV West - Overview
- Exhibit 121: EV West - Product / Service
- Exhibit 122: EV West - Key offerings
- 12.7 EVDrive
- Exhibit 123: EVDrive - Overview
- Exhibit 124: EVDrive - Product / Service
- Exhibit 125: EVDrive - Key offerings
- 12.8 Flux Hybrids
- Exhibit 126: Flux Hybrids - Overview
- Exhibit 127: Flux Hybrids - Product / Service
- Exhibit 128: Flux Hybrids - Key offerings
- 12.9 FOLKS MOTOR
- Exhibit 129: FOLKS MOTOR - Overview
- Exhibit 130: FOLKS MOTOR - Product / Service
- Exhibit 131: FOLKS MOTOR - Key offerings
- 12.10 Green Shed Conversions
- Exhibit 132: Green Shed Conversions - Overview
- Exhibit 133: Green Shed Conversions - Product / Service
- Exhibit 134: Green Shed Conversions - Key offerings
- 12.11 Hybrid Design Services
- Exhibit 135: Hybrid Design Services - Overview
- Exhibit 136: Hybrid Design Services - Product / Service
- Exhibit 137: Hybrid Design Services - Key offerings
- 12.12 IX Energy Pvt Ltd.
- Exhibit 138: IX Energy Pvt Ltd. - Overview
- Exhibit 139: IX Energy Pvt Ltd. - Product / Service
- Exhibit 140: IX Energy Pvt Ltd. - Key offerings
- 12.13 Odyne Systems LLC
- Exhibit 141: Odyne Systems LLC - Overview
- Exhibit 142: Odyne Systems LLC - Product / Service
- Exhibit 143: Odyne Systems LLC - Key offerings
- 12.14 Oz DIY
- Exhibit 144: Oz DIY - Overview
- Exhibit 145: Oz DIY - Product / Service
- Exhibit 146: Oz DIY - Key offerings
- 12.15 Stealth EV
- Exhibit 147: Stealth EV - Overview
- Exhibit 148: Stealth EV - Product / Service
- Exhibit 149: Stealth EV - Key offerings
- 12.16 ThunderStruck Motors LLC
- Exhibit 150: ThunderStruck Motors LLC - Overview
- Exhibit 151: ThunderStruck Motors LLC - Key offerings
- 12.17 Wanxiang Group
- Exhibit 152: Wanxiang Group - Overview
- Exhibit 153: Wanxiang Group - Product / Service
- Exhibit 154: Wanxiang Group - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 155: Inclusions checklist
- Exhibit 156: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 157: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 158: Research methodology
- Exhibit 159: Validation techniques employed for market sizing
- Exhibit 160: Information sources
- 13.5 List of abbreviations
- Exhibit 161: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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hybrid electric vehicle conversion kit market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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