Hybrid Electric Vehicle (HEV) Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Germany, France, UK - Size and Forecast 2023-2027

Published: Nov 2022

Pages: 172

SKU: IRTNTR70959

Snapshot

Hybrid Electric Vehicle Market Forecast 2023-2027

The Global Hybrid Electric Vehicle Market Size is estimated to grow by 17,098.51 units between 2022 and 2027, accelerating at a CAGR of 30.88%. To combat air pollution caused by high CO2 emissions from on-road vehicles, reducing fuel consumption is a priority. This will help to reduce GHG emissions, which contribute to global warming and climate change. Green vehicles, which run on electricity, hybrid energy, or alternative sources such as solar or wind energy, are seen as a solution. The demand for these vehicles is driving growth in the market. Government incentives and tax credits have attracted both manufacturers and consumers, with many automakers showcasing fuel-efficient hybrid cars at global auto shows. This push towards green vehicles is expected to drive significant growth in the HEV market and increase its share of the global vehicle market in the near future.

What will be the Size of the Hybrid Electric Vehicle Market During the Forecast Period?

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Segmentation

This market research report extensively covers market segmentation by propulsion (full HEVs, mild HEVs, and PHEVs), vehicle type (passenger cars and commercial vehicles), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.

Propulsion Analysis

Full HEV is a leading segment in the hybrid vehicle industry, particularly in Japan, preferred by many new car buyers. With a wide range of models, manufacturers have promoted this segment aggressively, leading to its popularity.

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The APAC region shows a gradual increase in the market share of 322.13 thousand units in 2017 and continued to grow by 2021. Compared to PHEVs, full HEVs have more fiscal incentives and require no charging infrastructure, making them a preferred choice for buyers. However, with the availability of more cost-effective vehicles such as all-electric and plug-in hybrids, the growth rate is expected to decline. Nonetheless, Technavio predicts that the growth rate of full HEVs will increase during the forecast period due to the declining cost of Li-ion batteries and the introduction of new models.

Vehicle Type Analysis

Commercial vehicles are those with a gross weight of over 8,500 lbs, including heavy trucks, pickup trucks, and vans used for transportation of cargo and passengers over long distances. Traditionally, commercial vehicles use ICE technology, but manufacturers are now exploring hybrid engines due to increasing emphasis on the environment and fuel efficiency. However, hybrid commercial vehicles are still in their nascent stage with limited sales due to high initial investment, limited range models, and competition from substitutes such as flex-fuel and CNG vehicles. North America, Japan, and Europe are key markets, with emerging markets in India, China, and Brazil. Government support in incentives and growing environmental concerns encourage the use of hybrid commercial vehicles globally.

Geographical Analysis

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 market during the forecast period.

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APAC is one of the fastest-growing markets for HEVs. However, the sales of PHEV and mild HEV will be sluggish in Japan as these models will follow the Fuel cell HEV trend. In addition, HEV sales in APAC will be the most in China, which is expected to lead the global HEV market during the forecast period.

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Market Dynamics and Customer Landscape

The Market is witnessing exponential growth, driven by a global shift towards greener transportation solutions amid growing concerns over climate change and air pollution. HEVs combine internal combustion engines with electric propulsion systems, offering improved fuel efficiency and reduced emissions compared to traditional gasoline or diesel vehicles. Advanced features like regenerative braking harness kinetic energy to recharge batteries, enhancing energy efficiency. Government incentives and emission regulations are encouraging OEMs to invest in green technologies, driving innovation in battery technology, particularly lithium-ion batteries. Assembling units are scaling up production to meet the rising demand for HEVs, especially in urban areas where regulatory agencies are enforcing stricter emission standards. With continuous technology advancements, including high-voltage hybrid vehicles and Vehicle-to-Grid (V2G) integration, the HEV market is poised for sustained growth in the automotive sector. Our researchers analyzed the data with 2022 as the base year and 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

The Market is witnessing significant growth driven by stringent emission norms imposed by governments globally to mitigate climate change and reduce greenhouse gas (GHG) emissions. Governments, including the EU, Japan, India, and the US, have introduced emission standards targeting reductions in carbon dioxide (CO2), nitrogen oxides (NOx), and particulate matter emissions from vehicles. For instance, the EU has set CO2 emission targets for new passenger cars and light commercial vehicles (LCVs), with penalties for non-compliance. Similarly, Japan and India have implemented norms like Euro VI and BS-6, respectively, to curb emissions. As more countries adopt such regulations, the demand for HEVs, equipped with electric propulsion systems and regenerative braking, is expected to rise, driving technological advancements and investment in charging infrastructure and battery technology.

Significant Market Trends

HEV cost is dominated by battery cost, which accounted for almost 70% of the cost in 2012, with a 1 kWh Li-ion battery pack costing an average of USD 1,375. To make HEV models cost-effective, a significant reduction in battery cost is necessary, which can be achieved by using Li-ion battery designs with high power density.

The current hybrid system uses a heavy battery pack to enable electric drive with the engine off. This feature is only required during starting and sudden acceleration, which occurs for a small portion of the time when the engine is operating inefficiently. Thus, the heavy battery pack does not provide any additional benefits, and it increases recharging time. Unlike PHEVs, HEVs must be recharged through the engine and regenerative braking, so the efficiency of an HEV depends on the rate at which energy can be taken out or pushed back into the battery pack, not on the electric drive mode. This can be achieved by using small and high-density battery packs.

In conclusion, the future trend will be toward battery packs with optimized cell chemistries that have high power and density. Higher power density will enable smaller hybrid batteries, leading to cheaper HEVs in the future.

Major Market Challenge

HEVs are more expensive to own than ICE vehicles due to the high-cost batteries, advanced electronics, and design considerations. The Nissan Leaf's 24 kWh battery costs USD 12,000, which is equivalent to a luxury ICE sedan's price. The Chevrolet Volt's 6 kWh battery pack costs an extra USD 5,000 compared to ICE vehicles, with fewer hours of operation and range.

HEV servicing costs are high because of the immature local market and the lack of availability of hybrid vehicle service parts. Malfunctioning components in the vehicle lifecycle can be costly, and replacements may depend on the availability of parts, slowing down service activity. Low-cost local parts and mechanics with HEV expertise are difficult to find, compelling owners to seek out company service stations that are limited in number or outside city limits.

HEV components wear out faster, increasing the frequency of replacing tires and brakes due to their heavy weight, negatively impacting their adoption and market growth.

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Who are the Major Hybrid Electric Vehicle Market players?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Hybrid Electric Vehicle Market. One of the major player in the market include:

Globalchangan - The company offers hybrid electric vehicles such as Changan UNI K iDD. Also, the company is engaged in the production of passenger cars, microvans, commercial vans, and light trucks.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:

Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Propulsion Outlook
- Full HEVs
- Mild HEVs
- PHEVs
Vehicle Type Outlook
- Passenger cars
- Commercial vehicles
Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa

Market Analyst Overview

The Market is experiencing significant growth fueled by advancements in technology and increasing concerns over greenhouse gas emissions. With a shift towards electric propulsion systems and the development of advanced battery technology such as lithium-ion batteries, HEVs offer a sustainable solution to reduce carbon dioxide (CO2), nitrogen oxides (NOx), and particulate matter emissions. HEVs come in various forms, including full hybrids, mild hybrids, plug-in hybrid electric vehicles (PHEVs), and series, parallel, or combination configurations. These vehicles leverage stored electricity and regenerative braking systems to enhance fuel efficiency and reduce wasted energy. As urbanization drives the demand for environmentally friendly transportation, HEVs stand as a viable option, offering reduced fuel costs, lower emissions, and advanced driver-assistance systems (ADAS) for enhanced safety and efficiency.

Moreover, the market is witnessing significant growth driven by advancements in technology and increasing regulatory pressure to reduce emissions. HEVs combine internal combustion engines (ICE) with electric motors, offering improved fuel efficiency and reduced emissions compared to traditional gasoline or diesel vehicles. With the rise of vehicle-to-grid (V2G) technology and plug-in hybrid electric vehicles (PHEVs), consumers have more options for environmentally friendly transportation. OEMs are investing heavily in green technologies and high-voltage hybrid vehicles to meet stringent emission regulations imposed by regulatory agencies. Assembling units for HEVs are expanding, catering to the growing demand for hybrid engine vehicles in both two-wheelers and electric buses sectors. With regenerative braking systems harnessing kinetic energy, HEVs offer economically friendly alternatives to fossil fuel vehicles while maintaining resale value and reducing fuel consumption.

Hybrid Electric Vehicle Market Scope
Report Coverage	Details
Page number	172
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 30.88%
Market growth 2023-2027	17098.51 th units
Market structure	Fragmented
YoY growth 2022-2023(%)	29.21
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 46%
Key countries	US, China, Germany, France, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	AB Volvo, Bayerische Motoren Werke AG, BYD Co. Ltd., Chongqing Changan Automobile Co. Ltd., Ford Motor Co., General Motors Co, Honda Motor Co. Ltd, Hyundai Motor Co, Li Auto Inc., Mercedes Benz Group AG, Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Suzuki Motor Corp., Tata Sons Pvt. Ltd., Toyota Motor Corp., Volkswagen AG, and Zhejiang Geely Holding Group
Market dynamics	Parent market analysis, Market forecasting, 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
Customization purview	If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
Precise estimation of the size of the market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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Table of Contents

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 Propulsion
- 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 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand units)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand units)
- Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global hybrid electric vehicle market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global hybrid electric vehicle market 2017 - 2021 (thousand units)

4.2 Propulsion Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Propulsion Segment 2017 - 2021 (thousand units)

4.3 Vehicle type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Vehicle type Segment 2017 - 2021 (thousand units)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (thousand units)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand units)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Propulsion

6.1 Market segments
- Exhibit 30: Chart on Propulsion - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Propulsion - Market share 2022-2027 (%)

6.2 Comparison by Propulsion
- Exhibit 32: Chart on Comparison by Propulsion
- Exhibit 33: Data Table on Comparison by Propulsion

6.3 Full HEVs - Market size and forecast 2022-2027
- Exhibit 34: Chart on Full HEVs - Market size and forecast 2022-2027 (thousand units)
- Exhibit 35: Data Table on Full HEVs - Market size and forecast 2022-2027 (thousand units)
- Exhibit 36: Chart on Full HEVs - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Full HEVs - Year-over-year growth 2022-2027 (%)

6.4 Mild HEVs - Market size and forecast 2022-2027
- Exhibit 38: Chart on Mild HEVs - Market size and forecast 2022-2027 (thousand units)
- Exhibit 39: Data Table on Mild HEVs - Market size and forecast 2022-2027 (thousand units)
- Exhibit 40: Chart on Mild HEVs - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Mild HEVs - Year-over-year growth 2022-2027 (%)

6.5 PHEVs - Market size and forecast 2022-2027
- Exhibit 42: Chart on PHEVs - Market size and forecast 2022-2027 (thousand units)
- Exhibit 43: Data Table on PHEVs - Market size and forecast 2022-2027 (thousand units)
- Exhibit 44: Chart on PHEVs - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on PHEVs - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Propulsion
- Exhibit 46: Market opportunity by Propulsion (thousand units)

7 Market Segmentation by Vehicle Type

7.1 Market segments
- Exhibit 47: Chart on Vehicle Type - Market share 2022-2027 (%)
- Exhibit 48: Data Table on Vehicle Type - Market share 2022-2027 (%)

7.2 Comparison by Vehicle Type
- Exhibit 49: Chart on Comparison by Vehicle Type
- Exhibit 50: Data Table on Comparison by Vehicle Type

7.3 Passenger cars - Market size and forecast 2022-2027
- Exhibit 51: Chart on Passenger cars - Market size and forecast 2022-2027 (thousand units)
- Exhibit 52: Data Table on Passenger cars - Market size and forecast 2022-2027 (thousand units)
- Exhibit 53: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)

7.4 Commercial vehicles - Market size and forecast 2022-2027
- Exhibit 55: Chart on Commercial vehicles - Market size and forecast 2022-2027 (thousand units)
- Exhibit 56: Data Table on Commercial vehicles - Market size and forecast 2022-2027 (thousand units)
- Exhibit 57: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Vehicle Type
- Exhibit 59: Market opportunity by Vehicle Type (thousand units)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 61: Chart on Market share by geography 2022-2027 (%)
- Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 63: Chart on Geographic comparison
- Exhibit 64: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 (thousand units)
- Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 (thousand units)
- Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 (thousand units)
- Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 (thousand units)
- Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 North America - Market size and forecast 2022-2027
- Exhibit 73: Chart on North America - Market size and forecast 2022-2027 (thousand units)
- Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 (thousand units)
- Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 77: Chart on South America - Market size and forecast 2022-2027 (thousand units)
- Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 (thousand units)
- Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
- Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
- Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027
- Exhibit 85: Chart on China - Market size and forecast 2022-2027 (thousand units)
- Exhibit 86: Data Table on China - Market size and forecast 2022-2027 (thousand units)
- Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 US - Market size and forecast 2022-2027
- Exhibit 89: Chart on US - Market size and forecast 2022-2027 (thousand units)
- Exhibit 90: Data Table on US - Market size and forecast 2022-2027 (thousand units)
- Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 (thousand units)
- Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 (thousand units)
- Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 France - Market size and forecast 2022-2027
- Exhibit 97: Chart on France - Market size and forecast 2022-2027 (thousand units)
- Exhibit 98: Data Table on France - Market size and forecast 2022-2027 (thousand units)
- Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)

9.12 UK - Market size and forecast 2022-2027
- Exhibit 101: Chart on UK - Market size and forecast 2022-2027 (thousand units)
- Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 (thousand units)
- Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 105: Market opportunity by geography (thousand units)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 106: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 108: Overview on factors of disruption

11.4 Industry risks
- Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 110: Vendors covered

12.2 Market positioning of vendors
- Exhibit 111: Matrix on vendor position and classification

12.3 Bayerische Motoren Werke AG
- Exhibit 112: Bayerische Motoren Werke AG - Overview
- Exhibit 113: Bayerische Motoren Werke AG - Business segments
- Exhibit 114: Bayerische Motoren Werke AG - Key news
- Exhibit 115: Bayerische Motoren Werke AG - Key offerings
- Exhibit 116: Bayerische Motoren Werke AG - Segment focus

12.4 BYD Co. Ltd.
- Exhibit 117: BYD Co. Ltd. - Overview
- Exhibit 118: BYD Co. Ltd. - Business segments
- Exhibit 119: BYD Co. Ltd. - Key news
- Exhibit 120: BYD Co. Ltd. - Key offerings
- Exhibit 121: BYD Co. Ltd. - Segment focus

12.5 Chongqing Changan Automobile Co. Ltd.
- Exhibit 122: Chongqing Changan Automobile Co. Ltd. - Overview
- Exhibit 123: Chongqing Changan Automobile Co. Ltd. - Product / Service
- Exhibit 124: Chongqing Changan Automobile Co. Ltd. - Key news
- Exhibit 125: Chongqing Changan Automobile Co. Ltd. - Key offerings

12.6 Ford Motor Co.
- Exhibit 126: Ford Motor Co. - Overview
- Exhibit 127: Ford Motor Co. - Business segments
- Exhibit 128: Ford Motor Co. - Key news
- Exhibit 129: Ford Motor Co. - Key offerings
- Exhibit 130: Ford Motor Co. - Segment focus

12.7 General Motors Co
- Exhibit 131: General Motors Co - Overview
- Exhibit 132: General Motors Co - Business segments
- Exhibit 133: General Motors Co - Key news
- Exhibit 134: General Motors Co - Key offerings
- Exhibit 135: General Motors Co - Segment focus

12.8 Honda Motor Co. Ltd
- Exhibit 136: Honda Motor Co. Ltd - Overview
- Exhibit 137: Honda Motor Co. Ltd - Business segments
- Exhibit 138: Honda Motor Co. Ltd - Key news
- Exhibit 139: Honda Motor Co. Ltd - Key offerings
- Exhibit 140: Honda Motor Co. Ltd - Segment focus

12.9 Hyundai Motor Co
- Exhibit 141: Hyundai Motor Co - Overview
- Exhibit 142: Hyundai Motor Co - Business segments
- Exhibit 143: Hyundai Motor Co - Key news
- Exhibit 144: Hyundai Motor Co - Key offerings
- Exhibit 145: Hyundai Motor Co - Segment focus

12.10 Mercedes Benz Group AG
- Exhibit 146: Mercedes Benz Group AG - Overview
- Exhibit 147: Mercedes Benz Group AG - Business segments
- Exhibit 148: Mercedes Benz Group AG - Key offerings
- Exhibit 149: Mercedes Benz Group AG - Segment focus

12.11 Mitsubishi Motors Corp.
- Exhibit 150: Mitsubishi Motors Corp. - Overview
- Exhibit 151: Mitsubishi Motors Corp. - Business segments
- Exhibit 152: Mitsubishi Motors Corp. - Key offerings
- Exhibit 153: Mitsubishi Motors Corp. - Segment focus

12.12 Nissan Motor Co. Ltd.
- Exhibit 154: Nissan Motor Co. Ltd. - Overview
- Exhibit 155: Nissan Motor Co. Ltd. - Business segments
- Exhibit 156: Nissan Motor Co. Ltd. - Key news
- Exhibit 157: Nissan Motor Co. Ltd. - Key offerings
- Exhibit 158: Nissan Motor Co. Ltd. - Segment focus

12.13 Renault SAS
- Exhibit 159: Renault SAS - Overview
- Exhibit 160: Renault SAS - Product / Service
- Exhibit 161: Renault SAS - Key news
- Exhibit 162: Renault SAS - Key offerings

12.14 SAIC Motor Corp. Ltd.
- Exhibit 163: SAIC Motor Corp. Ltd. - Overview
- Exhibit 164: SAIC Motor Corp. Ltd. - Business segments
- Exhibit 165: SAIC Motor Corp. Ltd. - Key news
- Exhibit 166: SAIC Motor Corp. Ltd. - Key offerings
- Exhibit 167: SAIC Motor Corp. Ltd. - Segment focus

12.15 Toyota Motor Corp.
- Exhibit 168: Toyota Motor Corp. - Overview
- Exhibit 169: Toyota Motor Corp. - Business segments
- Exhibit 170: Toyota Motor Corp. - Key news
- Exhibit 171: Toyota Motor Corp. - Key offerings
- Exhibit 172: Toyota Motor Corp. - Segment focus

12.16 Volkswagen AG
- Exhibit 173: Volkswagen AG - Overview
- Exhibit 174: Volkswagen AG - Business segments
- Exhibit 175: Volkswagen AG - Key offerings
- Exhibit 176: Volkswagen AG - Segment focus

12.17 Zhejiang Geely Holding Group
- Exhibit 177: Zhejiang Geely Holding Group - Overview
- Exhibit 178: Zhejiang Geely Holding Group - Product / Service
- Exhibit 179: Zhejiang Geely Holding Group - Key news
- Exhibit 180: Zhejiang Geely Holding Group - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 181: Inclusions checklist
- Exhibit 182: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 183: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 184: Research methodology
- Exhibit 185: Validation techniques employed for market sizing
- Exhibit 186: Information sources

13.5 List of abbreviations
- Exhibit 187: List of abbreviations

Methodology

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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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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