Hybrid Vehicle Market Size 2025-2029
The hybrid vehicle market size is forecast to increase by USD 1440.2 billion, at a CAGR of 35.0% between 2024 and 2029.
The global hybrid vehicle market is advancing in response to stringent emission controls, which mandate lower greenhouse gas emissions and improved fuel efficiency. This regulatory pressure aligns with a growing trend of consumer adoption of green vehicles, fueling innovation in the hybrid electric vehicle (HEV) market. Automakers are focusing on enhancing vehicle electrification by improving powertrain configuration and developing sophisticated emission reduction technologies. The development of the hybrid and electric vehicle integrated drive unit is a key area of focus, aiming to create more compact and efficient systems for a new generation of vehicles, including the expanding hybrid bicycles segment, which require optimized energy management.This market's expansion is tempered by the rising demand for battery electric vehicles and fuel cell electric vehicles, which present a direct competitive challenge. This dynamic forces manufacturers in the hybrid car market to clearly articulate the advantages of hybrid power systems, such as the elimination of range anxiety. Strategic development is concentrated on diversifying offerings, including mild hybrid vehicles and popular crossover vehicles with hybrid options, to appeal to a broader consumer base. Ensuring the reliability of core components like hybrid and electric vehicle fuses is essential for building consumer trust and maintaining a competitive position in an increasingly crowded field of electrified transportation solutions.
What will be the Size of the Hybrid Vehicle Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
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The global hybrid vehicle market is characterized by the continuous evolution of its core technologies, with a significant focus on optimizing powertrain configuration and improving drivetrain efficiency. The interplay between the internal combustion engine and electric propulsion systems is becoming increasingly sophisticated through advanced energy management systems and innovations in automotive battery technology. This ongoing refinement within the hybrid electric vehicle (HEV) market aims to enhance the performance of components like the hybrid and electric vehicle integrated drive unit, ensuring a more seamless and efficient experience.Market dynamics are also heavily influenced by shifting consumer preferences and the competitive landscape, which includes a variety of sustainable transportation solutions. The growth in demand for hybrid crossover vehicles reflects a move toward versatile and fuel-efficient options. Manufacturers are differentiating their offerings with technologies such as mild hybrid vehicles to cater to diverse needs. The development of the hybrid system architecture must also account for competition from zero-emission mobility, pushing for constant innovation to maintain market relevance.
How is this Hybrid Vehicle Industry segmented?
The hybrid vehicle industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- Vehicle type
- Passenger cars
- Light commercial vehicles
- Heavy commercial vehicles
- Component
- Battery
- Electric motor
- Transmission
- Others
- Powertrain type
- Parallel hybrid
- Power-split hybrid
- Series hybrid
- Geography
- APAC
- China
- Japan
- India
- South Korea
- Thailand
- Indonesia
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- Middle East and Africa
- South America
- Rest of World (ROW)
By Vehicle Type Insights
The passenger cars segment is estimated to witness significant growth during the forecast period.
The passenger cars segment commands the dominant share of the global hybrid vehicle market, a position driven by the sheer volume of this vehicle class within the broader automotive industry. Growth in this segment is primarily sustained by the implementation of stringent emission and fuel economy standards worldwide. Government incentives promoting the purchase and adoption of hybrid technology further bolster demand, making these vehicles a popular choice for consumers seeking to reduce both their environmental impact and fuel expenditures through improved powertrain configuration.
The practicality of hybrid passenger cars, especially in congested urban areas, enhances their appeal. Their ability to utilize electricity from the automotive battery during start-stop traffic improves fuel efficiency significantly. The combination of an internal combustion engine and an electric drivetrain provides a balanced solution that mitigates range anxiety. The strong consumer response is clear, as sales in one key market recently surged by 53%, highlighting the segment's robust expansion potential and the effectiveness of supportive policies.
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The Passenger cars segment was valued at USD 156.50 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 48.5% 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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The APAC region represents the most significant and rapidly expanding area in the global hybrid vehicle market, housing several of the world's leading automotive manufacturing and sales hubs. Growth in APAC is fundamentally supported by rising disposable incomes and extensive industrialization. Furthermore, the enforcement of stringent pollution control regulations, such as the China 6 norms, has created direct demand for low-emission vehicles and spurred innovation in powertrain configuration, making the region a fertile ground for hybrid technology adoption.
Consumer behavior in APAC is also shifting, with increasing environmental consciousness driving greater interest in alternative fuel sources and sustainable transportation solutions. This trend, combined with government incentives and high vehicle production rates, positions the region for substantial growth, with projections indicating it will contribute nearly 49% of the market's total incremental expansion. The demand for personal, fuel-efficient vehicles as an alternative to public transport further solidifies the strong outlook for the hybrid vehicle market in APAC.
Market Dynamics
Our researchers analyzed the data with 2024 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.
The global hybrid vehicle market is significantly shaped by the impact of stringent emission controls on hybrid adoption and the direct impact of CAFE standards on hybrid vehicle design. Government incentives for hybrid electric vehicle purchase continue to bolster consumer adoption rates for green vehicle technologies, although consumer awareness levels of hybrid vehicle benefits still vary. A detailed cost analysis of hybrid versus conventional vehicles often favors hybrids long-term, highlighting the crucial role of hybrid technology in reducing carbon footprint. Key innovations are driving this transition, including advancements in regenerative braking efficiency and the ongoing development of advanced energy management software. Furthermore, OEMs are focusing on the integration of ADAS in modern hybrid models, enhancing both safety and efficiency, while also exploring trends in lightweight materials for hybrid cars to improve performance.Delving deeper into system architecture, the role of parallel hybrid systems in fuel economy is well-established, complemented by technological developments in power-split hybrid systems. A persistent industry discussion involves the comparison of PHEV versus full hybrid systems, as both see continuous advancements in hybrid battery energy density and innovations in electric motor and transmission for hybrids. However, the market faces significant challenges from rising battery electric vehicle demand and persistent supply chain constraints for hybrid vehicle components. These factors influence the market dynamics of the hybrid commercial vehicle market. Looking ahead, the industry is also evaluating the future of fuel cell electric vehicles in transportation as a potential long-term solution.
What are the key market drivers leading to the rise in the adoption of Hybrid Vehicle Industry?
- The global hybrid vehicle market is primarily driven by the implementation of stringent emission control regulations worldwide.
Increasingly strict regulations concerning emissions represent a significant driver for the market. Government bodies are enforcing tighter standards for greenhouse gas emissions and vehicle fuel consumption, compelling original equipment manufacturers to accelerate the development and production of vehicles with electrified powertrains. The implementation of corporate average fuel economy standards, for example, directly incentivizes the production of more efficient models. This regulatory push is a primary factor behind the industry-wide shift toward vehicle electrification, with hybrid systems offering a practical pathway to compliance without requiring a complete overhaul of existing infrastructure. The market response is evident, as recent data from one major automotive market showed a 53% increase in hybrid sales in a single year.Growing consumer awareness regarding environmental protection, coupled with government initiatives, further drives the market. Several authorities are actively launching and promoting electric and hybrid modes of transport to reduce urban pollution. For instance, some municipalities have mandated that up to half of their public taxi fleets be converted to hybrid models, demonstrating a top-down commitment to this technology. Such actions not only increase the number of hybrid vehicles on the road but also enhance their visibility and public acceptance. These programs, which focus on improving powertrain optimization and energy management systems, work in tandem with regulatory pressures to foster a favorable environment for market expansion.
What are the market trends shaping the Hybrid Vehicle Industry?
- A key upcoming trend in the market is the increasing consumer and governmental shift toward the adoption of green vehicles.
The rising adoption of green vehicles is a primary trend shaping the market, as both consumers and governments prioritize sustainability. This shift is driving demand for vehicles that balance the capabilities of an internal combustion engine with the efficiency of electric propulsion systems. The growth of the hybrid electric vehicle (HEV) market is supported by technological advancements in powertrain control strategies and enhanced energy storage solutions, which improve fuel efficiency and reduce the carbon footprint. Government incentives and subsidies are also making these vehicles, including popular crossover vehicles, more accessible. One key region, for instance, is projected to contribute nearly 49% of the market's incremental growth, largely due to this trend.A parallel trend gaining momentum is the rising demand for lightweight vehicles, which directly enhances the performance and efficiency of hybrid systems. Automakers are increasingly employing advanced lightweighting strategies, using materials that reduce overall vehicle mass without compromising safety or structural integrity. This focus on weight reduction improves drivetrain efficiency and lowers the energy required for propulsion from both the internal combustion engine and the electric motor. The development of mild hybrid vehicles and more efficient hybrid power systems benefits significantly from this approach, as a lighter vehicle requires a less powerful, and therefore more cost-effective, hybrid system architecture to achieve performance targets.
What challenges does the Hybrid Vehicle Industry face during its growth?
- A significant challenge impacting the growth of the hybrid vehicle market is the escalating demand for battery electric vehicles (BEVS) and fuel cell electric vehicles (FCEVS).
A primary challenge confronting the market is the accelerated demand and strategic focus on battery electric vehicles (BEVS) and fuel cell electric vehicles (FCEVS). Major automotive manufacturers are increasingly directing research and development investments toward creating a wide range of BEVs, from hatchbacks to SUVs, offering consumers a zero-emission alternative. Similarly, the advantages of FCEVs, such as long driving range and rapid refueling, are increasing their appeal. Government programs that provide incentives specifically for the purchase or lease of BEVs and FCEVs can divert potential customers away from hybrids. In some mature markets, which represent over 21% of the global opportunity, this push for pure electric mobility is particularly strong.A lack of comprehensive awareness among consumers regarding the specific benefits and distinctions of different hybrid technologies presents another challenge. Many potential buyers do not fully understand the operational differences between mild hybrids, full hybrids, and plug-in hybrids, leading to confusion and purchase hesitation. This ambiguity can obscure the value proposition of a hybrid vehicle, particularly concerning its real-world fuel efficiency and the function of its regenerative braking system. The passenger car segment, which is more than double the size of the light commercial vehicle segment, is especially susceptible to this challenge, as unclear messaging can hinder broader consumer adoption rates.
Exclusive Customer Landscape
The hybrid vehicle 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 hybrid vehicle market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, hybrid vehicle market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Bayerische Motoren Werke AG - The core offering in the market comprises a diverse portfolio of vehicles that integrate an internal combustion engine with an electric motor and an energy storage system. These offerings span multiple classes, including passenger cars, sport utility vehicles, and commercial vehicles, catering to a wide range of consumer and business needs. The technology is available in several configurations, such as full hybrids, mild hybrids, and plug-in hybrid electric vehicles (PHEVS), which provide varying degrees of electric-only range and fuel efficiency enhancements. The fundamental value proposition is to deliver reduced emissions and improved fuel economy compared to conventional vehicles while mitigating the range anxiety associated with fully electric counterparts.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Bayerische Motoren Werke AG
- BYD Co. Ltd.
- Chery Automobile Co. Ltd.
- Ford Motor Co.
- General Motors Co.
- Honda Motor Co. Ltd.
- Hyundai Motor Co.
- KIA CORP.
- Mazda Motor Corp.
- Mercedes Benz Group AG
- Mitsubishi Motors Corp.
- Nissan Motor Co. Ltd.
- Renault SAS
- SAIC Motor Corp. Ltd.
- Stellantis NV
- Suzuki Motor Corp.
- Toyota Motor Corp.
- Volkswagen AG
- Volvo Car Corp.
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 industry 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.
Recent Development and News in Hybrid Vehicle Market
In May 2024, Ford Motor Co. announced a significant increase in its hybrid vehicle sales, with hybrid sales up 64.5% year-over-year, led by the strong performance of the F-150 Hybrid and Maverick Hybrid.In April 2024, Hyundai Motor Co. revealed the redesigned 2025 Tucson, which includes updated hybrid and plug-in hybrid powertrain options featuring new technology and design elements to enhance efficiency and driver experience.In February 2024, Toyota Motor Corp. confirmed that its best-selling Camry sedan would be offered exclusively as a hybrid model for the 2025 model year, signaling a major strategic shift for one of its flagship products.In June 2024, Stellantis NV announced that its upcoming Dodge Charger would include a plug-in hybrid model, the Charger SRT Banshee, as part of its multi-powertrain strategy combining traditional performance with electrification.
Research Analyst Overview
The global hybrid vehicle market is characterized by the continuous refinement of hybrid powertrain configuration, which focuses on the seamless internal combustion engine integration with advanced electric motor technology. Developments across various systems, including parallel hybrid systems, series hybrid configuration, and power-split hybrid architecture, are driven by the need to meet stringent fuel efficiency standards and corporate average fuel economy regulations. The evolution of automotive transmission systems and electric drivetrain components is central to vehicle electrification strategies aimed at greenhouse gas emission reduction. These advancements in powertrain control software and high-voltage electrical systems support diverse vehicle models, from mild hybrid electric vehicles to full hybrid systems, with the market projected to expand by nearly 21% in the near future.Central to market dynamics is the progression in hybrid battery technology, with a discernible shift from nickel-metal hydride batteries to higher-density lithium-ion battery packs. This evolution supports enhanced performance in plug-in hybrid electric vehicles and improves vehicle energy storage capabilities. Sophisticated energy management systems, working with automotive battery management and power electronics control units, optimize overall powertrain efficiency. Innovations in regenerative braking systems and stop-start engine systems contribute significantly to vehicle emission control. Furthermore, the integration of on-board charging technology, advanced driver-assistance systems, and effective vehicle thermal management is becoming increasingly standard, influencing hybrid powertrain dynamics and electric propulsion mechanics.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Hybrid Vehicle Market insights. See full methodology.
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Market Scope
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Report Coverage
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Details
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Page number
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296
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Base year
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2024
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Historic period
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2019 - 2023 |
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Forecast period
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2025-2029
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Growth momentum & CAGR
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Accelerating at a CAGR of 35.0%
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Market growth 2024-2029
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USD 1440.2 billion
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Market structure
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Fragmented
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YoY growth 2024-2029(%)
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26.8%
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Key countries
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China, Japan, India, South Korea, Thailand, Indonesia, US, Canada, Mexico, Germany, UK, France, Italy, Spain, The Netherlands, UAE, Saudi Arabia, South Africa, Egypt, Israel, Brazil, Argentina, Chile
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Competitive landscape
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Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this Hybrid Vehicle Market Research and Growth Report?
- CAGR of the Hybrid Vehicle industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across APAC, North America, Europe, Middle East and Africa, South America
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the hybrid vehicle market growth of industry companies
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1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by Powertrain Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Chart on Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Chart on Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Global Hybrid Vehicle Market 2019 - 2023
- Historic Market Size - Data Table on Global Hybrid Vehicle Market 2019 - 2023 ($ billion)
- 5.2 Vehicle Type segment analysis 2019 - 2023
- Historic Market Size - Vehicle Type Segment 2019 - 2023 ($ billion)
- 5.3 Component segment analysis 2019 - 2023
- Historic Market Size - Component Segment 2019 - 2023 ($ billion)
- 5.4 Powertrain Type segment analysis 2019 - 2023
- Historic Market Size - Powertrain Type Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 The AI impact on Global Hybrid Vehicle Market
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Vehicle Type
- 8 Market Segmentation by Vehicle Type
- 8.1 Market segments
- Chart on Vehicle Type - Market share 2024-2029 (%)
- Data Table on Vehicle Type - Market share 2024-2029 (%)
- 8.2 Comparison by Vehicle Type
- Chart on Comparison by Vehicle Type
- Data Table on Comparison by Vehicle Type
- 8.3 Passenger cars - Market size and forecast 2024-2029
- Chart on Passenger cars - Market size and forecast 2024-2029 ($ billion)
- Data Table on Passenger cars - Market size and forecast 2024-2029 ($ billion)
- Chart on Passenger cars - Year-over-year growth 2024-2029 (%)
- Data Table on Passenger cars - Year-over-year growth 2024-2029 (%)
- 8.4 Light commercial vehicles - Market size and forecast 2024-2029
- Chart on Light commercial vehicles - Market size and forecast 2024-2029 ($ billion)
- Data Table on Light commercial vehicles - Market size and forecast 2024-2029 ($ billion)
- Chart on Light commercial vehicles - Year-over-year growth 2024-2029 (%)
- Data Table on Light commercial vehicles - Year-over-year growth 2024-2029 (%)
- 8.5 Heavy commercial vehicles - Market size and forecast 2024-2029
- Chart on Heavy commercial vehicles - Market size and forecast 2024-2029 ($ billion)
- Data Table on Heavy commercial vehicles - Market size and forecast 2024-2029 ($ billion)
- Chart on Heavy commercial vehicles - Year-over-year growth 2024-2029 (%)
- Data Table on Heavy commercial vehicles - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ billion)
- Data Table on Market opportunity by Vehicle Type ($ billion)
9 Market Segmentation by Component
- 9 Market Segmentation by Component
- 9.1 Market segments
- Chart on Component - Market share 2024-2029 (%)
- Data Table on Component - Market share 2024-2029 (%)
- 9.2 Comparison by Component
- Chart on Comparison by Component
- Data Table on Comparison by Component
- 9.3 Battery - Market size and forecast 2024-2029
- Chart on Battery - Market size and forecast 2024-2029 ($ billion)
- Data Table on Battery - Market size and forecast 2024-2029 ($ billion)
- Chart on Battery - Year-over-year growth 2024-2029 (%)
- Data Table on Battery - Year-over-year growth 2024-2029 (%)
- 9.4 Electric motor - Market size and forecast 2024-2029
- Chart on Electric motor - Market size and forecast 2024-2029 ($ billion)
- Data Table on Electric motor - Market size and forecast 2024-2029 ($ billion)
- Chart on Electric motor - Year-over-year growth 2024-2029 (%)
- Data Table on Electric motor - Year-over-year growth 2024-2029 (%)
- 9.5 Transmission - Market size and forecast 2024-2029
- Chart on Transmission - Market size and forecast 2024-2029 ($ billion)
- Data Table on Transmission - Market size and forecast 2024-2029 ($ billion)
- Chart on Transmission - Year-over-year growth 2024-2029 (%)
- Data Table on Transmission - Year-over-year growth 2024-2029 (%)
- 9.6 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 9.7 Market opportunity by Component
- Market opportunity by Component ($ billion)
- Data Table on Market opportunity by Component ($ billion)
10 Market Segmentation by Powertrain Type
- 10 Market Segmentation by Powertrain Type
- 10.1 Market segments
- Chart on Powertrain Type - Market share 2024-2029 (%)
- Data Table on Powertrain Type - Market share 2024-2029 (%)
- 10.2 Comparison by Powertrain Type
- Chart on Comparison by Powertrain Type
- Data Table on Comparison by Powertrain Type
- 10.3 Parallel hybrid - Market size and forecast 2024-2029
- Chart on Parallel hybrid - Market size and forecast 2024-2029 ($ billion)
- Data Table on Parallel hybrid - Market size and forecast 2024-2029 ($ billion)
- Chart on Parallel hybrid - Year-over-year growth 2024-2029 (%)
- Data Table on Parallel hybrid - Year-over-year growth 2024-2029 (%)
- 10.4 Power-split hybrid - Market size and forecast 2024-2029
- Chart on Power-split hybrid - Market size and forecast 2024-2029 ($ billion)
- Data Table on Power-split hybrid - Market size and forecast 2024-2029 ($ billion)
- Chart on Power-split hybrid - Year-over-year growth 2024-2029 (%)
- Data Table on Power-split hybrid - Year-over-year growth 2024-2029 (%)
- 10.5 Series hybrid - Market size and forecast 2024-2029
- Chart on Series hybrid - Market size and forecast 2024-2029 ($ billion)
- Data Table on Series hybrid - Market size and forecast 2024-2029 ($ billion)
- Chart on Series hybrid - Year-over-year growth 2024-2029 (%)
- Data Table on Series hybrid - Year-over-year growth 2024-2029 (%)
- 10.6 Market opportunity by Powertrain Type
- Market opportunity by Powertrain Type ($ billion)
- Data Table on Market opportunity by Powertrain Type ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - APAC
- Data Table on Regional Comparison - APAC
- 12.3.1 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.3.2 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.3.3 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.3.4 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.3.5 Thailand - Market size and forecast 2024-2029
- Chart on Thailand - Market size and forecast 2024-2029 ($ billion)
- Data Table on Thailand - Market size and forecast 2024-2029 ($ billion)
- Chart on Thailand - Year-over-year growth 2024-2029 (%)
- Data Table on Thailand - Year-over-year growth 2024-2029 (%)
- 12.3.6 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
- 12.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - North America
- Data Table on Regional Comparison - North America
- 12.4.1 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.4.2 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.4.3 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Europe
- Data Table on Regional Comparison - Europe
- 12.5.1 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.5.2 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.5.3 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.5.4 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.5.5 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
- 12.5.6 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
- 12.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Middle East and Africa
- Data Table on Regional Comparison - Middle East and Africa
- 12.6.1 UAE - Market size and forecast 2024-2029
- Chart on UAE - Market size and forecast 2024-2029 ($ billion)
- Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
- Chart on UAE - Year-over-year growth 2024-2029 (%)
- Data Table on UAE - Year-over-year growth 2024-2029 (%)
- 12.6.2 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 12.6.3 South Africa - Market size and forecast 2024-2029
- Chart on South Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on South Africa - Year-over-year growth 2024-2029 (%)
- Data Table on South Africa - Year-over-year growth 2024-2029 (%)
- 12.6.4 Egypt - Market size and forecast 2024-2029
- Chart on Egypt - Market size and forecast 2024-2029 ($ billion)
- Data Table on Egypt - Market size and forecast 2024-2029 ($ billion)
- Chart on Egypt - Year-over-year growth 2024-2029 (%)
- Data Table on Egypt - Year-over-year growth 2024-2029 (%)
- 12.6.5 Israel - Market size and forecast 2024-2029
- Chart on Israel - Market size and forecast 2024-2029 ($ billion)
- Data Table on Israel - Market size and forecast 2024-2029 ($ billion)
- Chart on Israel - Year-over-year growth 2024-2029 (%)
- Data Table on Israel - Year-over-year growth 2024-2029 (%)
- 12.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - South America
- Data Table on Regional Comparison - South America
- 12.7.1 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.7.2 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 12.7.3 Chile - Market size and forecast 2024-2029
- Chart on Chile - Market size and forecast 2024-2029 ($ billion)
- Data Table on Chile - Market size and forecast 2024-2029 ($ billion)
- Chart on Chile - Year-over-year growth 2024-2029 (%)
- Data Table on Chile - Year-over-year growth 2024-2029 (%)
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Stringent emission control
- High popularity of luxury vehicles
- Incentives offered to enhance adoption rates of HEVs
- 13.2 Market challenges
- Rising demand for BEVs and FCEVs
- Less awareness of hybrid vehicles among consumers
- High costs of hybrid vehicles
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Rising adoption of green vehicles
- Rising demand for lightweight vehicles
- Recent developments in hybrid vehicles
14 Competitive Landscape
- 14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Bayerische Motoren Werke AG
- Bayerische Motoren Werke AG - Overview
- Bayerische Motoren Werke AG - Business segments
- Bayerische Motoren Werke AG - Key offerings
- Bayerische Motoren Werke AG - Segment focus
- SWOT
- 15.5 Chery Automobile Co. Ltd.
- Chery Automobile Co. Ltd. - Overview
- Chery Automobile Co. Ltd. - Product / Service
- Chery Automobile Co. Ltd. - Key offerings
- SWOT
- 15.6 Ford Motor Co.
- Ford Motor Co. - Overview
- Ford Motor Co. - Business segments
- Ford Motor Co. - Key offerings
- Ford Motor Co. - Segment focus
- SWOT
- 15.7 General Motors Co.
- General Motors Co. - Overview
- General Motors Co. - Business segments
- General Motors Co. - Key news
- General Motors Co. - Key offerings
- General Motors Co. - Segment focus
- SWOT
- 15.8 Honda Motor Co. Ltd.
- Honda Motor Co. Ltd. - Overview
- Honda Motor Co. Ltd. - Business segments
- Honda Motor Co. Ltd. - Key news
- Honda Motor Co. Ltd. - Key offerings
- Honda Motor Co. Ltd. - Segment focus
- SWOT
- 15.9 Hyundai Motor Co.
- Hyundai Motor Co. - Overview
- Hyundai Motor Co. - Business segments
- Hyundai Motor Co. - Key news
- Hyundai Motor Co. - Key offerings
- Hyundai Motor Co. - Segment focus
- SWOT
- 15.10 KIA CORP.
- KIA CORP. - Overview
- KIA CORP. - Product / Service
- KIA CORP. - Key offerings
- SWOT
- 15.11 Mazda Motor Corp.
- Mazda Motor Corp. - Overview
- Mazda Motor Corp. - Business segments
- Mazda Motor Corp. - Key offerings
- Mazda Motor Corp. - Segment focus
- SWOT
- 15.12 Mercedes Benz Group AG
- Mercedes Benz Group AG - Overview
- Mercedes Benz Group AG - Product / Service
- Mercedes Benz Group AG - Key offerings
- SWOT
- 15.13 Mitsubishi Motors Corp.
- Mitsubishi Motors Corp. - Overview
- Mitsubishi Motors Corp. - Business segments
- Mitsubishi Motors Corp. - Key news
- Mitsubishi Motors Corp. - Key offerings
- Mitsubishi Motors Corp. - Segment focus
- SWOT
- 15.14 Nissan Motor Co. Ltd.
- Nissan Motor Co. Ltd. - Overview
- Nissan Motor Co. Ltd. - Business segments
- Nissan Motor Co. Ltd. - Key news
- Nissan Motor Co. Ltd. - Key offerings
- Nissan Motor Co. Ltd. - Segment focus
- SWOT
- 15.15 SAIC Motor Corp. Ltd.
- SAIC Motor Corp. Ltd. - Overview
- SAIC Motor Corp. Ltd. - Business segments
- SAIC Motor Corp. Ltd. - Key offerings
- SAIC Motor Corp. Ltd. - Segment focus
- SWOT
- 15.16 Toyota Motor Corp.
- Toyota Motor Corp. - Overview
- Toyota Motor Corp. - Business segments
- Toyota Motor Corp. - Key news
- Toyota Motor Corp. - Key offerings
- Toyota Motor Corp. - Segment focus
- SWOT
- 15.17 Volkswagen AG
- Volkswagen AG - Overview
- Volkswagen AG - Business segments
- Volkswagen AG - Key news
- Volkswagen AG - Key offerings
- Volkswagen AG - Segment focus
- SWOT
- 15.18 Volvo Car Corp.
- Volvo Car Corp. - Overview
- Volvo Car Corp. - Product / Service
- Volvo Car Corp. - Key offerings
- SWOT
16 Appendix
- 16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
INFORMATION SOURCES
DATA ANALYSIS
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