The market is driven by stringent emission control, the high popularity of luxury vehicles, and incentives offered to enhance the adoption rates of HEVs
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The hybrid vehicle market is forecasted to grow by USD 1.21 trillion during 2023-2028, accelerating at a CAGR of 36% during the forecast period. The report on the hybrid vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent emission control, high popularity of luxury vehicles, and incentives offered to enhance adoption rates of hevs.
The hybrid vehicle market is segmented as below:
By Vehicle Type
- Passenger cars
- Light commercial vehicles
- Heavy commercial vehicles
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the hybrid vehicle market covers the following areas:
- Hybrid Vehicle Market sizing
- Hybrid Vehicle Market forecast
- Hybrid Vehicle Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Vehicle Type
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global hybrid vehicle market: Bayerische Motoren Werke AG, BYD Co. Ltd., Ford Motor Co., Honda Motor Co. Ltd., Hyundai Motor Co., Mercedes Benz Group AG, Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Renault SAS, Stellantis NV, Suzuki Motor Corp., Toyota Motor Corp., Volkswagen Group, and Volvo Car Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rising adoption of green vehicles."
According to the report, one of the major drivers for this market is the stringent emission control.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bayerische Motoren Werke AG
- BYD Co. Ltd.
- Ford Motor Co.
- Honda Motor Co. Ltd.
- Hyundai Motor Co.
- Mercedes Benz Group AG
- Mitsubishi Motors Corp.
- Nissan Motor Co. Ltd.
- Renault SAS
- Stellantis NV
- Suzuki Motor Corp.
- Toyota Motor Corp.
- Volkswagen Group
- Volvo Car Corp.
