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Alternative Fuel and Hybrid Vehicle Market By Fuel Type, By Vehicle Type, By Vehicle Class: Global Opportunity Analysis and Industry Forecast, 2020-2030- Product Image
Alternative Fuel and Hybrid Vehicle Market By Fuel Type, By Vehicle Type, By Vehicle Class: Global Opportunity Analysis and Industry Forecast, 2020-2030- Product Image
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Alternative Fuel and Hybrid Vehicle Market By Fuel Type, By Vehicle Type, By Vehicle Class: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 220 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640505
UP TO OFF until Nov 15th 2024
Description Jump to:
Alternative fuel vehicle refers to a vehicle that is able to run on fuels other than traditional fuels, such as petrol, diesel and gasoline. These alternate fuels comprise of biofuels, ethanol, electricity, biodiesel, LPG, LNG, CNG, hydrogen gas, and fuel cells. The adoption of these vehicles has increased over the years owing to rise in environmental concerns and stringent regulations associated with vehicular emissions.

To reduce the rise in level of pollution caused from emissions of fossil fuels-based automobiles, many countries have started to offer schemes and incentives to promote alternative fuel and hybrid vehicles. Alternative fuel vehicles, such as electric vehicle runs on electric battery, leading to reduced environmental pollution. Governments are providing benefits, such as incentives, tax benefits, and others on the purchase of electric vehicles. For instance, in 2021, a tax credit of $4,000 on the purchase of light duty electric vehicle was offered by the Colorado government. Government support and various benefits for adoption of electric vehicle is expected to contribute in the growth of the alternative fuel and hybrid vehicle market.

Decrease in oil reserves globally, growth in prices of fossil fuels, increase in adoption of clean mobility solutions, stringent government norms for emission control, and growth in supportive government policies to promote adoption of alternative fuel vehicles are factors that drive the growth of the market. However, factors such as low fuel economy & performance associated with alternative fuel vehicles and lack of infrastructure to support alternative fuel vehicles are expected to hinder the growth of the market. Factors such as development of charging infrastructure, electrification of public fleet, and technological advancements are expected to accelerate the growth of this market during the forecast period.

The report segments the alternative fuel and hybrid vehicle industry on the basis of fuel type, vehicle type, vehicle class, and region. On the basis of fuel type, the market is segmented into hybrid vehicles, plugin hybrid vehicles, battery electric vehicles, and others. On the basis of vehicle type, it is divided into passenger cars, light commercial vehicles, and heavy commercial vehicle. Based on vehicle class, the market is divided into economical vehicles, mid-priced vehicles, and luxury vehicles. Region-wise, the market is analyzed across regions, such as North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global alternative fuel and hybrid vehicle market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall alternative fuel and hybrid vehicle market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global alternative fuel and hybrid vehicle market with a detailed impact analysis.
  • The current alternative fuel and hybrid vehicle market is quantitatively analyzed from 2021 to 2030 to benchmark financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments


By Fuel Type

  • Hybrid Vehicles
  • Plugin Hybrid Vehicles
  • Battery Electric Vehicles
  • Others (Gaseous Fuels, Biofuels)

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Vehicle Class

  • Economical Vehicles
  • Mid-priced Vehicles
  • Luxury Vehicles

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Netherlands
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • BMW Group
  • Ford Motor Company
  • Honda Motor Co., Ltd
  • Mercedes-Benz Group AG
  • Mitsubishi Motors Corporation
  • Nissan Motor Co., Ltd
  • Tesla, Inc.
  • Toyota Motor Corporation
  • Volkswagen AG
  • BYD Company Ltd

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET, BY FUEL TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Hybrid Vehicles
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Plugin Hybrid Vehicles
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Battery Electric Vehicles
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others (Gaseous Fuels, Biofuels)
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET, BY VEHICLE TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Passenger Cars
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Light Commercial Vehicles
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Heavy Commercial Vehicles
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET, BY VEHICLE CLASS
6.1 Overview
6.1.1 Market size and forecast
6.2 Economical Vehicles
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Mid-priced Vehicles
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Luxury Vehicles
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Fuel Type
7.2.3 North America Market size and forecast, by Vehicle Type
7.2.4 North America Market size and forecast, by Vehicle Class
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Fuel Type
7.2.5.1.2 Market size and forecast, by Vehicle Type
7.2.5.1.3 Market size and forecast, by Vehicle Class
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Fuel Type
7.2.5.2.2 Market size and forecast, by Vehicle Type
7.2.5.2.3 Market size and forecast, by Vehicle Class
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Fuel Type
7.2.5.3.2 Market size and forecast, by Vehicle Type
7.2.5.3.3 Market size and forecast, by Vehicle Class
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Fuel Type
7.3.3 Europe Market size and forecast, by Vehicle Type
7.3.4 Europe Market size and forecast, by Vehicle Class
7.3.5 Europe Market size and forecast, by country
7.3.5.1 United Kingdom
7.3.5.1.1 Market size and forecast, by Fuel Type
7.3.5.1.2 Market size and forecast, by Vehicle Type
7.3.5.1.3 Market size and forecast, by Vehicle Class
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Fuel Type
7.3.5.2.2 Market size and forecast, by Vehicle Type
7.3.5.2.3 Market size and forecast, by Vehicle Class
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Fuel Type
7.3.5.3.2 Market size and forecast, by Vehicle Type
7.3.5.3.3 Market size and forecast, by Vehicle Class
7.3.5.4 Netherlands
7.3.5.4.1 Market size and forecast, by Fuel Type
7.3.5.4.2 Market size and forecast, by Vehicle Type
7.3.5.4.3 Market size and forecast, by Vehicle Class
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Fuel Type
7.3.5.5.2 Market size and forecast, by Vehicle Type
7.3.5.5.3 Market size and forecast, by Vehicle Class
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Fuel Type
7.4.3 Asia-Pacific Market size and forecast, by Vehicle Type
7.4.4 Asia-Pacific Market size and forecast, by Vehicle Class
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Fuel Type
7.4.5.1.2 Market size and forecast, by Vehicle Type
7.4.5.1.3 Market size and forecast, by Vehicle Class
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Fuel Type
7.4.5.2.2 Market size and forecast, by Vehicle Type
7.4.5.2.3 Market size and forecast, by Vehicle Class
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Fuel Type
7.4.5.3.2 Market size and forecast, by Vehicle Type
7.4.5.3.3 Market size and forecast, by Vehicle Class
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Fuel Type
7.4.5.4.2 Market size and forecast, by Vehicle Type
7.4.5.4.3 Market size and forecast, by Vehicle Class
7.4.5.5 Rest Of Asia Pacific
7.4.5.5.1 Market size and forecast, by Fuel Type
7.4.5.5.2 Market size and forecast, by Vehicle Type
7.4.5.5.3 Market size and forecast, by Vehicle Class
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Fuel Type
7.5.3 LAMEA Market size and forecast, by Vehicle Type
7.5.4 LAMEA Market size and forecast, by Vehicle Class
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Fuel Type
7.5.5.1.2 Market size and forecast, by Vehicle Type
7.5.5.1.3 Market size and forecast, by Vehicle Class
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Fuel Type
7.5.5.2.2 Market size and forecast, by Vehicle Type
7.5.5.2.3 Market size and forecast, by Vehicle Class
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Fuel Type
7.5.5.3.2 Market size and forecast, by Vehicle Type
7.5.5.3.3 Market size and forecast, by Vehicle Class
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 BMW Group
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Ford Motor Company
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Honda Motor Co., Ltd
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Mercedes-Benz Group AG
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Mitsubishi Motors Corporation
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Nissan Motor Co., Ltd
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Tesla, Inc.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Toyota Motor Corporation
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Volkswagen AG
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 BYD Company Ltd
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Alternative Fuel and Hybrid Vehicle Market, by Fuel Type, 2020-2030, ($Billion)
Table 2. Alternative Fuel and Hybrid Vehicle Market Revenue, for Hybrid Vehicles, by Region, 2020-2030, ($Billion)
Table 3. Alternative Fuel and Hybrid Vehicle Market Hybrid Vehicles by Country, 2020-2030, ($Billion)
Table 4. Alternative Fuel and Hybrid Vehicle Market Revenue, for Plugin Hybrid Vehicles, by Region, 2020-2030, ($Billion)
Table 5. Alternative Fuel and Hybrid Vehicle Market Plugin Hybrid Vehicles by Country, 2020-2030, ($Billion)
Table 6. Alternative Fuel and Hybrid Vehicle Market Revenue, for Battery Electric Vehicles, by Region, 2020-2030, ($Billion)
Table 7. Alternative Fuel and Hybrid Vehicle Market Battery Electric Vehicles by Country, 2020-2030, ($Billion)
Table 8. Alternative Fuel and Hybrid Vehicle Market Revenue, for Others (Gaseous Fuels, Biofuels), by Region, 2020-2030, ($Billion)
Table 9. Alternative Fuel and Hybrid Vehicle Market Others (Gaseous Fuels, Biofuels) by Country, 2020-2030, ($Billion)
Table 10. Global Alternative Fuel and Hybrid Vehicle Market, by Vehicle Type, 2020-2030, ($Billion)
Table 11. Alternative Fuel and Hybrid Vehicle Market Revenue, for Passenger Cars, by Region, 2020-2030, ($Billion)
Table 12. Alternative Fuel and Hybrid Vehicle Market Passenger Cars by Country, 2020-2030, ($Billion)
Table 13. Alternative Fuel and Hybrid Vehicle Market Revenue, for Light Commercial Vehicles, by Region, 2020-2030, ($Billion)
Table 14. Alternative Fuel and Hybrid Vehicle Market Light Commercial Vehicles by Country, 2020-2030, ($Billion)
Table 15. Alternative Fuel and Hybrid Vehicle Market Revenue, for Heavy Commercial Vehicles, by Region, 2020-2030, ($Billion)
Table 16. Alternative Fuel and Hybrid Vehicle Market Heavy Commercial Vehicles by Country, 2020-2030, ($Billion)
Table 17. Global Alternative Fuel and Hybrid Vehicle Market, by Vehicle Class, 2020-2030, ($Billion)
Table 18. Alternative Fuel and Hybrid Vehicle Market Revenue, for Economical Vehicles, by Region, 2020-2030, ($Billion)
Table 19. Alternative Fuel and Hybrid Vehicle Market Economical Vehicles by Country, 2020-2030, ($Billion)
Table 20. Alternative Fuel and Hybrid Vehicle Market Revenue, for Mid-Priced Vehicles, by Region, 2020-2030, ($Billion)
Table 21. Alternative Fuel and Hybrid Vehicle Market Mid-Priced Vehicles by Country, 2020-2030, ($Billion)
Table 22. Alternative Fuel and Hybrid Vehicle Market Revenue, for Luxury Vehicles, by Region, 2020-2030, ($Billion)
Table 23. Alternative Fuel and Hybrid Vehicle Market Luxury Vehicles by Country, 2020-2030, ($Billion)
Table 24. Alternative Fuel and Hybrid Vehicle Market, by Region, 2020-2030, ($Billion)
Table 25. North America Alternative Fuel and Hybrid Vehicle Market, by Fuel Type, 2020-2030, ($Billion)
Table 26. North America Alternative Fuel and Hybrid Vehicle Market, by Vehicle Type, 2020-2030, ($Billion)
Table 27. North America Alternative Fuel and Hybrid Vehicle Market, by Vehicle Class, 2020-2030, ($Billion)
Table 28. North America Alternative Fuel and Hybrid Vehicle Market, by Country, 2020-2030, ($Billion)
Table 29. U.S. Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 30. U.S. Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 31. U.S. Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 32. Canada Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 33. Canada Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 34. Canada Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 35. Mexico Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 36. Mexico Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 37. Mexico Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 38. Europe Alternative Fuel and Hybrid Vehicle Market, by Fuel Type, 2020-2030, ($Billion)
Table 39. Europe Alternative Fuel and Hybrid Vehicle Market, by Vehicle Type, 2020-2030, ($Billion)
Table 40. Europe Alternative Fuel and Hybrid Vehicle Market, by Vehicle Class, 2020-2030, ($Billion)
Table 41. Europe Alternative Fuel and Hybrid Vehicle Market, by Country, 2020-2030, ($Billion)
Table 42. United Kingdom Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 43. United Kingdom Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 44. United Kingdom Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 45. Germany Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 46. Germany Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 47. Germany Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 48. France Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 49. France Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 50. France Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 51. Netherlands Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 52. Netherlands Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 53. Netherlands Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 54. Rest of Europe Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 55. Rest of Europe Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 56. Rest of Europe Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 57. Asia-Pacific Alternative Fuel and Hybrid Vehicle Market, by Fuel Type, 2020-2030, ($Billion)
Table 58. Asia-Pacific Alternative Fuel and Hybrid Vehicle Market, by Vehicle Type, 2020-2030, ($Billion)
Table 59. Asia-Pacific Alternative Fuel and Hybrid Vehicle Market, by Vehicle Class, 2020-2030, ($Billion)
Table 60. Asia-Pacific Alternative Fuel and Hybrid Vehicle Market, by Country, 2020-2030, ($Billion)
Table 61. China Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 62. China Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 63. China Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 64. Japan Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 65. Japan Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 66. Japan Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 67. India Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 68. India Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 69. India Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 70. South Korea Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 71. South Korea Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 72. South Korea Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 73. Rest of Asia-Pacific Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 74. Rest of Asia-Pacific Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 75. Rest of Asia-Pacific Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 76. LAMEA Alternative Fuel and Hybrid Vehicle Market, by Fuel Type, 2020-2030, ($Billion)
Table 77. LAMEA Alternative Fuel and Hybrid Vehicle Market, by Vehicle Type, 2020-2030, ($Billion)
Table 78. LAMEA Alternative Fuel and Hybrid Vehicle Market, by Vehicle Class, 2020-2030, ($Billion)
Table 79. LAMEA Alternative Fuel and Hybrid Vehicle Market, by Country, 2020-2030, ($Billion)
Table 80. Latin America Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 81. Latin America Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 82. Latin America Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 83. Middle East Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 84. Middle East Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 85. Middle East Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 86. Africa Alternative Fuel and Hybrid Vehicle Market by Fuel Type 2020-2030, ($Billion)
Table 87. Africa Alternative Fuel and Hybrid Vehicle Market by Vehicle Type 2020-2030, ($Billion)
Table 88. Africa Alternative Fuel and Hybrid Vehicle Market by Vehicle Class 2020-2030, ($Billion)
Table 89. Bmw Group: Company Snapshot
Table 90. Bmw Group: Operating Segments
Table 91. Bmw Group: Product Portfolio
Table 92. Bmw Group: Net Sales
Table 93. Bmw Group: Key Stratergies
Table 94. Ford Motor Company: Company Snapshot
Table 95. Ford Motor Company: Operating Segments
Table 96. Ford Motor Company: Product Portfolio
Table 97. Ford Motor Company: Net Sales
Table 98. Ford Motor Company: Key Stratergies
Table 99. Honda Motor Co., Ltd: Company Snapshot
Table 100. Honda Motor Co., Ltd: Operating Segments
Table 101. Honda Motor Co., Ltd: Product Portfolio
Table 102. Honda Motor Co., Ltd: Net Sales
Table 103. Honda Motor Co., Ltd: Key Stratergies
Table 104. Mercedes-Benz Group Ag: Company Snapshot
Table 105. Mercedes-Benz Group Ag: Operating Segments
Table 106. Mercedes-Benz Group Ag: Product Portfolio
Table 107. Mercedes-Benz Group Ag: Net Sales
Table 108. Mercedes-Benz Group Ag: Key Stratergies
Table 109. Mitsubishi Motors Corporation: Company Snapshot
Table 110. Mitsubishi Motors Corporation: Operating Segments
Table 111. Mitsubishi Motors Corporation: Product Portfolio
Table 112. Mitsubishi Motors Corporation: Net Sales
Table 113. Mitsubishi Motors Corporation: Key Stratergies
Table 114. Nissan Motor Co., Ltd: Company Snapshot
Table 115. Nissan Motor Co., Ltd: Operating Segments
Table 116. Nissan Motor Co., Ltd: Product Portfolio
Table 117. Nissan Motor Co., Ltd: Net Sales
Table 118. Nissan Motor Co., Ltd: Key Stratergies
Table 119. Tesla, Inc.: Company Snapshot
Table 120. Tesla, Inc.: Operating Segments
Table 121. Tesla, Inc.: Product Portfolio
Table 122. Tesla, Inc.: Net Sales
Table 123. Tesla, Inc.: Key Stratergies
Table 124. Toyota Motor Corporation: Company Snapshot
Table 125. Toyota Motor Corporation: Operating Segments
Table 126. Toyota Motor Corporation: Product Portfolio
Table 127. Toyota Motor Corporation: Net Sales
Table 128. Toyota Motor Corporation: Key Stratergies
Table 129. Volkswagen Ag: Company Snapshot
Table 130. Volkswagen Ag: Operating Segments
Table 131. Volkswagen Ag: Product Portfolio
Table 132. Volkswagen Ag: Net Sales
Table 133. Volkswagen Ag: Key Stratergies
Table 134. Byd Company Ltd: Company Snapshot
Table 135. Byd Company Ltd: Operating Segments
Table 136. Byd Company Ltd: Product Portfolio
Table 137. Byd Company Ltd: Net Sales
Table 138. Byd Company Ltd: Key Stratergies
LIST OF FIGURES
Figure 1. Alternative Fuel and Hybrid Vehicle Market Segmentation
Figure 2. Alternative Fuel and Hybrid Vehicle Market, 2020-2030
Figure 3. Alternative Fuel and Hybrid Vehicle Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Alternative Fuel and Hybrid Vehicle Market:Drivers, Restraints and Opportunities
Figure 11. Alternative Fuel and Hybrid Vehicle Market, by Fuel Type, 2020 (%)
Figure 12. Comparative Share Analysis of Hybrid Vehicles Alternative Fuel and Hybrid Vehicle Market, 2020-2030 (%)
Figure 13. Comparative Share Analysis of Plugin Hybrid Vehicles Alternative Fuel and Hybrid Vehicle Market, 2020-2030 (%)
Figure 14. Comparative Share Analysis of Battery Electric Vehicles Alternative Fuel and Hybrid Vehicle Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Others (Gaseous Fuels, Biofuels) Alternative Fuel and Hybrid Vehicle Market, 2020-2030 (%)
Figure 16. Alternative Fuel and Hybrid Vehicle Market, by Vehicle Type, 2020 (%)
Figure 17. Comparative Share Analysis of Passenger Cars Alternative Fuel and Hybrid Vehicle Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Light Commercial Vehicles Alternative Fuel and Hybrid Vehicle Market, 2020-2030 (%)
Figure 19. Comparative Share Analysis of Heavy Commercial Vehicles Alternative Fuel and Hybrid Vehicle Market, 2020-2030 (%)
Figure 20. Alternative Fuel and Hybrid Vehicle Market, by Vehicle Class, 2020 (%)
Figure 21. Comparative Share Analysis of Economical Vehicles Alternative Fuel and Hybrid Vehicle Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Mid-Priced Vehicles Alternative Fuel and Hybrid Vehicle Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Luxury Vehicles Alternative Fuel and Hybrid Vehicle Market, 2020-2030 (%)
Figure 24. Alternative Fuel and Hybrid Vehicle Market by Region, 2020
Figure 25. U.S. Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 26. Canada Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 27. Mexico Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 28. United Kingdom Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 29. Germany Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 30. France Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 31. Netherlands Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 32. Rest of Europe Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 33. China Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 34. Japan Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 35. India Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 36. South Korea Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 37. Rest of Asia-Pacific Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 38. Latin America Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 39. Middle East Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 40. Africa Alternative Fuel and Hybrid Vehicle Market, 2020-2030 ($Billion)
Figure 41. Top Winning Strategies, by Year
Figure 42. Top Winning Strategies, by Development
Figure 43. Top Winning Strategies, by Company
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap of Top 10 Key Players
Figure 47. BMW Group.: Net Sales, ($Billion)
Figure 48. Ford Motor Company.: Net Sales, ($Billion)
Figure 49. Honda Motor Co. Ltd.: Net Sales, ($Billion)
Figure 50. Mercedes-Benz Group AG.: Net Sales, ($Billion)
Figure 51. Mitsubishi Motors Corporation.: Net Sales, ($Billion)
Figure 52. Nissan Motor Co. Ltd.: Net Sales, ($Billion)
Figure 53. Tesla, Inc. Net Sales, ($Billion)
Figure 54. Toyota Motor Corporation.: Net Sales, ($Billion)
Figure 55. Volkswagen AG.: Net Sales, ($Billion)
Figure 56. Byd Company Ltd.: Net Sales, ($Billion)

Executive Summary

According to this report titled, 'Alternative Fuel and Hybrid Vehicle Market,' the alternative fuel and hybrid vehicle market was valued at $352.0 billion in 2020, and is estimated to reach $7,976.0 billion by 2030, growing at a CAGR of 34.5% from 2021 to 2030.

Asia-Pacific is expected to dominate the alternative fuel and hybrid vehicle market owing to supportive government policies for adoption of alternative fuel and hybrid vehicles. Moreover, Asia-Pacific offers lucrative opportunities for developing low cost fuel efficient automobiles and alternate fuel public charging infrastructure.

In recent years, different countries have started to adopt electric vehicles across the globe to meet their emission standards. Global sale of electric car reached 3 million in 2020, with an increase of 40% from 2019. The global electric car stock reached 10 million in 2020, of which, battery electric vehicles accounted for two-thirds of the global electric car fleet. Europe experienced a significant increase in electric car registrations in 2020. The implementation of 2020 corporate average CO2 emissions standards in European Union, purchase subsidies, and favourable cash-for-clunker schemes contributed significantly to higher EV sales in 2020 despite the pandemic.

On the basis of fuel type, the global alternative fuel and hybrid vehicle market is segregated into hybrid vehicles, plugin hybrid vehicles, battery electric vehicles, and others. Several automobile manufacturers are innovating and integrating advanced features in alternative fuel and hybrid vehicles to offer maximum driving range with minimal emissions. For instance, in 2022, Toyota developed a hydrogen fuel cell-based electric vehicle, named 'MIRAI”, which covers about 1300 km on a single hydrogen fill.

The significant factors impacting the growth of the alternative fuel and hybrid vehicle industry include decrease in oil reserves across the globe, growth in prices of fossil fuels, increase in adoption of clean mobility solutions, stringent government norms for emission control, and growth in supportive government policies to promote adoption of alternative fuel vehicles. Moreover, low fuel economy & performance associated with alternative fuel vehicles, and lack of infrastructure to support alternative fuel vehicles are factors that hamper the market growth. Development of charging infrastructure, electrification of public fleet, and technological advancements are expected to offer growth opportunities during the forecast period.

COVID-19 Impact Analysis


The COVID-19 crisis created uncertainty in the market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. Governments of different regions announced total lockdown and temporarily shut down the industries, thereby adversely affecting the overall production and sales.

The impact of the COVID-19 pandemic resulted in supply-chain disruptions, causing halt in production of vehicles and low sales of passenger cars across the globe. Moreover, government-enforced lockdowns resulted in halt in production and decrease in demand for alternative vehicles during the COVID-19 period.

However, with the removal of lockdown restrictions, growth in sales of electric cars has been observed. For instance, sales for electric car was recorded 3 million in 2020 in comparison to 2019, stating growth of 40% from 2019. This rise in sales of electric vehicle is expected to contribute in the growth of the alternative fuel and hybrid vehicle market.

Key findings of the Study

  • By fuel type, the battery electric vehicles segment is anticipated to exhibit significant growth in the near future.
  • By vehicle type, the heavy commercial vehicle segment is anticipated to exhibit significant growth in the near future.
  • By vehicle class, the luxury vehicle segment is anticipated to exhibit significant growth in the near future.
  • By region, Europe is anticipated to register the highest CAGR during the forecast period.
  • Key players operating in the global alternative fuel and hybrid vehicle industry comprises BMW Group, BYD Company Ltd., Ford Motor Company, Honda Motor Co., Ltd., Mercedes-Benz Group AG, Mitsubishi Motors Corporation, Nissan Motor Co., Ltd., Tesla, Inc., Toyota Motor Corporation, and Volkswagen AG.

Companies Mentioned

  • BMW Group
  • Ford Motor Company
  • Honda Motor Co., Ltd
  • Mercedes-Benz Group AG
  • Mitsubishi Motors Corporation
  • Nissan Motor Co., Ltd
  • Tesla, Inc.
  • Toyota Motor Corporation
  • Volkswagen AG
  • BYD Company Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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