A recent report published by
Infinium Global Research on hybrid car market provides an in-depth analysis of
segments and sub-segments in global as well as regional hybrid car market. The
study also highlights the impact of drivers, restraints and macro indicators on
the global and regional hybrid car market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of the global hybrid car market. According to the report the global hybrid
car market is projected to grow at a CAGR of 16.6% over the forecast period of
2018-2024.
The hybrid car is a vehicle that
utilizes more than one form of onboard energy to achieve propulsion. A hybrid
car has a traditional internal-combustion engine with a fuel tank at the same
time it has one or more electric motors and a battery pack. The types of hybrids include series hybrids, parallel hybrid, and series-parallel hybrid.
Series hybrid is the oldest hybrid type while the parallel hybrid type is the
simplest and least costly type in current automotive use. Furthermore, in a
series-parallel hybrid vehicle type, computer monitors driving conditions and
the state of the battery decides which mode is most efficient at any given
moment. The seamless blending of these modes is then carried out by a unique
continuously variable transmission (CVT). Hybrid cars are sometimes mistakenly
confused with electric vehicles.
The hybrid cars market was worth XX
million in 2017 and is anticipated to reach XX million by 2024, in terms of
revenue. Rising concerns over increasing air pollutions have resulted to shift
towards eco-friendly vehicles, also stringent emission standards in various
countries and government encouragement in the adoption of hybrid cars by
providing subsidies and incentives are some of the factors that are driving the
growth of the hybrid car market. However, the high cost of hybrid cars, ease
and diverse availability of ICE cars may hamper the growth of the hybrid car
market. Technological advancements in hybrid cars and a reduction in the pricing of
a hybrid car can create huge opportunities in the near future.
Geographically, Asia Pacific
accounted for the largest market share in 2017, in terms of revenue. The
increasing awareness among consumers regarding the benefits of eco-friendly
vehicles, particularly in China and Japan, coupled with the government’s
incentives and subsidies are facilitating the dominance of the Asia Pacific hybrid
cars market. North America and Europe regions are expected to grow at a moderate
rate during the forecast period.
Key Developments: South Korean
automaker Kia plans to produce electric vehicles, hybrid vehicles in India. The
company is expected to launch its hybrid cars by 2021.
The report on the global hybrid
car market covers segments such as type, energy source, and vehicle type. On
the basis of type, the global hybrid car market is categorized into a series
hybrid, parallel hybrid, and combined hybrid. On the basis of energy source,
the global hybrid car market is categorized into ICE hybrid, fuel cell hybrid,
solar hybrid, and natural gas hybrid. On the basis of vehicle type the global
hybrid car market is categorized into passenger cars and commercial cars.
The report provides regional
analysis covering geographies such as North America, Europe, Asia-Pacific, and
Rest of the World. In this section, the key trends and market size for each
geography are provided over the period of 2016-2024. The countries covered in
the North America region include the U.S., Canada, and Mexico; while
Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and others. Moreover, Germany, U.K., France, Spain and Rest of Europe are included in
the European region. The U.S. drives the growth in the North America region as
it is the largest market in the region. The Asia-pacific region offers a
substantial potential for market growth owing to rapid growth in markets
such as India and China. The APAC region is projected to experience growth at
a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of
the companies in the global hybrid car market such as Toyota Motor Corp,
General Motors Co, Hyundai Motor Co, Ford Motor Co, Nissan Motor Co. Ltd., BMW,
Volkswagen AG, Honda Motor Co. Ltd., and FCA N.V.
The report provides deep insights
on demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the global hybrid car market. Moreover, the IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the hybrid car market. Moreover, the study highlights current
market trends and provides forecast from 2018-2024. We also have highlighted future
trends in the hybrid car market that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the hybrid car market to
understand the present and future trends in this market and formulate their
strategies accordingly.
Please Choose One of them.