Infinium Global Research has added a new report on Hybrid Car Market. The report presents analysis of global as well as regional markets of hybrid car market over the period of 2016 to 2024. 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 has resulted to shift towards eco-friendly vehicles, Also stringent emission standards in various countries and government encouragement in adoption of hybrid cars by providing subsides and incentives are some of the factors that are driving the growth of the hybrid car market. However 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 reduction in pricing of hybrid car can create huge opportunities in 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 government’s incentives and subsidies are facilitating the dominance for Asia Pacific hybrid cars market. North America and Europe region are expected to grow at the 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.
Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global hybrid car market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that Asia Pacific dominated the global hybrid car market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the hybrid car market worldwide.
The report segments the global hybrid car market on the basis of Type, Energy Source and Vehicle Type.
Global Hybrid Car Market by Type
· Series Hybrid
· Parallel Hybrid
· Combined Hybrid
Global Hybrid Car Market by Energy Source
· ICE Hybrid
· Fuel Cell Hybrid
· Solar Hybrid
· Natural Gas Hybrid
Global Hybrid Car Market by Vehicle Type
· Passenger Cars
· Commercial Cars
Companies Profiled in the Report
· Toyota Motor Corp
· General Motors Co
· Hyundai Motor Co
· Ford Motor Co
· Nissan Motor Co. Ltd.
· BMW
· Volkswagen AG
· Honda Motor Co. Ltd.
· FCA N.V.
About Infinium Global Research
Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.
Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.
