Hybrid Vehicle Market worth 7,593 Thousand Units by 2025

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MarketsandMarkets Presents

Hybrid Vehicle Market worth 7,593 Thousand Units
by 2025
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ybrid-vehicle-market-159441728.html
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The report "Hybrid Vehicle Market by Electric
Powertrain (Parallel, Series), Degree of
Hybridization (Full, Micro, and Mild), Propulsion
(HEV, PHEV, and NGV), Vehicle Type (PC, CV),
Component (Battery, Electric Motor, and
Transmission), and Region - Global Forecast to
2025", The hybrid vehicle market is estimated to
be 4,169 Thousand Units in 2018 and is projected
to reach a market size of 7,593 Thousand Units by
2025, growing at a CAGR of 8.94 during the
forecast period. The market is driven by factors
such as better fuel efficiency, longer driving
range than other electric vehicles, less
emissions, and government initiatives pertaining
to hybrid vehicles and electric
infrastructure. Get The PDF Brochure For This
Report https//www.marketsandmarkets.com/pdfdown
loadNew.asp?id159441728 Browse 54 market data
Tables and 71 Figures spread through 154 Pages
and in-depth TOC on "Hybrid Vehicle Market
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ybrid-vehicle-market-159441728.html
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Asia Pacific is projected to be the fastest
growing regional market for a hybrid vehicle Asia
Pacific represents the biggest market for green
technologies in the world. The growth of hybrid
vehicles in the region is mainly attributed to
the huge sales volume in Japan and China. To
combat rising emissions, countries in the region
are focusing on deploying a large fleet of
low-emission vehicles in the next few years.
Also, Asia Pacific region is the home for major
players in the hybrid vehicle market such as
Toyota, Honda, Nissan, Kia, BYD, Hyundai, and
others. Toyota has the highest share in the
hybrid vehicle sales worldwide. Moreover,
governments of Asian countries are supporting the
growth by providing subsidies which are fueling
the hybrid vehicle market in the
region. Passenger car segment to be the largest
segment of the hybrid vehicle market, by vehicle
type The passenger car segment is projected to
lead the hybrid vehicle market. The growth can be
attributed to the high demand for personal
mobility, increasing per capita income, and
improved lifestyle, which are the driving factors
of the sales of passenger cars. The high sales of
passenger cars, stringent emission laws, and
increasing demand for mid- and large-sized cars
are propelling the growth of passenger cars in
the hybrid vehicle market. Also, the governments
in many countries are providing purchase grants
and tax rebates on the purchase or lease of
hybrid vehicles. Request Sample of the
report https//www.marketsandmarkets.com/requests
ampleNew.asp?id159441728
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The parallel hybrid segment is estimated to be
the fastest growing and the largest market in the
hybrid vehicle market during the forecast
period Parallel hybrid is one of the fastest
growing markets by electric powertrain in the
hybrid vehicle market due to its less complex
system and high performance. It is also suitable
for long distance travel. Also, the energy
conversion losses are minimized in a parallel
hybrid as the engine and battery are connected to
the motor directly. The regenerative braking
system is the most commonly used technology in
hybrid vehicles. The use of the regenerative
braking system and the lesser cost of micro and
mild hybrids compared to PHEVs will boost the
demand for parallel hybrids. Hence, the parallel
hybrid segment is expected to dominate the hybrid
vehicle market during the forecast period. The
hybrid vehicle market is dominated by a few
global players and comprises several regional
players. Some of the key manufacturers operating
in the market are Toyota (Japan), Ford (US),
Volvo (Sweden), Continental (Germany), Daimler
(Germany), Delphi (UK), and others. Dont miss
out on business opportunities in Hybrid Vehicle
Market. Speak to our analyst and gain crucial
industry insights that will help your business
grow.
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