Report overview
A hybrid electric vehicle (HEV) is a type of hybrid vehicle that combines a conventional internal combustion engine (ICE) system with an electric propulsion system (hybrid vehicle drivetrain). The presence of the electric powertrain is intended to achieve either better fuel economy than a conventional vehicle or better performance. There is a variety of HEV types, and the degree to which each functions as an electric vehicle (EV) also varies. The most common form of HEV is the hybrid electric car, although hybrid electric trucks (pickups and tractors) and buses also exist.
This report aims to provide a comprehensive presentation of the global market for Hybrid Electric Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hybrid Electric Vehicles. This report contains market size and forecasts of Hybrid Electric Vehicles in global, including the following market information:
Global Hybrid Electric Vehicles Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Hybrid Electric Vehicles Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Hybrid Electric Vehicles companies in 2022 (%)
The global Hybrid Electric Vehicles market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The introduction of stringent regulations on emissions is one of the major factors that will have a positive impact on the growth of this market in the coming years. To minimize the negative effects of global warming and to reduce GHG emissions, governments of several countries across the globe have started introducing stringent emission norms. For instance, the European Union norms of 2009 set CO? emission level for new passenger cars at 130g/km. The European Union also introduced the Euro VI norms in 2016, which set the emission of nitrogen oxide below 0.4g/kWh and other emissions under 0.01g/kWh. Analysts predict that the countries such as Australia, Mexico, Russia, and Brazil will also implement stringent emission standards during the coming years, which, in turn, will propel the demand for hybrid vehicles during the estimated period.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Hybrid Electric Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Hybrid Electric Vehicles Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Hybrid Electric Vehicles Market Segment Percentages, by Type, 2022 (%)
Commercial
Luxury Sedan
SUV
Mid-Luxury
Entry-Level
Global Hybrid Electric Vehicles Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Hybrid Electric Vehicles Market Segment Percentages, by Application, 2022 (%)
Commercial
Industrial
Others
Global Hybrid Electric Vehicles Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Hybrid Electric Vehicles Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Hybrid Electric Vehicles revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Hybrid Electric Vehicles revenues share in global market, 2022 (%)
Key companies Hybrid Electric Vehicles sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Hybrid Electric Vehicles sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Toyota
Hyundai
Honda
Ford
Nissan
Outline of Major Chapters:
Chapter 1: Introduces the definition of Hybrid Electric Vehicles, market overview.
Chapter 2: Global Hybrid Electric Vehicles market size in revenue and volume.
Chapter 3: Detailed analysis of Hybrid Electric Vehicles manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Hybrid Electric Vehicles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Hybrid Electric Vehicles capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
