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.
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 CO₂ 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.
APAC is estimated to be the major revenue contributor to the market throughout the next four years. The increasing focus of governments in this region in promoting the adoption of battery electric vehicles and hybrid vehicles coupled with the rising demand for alternative fuel vehicles (AFV), will drive the prospects for market growth in this region. Additionally, the economic growth of emerging countries such as China and India will also result in rapid infrastructure development to support the use of hybrid vehicles.
In 2019, the market size of Hybrid Electric Vehicles is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Hybrid Electric Vehicles.
This report studies the global market size of Hybrid Electric Vehicles, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Hybrid Electric Vehicles production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Toyota
Hyundai
Honda
Ford
Nissan
...
Market Segment by Product Type
Commercial
Luxury Sedan
SUV
Mid-Luxury
Entry-Level
Market Segment by Application
Commercial
Industrial
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Hybrid Electric Vehicles status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Hybrid Electric Vehicles manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Hybrid Electric Vehicles are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Hybrid Electric Vehicles. Industry analysis & Market Report on Hybrid Electric Vehicles is a syndicated market report, published as Global (United States, European Union and China) Hybrid Electric Vehicles Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Hybrid Electric Vehicles market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.