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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

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Date: 10-May-2018
No. of pages: 154
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“Government initiatives supporting the development of HEVs and PHEVs are likely to propel the hybrid vehicle market”

The hybrid vehicle market is estimated to be 4,169thousand units in 2018 and is projected to grow at a CAGR of 8.94% during the forecast period (2018–2025), to reach a market size of 7,593thousand units by 2025.To reduce greenhouse gas emissions, governments in various countries are taking initiatives to create clean energy sources. Governments are increasingly investing in alternative sources of energy, such as HEVs, PHEV, NGVs, BEVs, and fuel cells. Hybrid vehicles are more fuel efficient than gasoline and diesel vehicles due to which the government is providing tax rebates and purchase grants to promote HEVs and PHEVs. Governments in various countries are also promoting NGVs as they have better fuel efficiency compared to fossil fuel-powered vehicles. Along with rebates and purchase grants, governments are supporting the electric infrastructure which is likely to increase the demand for PHEVs in the coming years. The increasing demand for Battery Electric Vehicles (BEVs) and Fuel Cell Electric Vehicles (FCEVs) is likely to be a major restraint for the growth of hybrid vehicles.

“The PHEV is estimated to be the fastest growing segment of the hybrid vehicle market, by propulsion, in terms of volume”

The trend in hybrid vehicles is growing toward PHEVs and Natural Gas Vehicles (NGVs). It is seen that the demand for hybrid vehicles is either falling or growing slowly. This is possibly due to the continuous decrease in the battery price as developed nations are focusing more toward zero-emission vehicles to cope with stringent emission standards. However, the sale of PHEVs and NGVs is rising due to the availability of these cars in mid- and large-sized segment. PHEVs and NGVs have better fuel efficiency compared to HEVs. PHEVs in larger vehicles are popular due to the increased complexity and cost in the development of dual power train systems on a smaller car. Norway and Sweden are focusing on consumer preferences for large PHEVs rather than making small electric vehicles which have boosted the sales of PHEVs over the years.

“The commercial vehicle segment is the fastest growing segment of hybrid vehicle market”

Though the passenger car market is estimated to be the largest in the hybrid vehicle market, commercial vehicle market is estimated to be the fastest growing market. The developments in terms of reducing emissions are also being seen in the commercial vehicle segment. OEMs such as Volvo, Scania, Daimler, and others are focusing on developing hybrid commercial vehicles to cope with the stringent emission norms. Also, a significant rise in freight sector has boosted the demand for commercial long haulage trucks. OEMs are developing hybrid trucks with benefits such as low emission and high fuel efficiency. This would enable high growth in the freight sector which relatively will increase the demand for hybrid commercial vehicles.

“Asia Pacific is estimated to be the fastest growing regional market for hybrid vehicles”

Asia Pacific is estimated to be the fastest growing market for hybrid vehicles, with Japan accounting for the largest market share in 2018. The market growth in the region can be attributed to the increased focus on the development of hybrid vehicle technology. The Asia Pacific region is home to major hybrid vehicle manufacturers, such as Toyota, Honda, Nissan, Kia, BYD, and Hyundai. Also, the government in the region is supporting the development of PHEVs and NGVs by providing purchase grants and tax rebates. The support from government and increasing sales are likely to boost the hybrid vehicle market in the region.

The study contains insights provided by various industry experts, ranging from equipment suppliers to Tier-1 companies and OEMs.

The break-up of the primaries is as follows:


  • By Company Type: Tier-1–43%, Tier-2–36%, and Tier 3–21%

  • By Designation: C—level Executives–57%, Directors–29%, Others–14%

  • By Region: North America–29%, Europe–38%, Asia Pacific–26%, RoW–7%


The report provides detailed profiles of the following companies


  • Toyota (Japan)

  • Ford (US)

  • Daimler (Germany)

  • Volvo (Sweden)

  • Hyundai (South Korea)

  • Honda (Japan)

  • Continental (Germany)

  • ZF (Germany)

  • Allison Transmission (US)

  • BorgWarner (Germany)

  • Schaeffler (Germany)

  • Bosch (Germany)

  • Mitsubishi (Japan)

  • GM (US)

  • Magna (Canada)


Research Coverage

The hybrid vehicle market has been segmented by electric powertrain type (parallel and series), component (battery, electric motor and transmission), propulsion (HEV, PHEV, and NGV), degree of hybridization (full hybrid, micro hybrid and mild hybrid), vehicle type (passenger car and commercial vehicle), and region (Asia Pacific, Europe, North America, and Rest of the World).The market has been projectedin terms of volume (units).

Reasons to Buy the Report:

The report provides insights into the following points:


  • Market Penetration: The report provides comprehensive information on hybrid vehicle market and the top players in the industry.

  • Regulatory Framework: The report offers detailed insights into norms leading to the hybrid vehicles and the effect of the regulations on the market.

  • Market Development: The report provides comprehensive information on various technologies of hybrid vehicles. The report analyzes the markets for various hybrid vehicle technologies across different countries.

  • Market Diversification: The report provides exhaustive information about emerging technologies, recent developments, and investments in the global hybrid vehicle market.

  • Competitive Assessment: The report offers an in-depth assessment of strategies, services, and manufacturing capabilities of leading players in the global hybrid vehicle market.

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

Table of Contents

1 Introduction
1.1 Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency & Pricing
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Hybrid Vehicle Market
4.2 Hybrid Vehicle Market, By Electric Powertrain Type, 2018–2025
4.3 Hybrid Vehicle Market, By Degree of Hybridization, 2018–2025
4.4 Hybrid Vehicle Market, By Propulsion, 2018–2025
4.5 Hybrid Vehicle Market, By Component Type, 2018–2025
4.6 Hybrid Vehicle Market, By Vehicle Type, 2018–2025
4.7 Hybrid Vehicle Market, By Region, 2018–2025

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Emission Norms
5.2.1.2 Optimum Fuel Efficiency
5.2.1.3 Continuous Reduction in Battery Price
5.2.2 Restraints
5.2.2.1 Rising Demand for BEVs and FCEVs
5.2.3 Opportunities
5.2.3.1 Government Initiatives Pertaining to Hybrid Vehicles
5.2.3.2 Growth in Developing Markets
5.2.4 Challenges
5.2.4.1 High Vehicle Cost
5.2.4.2 Insufficient Infrastructure and High Development Cost
5.3 Upcoming Hybrid Vehicle Models
5.4 Cng Station Numbers in Key Countries of Europe, 2016
5.5 Natural Gas (NG) Station Numbers in Key Countries, 2018

6 Technology Overview
6.1 Introduction
6.2 Micro Hybrid
6.3 Mild Hybrids
6.4 48 V Li-Ion Battery of Mild Hybrid Technology Roadmap
6.5 Full Hybrids
6.6 Plug-In Hybrids

7 Hybrid Vehicle Market, By Electric Powertrain Type
7.1 Introduction
7.2 Parallel Hybrid
7.3 Series Hybrid

8 Hybrid Vehicle Market, By Propulsion
8.1 Introduction
8.2 HEV
8.3 PHEV
8.4 NGV

9 Hybrid Vehicle Market, By Degree of Hybridization
9.1 Introduction
9.2 Micro Hybrid
9.3 Mild Hybrid
9.4 Full Hybrid Vehicle

10 Hybrid Vehicle Market, By Component Type
10.1 Introduction
10.2 Electric Motor
10.2.1 DC/DC Converter
10.2.2 DC/AC Converter
10.3 Transmission
10.4 Battery

11 Hybrid Vehicle Market, By Vehicle Type
11.1 Introduction
11.2 Passenger Car
11.3 Commercial Vehicle

12 Hybrid Vehicle Market, By Region
12.1 Introduction
12.2 Asia Pacific
12.2.1 China
12.2.2 India
12.2.3 Japan
12.2.4 South Korea
12.3 Europe
12.3.1 France
12.3.2 Germany
12.3.3 Italy
12.3.4 The Netherlands
12.3.5 Norway
12.3.6 Sweden
12.3.7 UK
12.4 North America
12.4.1 Canada
12.4.2 Mexico
12.4.3 US
12.5 RoW
12.5.1 Brazil
12.5.2 Russia

13 Competitive Landscape
13.1 Overview
13.2 Market Ranking Analysis
13.3 Competitive Scenario
13.3.1 New Product Developments
13.3.2 Collaborations/Joint Ventures/Supply Contracts/Partnerships/Agreements
13.3.3 Expansions, 2016–2018
13.3.4 Mergers & Acquisitions, 2017

14 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
14.1 Key Players
14.1.1 Toyota
14.1.2 Ford
14.1.3 Volvo
14.1.4 Continental
14.1.5 ZF
14.1.6 Daimler
14.1.7 Hyundai
14.1.8 Honda
14.1.9 Schaefler
14.1.10 Borgwarner
14.1.11 Delphi Technologies
14.1.12 Allison Transmission
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.
14.2 Key Players From Other Regions
14.2.1 North America
14.2.1.1 General Motors
14.2.1.2 Magna International
14.2.1.3 Cummins
14.2.1.4 American Axle & Manufacturing
14.2.2 Europe
14.2.2.1 Eaton
14.2.2.2 Mahle
14.2.2.3 Bosch
14.2.2.4 AVL
14.2.3 Asia Pacific
14.2.3.1 Denso
14.2.3.2 Mitsubishi Electric
14.2.3.3 LG Chemical
14.2.4 Rest of the World (RoW)
14.2.4.1 Yo-Auto
14.2.4.2 Avtovaz

15 Appendix
15.1 Discussion Guide – Hybrid Vehicle Market
15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
15.3 Introducing RT: Real Time Market Intelligence
15.4 Available Customizations
15.5 Related Reports
15.6 Author Details

List of Tables

Table 1 Currency Exchange Rates (W.R.T. USD)
Table 2 Heavy-Duty Vehicle Emission Regulation Scenario for Europe
Table 3 Overview of Global Tax Subsidies for Hybrid Vehicles
Table 4 Upcoming Hybrid Vehicle Models
Table 5 Key Functions of Hybrid Vehicles
Table 6 Hybrid Vehicle Market: By Electric Powertrain Type, 2016–2025 (Thousand Units)
Table 7 Parallel Hybrid: Hybrid Vehicle Market, By Propulsion, 2016–2025 (Thousand Units)
Table 8 Series Hybrid: Hybrid Vehicle Market, By Propulsion, 2016–2025 (Thousand Units)
Table 9 Hybrid Vehicle Market Size, By Propulsion, 2016–2025 ( Thousand Units)
Table 10 HEV: Hybrid Vehicle Market, By Region, 2016–2025 (Units)
Table 11 PHEV: Hybrid Vehicle Market, By Region, 2016–2025 (Units)
Table 12 NGV: Hybrid Vehicle Market, By Region, 2016–2025 (Units)
Table 13 Hybrid Vehicle Market: By Degree of Hybridization, 2016–2025 (Thousand Units)
Table 14 Micro Hybrid: Hybrid Vehicle Market, By Region, 2016–2025 (Thousand Units)
Table 15 Micro Hybrid: Hybrid Vehicle Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 16 Mild Hybrid: Hybrid Vehicle Market, By Region, 2016–2025 (Thousand Units)
Table 17 Mild Hybrid: Hybrid Vehicle Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 18 Full Hybrid: Hybrid Vehicle Market, By Region, 2016-2025 (Thousand Units)
Table 19 Full Hybrid: Hybrid Vehicle Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 20 Hybrid Vehicle Market, By Component Type, 2016–2025 (Thousand Units)
Table 21 Electric Motor: Hybrid Vehicle Market, By Region, 2016–2025 (Units)
Table 22 Electric Motor: Hybrid Vehicle Market, By Converter Type, 2016–2025 (Units)
Table 23 Transmission: Hybrid Vehicle Market, By Region, 2016–2025 (Units)
Table 24 Battery: Hybrid Vehicle Market, By Region, 2016–2025 (Units)
Table 25 Hybrid Vehicle Market Size, By Vehicle Type, 2016–2025 (Thousand Units)
Table 26 Passenger Car: Hybrid Vehicle Market Size, By Region, 2016–2025 (Thousand Units)
Table 27 Commercial Vehicle: Hybrid Vehicle Market, By Region, 2016–2025 (Thousand Units)
Table 28 Hybrid Vehicle Market, By Region, 2016–2025 (Thousand Units)
Table 29 Asia Pacific: Hybrid Vehicle Market, By Country, 2016–2025 (Thousand Units)
Table 30 Asia Pacific: Hybrid Vehicle Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 31 China: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 32 India: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 33 Japan: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 34 South Korea: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 35 Europe: Hybrid Vehicle Market, By Country, 2016–2025 (Thousand Units)
Table 36 Europe: Hybrid Vehicle Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 37 France: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 38 Germany: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 39 Italy: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 40 The Netherlands: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 41 Norway: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 42 Sweden: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 43 UK: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 44 North America: Hybrid Vehicle Market, By Country, 2016–2025 (Thousand Units)
Table 45 North America: Hybrid Vehicle Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 46 Canada: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 47 Mexico: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 48 US: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 49 RoW: Hybrid Vehicle Market, By Country, 2016–2025 (Thousand Units)
Table 50 RoW: Hybrid Vehicle Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 51 Brazil: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 52 Russia: Hybrid Vehicle Market, By Propulsion Type, 2016–2025 (Units)
Table 53 New Product Developments, 2017–2018
Table 54 Collaborations/Joint Ventures/Supply Contracts/Partnerships/Agreements, 2015–2017

List of Figures

Figure 1 Hybrid Vehicle Market: Markets Covered
Figure 2 Hybrid Vehicle Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology for the Hybrid Vehicle Market: Bottom-Up Approach
Figure 6 Data Triangulation
Figure 7 Key Countries in the Hybrid Vehicle Market: Japan is Estimated to Be the Largest Market By 2025 (Units)
Figure 8 Asia Pacific is Estimated to Be the Fastest Growing Market for Hybrid Vehicle, 2018 vs 2025 (Thousand Units)
Figure 9 Parallel Hybrid is Estimated to Hold the Largest Share of the Hybrid Vehicle Market, 2018 vs 2025 (Thousand Units)
Figure 10 PC Segment is Estimated to Hold the Largest Share of the Hybrid Vehicle Market, 2018 vs 2025 (Thousand Units)
Figure 11 Full Hybrid is Estimated to Hold the Largest Share of the Hybrid Vehicle Market, 2018 vs 2025 (Thousand Units)
Figure 12 Battery and Electric Motor are Estimated to Hold the Largest Share of the Hybrid Vehicle Market, 2018 vs 2025 (Thousand Units)
Figure 13 HEV is Estimated to Hold the Largest Share of the Hybrid Vehicle Market, 2018 vs 2025 (Thousand Units)
Figure 14 Better Fuel Efficiency and Increasing Emission Norms are Expected to Drive the Hybrid Vehicle Market
Figure 15 Parallel Hybrid to Hold the Largest Share, By Volume, in Hybrid Vehicle Market, By Electric Powertrain Type
Figure 16 Full Hybrid to Hold the Largest Share, By Volume, in Hybrid Vehicle Market, By Degree of Hybridization
Figure 17 HEV to Hold the Largest Share, By Volume, in Hybrid Vehicle Market, By Propulsion
Figure 18 Battery and Electric Motor to Hold the Largest Share, By Volume, in Hybrid Vehicle Market, By Component Type
Figure 19 Passenger Car to Hold the Largest Market Share in Hybrid Vehicle Market, 2018 vs 2025 (Thousand Units)
Figure 20 Asia Pacific to Hold the Largest Share, By Volume, in Hybrid Vehicle Market, By Region
Figure 21 Hybrid Vehicle Market: Market Dynamics
Figure 22 Emission Regulation Scenario for Key Countries
Figure 23 Hybrid Fuel Consumption Reduction for Key Hybrid Manufacturers, 2014
Figure 24 Battery Cost (USD/Kwh), 2009–2016
Figure 25 Battery Electric Vehicle Sales, 2012–2017
Figure 26 Timeline of Hybrid Vehicle
Figure 27 Working of Start-Stop System in Micro Hybrid Vehicle
Figure 28 48 v Electrical Architecture
Figure 29 Impact Analysis on 48 V Li-Ion Battery
Figure 30 Working of Hybrid Powertrain
Figure 31 Hybrid Vehicle Market: By Electric Powertrain Type, 2018 vs 2025 (Thousand Units)
Figure 32 Parallel Hybrid: Hybrid Vehicle Market, By Propulsion, 2018 vs 2025 (Thousand Units)
Figure 33 Series Hybrid: Hybrid Vehicle Market, By Propulsion, 2018 vs 2025 (Thousand Units)
Figure 34 Hybrid Vehicle Market, By Propulsion, 2018 vs 2025 (Thousand Units)
Figure 35 HEV: Hybrid Vehicle Market, By Region, 2018 vs 2025 ( Thousand Units)
Figure 36 PHEV: Hybrid Vehicle Market, By Region, 2018 vs 2025 (Units)
Figure 37 NGV: Hybrid Vehicle Market, By Region 2018 vs 2025 (Thousand Units)
Figure 38 Hybrid Vehicle Market: By Degree of Hybridization, 2018 vs 2025 (Thousand Units)
Figure 39 Micro Hybrid: Hybrid Vehicle Market, By Region, 2018 vs 2025 (Thousand Units)
Figure 40 Mild Hybrid: Hybrid Vehicle Market, By Region, 2018 vs 2025 (Thousand Units)
Figure 41 Full Hybrid: Hybrid Vehicle Market, By Region, 2018 vs 2025 (Thousand Units)
Figure 42 Hybrid Vehicle Market, By Component Type, 2018 vs 2025 (Thousand Units)
Figure 43 Electric Motor: Hybrid Vehicle Market, By Region, 2018 vs 2025 (Thousand Units)
Figure 44 Transmission: Hybrid Vehicle Market, By Region, 2018 vs 2025 (Thousand Units)
Figure 45 Battery: Hybrid Vehicle Market, By Region, 2018 vs 2025 (Thousand Units)
Figure 46 Hybrid Vehicle Market, By Vehicle Type, 2018 vs 2025 (Thousand Units)
Figure 47 Passenger Car: Hybrid Vehicle Market, By Region, 2018 vs 2025 (Thousand Units)
Figure 48 Commercial Vehicle: Hybrid Vehicle Market, By Region, 2018 vs 2025 (Thousand Units)
Figure 49 Hybrid Vehicle Market, By Region, 2018 and 2025 (Thousand Units)
Figure 50 Asia Pacific: Hybrid Vehicle Market, 2018 vs 2025 (Thousand Units)
Figure 51 Europe: Hybrid Vehicle Market, 2018 vs 2025 (Thousand Units)
Figure 52 North America: Hybrid Vehicle Market, 2018 vs 2025, (Thousand Units)
Figure 53 RoW: Hybrid Vehicle Market, 2018 vs 2025 (Thousand Units)
Figure 54 Key Developments By Leading Players in the Market, 2015–2018
Figure 55 Toyota: Company Snapshot (2017)
Figure 56 Toyota: SWOT Analysis
Figure 57 Ford: Company Snapshot (2017)
Figure 58 Ford: SWOT Analysis
Figure 59 Volvo: Company Snapshot (2017)
Figure 60 Volvo: SWOT Analysis
Figure 61 Continental: Company Snapshot (2017)
Figure 62 Continental: SWOT Analysis
Figure 63 ZF: Company Snapshot (2017)
Figure 64 ZF: SWOT Analysis
Figure 65 Daimler: Company Snapshot (2017)
Figure 66 Hyundai: Company Snapshot (2016)
Figure 67 Honda: Company Snapshot (2017)
Figure 68 Schaeffler: Company Snapshot (2017)
Figure 69 Borgwarner, Company Snapshot (2017)
Figure 70 Delphi, Company Snapshot (2017)
Figure 71 Allison Transmission: Company Snapshot (2017)

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