Hybrid Vehicle Market Share

1. Summary Hybrid Vehicle Market Share, Size, Report: Information by Electric Powertrain (Parallel, Series), by Propulsion (HEV, PHEV, NGV), by Component Type (Electric Motor, Transmission, Battery), by Degree of Hybridization, by Vehicle Type & by Region - Forecast till 2023 Hybrid Vehicle Market Overview The micro-hybrid vehicles market is expected to be majorly driven with the introduction of second- generation micro-hybrid systems, which include features such as energy regeneration and harvesting. Furthermore, many manufacturers are developing micro-hybrid systems with advanced concepts such as shutting off the engine at times of coasting and keeping the air conditioning running when the engine is not under function. Also, these vehicles are incorporated with mild levels of boost from batteries during acceleration. The global hybrid vehicle market is expected to rise with an impressive CAGR of 9% during the forecast period (2017-2023). Competitive Landscape Companies impacting the global hybrid vehicle market are Toyota Motor Corporation (Japan), The Ford Motor Company (U.S.), AB Volvo (Sweden), Continental AG (Germany) and ZF Friedrichshafen AG (Germany). Daimler AG (Germany), Hyundai Motor Company (South Korea), Honda Motor Company, Ltd. (Japan), Schaeffler Technologies AG & Co. KG (Germany), BorgWarner Inc. (U.S.), Delphi Technologies, Inc. (U.K.) and Allison Transmission (U.S.). MRFR in their latest report has made profiles of these companies based on their strategic decisions that include merger, acquisition, product launch, and other moves. In 2019, Ferrari launched their new hybrid car SF90 Stradale with their first model to include plug- in technology. The vehicle comes with 769 horsepower and can switch from 0 to 62mph in just 2.5 seconds with a top speed of 211 mph. The car also boasts the presence of 3 additional electric motors that contributes extra 217 horsepower. Market Segmentation The global hybrid vehicle market can be segmented by electric powertrain, propulsion, component type, hybridization, and vehicle type for a better understanding of the market. This allows MRFR in gaining insights to have a better predictive model of the market in the coming years. Based on the electric powertrain, the hybrid vehicle market can be segmented into parallel hybrid and series hybrid. Smaller and efficient engines have provided series hybrid cars with an ability to easily operate in urban and semi-urban regions owing to which its market dominance is quite impactful. Based on the propulsion, the hybrid vehicle market share includes hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and natural gas vehicle (NGV). The PHEV models are gaining prominence for their better miles per gallon measurement and cost-affordability.

2. Based on the component type, the hybrid vehicle market comprises electric motor, transmission, and battery. Based on the hybridization, the hybrid vehicle market includes micro hybrid, mild hybrid, and full hybrid vehicle. The full hybrid segment has the widest expansion with the highest sales record. Based on the vehicle type, the hybrid vehicle market share consists passenger car and commercial car. The passenger car segment is quite happening as growing concern regarding eco-friendly productions have led to the easy acceptance of such cars among clients. At the same time, major car makers are increasing their investment for the sector which can inspire easy growth. Regional Analysis North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are the four regions that have been included in the study of the hybrid vehicle market. MRFR, in their study, emphasized on finding out various growth opportunities across the globe as per the revelations made by region- specific figures. The APAC region is expected to ensure their dominance during the forecast period with their extraordinary growth rate. China is providing much traction to the global market. The region has adopted this technology to get rid off the pollution which has riddled the country. Europe is also expected to gain substantial growth during the forecast period. Stringent eco-friendly laws are expected to make the case strong for the incorporation of hybrid vehicles, ensuring a smoother movement ahead. Access Full Report @https://www.marketresearchfuture.com/reports/hybrid-vehicle-market-6025 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact Market Research Future +1 646 845 9312 Email: sales@marketresearchfuture.com