The global hybrid light vehicle market is expected to grow from USD 81.94 billion 2017 to USD 162.83 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 10.31%.
The factors attributing to the growth of the market are rising concerns pertaining to growing air pollution, increasing emission norms, and optimum fuel efficiency and reduction in battery price. However, some factors such as and rising demand for bevs and fcevs may hinder the market growth. The global hybrid light vehicle market is expected to showcase the opportunities such as asia pacific emerging as a potential market due to a rise in fuel price, introduction of technologically advanced eco-friendly passenger vehicles, and government initiatives to support the adoption of hybrid vehicles. In the near future, the market may face the possible challenges in the growth due to and high development cost and insufficient infrastructure. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global hybrid light vehicle market market.“Commercial Vehicle: The highest growing vehicle type for the global hybrid light vehicle market”
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Key players in the Hybrid Light Vehicle markets include Market : Allison Transmission, Borgwarner, Continental, Daimler, Delphi Technologies, Ford, Honda, Hyundai, Schaefler, Toyota, Volvo, and ZF.
On the basis of vehicle type, the global hybrid light vehicle market is studied across Commercial Vehicle and Passenger Vehicle. Among all these vehicle type, the Commercial Vehicle is projected to hold the largest market share while the Passenger Vehicle has the potential to grow the market with the highest CAGR in the forecast period.“Electric Motor: The highest growing component for the global hybrid light vehicle market”
On the basis of component, the global hybrid light vehicle market is studied across Battery, Electric Motor, and Transmission. Among all these component, the Electric Motor is projected to hold the largest market share while the Battery has the potential to grow the market with the highest CAGR in the forecast period.“Full Hybrid Vehicle: The highest growing degree of hybridization for the global hybrid light vehicle market”
On the basis of degree of hybridization, the global hybrid light vehicle market is studied across Full Hybrid Vehicle, Micro Hybrid, and Mild Hybrid. Among all these degree of hybridization, the Full Hybrid Vehicle is projected to hold the largest market share while the Mild Hybrid has the potential to grow the market with the highest CAGR in the forecast period.“Parallel Hybrid: The highest growing electric powertrain type for the global hybrid light vehicle market”
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On the basis of electric powertrain type, the global hybrid light vehicle market is studied across Parallel Hybrid and Series Hybrid. Among all these electric powertrain type, the Parallel Hybrid is projected to hold the largest market share while the Parallel Hybrid has the potential to grow the market with the highest CAGR in the forecast period.“NGV: The highest growing propulsion type for the global hybrid light vehicle market”
On the basis of propulsion type, the global hybrid light vehicle market is studied across HEV, NGV, and PHEV. Among all these propulsion type, the NGV is projected to hold the largest market share while the PHEV has the potential to grow the market with the highest CAGR in the forecast period.“Full Hybrids: The highest growing technology for the global hybrid light vehicle market”
On the basis of technology, the global hybrid light vehicle market is studied across Full Hybrids, Li-Ion Battery, Micro Hybrid, Mild Hybrids, and Plug-In Hybrids. Among all these technology, the Full Hybrids is projected to hold the largest market share while the Plug-In Hybrids has the potential to grow the market with the highest CAGR in the forecast period.“Europe, Middle East & Africa: The highest growing geography for the global hybrid light vehicle market”
On the basis of geography, the global hybrid light vehicle market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Europe, Middle East & Africa is dominating the market with highest market size.
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The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global hybrid light vehicle market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global hybrid light vehicle market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global hybrid light vehicle market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global hybrid light vehicle market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global hybrid light vehicle market.
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