Summary

Hybrid Vehicles Market Size, Share, and Analysis, By Vehicle Type (Passenger Car and Commercial Vehicle), By Electric Powertrain (Parallel and Series), By Degree of Hybridization (Mild, Full, and Micro), By Component (Body, Chassis, Powertrain, Electronics, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Hybrid Vehicles Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 256.1 billion and is projected to reach USD 904.2 billion by the completion of 2034.
Hybrid vehicles are a new way of transportation that uses multiple power sources for propulsion. Commonly, these vehicles combine a gas engine with an electric motor, using a dual-system layout to improve the mileage and lower emissions compared to traditional cars. In addition, the electric motor plays an important role in a hybrid system by helping the gasoline engine in acceleration and low-speed driving. Through this collaboration, it is possible to use efficient, small engines without compromising performance. Additionally, hybrid vehicles use regenerative braking systems, which convert motion energy into electrical power as the vehicle slows down and stores it in a battery for later use. Moreover, different kinds of hybrid systems are available, such as parallel, series, and plug-in hybrids, each with its distinct setups and benefits. Therefore, hybrid technology provides a practical solution for efficient consumption of fuel and bridges the gap between conventional gasoline cars and electric cars.

MARKET HIGHLIGHTS
Hybrid vehicle market is projected to reach USD 904.2 billion over the forecast period, due to the rising global eco-consciousness and tighter emissions laws. Car manufacturers have met this demand by increasing their range of hybrid options in different vehicle categories, from small cars to SUVs and high-end vehicles. In addition, due to innovations in battery technology and low production costs, hybrid vehicles are becoming more cost-effective and available to a wider range of consumers. This development has resulted in higher competition among manufacturers and encouraged development in the design and effectiveness of hybrid powertrains.
Furthermore, there has been a shift in the market towards plug-in hybrid electric vehicles (PHEVs) that offer longer ranges of electric driving and the option to charge from external power sources. This development closes the distance between standard hybrids and fully electric cars, thus attracting customers that are desiring more flexibility in their driving needs. Thus, despite the rising popularity of electric vehicles, the hybrid market is still evolving, as manufacturers are making large investments in these technologies to improve performance and value for consumers.
Hybrid Vehicles Market Segments:

• By Vehicle Type
o Passenger Car
o Commercial Vehicle
• By Electric Powertrain
o Parallel
o Series
• By Degree of Hybridization
o Mild
o Full
o Micro
• By Component
o Body
o Chassis
o Powertrain
o Electronics
o Others

MARKET DYNAMICS
Growth Drivers
Increasing Environmental Awareness and Strict Emissions Regulations to Drive Growth in the Hybrid Vehicles Market
Technological Advancements and Cost Reductions Act as a Catalyst for Market Growth
Restraint
Competition from All-Electric Vehicles in the Hybrid Vehicles Market Will Impact the Growth

Key Players
• Toyota Motor Corporation
• Honda Motor Co., Ltd.
• Ford Motor Company
• Hyundai Motor Company
• Volkswagen Group
• BMW AG
• Nissan Motor Co., Ltd.
• Stellantis N.V.
• General Motors Company
• Kia Corporation
• Mercedes-Benz Group AG
• Volvo Car Corporation
• Mitsubishi Motors Corporation
• Subaru Corporation
• BYD Auto Co., Ltd.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA


Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Hybrid Vehicles Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Hybrid Vehicles Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Hybrid Vehicles Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview of world economy
4.3.Industry Ecosystem Channel Analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porter's Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Hybrid Vehicles Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Hybrid Vehicles Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1. By Vehicle Type
11.3.1.1. Passenger Car
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Commercial Vehicle
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Electric Powertrain
11.3.2.1.Parallel
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Series
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Degree of Hybridization
11.3.3.1.Mild
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Full
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Micro
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.By Component
11.3.4.1.Body
11.3.4.1.1. By Value (USD Million) 2024-2034F
11.3.4.1.2.Market Share (%) 2024-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Chassis
11.3.4.2.1.By Value (USD Million) 2024-2034F
11.3.4.2.2. Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Powertrain
11.3.4.3.1.By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.4.Electronics
11.3.4.4.1.By Value (USD Million) 2024-2034F
11.3.4.4.2. Market Share (%) 2024-2034F
11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.5. Others
11.3.4.5.1.By Value (USD Million) 2024-2034F
11.3.4.5.2. Market Share (%) 2024-2034F
11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
12.North America Hybrid Vehicles Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Vehicle Type
12.3.2. By Electric Powertrain
12.3.3. By Degree of Hybridization
12.3.4. By Component
12.4. Country
12.4.1. United States
12.4.2.Canada
13.Europe Hybrid Vehicles Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Vehicle Type
13.3.2. By Electric Powertrain
13.3.3. By Degree of Hybridization
13.3.4. By Component
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Hybrid Vehicles Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Vehicle Type
14.3.2. By Electric Powertrain
14.3.3. By Degree of Hybridization
14.3.4. By Component
14.4.Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Hybrid Vehicles Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Vehicle Type
15.3.2. By Electric Powertrain
15.3.3. By Degree of Hybridization
15.3.4. By Component
15.4.Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4.South Africa
15.4.5.Rest of Middle East and Africa
16. Latin America Hybrid Vehicles Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Vehicle Type
16.3.2. By Electric Powertrain
16.3.3. By Degree of Hybridization
16.3.4. By Component
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Toyota Motor Corporation
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Honda Motor Co., Ltd.
18.3.Ford Motor Company
18.4.Hyundai Motor Company
18.5.Volkswagen Group
18.6.BMW AG
18.7.Nissan Motor Co., Ltd.
18.8.Stellantis N.V.
18.9.General Motors Company
18.10.Kia Corporation
18.11. Mercedes-Benz Group AG
18.12.Volvo Car Corporation
18.13.Mitsubishi Motors Corporation
18.14.Subaru Corporation
18.15.BYD Auto Co., Ltd.
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation