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Hybrid Vehicles Market

FMI, in its New Survey, Mines the Latest Trends and Dissects the Perspective on Hybrid Vehicles’ Meteoric Rise!

Hybrid Vehicles Market by Product Type, Vehicle, Engine, Powertrain Configuration & Region - Forecast 2022 - 2032

Hybrid Vehicles Market Outlook (2022-2032)

[288 Pages Report] The global hybrid vehicles market size is set to be valued at US$ 192.7 Bn in 2022. The market is anticipated to grow at a CAGR of 21.6% from 2022 2032. The hybrid vehicles market is expected to reach a valuation of US$ 1,362.3 Bn by 2032.

The global hybrid vehicles market is growing at a fast pace due to significant demand for electric mobility, increasing fuel prices, and stringent regulations framed by governments in various regions. Apart from that, hybrid vehicles are more fuel efficient and generates lesser noise than conventional vehicles. Due to attractive incentives and subsidies offered by government authorities to support the sales of hybrid vehicles, their demand is expected to enhance during the forecast period.

Acceptance of luxury vehicles, enforcement of severe emission related regulations, and high demand for electric vehicles are contributing to expansion of the hybrid vehicles market. The hybrid vehicles market holds about ~25% to 30% of the global electric vehicles market. Major automobile manufacturers such as Daimler AG, General Motors, and Volkswagen Group are capitalizing on the trend of plug-in hybrid vehicles, thereby pushing the global hybrid vehicles market in the next decade.

Attributes

Key Statistics

Global Hybrid Vehicles Market Estimated Size (2022E)

US$ 192.7 Bn

Projected Market Valuation (2032F)

US$ 1,362.3 Bn

Value-based CAGR (2022-2032)

21.6%

Collective Value Share: Top 5 Countries (2022)

74.6%

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2015-2021 Global Hybrid Vehicles Demand Outlook Compared to 2022-2032 Forecast

From 2015 to 2021, the hybrid vehicles market exhibited growth at 11.4% CAGR and is projected to grow at a CAGR of 21.6% in the forecast period. This increasing year-on-year growth in 2022 is higher as governments from all around the world have taken several initiatives to reduce carbon footprints from the transportation sector.

The transportation industry is the fastest-growing emitter of greenhouse gases (GHGs), and it will eventually account for more than 30% of all GHG emissions. It also produces a significant number of short-lived climate pollutants and contributes to air pollution. The vehicle fleet is expected to be doubled by 2050 due to increasing demand from developing and middle-income countries, which is a major concern for governments and regulatory bodies. High demand for public transportation, development of safer & more comfortable walking & cycling facilities, as well as cleaner & efficient on-road fleets, including electric & hybrid electric vehicles, must all be implemented globally in order to achieve a cleaner transportation sector.

Additionally, ongoing research & development (R&D) activities aimed at the introduction of new technologies, as well as involvement of market participants in the launch of new & energy efficient models of hybrid vehicles are some of the other factors fueling the market expansion. On the other hand, growing popularity of electric vehicles and increased demand for green mobility are anticipated to increase the potential of manufacturing businesses for commercial growth in the next decade.

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Top Trends Pushing Sales of Hybrid Vehicles

  • Rising Popularity of Plug-in Hybrid Vehicles

Due to increasing per capita income and disposable income across the globe, the demand for personal vehicles and passenger cars is increasing day by day. With rising fleet of automotive vehicles, the carbon emission rate is also increasing. Due to surging fuel prices and rising awareness regarding global warming, the demand for substitute vehicles is growing at a rapid pace.

Since hybrid vehicles provide better fuel efficiency and have less carbon emission rate, the demand for hybrid electric vehicles is surging across the globe. Various manufacturers are also focusing on the development and introduction of multiple models of hybrid vehicles in order to support expansion of electro mobility solutions.

With increasing sales of SUVs, luxury, and sports models, customers are not only looking for performance, but they want their vehicles to be equipped with advanced technologies. Due to an increasing number of awareness campaigns conducted by various government and private agencies to promote electric mobility, consumers across the globe are demanding for electric vehicles.

Higher practical benefits of plug-in hybrid vehicles have led to their immense popularity, as compared to hybrids and pure electric vehicles. Consumers of this type of vehicles tend to suffer from low range anxiety as the internal combustion engine acts as a backup power source when the batteries run out of charge. Batteries of these vehicles can be recharged through both internal combustion engines and an external source via a plug. Though sales of hybrid vehicles are higher than plug-in hybrids and pure battery vehicles, demand for plug-in hybrid vehicles is increasing across the globe.

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Country-wise Insights

Why is the Demand for Hybrid Vehicles Growing in the U.S.?

“Investments in the U.S. Constrcution Sector to Propel Demand for Green Hybrids”

The U.S. is a matured automotive market and has high penetration of technologically advanced & high-cost products. The U.S. government is supporting growth in the hybrid vehicles market by investing in the construction sector since the adoption of electric vehicles increases the demand for charging infrastructure in a variety of settings, including homes, workplaces, and public places.

To ensure driver convenience and raise confidence & awareness among potential drivers, infrastructure development in step with the growth of electric vehicles is essential. Furthermore, rising sales of sports and luxury vehicles in the U.S. would push companies towards the adoption of advanced technologies. As per FMI, the U.S. hybrid vehicles market is expected to surpass revenues worth US$ 36.5 Bn by the end of 2022.

Why is the Japan Hybrid Vehicles Industry Registering Robust Growth?

“Inclination towards Sustainability to Fuel Demand for Hybrid SUVs in Japan”

The hybrid vehicles market in Japan is anticipated to be valued at about US$ 8,633.9 Mn in 2022. Japanese consumers believe hybrid vehicles to be dependable, safe, and simple to use. They are also willing to pay a premium price as they believe these vehicles offer good value. According to a survey, less than half of Japanese consumers who plan to purchase a new car in the next two years say that when they think of electric vehicles, less carbon emissions or eco-friendly come to mind. This is the reason why the demand for hybrid vehicles is increasing in Japan.

Category-wise Insights

Which is the Most Preferred Product Type?

“Infrastructure Development Activities to Spur Sales of Hybrid Models”

Due to increasing focus on promoting green mobility and reducing carbon footprint across the globe, various governments are investing huge sums for developing infrastructure to support the electric & hybrid vehicle production, which is further creating new growth opportunities for key players present in the hybrid vehicles market. Hybrid vehicles are more convenient and cost effective than plug-in vehicles, which is why these vehicles are exhibiting higher demand than the plug-in segment. As per FMI, the hybrid vehicle segment is expected to hold more than 3/4th of the global hybrid vehicles market share in the upcoming decade.

Which is the Dominant Hybrid Vehicle Type?

“Passenger Hybrid Automatic Cars to Gain Traction by 2032”

By vehicle type, the passenger car segment is projected to remain at the forefront in the global hybrid vehicles market during the forthcoming years. Ongoing development of residential and commercial infrastructure to support hybrid vehicle commuting is expected to aid growth. Besides, demand for hybrid vehicles is high in urbanized areas where customers tend to use these vehicles for routine commuting as these vehicles do not require a high drive range for battery capacity. Rapid development of plug-in hybrid systems is also projected to boost the popularity of hybrid vehicles amongst end users.

Apart from that, due to rising disposable income, the demand for personal cars has surged in developing economies. As per the International Energy Agency (IEA), sales of electric cars reached another record high in 2021. In the same year, sales of electric cars, including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) doubled year-on-year to 6.6 million. These numbers are projected to increase in the next decade, thereby pushing the passenger cars segment.

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Competitive Landscape

Over the last few years, there has been an increasing number of acquisitions and growth strategies to increase the development & production of hybrid vehicles. Major firms are also working on technology development. Contracts & agreements, new product developments, and partnerships are some of the growth strategies used by key firms to strengthen their market positions. Prominent automakers like BMW, Honda, and Toyota are also focusing on developing plug-in hybrid vehicles to expand their customer base.

For instance,

  • In August 2022, Automobili Lamborghini, the Italian sports car maker, is planning to launch its first hybrid car for India by the end of 2023. The launch will be a part of the company’s global strategy towards electrification.

Ford Motor Company, Volkswagen, and Nissan Are Taking Several Initiatives to Turn Hybrid Vehicles into Hot Sellers

Ford Motor Company (Ford) is an American multinational vehicle manufacturer headquartered in Dearborn, Michigan, United States. Henry Ford established it, and on June 16, 1903, it was officially incorporated. Under the Ford brand, the corporation offers cars and commercial vehicles, and under the Lincoln premium brand, it sells luxury vehicles.

The Ford Escape Hybrid was unveiled in 2004. With this car, Ford became the third automaker with a hybrid electric vehicle and the first to offer a hybrid electric SUV. This was also the first hybrid electric car with the capacity to operate on E85 flexible fuel.

In April 2021, the Mustang Mach-E SUV was introduced by Ford Motor Company, and it features a cozy cabin, easy-to-use electronics, and a long range. The vehicle also features a really classic style, plush interior fittings, and standard driver-assistance features, including Ford Co-Pilot360 2.0.

Volkswagen, on the other hand, is a German automobile manufacturer located in Wolfsburg, Lower Saxony, Germany. In order to create a hybrid vehicle battery system, Volkswagen and Sanyo joined hands. Martin Winterkorn, the CEO of Volkswagen, revealed that the business intends to produce small hybrid electric vehicles. Additionally, Volkswagen stated that it intended to release diesel-electric hybrid versions of its most well-known models starting with the new Jetta in 2012. The Golf Hybrid and hybrid Passat models would then follow in 2013 and 2014, respectively.

In January 2022, Volkswagen revealed the development of its ID.5 model, which is based on the Skoda Enayaq iV. On a single charge, the car should go about 300 kilometers. Similarly, in April 2021, the company exhibited the 7-seater EV ID.6 Crozz and ID.6 X manufactured in China in partnership with FAW and SAIC. These cars will only be offered in China. These are available with two battery sizes, namely 58 kWh and 77 kWh, and four different powertrain options.

Besides, Nissan Motor Co., Ltd. is a global Japanese automaker with its headquarters in Nishi-ku, Yokohama, Japan. The business offers its automobiles under the Nissan, Infiniti, and Datsun brands, along with its own line of Nismo-branded vehicles that have undergone performance tuning.

Nissan launched its first battery-electric car, the Nissan Altra, on December 29, 1997, at the Los Angeles International Auto Show. The Nissan Leaf was the most popular all-electric vehicle with highway capability ever sold. In December 2020, the Leaf was introduced by Nissan in the U.S.. The size of the car's battery can range from 40 kWh to 62 kWh. The range for the number of miles per charge is 149 to 226.

Hybrid Vehicles Market Report Scope

Attribute

Details

Estimated Market Size (2022)

US$ 192.7 Bn

Projected Market Valuation (2032)

US$ 1,362.3 Bn

Value-based CAGR (2022-2032)

21.6%

Forecast Period

2022-2032

Historical Data Available for

2015-2021

Market Analysis

Value (US$ Bn)

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa.

Key Countries Covered

U.S., Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa

Key Market Segments Covered

Product Type, Engine Type, Powertrain Configuration, Vehicle Type, and Region

Key Companies Profiled

  • Tilley Inflatable Design & Engineering LTD
  • Ford Motor Company
  • General Motors Company
  • Honda Motor Co., Ltd.
  • Daimler AG
  • Volkswagen AG
  • Renault SAS
  • Toyota Motor Corporation
  • Nissan Motor Corporation
  • Mitsubishi Motor Corporation
  • Hyundai Motor Company
  • Bayerische Motoren Werke AG (BMW)

Report Coverage

Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Key Segments Covered in Hybrid Vehicles Market Analysis

By Product Type:

  • Hybrid Vehicles
  • Plug-in Hybrid Vehicles

By Vehicle Type:

  • Passenger Car
  • LCV
  • HCV

By Engine Type:

  • Gasoline Electric
  • Diesel Electric

By Powertrain Configuration:

  • Parallel Hybrid
  • Series Hybrid
  • Power Split Hybrid

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East & Africa

Frequently Asked Questions

The global hybrid vehicles market is set to be valued at US$ 157.4 Bn in 2022.

The hybrid vehicles market is anticipated to grow at a CAGR of 21.6% in terms of value between 2022 and 2032.

About 70% of the hybrid vehicles market share is held by the power split hybrid segment.

Japan holds dominance in the hybrid vehicles market and is set to generate a share of over 27.1% during the forecast period.

Japan, China, and the U.S. are the dominant countries in the hybrid vehicles market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Material Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2015–2021 and Forecast, 2022–2032

    5.1. Historical Market Volume (‘000 Units) Analysis, 2015–2021

    5.2. Current and Future Market Volume (‘000 Units) Projections, 2022–2032

    5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Product Type

    6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Bn) Analysis 2015–2021 and Forecast, 2022–2032

    7.1. Historical Market Value (US$ Bn) Analysis, 2015–2021

    7.2. Current and Future Market Value (US$ Bn) Projections, 2022–2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global GDP Growth Outlook

        8.1.2. Global Economic Outlook

        8.1.3. Global Urbanization Growth Outlook

        8.1.4. Global Electric Vehicle Production Outlook

        8.1.5. Global Electric Vehicle Sales by Region

        8.1.6. Other Macro-Economic Factors

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Key Companies Historical Growth Overview

        8.2.2. Impact of regulations

        8.2.3. Investments for Electric vehicle plants

        8.2.4. Raising Awareness Towards Carbon Emission from Automotive Sector

        8.2.5. Other Forecast Factors.

    8.3. Value Chain

        8.3.1. List of Manufacturers

        8.3.2. List of Physical Distributors

        8.3.3. Trade Margins/Profit Margins

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Global Market Analysis 2015–2021 and Forecast 2022–2032, By Product Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Bn) and Volume Analysis By Product Type, 2015–2021

    9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Product Type, 2022–2032

        9.3.1. Hybrid Vehicles

        9.3.2. Plug-in Hybrid Vehicles

    9.4. Market Attractiveness Analysis By Product Type

10. Global Market Analysis 2015–2021 and Forecast 2022–2032, By Vehicle Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Bn) and Volume Analysis By Vehicle Type, 2015–2021

    10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Vehicle Type, 2022–2032

        10.3.1. Passenger Cars

        10.3.2. Light Commercial Vehicles

        10.3.3. Heavy Commercial Vehicles

    10.4. Market Attractiveness Analysis By Vehicle Type

11. Global Market Analysis 2015–2021 and Forecast 2022–2032, By Engine Type

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Bn) and Volume Analysis by engine type, 2015–2021

    11.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Engine Type, 2022–2032

        11.3.1. Gasoline Electric

        11.3.2. Diesel Electric

    11.4. Market Attractiveness Analysis By Engine Type

12. Global Market Analysis 2015–2021 and Forecast 2022–2032, By Powertrain Configuration

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Bn) and Volume Analysis By Powertrain Configuration, 2015–2021

    12.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Powertrain Configuration, 2022–2032

        12.3.1. Parallel Hybrid

        12.3.2. Series Hybrid

        12.3.3. Power Split Hybrid

    12.4. Market Attractiveness Analysis By Powertrain Configuration

13. Global Market Analysis 2015–2021 and Forecast 2022–2032, by Region

    13.1. Introduction

    13.2. Historical Market Size (US$ Bn) and Volume Analysis by Region, 2015–2021

    13.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast by Region, 2022–2032

        13.3.1. North America

        13.3.2. Latin America

        13.3.3. Europe

        13.3.4. East Asia

        13.3.5. South Asia and Pacific

        13.3.6. Middle East and Africa (MEA)

    13.4. Market Attractiveness Analysis by Region

14. North America Market Analysis 2015–2021 and Forecast 2022–2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Bn) and Volume Trend Analysis by Market Taxonomy, 2015–2021

    14.4. Market Size (US$ Bn) and Volume Forecast by Market Taxonomy, 2022–2032

        14.4.1. By Country

            14.4.1.1. U.S.

            14.4.1.2. Canada

        14.4.2. By Product Type

        14.4.3. By Vehicle Type

        14.4.4. By Engine Type

        14.4.5. By Powertrain Configuration

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Product Type

        14.5.3. By Vehicle Type

        14.5.4. By Engine Type

        14.5.5. By Powertrain Configuration

    14.6. Key Market Participants - Intensity Mapping

    14.7. Drivers and Restraints - Impact Analysis

15. Latin America Market Analysis 2015–2021 and Forecast 2022–2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Bn) and Volume Trend Analysis by Market Taxonomy, 2015–2021

    15.4. Market Size (US$ Bn) and Volume Forecast by Market Taxonomy, 2022–2032

        15.4.1. By Country

            15.4.1.1. Brazil

            15.4.1.2. Mexico

            15.4.1.3. Rest of Latin America

        15.4.2. By Product Type

        15.4.3. By Vehicle Type

        15.4.4. By Engine Type

        15.4.5. By Powertrain Configuration

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Product Type

        15.5.3. By Vehicle Type

        15.5.4. By Engine Type

        15.5.5. By Powertrain Configuration

    15.6. Key Market Participants - Intensity Mapping

    15.7. Drivers and Restraints - Impact Analysis

16. Europe Market Analysis 2015–2021 and Forecast 2022–2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Bn) and Volume Trend Analysis by Market Taxonomy, 2015–2021

    16.4. Market Size (US$ Bn) and Volume Forecast by Market Taxonomy, 2022–2032

        16.4.1. By Country

            16.4.1.1. Germany

            16.4.1.2. Italy

            16.4.1.3. France

            16.4.1.4. U.K.

            16.4.1.5. Spain

            16.4.1.6. BENELUX

            16.4.1.7. Russia

            16.4.1.8. Rest of Europe

        16.4.2. By Product Type

        16.4.3. By Vehicle Type

        16.4.4. By Engine Type

        16.4.5. By Powertrain Configuration

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Product Type

        16.5.3. By Vehicle Type

        16.5.4. By Engine Type

        16.5.5. By Powertrain Configuration

    16.6. Key Market Participants - Intensity Mapping

    16.7. Drivers and Restraints - Impact Analysis

17. South Asia and Pacific Market Analysis 2015–2021 and Forecast 2022–2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Bn) and Volume Trend Analysis by Market Taxonomy, 2015–2021

    17.4. Market Size (US$ Bn) and Volume Forecast by Market Taxonomy, 2022–2032

        17.4.1. By Country

            17.4.1.1. India

            17.4.1.2. ASEAN

            17.4.1.3. Australia and New Zealand

            17.4.1.4. Rest of South Asia & Pacific

        17.4.2. By Product Type

        17.4.3. By Vehicle Type

        17.4.4. By Engine Type

        17.4.5. By Powertrain Configuration

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Product Type

        17.5.3. By Vehicle Type

        17.5.4. By Engine Type

        17.5.5. By Powertrain Configuration

    17.6. Key Market Participants - Intensity Mapping

    17.7. Drivers and Restraints - Impact Analysis

18. East Asia Market Analysis 2015–2021 and Forecast 2022–2032

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Bn) and Volume Trend Analysis by Market Taxonomy, 2015–2021

    18.4. Market Size (US$ Bn) and Volume Forecast by Market Taxonomy, 2022–2032

        18.4.1. By Country

            18.4.1.1. China

            18.4.1.2. Japan

            18.4.1.3. South Korea

        18.4.2. By Product Type

        18.4.3. By Vehicle Type

        18.4.4. By Engine Type

        18.4.5. By Powertrain Configuration

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Product Type

        18.5.3. By Vehicle Type

        18.5.4. By Engine Type

        18.5.5. By Powertrain Configuration

    18.6. Key Market Participants - Intensity Mapping

    18.7. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Market Analysis 2015–2021 and Forecast 2022–2032

    19.1. Introduction

    19.2. Pricing Analysis

    19.3. Historical Market Size (US$ Bn) and Volume Trend Analysis by Market Taxonomy, 2015–2021

    19.4. Market Size (US$ Bn) and Volume Forecast by Market Taxonomy, 2022–2032

        19.4.1. By Country

            19.4.1.1. GCC Countries

            19.4.1.2. Turkey

            19.4.1.3. Northern Africa

            19.4.1.4. South Africa

            19.4.1.5. Rest of Middle East and Africa

        19.4.2. By Product Type

        19.4.3. By Vehicle Type

        19.4.4. By Engine Type

        19.4.5. By Powertrain Configuration

    19.5. Market Attractiveness Analysis

        19.5.1. By Country

        19.5.2. By Product Type

        19.5.3. By Vehicle Type

        19.5.4. By Engine Type

        19.5.5. By Powertrain Configuration

    19.6. Key Market Participants - Intensity Mapping

    19.7. Drivers and Restraints - Impact Analysis

20. Emerging Countries Market Analysis

    20.1. Introduction

        20.1.1. Market Value Proportion Analysis, By Key Countries

        20.1.2. Global Vs. Country Growth Comparison

    20.2. U.S. Market Analysis

        20.2.1. By Product Type

        20.2.2. By Vehicle Type

        20.2.3. By Engine Type

        20.2.4. By Powertrain Configuration

    20.3. Canada Market Analysis

        20.3.1. By Product Type

        20.3.2. By Vehicle Type

        20.3.3. By Engine Type

        20.3.4. By Powertrain Configuration

    20.4. Mexico Market Analysis

        20.4.1. By Product Type

        20.4.2. By Vehicle Type

        20.4.3. By Engine Type

        20.4.4. By Powertrain Configuration

    20.5. Brazil Market Analysis

        20.5.1. By Product Type

        20.5.2. By Vehicle Type

        20.5.3. By Engine Type

        20.5.4. By Powertrain Configuration

    20.6. Germany Market Analysis

        20.6.1. By Product Type

        20.6.2. By Vehicle Type

        20.6.3. By Engine Type

        20.6.4. By Powertrain Configuration

    20.7. Italy Market Analysis

        20.7.1. By Product Type

        20.7.2. By Vehicle Type

        20.7.3. By Engine Type

        20.7.4. By Powertrain Configuration

    20.8. France Market Analysis

        20.8.1. By Product Type

        20.8.2. By Vehicle Type

        20.8.3. By Engine Type

        20.8.4. By Powertrain Configuration

    20.9. U.K. Market Analysis

        20.9.1. By Product Type

        20.9.2. By Vehicle Type

        20.9.3. By Engine Type

        20.9.4. By Powertrain Configuration

    20.10. Spain Market Analysis

        20.10.1. By Product Type

        20.10.2. By Vehicle Type

        20.10.3. By Engine Type

        20.10.4. By Powertrain Configuration

    20.11. BENELUX Market Analysis

        20.11.1. By Product Type

        20.11.2. By Vehicle Type

        20.11.3. By Engine Type

        20.11.4. By Powertrain Configuration

    20.12. Russia Market Analysis

        20.12.1. By Product Type

        20.12.2. By Vehicle Type

        20.12.3. By Engine Type

        20.12.4. By Powertrain Configuration

    20.13. China Market Analysis

        20.13.1. By Product Type

        20.13.2. By Vehicle Type

        20.13.3. By Engine Type

        20.13.4. By Powertrain Configuration

    20.14. Japan Market Analysis

        20.14.1. By Product Type

        20.14.2. By Vehicle Type

        20.14.3. By Engine Type

        20.14.4. By Powertrain Configuration

    20.15. S. Korea Market Analysis

        20.15.1. By Product Type

        20.15.2. By Vehicle Type

        20.15.3. By Engine Type

        20.15.4. By Powertrain Configuration

    20.16. India Market Analysis

        20.16.1. By Product Type

        20.16.2. By Vehicle Type

        20.16.3. By Engine Type

        20.16.4. By Powertrain Configuration

    20.17. ASEAN Market Analysis

        20.17.1. By Product Type

        20.17.2. By Vehicle Type

        20.17.3. By Engine Type

        20.17.4. By Powertrain Configuration

    20.18. Australia and New Zealand Market Analysis

        20.18.1. By Product Type

        20.18.2. By Vehicle Type

        20.18.3. By Engine Type

        20.18.4. By Powertrain Configuration

    20.19. GCC Market Analysis

        20.19.1. By Product Type

        20.19.2. By Vehicle Type

        20.19.3. By Engine Type

        20.19.4. By Powertrain Configuration

    20.20. Turkey Market Analysis

        20.20.1. By Product Type

        20.20.2. By Vehicle Type

        20.20.3. By Engine Type

        20.20.4. By Powertrain Configuration

    20.21. South Africa Market Analysis

        20.21.1. By Product Type

        20.21.2. By Vehicle Type

        20.21.3. By Engine Type

        20.21.4. By Powertrain Configuration

    20.22. Northern Africa Market Analysis

        20.22.1. By Product Type

        20.22.2. By Vehicle Type

        20.22.3. By Engine Type

        20.22.4. By Powertrain Configuration

21. Market Structure Analysis

    21.1. Market Analysis by Tier of Companies (Hybrid Vehicles)

    21.2. Market Share Analysis of Top Players

    21.3. Market Presence Analysis

22. Competition Analysis

    22.1. Competition Dashboard

    22.2. Competition Benchmarking

    22.3. Competition Deep Dive 

        22.3.1. Tilley Inflatable Design & Engineering LTD

            22.3.1.1. Overview

            22.3.1.2. Product Portfolio

            22.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.1.4. Sales Footprint

            22.3.1.5. Strategy Overview

        22.3.2. Ford Motor Company

            22.3.2.1. Overview

            22.3.2.2. Product Portfolio

            22.3.2.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.2.4. Sales Footprint

            22.3.2.5. Strategy Overview

        22.3.3. General Motors Company

            22.3.3.1. Overview

            22.3.3.2. Product Portfolio

            22.3.3.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.3.4. Sales Footprint

            22.3.3.5. Strategy Overview

        22.3.4. Honda Motor Co., Ltd.

            22.3.4.1. Overview

            22.3.4.2. Product Portfolio

            22.3.4.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.4.4. Sales Footprint

            22.3.4.5. Strategy Overview

        22.3.5. Daimler AG

            22.3.5.1. Overview

            22.3.5.2. Product Portfolio

            22.3.5.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.5.4. Sales Footprint

            22.3.5.5. Strategy Overview

        22.3.6. Volkswagen AG

            22.3.6.1. Overview

            22.3.6.2. Product Portfolio

            22.3.6.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.6.4. Sales Footprint

            22.3.6.5. Strategy Overview

        22.3.7. Renault SAS

            22.3.7.1. Overview

            22.3.7.2. Product Portfolio

            22.3.7.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.7.4. Sales Footprint

            22.3.7.5. Strategy Overview

        22.3.8. Toyota Motor Corporation

            22.3.8.1. Overview

            22.3.8.2. Product Portfolio

            22.3.8.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.8.4. Sales Footprint

            22.3.8.5. Strategy Overview

        22.3.9. Nissan Motor Corporation

            22.3.9.1. Overview

            22.3.9.2. Product Portfolio

            22.3.9.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.9.4. Sales Footprint

            22.3.9.5. Strategy Overview

        22.3.10. Mitsubishi Motor Corporation

            22.3.10.1. Overview

            22.3.10.2. Product Portfolio

            22.3.10.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.10.4. Sales Footprint

            22.3.10.5. Strategy Overview

        22.3.11. Hyundai Motor Company

            22.3.11.1. Overview

            22.3.11.2. Product Portfolio

            22.3.11.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.11.4. Sales Footprint

            22.3.11.5. Strategy Overview

        22.3.12. Bayerische Motoren Werke AG (BMW)

            22.3.12.1. Overview

            22.3.12.2. Product Portfolio

            22.3.12.3. Profitability by Market Segments (Product/Channel/Region)

            22.3.12.4. Sales Footprint

            22.3.12.5. Strategy Overview

23. Assumptions and Acronyms Used

24. Research Methodology

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List of Tables

Table 01: Global Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Product Type

Table 02: Global Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Vehicle Type

Table 03: Global Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Engine Type

Table 04: Global Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Powertrain Configuration

Table 05: Global Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Region

Table 06: North America Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Country

Table 07: North America Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Product Type

Table 08: North America Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Vehicle Type

Table 09: North America Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Engine Type

Table 10: North America Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Powertrain Configuration

Table 11: Latin America Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Country

Table 12: Latin America Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Product Type

Table 13: Latin America Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Vehicle Type

Table 14: Latin America Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Engine Type

Table 15: Latin America Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Powertrain Configuration

Table 16: Europe Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Country

Table 17: Europe Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Product Type

Table 18: Europe Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Vehicle Type

Table 19: Europe Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Engine Type

Table 20: Europe Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Powertrain Configuration

Table 21: East Asia Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Country

Table 22: East Asia Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Product Type

Table 23: East Asia Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Vehicle Type

Table 24: East Asia Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Engine Type

Table 25: East Asia Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Powertrain Configuration

Table 26:South Asia & Pacific Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Country

Table 27:South Asia & Pacific Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Product Type

Table 28:South Asia & Pacific Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Vehicle Type

Table 29:South Asia & Pacific Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Engine Type

Table 30:South Asia & Pacific Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Powertrain Configuration

Table 31: Middle East & Africa Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Country

Table 32: Middle East & Africa Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Product Type

Table 33: Middle East & Africa Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Vehicle Type

Table 34: Middle East & Africa Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By Engine Type

Table 35: Middle East & Africa Market Value (US$ Bn) & Volume (units) Historical Data 2015 – 2021 and Forecast 2022 – 2032 By End Use

Nikhil Kaitwade
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List of Charts

Figure 01: Global Market Volume (units) and Y-o-Y Growth Rate From 2022-2032

Figure 02: Global Market Value (US$ Bn) and Y-o-Y Growth Rate From 2022-2032

Figure 03: Global Market Absolute $ opportunity Analysis, 2022-2032

Figure 04: Global Market Share and BPS Analysis By Product Type- 2022 & 2032

Figure 05: Global Market Y-o-Y Growth By Product Type, 2022-2032

Figure 06: Global Market Attractiveness Analysis By Product Type, 2022-2032

Figure 07: Global Market Incremental $ Opportunity By Product Type,

Figure 08: Global Market Share and BPS Analysis By Vehicle Type- 2022 & 2032

Figure 09: Global Market Y-o-Y Growth By Vehicle Type, 2022-2032

Figure 10: Global Market Attractiveness Analysis By Vehicle Type, 2022-2032

Figure 11: Global Market Incremental $ Opportunity By Vehicle Type,

Figure 12: Global Market Share and BPS Analysis By Engine Type- 2022 & 2032

Figure 13: Global Market Y-o-Y Growth By Engine Type, 2022-2032

Figure 14: Global Market Attractiveness Analysis By Engine Type, 2022-2032

Figure 15: Global Market Incremental $ Opportunity By Engine Type,

Figure 16: Global Market Share and BPS Analysis By Powertrain Configuration- 2022 & 2032

Figure 17: Global Market Y-o-Y Growth By Powertrain Configuration, 2022-2032

Figure 18: Global Market Attractiveness Analysis By Powertrain Configuration, 2022-2032

Figure19: Global Market Incremental $ Opportunity By Powertrain Configuration, 2022-2032

Figure 20: Global Market Share and BPS Analysis By Region - 2022 & 2032

Figure 21: Global Market Y-o-Y Growth By Region , 2022-2032

Figure 22: Global Market Attractiveness Analysis By Region , 2022-2032

Figure 23: Global Market Incremental $ Opportunity By Region ,

Figure 24: North America Market Share and BPS Analysis By Country - 2022 & 2032

Figure 25: North America Market Y-o-Y Growth By Country , 2022-2032

Figure 26: North America Market Attractiveness Analysis By Country , 2022-2032

Figure 27: North America Market Incremental $ Opportunity By Country ,

Figure 28: North America Market Share and BPS Analysis By Product Type- 2022 & 2032

Figure 29: North America Market Y-o-Y Growth By Product Type, 2022-2032

Figure 30: North America Market Attractiveness Analysis By Product Type, 2022-2032

Figure 31: North America Market Share and BPS Analysis By Vehicle Type- 2022 & 2032

Figure 32: North America Market Y-o-Y Growth By Vehicle Type, 2022-2032

Figure 33: North America Market Attractiveness Analysis By Vehicle Type, 2022-2032

Figure 34: North America Market Share and BPS Analysis By Engine Type- 2022 & 2032

Figure 35: North America Market Y-o-Y Growth By Engine Type, 2022-2032

Figure 36: North America Market Attractiveness Analysis By Engine Type, 2022-2032

Figure 37: North America Market Share and BPS Analysis By Powertrain Configuration- 2022 & 2032

Figure 38: North America Market Y-o-Y Growth By Powertrain Configuration, 2022-2032

Figure 39: North America Market Attractiveness Analysis By Powertrain Configuration, 2022-2032

Figure 40: Latin America Market Share and BPS Analysis By Country - 2022 & 2032

Figure 41: Latin America Market Y-o-Y Growth By Country , 2022-2032

Figure 42: Latin America Market Attractiveness Analysis By Country , 2022-2032

Figure 43: Latin America Market Incremental $ Opportunity By Country ,

Figure 44: Latin America Market Share and BPS Analysis By Product Type- 2022 & 2032

Figure 45: Latin America Market Y-o-Y Growth By Product Type, 2022-2032

Figure 46: Latin America Market Attractiveness Analysis By Product Type, 2022-2032

Figure 47: Latin America Market Share and BPS Analysis By Vehicle Type- 2022 & 2032

Figure 48: Latin America Market Y-o-Y Growth By Vehicle Type, 2022-2032

Figure 49: Latin America Market Attractiveness Analysis By Vehicle Type, 2022-2032

Figure 50: Latin America Market Share and BPS Analysis By Engine Type- 2022 & 2032

Figure 51: Latin America Market Y-o-Y Growth By Engine Type, 2022-2032

Figure 52: Latin America Market Attractiveness Analysis By Engine Type, 2022-2032

Figure 53: Latin America Market Share and BPS Analysis By Powertrain Configuration- 2022 & 2032

Figure 54: Latin America Market Y-o-Y Growth By Powertrain Configuration, 2022-2032

Figure 55: Latin America Market Attractiveness Analysis By Powertrain Configuration, 2022-2032

Figure 56: Europe Market Share and BPS Analysis By Country - 2022 & 2032

Figure 57: Europe Market Y-o-Y Growth By Country , 2022-2032

Figure 58: Europe Market Attractiveness Analysis By Country , 2022-2032

Figure 59: Europe Market Incremental $ Opportunity By Country , 2022-2032

Figure 60: Europe Market Share and BPS Analysis By Product Type- 2022 & 2032

Figure 61: Europe Market Y-o-Y Growth By Product Type, 2022-2032

Figure 62: Europe Market Attractiveness Analysis By Product Type, 2022-2032

Figure 63: Europe Market Share and BPS Analysis By Vehicle Type- 2022 & 2032

Figure 64: Europe Market Y-o-Y Growth By Vehicle Type, 2022-2032

Figure 65: Europe Market Attractiveness Analysis By Vehicle Type, 2022-2032

Figure 66: Europe Market Share and BPS Analysis By Engine Type- 2022 & 2032

Figure 67: Europe Market Y-o-Y Growth By Engine Type, 2022-2032

Figure 68: Europe Market Attractiveness Analysis By Engine Type, 2022-2032

Figure 69: Europe Market Share and BPS Analysis By Powertrain Configuration- 2022 & 2032

Figure 70: Europe Market Y-o-Y Growth By Powertrain Configuration, 2022-2032

Figure 71: Europe Market Attractiveness Analysis By Powertrain Configuration, 2022-2032

Figure 72: East Asia Market Share and BPS Analysis By Country - 2022 & 2032

Figure 73: East Asia Market Y-o-Y Growth By Country , 2022-2032

Figure 74: East Asia Market Attractiveness Analysis By Country , 2022-2032

Figure 75: East Asia Market Incremental $ Opportunity By Country ,

Figure 76: East Asia Market Share and BPS Analysis By Product Type- 2022 & 2032

Figure 77: East Asia Market Y-o-Y Growth By Product Type, 2022-2032

Figure 78: East Asia Market Attractiveness Analysis By Product Type, 2022-2032

Figure 79: East Asia Market Share and BPS Analysis By Vehicle Type- 2022 & 2032

Figure 80: East Asia Market Y-o-Y Growth By Vehicle Type, 2022-2032

Figure 81: East Asia Market Attractiveness Analysis By Vehicle Type, 2022-2032

Figure 82: East Asia Market Share and BPS Analysis By Engine Type- 2022 & 2032

Figure 83: East Asia Market Y-o-Y Growth By Engine Type, 2022-2032

Figure 84: East Asia Market Attractiveness Analysis By Engine Type, 2022-2032

Figure 85: East Asia Market Share and BPS Analysis By Powertrain Configuration- 2022 & 2032

Figure 86: East Asia Market Y-o-Y Growth By Powertrain Configuration, 2022-2032

Figure 87: East Asia Market Attractiveness Analysis By Powertrain Configuration, 2022-2032

Figure 88: South Asia & Pacific Market Share and BPS Analysis By Country - 2022 & 2032

Figure 89: South Asia & Pacific Market Y-o-Y Growth By Country , 2022-2032

Figure 90: South Asia & Pacific Market Attractiveness Analysis By Country , 2022-2032

Figure 91: South Asia & Pacific Market Incremental $ Opportunity By Country ,

Figure 92: South Asia & Pacific Market Share and BPS Analysis By Product Type- 2022 & 2032

Figure 93: South Asia & Pacific Market Y-o-Y Growth By Product Type, 2022-2032

Figure 94: South Asia & Pacific Market Attractiveness Analysis By Product Type, 2022-2032

Figure 95: South Asia & Pacific Market Share and BPS Analysis By Vehicle Type- 2022 & 2032

Figure 96: South Asia & Pacific Market Y-o-Y Growth By Vehicle Type, 2022-2032

Figure 97: South Asia & Pacific Market Attractiveness Analysis By Vehicle Type, 2022-2032

Figure 98: South Asia & Pacific Market Share and BPS Analysis By Engine Type- 2022 & 2032

Figure 99: South Asia & Pacific Market Y-o-Y Growth By Engine Type, 2022-2032

Figure 100: South Asia & Pacific Market Attractiveness Analysis By Engine Type, 2022-2032

Figure 101: South Asia & Pacific Market Share and BPS Analysis By Powertrain Configuration- 2022 & 2032

Figure 102: South Asia & Pacific Market Y-o-Y Growth By Powertrain Configuration, 2022-2032

Figure 103: South Asia & Pacific Market Attractiveness Analysis By Powertrain Configuration, 2022-2032

Figure 104: Middle East & Africa Market Share and BPS Analysis By Country - 2022 & 2032

Figure 105: Middle East & Africa Market Y-o-Y Growth By Country , 2022-2032

Figure 106: Middle East & Africa Market Attractiveness Analysis By Country , 2022-2032

Figure 107: Middle East & Africa Market Incremental $ Opportunity By Country ,

Figure 108: Middle East & Africa Market Share and BPS Analysis By Product Type- 2022 & 2032

Figure 109: Middle East & Africa Market Y-o-Y Growth By Product Type, 2022-2032

Figure 110: Middle East & Africa Market Attractiveness Analysis By Product Type, 2022-2032

Figure 111: Middle East & Africa Market Share and BPS Analysis By Vehicle Type- 2022 & 2032

Figure 112: Middle East & Africa Market Y-o-Y Growth By Vehicle Type, 2022-2032

Figure 113: Middle East & Africa Market Attractiveness Analysis By Vehicle Type, 2022-2032

Figure 114: Middle East & Africa Market Share and BPS Analysis By Engine Type- 2022 & 2032

Figure 115: Middle East & Africa Market Y-o-Y Growth By Engine Type, 2022-2032

Figure 116: Middle East & Africa Market Attractiveness Analysis By Engine Type, 2022-2032

Figure 117: Middle East & Africa Market Share and BPS Analysis By Powertrain Configuration- 2022 & 2032

Figure 118: Middle East & Africa Market Y-o-Y Growth By Powertrain Configuration, 2022-2032

Figure 119: Middle East & Africa Market Attractiveness Analysis By Powertrain Configuration, 2022-2032

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