An Incisive, In-depth Analysis on the Hybrid Vehicles Market
This study offers a comprehensive, 360 degree analysis on the Hybrid Vehicles market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Hybrid Vehicles market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Power split hybrid vehicles to hold majority of the revenue share in the global hybrid vehicles market
Power split hybrid vehicles are the most preferred type of powertrains in the hybrid vehicles market, owing to their advantages over the other types of powertrains. Power split hybrid systems feature both, series and parallel hybrid systems. Power from the internal combustion engine and electric motor can be used to move the vehicle. The point where it slightly differs from other powertrain systems is that, the wheels of the vehicle can be powered by the internal combustion system alone, or the internal combustion system can be turned off and the battery can supply the necessary power to the generator that initiates the electric motor, and hence, drive the wheels. It is projected that power split hybrid vehicles will continue to dominate the hybrid vehicles market, and will reach a market value of more than US$ 335 billion by 2026.
Passenger cars segment to dominate the hybrid vehicles market
The passenger cars segment holds a majority of the share in the hybrid vehicles market. This is due to the dominance of passenger cars in the automotive industry. Passenger car production in 2015 was more than 68 million units, way ahead than light and heavy commercial vehicles. It is projected that, the hybrid vehicles market for passenger cars will continue to be a significant market segment, and is estimated to grow at a CAGR of 22.8% during the forecast period.
Hybrid vehicles tend to be more fuel-efficient than conventional vehicles, as it utilizes power from automotive batteries, in the event of start-stop or at cruising speeds. Along with this, the presence of an internal combustion engine with the electric system makes a hybrid vehicle more economical and easy to drive, especially in urban areas where traffic is usually high.
Gasoline hybrid vehicles more preferred over diesel hybrid vehicles in the hybrid vehicles market
Gasoline hybrid vehicles are favored over diesel hybrid vehicles due to improved performance, high fuel efficiency, and low tailpipe emissions. There aren’t many diesel hybrid vehicles, owing to high maintenance and tailpipe emissions, which makes gasoline hybrid vehicles as the preferred choice of consumers. The market for gasoline hybrid vehicles is projected to grow at a significant CAGR of 21% in terms of value during the forecast period.
Insufficient infrastructure may hamper the plug-in hybrid vehicles market
The growth of plug-in hybrid vehicles mainly depends on the availability of charging stations on the road networks. Gasoline station availability is much higher than that of charging stations, which come across as a roadblock to the growth of hybrid vehicles market. Though charging systems are provided by manufacturers to customers, they are stationary and probably would be attached to a home or workplace. Public charging stations are far less available, and is an issue when a low battery emergency arises.
About the global hybrid vehicles market report
FMI has published an exclusive forecast report for the hybrid vehicles market between 2016 and 2026. The foremost objective of this report is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the hybrid vehicles market. Also, the study addresses the key dynamics which are expected to diversify the sales and future prominence of the hybrid vehicles market.
The report on the hybrid vehicles market stars with an executive overview, in which product definitions are provided. The report further proceeds with the taxonomy of the hybrid vehicles market, elaborating on the key segments. Also, the report outlines visionary insights on the dynamics of hybrid vehicles market, including drivers, restraints, opportunities, trends, value chain analysis, and pricing analysis. The value chain analysis and pricing analysis of the hybrid vehicles market have also been included in the report to help readers to clearly understand the product framework map in the hybrid vehicles market.
Hybrid Vehicles Market – Segmentation
The hybrid vehicles market has been analysed with respect to segments such as product type, vehicle type, engine type, powertrain configuration, and region. The product types in the report for the hybrid vehicles market include hybrid electric vehicles and plug-in hybrid electric vehicles. The hybrid vehicles market registers demand from vehicle types such as passenger cars, light commercial vehicles, and heavy commercial vehicles. By engine type, it includes gasoline hybrid vehicles and diesel hybrid vehicles. Powertrain configuration involved in the hybrid vehicles market includes series hybrid, parallel hybrid, and power split hybrid. The hybrid vehicles market has been evaluated across primary regions such as North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA).
Hybrid Vehicles Market – Competition Dashboard
Efforts are being made by manufacturers in the hybrid vehicles market to expand with strategic interventions, including establishing new entities, expanding production capacities, introduction of enhanced product portfolios, and technological breakthroughs in the hybrid vehicles market. Some of the key players operating in the hybrid vehicles market include 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, and Bayerische Motoren Werke AG (BMW).
Extensive decadal study of the hybrid vehicles market report
FMI offers a 10-year forecast for the hybrid vehicles market between 2016 and 2026. In terms of value, the hybrid vehicles market is expected to register a CAGR of 20.4% during the forecast period (2016–2026). The main objective of the report is to offer insights on the advancements in the global hybrid vehicles market. The study provides the market dynamics that are expected to influence the current environment and future status of hybrid vehicles over the forecast period. The primary objective of this report is to offer updates on the trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the hybrid vehicles market.
A section of the report discusses how the overall competition in the hybrid vehicles market is steadily increasing. It discusses various factors that are shaping internal as well as external competition in the hybrid vehicles market. The hybrid vehicles market is expected to grow at a significant pace in the near future. Moreover, steady growth of the automotive industry -- due to an increase in vehicle production and sales, environmental concerns, and infrastructural development are anticipated to create healthy growth opportunities in the hybrid vehicles market.
The report provides detailed market share analysis of hybrid vehicles on the basis of key manufacturers. A section of the report highlights the overall country-wise hybrid vehicles market. It provides a market outlook for 2016–2026, and sets the forecast within the context of the report. The report sheds light on key developments and activities executed by prominent manufacturing operating in the hybrid vehicles market.
Key segments covered in the hybrid vehicles market report
On the basis of product type, the hybrid vehicles market can be segmented into:
Plug-in Hybrid Vehicles
On the basis of vehicle type, the hybrid vehicles market can be segmented into:
Light Commercial Vehicles
Heavy Commercial Vehicles
On the basis of engine type, the hybrid vehicles market can be segmented into:
Power Split Hybrid
On the basis of powertrain configuration, the hybrid vehicles market can be segmented into:
On the basis of region, the hybrid vehicles market can be segmented into:
Middle East & Africa (MEA)
A detailed analysis has been provided for every segment, in terms of market size analysis for hybrid vehicles.
A systematic report structure for enhanced clarity and understanding of the research methodology
The report starts with the market overview, and provides market definitions and analysis about the drivers, restraints, opportunities, supply chain analysis, and key trends in the hybrid vehicles market. The next section includes global market analysis, analysis by product type, vehicle type, engine type, powertrain configuration, and regional level analysis. All the above sections evaluate the market on the basis of various factors affecting the hybrid vehicles market, and cover the present scenario and future prospects. For market data analysis, the report considers 2015 as the base year, with the hybrid vehicles market numbers estimated for 2016, and forecast made for 2017–2026.
It is imperative to note that, in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the same on the basis of key parameters such as year-on-year (Y-o-Y) growth, to understand the predictability of the market, and to identify the right opportunities for market players.
Another key feature of the hybrid vehicles market report is the analysis of all key segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as in identifying potential resources from a sales and delivery perspectives in the hybrid vehicles market.
Research methodology of the hybrid vehicles market
The report titled 'Hybrid Vehicles Market' focuses on providing information regarding the volume and value of the market from a global perspective. The research on the said market was initiated thorough secondary research on the product, using both, top-down and bottom-up approaches, right down to the country and segmental level. Automotive production, vehicle parc, market trends, and growth projections were taken into consideration to arrive at the total market. In addition to the above secondary research, yearly revenue generated by the various product types of hybrid vehicles was estimated.
Furthermore, the yearly revenue generated from hybrid vehicle manufacturing companies from each product type were obtained from both, primary and secondary sources, and then benchmarked on a regional level. Fluctuations in the annual prices over the forecast period are based on historic market trends, and expected percentage change in the coming years on the basis of investment is done on the parent market and the related industry. Any decline or increase in price in the coming years is kept linear for all the regions.
The hybrid vehicles market value, thus deduced, was once again cross verified and validated from the supply side. FMI’s proprietary regression analysis forecast model has been adopted to generate the market estimation for the forecast years, and takes into account the effects of macroeconomic factors impacting the overall hybrid vehicles market, and was further validated by the primary respondents belonging to different levels across the entire value chain of the hybrid vehicles market, such as manufacturers and independent service providers.
Leading companies operating in the hybrid vehicles market
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Detailed profiles of manufacturers have also been included within the scope of the report to evaluate their long- and short-term strategies, key offerings, and recent developments in the hybrid vehicles market. Key players in the global hybrid vehicles include 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, and Bayerische Motoren Werke AG (BMW).
Hybrid Vehicles Market Reports - Table of Contents
1. Executive Summary
17. Assumptions and Acronyms Used
18. Research Methodology