Global Hybrid Vehicle Industry

Global Hybrid Vehicle Industry

  • April 2021 •
  • 174 pages •
  • Report ID: 5819354 •
  • Format: PDF
Abstract:
- Global Hybrid Vehicle Market to Reach 6.4 Million Units by 2027
- Amid the COVID-19 crisis, the global market for Hybrid Vehicle estimated at 4.4 Million Units in the year 2020, is projected to reach a revised size of 6.4 Million Units by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027. Plug-in Hybrid EV (PHEVs), one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach 1.8 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mild Hybrid segment is readjusted to a revised 5.9% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 1.3 Million Units, While China is Forecast to Grow at 5.1% CAGR
- The Hybrid Vehicle market in the U.S. is estimated at 1.3 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 1.1 Million Units by the year 2027 trailing a CAGR of 5.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
- Full Hybrid Vehicle Segment to Record 4.8% CAGR
- In the global Full Hybrid Vehicle segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 1.7 Million Units in the year 2020 will reach a projected size of 2.4 Million Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 732.7 Thousand Units by the year 2027.

- Select Competitors (Total 42 Featured) -
  • Allison Transmission, Inc.
  • American Axle & Manufacturing, Inc.
  • Avl List GmbH
  • Avtovaz
  • BorgWarner, Inc.
  • Continental AG
  • Cummins, Inc.
  • Daimler AG
  • Delphi Technologies
  • Denso Corporation
  • Eaton Corporation PLC
  • Ford Motor Company
  • General Motors Company
  • Honda Motor Co., Ltd.
  • Hyundai Motor Company
  • LG Chem
  • Magna International, Inc.
  • MAHLE GmbH
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • Schaeffler AG
  • Toyota Motor Corporation
  • Volvo Car Canada Ltd.
  • ZF Friedrichshafen AG