Press Release

Hybrid Vehicle Market Analysis, Growth Opportunities, Trends, Forecast and Outlook 2023

May 17, 2019 4:01 pm CDT

360 MARKET UPDATES Report provides a 360-degree overview of the global Hybrid Vehicle Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.

Hybrid Vehicle

Report Title: “Global Hybrid Vehicle Market – Analysis of Growth, Trends, and Forecast (2018 – 2023)”

Global “Hybrid Vehicle Market” is expected to register a CAGR of approximately 5.78% during the forecast period of (2018 – 2023). Also, Hybrid Vehicle Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Hybrid Vehicle Analysis.

Hybrid Vehicle market Report provides a 360-degree overview of the global Hybrid Vehicle market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.

Hybrid Vehicle Market Report Covers Leading Manufacturers: Toyota, Nissan, Honda, Hyundai, Kia, Suzuki, Mercedes-Benz, Volvo, Volkswagen Group, BMW, Ford, Audi, Mitsubishi, BYD Co Ltd, Chevrolet

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The Global Hybrid Vehicle Market is anticipated to record a CAGR of 5.78% during the forecast period. Stringent emission norms, government incentives for the use of hybrid vehicles, and concern for fuel efficiency, are the factors driving the global hybrid vehicle market. In 2017, Hybrid Electric Vehicles (HEV) hold the largest market share followed by Plug-In Hybrid Electric Vehicles (PHEV).

Regenerative Braking and Large Batteries are a Cost Effective Solution

The most commonly used hybrid vehicles are equipped with batteries of higher charge storage capacities through which they help in an extended drive distance, which is further complimented by regenerative braking.

With technological innovations, lithium-ion batteries emerged as a combo-addition to the traditional battery, supporting the lead-acid battery to hold the charge for a longer time. However, increase in the weight and space have urged innovators to revamp this combination into a battery with the voltage ranging from 24V to 48V. Latest lithium iron phosphate battery proves to be robust in performance and ampere holding capacity. The composite iron phosphate added to the lithium has improvised properties, such as, improved fuel efficiency, reduced emissions, high power capabilities, and wider temperature operating range, as compared to other lithium ion batteries, and this has ruled out the deployment of two batteries in a single vehicle. The combination of lead-acid battery and a smaller lithium-ion battery did not prove to be much reliable, as additional hardware and complexity in integration resulted in moderate performance, compared to that of single battery type.

Low Operating and Maintenance Costs

The benefits of micro-hybrid vehicle over pure ICE vehicles, such as, lower operating cost with 5-15% less fuel expenditure. Furthermore, micro-hybridization has become one of the cheapest and easiest solutions for increasing fuel efficiency of a passenger car. The reason is primarily attributed to technologies, such as, the start-stop system and regenerative braking. The aforementioned factors help to drive emerging countries in the adoption of micro-hybrid vehicles as fuel-efficient vehicles during the forecast period.

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Reasons to Purchase Hybrid Vehicle Market Report:

  • Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge. 
  • Analysing various perspectives of the market with the help of Porter’s five forces analysis.
  • The authentication mode is likely to witness the highest adoption of these systems in the market.
  • The regions that are expected to witness the fastest growth during the forecast period.
  • The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel). 

“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

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