Japan also follows stringent emission and fuel efficiency norms, where the fuel efficiency targets are based on GVW category. The government of Japan has made it mandatory for all manufacturers to meet the fuel economy standards set by the government. To make fuel economy standards more effective, financial incentives programs such as progressive taxes levied on the vehicle weight and engine displacement are extended to promote the purchase of lightweight fuel efficient vehicles. Vehicles that perform better than fuel economy and emission standards are given reductions in vehicle tax. Thereby, the OEMs in the country had shifted their focus quite early towards the making of such micro hybrid vehicles due to the growing demand of micro hybrid as a cost effective fuel efficient vehicle.
In addition, automobile manufacturers such as GM, Ford, Volkswagen, and Daimler Chrysler who have shifted their production bases to the developing countries drive the growth in the automotive vehicle production in this region. This has assisted them to operate at low costs comparatively from other manufacturing locations. Over past few years APAC also emerged as a global hub for automobiles. The steady growth in production volumes in the APAC region and the growing demand of automotive vehicle in the region, especially in the passenger car and LCV segment would benefit the growth of micro hybrid significantly in the forecast period.
Batteries of varying technologies are employed in different micro hybrid applications, helping the OEMs meet the emission targets for reduced CO2 emissions from different countries. Micro hybrid vehicles require batteries for low to medium degree of electrification. Micro hybrid vehicles can be broadly classified on two different types. The first generation micro hybrid vehicles are the ones who are dependent on electricity only for the start- stop system of the vehicle. The modern or advanced form of the micro hybrid vehicle have regenerative braking technology implemented, where the kinetic energy generated on braking is stored in the battery to help the vehicle in providing acceleration boost. Thereby the micro hybrid vehicle types places different requirements on the installed batteries, in terms of performance, lifetime, safety and cost. The 12V battery would have the highest penetration in terms of battery capacity in the Asia-Pacific micro-hybrid vehicle battery capacity type.
The report classifies and defines the micro hybrid market size, in terms of revenue. It provides a comprehensive analysis and insights into micro hybrid vehicle segments. The market is segmented on the basis of Gasoline Engine type - Petrol, Diesel, Others; Vehicle Type- Passenger Cars, LCVs, HCVs, and Others; Battery Type- Lead Acid, Lithium-ion, and others. The report showcases potential growth opportunities in the forecast period, while also reviewing the micro hybrid market drivers, restraints, opportunities, and market trends in the Asia-Pacific scenario, micro hybrid market dynamics, competitive landscape, and other key aspects with respect to micro hybrids in the Asia-Pacific market. The report also covers qualitative aspects such as value chain analysis, technological roadmap, and Porter’s five force analysis for the market. The key players in this market have also been identified and profiled. BMW, Hyundai, Honda, Kia are some of the major vendors profiled for the market.
The Report Offers:
- Market Definition and Scope along with identification of key drivers and restraints for each segments in the market.
- Market analysis with specific studies and theoretical analysis on the micro hybrid market for the country.
- Identification of factors that has been instrumental in changing the market dynamics, prospective opportunities for each segments and identification of key factors, influencing the Asia-Pacific market.
- Extensively researched competitive landscape segment with the market dynamics for each major player across each region.
- Identification and analysis of the macro and micro factors that affect the growth of the industry for each country.
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1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.4 Research Assumptions
3. Executive Summary
4. Key Inferences
5. Market Overview And Technology Trends
5.1 Current Market Scenario
5.2 Technological Developments
5.3 Investment Analysis
5.4 Porter's Five Forces Framework
5.4.1 Bargaining Power Of Suppliers
5.4.2 Bargaining Power Of Consumers
5.4.3 Threat Of New Entrants
5.4.4 Threat Of Substitute Products And Services
5.4.5 Competitive Rivalry Within The Industry
5.5 Drivers, Restraints, Opportunities And Challenges
6. Asia-Pacific Micro-Hybrid Vehicle Market, By Capacity
6.1 12-V Micro Hybrid
6.2 48-V Micro Hybrid
7. Asia-Pacific Micro-Hybrid Vehicle Market, By Vehicle
7.1 Passenger Cars
7.3 Heavy Vehicles
8. Asia-Pacific Micro-Hybrid Vehicle Market, By Battery Capacity
8.1 Lead Acid
8.2 Lithium Ion
9. Asia-Pacific Micro-Hybrid Vehicle Market- By Country - Regional Share And Forecasts
9.5 South Korea
9.6 Rest Of Asia-Pacific
10. Competitive Landscape
10.2 Market Share Analysis
10.3 Latest Products And Developments Of Key Players
11. Company Profiles
11.2 Autonacional S.A
11.7 Jaguar Land Rover
11.9 Mahindra & Mahindra
12. Future Outlook Of The Market