Global Hybrid Commercial Vehicle Market 2017-2021

  • ID: 4424962
  • Report
  • Region: Global
  • 69 pages
  • TechNavio
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FEATURED COMPANIES

  • Daimler
  • Hino Motors
  • Mahindra & Mahindra
  • MAN
  • PACCAR
  • Tata Motors
  • MORE
About Hybrid Commercial Vehicle

Hybrid commercial vehicles use a combination of an IC engine and an electric motor to power the vehicles. The vehicle uses either a combination of both or the preferred engine as per requirement. The inclusion of an electric motor provides instant torque when required and helps to increase fuel efficiency and reduce emissions.

The analysts forecast the global hybrid commercial vehicle market to grow at a CAGR of 19.57% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global hybrid commercial vehicle market for 2017-2021. To calculate the market size, the report considers the Unit shipments.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Hybrid Commercial Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Daimler
  • Hino Motors
  • PACCAR
  • Volvo
Other prominent vendors
  • Mahindra & Mahindra
  • MAN
  • Tata Motors
Market drivers
  • Decreasing price of Li-ion batteries
  • For a full, detailed list, view the full report
Market challenges
  • High initial investment
  • For a full, detailed list, view the full report
Market trends
  • Growing popularity of hydrogen fuel cell hybrid
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Daimler
  • Hino Motors
  • Mahindra & Mahindra
  • MAN
  • PACCAR
  • Tata Motors
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by application
  • Global hybrid commercial vehicle market segmentation by application
  • Global hybrid LCV market
  • Global hybrid M&HCV market
PART 07: Geographical segmentation
  • Global hybrid commercial vehicle market segmentation by geography
  • Hybrid commercial vehicle market in Americas
  • Hybrid commercial vehicle market in APAC
  • Hybrid commercial vehicle market in EMEA
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Growing popularity of hydrogen fuel cell hybrid
  • Increasing capacity of Li-ion batteries
  • Increasing consumer awareness about addressing environmental concerns
PART 11: Vendor landscape
  • Vendor overview
  • Other prominent vendors
PART 12: Key vendor analysis
  • Daimler
  • Hino Motors
  • PACCAR
  • Volvo
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global automotive market 2016-2021 (million units)
Exhibit 02: Top-selling green vehicles 2016
Exhibit 03: Global hybrid commercial vehicle market segmentation
Exhibit 04: Global hybrid commercial vehicle market 2016-2021 (in thousands)
Exhibit 05: Five forces analysis
Exhibit 06: Global hybrid commercial vehicle market by application 2016 and 2021 (in %)
Exhibit 07: Global hybrid commercial vehicle market by application 2016-2021 (in %)
Exhibit 08: Global hybrid LCV market 2016-2021 (in thousands)
Exhibit 09: Global hybrid M&HCV market 2016-2021 (in thousands)
Exhibit 10: Global hybrid commercial vehicle market segmentation by geography 2016 and 2021 (in %)
Exhibit 11: Global hybrid commercial vehicle market segmentation by geography 2016-2021 (in %)
Exhibit 12: Hybrid commercial vehicle market in Americas 2016-2021 (in thousands)
Exhibit 13: Hybrid commercial vehicle market in APAC 2016-2021 (in thousands)
Exhibit 14: Hybrid commercial vehicle market in EMEA 2016-2021 (in thousands)
Exhibit 15: Daimler: Product portfolio
Exhibit 16: Daimler: Recent developments
Exhibit 17: Hino Motors: Product portfolio
Exhibit 18: Hino Motors: Recent developments
Exhibit 19: PACCAR: Product portfolio
Exhibit 20: PACCAR: Recent developments
Exhibit 21: Volvo: Product portfolio
Exhibit 22: Volvo: Recent developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Daimler
  • Hino Motors
  • Mahindra & Mahindra
  • MAN
  • PACCAR
  • Tata Motors
  • MORE
New Report Released: - Global Hybrid Commercial Vehicle Market 2017-2021

The author of the report recognizes the following companies as the key players in the global hybrid commercial vehicle market: Daimler, Hino Motors, PACCAR, and Volvo

Other Prominent Vendors in the market are: Mahindra & Mahindra, MAN, and Tata Motors.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Growing popularity of hydrogen fuel cell hybrid. There are two preferred fuel choices for hybrid vehicles: the dominant one is fossil fuel, and the other is hydrogen. Hydrogen fuel cell vehicles (HFCVs) have lately become extremely popular after major manufacturers invested a lot in the development and promotion of the technology. The working mechanism of fuel cells is very easy to understand as it generates electricity using hydrogen and oxygen with water as a by-product. HFCVs are ZEVs as pure water is the only waste produced. Hydrogen is considered an ideal replacement for fossil fuels as it is abundant in the universe.”

According to the report, one of the major drivers for this market is Decreasing price of Li-ion batteries. Electric and hybrid vehicles are the future of vehicles, and hence the Li market plays a key role in keeping the cost in check. Li-ion batteries cost 70% of the total cost of the vehicle. In 2012, the cost of Li-ion batteries was six times more than that of lead acid batteries and four times more than that of NiMH batteries. The cost of the batteries has decreased from $1,000 per kWh in 2010 to $227 per kWh in 2016. The cost of the batteries has been declining since 2013 because of the increase in production. The reduction in cost was also driven by the increase in the production of HEVs, BEVs, PHEVs, uninterruptible power supply (UPS) systems, and other non-automotive electronic appliances.

Further, the report states that one of the major factors hindering the growth of this market is High initial investment. The cost of a hybrid vehicle is 15%-30% higher than that of any conventional IC engine vehicle. Although governments are providing subsidies, these subsidies will phase out with time (i.e., each manufacturer will lose the subsidy after reaching a certain sales number). The high initial cost and the immaturity of battery technology are the biggest hurdles for the industry. Hybrid commercial vehicles need a bigger battery pack to power the engine, and the use of more electronic components will lead to a significant increase in the cost of the vehicle. Additionally, commercial vehicle sales in terms of units are lesser than that for passenger vehicles, which leads to higher manufacturing cost. This cost is pushed to the customer. The increase in the payback period renders buyers reluctant to buy hybrid vehicles. The higher price point is also slowing down the adoption process.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Daimler
  • Hino Motors
  • PACCAR
  • Volvo
  • Mahindra & Mahindra
  • MAN
  • Tata Motors
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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