Global Hybrid Electric Vehicle Conversion Kit Market 2017-2021

  • ID: 4435076
  • Report
  • Region: Global
  • 81 pages
  • TechNavio
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FEATURED COMPANIES

  • A123 Systems
  • ALTe Technologies
  • Altigreen Propulsion Labs
  • Boulder Hybrids
  • Enginer
  • EVDrive
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Hybrid Electric Vehicle Conversion Kit

The HEV conversion kit allows conventional vehicle to be converted into hybrid electric vehicle (HEV) or plug-in HEV (PHEV). The conversion kit allows conventional vehicles to be converted into HEVs or PHEVs. The conversion kit provides options beyond what is available from the automotive original equipment manufacturers (OEMs). The development of the conversion kit is allowing the conversion of light and heavy-duty vehicles into hybrid vehicles in an economical and reliable manner. However, conversion kits are not limited to hybrid alone; they are scalable to convert a conventional vehicle to complete EV.

The analysts forecast the global hybrid electric vehicle conversion kit market to grow at a CAGR of 20.52% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global hybrid electric vehicle conversion kit market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Hybrid Electric Vehicle Conversion Kit 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
  • XL Hybrids
  • Enginer
  • KPIT Technologies
  • Odyne Systems
  • EVDrive
Other prominent vendors
  • Altigreen Propulsion Labs
  • A123 Systems
  • ALTe Technologies
  • Boulder Hybrids
Market drivers
  • Development of grid-independent low-cost hybrid kit for light vehicles
  • For a full, detailed list, view the full report
Market challenges
  • Decreasing cost of new HEVs
  • For a full, detailed list, view the full report
Market trends
  • Increasing development of low-cost conversion kit
  • 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?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • A123 Systems
  • ALTe Technologies
  • Altigreen Propulsion Labs
  • Boulder Hybrids
  • Enginer
  • EVDrive
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • HEV categories
  • HEV conversion kit
  • Types of hybrid and plug-in electric conversion kits
PART 05: MARKET LANDSCAPE
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: MARKET SEGMENTATION BY VEHICLE TYPE
  • Global HEV conversion kit market by vehicle type
  • Global HEV conversion kit market by passenger cars
  • Global HEV conversion kit market by commercial vehicles
PART 07: REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • Americas - market size & forecast
  • EMEA - market size & forecast
  • APAC - market size & forecast
  • Market opportunity
PART 08: DECISION FRAMEWORK

PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS

PART 11: VENDOR LANDSCAPE
  • Competitive benchmarking
  • Other prominent vendors
PART 12: KEY VENDOR ANALYSIS
  • XL Hybrids
  • Enginer
  • KPIT Technologies
  • Odyne Systems
  • EVDrive
PART 13: APPENDIX
  • List of abbreviation
List of Exhibits
Exhibit 01: EV categories based on drivetrain
Exhibit 02: HEV categories
Exhibit 03: Parallel hybrid mechanism
Exhibit 04: Series hybrid mechanism
Exhibit 05: Power split hybrid mechanism
Exhibit 06: Global HEV conversion kit market: Overview
Exhibit 07: Global HEV conversion kit market 2016-2021 (units in thousands)
Exhibit 08: Global HEV market 2016-2021 (units in millions)
Exhibit 09: Five forces analysis
Exhibit 10: Global HEV conversion kit market by vehicle type 2016 (% share)
Exhibit 11: Global HEV conversion kit market by vehicle type 2021 (% share)
Exhibit 12: Global HEV conversion kit market by vehicle type 2016-2021 (% share)
Exhibit 13: Global HEV conversion kit market by passenger cars 2016-2021 (units in thousands)
Exhibit 14: Global HEV conversion kit market by commercial vehicles (units in thousands)
Exhibit 15: Geographical segmentation - market size & forecast 2016-2021
Exhibit 16: Regional comparison
Exhibit 17: Americas - market size & forecast 2016-2021 (units in thousands)
Exhibit 18: Americas - Year-over-year growth 2017-2021 (%)
Exhibit 19: Top 3 countries in Americas
Exhibit 20: EMEA - market size & forecast 2016-2021 (units in thousands)
Exhibit 21: EMEA - Year-over-year growth 2017-2021 (%)
Exhibit 22: Top 3 countries in EMEA
Exhibit 23: APAC - market size & forecast 2016-2021 (units in thousands)
Exhibit 24: APAC - Year-over-year growth 2017-2021 (%)
Exhibit 25: Top 3 countries in APAC
Exhibit 26: Price difference chart for Chevrolet Malibu and Toyota Camry
Exhibit 27: XL Hybrids: Product portfolio
Exhibit 28: XL Hybrids: Recent developments
Exhibit 29: Enginer: Product portfolio
Exhibit 30: KPIT Technologies: Business segmentation by revenue 2017 (% share)
Exhibit 31: KPIT Technologies: Business revenue 2016 and 2017 ($ millions)
Exhibit 32: KPIT Technologies: Geographical segmentation by revenue 2017 (% share)
Exhibit 33: KPIT Technologies: Product portfolio
Exhibit 34: KPIT Technologies: Recent developments
Exhibit 35: Odyne Systems: Product portfolio
Exhibit 36: Odyne Systems: Recent developments
Exhibit 37: EVDrive: Product portfolio
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FEATURED COMPANIES

  • A123 Systems
  • ALTe Technologies
  • Altigreen Propulsion Labs
  • Boulder Hybrids
  • Enginer
  • EVDrive
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: - Global Hybrid Electric Vehicle Conversion Kit Market 2017-2021

The author of the report recognizes the following companies as the key players in the global hybrid electric vehicle conversion kit market: XL Hybrids, Enginer, KPIT Technologies, Odyne Systems, and EVDrive.

Other Prominent Vendors in the market are: Altigreen Propulsion Labs, A123 Systems, ALTe Technologies, and Boulder Hybrids

Commenting on the report, an analyst from the research team said: “One trend in the market is increasing development of low-cost conversion kit. The cost of new hybrid vehicles is continuously decreasing as OEMs are adopting economies of scale. The rising demand for fuel efficiency and reducing emission is becoming crucial for OEMs to reduce the price of hybrid variants for maximum adoption.”

According to the report, one driver in the market is development of grid-independent low-cost hybrid kit for light vehicles. Emerging markets are facing a two-sided challenge, emission reduction and adoption of a cost-effective method to reduce emission. The price of conversion kit available in developed regions ranges between $9,500 and $12,000, which is a costly affair for price-sensitive customers. In addition, about 80% of electricity generated in India is through coal or heat, which makes no sense to promote green technology adoption in vehicles without transcending the electricity generation to green technologies. Hence, in the current situation, hybrid technology is the only viable option in the emerging market compared to all-EVs.

Further, the report states that one challenge in the market is decreasing cost of new HEVs. The hybrid segment is the prominent segment of EVs because of the scalability of the segment compared to other segments in EVs. Currently, a premium of $2,500-$3,500 is needed for manufacturing vehicles by hybrid manufacturers over conventional vehicles for giving a fuel efficiency of 25%-30%. However, OEMs are continuously improving the efficiency to further reduce the cost gap. For instance, Toyota Prius delivered consistent 10% efficiency improvement from 2000 to 2014, which resulted in increasing vehicle size and decreasing manufacturing cost of the vehicle. The manufacturing cost premium was $5,000 in 2000, which reduced to $2,500 in 2015.

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.
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1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

  • XL Hybrids
  • Enginer
  • KPIT Technologies
  • Odyne Systems
  • EVDrive
  • Altigreen Propulsion Labs
  • A123 Systems
  • ALTe Technologies
  • Boulder Hybrids
Note: Product cover images may vary from those shown
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