Hybrid Electric Car Market by Hybridization, by Type, by Battery, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

  • ID: 4517522
  • Report
  • Region: Global
  • 121 pages
  • P&S Market Research
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Falling battery prices, low price compared to other electric cars, and increased fuel economy, are some of the major factors driving the growth of hybrid electric car market globally.

Hybrid electric cars are the combination of chemically fueled (gasoline, diesel, or alternative) internal combustion engine, electric motors, battery, and regenerative braking. Altogether, the combination of above components improves the vehicle efficiency, increase fuel economy, and decrease emissions.

Insights on Market Segments:

Full hybrid electric vehicles (HEVs) dominated the hybrid electric car market during the historical period. However, mild HEVs are expected to register faster growth of 39.4% during the forecast period, mainly due to their low price compared to full HEVs. Other factors contributing to the increasing demand for mild hybrid cars are easy mechanical integration of components and powertrains, electric power steering, electric turbocharger/supercharger, and electric air conditioning, at a low cost.

Nickel-metal hydride (NiMH) batteries powered hybrid electric cars accounted for a larger share in the market during the historical period, owing to their lower cost, higher durability, and more safety features than lithium-ion (Li-ion) batteries. These cars are estimated to contribute close to 60% share to the market in 2017. Dominance of Toyota (which uses NiMH batteries) in the market also helped in the increased sales of NiMH battery-fitted HEVs.

Hybrid hatchbacks have largely dominated the hybrid electric car market, owing to consumer preference toward small cars in major HEV markets, such as Japan. Hatchback HEVs are expected to continue their dominance in the hybrid electric car market with a CAGR of 16.6%, owing to their low cost compared to other car types and the upcoming launch of several new hatchback HEV models during the forecast period.

The market will witness fastest growth in Europe

The hybrid electric car market is expected to witness the highest growth in Europe, with a CAGR of 28.5% during the forecast period, owing to stringent emission norms, increased and improved offerings of HEVs from automakers, and growing sense of environmental concern among customers in the region. In addition, continuous decline in the sales of diesel vehicles in the European region after the Volkswagen emission scandal in September 2015 and the expected launch of new HEV models by Renault, Volkswagen, PSA, Mercedes-Benz, and Volvo is further boosting the hybrid electric car market growth.

Increased fuel economy is expected to drive the market growth

The increased fuel economy offered by hybrid electric cars compared to conventional cars, owing to the incorporation of a battery and associated electric systems, is driving the growth of hybrid electric car market. They do not run entirely off the engine but use an electric motor during the start/stop/idling period, which reduces the fuel consumption by 15-40%. Additionally, the new-generation models deliver better fuel efficiency than the previous-generation models, which further drives the growth of the hybrid electric car market.

High market scope in developing and emerging economies is expected to provide growth opportunities to the market

The penetration of the hybrid electric car market in emerging economies, such as China, India, Indonesia, Brazil, and South Korea, is in the formative stage. However, there is a high scope for the market growth in developing countries, owing to stringent emission norms, high gasoline prices, and high demand for passenger cars in these regions. Many automakers are planning to enter these markets with their new and existing hybrid car models. For instance, Maruti Suzuki plans to launch several hybrid cars in India by 2020.

The abovementioned factors are anticipated to provide potential growth opportunities to the hybrid electric car market in the forecast period.

Hybrid Electric Car Market - Competitive Landscape

Some of the major players operating in the global hybrid electric car market are Toyota Motor Corporation, Honda Motor Co. Ltd., Bayerische Motoren Werke (BMW) Group, Ford Motor Company, Volkswagen AG, General Motors Company, and Hyundai Motor Company.
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1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Hybridization
1.3.2 Market Segmentation by Battery
1.3.3 Market Segmentation by Type
1.3.4 Market Segmentation by Geography
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.3.6.2 Volume
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 by region
2.2.1.2 by industry participant
2.2.1.3 by company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 by Hybridization
4.1.1.1 Mild
4.1.1.2 Full
4.1.2 by Type
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing demand of mild hybrid electric car
4.3.2 Drivers
4.3.2.1 Stringent emission norms
4.3.2.2 Falling battery prices
4.3.2.3 Low price compared to other electric cars
4.3.2.4 Increased fuel economy
4.3.2.5 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Increasing competition from other cars
4.3.3.2 Dependence on fuel prices
4.3.3.3 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 High market scope in developing and emerging economies
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of new entrants
4.4.5 Threat of substitutes

5. Global Market Size and Forecast
5.1 by Hybridization
5.2 by Battery
5.3 by Type
5.4 by Region

6. North America Market Size and Forecast
6.1 by Hybridization
6.2 by Battery
6.3 by Type
6.4 by Country

7. Asia-Pacific Market Size and Forecast
7.1 by Hybridization
7.2 by Battery
7.3 by Type
7.4 by Country

8. Europe Market Size and Forecast
8.1 by Hybridization
8.2 by Battery
8.3 by Type
8.4 by Country

9. ROW Market Size and Forecast
9.1 by Hybridization
9.2 by Battery
9.3 by Type

10. Competitive Landscape
10.1 Market Share Analysis of Key Players
10.2 Global Strategic Developments of Key Players
10.2.1 Product Launches
10.2.2 Partnerships

11. Company Profiles
11.1 Toyota Motor Corporation
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.1.3 Key Financial Summary
11.1.4 Strategic Growth Plans
11.2 Honda Motor Co. Ltd.
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.2.3 Key Financial Summary
11.2.4 Strategic Growth Plans
11.3 Bayerische Motoren Werke (BMW) Group
11.3.1 Business Overview
11.3.2 Product and Service Offerings
11.3.3 Key Financial Summary
11.3.4 Strategic Growth Plans
11.4 Ford Motor Company
11.4.1 Business Overview
11.4.2 Product and Service Offerings
11.4.3 Key Financial Summary
11.4.4 Strategic Growth Plans
11.5 Volkswagen AG
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.5.3 Key Financial Summary
11.5.4 Strategic Growth Plans
11.6 General Motors Company
11.6.1 Business Overview
11.6.2 Product and Service Offerings
11.6.3 Key Financial Summary
11.6.4 Strategic Growth Plans
11.7 Hyundai Motor Company
11.7.1 Business Overview
11.7.2 Product and Service Offerings
11.7.3 Key Financial Summary
11.7.4 Strategic Growth Plans

12. Appendix
12.1 Abbreviations
12.2 Sources and References
12.3 Related Reports

List of Tables
Table 1 Analysis Period of the Study
Table 2 Drivers For the Market: Impact Analysis
Table 3 Restraints For the Market: Impact Analysis
Table 4 Global Hybrid Electric Car Market, by Hybridization, ‘000 Units (2013-2017)
Table 5 Global Hybrid Electric Car Market, by Hybridization, ‘000 Units (2018-2023)
Table 6 Global Hybrid Electric Car Market, by Hybridization, $M (2013-2017)
Table 7 Global Hybrid Electric Car Market, by Hybridization, $M (2018-2023)
Table 8 Global Hybrid Electric Car Market, by Battery, ‘000 Units (2013-2017)
Table 9 Global Hybrid Electric Car Market, by Battery, ‘000 Units (2018-2023)
Table 10 Global Hybrid Electric Car Market, by Battery, $M (2013-2017)
Table 11 Global Hybrid Electric Car Market, by Battery, $M (2018-2023)
Table 12 Global Hybrid Electric Car Market, by Type, ‘000 Units (2013-2017)
Table 13 Global Hybrid Electric Car Market, by Type, ‘000 Units (2018-2023)
Table 14 Global Hybrid Electric Car Market, by Type, $M (2013-2017)
Table 15 Global Hybrid Electric Car Market, by Type, $M (2018-2023)
Table 16 Global Hybrid Electric Car Market, by Region, ‘000 Units (2013-2017)
Table 17 Global Hybrid Electric Car Market, by Region, ‘000 Units (2018-2023)
Table 18 Global Hybrid Electric Car Market, by Region, $M (2013-2017)
Table 19 Global Hybrid Electric Car Market, by Region, $M (2018-2023)
Table 20 North America Hybrid Electric Car Market, by Hybridization, ‘000 Units (2013-2017)
Table 21 North America Hybrid Electric Car Market, by Hybridization, ‘000 Units (2018-2023)
Table 22 North America Hybrid Electric Car Market, by Hybridization, $M (2013-2017)
Table 23 North America Hybrid Electric Car Market, by Hybridization, $M (2018-2023)
Table 24 North America Hybrid Electric Car Market, by Battery, ‘000 Units (2013-2017)
Table 25 North America Hybrid Electric Car Market, by Battery, ‘000 Units (2018-2023)
Table 26 North America Hybrid Electric Car Market, by Battery, $M (2013-2017)
Table 27 North America Hybrid Electric Car Market, by Battery, $M (2018-2023)
Table 28 North America Hybrid Electric Car Market, by Type, ‘000 Units (2013-2017)
Table 29 North America Hybrid Electric Car Market, by Type, ‘000 Units (2018-2023)
Table 30 North America Hybrid Electric Car Market, by Type, $M (2013-2017)
Table 31 North America Hybrid Electric Car Market, by Type, $M (2018-2023)
Table 32 North America Hybrid Electric Car Market, by Country, ‘000 Units (2013-2017)
Table 33 North America Hybrid Electric Car Market, by Country, ‘000 Units (2018-2023)
Table 34 North America Hybrid Electric Car Market, by Country, $M (2013-2017)
Table 35 North America Hybrid Electric Car Market, by Country, $M (2018-2023)
Table 36 Asia-Pacific Hybrid Electric Car Market, by Hybridization, ‘000 Units (2013-2017)
Table 37 Asia-Pacific Hybrid Electric Car Market, by Hybridization, ‘000 Units (2018-2023)
Table 38 Asia-Pacific Hybrid Electric Car Market, by Hybridization, $M (2013-2017)
Table 39 Asia-Pacific Hybrid Electric Car Market, by Hybridization, $M (2018-2023)
Table 40 Asia-Pacific Hybrid Electric Car Market, by Battery, ‘000 Units (2013-2017)
Table 41 Asia-Pacific Hybrid Electric Car Market, by Battery, ‘000 Units (2018-2023)
Table 42 Asia-Pacific Hybrid Electric Car Market, by Battery, $M (2013-2017)
Table 43 Asia-Pacific Hybrid Electric Car Market, by Battery, $M (2018-2023)
Table 44 Asia-Pacific Hybrid Electric Car Market, by Type, ‘000 Units (2013-2017)
Table 45 Asia-Pacific Hybrid Electric Car Market, by Type, ‘000 Units (2018-2023)
Table 46 Asia-Pacific Hybrid Electric Car Market, by Type, $M (2013-2017)
Table 47 Asia-Pacific Hybrid Electric Car Market, by Type, $M (2018-2023)
Table 48 Asia-Pacific Hybrid Electric Car Market, by Country, ‘000 Units (2013-2017)
Table 49 Asia-Pacific Hybrid Electric Car Market, by Country, ‘000 Units (2018-2023)
Table 50 Asia-Pacific Hybrid Electric Car Market, by Country, $M (2013-2017)
Table 51 Asia-Pacific Hybrid Electric Car Market, by Country, $M (2018-2023)
Table 52 Europe Hybrid Electric Car Market, by Hybridization, ‘000 Units (2013-2017)
Table 53 Europe Hybrid Electric Car Market, by Hybridization, ‘000 Units (2018-2023)
Table 54 Europe Hybrid Electric Car Market, by Hybridization, $M (2013-2017)
Table 55 Europe Hybrid Electric Car Market, by Hybridization, $M (2018-2023)
Table 56 Europe Hybrid Electric Car Market, by Battery, ‘000 Units (2013-2017)
Table 57 Europe Hybrid Electric Car Market, by Battery, ‘000 Units (2018-2023)
Table 58 Europe Hybrid Electric Car Market, by Battery, $M (2013-2017)
Table 59 Europe Hybrid Electric Car Market, by Battery, $M (2018-2023)
Table 60 Europe Hybrid Electric Car Market, by Type, ‘000 Units (2013-2017)
Table 61 Europe Hybrid Electric Car Market, by Type, ‘000 Units (2018-2023)
Table 62 Europe Hybrid Electric Car Market, by Type, $M (2013-2017)
Table 63 Europe Hybrid Electric Car Market, by Type, $M (2018-2023)
Table 64 Europe Hybrid Electric Car Market, by Country, ‘000 Units (2013-2017)
Table 65 Europe Hybrid Electric Car Market, by Country, ‘000 Units (2018-2023)
Table 66 Europe Hybrid Electric Car Market, by Country, $M (2013-2017)
Table 67 Europe Hybrid Electric Car Market, by Country, $M (2018-2023)
Table 68 Row Hybrid Electric Car Market, by Hybridization, ‘000 Units (2013-2017)
Table 69 Row Hybrid Electric Car Market, by Hybridization, ‘000 Units (2018-2023)
Table 70 Row Hybrid Electric Car Market, by Hybridization, $M (2013-2017)
Table 71 Row Hybrid Electric Car Market, by Hybridization, $M (2018-2023)
Table 72 Row Hybrid Electric Car Market, by Battery, ‘000 Units (2013-2017)
Table 73 Row Hybrid Electric Car Market, by Battery, ‘000 Units (2018-2023)
Table 74 Row Hybrid Electric Car Market, by Battery, $M (2013-2017)
Table 75 Row Hybrid Electric Car Market, by Battery, $M (2018-2023)
Table 76 Row Hybrid Electric Car Market, by Type, ‘000 Units (2013-2017)
Table 77 Row Hybrid Electric Car Market, by Type, ‘000 Units (2018-2023)
Table 78 Row Hybrid Electric Car Market, by Type, $M (2013-2017)
Table 79 Row Hybrid Electric Car Market, by Type, $M (2018-2023)
Table 80 Toyota Motor Corporation - At a Glance
Table 81 Toyota Motor Corporation - Key Financial Summary
Table 82 Honda Motor Co. Ltd. - At a Glance
Table 83 Honda Motor Co. Ltd. - Key Financial Summary
Table 84 Bmw Group - At a Glance
Table 85 Bmw Group - Key Financial Summary
Table 86 Ford Motor Company - At a Glance
Table 87 Ford Motor Company - Key Financial Summary
Table 88 Volkswagen Ag - At a Glance
Table 89 Volkswagen Ag - Key Financial Summary
Table 90 General Motors Company - At a Glance
Table 91 General Motors Company - Key Financial Summary
Table 92 Hyundai Motor Company - At a Glance
Table 93 Hyundai Motor Company - Key Financial Summary

List of Figures
Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Regional Split of Primary and Secondary Research
Fig 4 Breakdown of Primary Research by Region
Fig 5 Breakdown of Primary Research by Industry Participant
Fig 6 Breakdown of Primary Research by Company Type
Fig 7 Data Triangulation Approach
Fig 8 Global Hybrid Electric Car Market Summary
Fig 9 U.S. Hev Sales Vs Gasoline Prices
Fig 10 Porter’S Five Forces Analysis
Fig 11 Global Hybrid Electric Car Market, by Hybridization, ‘000 Units (2013-2023)
Fig 12 Global Hybrid Electric Car Market, by Battery, ‘000 Units (2013-2023)
Fig 13 Global Hybrid Electric Car Market, by Type, ‘000 Units (2013-2023)
Fig 14 Worldwide Major Markets For Hybrid Electric Cars
Fig 15 North America Hybrid Electric Car Market Snapshot
Fig 16 North America Hybrid Electric Car Market, by Hybridization, ‘000 Units (2013-2023)
Fig 17 North America Hybrid Electric Car Market, by Battery, ‘000 Units (2013-2023)
Fig 18 North America Hybrid Electric Car Market, by Type, ‘000 Units (2013-2023)
Fig 19 North America Hybrid Electric Car Market, by Country, ‘000 Units (2013-2023)
Fig 20 Asia-Pacific Hybrid Electric Car Market Snapshot
Fig 21 Asia-Pacific Hybrid Electric Car Market, by Hybridization, ‘000 Units (2013-2023)
Fig 22 Asia-Pacific Hybrid Electric Car Market, by Battery, ‘000 Units (2013-2023)
Fig 23 Asia-Pacific Hybrid Electric Car Market, by Type, ‘000 Units (2013-2023)
Fig 24 Asia-Pacific Hybrid Electric Car Market, by Country, ‘000 Units (2013-2023)
Fig 25 Europe Hybrid Electric Car Market Snapshot
Fig 26 Europe Hybrid Electric Car Market, by Hybridization, ‘000 Units (2013-2023)
Fig 27 Europe Hybrid Electric Car Market, by Battery, ‘000 Units (2013-2023)
Fig 28 Europe Hybrid Electric Car Market, by Type, ‘000 Units (2013-2023)
Fig 29 Europe Hybrid Electric Car Market, by Country, ‘000 Units (2013-2023)
Fig 30 Row Hybrid Electric Car Market Snapshot
Fig 31 Row Hybrid Electric Car Market, by Hybridization, ‘000 Units (2013-2023)
Fig 32 Row Hybrid Electric Car Market, by Battery, ‘000 Units (2013-2023)
Fig 33 Row Hybrid Electric Car Market, by Type, ‘000 Units (2013-2023)
Fig 34 Global Hybrid Electric Car Market Share of Key Players (2016)
Fig 35 Toyota Motor Corporation - Revenue Split by Segment and Geography (2017)
Fig 36 Honda Motor Co. Ltd. - Revenue Split by Segment and Geography (2017)
Fig 37 Bmw Group - Revenue Split by Segment and Geography (2016)
Fig 38 Ford Motor Company - Revenue Split by Segment and Geography (2016)
Fig 39 Volkswagen Ag - Revenue Split by Segment and Geography (2016)
Fig 40 General Motors Company - Revenue Split by Segment and Geography (2016)
Fig 41 Hyundai Motor Company - Revenue Split by Segment and Geography (2016)
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