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Hybrid Electric Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • ID: 5353499
  • Report
  • June 2021
  • Region: Global
  • 145 pages
  • IMARC Group

FEATURED COMPANIES

  • Ford Motor Company
  • General Motors Company
  • Honda Motor Co. Ltd.
  • Hyundai Motor Company
  • Toyota Motor Corporation
  • MORE

The global hybrid electric vehicle market exhibited strong growth during 2015-2020. Looking forward, the publisher expects the market to grow at a CAGR of around 35% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.

A hybrid electric vehicle (HEV) is an automobile that runs on the energy stored in batteries. It operates on the combination of an internal combustion engine and an electric propulsion system. The battery is charged using regenerative braking that converts the energy, which is lost during coasting and braking into electricity. In comparison to combustion engine-based automobiles, HEVs have lower fuel consumption, carbon-based emissions and maintenance costs, which make them more cost-effective even at low speeds.

Hybrid Electric Vehicle Market Trends:

The increasing demand for fuel-efficient automobiles across the globe is one of the key factors driving the market. Furthermore, growing environmental consciousness among consumers is also providing a boost to the market growth. This has led to an increased emphasis on the development of innovative designs and advanced technologies to produce zero- and low-emission vehicles with soundless operations and high-performance engines. Additionally, the implementation of favourable government initiatives promoting the adoption of electric vehicles (EVs) for sustainable development is also creating a positive outlook for the market. For instance, various incentives, including tax benefits, utility rate reductions, parking privileges and other rebates, are offered to consumers to enhance the adoption rates of HEVs. Apart from this, improvements in the EV charging infrastructure are leading to increased investments by power sector stakeholders in automobile utilities and charging hardware. Other factors, including rapid urbanization, rising disposable incomes and extensive research and development (R&D) activities, are projected to drive the market in the upcoming years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global hybrid electric vehicle market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, propulsion type, configuration type, vehicle type and power source.

Breakup by Propulsion Type:

  • Full Hybrids
  • Mild Hybrids
  • Plug-in Hybrids
  • Others

Breakup by Configuration Type:

  • Series HEV
  • Parallel HEV
  • Combination HEV

Breakup by Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles
  • Two Wheelers
  • Others

Breakup by Power Source:

  • Stored Electricity
  • On Board Electric Generator

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Toyota Motor Corporation, Honda Motor Co. Ltd., Ford Motor Company, Volkswagen Aktiengesellschaft, General Motors Company, Hyundai Motor Company, Nissan Motor Corporation Ltd., etc.

Key Questions Answered in This Report:

  • How has the global hybrid electric vehicle market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global hybrid electric vehicle market?
  • What is the breakup of the market based on the propulsion type?
  • What is the breakup of the market based on the configuration type?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the power source?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hybrid electric vehicle market and who are the key players?
  • What is the degree of competition in the industry?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ford Motor Company
  • General Motors Company
  • Honda Motor Co. Ltd.
  • Hyundai Motor Company
  • Toyota Motor Corporation
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Hybrid Electric Vehicle Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Propulsion Type
6.1 Full Hybrids
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Mild Hybrids
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Plug-in Hybrids
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Configuration Type
7.1 Series HEV
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Parallel HEV
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Combination HEV
7.3.1 Market Trends
7.3.2 Market Forecast

8 Market Breakup by Vehicle Type
8.1 Passenger Cars
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial Vehicles
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Two-Wheelers
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Breakup by Power Source
9.1 Stored Electricity
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 On Board Electric Generator
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast

11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Price Indicators

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Toyota Motor Corporation
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Honda Motor Co. Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Ford Motor Company
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Volkswagen Aktiengesellschaft
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 General Motors Company
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Hyundai Motor Company
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Nissan Motor Corporation Ltd.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis

List of Figures
Figure 1: Global: Hybrid Electric Vehicle Market: Major Drivers and Challenges
Figure 2: Global: Hybrid Electric Vehicle Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Hybrid Electric Vehicle Market: Breakup by Propulsion Type (in %), 2020
Figure 4: Global: Hybrid Electric Vehicle Market: Breakup by Configuration Type (in %), 2020
Figure 5: Global: Hybrid Electric Vehicle Market: Breakup by Vehicle Type (in %), 2020
Figure 6: Global: Hybrid Electric Vehicle Market: Breakup by Power Source (in %), 2020
Figure 7: Global: Hybrid Electric Vehicle Market: Breakup by Region (in %), 2020
Figure 8: Global: Hybrid Electric Vehicle Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Hybrid Electric Vehicle (Full Hybrids) Market: Sales Value (in Million Units), 2015 & 2020
Figure 10: Global: Hybrid Electric Vehicle (Full Hybrids) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 11: Global: Hybrid Electric Vehicle (Mild Hybrids) Market: Sales Value (in Million Units), 2015 & 2020
Figure 12: Global: Hybrid Electric Vehicle (Mild Hybrids) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 13: Global: Hybrid Electric Vehicle (Plug-in Hybrids) Market: Sales Value (in Million Units), 2015 & 2020
Figure 14: Global: Hybrid Electric Vehicle (Plug-in Hybrids) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 15: Global: Hybrid Electric Vehicle (Others) Market: Sales Value (in Million Units), 2015 & 2020
Figure 16: Global: Hybrid Electric Vehicle (Others) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 17: Global: Hybrid Electric Vehicle (Series HEV) Market: Sales Value (in Million Units), 2015 & 2020
Figure 18: Global: Hybrid Electric Vehicle (Series HEV) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 19: Global: Hybrid Electric Vehicle (Parallel HEV) Market: Sales Value (in Million Units), 2015 & 2020
Figure 20: Global: Hybrid Electric Vehicle (Parallel HEV) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 21: Global: Hybrid Electric Vehicle (Combination HEV) Market: Sales Value (in Million Units), 2015 & 2020
Figure 22: Global: Hybrid Electric Vehicle (Combination HEV) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 23: Global: Hybrid Electric Vehicle (Passenger Cars) Market: Sales Value (in Million Units), 2015 & 2020
Figure 24: Global: Hybrid Electric Vehicle (Passenger Cars) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 25: Global: Hybrid Electric Vehicle (Commercial Vehicles) Market: Sales Value (in Million Units), 2015 & 2020
Figure 26: Global: Hybrid Electric Vehicle (Commercial Vehicles) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 27: Global: Hybrid Electric Vehicle (Two Wheelers) Market: Sales Value (in Million Units), 2015 & 2020
Figure 28: Global: Hybrid Electric Vehicle (Two Wheelers) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 29: Global: Hybrid Electric Vehicle (Others) Market: Sales Value (in Million Units), 2015 & 2020
Figure 30: Global: Hybrid Electric Vehicle (Others) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 31: Global: Hybrid Electric Vehicle (Stored Electricity) Market: Sales Value (in Million Units), 2015 & 2020
Figure 32: Global: Hybrid Electric Vehicle (Stored Electricity) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 33: Global: Hybrid Electric Vehicle (On Board Electric Generator) Market: Sales Value (in Million Units), 2015 & 2020
Figure 34: Global: Hybrid Electric Vehicle (On Board Electric Generator) Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 35: North America: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 36: North America: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 37: United States: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 38: United States: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 39: Canada: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 40: Canada: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 41: Asia Pacific: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 42: Asia Pacific: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 43: China: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 44: China: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 45: Japan: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 46: Japan: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 47: India: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 48: India: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 49: South Korea: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 50: South Korea: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 51: Australia: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 52: Australia: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 53 Indonesia: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 54: Indonesia: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 55: Others: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 56: Others: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 57: Europe: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 58: Europe: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 59: Germany: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 60: Germany: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 61: France: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 62: France: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 63: United Kingdom: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 64: United Kingdom: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 65: Italy: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 66: Italy: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 67: Spain: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 68: Spain: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 69: Russia: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 70: Russia: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 71: Others: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 72: Others: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 73: Latin America: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 74: Latin America: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 75: Brazil: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 76: Brazil: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 77: Mexico: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 78: Mexico: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 79: Others: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 80: Others: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 81: Middle East and Africa: Hybrid Electric Vehicle Market: Sales Value (in Million Units), 2015 & 2020
Figure 82: Middle East and Africa: Hybrid Electric Vehicle Market Forecast: Sales Value (in Million Units), 2021-2026
Figure 83: Global: Hybrid Electric Vehicle Industry: SWOT Analysis
Figure 84: Global: Hybrid Electric Vehicle Industry: Value Chain Analysis
Figure 85: Global: Hybrid Electric Vehicle Industry: Porter’s Five Forces Analysis

List of Tables
Table 1: Global: Hybrid Electric Vehicle Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Propulsion Type (in Million Units), 2021-2026
Table 3: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Configuration Type (in Million Units), 2021-2026
Table 4: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Vehicle Type (in Million Units), 2021-2026
Table 5: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Power Source (in Million Units), 2021-2026
Table 6: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Region (in Million Units), 2021-2026
Table 7: Global: Hybrid Electric Vehicle Market: Competitive Structure
Table 8: Global: Hybrid Electric Vehicle Market: Key Players
Note: Product cover images may vary from those shown
  • Toyota Motor Corporation
  • Honda Motor Co. Ltd.
  • Ford Motor Company
  • Volkswagen Aktiengesellschaft
  • General Motors Company
  • Hyundai Motor Company
  • Nissan Motor Corporation Ltd.
Note: Product cover images may vary from those shown

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