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United States (US) Hybrid and Electric Cars Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 56 Pages
  • September 2023
  • Region: United States
  • MarketLine
  • ID: 5907610
Hybrid & Electric Cars in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The hybrid and electric cars market consists of the initial retail sale/registration of new electric and hybrid passenger cars. Passenger cars include saloons/sedans, hatchbacks, SUVs, 4x4s, and other related vehicles.
  • The US hybrid & electric cars market had total revenues of $91.0 billion in 2022, representing a compound annual growth rate (CAGR) of 34.5% between 2017 and 2022.
  • Market production volume increased with a CAGR of 31.1% between 2017 and 2022, to reach a total of 1,775,589.0 units in 2022.
  • The growth in the US hybrid & electric cars market is influenced by several macroeconomic factors, such as rising GDP, growing consumer confidence, and an increase in disposable income among individuals. For instance, according to the University of Michigan, the consumer confidence index in the US stood at 71.2 in August 2023, up from 64.4 in June 2023.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hybrid & electric cars market in the United States
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hybrid & electric cars market in the United States
  • Leading company profiles reveal details of key hybrid & electric cars market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the United States hybrid & electric cars market with five year forecasts

Reasons to Buy

  • What was the size of the United States hybrid & electric cars market by value in 2022?
  • What will be the size of the United States hybrid & electric cars market in 2027?
  • What factors are affecting the strength of competition in the United States hybrid & electric cars market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the United States's hybrid & electric cars market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments on the market?
8 Company Profiles
8.1. Tesla, Inc.
8.2. General Motors Company
8.3. Toyota Motor Corporation
8.4. Ford Motor Company
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: United States hybrid & electric cars market value: $ million, 2017-22
Table 2: United States hybrid & electric cars market volume: units, 2017-22
Table 3: United States hybrid & electric cars market category segmentation: % share, by value, 2017-2022
Table 4: United States hybrid & electric cars market category segmentation: $ million, 2017-2022
Table 5: United States hybrid & electric cars market geography segmentation: $ million, 2022
Table 6: United States hybrid & electric cars market value forecast: $ million, 2022-27
Table 7: United States hybrid & electric cars market volume forecast: units, 2022-27
Table 8: Tesla, Inc.: key facts
Table 9: Tesla, Inc.: Annual Financial Ratios
Table 10: Tesla, Inc.: Key Employees
Table 11: General Motors Company: key facts
Table 12: General Motors Company: Annual Financial Ratios
Table 13: General Motors Company: Key Employees
Table 14: General Motors Company: Key Employees Continued
Table 15: General Motors Company: Key Employees Continued
Table 16: Toyota Motor Corporation: key facts
Table 17: Toyota Motor Corporation: Annual Financial Ratios
Table 18: Toyota Motor Corporation: Key Employees
Table 19: Toyota Motor Corporation: Key Employees Continued
Table 20: Toyota Motor Corporation: Key Employees Continued
Table 21: Ford Motor Company: key facts
Table 22: Ford Motor Company: Annual Financial Ratios
Table 23: Ford Motor Company: Key Employees
Table 24: Ford Motor Company: Key Employees Continued
Table 25: Ford Motor Company: Key Employees Continued
Table 26: United States size of population (million), 2018-22
Table 27: United States gdp (constant 2005 prices, $ billion), 2018-22
Table 28: United States gdp (current prices, $ billion), 2018-22
Table 29: United States inflation, 2018-22
Table 30: United States consumer price index (absolute), 2018-22
Table 31: United States exchange rate, 2018-22
List of Figures
Figure 1: United States hybrid & electric cars market value: $ million, 2017-22
Figure 2: United States hybrid & electric cars market volume: units, 2017-22
Figure 3: United States hybrid & electric cars market category segmentation: $ million, 2017-2022
Figure 4: United States hybrid & electric cars market geography segmentation: % share, by value, 2022
Figure 5: United States hybrid & electric cars market value forecast: $ million, 2022-27
Figure 6: United States hybrid & electric cars market volume forecast: units, 2022-27
Figure 7: Forces driving competition in the hybrid & electric cars market in the United States, 2022
Figure 8: Drivers of buyer power in the hybrid & electric cars market in the United States, 2022
Figure 9: Drivers of supplier power in the hybrid & electric cars market in the United States, 2022
Figure 10: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in the United States, 2022
Figure 11: Factors influencing the threat of substitutes in the hybrid & electric cars market in the United States, 2022
Figure 12: Drivers of degree of rivalry in the hybrid & electric cars market in the United States, 2022

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Tesla, Inc.
  • General Motors Company
  • Toyota Motor Corporation
  • Ford Motor Company