Hybrid Vehicle Market Worth 7,593 Thousand Units by 2025

PUNE, India, May 10, 2018 /PRNewswire/ --

According to a new market research report "Hybrid Vehicle Market by Electric Powertrain (Parallel, Series), Degree of Hybridization (Full, Micro, and Mild), Propulsion (HEV, PHEV, and NGV), Vehicle Type (PC, CV), Component (Battery, Electric Motor, and Transmission), and Region - Global Forecast to 2025", published MarketsandMarkets™, the market is estimated to be 4,169 Thousand Units in 2018 and is projected to reach a market size of 7,593 Thousand Units by 2025, growing at a CAGR of 8.94% during the forecast period. The market is driven by factors such as better fuel efficiency, longer driving range than other electric vehicles, less emissions, and government initiatives pertaining to hybrid vehicles and electric infrastructure.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 54 market data Tables and 71 Figures spread through 154 Pages and in-depth TOC on "Hybrid Vehicle Market"

https://www.marketsandmarkets.com/Market-Reports/hybrid-vehicle-market-159441728.html

Early buyers will receive 10% customization on this report 

The parallel hybrid segment is estimated to be the fastest growing and the largest market in the Hybrid Vehicle Market during the forecast period 

Parallel hybrid is one of the fastest growing markets by electric powertrain in the Hybrid Vehicle Market due to its less complex system and high performance. It is also suitable for long distance travel. Also, the energy conversion losses are minimized in a parallel hybrid as the engine and battery are connected to the motor directly. The regenerative braking system is the most commonly used technology in hybrid vehicles. The use of the regenerative braking system and the lesser cost of micro and mild hybrids compared to PHEVs will boost the demand for parallel hybrids. Hence, the parallel hybrid segment is expected to dominate the Hybrid Vehicle Market during the forecast period.

Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=159441728

Passenger car segment to be the largest segment of the Hybrid Vehicle Market, by vehicle type 

The passenger car segment is projected to lead the Hybrid Vehicle Market. The growth can be attributed to the high demand for personal mobility, increasing per capita income, and improved lifestyle, which are the driving factors of the sales of passenger cars. The high sales of passenger cars, stringent emission laws, and increasing demand for mid- and large-sized cars are propelling the growth of passenger cars in the Hybrid Vehicle Market. Also, the governments in many countries are providing purchase grants and tax rebates on the purchase or lease of hybrid vehicles.

Asia Pacific is projected to be the fastest growing regional market for a hybrid vehicle 

Asia Pacific represents the biggest market for green technologies in the world. The growth of hybrid vehicles in the region is mainly attributed to the huge sales volume in Japan and China. To combat rising emissions, countries in the region are focusing on deploying a large fleet of low-emission vehicles in the next few years. Also, Asia Pacific region is the home for major players in the Hybrid Vehicle Market such as Toyota, Honda, Nissan, Kia, BYD, Hyundai, and others. Toyota has the highest share in the hybrid vehicle sales worldwide. Moreover, governments of Asian countries are supporting the growth by providing subsidies which are fuelling the Hybrid Vehicle Market in the region.

The Hybrid Vehicle Market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Toyota (Japan), Ford (US), Volvo (Sweden), Continental (Germany), Daimler (Germany), Delphi (UK), and others.

Know more about the Hybrid Vehicle Market:
https://www.marketsandmarkets.com/Market-Reports/hybrid-vehicle-market-159441728.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Visit Our Blog: http://mnmblog.org/market-research/automotive-transportation

Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets