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(I-AutoNewsWire.com, December 14, 2018 ) Key growth drivers for Hybrid Vehicle Market are increasing government initiatives, higher fuel efficiency, longer driving range, stringent emission regulations and the increasing demand for mid-size and large size cars in countries such as Norway, Sweden, Germany, the US, and others. Rising demand for mid- and large-sized PHEV and NGV cars, government initiatives pertaining to hybrid vehicles are likely to further boost the hybrid vehicle market.
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The trend in hybrid vehicles is growing toward PHEVs and Natural Gas Vehicles (NGVs). It is seen that the demand for hybrid vehicles is either falling or growing slowly. This is possibly due to the continuous decrease in the battery price as developed nations are focusing more toward zero-emission vehicles to cope with stringent emission standards.
Key Target Audience • Auto OEMS • Companies operating in the hybrid vehicle ecosystem • Country-level governments and other policymakers • Country-level industry associations and experts • Distributors and suppliers of hybrid vehicle components • Electric vehicle manufacturers • Manufacturers of hybrid vehicle components • Manufacturers of hybrid vehicles • Raw material manufacturers • Raw material suppliers
The ecosystem of the hybrid vehicle market consists of hybrid vehicle technology manufacturers such as Delphi (UK), Continental (Germany), BorgWarner (US), ZF (Germany), and Schaeffler (Germany). The OEMs considered include Toyota (Japan), Honda (Japan), Hyundai (South Korea), Daimler (Germany), and Nissan (Japan).
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Though the passenger car market is estimated to be the largest in the hybrid vehicle market, commercial vehicle market is estimated to be the fastest growing market. The developments in terms of reducing emissions are also being seen in the commercial vehicle segment. OEMs such as Volvo, Scania, Daimler, and others are focusing on developing hybrid commercial vehicles to cope with the stringent emission norms.
Premium Insights 1 Attractive Opportunities in the Hybrid Vehicle Market 2 Hybrid Vehicle Market, By Electric Powertrain Type, 2018–2025 3 Hybrid Vehicle Market, By Degree of Hybridization, 2018–2025 4 Hybrid Vehicle Market, By Propulsion, 2018–2025 5 Hybrid Vehicle Market, By Component Type, 2018–2025 6 Hybrid Vehicle Market, By Vehicle Type, 2018–2025 7 Hybrid Vehicle Market, By Region, 2018–2025
More Information on “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” research https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1502331 .
Asia Pacific is estimated to be the fastest growing market for hybrid vehicles, with Japan accounting for the largest market share in 2018. The market growth in the region can be attributed to the increased focus on the development of hybrid vehicle technology.
The break-up of the primaries is as follows: • By Company Type: Tier-1–43%, Tier-2–36%, and Tier 3–21% • By Designation: C—level Executives–57%, Directors–29%, Others–14% • By Region: North America–29%, Europe–38%, Asia Pacific–26%, RoW–7%
The Asia Pacific region is home to major hybrid vehicle manufacturers, such as Toyota, Honda, Nissan, Kia, BYD, and Hyundai. Also, the government in the region is supporting the development of PHEVs and NGVs by providing purchase grants and tax rebates. The support from government and increasing sales are likely to boost the hybrid vehicle market in the region.
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Source: EmailWire.Com
Source: EmailWire.com
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