Hybrid Electric Vehicles Market Size, and Forecast to 2027

Summary
Table Of Content

Market Insights

The hybrid electric vehicles market is expected to cross-market value of USD 1,170.34 billion in 2027 from USD 250.20 billion in 2020. It is expected to grow at a CAGR of over 28.21% during the forecast period.

Hybrid cars have an internal combustion engine and an electric motor, and they use energy stored in batteries, which are charged by regenerative braking and the internal combustion engine. Credence Research offers holistic information and absolute accuracy in the “Global Hybrid Electric Vehicles Market report.”

Key Market Drivers and Restraints

Factors that greatly impact the market growth of industrial electric vehicles will be covered here. Also, covers factors that may challenge or act as an opportunity for the market will be discussed to identify revenue generation.

Impact of COVID 19

Despite the effects of COVID-19 on the global automotive industry, sales of hybrid electric vehicles (HEVs) have increased significantly in recent years, and the HEV market is expected to expand in 2020. These HEVs, also known as “self-charging hybrids” (hybrids that do not need a battery but have electric-only driving modes), cater to customers who want to reduce their fuel consumption and CO2 emissions but aren’t persuaded by the concept of plug-in cars.

North America to Dominate the global hybrid electric vehicles market

On the geographic front, the Global Hybrid Electric Vehicles Market comprises six regions with all key economies pertaining to it. Credence Research provides in-depth insight into prominent Global Hybrid Electric Vehicles Market regions. North America dominated with over 30% share in 2020.

The full-hybrid process leads Global Hybrid Electric Vehicles Market

Micro-hybrid, Mild-hybrid, and Full-hybrid, Plug-in hybrid are the key process types through which Hybrid Electric Vehicles are performed. In 2020, full-hybrid hybrid electric vehicles accounted for the largest share in the global market owing to high support from the Japanese and US markets.

Passenger cars dominate the global hybrid electric vehicles market in terms of vehicle type.

Passenger Cars and Commercial Vehicles are two vehicle types of Hybrid Electric Vehicles. Passenger Cars dominated the market in 2020. However, electric buses are being adopted at an increasing rate in Asian countries, especially India and China, so the commercial vehicle segment, which primarily includes electric buses, is expected to grow at a remarkable CAGR. In addition, some regions are working to replace their current gasoline-powered vehicle fleet with electric buses.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Hybrid Electric Vehicles Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Hybrid Electric Vehicles Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Hybrid Type
3.3.2.Vehicle Type
3.3.3.Geography

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Hybrid Electric Vehicles Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Hybrid Electric Vehicles Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Hybrid Electric Vehicles Market, By Hybrid Type, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Micro-hybrid
6.2.3.Mild-hybrid
6.2.4.Full-hybrid
6.2.5.Plug-in hybrid
6.3.North America Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Passenger Cars
6.3.3.Commercial Vehicles

7.Europe

7.1.Europe Hybrid Electric Vehicles Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Hybrid Electric Vehicles Market, By Hybrid Type, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Micro-hybrid
7.2.3.Mild-hybrid
7.2.4.Full-hybrid
7.2.5.Plug-in hybrid
7.3.Europe Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Passenger Cars
7.3.3.Commercial Vehicles

8.Asia Pacific

8.1.Asia Pacific Hybrid Electric Vehicles Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Hybrid Electric Vehicles Market, By Hybrid Type, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Micro-hybrid
8.2.3.Mild-hybrid
8.2.4.Full-hybrid
8.2.5.Plug-in hybrid
8.3.Asia Pacific Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Passenger Cars
8.3.3.Commercial Vehicles

9.Latin America

9.1.Latin America Hybrid Electric Vehicles Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Hybrid Electric Vehicles Market, By Hybrid Type, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Micro-hybrid
9.2.3.Mild-hybrid
9.2.4.Full-hybrid
9.2.5.Plug-in hybrid
9.3.Latin America Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Passenger Cars
9.3.3.Commercial Vehicles

10.Middle East

10.1.Middle East Hybrid Electric Vehicles Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Hybrid Electric Vehicles Market, By Hybrid Type, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Micro-hybrid
10.2.3.Mild-hybrid
10.2.4.Full-hybrid
10.2.5.Plug-in hybrid
10.3.Middle East Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Passenger Cars
10.3.3.Commercial Vehicles

11.Africa

11.1.Africa Hybrid Electric Vehicles Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Hybrid Electric Vehicles Market, By Hybrid Type, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Micro-hybrid
11.2.3.Mild-hybrid
11.2.4.Full-hybrid
11.2.5.Plug-in hybrid
11.3.Africa Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Passenger Cars
11.3.3.Commercial Vehicles

12.Global

12.1.Global Hybrid Electric Vehicles Market, By Hybrid Type, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Micro-hybrid
12.1.3.Mild-hybrid
12.1.4.Full-hybrid
12.1.5.Plug-in hybrid
12.2.Global Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Passenger Cars
12.2.3.Commercial Vehicles

13.Company Profiles

13.1.Toyota
13.2.Ford Motor Company
13.3.Mahindra & Mahindra Ltd
13.4.Honda Motor Company
13.5.Porsche
13.6.BMW AG
13.7.Lexus
13.8. Hyundai Motor Company

List of Figures

List of Figures
FIG. 1Global Hybrid Electric Vehicles Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Hybrid Electric Vehicles Market Segmentation
FIG. 4Global Hybrid Electric Vehicles Market, by Product, 2019 (US$ Bn)
FIG. 5Global Hybrid Electric Vehicles Market, by End-user, 2019 (US$ Bn)
FIG. 6Global Hybrid Electric Vehicles Market, by Geography, 2019 (US$ Bn)
FIG. 7Attractive Investment Proposition, by Geography, 2019
FIG. 8Global Market Positioning of Key Hybrid Electric Vehicles Market Manufacturers, 2019
FIG. 9Global Hybrid Electric Vehicles Market Value Contribution, By Type of Metal Extracted, 2019 & 2027 (Value %)
FIG. 10Global Hybrid Electric Vehicles Market, by Metal 1, Value, 2015-2027 (US$ Bn)
FIG. 11Global Hybrid Electric Vehicles Market, by Metal 2, Value, 2015-2027 (US$ Bn)
FIG. 12Global Hybrid Electric Vehicles Market, by Metal 3, Value, 2015-2027 (US$ Bn)
FIG. 13Global Hybrid Electric Vehicles Market, by Metal 4, Value, 2015-2027 (US$ Bn)
FIG. 14Global Hybrid Electric Vehicles Market, by Metal 5, Value, 2015-2027 (US$ Bn)
FIG. 15Global Hybrid Electric Vehicles Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 16Global Hybrid Electric Vehicles Market Value Contribution, By Hybrid Type, 2019 & 2027 (Value %)
FIG. 17Global Hybrid Electric Vehicles Market, by Process 1, Value, 2015-2027 (US$ Bn)
FIG. 18Global Hybrid Electric Vehicles Market, by Process 2, Value, 2015-2027 (US$ Bn)
FIG. 19Global Hybrid Electric Vehicles Market, by Process 3, Value, 2015-2027 (US$ Bn)
FIG. 20U.S. Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)
FIG. 21Rest of North America Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)
FIG. 22U.K. Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)
FIG. 23Germany Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)
FIG. 24France Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)
FIG. 25Rest of Europe Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)
FIG. 26Japan Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)
FIG. 27China Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)
FIG. 28India Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)
FIG. 29Rest of Asia Pacific Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)
FIG. 30Middle East & Africa Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)
Latin America Hybrid Electric Vehicles Market, 2015-2027 (US$ Bn)

List of Tables

List of Tables
TABLE 1Market Snapshot: Global Hybrid Electric Vehicles Market
TABLE 2Global Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 3Global Hybrid Electric Vehicles Market, by Hybrid Type, 2015-2027 (US$ Bn)
TABLE 4Global Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 5Global Hybrid Electric Vehicles Market, by Geography, 2015-2027 (US$ Bn)
TABLE 6North America Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 7North America Hybrid Electric Vehicles Market, by Hybrid Type, 2015-2027 (US$ Bn)
TABLE 8North America Hybrid Electric Vehicles Market, by Country, 2015-2027 (US$ Bn)
TABLE 9Europe Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 10Europe Hybrid Electric Vehicles Market, by Hybrid Type, 2015-2027 (US$ Bn)
TABLE 11Europe Hybrid Electric Vehicles Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 12Asia Pacific Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 13Asia Pacific Hybrid Electric Vehicles Market, by Hybrid Type, 2015-2027 (US$ Bn)
TABLE 14Asia Pacific Hybrid Electric Vehicles Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 15Latin America Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 16Latin America Hybrid Electric Vehicles Market, by Hybrid Type, 2015-2027 (US$ Bn)
TABLE 17Latin America Hybrid Electric Vehicles Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 18Middle East Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 19Middle East Hybrid Electric Vehicles Market, by Hybrid Type, 2015-2027 (US$ Bn)
TABLE 20Middle East Hybrid Electric Vehicles Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 21Africa Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 22Africa Hybrid Electric Vehicles Market, by Hybrid Type, 2015-2027 (US$ Bn)
TABLE 23Africa Hybrid Electric Vehicles Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 24Company 01: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25Company 2: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Company 3: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27Company 4.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28Company 5: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Company 6: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 30Company 7: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Frequently Asked Questions

What is the size of Hybrid Electric Vehicles Market?

The market for Hybrid Electric Vehicles is expected to reach US$ 6.56 Bn in 2028.

What is the Hybrid Electric Vehicles Market CAGR?

The Hybrid Electric Vehicles market is expected to see significant CAGR growth over the coming years, at 15.0%.

What is the Forecast period considered for Hybrid Electric Vehicles Market?

The report is forecasted from 2019-2027.

What is the base year considered for Hybrid Electric Vehicles Market?

The base year of this report is 2021.

Who are the major players in this market?

Capgemini S.A., EMC Corporation, Hitachi, Ltd., Hewlett-Packard, IBM Corporation, Newgen Software, Inc., Cisco Systems, Inc., SAP SE, SAS Institute, Tata Consultancy Services Ltd. are some of the major players in the global market.

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