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Plug-in Hybrid Electric Vehicles Market by Vehicle Type (Passenger Cars, Light Commercial Vehicles) by Technology (Series, Parallel, Series-Parallel)- Growth, Share, Opportunities & Competitive Analysis, 2015 – 2027

Summary
Table Of Content

Market Insights

The global Plug-in Hybrid Electric Vehicles market is expected to cross-market value of 4,263.00 Thousand Units in 2027 from 2068.38 Thousand Units in 2020. It is expected to grow at a CAGR of over 12.81% during the forecast period.

A PHEV comprises an electric motor, a rechargeable battery, and a gasoline engine. The IC Engine allows it to work after the battery has depleted. The vehicle’s ability to travel long distances is aided by the amalgamation of electric and internal combustion engine fuel. As a result, they emit less toxic greenhouse gases than conventional vehicles, which makes them more environmentally friendly. PHEVs are extremely common in a lot of countries, including the United States, Japan, Canada, China, the Netherlands, and others. Credence Research is offering holistic information and absolute accuracy in the report titled “Global Plug-in Hybrid Electric Vehicles Market.”

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.

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High Demand in Automotive Industry

PHEVs are widely used in the automotive industry. The demand for these vehicles has been rising as automakers’ specifications have become more stringent. For example, these adhesives are used to bind similar and dissimilar materials together and to replace conventional substrate materials with synthetic substrates. The demand for these vehicles is also increasing as people become more concerned about the environment. These adhesives are used to tie together similar and dissimilar materials and to substitute traditional substrate materials with synthetic substrates. As people become more concerned about the environment, this market is reaching high

North America to Dominate the global market.

On the geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research provides in-depth insight into prominent regions of the global market. North America dominated with over 48.12% share in 2020.

Global Market is led by Passenger Cars in terms of vehicle type.

Light Commercial Vehicles and Passenger Cars are the two Vehicle Types in the global market. These vehicles emit greenhouse gases less harmful than traditional vehicles, making them more environmentally friendly. PHEVs are primarily passenger cars but can also be used in heavy commercial vehicles, light commercial vehicles, and two-wheelers. The growth of the commercial electric segment has been aided by the growing adoption of electric buses, especially in China and India.

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Series continues to dominate the global market in terms of Technology

Series, Series-Parallel, and Parallel are three various technologies of this market. Parallel has dominated the market and will continue to do so in the future. Throughout the forecast period, sales of series hybrid and combined hybrid PHEVs will account for more than a quarter of the market’s revenue.\

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 Plug-in Hybrid Electric Vehicles Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Plug-in Hybrid Electric Vehicles Market Value, 2015-2027, (Thousand Units)
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.Vehicle Type
3.3.2.Technology
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 Plug-in 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 Plug-in Hybrid Electric Vehicles Market, by Country, 2015-2027 (Thousand Units)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Plug-in Hybrid Electric Vehicles Market, By Vehicle Type, 2015-2027 (Thousand Units)
6.2.1.Overview
6.2.2.Passenger Cars
6.2.3.Light Commercial Vehicles
6.3.North America Plug-in Hybrid Electric Vehicles Market, by Technology, 2015-2027 (Thousand Units)
6.3.1.Overview
6.3.2.Series
6.3.3.Parallel
6.3.4.Series-Parallel

7.Europe

7.1.Europe Plug-in Hybrid Electric Vehicles Market, by Country, 2015-2027 (Thousand Units)
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 Plug-in Hybrid Electric Vehicles Market, By Vehicle Type, 2015-2027 (Thousand Units)
7.2.1.Overview
7.2.2.Passenger Cars
7.2.3.Light Commercial Vehicles
7.3.Europe Plug-in Hybrid Electric Vehicles Market, by Technology, 2015-2027 (Thousand Units)
7.3.1.Overview
7.3.2.Series
7.3.3.Parallel
7.3.4.Series-Parallel

8.Asia Pacific

8.1.Asia Pacific Plug-in Hybrid Electric Vehicles Market, by Country, 2015-2027 (Thousand Units)
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 Plug-in Hybrid Electric Vehicles Market, By Vehicle Type, 2015-2027 (Thousand Units)
8.2.1.Overview
8.2.2.Passenger Cars
8.2.3.Light Commercial Vehicles
8.3.Asia Pacific Plug-in Hybrid Electric Vehicles Market, by Technology, 2015-2027 (Thousand Units)
8.3.1.Overview
8.3.2.Series
8.3.3.Parallel
8.3.4.Series-Parallel

9.Latin America

9.1.Latin America Plug-in Hybrid Electric Vehicles Market, by Country, 2015-2027 (Thousand Units)
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 Plug-in Hybrid Electric Vehicles Market, By Vehicle Type, 2015-2027 (Thousand Units)
9.2.1.Overview
9.2.2.Passenger Cars
9.2.3.Acrylic
9.3.Latin America Plug-in Hybrid Electric Vehicles Market, by Technology, 2015-2027 (Thousand Units)
9.3.1.Overview
9.3.2.Series
9.3.3.Parallel
9.3.4.Series-Parallel

10.Middle East

10.1.Middle East Plug-in Hybrid Electric Vehicles Market, by Country, 2015-2027 (Thousand Units)
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 Plug-in Hybrid Electric Vehicles Market, By Vehicle Type, 2015-2027 (Thousand Units)
10.2.1.Overview
10.2.2.Passenger Cars
10.2.3.Light Commercial Vehicles
10.3.Middle East Plug-in Hybrid Electric Vehicles Market, by Technology, 2015-2027 (Thousand Units)
10.3.1.Overview
10.3.2.Series
10.3.3.Parallel
10.3.4.Series-Parallel

11.Africa

11.1.Africa Plug-in Hybrid Electric Vehicles Market, by Country, 2015-2027 (Thousand Units)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Plug-in Hybrid Electric Vehicles Market, By Vehicle Type, 2015-2027 (Thousand Units)
11.2.1.Overview
11.2.2.Passenger Cars
11.2.3.Light Commercial Vehicles
11.3.Africa Plug-in Hybrid Electric Vehicles Market, by Technology, 2015-2027 (Thousand Units)
11.3.1.Overview
11.3.2.Series
11.3.3.Parallel
11.3.4.Series-Parallel

12.Global

12.1.Global Plug-in Hybrid Electric Vehicles Market, By Vehicle Type, 2015-2027 (Thousand Units)
12.1.1.Overview
12.1.2.Passenger Cars
12.1.3.Light Commercial Vehicles
12.2.Global Plug-in Hybrid Electric Vehicles Market, by Technology, 2015-2027 (Thousand Units)
12.2.1.Overview
12.2.2.Series
12.2.3.Parallel
12.2.4.Series-Parallel

13.Company Profiles

13.1.Daimler AG
13.2.General Motors Corporation
13.3.Toyota Motor Corporation
13.4.Mitsubishi Motors Corporation
13.5.BYD Auto Co. Ltd
13.6.Volkswagen AG
13.7.BMW AG
13.8.Honda Motor Co. Ltd
13.9.Hyundai Motor Company
13.10.Apple Automotive

List of Figures

FIG. 1 Global Plug-in Hybrid Electric Vehicles Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Plug-in Hybrid Electric Vehicles Market Segmentation

FIG. 4 Global Plug-in Hybrid Electric Vehicles Market, by Product, 2019 (Thousand Units)

FIG. 5 Global Plug-in Hybrid Electric Vehicles Market, by End-user, 2019 (Thousand Units)

FIG. 6 Global Plug-in Hybrid Electric Vehicles Market, by Geography, 2019 (Thousand Units)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Plug-in Hybrid Electric Vehicles Market Manufacturers, 2019

FIG. 9 Global Plug-in Hybrid Electric Vehicles Market Value Contribution, By Type of Metal Extracted, 2019 & 2027 (Value %)

FIG. 10 Global Plug-in Hybrid Electric Vehicles Market, by Metal 1, Value, 2015-2027 (Thousand Units)

FIG. 11 Global Plug-in Hybrid Electric Vehicles Market, by Metal 2, Value, 2015-2027 (Thousand Units)

FIG. 12 Global Plug-in Hybrid Electric Vehicles Market, by Metal 3, Value, 2015-2027 (Thousand Units)

FIG. 13 Global Plug-in Hybrid Electric Vehicles Market, by Metal 4, Value, 2015-2027 (Thousand Units)

FIG. 14 Global Plug-in Hybrid Electric Vehicles Market, by Metal 5, Value, 2015-2027 (Thousand Units)

FIG. 15 Global Plug-in Hybrid Electric Vehicles Market, by Others, Value, 2015-2027 (Thousand Units)

FIG. 16 Global Plug-in Hybrid Electric Vehicles Market Value Contribution, By Vehicle Type, 2019 & 2027 (Value %)

FIG. 17 Global Plug-in Hybrid Electric Vehicles Market, by Process 1, Value, 2015-2027 (Thousand Units)

FIG. 18 Global Plug-in Hybrid Electric Vehicles Market, by Process 2, Value, 2015-2027 (Thousand Units)

FIG. 19 Global Plug-in Hybrid Electric Vehicles Market, by Process 3, Value, 2015-2027 (Thousand Units)

FIG. 20 U.S. Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

FIG. 21 Rest of North America Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

FIG. 22 U.K. Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

FIG. 23 Germany Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

FIG. 24 France Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

FIG. 25 Rest of Europe Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

FIG. 26 Japan Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

FIG. 27 China Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

FIG. 28 India Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

FIG. 29 Rest of Asia Pacific Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

FIG. 30 Middle East & Africa Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

Latin America Plug-in Hybrid Electric Vehicles Market, 2015-2027 (Thousand Units)

List of Tables

TABLE 1 Market Snapshot: Global Plug-in Hybrid Electric Vehicles Market

TABLE 2 Global Plug-in Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (Thousand Units)

TABLE 3 Global Plug-in Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (Thousand Units)

TABLE 4 Global Plug-in Hybrid Electric Vehicles Market, by Technology, 2015-2027 (Thousand Units)

TABLE 5 Global Plug-in Hybrid Electric Vehicles Market, by Geography, 2015-2027 (Thousand Units)

TABLE 6 North America Plug-in Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (Thousand Units)

TABLE 7 North America Plug-in Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (Thousand Units)

TABLE 8 North America Plug-in Hybrid Electric Vehicles Market, by Country, 2015-2027 (Thousand Units)

TABLE 9 Europe Plug-in Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (Thousand Units)

TABLE 10 Europe Plug-in Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (Thousand Units)

TABLE 11 Europe Plug-in Hybrid Electric Vehicles Market, by Country/Region, 2015-2027 (Thousand Units)

TABLE 12 Asia Pacific Plug-in Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (Thousand Units)

TABLE 13 Asia Pacific Plug-in Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (Thousand Units)

TABLE 14 Asia Pacific Plug-in Hybrid Electric Vehicles Market, by Country/Region, 2015-2027 (Thousand Units)

TABLE 15 Latin America Plug-in Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (Thousand Units)

TABLE 16 Latin America Plug-in Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (Thousand Units)

TABLE 17 Latin America Plug-in Hybrid Electric Vehicles Market, by Country/Region, 2015-2027 (Thousand Units)

TABLE 18 Middle East Plug-in Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (Thousand Units)

TABLE 19 Middle East Plug-in Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (Thousand Units)

TABLE 20 Middle East Plug-in Hybrid Electric Vehicles Market, by Country/Region, 2015-2027 (Thousand Units)

TABLE 21 Africa Plug-in Hybrid Electric Vehicles Market, by Type of Metal Extracted, 2015-2027 (Thousand Units)

TABLE 22 Africa Plug-in Hybrid Electric Vehicles Market, by Vehicle Type, 2015-2027 (Thousand Units)

TABLE 23 Africa Plug-in Hybrid Electric Vehicles Market, by Country/Region, 2015-2027 (Thousand Units)

TABLE 24 Company 01: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 25 Company 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 27 Company 4.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 28 Company 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 30 Company 7: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 34 Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 35 Company 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 Plug-in Hybrid Electric Vehicles Market?

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

What is the Plug-in Hybrid Electric Vehicles Market CAGR?

The Plug-in 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 Plug-in Hybrid Electric Vehicles Market?

The report is forecasted from 2019-2027.

What is the base year considered for Plug-in 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.

About Author

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

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Reviewed By
Gunakesh Parmar

Research Consultant

With over 15 years of dedicated experience in market research since 2009, specializes in delivering actionable insights from data.

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