Market Research Report
Components of Hybrid Electric Vehicles
|Published by||BCC Research||Product code||688149|
|Published||Content info||139 Pages
Delivery time: 1-2 business days
|Components of Hybrid Electric Vehicles|
|Published: August 28, 2018||Content info: 139 Pages||
The global market for components of Hybrid Electric Vehicles (HEVs) should grow from $72.6 billion in 2018 to reach $150.6 billion by 2023 at a compound annual growth rate (CAGR) of 15.7% for the period of 2018-2023.
The global market for batteries, ultracapacitors, ECU's as a segment of HEVs should grow from $21.9 billion in 2018 to reach $43.0 billion by 2023 at a CAGR of 14.5% for the period of 2018-2023.
The global market for engine, CVT, EPS, braking as a segment of HEVs should grow from $12.2 billion in 2018 to reach $25.9 billion by 2023 at a CAGR of 16.3% for the period of 2018-2023.
Hybrid electric vehicles have become one of the most promising new markets for OEM's. An increasing number of functions that traditionally were performed by mechanical or electrical systems are now handled by electronics. Automobiles are experiencing a technological revolution. Global warming, climate change and air quality issues have combined with the dramatic fluctuation of oil prices to deliver an imperative for motor vehicle manufacturers to introduce radically more fuel-efficient vehicles to the market.
Toyota, Honda, Ford, Chevrolet, BMW, Volvo and BYD, among others, are leading the world in car innovations including the design of highly sophisticated hybrid electric vehicles.
Market data contained in this report quantifies opportunities for manufacturers of hybrid electric vehicle components. In addition to identification of mechanical and electrical component types, it also covers the many issues concerning the merits of and prospects for the hybrid electric vehicle business. This includes corporate strategies, emerging technologies and the means for providing low cost, high technology products. Also covered in detail are the economic and technological issues regarded by many as critical to the industry's current state of change. The report reviews the components industry related to hybrid electric vehicles and its structure and many companies involved in providing these products. Competitive positions of the major players in the market and the strategic options they face are also discussed in the report.
Values presented in the forecasted tables represent the values of components as purchased from the suppliers by OEM's companies, excluding the cost of marketing, assembling and distribution. In this report, the term "revenue" is equivalent to and is used interchangeably with purchase, demand and sales.