Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||913397|
|Published||Content info||147 Pages
Delivery time: 1-2 business days
|Published: October 1, 2019||Content info: 147 Pages||
Hybrid Vehicle market worldwide is projected to grow by 2.3 Million Units, driven by a compounded growth of 6.6%. Plug-in Hybrid EV (PHEVs), one of the segments analyzed and sized in this study, displays the potential to grow at over 7.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 1.8 Million Units by the year 2025, Plug-in Hybrid EV (PHEVs) will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 7.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over 104.6 Thousand Units to the region's size and clout in the next 5 to 6 years. Over 109.1 Thousand Units worth of projected demand in the region will come from Rest of Europe markets. In Japan, Plug-in Hybrid EV (PHEVs) will reach a market size of 178.6 Thousand Units by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.3% over the next couple of years and add approximately 398.1 Thousand Units in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, Allison Transmission, Inc.; American Axle & Manufacturing, Inc.; Avl List GmbH; Avtovaz; BorgWarner, Inc.; Continental AG; Cummins, Inc.; Daimler AG; Delphi Technologies; Denso Corporation; Eaton Corporation PLC; Ford Motor Company; General Motors Company; Honda Motor Co., Ltd.; Hyundai Motor Company; LG Chem; Magna International, Inc.; MAHLE GmbH; Mitsubishi Electric Corporation; Robert Bosch GmbH; Schaeffler AG; Toyota Motor Corporation; Volvo Car Canada Ltd.; ZF Friedrichshafen AG