Global Hybrid Electric Vehicle Market 2023-2027

Description

List of Tables

Technavio has been monitoring the hybrid electric vehicle market and it is poised to grow by 17098.51 th units during 2023-2027, accelerating at a CAGR of 30.88% during the forecast period. Our report on the hybrid electric vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the push toward the adoption of green (eco-friendly) vehicles, stringent regulations on emissions and fuel efficiency, and charging infrastructures for PHEV.

Technavio's hybrid electric vehicle market is segmented as below:

By Propulsion

Full HEVs
Mild HEVs
PHEVs

By Vehicle Type

Passenger cars
Commercial vehicles

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the fuel cell HEVs: hydrogen as an upcoming alternative fuel as one of the prime reasons driving the hybrid electric vehicle market growth during the next few years. Also, high-density, high-power, and small-size li-ion batteries and international zero-emission vehicle (ZEV) alliance by countries will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the hybrid electric vehicle market covers the following areas:

Hybrid electric vehicle market sizing
Hybrid electric vehicle market forecast
Hybrid electric vehicle market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid electric vehicle market vendors that include AB Volvo, Bayerische Motoren Werke AG, BYD Co. Ltd., Chongqing Changan Automobile Co. Ltd., Ford Motor Co., General Motors Co, Honda Motor Co. Ltd, Hyundai Motor Co, Li Auto Inc., Mercedes Benz Group AG, Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Suzuki Motor Corp., Tata Sons Pvt. Ltd., Toyota Motor Corp., Volkswagen AG, and Zhejiang Geely Holding Group. Also, the hybrid electric vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR70959

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Propulsion
Exhibit 06: Executive Summary - Chart on Market Segmentation by Vehicle Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand units)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand units)
Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global hybrid electric vehicle market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global hybrid electric vehicle market 2017 - 2021 (thousand units)
4.2 Propulsion Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Propulsion Segment 2017 - 2021 (thousand units)
4.3 Vehicle type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Vehicle type Segment 2017 - 2021 (thousand units)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 (thousand units)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 (thousand units)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Propulsion

6.1 Market segments
Exhibit 30: Chart on Propulsion - Market share 2022-2027 (%)
Exhibit 31: Data Table on Propulsion - Market share 2022-2027 (%)
6.2 Comparison by Propulsion
Exhibit 32: Chart on Comparison by Propulsion
Exhibit 33: Data Table on Comparison by Propulsion
6.3 Full HEVs - Market size and forecast 2022-2027
Exhibit 34: Chart on Full HEVs - Market size and forecast 2022-2027 (thousand units)
Exhibit 35: Data Table on Full HEVs - Market size and forecast 2022-2027 (thousand units)
Exhibit 36: Chart on Full HEVs - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Full HEVs - Year-over-year growth 2022-2027 (%)
6.4 Mild HEVs - Market size and forecast 2022-2027
Exhibit 38: Chart on Mild HEVs - Market size and forecast 2022-2027 (thousand units)
Exhibit 39: Data Table on Mild HEVs - Market size and forecast 2022-2027 (thousand units)
Exhibit 40: Chart on Mild HEVs - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Mild HEVs - Year-over-year growth 2022-2027 (%)
6.5 PHEVs - Market size and forecast 2022-2027
Exhibit 42: Chart on PHEVs - Market size and forecast 2022-2027 (thousand units)
Exhibit 43: Data Table on PHEVs - Market size and forecast 2022-2027 (thousand units)
Exhibit 44: Chart on PHEVs - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on PHEVs - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Propulsion
Exhibit 46: Market opportunity by Propulsion (thousand units)

7 Market Segmentation by Vehicle Type

7.1 Market segments
Exhibit 47: Chart on Vehicle Type - Market share 2022-2027 (%)
Exhibit 48: Data Table on Vehicle Type - Market share 2022-2027 (%)
7.2 Comparison by Vehicle Type
Exhibit 49: Chart on Comparison by Vehicle Type
Exhibit 50: Data Table on Comparison by Vehicle Type
7.3 Passenger cars - Market size and forecast 2022-2027
Exhibit 51: Chart on Passenger cars - Market size and forecast 2022-2027 (thousand units)
Exhibit 52: Data Table on Passenger cars - Market size and forecast 2022-2027 (thousand units)
Exhibit 53: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
7.4 Commercial vehicles - Market size and forecast 2022-2027
Exhibit 55: Chart on Commercial vehicles - Market size and forecast 2022-2027 (thousand units)
Exhibit 56: Data Table on Commercial vehicles - Market size and forecast 2022-2027 (thousand units)
Exhibit 57: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Vehicle Type
Exhibit 59: Market opportunity by Vehicle Type (thousand units)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 61: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 62: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 (thousand units)
Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 (thousand units)
Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 (thousand units)
Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 (thousand units)
Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 North America - Market size and forecast 2022-2027
Exhibit 73: Chart on North America - Market size and forecast 2022-2027 (thousand units)
Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 (thousand units)
Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 77: Chart on South America - Market size and forecast 2022-2027 (thousand units)
Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 (thousand units)
Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 85: Chart on China - Market size and forecast 2022-2027 (thousand units)
Exhibit 86: Data Table on China - Market size and forecast 2022-2027 (thousand units)
Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 US - Market size and forecast 2022-2027
Exhibit 89: Chart on US - Market size and forecast 2022-2027 (thousand units)
Exhibit 90: Data Table on US - Market size and forecast 2022-2027 (thousand units)
Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 (thousand units)
Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 (thousand units)
Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 France - Market size and forecast 2022-2027
Exhibit 97: Chart on France - Market size and forecast 2022-2027 (thousand units)
Exhibit 98: Data Table on France - Market size and forecast 2022-2027 (thousand units)
Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
9.12 UK - Market size and forecast 2022-2027
Exhibit 101: Chart on UK - Market size and forecast 2022-2027 (thousand units)
Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 (thousand units)
Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 105: Market opportunity By Geographical Landscape (thousand units)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 Bayerische Motoren Werke AG
Exhibit 112: Bayerische Motoren Werke AG - Overview
Exhibit 113: Bayerische Motoren Werke AG - Business segments
Exhibit 114: Bayerische Motoren Werke AG - Key news
Exhibit 115: Bayerische Motoren Werke AG - Key offerings
Exhibit 116: Bayerische Motoren Werke AG - Segment focus
12.4 BYD Co. Ltd.
Exhibit 117: BYD Co. Ltd. - Overview
Exhibit 118: BYD Co. Ltd. - Business segments
Exhibit 119: BYD Co. Ltd. - Key news
Exhibit 120: BYD Co. Ltd. - Key offerings
Exhibit 121: BYD Co. Ltd. - Segment focus
12.5 Chongqing Changan Automobile Co. Ltd.
Exhibit 122: Chongqing Changan Automobile Co. Ltd. - Overview
Exhibit 123: Chongqing Changan Automobile Co. Ltd. - Product / Service
Exhibit 124: Chongqing Changan Automobile Co. Ltd. - Key news
Exhibit 125: Chongqing Changan Automobile Co. Ltd. - Key offerings
12.6 Ford Motor Co.
Exhibit 126: Ford Motor Co. - Overview
Exhibit 127: Ford Motor Co. - Business segments
Exhibit 128: Ford Motor Co. - Key news
Exhibit 129: Ford Motor Co. - Key offerings
Exhibit 130: Ford Motor Co. - Segment focus
12.7 General Motors Co
Exhibit 131: General Motors Co - Overview
Exhibit 132: General Motors Co - Business segments
Exhibit 133: General Motors Co - Key news
Exhibit 134: General Motors Co - Key offerings
Exhibit 135: General Motors Co - Segment focus
12.8 Honda Motor Co. Ltd
Exhibit 136: Honda Motor Co. Ltd - Overview
Exhibit 137: Honda Motor Co. Ltd - Business segments
Exhibit 138: Honda Motor Co. Ltd - Key news
Exhibit 139: Honda Motor Co. Ltd - Key offerings
Exhibit 140: Honda Motor Co. Ltd - Segment focus
12.9 Hyundai Motor Co
Exhibit 141: Hyundai Motor Co - Overview
Exhibit 142: Hyundai Motor Co - Business segments
Exhibit 143: Hyundai Motor Co - Key news
Exhibit 144: Hyundai Motor Co - Key offerings
Exhibit 145: Hyundai Motor Co - Segment focus
12.10 Mercedes Benz Group AG
Exhibit 146: Mercedes Benz Group AG - Overview
Exhibit 147: Mercedes Benz Group AG - Business segments
Exhibit 148: Mercedes Benz Group AG - Key offerings
Exhibit 149: Mercedes Benz Group AG - Segment focus
12.11 Mitsubishi Motors Corp.
Exhibit 150: Mitsubishi Motors Corp. - Overview
Exhibit 151: Mitsubishi Motors Corp. - Business segments
Exhibit 152: Mitsubishi Motors Corp. - Key offerings
Exhibit 153: Mitsubishi Motors Corp. - Segment focus
12.12 Nissan Motor Co. Ltd.
Exhibit 154: Nissan Motor Co. Ltd. - Overview
Exhibit 155: Nissan Motor Co. Ltd. - Business segments
Exhibit 156: Nissan Motor Co. Ltd. - Key news
Exhibit 157: Nissan Motor Co. Ltd. - Key offerings
Exhibit 158: Nissan Motor Co. Ltd. - Segment focus
12.13 Renault SAS
Exhibit 159: Renault SAS - Overview
Exhibit 160: Renault SAS - Product / Service
Exhibit 161: Renault SAS - Key news
Exhibit 162: Renault SAS - Key offerings
12.14 SAIC Motor Corp. Ltd.
Exhibit 163: SAIC Motor Corp. Ltd. - Overview
Exhibit 164: SAIC Motor Corp. Ltd. - Business segments
Exhibit 165: SAIC Motor Corp. Ltd. - Key news
Exhibit 166: SAIC Motor Corp. Ltd. - Key offerings
Exhibit 167: SAIC Motor Corp. Ltd. - Segment focus
12.15 Toyota Motor Corp.
Exhibit 168: Toyota Motor Corp. - Overview
Exhibit 169: Toyota Motor Corp. - Business segments
Exhibit 170: Toyota Motor Corp. - Key news
Exhibit 171: Toyota Motor Corp. - Key offerings
Exhibit 172: Toyota Motor Corp. - Segment focus
12.16 Volkswagen AG
Exhibit 173: Volkswagen AG - Overview
Exhibit 174: Volkswagen AG - Business segments
Exhibit 175: Volkswagen AG - Key offerings
Exhibit 176: Volkswagen AG - Segment focus
12.17 Zhejiang Geely Holding Group
Exhibit 177: Zhejiang Geely Holding Group - Overview
Exhibit 178: Zhejiang Geely Holding Group - Product / Service
Exhibit 179: Zhejiang Geely Holding Group - Key news
Exhibit 180: Zhejiang Geely Holding Group - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 181: Inclusions checklist
Exhibit 182: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 183: Currency conversion rates for US$
13.4 Research methodology
Exhibit 184: Research methodology
Exhibit 185: Validation techniques employed for market sizing
Exhibit 186: Information sources
13.5 List of abbreviations
Exhibit 187: List of abbreviations