PUBLISHER: TechNavio | PRODUCT CODE: 1915434
PUBLISHER: TechNavio | PRODUCT CODE: 1915434
Global Hybrid Vehicle Market 2025-2029
The global hybrid vehicle market is forecasted to grow by USD 1440.2 bn during 2024-2029, accelerating at a CAGR of 35.0% during the forecast period. The report on the global hybrid 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent emission control, high popularity of luxury vehicles, incentives offered to enhance adoption rates of hevs.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 26.8% |
| CAGR | 35% |
| Incremental Value | $1440.2 bn |
Technavio's global hybrid vehicle market is segmented as below:
By Vehicle Type
- Passenger cars
- Light commercial vehicles
- Heavy commercial vehicles
By Component
- Battery
- Electric motor
- Transmission
- Others
By Powertrain Type
- Parallel hybrid
- Power-split hybrid
- Series hybrid
Geography
- APAC
- China
- Japan
- India
- South Korea
- Thailand
- Indonesia
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- Middle East and Africa
- UAE
- South Africa
- Egypt
- South America
- Brazil
- Argentina
- Chile
- Rest of World (ROW)
This study identifies the rising adoption of green vehicles as one of the prime reasons driving the global hybrid vehicle market growth during the next few years. Also, rising demand for lightweight vehicles and recent developments in hybrid vehicles will lead to sizable demand in the market.
The report on the global hybrid vehicle market covers the following areas:
- Global hybrid vehicle market sizing
- Global hybrid vehicle market forecast
- Global hybrid vehicle market industry analysis
The 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 global hybrid vehicle market vendors that include Bayerische Motoren Werke AG, BYD Co. Ltd., Chery Automobile Co. Ltd., Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., KIA CORP., Mazda Motor Corp., Mercedes Benz Group AG, Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Suzuki Motor Corp., Toyota Motor Corp., Volkswagen AG, Volvo Car Corp.. Also, the global hybrid 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 publisher 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 primary and secondary research. The 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.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by Powertrain Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- Market segments
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
5 Historic Market Size
- 5.1 Global Hybrid Vehicle Market 2019 - 2023
- Historic Market Size - Data Table on Global Hybrid Vehicle Market 2019 - 2023 ($ billion)
- 5.2 Vehicle Type segment analysis 2019 - 2023
- Historic Market Size - Vehicle Type Segment 2019 - 2023 ($ billion)
- 5.3 Component segment analysis 2019 - 2023
- Historic Market Size - Component Segment 2019 - 2023 ($ billion)
- 5.4 Powertrain Type segment analysis 2019 - 2023
- Historic Market Size - Powertrain Type Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 The AI impact on Global Hybrid Vehicle Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
8 Market Segmentation by Vehicle Type
- 8.1 Market segments
- 8.2 Comparison by Vehicle Type
- 8.3 Passenger cars - Market size and forecast 2024-2029
- 8.4 Light commercial vehicles - Market size and forecast 2024-2029
- 8.5 Heavy commercial vehicles - Market size and forecast 2024-2029
- 8.6 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ billion)
9 Market Segmentation by Component
- 9.1 Market segments
- 9.2 Comparison by Component
- 9.3 Battery - Market size and forecast 2024-2029
- 9.4 Electric motor - Market size and forecast 2024-2029
- 9.5 Transmission - Market size and forecast 2024-2029
- 9.6 Others - Market size and forecast 2024-2029
- 9.7 Market opportunity by Component
- Market opportunity by Component ($ billion)
10 Market Segmentation by Powertrain Type
- 10.1 Market segments
- 10.2 Comparison by Powertrain Type
- 10.3 Parallel hybrid - Market size and forecast 2024-2029
- 10.4 Power-split hybrid - Market size and forecast 2024-2029
- 10.5 Series hybrid - Market size and forecast 2024-2029
- 10.6 Market opportunity by Powertrain Type
- Market opportunity by Powertrain Type ($ billion)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- 12.3.1 China - Market size and forecast 2024-2029
- 12.3.2 Japan - Market size and forecast 2024-2029
- 12.3.3 India - Market size and forecast 2024-2029
- 12.3.4 South Korea - Market size and forecast 2024-2029
- 12.3.5 Thailand - Market size and forecast 2024-2029
- 12.3.6 Indonesia - Market size and forecast 2024-2029
- 12.4 North America - Market size and forecast 2024-2029
- 12.4.1 US - Market size and forecast 2024-2029
- 12.4.2 Canada - Market size and forecast 2024-2029
- 12.4.3 Mexico - Market size and forecast 2024-2029
- 12.5 Europe - Market size and forecast 2024-2029
- 12.5.1 Germany - Market size and forecast 2024-2029
- 12.5.2 UK - Market size and forecast 2024-2029
- 12.5.3 France - Market size and forecast 2024-2029
- 12.5.4 Italy - Market size and forecast 2024-2029
- 12.5.5 Spain - Market size and forecast 2024-2029
- 12.5.6 The Netherlands - Market size and forecast 2024-2029
- 12.6 Middle East and Africa - Market size and forecast 2024-2029
- 12.6.1 UAE - Market size and forecast 2024-2029
- 12.6.2 Saudi Arabia - Market size and forecast 2024-2029
- 12.6.3 South Africa - Market size and forecast 2024-2029
- 12.6.4 Egypt - Market size and forecast 2024-2029
- 12.6.5 Israel - Market size and forecast 2024-2029
- 12.7 South America - Market size and forecast 2024-2029
- 12.7.1 Brazil - Market size and forecast 2024-2029
- 12.7.2 Argentina - Market size and forecast 2024-2029
- 12.7.3 Chile - Market size and forecast 2024-2029
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Stringent emission control
- High popularity of luxury vehicles
- Incentives offered to enhance adoption rates of HEVs
- 13.2 Market challenges
- Rising demand for BEVs and FCEVs
- Less awareness of hybrid vehicles among consumers
- High costs of hybrid vehicles
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Rising adoption of green vehicles
- Rising demand for lightweight vehicles
- Recent developments in hybrid vehicles
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- Companies covered
- 15.2 Company ranking index
- Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Bayerische Motoren Werke AG
- Bayerische Motoren Werke AG - Overview
- Bayerische Motoren Werke AG - Business segments
- Bayerische Motoren Werke AG - Key offerings
- Bayerische Motoren Werke AG - Segment focus
- SWOT
- 15.5 Chery Automobile Co. Ltd.
- Chery Automobile Co. Ltd. - Overview
- Chery Automobile Co. Ltd. - Product / Service
- Chery Automobile Co. Ltd. - Key offerings
- SWOT
- 15.6 Ford Motor Co.
- Ford Motor Co. - Overview
- Ford Motor Co. - Business segments
- Ford Motor Co. - Key offerings
- Ford Motor Co. - Segment focus
- SWOT
- 15.7 General Motors Co.
- General Motors Co. - Overview
- General Motors Co. - Business segments
- General Motors Co. - Key news
- General Motors Co. - Key offerings
- General Motors Co. - Segment focus
- SWOT
- 15.8 Honda Motor Co. Ltd.
- Honda Motor Co. Ltd. - Overview
- Honda Motor Co. Ltd. - Business segments
- Honda Motor Co. Ltd. - Key news
- Honda Motor Co. Ltd. - Key offerings
- Honda Motor Co. Ltd. - Segment focus
- SWOT
- 15.9 Hyundai Motor Co.
- Hyundai Motor Co. - Overview
- Hyundai Motor Co. - Business segments
- Hyundai Motor Co. - Key news
- Hyundai Motor Co. - Key offerings
- Hyundai Motor Co. - Segment focus
- SWOT
- 15.10 KIA CORP.
- KIA CORP. - Overview
- KIA CORP. - Product / Service
- KIA CORP. - Key offerings
- SWOT
- 15.11 Mazda Motor Corp.
- Mazda Motor Corp. - Overview
- Mazda Motor Corp. - Business segments
- Mazda Motor Corp. - Key offerings
- Mazda Motor Corp. - Segment focus
- SWOT
- 15.12 Mercedes Benz Group AG
- Mercedes Benz Group AG - Overview
- Mercedes Benz Group AG - Product / Service
- Mercedes Benz Group AG - Key offerings
- SWOT
- 15.13 Mitsubishi Motors Corp.
- Mitsubishi Motors Corp. - Overview
- Mitsubishi Motors Corp. - Business segments
- Mitsubishi Motors Corp. - Key news
- Mitsubishi Motors Corp. - Key offerings
- Mitsubishi Motors Corp. - Segment focus
- SWOT
- 15.14 Nissan Motor Co. Ltd.
- Nissan Motor Co. Ltd. - Overview
- Nissan Motor Co. Ltd. - Business segments
- Nissan Motor Co. Ltd. - Key news
- Nissan Motor Co. Ltd. - Key offerings
- Nissan Motor Co. Ltd. - Segment focus
- SWOT
- 15.15 SAIC Motor Corp. Ltd.
- SAIC Motor Corp. Ltd. - Overview
- SAIC Motor Corp. Ltd. - Business segments
- SAIC Motor Corp. Ltd. - Key offerings
- SAIC Motor Corp. Ltd. - Segment focus
- SWOT
- 15.16 Toyota Motor Corp.
- Toyota Motor Corp. - Overview
- Toyota Motor Corp. - Business segments
- Toyota Motor Corp. - Key news
- Toyota Motor Corp. - Key offerings
- Toyota Motor Corp. - Segment focus
- SWOT
- 15.17 Volkswagen AG
- Volkswagen AG - Overview
- Volkswagen AG - Business segments
- Volkswagen AG - Key news
- Volkswagen AG - Key offerings
- Volkswagen AG - Segment focus
- SWOT
- 15.18 Volvo Car Corp.
- Volvo Car Corp. - Overview
- Volvo Car Corp. - Product / Service
- Volvo Car Corp. - Key offerings
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- Research methodology
- 16.5 Data procurement
- Information sources
- 16.6 Data validation
- Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
- List of abbreviations
