Mild Hybrid Vehicles Market 2022-2028

Description

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Title:Global Mild Hybrid Vehicles Market Size, Share & Trends Analysis Report by Capacity (Less Than 48V, and 48V and Above), and by Vehicle Type (Passenger Vehicle, and Commercial Vehicle) Forecast 2022-2028.

The global mild hybrid vehicles market is anticipated to grow at a substantial CAGR of 8.9% during the forecast period. One of the core factors that is fueling the market is the better fuel efficiency of the hybrid vehicles with internal combustion engine (ICE) vehicles. Even though mild hybrid vehicles are not that much fuel-efficient as plug-in hybrid vehicles are, though these are slightly better than ICE vehicles. Plug-In vehicles can run battery as well as fuel which makes them much more efficient, but this system increases the vehicle price much higher while mild hybrid cost closer to the ICE variant of the same vehicle which has boosted the sales of the vehicle.

The global mild hybrid vehicles market is segmented based on capacity and vehicle type. Based on the capacity, the market is segmented into less than 48V, and 48V and above. Based on the vehicle type, the market is sub-segmented into passenger vehicles and commercial vehicles. Based on capacity, 48V and above capacity type mild hybrid vehicles are growing significantly in the market and are anticipated to grow even better in the upcoming years owing to the higher recuperate and more kinetic energy can be produced with higher voltage level. This is encouraging market players to launch their vehicles with 48V and above technology. For instance, in June 2020, Chevrolet launched five new Orlando variants with 48V mild-hybrid technology.

Geographically market is segmented into: North America, Europe, Asia Pacific, and the Rest of the World. Europe holds the second-largest market after the Asia Pacific owing to the presence of major market players such as Mercedes, BMW, Audi, and others. These market players have been actively participating in the market by launching new products and have been producing mild hybrid vehicles for years in the region. In October 2021, Mercedes launched GLE and GLE Coupe with diesel mild hybrid. With a four-cylinder diesel engine, it included a 48V electrical system.

The major companies serving the global mild hybrid vehicles market include Ford Motor Co., Hyundai Motor Co., Nissan, Suzuki Motor Corp., TOYOTA MOTOR CORP., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2021, Renault, a European automobile manufacturer, launched a new 1.3-liter turbo petrol engine that has advanced technology and is also equipped with 12V mild-hybrid technology. The engine was shared with Nissan for models such as Renault Duster and Nissan Kicks.

Research Methodology

The market study of the global mild hybrid vehicles market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Mild Hybrid Vehicles Market Research and Analysis by Capacity.
Global Mild Hybrid Vehicles Market Research and Analysis by Vehicle Type.

The Report Covers:

Comprehensive research methodology of the global mild hybrid vehicles market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global mild hybrid vehicles market.
Insights about market determinants that are stimulating the global mild hybrid vehicles market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026899

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Mild Hybrid Vehicles Market
Recovery Scenario of Global Mild Hybrid Vehicles Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Ford Motor Co.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Hyundai Motor Co.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Nissan
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Suzuki Motor Corp.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. TOYOTA MOTOR CORP.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Mild Hybrid Vehicles Market by Capacity
- 4.1.1. Less Than 48V
- 4.1.2. 48V and Above
4.2. Global Mild Hybrid Vehicles Market by Vehicle Type
- 4.2.1. Passenger Vehicle
- 4.2.2. Commercial Vehicle

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. AB Volvo
6.2. AUDI AG
6.3. BMW AG
6.4. FCA Italy S.p.A.
6.5. General Motors
6.6. Hyundai Motor Co.
6.7. Kia Corp.
6.8. Mercedes-Benz Group AG
6.9. Mitsubishi Electric Corp.
6.10. Volkswagen AG