NEW YORK , May 17, 2022 /PRNewswire/ -- The "Hybrid Vehicle Market by Vehicle Type and Geography - Forecast and Analysis 2022-2026" has been added to Technavio's latest offering. According to the report, the market will observe an incremental growth of USD 722.82 billion between 2021 and 2026, expanding at a CAGR of 26.37% during the forecast period. The report provides a detailed analysis of the vendor landscape, growth opportunities across business segments, and market growth across regions.

Download Sample Report Now for highlights on market size, YOY growth rates, and other important statistics.

Segmentation Highlights

Hybrid Vehicle Market Vehicle Type Outlook (Revenue, USD Billion, 2021-2026)

• Passenger cars - size and forecast 2021-2026
• Light commercial vehicles - size and forecast 2021-2026
• Heavy commercial vehicles - size and forecast 2021-2026

The passenger cars segment accounts for a majority of the share in the global hybrid vehicle market. This can be attributed to the dominance of passenger cars in the automotive industry. Also, the other major factor driving the growth of the segment is the implementation of stringent emission and fuel economy norms and government incentives which is encouraging the purchase and adoption of hybrid vehicles.

Hybrid Vehicle Market Geography Outlook (Revenue, USD Billion, 2021-2026)

• APAC - size and forecast 2021-2026
• North America - size and forecast 2021-2026
• Europe - size and forecast 2021-2026
• The Middle East and Africa - size and forecast 2021-2026
• South America - size and forecast 2021-2026

APAC will be leading the growth of the hybrid vehicles market, occupying 42% of the global market share. The rising disposable incomes and an increase in the number of affluent younger millennials are creating significant growth opportunities for market players. In addition, the rising concerns over climate change coupled with increasing environmental consciousness among consumers are creating a huge market for hybrid vehicles in the region.

Vendor Landscape

The global hybrid vehicles market is concentrated. The market is subject to rapidly changing consumer demands and preferences. The changing consumer preference pattern may affect vendor performance in the market. Vendors are competing based on several factors such as quality, price, service, brand image, distribution, and marketing. Major vendors are focusing on acquiring other small brands to increase their market presence.

The report identifies the following as the dominant players in the market.

• Bayerische Motoren Werke AG
• BYD Co. Ltd.
• Ford Motor Co.
• Honda Motor Co. Ltd.
• Hyundai Motor Co.
• Mercedes Benz Group AG
• Mitsubishi Motors Corp.
• Nissan Motor Co. Ltd.
• Renault sas
• Stellantis NV
• Suzuki Motor Corp.
• Toyota Motor Corp.
• Volkswagen AG
• Volvo Car Corp.

For more highlights on the vendor landscape and other important segments, Download a Sample Report.

Key Growth Driver

The market growth is driven by the presence of stringent regulations on emissions. The increasing concerns over environmental pollution have forced governments across the world to introduce stricter regulations on emissions. Governments in the Gulf region, especially in Israel, Oman, Saudi Arabia, and the UAE have launched the electric and hybrid modes of transport. For instance, Dubai's Roads and Transport Authority announced that it had converted half of the emirate's cabs to hybrid vehicles by 2021. Similarly, the US Department of Transportation has set the Corporate Average Fuel Economy (CAFE) standards for vehicles. Many such stringent emission norms across the world are expected to have a positive impact on the growth of the global hybrid vehicles market during the forecast period.

Read Our Sample Report to identify other factors impacting the growth of the market.

Related Reports:

Hybrid Car Market by Type and Geography - Forecast and Analysis 2022-2026

Electric Vehicle (EV) Motor Market by Power Rating and Geography - Forecast and Analysis 2021-2025

Table of Contents:

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 Geography
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
  • Exhibit 06: Executive Summary – Chart on Incremental Growth
  • Exhibit 07: Executive Summary – Data Table on Incremental Growth
  • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• • Exhibit 09: Parent market
  • Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• • Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• • Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
  • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Vehicle Type

• 5.1 Market segments
• • Exhibit 24: Chart on Vehicle Type - Market share 2021-2026 (%)
  • Exhibit 25: Data Table on Vehicle Type - Market share 2021-2026 (%)

• 5.2 Comparison by Vehicle Type
• • Exhibit 26: Chart on Comparison by Vehicle Type
  • Exhibit 27: Data Table on Comparison by Vehicle Type

• 5.3 Passenger cars - Market size and forecast 2021-2026
• • Exhibit 28: Chart on Passenger cars - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 29: Data Table on Passenger cars - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 30: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
  • Exhibit 31: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)

• 5.4 Light commercial vehicles - Market size and forecast 2021-2026
• • Exhibit 32: Chart on Light commercial vehicles - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 33: Data Table on Light commercial vehicles - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 34: Chart on Light commercial vehicles - Year-over-year growth 2021-2026 (%)
  • Exhibit 35: Data Table on Light commercial vehicles - Year-over-year growth 2021-2026 (%)

• 5.5 Heavy commercial vehicles - Market size and forecast 2021-2026
• • Exhibit 36: Chart on Heavy commercial vehicles - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 37: Data Table on Heavy commercial vehicles - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 38: Chart on Heavy commercial vehicles - Year-over-year growth 2021-2026 (%)
  • Exhibit 39: Data Table on Heavy commercial vehicles - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Vehicle Type
• • Exhibit 40: Market opportunity by Vehicle Type ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview
• • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
  • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• • Exhibit 44: Chart on Geographic comparison
  • Exhibit 45: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
  • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
  • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
  • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026
• • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
  • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
  • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Japan - Market size and forecast 2021-2026
• • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
  • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026
• • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
  • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
  • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 South Korea - Market size and forecast 2021-2026
• • Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)
  • Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• • Exhibit 86: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• • Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• • Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• • Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors
• • Exhibit 92: Matrix on vendor position and classification

• 10.3 Bayerische Motoren Werke AG
• • Exhibit 93: Bayerische Motoren Werke AG - Overview
  • Exhibit 94: Bayerische Motoren Werke AG - Business segments
  • Exhibit 95: Bayerische Motoren Werke AG - Key news
  • Exhibit 96: Bayerische Motoren Werke AG - Key offerings
  • Exhibit 97: Bayerische Motoren Werke AG - Segment focus

• 10.4 Ford Motor Co.
• • Exhibit 98: Ford Motor Co. - Overview
  • Exhibit 99: Ford Motor Co. - Business segments
  • Exhibit 100: Ford Motor Co. - Key news
  • Exhibit 101: Ford Motor Co. - Key offerings
  • Exhibit 102: Ford Motor Co. - Segment focus

• 10.5 Honda Motor Co. Ltd.
• • Exhibit 103: Honda Motor Co. Ltd. - Overview
  • Exhibit 104: Honda Motor Co. Ltd. - Business segments
  • Exhibit 105: Honda Motor Co. Ltd. - Key news
  • Exhibit 106: Honda Motor Co. Ltd. - Key offerings
  • Exhibit 107: Honda Motor Co. Ltd. - Segment focus

• 10.6 Hyundai Motor Co.
• • Exhibit 108: Hyundai Motor Co. - Overview
  • Exhibit 109: Hyundai Motor Co. - Business segments
  • Exhibit 110: Hyundai Motor Co. - Key news
  • Exhibit 111: Hyundai Motor Co. - Key offerings
  • Exhibit 112: Hyundai Motor Co. - Segment focus

• 10.7 Mercedes Benz Group AG
• • Exhibit 113: Mercedes Benz Group AG - Overview
  • Exhibit 114: Mercedes Benz Group AG - Business segments
  • Exhibit 115: Mercedes Benz Group AG - Key offerings
  • Exhibit 116: Mercedes Benz Group AG - Segment focus

• 10.8 Mitsubishi Motors Corp.
• • Exhibit 117: Mitsubishi Motors Corp. - Overview
  • Exhibit 118: Mitsubishi Motors Corp. - Business segments
  • Exhibit 119: Mitsubishi Motors Corp. - Key offerings
  • Exhibit 120: Mitsubishi Motors Corp. - Segment focus

• 10.9 Nissan Motor Co. Ltd.
• • Exhibit 121: Nissan Motor Co. Ltd. - Overview
  • Exhibit 122: Nissan Motor Co. Ltd. - Business segments
  • Exhibit 123: Nissan Motor Co. Ltd. - Key news
  • Exhibit 124: Nissan Motor Co. Ltd. - Key offerings
  • Exhibit 125: Nissan Motor Co. Ltd. - Segment focus

• 10.10 Toyota Motor Corp.
• • Exhibit 126: Toyota Motor Corp. - Overview
  • Exhibit 127: Toyota Motor Corp. - Business segments
  • Exhibit 128: Toyota Motor Corp. - Key news
  • Exhibit 129: Toyota Motor Corp. - Key offerings
  • Exhibit 130: Toyota Motor Corp. - Segment focus

• 10.11 Volkswagen AG
• • Exhibit 131: Volkswagen AG - Overview
  • Exhibit 132: Volkswagen AG - Business segments
  • Exhibit 133: Volkswagen AG - Key offerings
  • Exhibit 134: Volkswagen AG - Segment focus

• 10.12 Volvo Car Corp.
• • Exhibit 135: Volvo Car Corp. - Overview
  • Exhibit 136: Volvo Car Corp. - Business segments
  • Exhibit 137: Volvo Car Corp. - Key offerings
  • Exhibit 138: Volvo Car Corp. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• • Exhibit 139: Inclusions checklist
  • Exhibit 140: Exclusions checklist

• 11.3 Currency conversion rates for US$
• • Exhibit 141: Currency conversion rates for US$

• 11.4 Research methodology
• • Exhibit 142: Research methodology
  • Exhibit 143: Validation techniques employed for market sizing
  • Exhibit 144: Information sources

• 11.5 List of abbreviations
• • Exhibit 145: List of abbreviations

About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/hybrid-vehicle-market-size-to-increase-by-usd-722-82-mn--evolving-opportunities-in-apac--technavio-301547891.html

SOURCE Technavio