The hybrid electric vehicle market would grow at a CAGR of 20.86% over the predicted time frame. The market is expected to increase in value from US$ 68.61 Bn in 2022 to US$ 310.94 Bn in 2030.
Key Takeaways:
- Gasoline hybrid vehicles projected to surpass a value of over US$ 124 million by 2030
- Stored electricity HEVs is growing at a CAGR of 5.4% from 2022 to 2030
- U.S hybrid electric vehicle is expected to grow at a CAGR of 7.5% through 2030
- Asia Pacific region had garnered revenue share of around 41.50% in 2021
- In 2021, the European region accounted 19.20% revenue share
The on hybrid electric vehicle Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.
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Report Scope of the Hybrid Electric Vehicle Market
| Report Coverage | Details |
| Market Size by 2030 | USD 310.94 Billion |
| Market Size in 2022 | USD 68.31 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 20.86% |
| Asia Pacific Market Share in 2021 | 41.50% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Type, Application, Power Source, Powertrain, Vehicle, Geography |
A recent report provides crucial insights along with application based and forecast information in the Global Hybrid electric vehicle Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Hybrid electric vehicle market.
A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.
Companies and Manufacturers Covered
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Hybrid electric vehicle market are included as given below:
Hybrid electric vehicle Market Key Players
- ZF
- Delphi
- BorgWarner
- Continenta
- Schaeffler
- Ford
- Toyota
- Continental
- Volvo
- Honda
- Hyundai
- Daimler
- Nissan
Market Segments
By Type
- Full Hybrids
- Mild Hybrids
- Plug-in Hybrids
- Others
By Application
- Battery
- Electric Motor
- Transmission
By Power Source
- Stored Electricity HEVs
- On-Board Electric Generator HEVs
By Powertrain
- Series Hybrid Electric Vehicles
- Parallel Hybrid Electric Vehicles
- Combined Hybrid Electric Vehicles
By Vehicle
- Hybrid Electric Passenger Cars
- Commercial Hybrid Electric Vehicles
- Hybrid Electric Two Wheelers
- Other HEVs (Golf Cart, etc.)
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Report Objectives
- To define, describe, and forecast the global hybrid electric vehicle market based on product, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
- To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the hybrid electric vehicle market
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Hybrid Electric Vehicle Market
5.1. COVID-19 Landscape: Hybrid Electric Vehicle Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Hybrid Electric Vehicle Market, By Type
8.1. Hybrid Electric Vehicle Market, by Type, 2022-2030
8.1.1. Full Hybrids
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Mild Hybrids
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Plug-in Hybrids
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Hybrid Electric Vehicle Market, By Application
9.1. Hybrid Electric Vehicle Market, by Application, 2022-2030
9.1.1. Battery
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Electric Motor
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Transmission
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Hybrid Electric Vehicle Market, By Power Source
10.1. Hybrid Electric Vehicle Market, by Power Source, 2022-2030
10.1.1. Stored Electricity HEVs
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. On-Board Electric Generator HEVs
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Hybrid Electric Vehicle Market, By Powertrain
11.1. Hybrid Electric Vehicle Market, by Powertrain, 2022-2030
11.1.1. Series Hybrid Electric Vehicles
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Parallel Hybrid Electric Vehicles
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Combined Hybrid Electric Vehicles
11.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Hybrid Electric Vehicle Market, By Vehicle
12.1. Hybrid Electric Vehicle Market, by Vehicle, 2022-2030
12.1.1. Hybrid Electric Passenger Cars
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Commercial Hybrid Electric Vehicles
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Hybrid Electric Two Wheelers
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Other HEVs (Golf Cart, etc.)
12.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Hybrid Electric Vehicle Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.2. Market Revenue and Forecast, by Application (2017-2030)
13.1.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.1.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.1.5. Market Revenue and Forecast, by Vehicle (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.1.7. Market Revenue and Forecast, by Vehicle (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Vehicle (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.2.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.2.5. Market Revenue and Forecast, by Vehicle (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.2.7. Market Revenue and Forecast, by Powertrain (2017-2030)
13.2.8. Market Revenue and Forecast, by Vehicle (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.2.10. Market Revenue and Forecast, by Powertrain (2017-2030)
13.2.11. Market Revenue and Forecast, by Vehicle (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.2.13. Market Revenue and Forecast, by Vehicle (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.2.15. Market Revenue and Forecast, by Vehicle (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.3.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.3.5. Market Revenue and Forecast, by Vehicle (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.3.7. Market Revenue and Forecast, by Vehicle (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.3.9. Market Revenue and Forecast, by Vehicle (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Vehicle (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Vehicle (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.4.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.4.5. Market Revenue and Forecast, by Vehicle (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.4.7. Market Revenue and Forecast, by Vehicle (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.4.9. Market Revenue and Forecast, by Vehicle (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Vehicle (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Vehicle (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.2. Market Revenue and Forecast, by Application (2017-2030)
13.5.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.5.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.5.5. Market Revenue and Forecast, by Vehicle (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.5.7. Market Revenue and Forecast, by Vehicle (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Power Source (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Powertrain (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Vehicle (2017-2030)
Chapter 14. Company Profiles
14.1. ZF
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Delphi
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. BorgWarner
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Continenta
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Schaeffler
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Ford
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Toyota
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Continental
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Volvo
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Honda
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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