Market Overview:
The global hybrid commercial vehicle market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fuel-efficient and low-emission vehicles across the globe. Additionally, government regulations mandating the use of hybrid commercial vehicles are also contributing to the growth of this market. The light commercial vehicle segment is expected to account for a major share of the global hybrid commercial vehicle market during the forecast period. This can be attributed to their growing popularity among fleet operators owing to their superior fuel efficiency and lower emissions as compared with traditional gasoline or diesel engines. The offline retail segment is expected to account for a major share of the global hybrid commercial vehicle market duringthe forecast period, followed by online retail.
Product Definition:
A hybrid commercial vehicle is a type of motor vehicle that combines two or more sources of power to propel the vehicle. The most common type of hybrid commercial vehicle is one that uses a gasoline engine and an electric motor. However, other types of hybrid commercial vehicles include those that use diesel and electric motors, as well as natural gas and electric motors.
The benefits of using a hybrid commercial vehicle are many. For example, hybrids typically emit lower levels of emissions than traditional combustion engine vehicles. In addition, they can be more fuel-efficient, which can save businesses money on fuel costs over time. Additionally, hybrids often have longer lifespans than traditional combustion engine vehicles, meaning businesses may need to spend less on maintenance and repairs over the years.
Light Commercial Vehicles:
Light commercial vehicles are passenger cars and light trucks used for transporting goods and passengers. They have lower freight capacity than heavy trucks but higher seating capacity, which makes them more lucrative to own as a hybrid vehicle. The global light commercial vehicles market was valued at USD 1,30,867 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period owing to increasing demand from logistics sector.
Heavy Commercial Vehicles:
Heavy commercial vehicles (HCV) are designed primarily for the transportation of goods. They have high load carrying capacity and are used to transport heavy loads over long distances. HCVs include trucks, buses, tankers, tractors and others. Trucks form a major part of the heavy commercial vehicle market as they account for more than half of the overall share in terms of volume across all segments globally.
Application Insights:
The global commercial vehicle market is segmented by application into online and offline retail. The online retail segment dominated the overall industry in 2017, accounting for over 60% of the overall revenue share. This can be attributed to growing e-commerce business activities across the globe coupled with rising consumer preference for shopping from home using various electronic devices such as computers, tablets and smartphones.
Offline retailers are expected to witness significant growth over the forecast period owing to increasing penetration of brick-and-mortar stores across developing countries such as India, Indonesia and China due to increased purchasing power among consumers there. In addition, factors such as favorable government policies promoting physical retail outlets are also likely to contribute toward higher demand for commercial vehicles used by these companies for deliveries at their doorsteps or within a radius vicinity of 100 miles from their store locations globally over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing disposable income, rising urbanization, and changing consumer preferences toward utility vehicles. Moreover, supportive government initiatives for developing infrastructure in countries such as India and China are anticipated to fuel industry growth over the next eight years.
The Asia Pacific region accounted for a share of more than 50% of global heavy commercial vehicle production in 2017 owing to high demand from industries including construction, mining, and oil & gas. Furthermore, growing investments by OEMs in R&D activities will boost product penetration across emerging economies thereby supporting overall industry growth during the forecast period.
Europe was estimated at USD X billion in 2017 owing to stringent regulations regarding vehicular emissions coupled with increasing demand for hybrid commercial vehicles on account of their superior performance compared with other conventional counterparts under WLTP conditions along with improving safety features such as airbags.
Growth Factors:
- Increasing demand for commercial vehicles owing to the growth of e-commerce and logistics sector.
- Proliferation of hybrid technology in commercial vehicles, which improves fuel efficiency and reduces emissions.
- Stringent emission norms by regulatory authorities across the globe are prompting OEMs to develop more fuel-efficient hybrids Commercial Vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Commercial Vehicle Market Research Report
By Type
Light Commercial Vehicles, Heavy Commercial Vehicles
By Application
Online Retail, Offline Retail
By Companies
Daimler, HinO, PACCAR, Volvo, Daimler
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid Commercial Vehicle Market Report Segments:
The global Hybrid Commercial Vehicle market is segmented on the basis of:
Types
Light Commercial Vehicles, Heavy Commercial Vehicles
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Retail, Offline Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daimler
- HinO
- PACCAR
- Volvo
- Daimler
Highlights of The Hybrid Commercial Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- By Application:
- Online Retail
- Offline Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hybrid Commercial Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hybrid commercial vehicle is a vehicle that uses both gasoline and electric power to move people or goods. Hybrids are becoming more popular because they reduce emissions, save money on fuel, and improve performance.
Some of the key players operating in the hybrid commercial vehicle market are Daimler, HinO, PACCAR, Volvo, Daimler.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hybrid Commercial Vehicle Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hybrid Commercial Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hybrid Commercial Vehicle Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hybrid Commercial Vehicle Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hybrid Commercial Vehicle Market Size & Forecast, 2018-2028
4.5.1 Hybrid Commercial Vehicle Market Size and Y-o-Y Growth
4.5.2 Hybrid Commercial Vehicle Market Absolute $ Opportunity
Chapter 5 Global Hybrid Commercial Vehicle Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hybrid Commercial Vehicle Market Size Forecast by Type
5.2.1 Light Commercial Vehicles
5.2.2 Heavy Commercial Vehicles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hybrid Commercial Vehicle Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hybrid Commercial Vehicle Market Size Forecast by Applications
6.2.1 Online Retail
6.2.2 Offline Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hybrid Commercial Vehicle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hybrid Commercial Vehicle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hybrid Commercial Vehicle Analysis and Forecast
9.1 Introduction
9.2 North America Hybrid Commercial Vehicle Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hybrid Commercial Vehicle Market Size Forecast by Type
9.6.1 Light Commercial Vehicles
9.6.2 Heavy Commercial Vehicles
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hybrid Commercial Vehicle Market Size Forecast by Applications
9.10.1 Online Retail
9.10.2 Offline Retail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hybrid Commercial Vehicle Analysis and Forecast
10.1 Introduction
10.2 Europe Hybrid Commercial Vehicle Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hybrid Commercial Vehicle Market Size Forecast by Type
10.6.1 Light Commercial Vehicles
10.6.2 Heavy Commercial Vehicles
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hybrid Commercial Vehicle Market Size Forecast by Applications
10.10.1 Online Retail
10.10.2 Offline Retail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hybrid Commercial Vehicle Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hybrid Commercial Vehicle Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hybrid Commercial Vehicle Market Size Forecast by Type
11.6.1 Light Commercial Vehicles
11.6.2 Heavy Commercial Vehicles
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hybrid Commercial Vehicle Market Size Forecast by Applications
11.10.1 Online Retail
11.10.2 Offline Retail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hybrid Commercial Vehicle Analysis and Forecast
12.1 Introduction
12.2 Latin America Hybrid Commercial Vehicle Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hybrid Commercial Vehicle Market Size Forecast by Type
12.6.1 Light Commercial Vehicles
12.6.2 Heavy Commercial Vehicles
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hybrid Commercial Vehicle Market Size Forecast by Applications
12.10.1 Online Retail
12.10.2 Offline Retail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hybrid Commercial Vehicle Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hybrid Commercial Vehicle Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hybrid Commercial Vehicle Market Size Forecast by Type
13.6.1 Light Commercial Vehicles
13.6.2 Heavy Commercial Vehicles
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hybrid Commercial Vehicle Market Size Forecast by Applications
13.10.1 Online Retail
13.10.2 Offline Retail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hybrid Commercial Vehicle Market: Competitive Dashboard
14.2 Global Hybrid Commercial Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daimler
14.3.2 HinO
14.3.3 PACCAR
14.3.4 Volvo
14.3.5 Daimler
