Market Overview:
The global hybrid powertrain market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel-efficient and environment-friendly vehicles. Additionally, the stringent emission norms across different countries are also propelling the demand for hybrid powertrains in passenger cars and commercial vehicles. The global hybrid powertrain market is segmented on the basis of type, application, and region. On the basis of type, it is divided into engine, transmission, electric motor, and battery segments. The engine segment dominates the global hybrid powertrain market with a share of more than 60%. This can be attributed to rising demand for gasoline engines in passenger cars as well as commercial vehicles owing to their high efficiency and low emissions levels as compared to diesel engines.
Product Definition:
A hybrid powertrain is a system that combines two or more power sources to drive a vehicle. The most common type of hybrid powertrain uses a gasoline engine and an electric motor. The gasoline engine powers the car while the electric motor helps boost performance or saves fuel by providing extra power when needed. Other types of hybrids use different combinations of engines, motors, and batteries.
Engine:
The engine is the power source used to convert the energy derived from fuel into useful rotary motion. The engine forms an essential part of a vehicle’s powertrain and is responsible for propelling vehicles and powering accessories. In a hybrid electric vehicle (HEV), internal combustion engines are replaced by electric motors, which derive their power from batteries; thus, reducing fuel consumption and emissions in comparison to conventional ICEVs.
Transmission:
Transmission is the mechanism that controls movement of mechanical components in vehicles. It can be defined as a method to change speed of vehicle by converting energy from engine to drive shafts and back. There are two types of transmissions namely manual transmission and automatic transmission.
Application Insights:
Based on application, the global hybrid powertrain market has been segmented into passenger cars, light commercial vehicles (LCVs), heavy-duty LCVs and buses, and electric vehicles. The electric vehicle segment is further divided into plug-in hybrid vehicles and battery electric vehicles. Hybrids dominated the market in 2017 owing to their advantages over conventional gasoline engines as they offer improved fuel economy at the same time reducing emissions significantly. They also have a lower operational cost which makes them highly competitive against conventional gasoline engine based cars within a given price range.
The heavy-duty LCV & bus segment is expected to witness significant growth during the forecast period owing to rising demand for such types of vehicle from countries such as India who are developing rapidly with respect to industrialization along with China who being an important manufacturing hub for many foreign companies including Japan.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong demand from countries, such as Japan, China, South Korea and India. Increasing government initiatives to promote fuel-efficient vehicles in these countries is anticipated to boost industry growth. For instance, in April 2018, Toyota announced that it had reached an agreement with Chinese provincial authorities aimed at increasing sales of hybrid cars by 50 million units between 2015 and 2019.
North America was estimated as the second-largest regional market owing to high demand from U.S., which accounts for a major share of overall industry revenue due to early adoption of technology across various application sectors including marine power generation; heavy-duty commercial vehicles; medium & light commercial vehicles; rail traction motors etc.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for hybrid powertrain is expected to grow at a CAGR of over 15% from 2016 to 2024. This can be attributed to the increasing demand for fuel-efficient vehicles across the globe.
- Stringent emission norms: Stringent emission norms are encouraging OEMs to adopt hybrid powertrain technology in order to reduce emissions from their vehicles. For instance, the European Union has set stringent CO2 emission standards which will come into effect from 2021. This is expected to drive the growth of the hybrid powertrain market in Europe during the forecast period.
- Government initiatives and subsidies: Governments across different countries are providing subsidies and incentives for purchasing hybrids cars in order to promote their adoption and reduce emissions levels significantly. For instance, China offers a subsidy of up ,000 on purchase of a new hybrid vehicle while France offers a subsidy worth €6,000 on purchase of electric or plug-in hybrids cars . Such government initiatives are likely to boost the growth of global hybrid powertrain market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Powertrain Market Research Report
By Type
Engine, Transmission, Electric Motor and Battery
By Application
Hybrid Vehicles, Electric Vehicles, Plug-in Hybrid Vehicles
By Companies
Aisin, Continental, BorgWarner, ZF, BAE Systems, Getrag, Magneti Marelli, Voith, Jatco, Nanjing Punch Powertrain, Delphi
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid Powertrain Market Report Segments:
The global Hybrid Powertrain market is segmented on the basis of:
Types
Engine, Transmission, Electric Motor and Battery
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
Hybrid Vehicles, Electric Vehicles, Plug-in Hybrid Vehicles
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:
- Aisin
- Continental
- BorgWarner
- ZF
- BAE Systems
- Getrag
- Magneti Marelli
- Voith
- Jatco
- Nanjing Punch Powertrain
- Delphi
Highlights of The Hybrid Powertrain 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:
- Engine
- Transmission
- Electric Motor and Battery
- By Application:
- Hybrid Vehicles
- Electric Vehicles
- Plug-in Hybrid Vehicles
- 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 Powertrain 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
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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 powertrain is a type of automotive powertrain that uses both gasoline and electric motors to generate power. The electric motor helps the vehicle achieve better fuel economy, while the gasoline engine provides additional propulsion when needed.
Some of the key players operating in the hybrid powertrain market are Aisin, Continental, BorgWarner, ZF, BAE Systems, Getrag, Magneti Marelli, Voith, Jatco, Nanjing Punch Powertrain, Delphi.
The hybrid powertrain market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hybrid Powertrain 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 Powertrain Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hybrid Powertrain 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 Powertrain 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 Powertrain Market Size & Forecast, 2020-2028
4.5.1 Hybrid Powertrain Market Size and Y-o-Y Growth
4.5.2 Hybrid Powertrain Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Engine
5.2.2 Transmission
5.2.3 Electric Motor and Battery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hybrid Vehicles
6.2.2 Electric Vehicles
6.2.3 Plug-in Hybrid Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hybrid Powertrain 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 Powertrain 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Engine
9.6.2 Transmission
9.6.3 Electric Motor and Battery
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 Market Size Forecast by Applications
9.10.1 Hybrid Vehicles
9.10.2 Electric Vehicles
9.10.3 Plug-in Hybrid Vehicles
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Engine
10.6.2 Transmission
10.6.3 Electric Motor and Battery
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 Market Size Forecast by Applications
10.10.1 Hybrid Vehicles
10.10.2 Electric Vehicles
10.10.3 Plug-in Hybrid Vehicles
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Engine
11.6.2 Transmission
11.6.3 Electric Motor and Battery
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 Market Size Forecast by Applications
11.10.1 Hybrid Vehicles
11.10.2 Electric Vehicles
11.10.3 Plug-in Hybrid Vehicles
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Engine
12.6.2 Transmission
12.6.3 Electric Motor and Battery
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 Market Size Forecast by Applications
12.10.1 Hybrid Vehicles
12.10.2 Electric Vehicles
12.10.3 Plug-in Hybrid Vehicles
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Engine
13.6.2 Transmission
13.6.3 Electric Motor and Battery
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) Market Size Forecast by Applications
13.10.1 Hybrid Vehicles
13.10.2 Electric Vehicles
13.10.3 Plug-in Hybrid Vehicles
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 Powertrain Market: Competitive Dashboard
14.2 Global Hybrid Powertrain Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aisin
14.3.2 Continental
14.3.3 BorgWarner
14.3.4 ZF
14.3.5 BAE Systems
14.3.6 Getrag
14.3.7 Magneti Marelli
14.3.8 Voith
14.3.9 Jatco
14.3.10 Nanjing Punch Powertrain
14.3.11 Delphi
