Market Overview:
The global plug-in hybrid electric vehicles 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 environment-friendly and fuel-efficient vehicles. Additionally, the government initiatives and subsidies for purchasing plug-in hybrid electric vehicles are also contributing to the growth of this market. The global plug-in hybrid electric vehicles market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into stored electricity and on board electric generator. The stored electricity segment is expected to hold a larger share in this market owing to its advantages such as low emissions and high fuel efficiency. On the basis of application, it can be classified into passenger cars, commercial vehicles, two wheelers, and others (boats/ships etc.). Passenger cars are anticipated to account for a major share in this market due to their high demand across all regions globally.
Product Definition:
A plug-in hybrid electric vehicle (PHEV) is a hybrid electric vehicle that can be plugged into the electricity grid to recharge its battery. PHEVs have both a gasoline engine and an electric motor, and are increasingly being used as alternatives to conventional vehicles. PHEVs have the potential to reduce emissions of greenhouse gases and air pollutants, since they rely more on electricity than gasoline for power.
Stored Electricity:
Stored electricity is the energy that can be drawn from the battery when the vehicle is stationary. It is usually used to power electric components such as fans, pumps, and other systems that require a small amount of current. The stored electricity usage in an PHEV depends on factors such as driving style (idle or moving), temperature (hot or cold), load level (high or low) and battery charge (%)".
On Board Electric Generator:
An on-board electric generator is a device that produces electricity to power an electric vehicle (EV). It is usually a portable engine that runs on diesel, petrol or hybrid fuel. The most common type of generators used are reciprocating engines, which convert the motion of the vehicle into mechanical energy to produce electricity.
On board generators have been around for many years and their usage has increased in recent times owing to stringent emission regulations being laid down by governments across the globe.
Application Insights:
Passenger cars application segment accounted for the largest share of over 50.0% in 2017 owing to the growing demand from consumers for passenger vehicles with improved fuel economy and emission reduction. The increasing awareness regarding environmental issues has resulted in a significant increase in demand for plug-in hybrid electric vehicles among consumers, which is expected to drive growth over the forecast period.
The commercial vehicle application segment is projected to witness substantial growth over the forecast period owing to rising deployment of battery powered trucks and buses by various companies including Siemens, Alstom, Volvo, etc. Various governments are also promoting investments through tax credits and subsidies for installing hybrid systems in public transport buses and trains which will further propel market growth during 2018 - 2030 period.
Regional Analysis:
The Asia Pacific region accounted for the largest share of over 60% in 2017. The region is anticipated to dominate the market throughout the forecast period owing to increasing sales of PHEVs and Plug-in Hybrid Electric Vehicles (PHEVs) driven by government incentives, low maintenance cost, and high driving range. China was estimated as the largest market in 2017 owing to its large population along with a growing number of PHEVs on roadways.
North America is expected to grow at a significant rate over the forecast period due to strict regulations imposed by governments across U.S., Canada, and Mexico regarding selling or implementing new electric vehicles that emit lower levels of Greenhouse Gas (GHG).
Growth Factors:
- Increasing environmental awareness among consumers
- Government initiatives and subsidies for plug-in hybrids
- Rising fuel prices
- Improved technology and falling costs of plug-in hybrid electric vehicles
- Increased consumer interest in alternatively fueled vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Plug-in Hybrid Electric Vehicles Market Research Report
By Type
Stored Electricity, On Board Electric Generator
By Application
Passenger Cars, Commercial Vehicles, Two Wheelers, Others
By Companies
Nissan Motor, Bayerische Motoren Werke, Honda Motor, Mitsubishi Motors, Toyota Motor, Volkswagen, Tesla Motors, Groupe Renault, Ford Motor, Daimler, Nissan Motor
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Plug-in Hybrid Electric Vehicles Market Report Segments:
The global Plug-in Hybrid Electric Vehicles market is segmented on the basis of:
Types
Stored Electricity, On Board Electric Generator
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
Passenger Cars, Commercial Vehicles, Two Wheelers, Others
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:
- Nissan Motor
- Bayerische Motoren Werke
- Honda Motor
- Mitsubishi Motors
- Toyota Motor
- Volkswagen
- Tesla Motors
- Groupe Renault
- Ford Motor
- Daimler
- Nissan Motor
Highlights of The Plug-in Hybrid Electric Vehicles 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:
- Stored Electricity
- On Board Electric Generator
- By Application:
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
- Others
- 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 Plug-in Hybrid Electric Vehicles 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 plug-in hybrid electric vehicle (PHEV) is a type of hybrid electric car that uses both electricity and gasoline. The PHEV's battery pack is usually charged by plugging into an electrical outlet, like a regular car. When the battery pack needs more juice, the engine will start using gasoline to power it.
Some of the key players operating in the plug-in hybrid electric vehicles market are Nissan Motor, Bayerische Motoren Werke, Honda Motor, Mitsubishi Motors, Toyota Motor, Volkswagen, Tesla Motors, Groupe Renault, Ford Motor, Daimler, Nissan Motor.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plug-in Hybrid Electric Vehicles 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 Plug-in Hybrid Electric Vehicles Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Plug-in Hybrid Electric Vehicles 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 Plug-in Hybrid Electric Vehicles 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 Plug-in Hybrid Electric Vehicles Market Size & Forecast, 2020-2028 4.5.1 Plug-in Hybrid Electric Vehicles Market Size and Y-o-Y Growth 4.5.2 Plug-in Hybrid Electric Vehicles 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 Stored Electricity
5.2.2 On Board Electric Generator
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 Passenger Cars
6.2.2 Commercial Vehicles
6.2.3 Two Wheelers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plug-in Hybrid Electric Vehicles 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 Plug-in Hybrid Electric Vehicles 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 Stored Electricity
9.6.2 On Board Electric Generator
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 Passenger Cars
9.10.2 Commercial Vehicles
9.10.3 Two Wheelers
9.10.4 Others
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 Stored Electricity
10.6.2 On Board Electric Generator
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 Passenger Cars
10.10.2 Commercial Vehicles
10.10.3 Two Wheelers
10.10.4 Others
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 Stored Electricity
11.6.2 On Board Electric Generator
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 Passenger Cars
11.10.2 Commercial Vehicles
11.10.3 Two Wheelers
11.10.4 Others
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 Stored Electricity
12.6.2 On Board Electric Generator
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 Passenger Cars
12.10.2 Commercial Vehicles
12.10.3 Two Wheelers
12.10.4 Others
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 Stored Electricity
13.6.2 On Board Electric Generator
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 Passenger Cars
13.10.2 Commercial Vehicles
13.10.3 Two Wheelers
13.10.4 Others
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 Plug-in Hybrid Electric Vehicles Market: Competitive Dashboard
14.2 Global Plug-in Hybrid Electric Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nissan Motor
14.3.2 Bayerische Motoren Werke
14.3.3 Honda Motor
14.3.4 Mitsubishi Motors
14.3.5 Toyota Motor
14.3.6 Volkswagen
14.3.7 Tesla Motors
14.3.8 Groupe Renault
14.3.9 Ford Motor
14.3.10 Daimler
14.3.11 Nissan Motor