The global hybrid and electric vehicles market is expected to grow at a CAGR of around 12.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for fuel-efficient vehicles, stringent emission norms, and government incentives. The light vehicle segment accounted for the largest share of the global hybrid and electric vehicles market in 2018. This can be attributed to the increasing demand for fuel-efficient cars in developed economies such as North America and Europe. The light vehicle segment accounted for the largest share of the global hybrid and electric vehicles market in 2018.
- The cost of electric vehicles is decreasing, which will make them more affordable for the average consumer.
- The number of charging stations is increasing, which will make it easier for people to charge their cars when they are not at home.
- There are many incentives and tax breaks available to those who purchase an electric vehicle, which will help increase the demand for these vehicles in the future.
- Electric vehicles produce less pollution than traditional gas-powered cars, which makes them a better choice for those who want to reduce their carbon footprint and help protect the environment from harmful emissions that contribute to climate change.
- Hybrid and electric vehicles have lower maintenance costs than traditional gas-powered cars because they do not require oil changes or tune-ups as often.
Industry Growth Insights published a new data on “Hybrid and Electric Vehicles Market”. The research report is titled “Hybrid and Electric Vehicles Market research by Types (Hybrid Electric Vehicles, Pure Electric Vehicles), By Applications (Light Vehicles, Medium- and Heavy-Duty Vehicles), By Players/Companies BAIC, BMW, BYD, Ford, Geely, Honda, Hyundai-Kia, Tesla, Toyota”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid and Electric Vehicles Market Research Report
By Type
Hybrid Electric Vehicles, Pure Electric Vehicles
By Application
Light Vehicles, Medium- and Heavy-Duty Vehicles
By Companies
BAIC, BMW, BYD, Ford, Geely, Honda, Hyundai-Kia, Tesla, Toyota
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid and Electric Vehicles Market Report Segments:
The global Hybrid and Electric Vehicles market is segmented on the basis of:
Types
Hybrid Electric Vehicles, Pure Electric 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
Light Vehicles, Medium- and Heavy-Duty 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:
- BAIC
- BMW
- BYD
- Ford
- Geely
- Honda
- Hyundai-Kia
- Tesla
- Toyota
Highlights of The Hybrid and 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:
- Hybrid Electric Vehicles
- Pure Electric Vehicles
- By Application:
- Light Vehicles
- Medium- and Heavy-Duty 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 and 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?
Hybrid and electric vehicles are vehicles that use both gasoline and electricity to power the vehicle.
Some of the key players operating in the hybrid and electric vehicles market are BAIC, BMW, BYD, Ford, Geely, Honda, Hyundai-Kia, Tesla, Toyota.
The hybrid and electric vehicles market is expected to grow at a compound annual growth rate of 12.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hybrid and Electric Vehicles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hybrid and Electric Vehicles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hybrid and Electric Vehicles Market - Supply Chain
4.5. Global Hybrid and Electric Vehicles Market Forecast
4.5.1. Hybrid and Electric Vehicles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hybrid and Electric Vehicles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hybrid and Electric Vehicles Market Absolute $ Opportunity
5. Global Hybrid and Electric Vehicles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hybrid and Electric Vehicles Market Size and Volume Forecast by Type
5.3.1. Hybrid Electric Vehicles
5.3.2. Pure Electric Vehicles
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hybrid and Electric Vehicles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hybrid and Electric Vehicles Market Size and Volume Forecast by Application
6.3.1. Light Vehicles
6.3.2. Medium- and Heavy-Duty Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hybrid and Electric Vehicles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hybrid and Electric Vehicles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hybrid and Electric Vehicles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hybrid and Electric Vehicles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hybrid and Electric Vehicles Demand Share Forecast, 2019-2026
9. North America Hybrid and Electric Vehicles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hybrid and Electric Vehicles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hybrid and Electric Vehicles Market Size and Volume Forecast by Application
9.4.1. Light Vehicles
9.4.2. Medium- and Heavy-Duty Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hybrid and Electric Vehicles Market Size and Volume Forecast by Type
9.7.1. Hybrid Electric Vehicles
9.7.2. Pure Electric Vehicles
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hybrid and Electric Vehicles Demand Share Forecast, 2019-2026
10. Latin America Hybrid and Electric Vehicles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hybrid and Electric Vehicles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hybrid and Electric Vehicles Market Size and Volume Forecast by Application
10.4.1. Light Vehicles
10.4.2. Medium- and Heavy-Duty Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hybrid and Electric Vehicles Market Size and Volume Forecast by Type
10.7.1. Hybrid Electric Vehicles
10.7.2. Pure Electric Vehicles
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hybrid and Electric Vehicles Demand Share Forecast, 2019-2026
11. Europe Hybrid and Electric Vehicles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hybrid and Electric Vehicles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hybrid and Electric Vehicles Market Size and Volume Forecast by Application
11.4.1. Light Vehicles
11.4.2. Medium- and Heavy-Duty Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hybrid and Electric Vehicles Market Size and Volume Forecast by Type
11.7.1. Hybrid Electric Vehicles
11.7.2. Pure Electric Vehicles
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hybrid and Electric Vehicles Demand Share, 2019-2026
12. Asia Pacific Hybrid and Electric Vehicles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hybrid and Electric Vehicles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hybrid and Electric Vehicles Market Size and Volume Forecast by Application
12.4.1. Light Vehicles
12.4.2. Medium- and Heavy-Duty Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hybrid and Electric Vehicles Market Size and Volume Forecast by Type
12.7.1. Hybrid Electric Vehicles
12.7.2. Pure Electric Vehicles
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hybrid and Electric Vehicles Demand Share, 2019-2026
13. Middle East & Africa Hybrid and Electric Vehicles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hybrid and Electric Vehicles Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hybrid and Electric Vehicles Market Size and Volume Forecast by Application
13.4.1. Light Vehicles
13.4.2. Medium- and Heavy-Duty Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hybrid and Electric Vehicles Market Size and Volume Forecast by Type
13.7.1. Hybrid Electric Vehicles
13.7.2. Pure Electric Vehicles
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hybrid and Electric Vehicles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hybrid and Electric Vehicles Market: Market Share Analysis
14.2. Hybrid and Electric Vehicles Distributors and Customers
14.3. Hybrid and Electric Vehicles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BAIC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BMW
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BYD
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ford
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Geely
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Honda
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hyundai-Kia
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tesla
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Toyota
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook