The global hybrid electric vehicle conversion kits market is expected to grow at a CAGR of XX% during the forecast period. The major factors driving the growth of this market are increasing demand for fuel-efficient vehicles, rising environmental concerns, and government regulations.
The global hybrid electric vehicle conversion kits market is segmented on the basis of type, application, and region. On the basis of type, it is classified into power conversion kit, brakes conversion kit, lights conversion kit, locking system conversion kit, steering conversion kit and energy saving conversion kit. On the basis of application it is classified into passenger vehicles and commercial vehicles. Geographically it covers North America (US, Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China) and Middle East & Africa (Saudi Arabia).
Some Of The Growth Factors Of This Market:
- The increasing demand for fuel-efficient vehicles is driving the growth of the hybrid electric vehicle conversion kits market.
- The rising awareness about environmental issues and the need to reduce greenhouse gas emissions is also driving the growth of this market.
- The increasing number of government regulations on emission standards and fuel efficiency are also driving this market's growth.
- The growing popularity of electric vehicles is also a factor that will drive this market's growth in future years, as they are more environmentally friendly than conventional vehicles and have lower operating costs as well as lower maintenance costs over time, which makes them more attractive to consumers who want to save money on their transportation expenses while reducing their carbon footprint at the same time.
- Increasing demand for hybrid electric vehicle conversion kits from commercial fleets such as taxis, buses, delivery trucks, etc, will be another factor that will drive this market's growth in future years due to their higher fuel efficiency compared with conventional vehicles which reduces operating costs for these fleets over time while reducing their carbon footprint at the same time.
Industry Growth Insights published a new data on “Hybrid Electric Vehicle Conversion Kits Market”. The research report is titled “Hybrid Electric Vehicle Conversion Kits Market research by Types (Power Conversion Kit, Brakes Conversion Kit, Lights Conversion Kit, Locking System Conversion Kit, Steering Conversion Kit, Energy Saving Conversion Kit), By Applications (Passenger Vehicles, Commercial Vehicles), By Players/Companies XL Hybrids, Enginer, EVDrive, KPIT Technologies, Odyne Systems, Altigreen Propulsion Labs, Boulder Hybrids, A123 Systems, ALTe Technologies”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Electric Vehicle Conversion Kits Market Research Report
By Type
Power Conversion Kit, Brakes Conversion Kit, Lights Conversion Kit, Locking System Conversion Kit, Steering Conversion Kit, Energy Saving Conversion Kit
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
XL Hybrids, Enginer, EVDrive, KPIT Technologies, Odyne Systems, Altigreen Propulsion Labs, Boulder Hybrids, A123 Systems, ALTe Technologies
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid Electric Vehicle Conversion Kits Market Report Segments:
The global Hybrid Electric Vehicle Conversion Kits market is segmented on the basis of:
Types
Power Conversion Kit, Brakes Conversion Kit, Lights Conversion Kit, Locking System Conversion Kit, Steering Conversion Kit, Energy Saving Conversion Kit
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 Vehicles, Commercial 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:
- XL Hybrids
- Enginer
- EVDrive
- KPIT Technologies
- Odyne Systems
- Altigreen Propulsion Labs
- Boulder Hybrids
- A123 Systems
- ALTe Technologies
Highlights of The Hybrid Electric Vehicle Conversion Kits 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:
- Power Conversion Kit
- Brakes Conversion Kit
- Lights Conversion Kit
- Locking System Conversion Kit
- Steering Conversion Kit
- Energy Saving Conversion Kit
- By Application:
- Passenger Vehicles
- Commercial 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 Electric Vehicle Conversion Kits 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.
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- 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 electric vehicle conversion kit is a set of components and tools that allow a car or truck to be converted to run on electricity only. The kits typically include an electric motor, battery, controller, and other necessary hardware.
Some of the major players in the hybrid electric vehicle conversion kits market are XL Hybrids, Enginer, EVDrive, KPIT Technologies, Odyne Systems, Altigreen Propulsion Labs, Boulder Hybrids, A123 Systems, ALTe Technologies.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hybrid Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hybrid Electric Vehicle Conversion Kits Market - Supply Chain
4.5. Global Hybrid Electric Vehicle Conversion Kits Market Forecast
4.5.1. Hybrid Electric Vehicle Conversion Kits Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hybrid Electric Vehicle Conversion Kits Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hybrid Electric Vehicle Conversion Kits Market Absolute $ Opportunity
5. Global Hybrid Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits Market Size and Volume Forecast by Type
5.3.1. Power Conversion Kit
5.3.2. Brakes Conversion Kit
5.3.3. Lights Conversion Kit
5.3.4. Locking System Conversion Kit
5.3.5. Steering Conversion Kit
5.3.6. Energy Saving Conversion Kit
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hybrid Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicles
6.3.2. Commercial Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hybrid Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits Demand Share Forecast, 2019-2026
9. North America Hybrid Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicles
9.4.2. Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hybrid Electric Vehicle Conversion Kits Market Size and Volume Forecast by Type
9.7.1. Power Conversion Kit
9.7.2. Brakes Conversion Kit
9.7.3. Lights Conversion Kit
9.7.4. Locking System Conversion Kit
9.7.5. Steering Conversion Kit
9.7.6. Energy Saving Conversion Kit
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 Electric Vehicle Conversion Kits Demand Share Forecast, 2019-2026
10. Latin America Hybrid Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicles
10.4.2. Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hybrid Electric Vehicle Conversion Kits Market Size and Volume Forecast by Type
10.7.1. Power Conversion Kit
10.7.2. Brakes Conversion Kit
10.7.3. Lights Conversion Kit
10.7.4. Locking System Conversion Kit
10.7.5. Steering Conversion Kit
10.7.6. Energy Saving Conversion Kit
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 Electric Vehicle Conversion Kits Demand Share Forecast, 2019-2026
11. Europe Hybrid Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicles
11.4.2. Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hybrid Electric Vehicle Conversion Kits Market Size and Volume Forecast by Type
11.7.1. Power Conversion it
11.7.2. Brakes Conversion Kit
11.7.3. Lights Conversion Kit
11.7.4. Locking System Conversion Kit
11.7.5. Steering Conversion Kit
11.7.6. Energy Saving Conversion Kit
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 Electric Vehicle Conversion Kits Demand Share, 2019-2026
12. Asia Pacific Hybrid Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicles
12.4.2. Commercial Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hybrid Electric Vehicle Conversion Kits Market Size and Volume Forecast by Type
12.7.1. Power Conversion Kit
12.7.2. Brakes Conversion Kit
12.7.3. Lights Conversion Kit
12.7.4. Locking System Conversion Kit
12.7.5. Steering Conversion Kit
12.7.6. Energy Saving Conversion Kit
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 Electric Vehicle Conversion Kits Demand Share, 2019-2026
13. Middle East & Africa Hybrid Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits 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 Electric Vehicle Conversion Kits Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicles
13.4.2. Commercial 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 Electric Vehicle Conversion Kits Market Size and Volume Forecast by Type
13.7.1. Power Conversion Kit
13.7.2. Brakes Conversion Kit
13.7.3. Lights Conversion Kit
13.7.4. Locking System Conversion Kit
13.7.5. Steering Conversion Kit
13.7.6. Energy Saving Conversion Kit
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 Electric Vehicle Conversion Kits Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hybrid Electric Vehicle Conversion Kits Market: Market Share Analysis
14.2. Hybrid Electric Vehicle Conversion Kits Distributors and Customers
14.3. Hybrid Electric Vehicle Conversion Kits Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. XL Hybrids
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Enginer
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. EVDrive
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. KPIT Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Odyne Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Altigreen Propulsion Labs
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Boulder Hybrids
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. A123 Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ALTe Technologies
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
