Market Overview:
The global plug-in hybrid electric passenger vehicle market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for environment-friendly vehicles and government initiatives towards promoting the use of such vehicles. The global plug-in hybrid electric passenger vehicle market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into range below 100 km, 100 km below range below 200 km, and 200km below range. On the basis of application, commercial vehicles account for a major share in terms of volume in 2017 and are expected to maintain their dominance during the forecast period as well. However, household applications are projected to witness higher growth rates during 2018–2030 owing to rising awareness about environment friendly options among consumers across regions.
Product Definition:
A plug-in hybrid electric passenger vehicle (PHEV) is a hybrid electric vehicle that uses a rechargeable battery pack to store energy, and an internal combustion engine to generate additional power. PHEVs are distinct from all-electric vehicles, which use batteries only for propulsion.
Range Below= 100 km:
The global plug-in hybrid electric passenger vehicle market was valued at USD 14,700 million in 2015. The increasing demand for fuel economy and the need to reduce carbon emissions are expected to drive the industry growth over the forecast period. Stringent government regulations regarding vehicular emission have resulted in increased focus on PHEVs, which is anticipated to augment demand over the next seven years.
100 kmBelow RangeBelow200 km:
The plug-in hybrid electric passenger vehicle market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this market includes growing environmental concerns such as greenhouse gas emissions and depletion of fossil fuels. Another important factor that drives the demand for PHEVs is government incentives & rebates, which are offered through various programs to promote adoption of these vehicles. For instance, in U.S.
Application Insights:
The commercial application segment accounted for the largest share of over 70.0% in 2017. The segment is expected to witness significant growth owing to rising demand for passenger vehicles among corporate offices, shopping malls and hotels, airports and seaports, government offices, hospitals and clinics as well as railway stations. Furthermore, increasing number of public transport buses in major cities including New York City; Paris; London; Tokyo; Mexico City among others are also expected to contribute significantly towards the growth of the market during the forecast period.
Household application accounted for a significant share in 2017 owing to growing awareness regarding fuel cost savings along with environmental benefits coupled with an increase in disposable income levels across developed countries such as U.S.
Regional Analysis:
The Asia Pacific region accounted for the largest share of over 55% in 2017. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing government initiatives and awareness campaigns regarding the benefits of these vehicles. Furthermore, China has been observed to be leading in hybrid electric vehicles production owingto its large manufacturing base and availability of cheap labor.
North America was estimated at USD X million in 2017 and is projected to grow at an exponential rate over the forecast period due high consumer awareness about these cars as well as increased government support for promoting adoption across U.S., Canada, Mexico). For instance; In November 2018; California Air Resources Board (CARB) approved mandate creditsfor PHEVs which include incentives such as bonus depreciationand exemptions from parking fees etc.
Growth Factors:
- Increasing demand for fuel-efficient and environment-friendly vehicles
- Government initiatives and subsidies for plug-in hybrid electric passenger vehicles
- Rising awareness about the benefits of plug-in hybrid electric passenger vehicles
- Technological advancements in plug-in hybrid electric passenger vehicle batteries and charging systems
- Growing popularity of car sharing and ride hailing services
Scope Of The Report
Report Attributes
Report Details
Report Title
Plug-In Hybrid Electric Passenger Vehicle Market Research Report
By Type
Range Below= 100 km, 100 kmBelow RangeBelow200 km, 200km Below= Range
By Application
Commercial, Household, Others
By Companies
General Motors, Toyota, Ford, Geely, Honda, Mitsubishi Group, BMW, Volkswagen Group, BYD, SAIC MOTOR, Mercedes-Benz, Hyundai Motor Group, Fiat Chrysler Automobiles
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Plug-In Hybrid Electric Passenger Vehicle Market Report Segments:
The global Plug-In Hybrid Electric Passenger Vehicle market is segmented on the basis of:
Types
Range Below= 100 km, 100 kmBelow RangeBelow200 km, 200km Below= Range
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
Commercial, Household, 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:
- General Motors
- Toyota
- Ford
- Geely
- Honda
- Mitsubishi Group
- BMW
- Volkswagen Group
- BYD
- SAIC MOTOR
- Mercedes-Benz
- Hyundai Motor Group
- Fiat Chrysler Automobiles
Highlights of The Plug-In Hybrid Electric Passenger 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:
- Range Below= 100 km
- 100 kmBelow RangeBelow200 km
- 200km Below= Range
- By Application:
- Commercial
- Household
- 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 Passenger 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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 plug-in hybrid electric passenger vehicle is a type of electric car that uses both electricity from batteries and gasoline or diesel fuel to power the motor.
Some of the major players in the plug-in hybrid electric passenger vehicle market are General Motors, Toyota, Ford, Geely, Honda, Mitsubishi Group, BMW, Volkswagen Group, BYD, SAIC MOTOR, Mercedes-Benz, Hyundai Motor Group, Fiat Chrysler Automobiles.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plug-In Hybrid Electric Passenger Vehicle 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. Plug-In Hybrid Electric Passenger Vehicle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plug-In Hybrid Electric Passenger Vehicle Market - Supply Chain
4.5. Global Plug-In Hybrid Electric Passenger Vehicle Market Forecast
4.5.1. Plug-In Hybrid Electric Passenger Vehicle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plug-In Hybrid Electric Passenger Vehicle Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plug-In Hybrid Electric Passenger Vehicle Market Absolute $ Opportunity
5. Global Plug-In Hybrid Electric Passenger Vehicle 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. Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Type
5.3.1. Range Below= 100 km
5.3.2. 100 kmBelow RangeBelow200 km
5.3.3. 200km Below= Range
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plug-In Hybrid Electric Passenger Vehicle 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. Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Household
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plug-In Hybrid Electric Passenger Vehicle 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. Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle 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. Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle Demand Share Forecast, 2019-2026
9. North America Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Household
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Type
9.7.1. Range Below= 100 km
9.7.2. 100 kmBelow RangeBelow200 km
9.7.3. 200km Below= Range
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 Plug-In Hybrid Electric Passenger Vehicle Demand Share Forecast, 2019-2026
10. Latin America Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Household
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Type
10.7.1. Range Below= 100 km
10.7.2. 100 kmBelow RangeBelow200 km
10.7.3. 200km Below= Range
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 Plug-In Hybrid Electric Passenger Vehicle Demand Share Forecast, 2019-2026
11. Europe Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Household
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Typ
11.7.1. Range Below= 100 km
11.7.2. 100 kmBelow RangeBelow200 km
11.7.3. 200km Below= Range
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 Plug-In Hybrid Electric Passenger Vehicle Demand Share, 2019-2026
12. Asia Pacific Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Household
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Type
12.7.1. Range Below= 100 km
12.7.2. 100 kmBelow RangeBelow200 km
12.7.3. 200km Below= Range
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 Plug-In Hybrid Electric Passenger Vehicle Demand Share, 2019-2026
13. Middle East & Africa Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle 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 Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Household
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plug-In Hybrid Electric Passenger Vehicle Market Size and Volume Forecast by Type
13.7.1. Range Below= 100 km
13.7.2. 100 kmBelow RangeBelow200 km
13.7.3. 200km Below= Range
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 Plug-In Hybrid Electric Passenger Vehicle Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plug-In Hybrid Electric Passenger Vehicle Market: Market Share Analysis
14.2. Plug-In Hybrid Electric Passenger Vehicle Distributors and Customers
14.3. Plug-In Hybrid Electric Passenger Vehicle Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Motors
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Toyota
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ford
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Geely
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Honda
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BMW
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Volkswagen Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BYD
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SAIC MOTOR
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mercedes-Benz
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hyundai Motor Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fiat Chrysler Automobiles
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
