Hybrid Electric Vehicle Market Is Projected To Record A Remarkable Growth Trajectory Of 14% CAGR Through 2031
The global market for hybrid electric vehicles is anticipated to showcase a stellar growth trajectory registering a CAGR of over 14% over the forecast period 2021-2031, according to Fact.MR. Gasoline hybrid vehicles are projected to surpass a value of over US$ 100 Million by 2031. More than ever, both B2B and B2C types of businesses are incorporating market research into their company strategies. It could mean the difference between making intelligent choices that benefit the organization and poor choices that could harm it.
A firm can examine its own strengths and resources in the context of dynamically changing business needs with the help of FactMR’s research insights while keeping an eye on the current difficulties. The purpose of dedicated sections for competitive analysis and segmentation is to inform readers about the state of the arcade making it further highlighting factors that need the attention of business policymakers. Companies must conduct market research before launching any promotions in order to forecast future trends. This market research report on hybrid electric vehicles is primarily intended to assist businesses in the automotive industry in understanding important opportunities and growth plans for the foreseeable future.
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Market participants: –
- delphi
- Continental AG
- vogue warner
- ZF and Schaeffler
- Toyota Motor Corporation
- ford motor company
- Volvo cars
- Honda Motor Industry Co., Ltd.
- Hyundai Motor
- Daimler AG
- transmission Allison
- Nissan Motor Co., Ltd.
Key partners in the market, including industry players, policymakers and financial backers from various countries, have continuously recalibrated their coping systems and strategies to take advantage of the newly opened doors. Many organizations have recently updated their procedures to remain coordinated during the general disruption caused by the COVID-19 pandemic.
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Main sectors covered
- Power supply:
- HEV storage
- HEV vehicle generator
- Powertrain:
- series
- parallel
- set
- by car:
- hybrid electric passenger car
- commercial hybrid electric vehicle
- hybrid electric motorcycle
- Other HEVs (golf carts, etc.)
What do you get from Fact.MR research?
- Factors influencing the overall development of the global hybrid electric vehicle market
- Factors that may limit the growth of the global market in the coming years of the forecast period.
- What are the current competitive scenarios in the global Hybrid Electric Vehicles market and intricate details pertaining to the potential business prospects of the key market players?
- Pricing strategies of different market participants in the global hybrid electric vehicle market
Regional analysis includes:
- North America (USA, Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, rest of LATAM)
- EU: (Germany, France, Italy, Spain), UK, Benelux (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Republic, etc.), Rest of Europe
- CIS and Russia
- japan
- Asia Pacific excluding Japan (Greater China, India, Korea, ASEAN countries, rest of APEJ)
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Competitive Landscape
The global hybrid electric vehicles market is highly competitive in nature. Amid the growing competition in the hybrid electric vehicles market, leading players are focusing on strengthening their market position and gaining traction in the competitive global market.
- In April 2021, Ford Motor Company launched Mustang Mach-E SUV which has comfortably outfitted interior, seamless technology, and impressive range. This model is home to one truly iconic design paired with luxurious materials and standard driver-assist technologies like Ford Co-Pilot360™ 2.0.
- In July 2021, TotalEnergies signed a contract with Bolloré Group for the acquisition of ‘Blue Charge’. Upon the approval of the relevant authorities, TotalEnergies will manage and operate the largest electric vehicle charging network in Singapore, with more than 1,500 charge points installed in the city-state.
- This urban charging network represents around 85% of the charge points currently under operation in Singapore, access to electric vehicle owners as well as to the car-sharing solution BlueSG.
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