Big Opportunities of Global Hybrid Vehicles Market 2019 Analysis and Opportunity Assessment, 2016-2026
Press Release – 24
Jan 2019
Research
and Development News
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Latest
Update
"Hybrid Vehicles Market: Passenger Cars Segment Will Continue to
Drive the Global Market Throughout the Forecast Period: Global
Industry Analysis and Opportunity Assessment, 2016-2026"
with Industries Survey | Global Current Growth and Future.
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“Passenger cars segment is expected to
lead the global hybrid vehicles market in terms of revenue growth
over the forecast period”
Passenger cars are the most technologically
advanced of all the vehicle groups and manufacturers of passenger
cars are focussed on providing comfort and luxury to passengers. The
passenger cars segment is projected to gain more than 1000 BPS by
2026 as compared to that in 2016, expanding with a healthy CAGR of
22.8% over the forecast period. The passenger cars segment was
estimated to account for more than 65% value share of the global
hybrid vehicles market in 2016 and is estimated to reach more than
80% value share by the end of 2026. By vehicle type, the passenger
cars segment is estimated to represent high incremental $ opportunity
compared to the light commercial vehicles segment.
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The
passenger cars segment is expected to dominate the global hybrid
vehicles market over the forecast period.
“Less availability of charging stations comes across as a roadblock to the progress of the passenger cars segment across the globe”
The development of plug-in hybrid vehicles such as passenger cars mainly depends on the availability of charging stations on the road network. The availability of gasoline stations is much higher than the availability of charging stations, which is a main restraint to the development of the passenger cars segment in the global hybrid vehicles market. Although manufacturers provide charging systems that are stationary and probably would be attached to the home or workplace, public charging stations are far less available to customers especially in emergency situations of low battery. Creating a hybrid vehicle friendly world is likely to be a big challenge for vehicle manufacturers as well as government authorities.
Hybrid vehicles such as passenger cars are gaining popularity in North America, Europe and Asia Pacific, but these vehicles are not so popular in Latin America and the Middle East and Africa regions. High availability and supply of petroleum in these regions is one of the main reasons that hybrid passenger cars are not that popular. Another reason for the sluggish sales of hybrid passenger cars in Latin America and the Middle East and Africa is the lack of adequate public charging stations. Brazil in the Latin America region is a big user of flexible fuel, ethanol or methanol blend mixed with petrol, which can also be attributed to the poor sales of hybrid passenger cars in Latin America. On the other hand, Japan in the Asia Pacific region recorded high sales of hybrid vehicles in 2015, more than double the hybrid vehicle sales in the U.S.
“Less availability of charging stations comes across as a roadblock to the progress of the passenger cars segment across the globe”
The development of plug-in hybrid vehicles such as passenger cars mainly depends on the availability of charging stations on the road network. The availability of gasoline stations is much higher than the availability of charging stations, which is a main restraint to the development of the passenger cars segment in the global hybrid vehicles market. Although manufacturers provide charging systems that are stationary and probably would be attached to the home or workplace, public charging stations are far less available to customers especially in emergency situations of low battery. Creating a hybrid vehicle friendly world is likely to be a big challenge for vehicle manufacturers as well as government authorities.
Hybrid vehicles such as passenger cars are gaining popularity in North America, Europe and Asia Pacific, but these vehicles are not so popular in Latin America and the Middle East and Africa regions. High availability and supply of petroleum in these regions is one of the main reasons that hybrid passenger cars are not that popular. Another reason for the sluggish sales of hybrid passenger cars in Latin America and the Middle East and Africa is the lack of adequate public charging stations. Brazil in the Latin America region is a big user of flexible fuel, ethanol or methanol blend mixed with petrol, which can also be attributed to the poor sales of hybrid passenger cars in Latin America. On the other hand, Japan in the Asia Pacific region recorded high sales of hybrid vehicles in 2015, more than double the hybrid vehicle sales in the U.S.
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“Demand
for passenger cars is expected to increase at a steady pace over the
forecast period in the North America region”
The passenger cars segment is projected to gain more than 1000 BPS by 2026, expanding at a healthy CAGR of 18.9% over the forecast period in the North America hybrid vehicles market. In Latin America, the passenger cars segment is projected to gain more than 1000 BPS by 2026 as compared to that in 2016, expanding at a healthy CAGR of 18.9% over the forecast period. The passenger cars segment in the APEJ hybrid vehicles market is projected to gain over 1200 BPS by 2026 as compared to that in 2016 and expand at a healthy CAGR of 15.7% over the forecast period.
The passenger cars segment is projected to gain more than 1000 BPS by 2026, expanding at a healthy CAGR of 18.9% over the forecast period in the North America hybrid vehicles market. In Latin America, the passenger cars segment is projected to gain more than 1000 BPS by 2026 as compared to that in 2016, expanding at a healthy CAGR of 18.9% over the forecast period. The passenger cars segment in the APEJ hybrid vehicles market is projected to gain over 1200 BPS by 2026 as compared to that in 2016 and expand at a healthy CAGR of 15.7% over the forecast period.
3.
Global Hybrid Vehicles Market Analysis Scenario
3.1. Market Volume Analysis
3.1.1. Regional Production Outlook
3.2. Pricing Analysis
3.2.1. Price Projections Per Region
3.3. Market Size (US$ Mn) and Forecast
3.3.1. Market Value (US$ Mn) and Volume (000 units)
3.3.2. Absolute $ Opportunity
3.4. Market Overview
3.4.1. Value Chain
3.4.2. Profitability Margins
3.4.3. List of Active Participants
3.4.3.1. Raw Material Suppliers
3.4.3.2. Component Supplier
3.4.3.3. Manufacturers
3.1. Market Volume Analysis
3.1.1. Regional Production Outlook
3.2. Pricing Analysis
3.2.1. Price Projections Per Region
3.3. Market Size (US$ Mn) and Forecast
3.3.1. Market Value (US$ Mn) and Volume (000 units)
3.3.2. Absolute $ Opportunity
3.4. Market Overview
3.4.1. Value Chain
3.4.2. Profitability Margins
3.4.3. List of Active Participants
3.4.3.1. Raw Material Suppliers
3.4.3.2. Component Supplier
3.4.3.3. Manufacturers
4. Market Dynamics
4.1. Political-Economical-Social-Technological-Environment (PESTE) Analysis
4.2. Porters Analysis
4.3. Drivers
4.4. Restraints
4.5. Opportunity
4.6. Trends
4.1. Political-Economical-Social-Technological-Environment (PESTE) Analysis
4.2. Porters Analysis
4.3. Drivers
4.4. Restraints
4.5. Opportunity
4.6. Trends
5. Global Hybrid Vehicles Market Analysis
and Forecast, By Product Type
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Product Type
5.1.2. Y-o-Y Growth Projections By Product Type
5.2. Market Size Analysis By Product Type
5.2.1. Hybrid Electric Vehicles
5.2.2. Plug-In Hybrid Vehicles
5.3. Market Attractiveness Analysis By Product Type
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Product Type
5.1.2. Y-o-Y Growth Projections By Product Type
5.2. Market Size Analysis By Product Type
5.2.1. Hybrid Electric Vehicles
5.2.2. Plug-In Hybrid Vehicles
5.3. Market Attractiveness Analysis By Product Type
Continue.....
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