"Market Intelligence for High-Geared Performance"

Hybrid Powertrain Systems Market Size, Share & Industry Analysis, By Type (Parallel hybrid, Series Hybrid, Series-Parallel Hybrid), By Application (Passenger Cars, Commercial Vehicles) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105932 | Status : Ongoing

 

KEY MARKET INSIGHTS

Hybrid vehicle powertrain systems basically combine the conventional powertrain components of an automotive, transmission and internal combustion engine with new electric components such as power electronics, electric motor, and high voltage energy storage equipment such as a battery.


The increased disposable incomes of the customers and rapid rise in urbanization are some of the major factors driving the growth of the market. Also, it is fuelled by the increase in R&D efforts of major key companies. Also with the rapid trends towards comfort and safety and adoption of luxury vehicles the market is expected to grow rapidly over the forecast period. However, the rapid rise in the demand o fully electric vehicles and increased demand for fuel cell electric vehicles are some of the major factors that are expected to hamper the growth of the market.

Up Arrow

Key Market Driver -

the increased disposable incomes of the customers and rapid rise in urbanization are some of the major factors driving the growth of the market.

Down Arrow

Key Market Restraint -

the rapid rise in the demand of fully electric vehicles and increased demand of fuel cell electric vehicles are some of the major factors that are expected to hamper the growth of the market.


Market Segmentation:


The global hybrid powertrain systems market is segmented by type, by application and by geography. Based on type the market is further sub-segmented into parallel hybrid, series hybrid and series-parallel hybrid. Among these parallel hybrid segments is expected to account for the largest market share in the year 2020 and it is anticipated to continue its dominance over the forecast period. the major factor attributing to the growth of the market is an increase in usage of regenerative braking technology as it restores the energy to recharge the battery when brakes are applied. Also, due to the low cost of parallel hybrid as compared to series hybrid is expected to drive the growth of the market.

Based on application the market is segmented into commercial vehicles and passenger vehicles. The passenger vehicle segment accounted for the largest market share and it is expected to dominate the market during the forecast period with a steady CAGR. The increased demand for passenger vehicles in developing countries and increased recent trends towards comfortable and safe vehicles are expected to boost the growth of the market. Also, with the rise in sales of technologically advanced and luxury vehicles the market is expected to grow steadily over the forecast period.

Key Players:


Major players operating in the global hybrid powertrain systems market include Honda, Toyota, Hyundai, Mahle, Nissan, Mitsubishi, Bosch, ALTe Technologies, BYD, SAIC, CSR, Eaton, Tianjin Santroll, Allison Technologies and Voith among others

Key Insights



  • New Advancements in hybrid powertrain systems market.

  • Number of Products, Key Countries, 2020

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the global hybrid powertrain systems market is segmented into North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific held the largest share of the market in 2020 and it is projected to dominate the market in the coming years with the highest CAGR. This can be attributed due to the increased traffic and fleet, increase in automotive sales and deployment of new production facilities. Also, due to the presence of major key players in the region the market is expected to experience a boost over the forecast period.

North America is expected to be the second-largest region for the market and it is expected to grow steadily over the forecast period the increasing safety and comfort concerns and increased sales of luxury and technologically advanced vehicles are some of the major factors driving the growth of the market. Europe is expected to account for a considerable share in the market over the forecast period the increase in R&D efforts of major automotive countries in the country and a higher rate of adoption of hybrid automotive in the region are some of the major factors driving the growth of the market.

To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTES 

 DETAILS     

By Type



  • Parallel hybrid

  • Series Hybrid

  • Series-Parallel Hybrid



By Application



  • Passenger Cars

  • Commercial Vehicles



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Automotive & Transportation Clients
Toshiba
Bosch
Asahi
Hitachi
KIA
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X