Hybrid System in Automotive Market Global Analysis 2020 Research Report

Market research future published a half cooked research report on global Automotive Hybrid System Market. The hybrid system in automotive market is expected to grow over the CAGR of around 11.25% during the period 2017 to 2023.

Market Highlights

The current trend in automotive industry is going toward electrification. Many manual transmission parts are replaced by electric transmitted components for better efficiency. The hybrid system in automotive includes various electric generated systems such as Start-Stop, Regenerative Braking, EV Drive, Others. The hybrid systems are used in electric vehicle such as HEV, PHEV, mild hybrid and others. The major share of the market is contributed by HEV. The HEVs mainly includes motorcycles, cars, trucks, buses, aircraft and others. Over the last few years, the hybrid electric vehicles gained much attention due the combination of both better as well as internal combustion engine systems. Also, it has been witnessed that the hybrid electric vehicles sales is growing at a rapid pace due to the presence of several manufacturers with a wide range of variety. The increase in sales of hybrid electric vehicle will result in the growth of hybrid system in automotive market during the forecast period. Factors such as government initiative to reduce hazardous emission and the growing fuel prices have led to the growth of the market during the forecast period. Along with agencies such as European Environment Agency and others, have set stringent regulations on vehicles to reduce the emission. As a result, a large pool of population have shifted their preferences towards electric vehicles such as e-bikes. This change in preference towards electric vehicle will result in increased use of hybrid systems. The market is expected to reach USD 38.5 billion by 2023 at a CAGR of 11.25% during the forecast period.

On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to account for the largest market in hybrid system in automotive during the forecast period due to increase in the sale of electric vehicle in this region. In Asia Pacific, China is the largest market for hybrid system and has about 40% of the electric vehicles developed in this region. Europe is the second largest market due to the presence of major automakers, increase in technological advancements and huge demand for e-cars. North America is growing at a steady rate in hybrid system because of the U.S. contributing the highest revenue in this region. The U.S. has always been the most lucrative market for electric vehicles. Over the past few years, the sales of electric vehicles in the U.S. have doubled, which means the market will generate ample revenue in the forecate period. The major factors that have driven the U.S. market are government initiatives and healthy disposable income.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

Continued…

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