Light Duty Hybrid Vehicles Market is expected to reach US$ 2.93 Bn by 2029, at a CAGR of 8.5% during the forecast period.Light Duty Hybrid Vehicles Market Overview
Vehicles that operate on different fuels are hybrid vehicles, wherein some vehicles electric motors are fuse with an internal combustion engine. These electric hybrid vehicles are gaining more demand from automotive manufacturers, consumers and local governments as they do pollution-free. Various sources like solid combustibles, human-powered, CNG, LNG, hydrogen, electricity, electromagnetic fields, petrol, diesel wind and solar power are used in hybrid vehicles to operate smoothly. Light duty hybrid vehicle is an extension of electric vehicles as electric vehicles are used for the short-run in a single charge. Thus light-duty hybrid vehicles market is expected to drive growth globally as it provides more power and good range in a single go. The report covers the detailed analysis of the global light-duty hybrid vehicles industry with the classifications of the market on the basis of vehicle type, technology and region. Analysis of past market dynamics from 2018 to 2022 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.To know about the Research Methodology :- Request Free Sample Report The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. The manufacturing environment in each region is different and focus is given to the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.
Light Duty Hybrid Vehicles Market Dynamics
Government bodies have implemented stringent emission regulations due to growing awareness regarding the use of emission-free vehicles. The Government of India has implemented the Bharat Stage Emission Standards (BSES) that regulate the output of air pollutants from vehicles. The European Union has also implemented European emission standards that regulate the adequate limits for exhaust emissions and the US Department of Transportation has set the Corporate Average Fuel Economy (CAFE) standards for vehicles. Similarly high driving range, fast refuelling, noiseless operation, and zero-emission of greenhouse gases and air pollutants are the factors creating the demand for hybrid vehicles in light-duty applications. The growing logistics & transportation industry, and supply chain with the expanding e-commerce industry are fueling the light-duty hybrid vehicles market globally. Manufacturers are expected to face challenges in terms of battery design, higher cost of manufacturing, unavailability of spare parts globally and market domination by petroleum-powered vehicles cost. Likewise, product development, technological advancement that requires a high amount of capital, research & development activities, employment of high skilled manpower and patent-related issues are some of the factors expected to hinder the growth of the light-duty hybrid vehicles during the forecast period.Light Duty Hybrid Vehicles Market Segmentation Analysis
By Vehicle Type, the light-duty hybrid vehicles are segmented into hatchback cars, bikes and others. Among these hatchbacks, the cars segment accounted for a significant market share in 2022 and is expected to grow at a steady rate over the forecast period. The factors considered for growing this segment are the growing adoption of passenger cars by officials of the tourism, healthcare and e-commerce industries. By Technology, light-duty hybrid vehicles are segmented as human-electric powered vehicles, petroleum-electric powered vehicles, and bio-fuel-petroleum powered vehicles. The human-electric powered vehicles segment is expected to register the highest CAGR over the forecast period due to the growing demand for high-performance and emission-free vehicles. Thus, rising stringency in emission norms for vehicles is driving OEMs to manufacture electric vehicles as they emit fewer greenhouse gases than other vehicles are expected to drive the growth of the human-electric powered vehicles globally. North America is estimated to reach a significant CAGR of 27.4% in the light-duty hybrid vehicle market due to the growing adoption of an electric vehicle with the government initiatives for the adoption of electric vehicle for reduction of emission. Similarly, the Asia Pacific and Europe accounted for a 74.7% share in 2022 and is estimated to be the largest and fastest-growing market due to growth in key countries such as China, Japan, India, and South Korea. The factors like growing electric vehicle charging infrastructure and the possibility of cost reduction are expected to drive the growth of light-duty hybrid vehicles in the region. Also, Germany is a significant light-duty hybrid vehicle market as it is the fourth-largest passenger vehicle market in the world.Light Duty Hybrid Vehicles Market Scope: Inquire before buying
Light Duty Hybrid Vehicles Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 1.65 Bn. Forecast Period 2023 to 2029 CAGR: 8.5% Market Size in 2029: US $ 2.93 Bn. Segments Covered: by Vehicle Type Hatchback cars Bikes Others by Technology Human-electric powered vehicles Petroleum-electric powered vehicles Bio-fuel-petroleum powered vehicles by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Light Duty Hybrid Vehicles Market Key Players
1. Volvo (Geely) 2. National Electric Vehicle Sweden AB 3. Toyota Motor Corporation 4. BYD Auto Co., Ltd 5. Bayerische Motoren Werke AG (BMW) 6. Chrysler Group LLC 7. Ford Motor Company 8. Daimler-Benz AG 9. General Motors Company 10. Nissan Motor Co., Ltd 11. Hyundai Motor Group- Kia Motors Corporation (Hyundai-Kia) 12. Porsche (Volkswagen Group) 13. PSA Peugeot Citroën 14. Audi – Bentley (Volkswagen Group) 15. Changan Automobile Company Limited 16. Honda Motor Company, Ltd 17. TATA (Jagaur Land Rover) 18. Mazda Motor Corporation 19. Mitsubishi Corporation (Mitsubishi Motors) and Chery Frequently Asked Questions: 1. Which region has the largest share in Global Light Duty Hybrid Vehicles Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Market? Ans: The Global market is growing at a CAGR of 8.5% during forecasting period 2023-2029. 3. What is scope of the GlobalMarket report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What was the Global Market size in 2022? Ans: The Global market was valued at US$ 1.65 Bn. In 2022. 5. What is the study period of this Market? Ans: The Global Light Duty Hybrid Vehicles Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Light Duty Hybrid Vehicles Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Light Duty Hybrid Vehicles Market 3.4. Geographical Snapshot of the Light Duty Hybrid Vehicles Market, By Manufacturer share 4. Global Light Duty Hybrid Vehicles Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Light Duty Hybrid Vehicles Market 5. Supply Side and Demand Side Indicators 6. Global Light Duty Hybrid Vehicles Market Analysis and Forecast, 2022-2029 6.1. Global Light Duty Hybrid Vehicles Market Size & Y-o-Y Growth Analysis. 7. Global Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.1.1. Hatchback cars 7.1.2. Bikes 7.1.3. Others 7.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 7.2.1. Human-electric powered vehicles 7.2.2. Petroleum-electric powered vehicles 7.2.3. Bio-fuel-petroleum powered vehicles 8. Global Light Duty Hybrid Vehicles Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 9.1.1. Hatchback cars 9.1.2. Bikes 9.1.3. Others 9.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 9.2.1. Human-electric powered vehicles 9.2.2. Petroleum-electric powered vehicles 9.2.3. Bio-fuel-petroleum powered vehicles 10. North America Light Duty Hybrid Vehicles Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 12. Canada Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 13. Mexico Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 14. Europe Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 15. Europe Light Duty Hybrid Vehicles Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 17. France Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 18. Germany Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 19. Italy Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 20. Spain Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 21. Sweden Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 22. CIS Countries Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 23. Rest of Europe Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 24. Asia Pacific Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 25. Asia Pacific Light Duty Hybrid Vehicles Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 27. India Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 28. Japan Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 29. South Korea Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 30. Australia Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 31. ASEAN Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 32. Rest of Asia Pacific Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 33. Middle East Africa Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 34. Middle East Africa Light Duty Hybrid Vehicles Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 36. GCC Countries Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 37. Egypt Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 38. Nigeria Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 39. Rest of ME&A Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 40. South America Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 41. South America Light Duty Hybrid Vehicles Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 43. Argentina Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 44. Rest of South America Light Duty Hybrid Vehicles Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Light Duty Hybrid Vehicles Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Volvo 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Volvo (Geely) 45.5. National Electric Vehicle Sweden AB 45.6. Toyota Motor Corporation 45.7. BYD Auto Co., Ltd 45.8. Bayerische Motoren Werke AG (BMW) 45.9. Chrysler Group LLC 45.10. Ford Motor Company 45.11. Daimler-Benz AG 45.12. General Motors Company 45.13. Nissan Motor Co., Ltd 45.14. Hyundai Motor Group- Kia Motors Corporation (Hyundai-Kia) 45.15. Porsche (Volkswagen Group) 45.16. PSA Peugeot Citroën 45.17. Audi – Bentley (Volkswagen Group) 45.18. Changan Automobile Company Limited 45.19. Honda Motor Company, Ltd 45.20. TATA (Jagaur Land Rover) 45.21. Mazda Motor Corporation 45.22. Mitsubishi Corporation (Mitsubishi Motors) and Chery 46. Primary Key Insights