Hybrid Vehicle Market Size & Share, by Hybrid Type (Micro-Hybrid, Mild-Hybrid, Full-Hybrid, Plug-In Hybrid); Drivetrain (Parallel Drivetrain, Series Drivetrain); Component Type (Battery, Electric Motor, Transmission); Vehicle Type (Passenger Cars, Commercial Vehicles) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4772
  • Published Date: Mar 30, 2023
  • Report Format: PDF, PPT

Companies Dominating the Hybrid Vehicle Landscape

    • Nissan Motor Co. Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Toyota Motor Corporation
    • Hyundai Motor Company
    • Kia India Pvt. Limited
    • Honda Motor Company Ltd.
    • Ford Motor Company
    • Continental AG
    • Mercedes- Benz AG
    • Audi AG
    • Renault S.A.S

Browse Key Market Insights with Data Illustration:


In The News

  • Ford Motor Company is ramping up production at North American plants to meet strong customer demand for vehicles including the Mustang Mach-E, F-150 Lightning, Bronco Sport and Maverick. The company is also preparing to launch all-new versions of four flagship vehicles in 2023: the Super Duty, Ranger, Mustang and Escape.

  • For years, the technology company Continental AG has been supporting an ecological and cost-effective electrification of 48 volts, which could be used in both gasoline and diesel engines. Before IAA 2019, Powertrain presented the latest innovation in its 48-volt drive solution: a 48-volt high-power drive system with a power output of 30 kW. A full hybrid car with 48-volt technology - this was previously considered impossible. In order for a hybrid vehicle to run on electricity only, the electrical part of the power train would typically use high voltage technology - high voltages of 800 volts. However, Continental engineers managed to develop a 48-volt hybrid system with similar characteristics to high-voltage electric drive, namely 48-volt high-power technology.

Author Credits:  Harshita Srivastava, Saima Khursheed

  • Report ID: 4772
  • Published Date: Mar 30, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are rise in petrol prices, growing government initiatives for the adoption of hybrid vehicles, surge in adoption of hybrid vehicles, and others.

The market size of hybrid vehicle is anticipated to attain a CAGR of 3% over the forecast period, i.e., 2023-2035.

High initial price, high maintenance and repair, and surge in adoption of FCEV & BEV are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Nissan Motor Co. Ltd., Toyota Motor Corporation, Hyundai Motor Company, Kia India Pvt. Limited, and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by hybrid type, drivetrain, component type, vehicle type and by region.

The commercial vehicles segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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