Europe Hybrid Vehicle Market Report and Forecast 2025-2034
Description
The Europe hybrid vehicle market attained a volume of 5.58 Million Units in 2024. The industry is expected to grow at a CAGR of 8.30% during the forecast period of 2025-2034 to attain a volume of 12.39 Million Units by 2034.
Europe Hybrid Vehicle Market Growth
Growth in the Europe hybrid vehicle market is boosted by full hybrid vehicles which feature more robust electric motors for enhanced performance.
Full hybrids are also called self-charging hybrids. They have a stronger electric motor and battery system than mild hybrids. Full hybrids can run on electricity only at slow speeds, usually while driving through cities or in heavy traffic. Based on current driving conditions, they smoothly switch between the internal combustion engine and the electric motor to reduce fuel consumption and emissions.
Hybrid vehicles in the domestic region are likely to do well given government subsidies and rising concerns among citizens regarding sustainability and climate change. As of May 2024, BMW planned to invest USD 2.8 billion in China.
Plug-in hybrid vehicles (PHEVs) provide the longest range of all kinds of hybrid cars that can be driven on electricity alone. This type of car has larger battery packs which can be recharged by plugging into an external electrical source such as a wall socket or charging station. As more charging stations appear throughout Europe together with incentives for buying EVs being offered by governments hybrid electric vehicles are likely to do well.
Europe Hybrid Vehicle Market Segmentation
Europe Hybrid Vehicle Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Electric Powertrain Type:
Parallel
Series-Parallel
Market Breakup by Hybrid Type:
Micro Hybrid
Mild Hybrid
Full Hybrid
Plug-in Hybrid
Market Breakup by Vehicle Type:
Passenger Cars
Commercial Vehicles
Market Breakup by Country:
Germany
United Kingdom
France
Italy
Others
Europe Hybrid Vehicle Market Share
Passenger cars lead growth in the hybrid vehicle market in Europe given that they are equipped with both an internal combustion engine and an electric motor, they are gaining popularity owing to increasing environmental awareness and government incentives along with stricter environmental regulations regarding emissions.
Leading companies in the Europe Hybrid Vehicle Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and capacity expansion.
BMW AG
Ford Motors Company
Mercedes Benz Group AG
Hyundai Motor Company
Kia Motors Corporation
Toyota Motor Corporation
Volvo AB
Volkswagen AG
Honda Motor Co. Ltd.
Nissan Motor Co. Ltd.
Dr. Ing. h.c. F. Porsche AG
Others
Growing outreach by major market players is largely due to technological advancements which help enhance battery energy density, charging efficiency, and battery longevity. Emphasis on sustainability and government incentives for the purchase of hybrid vehicles also helps the industry grow.
Europe Hybrid Vehicle Market Growth
Growth in the Europe hybrid vehicle market is boosted by full hybrid vehicles which feature more robust electric motors for enhanced performance.
Full hybrids are also called self-charging hybrids. They have a stronger electric motor and battery system than mild hybrids. Full hybrids can run on electricity only at slow speeds, usually while driving through cities or in heavy traffic. Based on current driving conditions, they smoothly switch between the internal combustion engine and the electric motor to reduce fuel consumption and emissions.
Hybrid vehicles in the domestic region are likely to do well given government subsidies and rising concerns among citizens regarding sustainability and climate change. As of May 2024, BMW planned to invest USD 2.8 billion in China.
Plug-in hybrid vehicles (PHEVs) provide the longest range of all kinds of hybrid cars that can be driven on electricity alone. This type of car has larger battery packs which can be recharged by plugging into an external electrical source such as a wall socket or charging station. As more charging stations appear throughout Europe together with incentives for buying EVs being offered by governments hybrid electric vehicles are likely to do well.
Europe Hybrid Vehicle Market Segmentation
Europe Hybrid Vehicle Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Electric Powertrain Type:
Parallel
Series-Parallel
Market Breakup by Hybrid Type:
Micro Hybrid
Mild Hybrid
Full Hybrid
Plug-in Hybrid
Market Breakup by Vehicle Type:
Passenger Cars
Commercial Vehicles
Market Breakup by Country:
Germany
United Kingdom
France
Italy
Others
Europe Hybrid Vehicle Market Share
Passenger cars lead growth in the hybrid vehicle market in Europe given that they are equipped with both an internal combustion engine and an electric motor, they are gaining popularity owing to increasing environmental awareness and government incentives along with stricter environmental regulations regarding emissions.
Leading companies in the Europe Hybrid Vehicle Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and capacity expansion.
BMW AG
Ford Motors Company
Mercedes Benz Group AG
Hyundai Motor Company
Kia Motors Corporation
Toyota Motor Corporation
Volvo AB
Volkswagen AG
Honda Motor Co. Ltd.
Nissan Motor Co. Ltd.
Dr. Ing. h.c. F. Porsche AG
Others
Growing outreach by major market players is largely due to technological advancements which help enhance battery energy density, charging efficiency, and battery longevity. Emphasis on sustainability and government incentives for the purchase of hybrid vehicles also helps the industry grow.
Table of Contents
130 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Hybrid Vehicle Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Hybrid Vehicle Historical Market (2018-2024)
- 5.3 Global Hybrid Vehicle Market Forecast (2025-2034)
- 5.4 Global Hybrid Vehicle Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Europe Hybrid Vehicle Market Overview
- 6.1 Key Industry Highlights
- 6.2 Europe Hybrid Vehicle Historical Market (2018-2024)
- 6.3 Europe Hybrid Vehicle Market Forecast (2025-2034)
- 7 Europe Hybrid Vehicle Market by Electric Powertrain Type
- 7.1 Parallel
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Series-Parallel
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 Europe Hybrid Vehicle Market by Hybrid Type
- 8.1 Micro Hybrid
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Mild Hybrid
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Full Hybrid
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Plug-in Hybrid
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 9 Europe Hybrid Vehicle Market by Vehicle Type
- 9.1 Passenger Cars
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Commercial Vehicles
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Europe Hybrid Vehicle Market by Country
- 10.1 Germany
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Kingdom
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 France
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Italy
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 BMW AG
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Ford Motors Company
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Mercedes Benz Group AG
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Hyundai Motor Company
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Kia Motors Corporation
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Toyota Motor Corporation
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Volvo AB
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Volkswagen AG
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Honda Motor Co. Ltd.
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Nissan Motor Co. Ltd.
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Dr. Ing. h.c. F. Porsche AG
- 12.5.11.1 Company Overview
- 12.5.11.2 Product Portfolio
- 12.5.11.3 Demographic Reach and Achievements
- 12.5.11.4 Certifications
- 12.5.12 Others
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