Global Hybrid Commercial Vehicle Market 2020-2024

Global Hybrid Commercial Vehicle Market 2020-2024

Technavio has been monitoring the hybrid commercial vehicle market and it is poised to grow by 68.43 thousand units during 2020-2024 progressing at a CAGR of 8% during the forecast period. Our reports on hybrid commercial vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the decreasing prices of lithium-ion battery boost adoption of electric vehicles (EVs), increasing government support to promote EVs, and government efforts and stringent regulations on emissions. In addition, decreasing prices of lithium-ion battery boost adoption of electric vehicles (EVs) is anticipated to boost the growth of the market as well.

The hybrid commercial vehicle market analysis includes type segment and geographic landscapes

Technavio's hybrid commercial vehicle market is segmented as below:

By Type

  • LCVs
  • M&HCVs
By Geographic Landscapes
  • APAC
  • North America
  • Europe
  • South America
  • MEA
This study identifies the small-sized li-ion batteries with high density and high power as one of the prime reasons driving the hybrid commercial vehicle market growth during the next few years. Also, advances in thermal management technology, and backward integration by EV manufacturers to produce in-house electric powertrain will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our hybrid commercial vehicle market covers the following areas:
  • Hybrid commercial vehicle market sizing
  • Hybrid commercial vehicle market forecast
  • Hybrid commercial vehicle market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid commercial vehicle market vendors that include AB Volvo, CNH Industrial NV, Daimler AG, Dongfeng Motor Group Co. Ltd., Ford Motor Co., Hino Motors Ltd., Navistar International Corp., PACCAR Inc., Tata Motors Ltd., and Volkswagen AG. Also, the hybrid commercial vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis
      • Inputs
      • Inbound logistics
      • Automobile manufacturers
      • Distribution and logistics
      • Marketing and sales
      • Aftermarket and service
      • Industry innovations:
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019-2024
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2019-2024 (thousand units)
        • Table Global market: Year-over-year growth 2019-2024 (%)
        • Table Global hybrid commercial vehicle market 2019-2024 (thousand units), exclusive of COVID-19 impact
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Type
    • Market segments
      • Table Type - Market share 2019-2024 (%)
    • Comparison by Type
      • Table Comparison by Type
    • LCVs - Market size and forecast 2019-2024
      • Table LCVs - Market size and forecast 2019-2024 (thousand units)
      • Table LCVs - Year-over-year growth 2019-2024 (%)
      • Table LCVs segment of global hybrid commercial vehicle market 2019-2024 (thousand units), exclusive of COVID-19 impact
    • M and HCVs - Market size and forecast 2019- 2024
      • Table M and HCVs - Market size and forecast 2019-2024 (thousand units)
      • Table M and HCVs - Year-over-year growth 2019-2024 (%)
      • Table M and HCVs segment of global hybrid commercial vehicle market 2019-2024 (thousand units), exclusive of COVID-19 impact
    • Market opportunity by Type
      • Table Market opportunity by Type
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 (thousand units)
      • Table APAC - Year-over-year growth 2019-2024 (%)
      • Table Hybrid commercial vehicle market in APAC 2019-2024 (thousand units), exclusive of COVID-19 impact
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 (thousand units)
      • Table North America - Year-over-year growth 2019-2024 (%)
      • Table Hybrid commercial vehicle market in North America 2019-2024 (thousand units), exclusive of COVID-19 impact
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (thousand units)
      • Table Europe - Year-over-year growth 2019-2024 (%)
      • Table Hybrid commercial vehicle market in Europe 2019-2024 (thousand units), exclusive of COVID-19 impact
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 (thousand units)
      • Table South America - Year-over-year growth 2019-2024 (%)
      • Table Hybrid commercial vehicle market in South America 2019-2024 (thousand units), exclusive of COVID-19 impact
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (thousand units)
      • Table MEA - Year-over-year growth 2019-2024 (%)
      • Table Hybrid commercial vehicle market in MEA 2019-2024 (thousand units), exclusive of COVID-19 impact
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography (thousand units)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Government efforts and stringent regulations on emissions
      • Increasing government support to promote EVs
      • Decreasing prices of lithium-ion battery boost adoption of EVs
    • Market challenges
      • High upfront cost of hybrid CVs
      • Consumer reluctance to purchase EVs due to range anxiety and battery replacement issues
      • Insufficient charging infrastructure
        • Table Impact of drivers and challenges
    • Market trends
      • Backward integration by EV manufacturers to produce in-house electric powertrain
      • Advances in thermal management technology
      • Small-sized Li-ion batteries with high density and high power
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AB Volvo
      • Table AB Volvo - Overview
      • Table AB Volvo - Business segments
      • Table AB Volvo - Key news
      • Table AB Volvo - Key offerings
      • Table AB Volvo - Segment focus
    • CNH Industrial NV
      • Table CNH Industrial NV - Overview
      • Table CNH Industrial NV - Business segments
      • Table CNH Industrial NV - Key news
      • Table CNH Industrial NV - Key offerings
      • Table CNH Industrial NV - Segment focus
    • Daimler AG
      • Table Daimler AG - Overview
      • Table Daimler AG - Business segments
      • Table Daimler AG - Key news
      • Table Daimler AG - Key offerings
      • Table Daimler AG - Segment focus
    • Dongfeng Motor Group Co. Ltd.
      • Table Dongfeng Motor Group Co. Ltd. - Overview
      • Table Dongfeng Motor Group Co. Ltd. - Business segments
      • Table Dongfeng Motor Group Co. Ltd. - Key news
      • Table Dongfeng Motor Group Co. Ltd. - Key offerings
      • Table Dongfeng Motor Group Co. Ltd. - Segment focus
    • Ford Motor Co.
      • Table Ford Motor Co. - Overview
      • Table Ford Motor Co. - Business segments
      • Table Ford Motor Co. - Key news
      • Table Ford Motor Co. - Key offerings
      • Table Ford Motor Co. - Segment focus
    • Hino Motors Ltd.
      • Table Hino Motors Ltd. - Overview
      • Table Hino Motors Ltd. - Business segments
      • Table Hino Motors Ltd. - Key news
      • Table Hino Motors Ltd. - Key offerings
      • Table Hino Motors Ltd. - Segment focus
    • Navistar International Corp.
      • Table Navistar International Corp. - Overview
      • Table Navistar International Corp. - Business segments
      • Table Navistar International Corp. - Key news
      • Table Navistar International Corp. - Key offerings
      • Table Navistar International Corp. - Segment focus
    • PACCAR Inc.
      • Table PACCAR Inc. - Overview
      • Table PACCAR Inc. - Business segments
      • Table PACCAR Inc. - Key news
      • Table PACCAR Inc. - Key offerings
      • Table PACCAR Inc. - Segment focus
    • Tata Motors Ltd.
      • Table Tata Motors Ltd. - Overview
      • Table Tata Motors Ltd. - Business segments
      • Table Tata Motors Ltd. - Key news
      • Table Tata Motors Ltd. - Key offerings
      • Table Tata Motors Ltd. - Segment focus
    • Volkswagen AG
      • Table Volkswagen AG - Overview
      • Table Volkswagen AG - Business segments
      • Table Volkswagen AG - Key news
      • Table Volkswagen AG - Key offerings
      • Table Volkswagen AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and Caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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