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Global Hybrid Electric Vehicle Market 2016-2020

About Hybrid Electric Vehicle

HEVs represent the transformation of the global automotive industry. HEVs are an amalgamation of ICE vehicles and electric vehicles (EVs). Currently, traditional ICE vehicles dominate the industry due to their tested and proven engine mechanism, performance, and buyers' preferences. The production of HEVs started from the 19th century in Germany where Ferdinand Porsche made the first gasoline-electric hybrid automobile, the Lohner-Porsche Mixte. In 1905, Henri Pieper developed the historic HEV model, which had similar technology as the present one. This model from 1905 included an electric motor/generator, batteries, and a small engine. Batteries could be charged through electric motors while cruising at lower speeds. Wheels received power through both the motor and engine during extra torque requirements such as driving up a hill.

Technavio’s analysts forecast the global hybrid electric vehicle market to grow at a CAGR of 37.16% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global hybrid electric vehicle market for 2016-2020. To calculate the market size, the report includes the entire range of hybrid cars available in the market, with region-wise landscaping.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
Technavio's report, Global Hybrid Electric Vehicle Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Toyota
  • Hyundai
  • Honda
  • Ford
  • Nissan
Other prominent vendors
  • BMW
  • Chevrolet
  • Hyundai
  • Lexus
  • Porsche
  • Volkswagen
Market driver
  • Subsidies and tax rebates for HEVs to reduce dependency on petroleum products.
  • For a full, detailed list, view our report
Market challenge
  • Cost-to-weight ratio high for hybrid vehicles than ICE vehicles.
  • For a full, detailed list, view our report
Market trend
  • High-density, high-power, and small-size batteries.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Hybrid Electric Vehicle Market 2016-2020

Technavio recognizes the following companies as the key players in the global hybrid electric vehicle market: Toyota, Hyundai, Honda, Ford, and Nissan.

Other prominent vendors in the market are: Volkswagen, BMW, Chevrolet, Hyundai, Lexus, Porsche, and Volkswagen.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is international ZEV alliance by countries. The international Zero-Emission Vehicle (ZEV) alliance originated because of the EV and HEV production and the need to reduce GHG emissions in the transport sector. This alliance works in line with international and national emission reduction goals to counter consequences of climatic changes. This trend is rising due to the development and adoption of vehicle technologies that emit no tailpipe pollutants and can be powered by zero or near-zero emission levels. ZEVs in use today include battery-electric, plug-in hybrid, and fuel cell vehicles. These vehicles help improve the air quality and increase low-carbon development.”

According to the report, one of the primary drivers in the market is push toward adoption of green (eco-friendly) vehicles. On-road vehicles are one of the biggest contributors to air pollution, due to their immense CO₂ emissions. The CO₂ emission has been listed as the number one GHG that has been causing global warming and climatic changes. The main focus is reducing vehicular fuel consumption that contributes to the major GHG emissions. This measure is to curb unfavorable environmental impact. The development and adoption of green cars or vehicles are considered to be major solutions to reduce GHG levels in the atmosphere to an acceptable level. These vehicles run on only electricity, hybrid energy, and other power sources such as solar or wind energy or biofuels.

Further, the report states that one major challenge in the market is cost-to-weight ratio high for hybrid vehicles than ICE vehicles. Basic models of HEVs are costlier than ICE vehicles falling under the same category; HEVs basic model price difference range is $2,500-$4,000. For mid-luxury and other hybrid vehicles categories the price difference ranges from $5,000 to $10,000, which is also more than that of ICE vehicles in the same categories. Owing to the heavyweight of battery packs and supporting motors that are installed in HEVs, hybrid vehicles are 10%-20% heavier than their normal ICE models. Normally, it is 350-500 lbs. extra than that of a normal engine vehicle.

Companies Mentioned

Toyota, Hyundai, Honda, Ford, Nissan, Volkswagen, BMW, Chevrolet, Hyundai, Lexus, Porsche, Volkswagen.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Report coverage
      • Table Review period, exclusions, and methodology: Global HEV market
    • Top-vendor offerings
      • Table Product offerings: HEV major vendors
    • Other prominent vendors
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global passenger vehicle market 2015-2020 (unit sales in millions)
      • Table Global passenger vehicle market 2015
      • Table Global passenger vehicle market 2020
      • Table Global commercial vehicle market 2015-2020 (unit sales in thousands)
      • Table Hybrid EVs categories
      • Table Parallel hybrid mechanism
      • Table Series hybrid mechanism
      • Table Power-split hybrid mechanism
      • Table Start-up stage of full HEV
      • Table Normal speeding: Full HEV
      • Table Sudden acceleration: Full HEV
      • Table Sudden braking: Full HEV
      • Table Battery recharging: Full HEV
      • Table Comparison of full HEV and PHEV
      • Table Specifications of HEVs
      • Table Top PHEVs in market
      • Table Commercial HEV market 2015-2020 (unit sales in thousands)
    • Value chain analysis
      • Table Value chain analysis of global HEV market
    • Product life cycle
      • Table Product lifecycle of HEVs, 2015
    • Regulatory Framework
    • Hybrid system: Cost estimates
      • Table Average price estimate (in $) of hybrid system for Ford models
      • Table Hybrid price averages of top automotive manufacturers 2016 (in $)
      • Table Costing of various subsystems in mass-produced HEVs
  • Market landscape
    • Market overview
      • Table Market landscape of global HEVs market
    • Market size and forecast
      • Table Global HEV market 2015-2020 (unit sales in millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by degree of hybridization
    • Market overview
    • Market size and forecast
      • Table Global HEV market by degree of hybridization 2015-2020 (unit sales in millions)
      • Table Segmentation of global HEV market by degree of hybridization in 2015
      • Table Segmentation of global HEV market by degree of hybridization in 2020
      • Table Market size and forecast of full HEV 2015-2020 (unit sales in millions)
      • Table Market size and forecast of mild HEV 2015-2020 (unit sales in millions)
      • Table Market size and forecast of PHEV 2015-2020 (unit sales in millions)
  • Market segmentation by type of vehicle
    • Market overview
    • Market size and forecast
      • Table Global HEV market by vehicle type 2015-2020 (millions of units)
      • Table Global HEV market share by vehicle type 2015
      • Table Global market of entry level HEV 2015-2020 (unit sales in millions)
      • Table Global market of mid-luxury HEV 2015-2020 (unit sales in millions)
      • Table Global SUV HEVs market 2015-2020 (unit sales in millions)
      • Table Global commercial HEVs market 2015-2020 (unit sales in millions)
      • Table Global luxury sedan HEVs market 2015-2020 (unit sales in millions)
  • Geographical segmentation
    • Market overview
      • Table Global HEV market 2015 by geography
      • Table Global HEV market 2020 by geography
      • Table Global HEV market share by geography 2015-2020
    • Market in APAC
      • Table APAC: Key influencing factors
      • Table APAC HEV market 2015-2020 (unit sales in millions)
      • Table Japan HEV market 2015-2020 (unit sales in millions)
      • Table China HEV market 2015-2020 (unit sales in millions)
    • Market in North America
      • Table North America: Key influencing factors
      • Table HEV market in North America 2015-2020 (unit sales in millions)
      • Table HEV market in North America by hybrid type 2015-2020 (unit sales in millions)
    • Market in Europe
      • Table Europe: Key influencing factors
      • Table HEV market in Europe 2015-2020 (unit sales in millions)
      • Table HEV market by hybrid type Europe 2015-2020 (unit sales in millions)
  • Market drivers
    • Push toward adoption of green (eco-friendly) vehicles
    • Stringent regulations on emissions and fuel efficiency
      • Table CO2 emission reduction plan global 2015-2020
    • Subsidies and tax rebates for HEVs to reduce dependency on petroleum products
    • Charging infrastructures for PHEV
    • Reduction in Li-ion battery cost
  • Market challenges
    • High total cost of ownership of HEVs
    • Cost-to-weight ratio high for hybrid vehicles than ICE vehicles
    • Range anxiety, battery performance, and replacement schedule issues
    • Difficulty in adapting to changing weathers
  • Market trends
    • Fuel cell HEVs: Hydrogen as an upcoming alternative fuel
    • High-density, high-power, and small-size Li-ion batteries
    • International ZEV alliance by countries
  • Vendor landscape
    • Competitive benchmarking
      • Table Quality benchmarking of top vendors in HEV market
  • Key vendor analysis
    • Ford
      • Table Business segmentation by revenue 2015-2016
      • Table Geography segmentation by revenue: Ford 2016
      • Table Recent developments: Ford
    • Hyundai
      • Table Business segmentation by revenue 2015-2016
      • Table Geography segmentation by revenue 2016
      • Table Recent developments: Hyundai
    • Honda
      • Table Business segmentation by revenue 2015-2016
      • Table Geography segmentation by revenue 2016
      • Table Recent developments: Honda
    • Nissan
      • Table Recent developments: Nissan
    • Toyota
      • Table Geography segmentation by revenue 2016
      • Table Recent developments: Toyota
  • Appendix
    • List of abbreviations
  • Explore Technavio

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