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Hybrid Electric Vehicle Market Size to Worth Around US$ 310.94 Billion by 2030

The global hybrid electric vehicle market size is expected to reach USD 310.94 Billion by 2030, with a CAGR of 20.86% from 2022 to 2030.

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global hybrid electric vehicle market was valued at around USD 56.52 billion in 2021 and is expected to register revenues worth USD 310.94 billion by the end of 2030, growing at an exceptional CAGR of approximately 20.86% between 2022 and 2030.

Hybrid Electric Vehicle

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Hybrid Electric Vehicle Market Report Scope

A recent study by Precedence Research on the hybrid electric vehicle market offers a forecast for 2022 and 2030. The study analyzes crucial trends that are currently determining the growth of the hybrid electric vehicle market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of hybrid electric vehicle. The study also provides the dynamics that are responsible for influencing the future status of the hybrid electric vehicle market over the forecast period.

A detailed assessment of the hybrid electric vehicle market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the hybrid electric vehicle market along with their product portfolio enhances the reliability of this comprehensive research study.

Competition Landscape

The report has engulfed a chapter on the global hybrid electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering hybrid electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

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Some of the Prominent Players in the Hybrid Electric Vehicle Market Include:
  • ZF
  • Delphi
  • BorgWarner
  • Continenta
  • Schaeffler
  • Ford
  • Toyota
  • Continental
  • Volvo
  • Honda
  • Hyundai
  • Daimler
  • Nissan
Hybrid Electric Vehicle Market Segmentation

By Type

  • Full Hybrids
  • Mild Hybrids
  • Plug-in Hybrids
  • Others

By Application

By Power Source

  • Stored Electricity HEVs
  • On-Board Electric Generator HEVs

By Powertrain

  • Series Hybrid Electric Vehicles
  • Parallel Hybrid Electric Vehicles
  • Combined Hybrid Electric Vehicles

By Vehicle

  • Hybrid Electric Passenger Cars
  • Commercial Hybrid Electric Vehicles
  • Hybrid Electric Two Wheelers
  • Other HEVs (Golf Cart, etc.)

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global hybrid electric vehicle market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the hybrid electric vehicle market.

The report includes country-wise and region-wise market size for the period 2022-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2022-2030.

Why should you invest in this report?

If you are aiming to enter the global hybrid electric vehicle market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for hybrid electric vehicle are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Hybrid Electric Vehicle Market 

5.1. COVID-19 Landscape: Hybrid Electric Vehicle Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Hybrid Electric Vehicle Market, By Type

8.1. Hybrid Electric Vehicle Market, by Type, 2022-2030

8.1.1. Full Hybrids

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Mild Hybrids

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Plug-in Hybrids

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Others

8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Hybrid Electric Vehicle Market, By Application

9.1. Hybrid Electric Vehicle Market, by Application, 2022-2030

9.1.1. Battery

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Electric Motor

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Transmission

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Hybrid Electric Vehicle Market, By Power Source 

10.1. Hybrid Electric Vehicle Market, by Power Source, 2022-2030

10.1.1. Stored Electricity HEVs

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. On-Board Electric Generator HEVs

10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Hybrid Electric Vehicle Market, By Powertrain

11.1. Hybrid Electric Vehicle Market, by Powertrain, 2022-2030

11.1.1. Series Hybrid Electric Vehicles

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Parallel Hybrid Electric Vehicles

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. Combined Hybrid Electric Vehicles

11.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Hybrid Electric Vehicle Market, By Vehicle

12.1. Hybrid Electric Vehicle Market, by Vehicle, 2022-2030

12.1.1. Hybrid Electric Passenger Cars

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. Commercial Hybrid Electric Vehicles

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. Hybrid Electric Two Wheelers

12.1.3.1. Market Revenue and Forecast (2017-2030)

12.1.4. Other HEVs (Golf Cart, etc.)

12.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Hybrid Electric Vehicle Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.2. Market Revenue and Forecast, by Application (2017-2030)

13.1.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.1.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.1.5. Market Revenue and Forecast, by Vehicle (2017-2030)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.1.6.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.1.6.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.1.7. Market Revenue and Forecast, by Vehicle (2017-2030)

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.1.8.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.1.8.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.1.8.5. Market Revenue and Forecast, by Vehicle (2017-2030)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.2.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.2.5. Market Revenue and Forecast, by Vehicle (2017-2030)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.6.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.2.7. Market Revenue and Forecast, by Powertrain (2017-2030)

13.2.8. Market Revenue and Forecast, by Vehicle (2017-2030)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.9.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.9.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.2.10. Market Revenue and Forecast, by Powertrain (2017-2030)

13.2.11. Market Revenue and Forecast, by Vehicle (2017-2030)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.12.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.12.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.2.12.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.2.13. Market Revenue and Forecast, by Vehicle (2017-2030)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.14.2. Market Revenue and Forecast, by Application (2017-2030)

13.2.14.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.2.14.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.2.15. Market Revenue and Forecast, by Vehicle (2017-2030)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.3.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.3.5. Market Revenue and Forecast, by Vehicle (2017-2030)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.6.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.3.6.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.3.7. Market Revenue and Forecast, by Vehicle (2017-2030)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.8.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.3.8.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.3.9. Market Revenue and Forecast, by Vehicle (2017-2030)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.10.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.10.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.3.10.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.3.10.5. Market Revenue and Forecast, by Vehicle (2017-2030)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.11.2. Market Revenue and Forecast, by Application (2017-2030)

13.3.11.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.3.11.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.3.11.5. Market Revenue and Forecast, by Vehicle (2017-2030)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.4.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.4.5. Market Revenue and Forecast, by Vehicle (2017-2030)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.6.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.4.6.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.4.7. Market Revenue and Forecast, by Vehicle (2017-2030)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.8.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.4.8.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.4.9. Market Revenue and Forecast, by Vehicle (2017-2030)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.10.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.10.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.4.10.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.4.10.5. Market Revenue and Forecast, by Vehicle (2017-2030)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.11.2. Market Revenue and Forecast, by Application (2017-2030)

13.4.11.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.4.11.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.4.11.5. Market Revenue and Forecast, by Vehicle (2017-2030)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.2. Market Revenue and Forecast, by Application (2017-2030)

13.5.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.5.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.5.5. Market Revenue and Forecast, by Vehicle (2017-2030)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.6.2. Market Revenue and Forecast, by Application (2017-2030)

13.5.6.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.5.6.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.5.7. Market Revenue and Forecast, by Vehicle (2017-2030)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.8.2. Market Revenue and Forecast, by Application (2017-2030)

13.5.8.3. Market Revenue and Forecast, by Power Source (2017-2030)

13.5.8.4. Market Revenue and Forecast, by Powertrain (2017-2030)

13.5.8.5. Market Revenue and Forecast, by Vehicle (2017-2030)

Chapter 14. Company Profiles

14.1. ZF

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Delphi

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. BorgWarner

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Continenta

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Schaeffler

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Ford

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Toyota

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Continental

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Volvo

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Honda

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Our repository covers consultation, syndicated market studies, and customized research reports. Through our services we aim at connecting an organization’s goal with lucrative prospects globally.

From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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