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ハイブリッド電気自動車市場レポート:推進タイプ、構成タイプ、車両タイプ、動力源、地域別、2024-2032

Hybrid Electric Vehicle Market Report by Propulsion Type, Configuration Type, Vehicle Type, Power Source, and Region 2024-2032

出版日: | 発行: IMARC | ページ情報: 英文 143 Pages | 納期: 2~3営業日

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価格
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本日の銀行送金レート: 1USD=156.76円
ハイブリッド電気自動車市場レポート:推進タイプ、構成タイプ、車両タイプ、動力源、地域別、2024-2032
出版日: 2024年03月02日
発行: IMARC
ページ情報: 英文 143 Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

ハイブリッド電気自動車の市場規模は2023年に1,000万台に達しました。IMARC Groupは、2032年には9,850万台に達し、2024~2032年の成長率(CAGR)は28%になると予測しています。ハイブリッド電気自動車(HEV)の環境面での利点に対する消費者の意識の高まり、より環境に優しい選択肢を選ぶよう消費者に促す社会的責任感の高まり、先進技術の登場などが市場成長を促進する主な要因となっています。

ハイブリッド電気自動車(HEV)は、内燃機関と電気推進システムの両方の特徴を併せ持つ自動車技術です。基本的に、ハイブリッド車にはガソリンエンジンと電気モーターの両方があり、それらが調和して機能することで燃料効率を最適化し、排出ガスを削減します。電気モーターは主に市街地などの低速走行時に機能し、燃料を節約します。ガソリン・エンジンは、高速道路走行などの高速走行時に作動します。このように両システムをシームレスに統合することで、従来のガソリンのみの車に比べて燃費を向上させることができます。さらに、ハイブリッド車には回生ブレーキが採用されていることが多いです。回生ブレーキは、通常ブレーキ時に失われるエネルギーを回収し、将来の使用のためにバッテリーに蓄えるメカニズムです。全体として、ハイブリッド電気自動車は性能を犠牲にすることなく、より環境に優しいドライビング体験を提供します。ハイブリッド電気自動車は、完全な電気自動車と従来の自動車とのギャップを埋め、消費者に環境保全と運転の実用性の両方をサポートするバランスの取れた選択肢を提供します。

世界市場を牽引しているのは、主にガソリンとディーゼルのコスト高騰であり、その結果、消費者はより燃費の良い交通手段を求めています。これに加え、ハイブリッド電気自動車(HEV)の環境面での利点に対する消費者の意識の高まりも、市場を牽引する重要な要因となっています。情報に容易にアクセスできるようになるにつれ、消費者は二酸化炭素排出量や、移動手段を含む自分の選択が環境にどのような影響を与えるかについて知識を深めています。このような社会的責任感の高まりは、消費者がより環境に優しい選択肢を選ぶことを促し、市場にさらなる影響を与えています。さらに、ハイブリッド車を含むあらゆる電気自動車の普及には、充電インフラの拡大が欠かせないです。政府と民間部門は、より広範囲に分散し、急速充電機能を提供する充電ステーションの開発に投資しています。このようなインフラの増加は、航続距離への不安や充電の利便性といった懸念を和らげ、消費者にとってHEVがより現実的な選択肢となります。したがって、充電インフラが利用しやすくなることは、HEV普及率の上昇に直結し、市場成長を促進します。さらに、Vehicle-to-Grid(V2G)のような技術の登場は、市場の前向きな見通しを生み出しています。

ハイブリッド電気自動車市場の動向と促進要因:

環境問題への関心の高まり

ハイブリッド電気自動車(HEV)業界の市場促進要因のひとつは、環境悪化、特に気候変動と大気汚染に対する懸念の高まりです。従来の内燃機関自動車は、温室効果ガスの排出や二酸化炭素(CO2)、窒素酸化物(NOx)、粒子状物質を含む大気汚染物質の重大な原因となっています。そのため、世界中の政府や団体が、よりクリーンで持続可能な交通手段を求めています。内燃機関と電気推進システムを組み合わせたハイブリッド電気自動車は、実行可能な解決策を提供します。ハイブリッド電気自動車は、ガソリン車と比較して排出ガスが少なく、燃料効率も高いです。モデルによっては、規制機関の定める厳しい排ガス基準を満たすものさえあります。環境維持に対する社会の意識が高まるにつれ、消費者はますます環境に優しい選択に傾きつつあり、HEVの市場は堅調に推移しています。

政府のインセンティブと政策

ハイブリッド電気自動車市場のもう一つの大きな促進要因は、よりクリーンな交通手段の選択肢を奨励することを目的とした、政府のさまざまなインセンティブと政策です。様々な国がHEV購入に対して税制上の優遇措置、補助金、助成金を提供しており、消費者にとって経済的に魅力的なものとなっています。例えば、いくつかの国は運輸部門からの排出量を削減する野心的な目標を設定し、金銭的・非金銭的なインセンティブを通じてHEVの使用を積極的に促進しています。このように、これは市場を大きく支えています。このような政策措置は、ハイブリッド電気自動車を一般消費者にとってより身近なものにし、メーカーがHEV技術に投資するための触媒として機能することで、市場成長を促進しています。

バッテリー技術の進歩

バッテリー技術は過去10年間で大幅に改善され、ハイブリッド電気自動車産業にとって重要な原動力となっています。これに伴い、リチウムイオン電池の進歩は、エネルギー密度の向上、充電時間の短縮、寿命の延長につながり、自動車用途により適したものとなっています。こうした技術の飛躍は、ハイブリッド電気自動車の性能と信頼性を向上させ、航続距離への不安など、潜在的な購入者が以前抱いていたかもしれない主な懸念のいくつかに対処しています。バッテリー技術の改良が進むにつれて、HEVの効率とコスト効率がさらに向上し、消費者の普及と市場の拡大がさらに促進されるものと思われます。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 ハイブリッド電気自動車の世界市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳:推進タイプ別

  • フルハイブリッド
    • 市場動向
    • 市場予測
  • マイルドハイブリッド
    • 市場動向
    • 市場予測
  • プラグインハイブリッド
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第7章 市場内訳:構成タイプ別

  • シリーズHEV
    • 市場動向
    • 市場予測
  • パラレルHEV
    • 市場動向
    • 市場予測
  • コンビネーションHEV
    • 市場動向
    • 市場予測

第8章 市場内訳:車両タイプ別

  • 乗用車
    • 市場動向
    • 市場予測
  • 商用車
    • 市場動向
    • 市場予測
  • 二輪車
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第9章 市場内訳:動力源別

  • 貯蔵電力
    • 市場動向
    • 市場予測
  • 車載発電機
    • 市場動向
    • 市場予測

第10章 市場内訳:地域別

  • 北米
    • 米国
      • 市場動向
      • 市場予測
    • カナダ
      • 市場動向
      • 市場予測
  • アジア太平洋
    • 中国
      • 市場動向
      • 市場予測
    • 日本
      • 市場動向
      • 市場予測
    • インド
      • 市場動向
      • 市場予測
    • 韓国
      • 市場動向
      • 市場予測
    • オーストラリア
      • 市場動向
      • 市場予測
    • インドネシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 欧州
    • ドイツ
      • 市場動向
      • 市場予測
    • フランス
      • 市場動向
      • 市場予測
    • 英国
      • 市場動向
      • 市場予測
    • イタリア
      • 市場動向
      • 市場予測
    • スペイン
      • 市場動向
      • 市場予測
    • ロシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • ラテンアメリカ
    • ブラジル
      • 市場動向
      • 市場予測
    • メキシコ
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 中東・アフリカ地域
    • 市場動向
    • 市場内訳:国別
    • 市場予測

第11章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第14章 価格指標

第15章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Toyota Motor Corporation
    • Honda Motor Co. Ltd.
    • Ford Motor Company
    • Volkswagen Aktiengesellschaft
    • General Motors Company
    • Hyundai Motor Company
    • Nissan Motor Corporation Ltd.
図表

List of Figures

  • Figure 1: Global: Hybrid Electric Vehicle Market: Major Drivers and Challenges
  • Figure 2: Global: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018-2023
  • Figure 3: Global: Hybrid Electric Vehicle Market: Sales Value (in Billion US$), 2018-2023
  • Figure 4: Global: Hybrid Electric Vehicle Market: Breakup by Propulsion Type (in %), 2023
  • Figure 5: Global: Hybrid Electric Vehicle Market: Breakup by Configuration Type (in %), 2023
  • Figure 6: Global: Hybrid Electric Vehicle Market: Breakup by Vehicle Type (in %), 2023
  • Figure 7: Global: Hybrid Electric Vehicle Market: Breakup by Power Source (in %), 2023
  • Figure 8: Global: Hybrid Electric Vehicle Market: Breakup by Region (in %), 2023
  • Figure 9: Global: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 10: Global: Hybrid Electric Vehicle Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 11: Global: Hybrid Electric Vehicle (Full Hybrids) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 12: Global: Hybrid Electric Vehicle (Full Hybrids) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 13: Global: Hybrid Electric Vehicle (Mild Hybrids) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 14: Global: Hybrid Electric Vehicle (Mild Hybrids) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 15: Global: Hybrid Electric Vehicle (Plug-in Hybrids) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 16: Global: Hybrid Electric Vehicle (Plug-in Hybrids) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 17: Global: Hybrid Electric Vehicle (Others) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 18: Global: Hybrid Electric Vehicle (Others) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 19: Global: Hybrid Electric Vehicle (Series HEV) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 20: Global: Hybrid Electric Vehicle (Series HEV) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 21: Global: Hybrid Electric Vehicle (Parallel HEV) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 22: Global: Hybrid Electric Vehicle (Parallel HEV) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 23: Global: Hybrid Electric Vehicle (Combination HEV) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 24: Global: Hybrid Electric Vehicle (Combination HEV) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 25: Global: Hybrid Electric Vehicle (Passenger Cars) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 26: Global: Hybrid Electric Vehicle (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 27: Global: Hybrid Electric Vehicle (Commercial Vehicles) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 28: Global: Hybrid Electric Vehicle (Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 29: Global: Hybrid Electric Vehicle (Two Wheelers) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 30: Global: Hybrid Electric Vehicle (Two Wheelers) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 31: Global: Hybrid Electric Vehicle (Others) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 32: Global: Hybrid Electric Vehicle (Others) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 33: Global: Hybrid Electric Vehicle (Stored Electricity) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 34: Global: Hybrid Electric Vehicle (Stored Electricity) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 35: Global: Hybrid Electric Vehicle (On Board Electric Generator) Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 36: Global: Hybrid Electric Vehicle (On Board Electric Generator) Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 37: North America: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 38: North America: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 39: United States: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 40: United States: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 41: Canada: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 42: Canada: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 43: Asia Pacific: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 44: Asia Pacific: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 45: China: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 46: China: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 47: Japan: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 48: Japan: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 49: India: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 50: India: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 51: South Korea: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 52: South Korea: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 53: Australia: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 54: Australia: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 55: Indonesia: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 56: Indonesia: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 57: Others: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 58: Others: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 59: Europe: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 60: Europe: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 61: Germany: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 62: Germany: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 63: France: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 64: France: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 65: United Kingdom: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 66: United Kingdom: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 67: Italy: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 68: Italy: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 69: Spain: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 70: Spain: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 71: Russia: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 72: Russia: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 73: Others: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 74: Others: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 75: Latin America: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 76: Latin America: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 77: Brazil: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 78: Brazil: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 79: Mexico: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 80: Mexico: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 81: Others: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 82: Others: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 83: Middle East and Africa: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2018 & 2023
  • Figure 84: Middle East and Africa: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 85: Global: Hybrid Electric Vehicle Industry: SWOT Analysis
  • Figure 86: Global: Hybrid Electric Vehicle Industry: Value Chain Analysis
  • Figure 87: Global: Hybrid Electric Vehicle Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Hybrid Electric Vehicle Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Propulsion Type (in Million Units), 2024-2032
  • Table 3: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Configuration Type (in Million Units), 2024-2032
  • Table 4: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Vehicle Type (in Million Units), 2024-2032
  • Table 5: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Power Source (in Million Units), 2024-2032
  • Table 6: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Region (in Million Units), 2024-2032
  • Table 7: Global: Hybrid Electric Vehicle Market: Competitive Structure
  • Table 8: Global: Hybrid Electric Vehicle Market: Key Players
目次
Product Code: SR112024A1944

The hybrid electric vehicle market size reached 10.0 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 98.5 Million Units by 2032, exhibiting a growth rate (CAGR) of 28% during 2024-2032. The escalating consumer awareness about the environmental benefits of hybrid electric vehicles (HEVs), rising sense of social responsibility encouraging consumers to opt for greener alternatives, and the advent of advanced technologies are among the key factors driving the market growth.

A hybrid electric vehicle (HEV) is an automotive technology that combines the features of both internal combustion engines and electric propulsion systems. Essentially, a hybrid vehicle has both a gasoline engine and an electric motor that work in harmony to optimize fuel efficiency and reduce emissions. The electric motor primarily functions during low-speed driving, such as in city traffic, to conserve fuel. The gasoline engine kicks in during higher-speed activities, such as highway driving. This seamless integration of both systems allows the vehicle to achieve better mileage compared to traditional gasoline-only cars. Additionally, hybrid vehicles often employ regenerative braking, a mechanism that captures the energy usually lost during braking and stores it in the battery for future use. Overall, hybrid electric vehicles offer a more eco-friendly driving experience without sacrificing performance. They bridge the gap between fully electric vehicles and conventional cars, providing consumers with a balanced choice that supports both environmental conservation and driving utility.

The global market is primarily driven by the escalating costs of gasoline and diesel resulting in consumers seeking more fuel-efficient transportation options. Along with this, the rising consumer awareness about the environmental benefits of hybrid electric vehicles (HEVs) is another significant factor driving the market. As information becomes more readily accessible, consumers are becoming more educated about their carbon footprint and how their choices, including their mode of transport, impact the environment. This heightened sense of social responsibility encourages consumers to opt for greener alternatives, further impacting the market. In addition, the expansion of charging infrastructure is crucial for the adoption of any electric vehicle, including hybrids. Governments and private sectors are investing in the development of charging stations that are more widely dispersed and offer fast-charging capabilities. This growth in infrastructure eases the concerns of range anxiety and charging convenience, making HEVs a more practical choice for consumers. Therefore, the increased availability of charging infrastructure directly correlates with higher HEV adoption rates, driving market growth. Moreover, the advent of technologies such as Vehicle-to-Grid (V2G) is creating a positive market outlook.

Hybrid Electric Vehicle Market Trends/Drivers:

Increasing Environmental Concerns

One of the primary market drivers for the hybrid electric vehicle (HEV) industry is the growing concern over environmental degradation, specifically climate change and air pollution. Traditional internal combustion engine vehicles are significant contributors to greenhouse gas emissions and air pollutants, including carbon dioxide (CO2), nitrogen oxides (NOx), and particulate matter. As a result, governments and organizations worldwide are pushing for cleaner, more sustainable modes of transport. Hybrid electric vehicles, which combine internal combustion engines with electric propulsion systems, offer a viable solution. They produce fewer emissions and are more fuel-efficient compared to their gasoline-only counterparts. Some models even meet the stringent emission standards set by regulatory bodies. As public awareness around environmental sustainability grows, consumers are increasingly leaning towards eco-friendly choices, providing a robust market for HEVs.

Government Incentives and Policies

Another major driver in the hybrid electric vehicle market is the range of government incentives and policies aimed at encouraging cleaner transportation options. Various countries offer tax incentives, grants, and subsidies for purchasing HEVs, making them more financially appealing to consumers. For instance, several countries have set ambitious targets for reducing emissions from the transportation sector and are actively promoting the use of HEVs through financial and non-financial incentives. Thus, this is significantly supporting the market. These policy measures make hybrid electric vehicles more accessible to the average consumer and act as a catalyst for manufacturers to invest in HEV technologies, thereby driving market growth.

Advancements in Battery Technology

Battery technology has seen significant improvements over the past decade, which is a crucial driver for the hybrid electric vehicle industry. Along with this, advancements in lithium-ion batteries have led to higher energy density, quicker charging times, and longer lifespan, making them more suitable for automotive use. These technological leaps have enhanced the performance and reliability of hybrid electric vehicles, addressing some of the primary concerns potential buyers may have had earlier, such as range anxiety. As battery technology continues to improve, it is likely that HEVs will become even more efficient and cost-effective, further driving consumer adoption and market expansion.

Hybrid Electric Vehicle Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the hybrid electric vehicle market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on propulsion type, configuration type, vehicle type and power source.

Breakup by Propulsion Type:

Full Hybrids

Mild Hybrids

Plug-in Hybrids

Others

Plug-in hybrids hold the largest market share

The report has provided a detailed breakup and analysis of the market based on the propulsion type. This includes full hybrids, mild hybrids, plug-in hybrids, and others. According to the report, plug-in hybrids accounted for the largest market share.

The plug-in hybrid electric vehicle (PHEV) segment within the hybrid electric vehicle industry is experiencing significant growth, driven by several market forces. The flexibility that PHEVs offer in terms of fueling options is significantly supporting the market. Unlike traditional hybrids, PHEVs can be charged from an electrical outlet, allowing for a longer electric-only driving range, which is particularly appealing for daily commutes or short trips. This reduces the reliance on gasoline, offering significant cost savings for consumers and contributing to lower greenhouse gas emissions. Additionally, advancements in charging infrastructure, such as the proliferation of fast-charging stations, have made it more convenient for PHEV owners to recharge, thereby reducing range anxiety. Government policies also play a substantial role; many countries offer attractive incentives for PHEVs, including tax rebates, subsidies, and exemptions from road taxes or congestion charges. These drivers are further supported by rising consumer awareness about the environmental benefits of PHEVs, making them an increasingly popular choice among eco-conscious buyers.

Breakup by Configuration Type:

Series HEV

Parallel HEV

Combination HEV

Parallel HEV accounts for the majority of the market share

A detailed breakup and analysis of the market based on the configuration type has also been provided in the report. This includes series HEV, parallel HEV, and combination HEV. According to the report, parallel HEV accounted for the largest market share.

Parallel hybrid electric vehicles (HEVs) are gaining traction in the automotive market, fueled by several influential factors. Additionally, the growing adoption of parallel HEVs is their mechanical simplicity and efficiency. In a parallel configuration, both the internal combustion engine and the electric motor are connected to the vehicle's transmission, allowing them to work together more seamlessly. This results in better fuel efficiency and performance, particularly in highway driving conditions where the internal combustion engine is most efficient. The design also allows for a more straightforward and less expensive manufacturing process, making these vehicles more affordable for the average consumer. Government policies that favor low-emission vehicles provide additional impetus, with various incentives such as tax credits, subsidies, and exemptions from emission-related restrictions boosting their market appeal. Furthermore, consumer preference for more fuel-efficient and eco-friendly vehicles aligns well with the capabilities of parallel HEVs, thereby augmenting their market growth.

Breakup by Vehicle Type:

Passenger Cars

Commercial Vehicles

Two-Wheelers

Others

Passenger cars hold the largest market share

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger cars, commercial vehicles, two-wheelers, and others. According to the report, passenger cars accounted for the largest market share.

The passenger cars segment is a pivotal part of the hybrid electric vehicle (HEV) industry, propelled by the escalating demand for fuel-efficient, eco-friendly options in personal transportation. This makes HEVs an appealing choice for daily commuting and long-distance travel. Along with this, government incentives such as tax rebates, grants, and low-interest loans specifically targeted at individual consumers buying HEVs are significantly driving adoption rates. In addition, the rising fuel costs are another concern for the average car owner, and the improved fuel efficiency of hybrid passenger cars offers a compelling economic advantage. Urbanization, coupled with increasing traffic congestion in cities, also favors the adoption of hybrid passenger cars, which operate more efficiently in stop-and-go conditions, due to their electric propulsion systems. Moreover, advancements in in-car technology, offering features, such as advanced driver-assistance systems (ADAS) and infotainment options, are making hybrid passenger cars a sustainable choice and a high-tech, modern one, thereby boosting their market appeal.

Breakup by Power Source:

Stored Electricity

On Board Electric Generator

Stored electricity account for the majority of the market share

A detailed breakup and analysis of the market based on the power source has also been provided in the report. This includes stored electricity and on board electric generator. According to the report, stored electricity accounted for the largest market share.

The stored electricity power source segment in the hybrid electric vehicle (HEV) industry is experiencing notable growth, driven by the rapid advancements in battery technology, particularly lithium-ion batteries, that allow for higher energy storage, quicker charging, and longer lifespan. These improvements make stored electricity a more practical and reliable power source for HEVs. Moreover, the push for greener energy solutions is leading to increased investment in renewable energy sources, such as solar and wind, which can be used to generate the electricity stored in these vehicles, further reducing their carbon footprint. Additionally, the accelerating incentives are also playing a key role. Numerous countries offer tax benefits, grants, and subsidies for electric vehicle charging infrastructure, making it more accessible and convenient for consumers to charge their HEVs. Moreover, consumer attitudes are shifting towards more sustainable choices for personal transportation, propelling demand for HEVs that rely on stored electricity as a cleaner, more efficient power source.

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

North America exhibits a clear dominance, accounting for the largest hybrid electric vehicle market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest segment.

The North America market for hybrid electric vehicles (HEVs) is on a growth trajectory, influenced by stringent government regulations on vehicle emissions, encouraging the adoption of greener technologies, including HEVs. Financial incentives, including federal and state tax credits for purchasing eco-friendly vehicles, are making HEVs more accessible to consumers. Apart from this, rising fuel costs are propelling a shift toward more fuel-efficient options, a niche where HEVs excel. Public awareness about environmental sustainability is another influential aspect, leading to consumer-driven demand for eco-friendly transportation solutions.

Additionally, North America has seen substantial investments in charging infrastructure, both from the public and private sectors, alleviating range anxiety and encouraging HEV adoption. Corporate commitments to sustainability are also driving fleets to opt for hybrid vehicles, thereby providing a boost to the market. Moreover, technological advancements, particularly in battery storage and electric drivetrains, offer enhanced performance, thereby making HEVs an increasingly viable option for North American consumers.

Competitive Landscape:

The key players are investing in research to develop advanced battery technologies, such as lithium-ion and solid-state batteries, to improve the energy storage capacity and lifespan of HEV batteries. Along with this, automakers are expanding their HEV offerings across different vehicle segments, including sedans, SUVs, and even trucks, to cater to a wider range of consumer preferences. In addition, continuous efforts are being made to enhance the electric-only range of HEVs and improve their overall fuel efficiency. This involves optimizing the hybrid powertrain and reducing weight. Apart from this, manufacturers are integrating advanced connectivity features into HEVs, allowing for better integration with smartphones, over-the-air updates, and remote vehicle control through mobile apps. They are also emphasizing sustainability by using eco-friendly materials in vehicle manufacturing and reducing emissions during production processes. Furthermore, companies are forming partnerships with technology companies to accelerate the development of autonomous driving features and improve the overall driving experience.

The market research report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Toyota Motor Corporation

Honda Motor Co. Ltd.

Ford Motor Company

Volkswagen Aktiengesellschaft

General Motors Company

Hyundai Motor Company

Nissan Motor Corporation Ltd.

Recent Developments:

In September 2023, Toyota Motor Corporation presented a prototype of an electric Hilux powered by hydrogen fuel cells. With the application of various powertrain solutions, including hybrid electric, plug-in hybrid electric, battery electric, and fuel cell electric to suit various user needs and operating environments worldwide, Toyota's multi-path strategy for achieving carbon-free mobility is further illustrated by its debut.

In October 2022, Honda Motor Co. Ltd. made two significant investments in the US state of Ohio. The conversion of three current automobile and powertrain factories for the creation of electric vehicles will cost 700 million US dollars. For the purpose of constructing the joint venture's battery factory, an additional 3.5 billion US dollars will be invested in the joint venture with LG Energy Solution (LGES).

In July 2023, Volkswagen Aktiengesellschaft announced a plan to create its own plug-in hybrid car to strengthen its position in China's cutthroat new-energy vehicle industry. The state-owned SAIC Motor Corp. Ltd. and Volkswagen AG joint venture will begin creating its own plug-in hybrid vehicles.

Key Questions Answered in This Report

  • 1. What was the size of the global hybrid electric vehicle market in 2023?
  • 2. What is the expected growth rate of the global hybrid electric vehicle market during 2024-2032?
  • 3. What are the key factors driving the global hybrid electric vehicle market?
  • 4. What has been the impact of COVID-19 on the global hybrid electric vehicle market?
  • 5. What is the breakup of the global hybrid electric vehicle market based on the propulsion type?
  • 6. What is the breakup of the global hybrid electric vehicle market based on the configuration type?
  • 7. What is the breakup of the global hybrid electric vehicle market based on vehicle type?
  • 8. What is the breakup of the global hybrid electric vehicle market based on the power source?
  • 9. What are the key regions in the global hybrid electric vehicle market?
  • 10. Who are the key players/companies in the global hybrid electric vehicle market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Hybrid Electric Vehicle Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Propulsion Type

  • 6.1 Full Hybrids
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Mild Hybrids
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Plug-in Hybrids
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Configuration Type

  • 7.1 Series HEV
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Parallel HEV
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Combination HEV
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Vehicle Type

  • 8.1 Passenger Cars
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Commercial Vehicles
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Two-Wheelers
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Others
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast

9 Market Breakup by Power Source

  • 9.1 Stored Electricity
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 On Board Electric Generator
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Indicators

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 Toyota Motor Corporation
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
      • 15.3.1.4 SWOT Analysis
    • 15.3.2 Honda Motor Co. Ltd.
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
      • 15.3.2.4 SWOT Analysis
    • 15.3.3 Ford Motor Company
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
      • 15.3.3.4 SWOT Analysis
    • 15.3.4 Volkswagen Aktiengesellschaft
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
      • 15.3.4.3 Financials
      • 15.3.4.4 SWOT Analysis
    • 15.3.5 General Motors Company
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
      • 15.3.5.3 Financials
      • 15.3.5.4 SWOT Analysis
    • 15.3.6 Hyundai Motor Company
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
      • 15.3.6.3 Financials
      • 15.3.6.4 SWOT Analysis
    • 15.3.7 Nissan Motor Corporation Ltd.
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis