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ハイブリッド電気自動車の市場規模、シェア、動向、予測：推進タイプ、構成タイプ、車両タイプ、電源、地域別、2025年～2033年

Hybrid Electric Vehicle Market Size, Share, Trends and Forecast by Propulsion Type, Configuration Type, Vehicle Type, Power Source, and Region, 2025-2033

出版日
発行
IMARC
ページ情報
英文 150 Pages
納期
2～3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=148.45円
ハイブリッド電気自動車の市場規模、シェア、動向、予測：推進タイプ、構成タイプ、車両タイプ、電源、地域別、2025年～2033年
出版日: 2025年08月01日
発行: IMARC
ページ情報: 英文 150 Pages
納期: 2～3営業日
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  • 全表示
  • 概要
  • 図表
  • 目次
概要

ハイブリッド電気自動車の世界市場規模は、2024年に1,293万ユニットとなりました。今後、IMARC Groupは、2033年には1億443万ユニットに達し、2025年から2033年にかけて25.78%のCAGRを示すと予測しています。現在、北米が市場を独占しており、2024年の市場シェアは40.9%を超えます。ハイブリッド電気自動車（HEV）の環境面での優位性に関する消費者の意識の高まり、環境に優しい選択を消費者に促す社会的責任の高まり、最先端技術の出現は、ハイブリッド電気自動車市場シェアの成長を強固にする主な要因の一部です。

HEV市場の主要促進要因のひとつは、燃費効率と環境持続性に対する需要の高まりです。燃料価格が上昇を続け、気候変動に対する不安が高まる中、消費者や政府も同様に、低排出ガスで燃費の良い自動車を求めるようになっています。従来の内燃エンジンと電気モーターを組み合わせたHEVは、燃料消費を抑え、二酸化炭素（CO2）排出量を削減することで解決策を提供します。さらに、世界各国の政府がより厳しい排出規制を実施し、環境に優しい自動車にインセンティブを提供しているため、持続可能な代替輸送手段としてのHEVの需要がさらに高まっています。

米国は、市場全体の77.80%を占める主要な破壊者として台頭してきています。この市場を牽引しているのは、環境目標と政府のインセンティブです。米国エネルギー省の電気自動車に対する税額控除や充電インフラへの資金援助などのイニシアチブが、普及を後押ししています。電気自動車は従来の自動車に比べて排出ガスが少なく、燃費も良いため、人気が高まっています。しかし、3Q24の米国における電気自動車とハイブリッド車の販売シェアは、2Q24の19.1%から上昇し、過去最高の21.2%に達しました。加えて、米国では輸送機関からの温室効果ガス（GHG）排出量削減を推進する規制がHEV需要の拡大に寄与しています。リベートや連邦税額控除などのインセンティブが市場の拡大をさらに後押ししています。

ハイブリッド電気自動車市場動向：

環境問題への関心の高まり

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。世界銀行の統計によると、世界のゴミは2050年までに34億トンに達すると予測されています。病気や早期死亡の主な環境原因は公害です。900万人以上の早死が公害によるもので、その大半を大気汚染が占めています。従来の内燃機関自動車は、二酸化炭素（CO2）、窒素酸化物（NOx）、粒子状物質を含む温室効果ガス排出と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HEVは、実行可能な解決策を提供します。HEV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て、消費者はますます環境に優しい選択に傾きつつあり、HEVに堅調な市場を提供しています。

政府のインセンティブと政策

HEV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を奨励することを目的とした、政府によるさまざまな優遇措置や政策です。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HEVは経済的に魅力的なものとなっています。例えば、オランダはEV補助金が手厚く、Eモビリティ推進のパイオニアです。オランダ政府は、中古EVに最大2,000ユーロ（2116.66米ドル）、新車EV購入に最大2,950ユーロ（3122.07米ドル）の補助金を提供しています。道路税の免除や社用車の税率引き下げは、EV所有者にとってさらなるメリットです。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、財政的・非金融的なインセンティブを通じてHEVの使用を積極的に推進しています。したがって、これは市場を大きく支えています。こうした政策措置は、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

ハイブリッド電気自動車業界にとって重要なドライバーである過去10年間。これに伴い、リチウムイオン電池の進歩により、エネルギー密度の向上、充電時間の短縮、寿命の延長が実現し、車載用途に適しています。こうした技術的飛躍は、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。IEAのデータによると、2023年のリチウム電池需要は約140ktです。電池技術の向上が続けば、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可能性が高いです。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • 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
  • 主要業界動向

第5章 世界のハイブリッド電気自動車市場

  • 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
  • マイルドハイブリッド
  • プラグインハイブリッド
  • その他

第7章 市場内訳：構成タイプ別

  • シリーズHEV
  • パラレルHEV
  • コンビネーションHEV

第8章 市場内訳：車両タイプ別

  • 乗用車
  • 商用車
  • 二輪車
  • その他

第9章 市場内訳：電源別

  • 蓄電
  • 車載発電機

第10章 市場内訳：地域別

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

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), 2019-2024
  • Figure 3: Global: Hybrid Electric Vehicle Market: Sales Value (in Billion USD), 2019-2024
  • Figure 4: Global: Hybrid Electric Vehicle Market: Breakup by Propulsion Type (in %), 2024
  • Figure 5: Global: Hybrid Electric Vehicle Market: Breakup by Configuration Type (in %), 2024
  • Figure 6: Global: Hybrid Electric Vehicle Market: Breakup by Vehicle Type (in %), 2024
  • Figure 7: Global: Hybrid Electric Vehicle Market: Breakup by Power Source (in %), 2024
  • Figure 8: Global: Hybrid Electric Vehicle Market: Breakup by Region (in %), 2024
  • Figure 9: Global: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 10: Global: Hybrid Electric Vehicle Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 11: Global: Hybrid Electric Vehicle (Full Hybrids) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 12: Global: Hybrid Electric Vehicle (Full Hybrids) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 13: Global: Hybrid Electric Vehicle (Mild Hybrids) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 14: Global: Hybrid Electric Vehicle (Mild Hybrids) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 15: Global: Hybrid Electric Vehicle (Plug-in Hybrids) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 16: Global: Hybrid Electric Vehicle (Plug-in Hybrids) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 17: Global: Hybrid Electric Vehicle (Others) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 18: Global: Hybrid Electric Vehicle (Others) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 19: Global: Hybrid Electric Vehicle (Series HEV) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 20: Global: Hybrid Electric Vehicle (Series HEV) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 21: Global: Hybrid Electric Vehicle (Parallel HEV) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 22: Global: Hybrid Electric Vehicle (Parallel HEV) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 23: Global: Hybrid Electric Vehicle (Combination HEV) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 24: Global: Hybrid Electric Vehicle (Combination HEV) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 25: Global: Hybrid Electric Vehicle (Passenger Cars) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 26: Global: Hybrid Electric Vehicle (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 27: Global: Hybrid Electric Vehicle (Commercial Vehicles) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 28: Global: Hybrid Electric Vehicle (Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 29: Global: Hybrid Electric Vehicle (Two Wheelers) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 30: Global: Hybrid Electric Vehicle (Two Wheelers) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 31: Global: Hybrid Electric Vehicle (Others) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 32: Global: Hybrid Electric Vehicle (Others) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 33: Global: Hybrid Electric Vehicle (Stored Electricity) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 34: Global: Hybrid Electric Vehicle (Stored Electricity) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 35: Global: Hybrid Electric Vehicle (On Board Electric Generator) Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 36: Global: Hybrid Electric Vehicle (On Board Electric Generator) Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 37: North America: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 38: North America: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 39: United States: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 40: United States: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 41: Canada: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 42: Canada: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 43: Asia Pacific: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 44: Asia Pacific: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 45: China: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 46: China: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 47: Japan: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 48: Japan: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 49: India: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 50: India: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 51: South Korea: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 52: South Korea: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 53: Australia: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 54: Australia: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 55: Indonesia: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 56: Indonesia: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 57: Others: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 58: Others: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 59: Europe: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 60: Europe: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 61: Germany: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 62: Germany: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 63: France: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 64: France: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 65: United Kingdom: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 66: United Kingdom: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 67: Italy: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 68: Italy: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 69: Spain: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 70: Spain: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 71: Russia: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 72: Russia: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 73: Others: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 74: Others: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 75: Latin America: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 76: Latin America: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 77: Brazil: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 78: Brazil: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 79: Mexico: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 80: Mexico: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 81: Others: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 82: Others: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • Figure 83: Middle East and Africa: Hybrid Electric Vehicle Market: Sales Volume (in Million Units), 2019 & 2024
  • Figure 84: Middle East and Africa: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2025-2033
  • 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, 2024 and 2033
  • Table 2: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Propulsion Type (in Million Units), 2025-2033
  • Table 3: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Configuration Type (in Million Units), 2025-2033
  • Table 4: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Vehicle Type (in Million Units), 2025-2033
  • Table 5: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Power Source (in Million Units), 2025-2033
  • Table 6: Global: Hybrid Electric Vehicle Market Forecast: Breakup by Region (in Million Units), 2025-2033
  • Table 7: Global: Hybrid Electric Vehicle Market: Competitive Structure
  • Table 8: Global: Hybrid Electric Vehicle Market: Key Players
目次
Product Code: SR112025A1944

The global hybrid electric vehicle market size was valued at 12.93 Million Units in 2024. Looking forward, IMARC Group estimates the market to reach 104.43 Million Units by 2033, exhibiting a CAGR of 25.78% from 2025-2033. North America currently dominates the market, holding a market share of over 40.9% in 2024. The growing consumer consciousness regarding the environmental advantages of hybrid electric vehicles (HEVs), a growing social responsibility urging consumers to make greener choices, and the emergence of cutting-edge technologies are some of the major drivers consolidating the growth of hybrid electric vehicle market share.

One of the key drivers in the HEV market is the growing demand for fuel efficiency and environmental sustainability. As fuel prices continue to increase and anxieties about climate change grow consumers and governments alike are increasingly seeking vehicles that lower emissions and offer better fuel economy. HEVs, which combine a traditional internal combustion engine with an electric motor, offer a solution by reducing fuel consumption and lowering carbon dioxide (CO2) emissions. Additionally, governments worldwide are implementing stricter emission regulations and offering incentives for eco-friendly vehicles, further boosting the demand for HEVs as a sustainable transportation alternative.

The United States is emerging as a major disruptor, holding 77.80% of the total market share. The market is driven by both environmental goals and government incentives. The U.S. Department of Energy's initiatives, such as tax credits for electric vehicle and funding for charging infrastructure, have encouraged adoption. These vehicles are becoming increasingly popular due to their lower emissions and fuel efficiency compared to traditional vehicles. However, in 3Q24, the share of electric and hybrid vehicle sales in the U.S. reached a record 21.2%, up from 19.1% in 2Q24. Additionally, U.S. regulations pushing for reduced greenhouse gas (GHG) emissions from transportation contribute to the growing demand for HEVs. The presence of incentives like rebates and federal tax credits further supports the market's expansion.

Hybrid Electric Vehicle Market Trends:

Increasing environmental concerns

One of the primary market drivers for the HEV industry is the growing concern over environmental degradation, specifically climate change and air pollution. Global garbage is predicted to reach 3.4 billion tonnes by 2050, according to World Bank figures. The leading environmental cause of illness and early mortality is pollution. Over 9 million premature deaths are caused by pollution, with air pollution accounting for the majority of these deaths. Traditional internal combustion engine vehicles are significant contributors to GHG 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. HEVs, 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 HEV 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, the Netherlands is a pioneer in e-mobility promotion owing to its generous EV subsidies. The Dutch government offers grants of up to Euro 2,000 (USD 2116.66) for used EVs and Euro 2,950 (USD 3122.07) for new EV purchases. Road tax exemptions and lower company car tax rates are further advantages for EV owners. 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

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. According to IEA data, the battery demand for lithium stood at around 140 kt in the year 2023. 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:

Analysis by Propulsion Type:

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

Plug-in hybrids stand as the largest component in 2024, holding around 29.7% of the market. PHEVs combine an internal combustion engine with a larger battery that can be recharged via an outside source, providing more longer electric-only driving ranges compared to traditional HEVs. This extended range makes PHEVs more appealing to consumers seeking the flexibility of electric power for daily commutes and gasoline for longer trips. With growing environmental concerns and government incentives promoting low-emission vehicles, the market for PHEVs is expanding rapidly. Furthermore, advancements in battery technology and charging infrastructure are further driving their adoption, positioning PHEVs as a dominant choice for eco-conscious consumers.

Analysis by Configuration Type:

  • Series HEV
  • Parallel HEV
  • Combination HEV

Parallel HEV led the market in 2024 due to its simple, efficient design. In parallel HEVs, it is the combination of the operation of the internal combustion engine and that of the electric motor that contributes to driving the vehicle. These configurations optimize fuel efficiency by allowing assistance from the electric motor mainly in city driving, where they make frequent stops and starts. Parallel systems also provide greater power output and a smoother driving experience compared to other HEV types. In addition, this configuration usually requires less complex infrastructure and has lower manufacturing costs, which makes it more attractive to consumers and car makers. Parallel HEVs are still the preferred choice in the global market with the increasing focus on reduction of emissions and improvement of fuel economy.

Analysis by Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles
  • Two-Wheelers
  • Others

In 2024, passenger cars account for the majority of the market at around 85.7% due to their widespread use and increasing consumer demand for fuel-efficient, environmentally-friendly options. These vehicles are popular in urban and suburban settings where fuel efficiency is critical. The growing awareness of environmental issues, coupled with government incentives for clean energy vehicles, has driven the adoption of HEVs in the passenger car segment. Additionally, advancements in battery technology have improved driving range and performance, making HEVs more appealing. The U.S. Department of Energy and other governmental bodies report that passenger cars, including sedans and compact vehicles, represent the largest share of the HEV market.

Analysis by Power Source:

  • Stored Electricity
  • On Board Electric Generator

Stored electricity represented the leading market segment, holding 70.0% of the total share due to its essential role in improving fuel efficiency and reducing emissions. The electric motor in HEVs uses the stored energy from the battery, which is replenished through regenerative braking or the internal combustion engine. It is this ability to store and use electricity efficiently that enables HEVs to seamlessly switch between electric power and gasoline, optimizing fuel use. The advancements in battery technology have also improved storage capacity, thereby increasing the electric-only driving range and overall performance. As governments seek stricter controls over emissions and customers increasingly look toward eco-friendly vehicles, the demand for HEVs and efficient energy storage systems continues to rise.

Regional Analysis:

  • 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

In 2024, North America accounted for the largest hybrid electric vehicle market share of over 40.9% driven by strong consumer demand, government incentives, and robust charging infrastructure. The U.S. is a leader, as there are federal tax credits and rebates on hybrid and electric vehicles that drive adoption. Further, automakers in North America have stepped up PHEV and HEV production in order to keep up with environmental standards that are rising. Regulation standards like the CAFE standard set in the United States nudge manufacturers toward producing fuel-efficient, low-emission automobiles. A shift among consumers towards more environmentally friendly modes of transport further supports the market.

Key Regional Takeaways:

United States Hybrid Electric Vehicle Market Analysis

Hybrid electric vehicles are so far quite popular in the U.S. market due to climbing prices of petrol, because of government incentives, and as well as due to pollution controls. Corporate Average Fuel economy regulations encourage hybridizing automobile manufacturers by an average fuel economy of 49 mpg by 2026. Federal tax incentives with up to USD 7,500 also promote the usage of hybrid and plug-in hybrid electric vehicles. Hybrid sales were 8.6% of light-duty sales in the first quarter of this year, while 9.6% were recorded in the second quarter, according to the US Energy Information Administration. In terms of vehicle sales of light-duty plug-in hybrids, there was a little uptick during this period, and it rose from 1.7% to 2.0% of the total light-duty sales.

The demand by consumers for fuel-efficient vehicles due to fluctuating petrol prices can be considered as one major influence. As of 2023, more than one million hybrid and electric vehicles were sold in the US. Hybrid sales rose 65%, according to Edmunds, which serves as a source of information for car shoppers, while EV sales leaped 46%. Improvements in battery efficiency and regenerative braking systems are enhancing vehicle performance and making HEVs more appealing. Cities like California have banned the sale of cars that are petrol-only from 2035. Corporate fleet changes to hybrids, and growing concern for carbon emissions are also generating market momentum.

Europe Hybrid Electric Vehicle Market Analysis

The HEV market is gaining momentum in Europe due to strong government support and tough rules on carbon emissions. Automakers are moving towards hybrid technology as a result of the European Union's "Fit for 55" project, which seeks to reduce GHG emissions by 55% by 2030. Tax incentives and subsidies have been provided by nations like as Germany, France, and the UK. In 2023, France was offering up to Euro 6,000 (USD 6,345) for hybrid purchases of the price below Euro 45,000 (USD 47,593)

International Energy Agency says that the data for 2023 shows that 25% of the new sales of automobiles in the region were electric cars. Therefore, this suggests that a majority of the customers preferred less harmful options. Giant automobile companies like Volvo and BMW have increased the production rate of hybrid cars to be able to take up this trend. Low-emission urban cities like London and Paris encourage more use of hybrids by charging higher tolls on conventional combustion vehicles. Fuel-efficient HEVs are more attractive with the rising cost of petrol and Europe's emphasis on energy independence. The market is expanding because of advancements in mild hybrids and plug-in hybrids.

Asia Pacific Hybrid Electric Vehicle Market Analysis

Asia-Pacific leads the world in HEV production and sales, with China, South Korea, and Japan leading the way. Japan is still a leader in the world market for HEVs, and most of its manufacturers are Toyota and Honda. Initiatives such as the New Energy Vehicle mandate provide incentives for hybrid vehicles as part of China's transition to green mobility. For the first time in March 2024, NEVs took a 40% share of national automobile sales, according to China Passenger Automobile Association data. It will become clear in 2023 that sales of plug-in hybrid electric vehicles are growing at a more rapid rate than pure battery electric vehicle sales. Despite starting from a lower base, plug-in hybrid electric car sales in China rose by more than 75% in the first quarter of 2023 compared with the same period last year, while battery electric car sales rose by 15% only. This is because regional automakers such as BYD have entered the HEV market, and the Asian Pacific market is developing sophisticated battery technology that will rise highly.

Latin America Hybrid Electric Vehicle Market Analysis

Latin America's HEV sector is growing because of fuel price escalation and environmental concerns. In ending 2023, Brazil commenced the Green Mobility and Innovation Program. The program offers relief in taxes to companies that create and manufacture low-emission road transport technology. These incentives total more than BRA 19 billion, that is, USD 3.8 Billion, in the period of 2024-2028. This is why many huge car manufacturers in Brazil have already started manufacturing hybrid vehicles using ethanol and electricity. Electrification of public transport in cities like Bogota in Colombia also boosts demand. Increasing awareness of the sustainability of cities and air quality is also fueling hybrid adoption. Infrastructure challenges and income inequality notwithstanding, the sector is growing due to regional partnerships with multinationals and the steady drop in HEV prices.

Middle East and Africa Hybrid Electric Vehicle Market Analysis

Increasing awareness of sustainability and volatile oil prices are making the deployment of HEVs spread across the Middle East and Africa (MEA). This is led by the United Arab Emirates, with encouragement from government laws with respect to green transportation and hybrid purchase incentives. Demand is also stimulated by Saudi Arabia's Vision 2030, which places an emphasis on sustainability. Hybrid electric buses are becoming more and more widely used in African cities to decrease air pollution. Although it is a constraint, the bond between the government and automobile companies is helping this growth. The HEV Market in the MEA is expected to rise gradually with affordability.

Competitive Landscape:

Key players are investing in research for developing advanced battery technologies, including lithium-ion and solid-state batteries, which will help in increasing the energy storage capacity and lifespan of HEV batteries. Along with this, the automakers are expanding their HEV offerings across different vehicle segments, such as sedans, SUVs, and even trucks, to cater to a wider range of consumer preferences. Further efforts are continuously being devoted to enhancing the electric-only range of HEVs and promoting general fuel efficiency. Apart from that, HEV manufactures integrate advanced connectivity features, such connectivity will better integrate to smartphone services, update over airways, and enable remote command control for mobile apps. To achieve that, companies associate themselves with technology firms to progress toward autonomous driving features, as such, the process shall be further enhanced generally in driving experience.

The report provides a comprehensive analysis of the competitive landscape in the hybrid electric vehicle market with detailed profiles of all major companies, including:

  • Toyota Motor Corporation
  • Honda Motor Co. Ltd.
  • Ford Motor Company
  • Volkswagen Aktiengesellschaft
  • General Motors Company
  • Hyundai Motor Company
  • Nissan Motor Corporation Ltd.

Key Questions Answered in This Report

  • 1.What is hybrid electric vehicle?
  • 2.How big is the hybrid electric vehicle market?
  • 3.What is the expected growth rate of the global hybrid electric vehicle market during 2025-2033?
  • 4.What are the key factors driving the global hybrid electric vehicle market?
  • 5.What is the leading segment of the global hybrid electric vehicle market based on propulsion type?
  • 6.What is the leading segment of the global hybrid electric vehicle market based on configuration type?
  • 7.What is the leading segment of the global hybrid electric vehicle market based on vehicle type?
  • 8.What is the leading segment of the global hybrid electric vehicle market based on 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