Hybrid Vehicle Market Report 2025 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance, the Hybrid Vehicle Market was valued at USD 252.06 billion in 2020 and is expected to reach at a CAGR of 30.13% during the forecast period.
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Growing environmental concerns, enactment of stringent emission and fuel economy norms, and increasing government initiatives are some of the factors that have supported long-term expansion for Hybrid Vehicle Market.
Recent Developments
Honda Motor Company, Ltd. has announced to begin its sales of all-new Honda Fit Hybrid vehicles. It is equipped with Honda’s 2-motor hybrid system which drives the vehicle with an electric motor, which results a better fuel efficiency and smooth drive.
Paice a hybrid vehicle technology provider announced it has signed an agreement to license its patented hybrid technology to Mitsubishi Motors.
Regional Analysis
China registered the highest growth rate in the market for hybrid and electric vehicles. During the forecast period, the country may also witness growth in the adoption of hybrid electric buses, as more than 30 Chinese cities have made plans to achieve 100% electrified public transit by 2020, including Guangzhou, Zhuhai, Dongguan, Foshan, and Zhongshan in the Pearl River Delta, along with Nanjing, Hangzhou, Shaanxi, and Shandong.
Key Players of Hybrid Vehicle Market
- Toyota
- Nissan
- Honda
- BYD
- Mitsubishi
- BMW
- Ford
- Volvo
- Continental
- ZF
- Daimler
- Hyundai
- Schaefler
- Borgwarner
- Delphi Technologies
- Allison Transmission and More
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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In addition to the market data for Hybrid Vehicle Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
More Reports from Delvens:
Electric Vehicle (EV) Charging Station market
Electronic Flight Instrument System (EFIS) Market
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