The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Hybrid and Electric Vehicles-Global Market Insights and Sales Trends 2024
Synopsis
HEVs represent the transformation of the global automotive industry. HEVs are an amalgamation of ICE vehicles and electric vehicles (EVs).
The global Hybrid and Electric Vehicles market size is expected to reach US$ 1036460 million by 2029, growing at a CAGR of 24.5% from 2023 to 2029. The market is mainly driven by the significant applications of Hybrid and Electric Vehicles in various end use industries. The expanding demands from the Light Vehicles and Medium- and Heavy-Duty Vehicles, are propelling Hybrid and Electric Vehicles market. Hybrid Electric Vehicles, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pure Electric Vehicles segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Hybrid and Electric Vehicles, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Hybrid and Electric Vehicles market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Hybrid and Electric Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Hybrid and Electric Vehicles sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Hybrid and Electric Vehicles covered in this report include BAIC, BMW, BYD, Ford, Geely, Honda, Hyundai-Kia, Tesla and Toyota, etc.
The global Hybrid and Electric Vehicles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BAIC
BMW
BYD
Ford
Geely
Honda
Hyundai-Kia
Tesla
Toyota
Global Hybrid and Electric Vehicles market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Hybrid and Electric Vehicles market, Segment by Type:
Hybrid Electric Vehicles
Pure Electric Vehicles
Global Hybrid and Electric Vehicles market, by Application
Light Vehicles
Medium- and Heavy-Duty Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Hybrid and Electric Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Hybrid and Electric Vehicles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
HEVs represent the transformation of the global automotive industry. HEVs are an amalgamation of ICE vehicles and electric vehicles (EVs).
The global Hybrid and Electric Vehicles market size is expected to reach US$ 1036460 million by 2029, growing at a CAGR of 24.5% from 2023 to 2029. The market is mainly driven by the significant applications of Hybrid and Electric Vehicles in various end use industries. The expanding demands from the Light Vehicles and Medium- and Heavy-Duty Vehicles, are propelling Hybrid and Electric Vehicles market. Hybrid Electric Vehicles, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pure Electric Vehicles segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Hybrid and Electric Vehicles, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Hybrid and Electric Vehicles market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Hybrid and Electric Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Hybrid and Electric Vehicles sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Hybrid and Electric Vehicles covered in this report include BAIC, BMW, BYD, Ford, Geely, Honda, Hyundai-Kia, Tesla and Toyota, etc.
The global Hybrid and Electric Vehicles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BAIC
BMW
BYD
Ford
Geely
Honda
Hyundai-Kia
Tesla
Toyota
Global Hybrid and Electric Vehicles market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Hybrid and Electric Vehicles market, Segment by Type:
Hybrid Electric Vehicles
Pure Electric Vehicles
Global Hybrid and Electric Vehicles market, by Application
Light Vehicles
Medium- and Heavy-Duty Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Hybrid and Electric Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Hybrid and Electric Vehicles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Hybrid and Electric Vehicles Market Overview
1.1 Hybrid and Electric Vehicles Product Overview
1.2 Hybrid and Electric Vehicles Market Segment by Type
1.2.1 Hybrid Electric Vehicles
1.2.2 Pure Electric Vehicles
1.3 Global Hybrid and Electric Vehicles Market Size by Type
1.3.1 Global Hybrid and Electric Vehicles Market Size Overview by Type (2018-2029)
1.3.2 Global Hybrid and Electric Vehicles Historic Market Size Review by Type (2018-2023)
1.3.3 Global Hybrid and Electric Vehicles Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Hybrid and Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.2 Europe Hybrid and Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Hybrid and Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Hybrid and Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Hybrid and Electric Vehicles Sales Breakdown by Type (2018-2023)
2 Global Hybrid and Electric Vehicles Market Competition by Company
2.1 Global Top Players by Hybrid and Electric Vehicles Sales (2018-2023)
2.2 Global Top Players by Hybrid and Electric Vehicles Revenue (2018-2023)
2.3 Global Top Players by Hybrid and Electric Vehicles Price (2018-2023)
2.4 Global Top Manufacturers Hybrid and Electric Vehicles Manufacturing Base Distribution, Sales Area, Product Type
2.5 Hybrid and Electric Vehicles Market Competitive Situation and Trends
2.5.1 Hybrid and Electric Vehicles Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Hybrid and Electric Vehicles Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Hybrid and Electric Vehicles as of 2022)
2.7 Date of Key Manufacturers Enter into Hybrid and Electric Vehicles Market
2.8 Key Manufacturers Hybrid and Electric Vehicles Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Hybrid and Electric Vehicles Status and Outlook by Region
3.1 Global Hybrid and Electric Vehicles Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Hybrid and Electric Vehicles Historic Market Size by Region
3.2.1 Global Hybrid and Electric Vehicles Sales in Volume by Region (2018-2023)
3.2.2 Global Hybrid and Electric Vehicles Sales in Value by Region (2018-2023)
3.2.3 Global Hybrid and Electric Vehicles Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Hybrid and Electric Vehicles Forecasted Market Size by Region
3.3.1 Global Hybrid and Electric Vehicles Sales in Volume by Region (2024-2029)
3.3.2 Global Hybrid and Electric Vehicles Sales in Value by Region (2024-2029)
3.3.3 Global Hybrid and Electric Vehicles Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Hybrid and Electric Vehicles by Application
4.1 Hybrid and Electric Vehicles Market Segment by Application
4.1.1 Light Vehicles
4.1.2 Medium- and Heavy-Duty Vehicles
4.2 Global Hybrid and Electric Vehicles Market Size by Application
4.2.1 Global Hybrid and Electric Vehicles Market Size Overview by Application (2018-2029)
4.2.2 Global Hybrid and Electric Vehicles Historic Market Size Review by Application (2018-2023)
4.2.3 Global Hybrid and Electric Vehicles Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Hybrid and Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.2 Europe Hybrid and Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Hybrid and Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Hybrid and Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Hybrid and Electric Vehicles Sales Breakdown by Application (2018-2023)
5 North America Hybrid and Electric Vehicles by Country
5.1 North America Hybrid and Electric Vehicles Historic Market Size by Country
5.1.1 North America Hybrid and Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Hybrid and Electric Vehicles Sales in Volume by Country (2018-2023)
5.1.3 North America Hybrid and Electric Vehicles Sales in Value by Country (2018-2023)
5.2 North America Hybrid and Electric Vehicles Forecasted Market Size by Country
5.2.1 North America Hybrid and Electric Vehicles Sales in Volume by Country (2024-2029)
5.2.2 North America Hybrid and Electric Vehicles Sales in Value by Country (2024-2029)
6 Europe Hybrid and Electric Vehicles by Country
6.1 Europe Hybrid and Electric Vehicles Historic Market Size by Country
6.1.1 Europe Hybrid and Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Hybrid and Electric Vehicles Sales in Volume by Country (2018-2023)
6.1.3 Europe Hybrid and Electric Vehicles Sales in Value by Country (2018-2023)
6.2 Europe Hybrid and Electric Vehicles Forecasted Market Size by Country
6.2.1 Europe Hybrid and Electric Vehicles Sales in Volume by Country (2024-2029)
6.2.2 Europe Hybrid and Electric Vehicles Sales in Value by Country (2024-2029)
7 Asia-Pacific Hybrid and Electric Vehicles by Region
7.1 Asia-Pacific Hybrid and Electric Vehicles Historic Market Size by Region
7.1.1 Asia-Pacific Hybrid and Electric Vehicles Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Hybrid and Electric Vehicles Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Hybrid and Electric Vehicles Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Hybrid and Electric Vehicles Forecasted Market Size by Region
7.2.1 Asia-Pacific Hybrid and Electric Vehicles Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Hybrid and Electric Vehicles Sales in Value by Region (2024-2029)
8 Latin America Hybrid and Electric Vehicles by Country
8.1 Latin America Hybrid and Electric Vehicles Historic Market Size by Country
8.1.1 Latin America Hybrid and Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Hybrid and Electric Vehicles Sales in Volume by Country (2018-2023)
8.1.3 Latin America Hybrid and Electric Vehicles Sales in Value by Country (2018-2023)
8.2 Latin America Hybrid and Electric Vehicles Forecasted Market Size by Country
8.2.1 Latin America Hybrid and Electric Vehicles Sales in Volume by Country (2024-2029)
8.2.2 Latin America Hybrid and Electric Vehicles Sales in Value by Country (2024-2029)
9 Middle East and Africa Hybrid and Electric Vehicles by Country
9.1 Middle East and Africa Hybrid and Electric Vehicles Historic Market Size by Country
9.1.1 Middle East and Africa Hybrid and Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Hybrid and Electric Vehicles Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Hybrid and Electric Vehicles Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Hybrid and Electric Vehicles Forecasted Market Size by Country
9.2.1 Middle East and Africa Hybrid and Electric Vehicles Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Hybrid and Electric Vehicles Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BAIC
10.1.1 BAIC Company Information
10.1.2 BAIC Introduction and Business Overview
10.1.3 BAIC Hybrid and Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BAIC Hybrid and Electric Vehicles Products Offered
10.1.5 BAIC Recent Development
10.2 BMW
10.2.1 BMW Company Information
10.2.2 BMW Introduction and Business Overview
10.2.3 BMW Hybrid and Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BMW Hybrid and Electric Vehicles Products Offered
10.2.5 BMW Recent Development
10.3 BYD
10.3.1 BYD Company Information
10.3.2 BYD Introduction and Business Overview
10.3.3 BYD Hybrid and Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.3.4 BYD Hybrid and Electric Vehicles Products Offered
10.3.5 BYD Recent Development
10.4 Ford
10.4.1 Ford Company Information
10.4.2 Ford Introduction and Business Overview
10.4.3 Ford Hybrid and Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Ford Hybrid and Electric Vehicles Products Offered
10.4.5 Ford Recent Development
10.5 Geely
10.5.1 Geely Company Information
10.5.2 Geely Introduction and Business Overview
10.5.3 Geely Hybrid and Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Geely Hybrid and Electric Vehicles Products Offered
10.5.5 Geely Recent Development
10.6 Honda
10.6.1 Honda Company Information
10.6.2 Honda Introduction and Business Overview
10.6.3 Honda Hybrid and Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Honda Hybrid and Electric Vehicles Products Offered
10.6.5 Honda Recent Development
10.7 Hyundai-Kia
10.7.1 Hyundai-Kia Company Information
10.7.2 Hyundai-Kia Introduction and Business Overview
10.7.3 Hyundai-Kia Hybrid and Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hyundai-Kia Hybrid and Electric Vehicles Products Offered
10.7.5 Hyundai-Kia Recent Development
10.8 Tesla
10.8.1 Tesla Company Information
10.8.2 Tesla Introduction and Business Overview
10.8.3 Tesla Hybrid and Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Tesla Hybrid and Electric Vehicles Products Offered
10.8.5 Tesla Recent Development
10.9 Toyota
10.9.1 Toyota Company Information
10.9.2 Toyota Introduction and Business Overview
10.9.3 Toyota Hybrid and Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Toyota Hybrid and Electric Vehicles Products Offered
10.9.5 Toyota Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Hybrid and Electric Vehicles Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Hybrid and Electric Vehicles Industrial Chain Analysis
11.4 Hybrid and Electric Vehicles Market Dynamics
11.4.1 Hybrid and Electric Vehicles Industry Trends
11.4.2 Hybrid and Electric Vehicles Market Drivers
11.4.3 Hybrid and Electric Vehicles Market Challenges
11.4.4 Hybrid and Electric Vehicles Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Hybrid and Electric Vehicles Distributors
12.3 Hybrid and Electric Vehicles Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest Automotive Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
