Market Research Future has published a Research Report on “Mild Hybrid Vehicles Market”. This Report Covers The Top Countries and Regions of the World, Including Market Share, Size, Trends, Growth, Revenue and much more Across the globe.
Market Research Future (MRFR) highlights that the Global Mild Hybrid Vehicles Market 2020 is slated to grow exponentially over the review period, estimated to grow at a healthy CAGR of 4.8% by 2025. The global mild hybrid vehicles market is analyzed in detail in the report, which takes a close look at the market’s historical statistics and present condition in order to present to readers detailed and accurate forecasts regarding the market’s movement over the forecast period from 2019 to 2025. The impact of the COVID-19 pandemic on the global mild hybrid vehicles market is also studied in the report.
Mild hybrid vehicles are internal combustion engine vehicles equipped with an electric motor. This motor allows the vehicles to perform several functions, such as stopping the engine while coasting and slowing down, with the electric motor taking over. This allows for a considerable saving in terms of fuel and emissions. Mild hybrid vehicles are the connecting bridge between conventional, internal combustion vehicles and futuristic electric vehicles running purely on electric power. Evolution in the automotive industry has been a prominent factor dominating the conversation in the industry in recent years, with electric vehicles representing a necessary step for the industry.
The growing demand for electric vehicles and the growing government support to electric vehicles are also major drivers for the global mild hybrid vehicles market. Many governments around the world have supported the development of electric vehicles in order to reduce their overall carbon emissions and environmental impact. This has led to a growing demand from consumers for electric vehicles. This is likely to be a major driver for the global mild hybrid vehicles market over the forecast period.
Competitive Leader board:
Leading players in the global mild hybrid vehicles market include AB Volvo, BYD Co. Ltd., Hyundai Motor Company, Groupe PSA, Renault-Nissan-Mitsubishi Alliance, Toyota Motor Corporation, Tesla Motors Inc., Volkswagen AG, Suzuki Motor Corporation, Peugeot SA, Honda Motor Company Ltd., General Motors Company, Ford Motor Company, Fiat SpA, and Daimler AG.
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- By capacity, the global mild hybrid vehicles market is segmented into up to 12 V, 12 V – 24 V, and more than 24 V. The more than 24 V segment majorly comprises 48 V mild hybrid cars.
- By vehicle type, the global mild hybrid vehicles market is segmented into passenger cars and commercial vehicles. The passenger cars segment dominates the global mild hybrid vehicles market at present due to the growing demand for electric passenger cars. Growing popularity of electric cars among urban consumers is likely to drive this segment over the forecast period.
- By battery type, the global mild hybrid vehicles market is segmented into lithium ion, lead acid, and others. The lithium ion battery segment dominates the global mild hybrid vehicles market.
North America is expected to register substantial growth over the next decade owing to rising adoption of electric cars and stringent government regulations and standards to reduce emissions across the region.
Europe accounted for the dominant share in the global mild hybrid vehicles market in 2018 and is likely to retain an important share over the forecast period. Growing government support for electric vehicles in Europe is likely to remain the major driver for the market over the forecast period.
TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Mild hybrid vehicles Market, By Segments
- Competitive Analysis
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