China Plug-in Hybrid Cars Market 2017-2025: Industry Size, Share, Trends Analysis, Demand & Growth Opportunity Assessment, Regional Outlook, With Market Forecast

Market Overview

Till 2015, United States accounted for the largest share of the global electric car stock but in 2016, China has emerged as the country with the largest electric vehicles stock, with about a one third of the global total. China accounted for the 336 thousand new electric cars registered with about 24% of the plug-in hybrid electric cars sales. Policies by the Chinese government will continue to deliver strong financial and non-financial incentives to electric vehicle adoption in coming years. Exemptions from acquisition and excise taxes ranged between USD 5,000 to USD 8,500. Moreover, in China’s 2016-20 plan, subsidy structures and product technology necessities for the elevation of new energy vehicles, the Chinese government reduced the incentives on electric vehicles by 20% from 2017 onwards, admitting the objective to regularly regulate and develop its strategies for an improved market response. Despite these deviations, China’s electric car market is constantly growing at significant pace. The passenger vehicles segment with higher interior volumes is likely to become more attractive in the Chinese vehicle market as a result in 2016 more than 40% of new passenger cars sales were SUV or MPV. Consequently, the electric vehicles manufacturers started manufacturing plug-in electric SUV or MPV models, most of which are plug-in hybrid vehicles.

China Plug-in Hybrid Cars Market Segmentation

By Major Components

• Internal Combustion Engine
• Electric Motor
• Batteries

By Plug-in Hybrid Cars Type

• Series PHEVs
• Parallel or Blended PHEVs.

Market Size & Forecast to 2025

Goldstein Research analyst forecast China plug-in hybrid cars market is likely to boom with the emergence of electric vehicles in coming years. Further, the market is anticipated to reach USD 51.6 billion by 2025 at a CAGR of 18.4% over the forecast period as the high adoption rate, government stringent vehicular norms and high manufacturing capacity of the country will significantly boost the market growth.

Based on the major components, batteries accounted for the largest revenue share as battery still costs up-to 25% of overall plug-in hybrid car price. Further, batteries market will likely to grow at faster pace with growing market for plug-in hybrid cars specially in Western Europe and North America.

Covered in this China Plug-in Hybrid Cars Market report

The report covers the present ground scenario and the future growth prospects of the automotive aftermarket for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. China automotive aftermarket market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

China Automotive Aftermarket Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the China Plug-in Hybrid Cars Market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “China Plug-in Hybrid Cars Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Key Market Players

Our China Plug-in Hybrid Cars Market Report comprises of the following companies as the key players.

•  BYD
•  SAIC Motor Corporation Limited
•  Dongfeng Venucia Motor Company
•  Daimler AG
•  General Motors Corporation
•  Toyota Motor Corporation
•  Mitsubishi Motors Corporation
•  BYD Auto Co. Ltd.
•  Volkswagen AG
•  BMW AG
•  Honda Motor Co. Ltd.
•  Hyundai Motor Company

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this research report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

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