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Global Plug-In Hybrid Car Market Analysis: By Major Components, By Plug-in Hybrid Cars Type, By Geography with COVID-19 impact | Forecast Period 2017-2030

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Global Plug-in Hybrid Cars Market Outlook 2017-2030

Market Overview

Plug-in hybrid technology is the new wave eco-friendly technology in automobile industry, providing convenience, efficiency, and drive range. Currently, price of plug-in hybrid cars remains a major challenge for the mainstream sales, but the promising technology has tremendous potential in coming years to change the face of global automotive industry. Electric vehicles market is thriving around the world backed by the surging need of green infrastructure in developed nations such as United States, Germany, Japan and other countries. The sales of new electric cars recorded a new high in 2016, with over 750,000 sales across the globe. Rising environmental concerns and general awareness about electric vehicles among consumers is also the major factor for the growth of plug-in hybrid electric vehicles. Moreover, government support to the electric vehicle manufacturers and electric vehicles buyers is also playing an important role in significant adoption of electric vehicles. Precisely, these primary factors empower a wide range of plug-in hybrid car models offerings to consumers, which is the key to spurring sales growth.

Goldstein Market Intelligence analyst forecast global plug-in hybrid cars market is likely to boom with the emergence of electric vehicles in coming years. Further, the market is anticipated to grow at a CAGR of 18.4% over the forecast period as advancements in batteries will transform the transportation industry in coming years.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 especially in Western Europe and North America.

Global 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.

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)} Plug-in Hybrid Cars Market
  • Europe (UK, France, Italy, Germany, Spain, Sweden, Russia, Netherlands, Norway and Rest of Europe) {Market Share (%), Market Size (USD Billion)} Plug-in Hybrid Cars Market
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)} Plug-in Hybrid Cars Market
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)} Plug-in Hybrid Cars Market
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)} Plug-in Hybrid Cars Market

Based on geography, Asia Pacific region dominated the global plug-in hybrid vehicles market with about 35% market share of global plug-in hybrid cars market. On the other hand, Europe is the fastest growing region for plug-in hybrid cars market majorly fueled by the Norway and United Kingdom and the regional market value is expected to increase at a CAGR of +21% during the forecast period. Moreover, Europe is likely to surpass the sales of plug-in hybrid electric vehicles over the forecast period owing to higher adoption rate in Western Europe countries.   

Covered In This Global Plug-in Hybrid Cars Market Report

The report covers the present ground scenario and the future growth prospects of plug-in hybrid cars for 2017-2030 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. Globa lplug-in hybrid cars market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Global Plug-in Hybrid Cars Market Outlook 2017-2030, 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 global 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. “Global 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.

COVID-19 impact on "Plug-in Hybrid Cars Market "

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Plug-in Hybrid Cars Market " along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

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

  • 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 Global Plug-in Hybrid Cars Market Report

  • What is the total market size by 2030 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

  • Facilitate decision-making based on strong historic and forecast data for Plug-in Hybrid Cars Market
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the Plug-in Hybrid Cars Market’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects

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Global Plug-In Hybrid Car Market Analysis: By Major Components, By Plug-in Hybrid Cars Type, By Geography with COVID-19 impact | Forecast Period 2017-2030

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