The global Mild Hybrid Vehicles Market is profiled in great detail in the latest research report from Market Research Future (MRFR). 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 major drivers and restraints affecting the global mild hybrid vehicles market are profiled in detail in the report, giving readers an accurate picture of what is making the market tick and what is holding the market back. The leading players in the global mild hybrid vehicles market are also profiled in the report in order to give readers an accurate summation of the competitive landscape of the market. 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. Many automotive manufacturers are innovating various ways to incorporate electric power into existing automotive technology, in order to reduce the impact of the vehicles on the environment. This is likely to be a major driver for the global mild hybrid vehicles market over the forecast period.
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.
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.
The global mild hybrid vehicles market is segmented on the basis of capacity, vehicle type, battery type, and region.
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. However, the commercial vehicles segment is also likely to be an important part of the global mild hybrid vehicles market over the forecast period due to the growing demand for electric commercial vehicles.
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.
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.
Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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