하이브리드차 시장 예측(-2030년) : 하이브리드화 유형별, 추진 유형별, 차종별, 컴포넌트별, 드라이브 트레인별, 파워트레인 출력별, 차량 사이즈별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Hybrid Vehicles Market is accounted for $287.49 billion in 2024 and is expected to reach $1,025.03 billion by 2030, growing at a CAGR of 23.6% during the forecast period. Hybrid vehicles combine an internal combustion engine with one or more electric motors to enhance fuel efficiency and reduce emissions. They operate on a combination of gasoline, diesel, and electric power, optimizing performance and lowering environmental impact. The hybrid vehicle market is growing due to increasing environmental regulations, consumer demand for fuel-efficient options, and advancements in hybrid technology, driving innovation and adoption across global automotive markets.

According to Statista, global automotive R&D spending has been increasing in recent years, reaching around 130 billion euros in 2022.

Market Dynamics:

Driver:

Government incentives and subsidies

Government incentives and subsidies play a crucial role in driving the hybrid vehicles market. Many countries offer tax credits, rebates, and other financial incentives to encourage the adoption of hybrid vehicles. For example, the FAME scheme in India provides subsidies for hybrid and electric vehicles. These incentives significantly reduce the upfront costs for consumers, making hybrid vehicles more affordable and attractive. Additionally, policies like preferential lane access and reduced parking fees further incentivize hybrid vehicle ownership, contributing to market growth.

Restraint:

Limited driving range

The limited driving range of hybrid vehicles, particularly plug-in hybrids, can be a significant restraint for the market. While hybrid vehicles offer improved fuel efficiency, their electric-only range is often limited compared to full electric vehicles. This limitation can lead to range anxiety among consumers, especially for longer trips. The need to switch between electric and gasoline power can also be perceived as inconvenient by some users. This factor may deter potential buyers who prioritize longer electric-only driving capabilities, potentially slowing market growth.

Opportunity:

Growing demand for fuel-efficient vehicles

The increasing demand for fuel-efficient vehicles presents a significant opportunity for the hybrid vehicles market. As consumers become more environmentally conscious and seek to reduce fuel costs, hybrid vehicles offer an attractive solution. They provide improved fuel economy compared to conventional vehicles while avoiding the range limitations of full electric vehicles. This growing demand is further fueled by rising fuel prices and stricter emissions regulations worldwide. Manufacturers can capitalize on this trend by expanding their hybrid vehicle offerings and improving fuel efficiency technologies.

Threat:

Competition from electric vehicles

The rapid advancement and growing popularity of electric vehicles (EVs) pose a significant threat to the hybrid vehicles market. As EV technology improves, offering longer ranges and faster charging times, some consumers may bypass hybrids in favor of fully electric options. Government policies in many regions are increasingly focusing on promoting zero-emission vehicles, potentially shifting incentives away from hybrids towards EVs. This competition could lead to a reduction in market share for hybrid vehicles, especially as the EV charging infrastructure continues to expand globally.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted the hybrid vehicles market due to supply chain issues and reduced consumer spending. However, it also increased awareness of environmental issues, potentially boosting long-term demand for fuel-efficient vehicles. As economies recover, pent-up demand and a renewed focus on sustainability may drive hybrid vehicle sales, although short-term challenges in production and sales persist.

The fully hybrid segment is expected to be the largest during the forecast period

The fully hybrid segment is anticipated to dominate the market due to its balance of improved fuel efficiency and familiarity for consumers. These vehicles offer significant fuel savings without the range anxiety associated with plug-in hybrids or full electric vehicles. They are particularly popular in urban areas where frequent starts and stops allow for optimal use of the electric motor. The technology's maturity, wider model availability across various vehicle classes, and lower upfront costs compared to plug-in hybrids contribute to its market dominance.

The commercial vehicles segment is expected to have the highest CAGR during the forecast period

The commercial vehicles segment is projected to experience the highest growth rate in the hybrid vehicles market. This rapid growth is driven by increasing focus on reducing operational costs and meeting stricter emissions regulations in the commercial sector. Hybrid technology offers significant fuel savings for fleet operators, particularly in urban delivery and public transportation applications where frequent stops and starts occur. Government incentives targeting commercial vehicle electrification further accelerate this trend. The development of hybrid powertrains for larger vehicles, such as trucks and buses, opens new market opportunities.

Region with largest share:

The Asia Pacific region is expected to dominate the hybrid vehicles market due to several factors. Countries like Japan have been early adopters of hybrid technology, with a well-established market and strong consumer acceptance. China, the world's largest automotive market, is aggressively promoting new energy vehicles, including hybrids, through incentives and regulations. Other countries in the region, such as South Korea and India, are also seeing increased adoption of hybrid vehicles. The region's high population density, growing urbanization, and increasing environmental concerns contribute to the demand for fuel-efficient vehicles. Additionally, the presence of major hybrid vehicle manufacturers in the region further solidifies its market leadership.

Region with highest CAGR:

Europe is anticipated to witness the highest growth rate in the hybrid vehicles market during the forecast period. This rapid growth is driven by stringent emissions regulations, including the European Union's ambitious targets for reducing CO2 emissions from vehicles. Many European countries offer substantial incentives for low-emission vehicles, including hybrids. The region's focus on sustainability and the gradual shift away from diesel engines in favor of cleaner alternatives contribute to the increasing adoption of hybrid vehicles. Moreover, European automakers are expanding their hybrid vehicle lineups to meet these regulatory requirements and changing consumer preferences, further accelerating market growth in the region.

Key players in the market

Some of the key players in Hybrid Vehicles market include Toyota Motor Corporation, Hyundai Motor Company, Volkswagen AG, BYD Company Ltd., Honda Motor Co., Ltd., Ford Motor Company, General Motors Company, Nissan Motor Co., Ltd., BMW Group, Stellantis N.V., Mercedes-Benz Group AG, Kia Corporation, Renault Group, Volvo Car Corporation, Mitsubishi Motors Corporation, Mazda Motor Corporation, Subaru Corporation, and Audi AG.

Key Developments:

In July 2024, Nissan Motor India (NMIPL) announced the re-launch of its CBU Business with the All-New Nissan X-TRAIL in India, setting a new benchmark for premium urban SUVs in the country. The 4th generation of the Nissan X-TRAIL is a 'Made in Japan' exclusive for Nissan aficionados. It is designed and delivered for customers seeking a refined driving experience; appreciate Japanese craftsmanship in design and engineering along with high versatility in space utilization. Building upon Nissan's two-decade-strong SUV DNA and legacy, the 4th-generation X-TRAIL is marking the re-start of Nissan's CBU (Completely Built Unit) business in India which is led by a customer first approach product strategy.

In June 2024, Honda Motor Co. launched an updated version of its Freed minivan in Japan, including a two-motor hybrid, which are gaining in popularity even as demand for pure electric cars slows.The new models have been made more spacious to accommodate six people easily. The Freed, which comes in both combustion engine and hybrid versions, is one of Honda's top-selling models in the non-compact segment, and the automaker has set an annual sales target of 700,000 units.

In May 2024, China's BYD, opens new tab launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and cost savings, intensifying competition with the likes of Toyota and Volkswagen that still sell mainly gasoline cars. BYD's chairman Wang Chuanfu unveiled the fifth generation of the hybrid technology that achieves a record low fuel consumption of 2.9 litres per 100 km (62.1 miles) on depleted batteries at an event in Shaanxi province's capital Xian. With a fully charged battery and a full gasoline tank, the technology can ensure a driving range of 2,100 kilometers, Wang said in the city where the company's first automaking factory was located.

Hybridization Types Covered:

• Fully Hybrid
• Micro Hybrid
• Mild Hybrid

Propulsion Types Covered:

• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Natural Gas Vehicle (NGV)

Vehicle Types Covered:

• Passenger Vehicles
• Commercial Vehicles

Components Covered:

• Internal Combustion Engine
• Electric Motor
• Battery
• Power Control Unit
• Generator
• Transmission
• Other Components

Drivetrains Covered:

• Series Hybrid
• Parallel Hybrid
• Series-Parallel Hybrid

Powertrain Power Outputs Covered:

• Low Power Output (< 100 kW)
• Medium Power Output (100-200 kW)
• High Power Output (> 200 kW)

Vehicle Sizes Covered:

• Compact
• Mid-Size
• Full-Size
• SUV/Crossover
• Luxury

End Users Covered:

• Individual Consumers
• Fleet Operators
• Ride-Sharing Services

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Hybrid Vehicles Market, By Hybridization Type

• 5.1 Introduction
• 5.2 Fully Hybrid
• 5.3 Micro Hybrid
• 5.4 Mild Hybrid

6 Global Hybrid Vehicles Market, By Propulsion Type

• 6.1 Introduction
• 6.2 Hybrid Electric Vehicle (HEV)
• 6.3 Plug-in Hybrid Electric Vehicle (PHEV)
• 6.4 Natural Gas Vehicle (NGV)

7 Global Hybrid Vehicles Market, By Vehicle Type

• 7.1 Introduction
• 7.2 Passenger Vehicles
• 7.3 Commercial Vehicles

8 Global Hybrid Vehicles Market, By Component

• 8.1 Introduction
• 8.2 Internal Combustion Engine
• 8.3 Electric Motor
• 8.4 Battery
  • 8.4.1 Battery Type
    • 8.4.1.1 Lithium-Ion
    • 8.4.1.2 Nickel-Metal Hydride (NiMH)
    • 8.4.1.3 Other Battery Types
  • 8.4.2 Battery Capacity
    • 8.4.2.1 Low Capacity
    • 8.4.2.2 Medium Capacity
    • 8.4.2.3 High Capacity
• 8.5 Power Control Unit
• 8.6 Generator
• 8.7 Transmission
• 8.8 Other Components

9 Global Hybrid Vehicles Market, By Drivetrain

• 9.1 Introduction
• 9.2 Series Hybrid
• 9.3 Parallel Hybrid
• 9.4 Series-Parallel Hybrid

10 Global Hybrid Vehicles Market, By Powertrain Power Output

• 10.1 Introduction
• 10.2 Low Power Output (< 100 kW)
• 10.3 Medium Power Output (100-200 kW)
• 10.4 High Power Output (> 200 kW)

11 Global Hybrid Vehicles Market, By Vehicle Size

• 11.1 Introduction
• 11.2 Compact
• 11.3 Mid-Size
• 11.4 Full-Size
• 11.5 SUV/Crossover
• 11.6 Luxury

12 Global Hybrid Vehicles Market, By End User

• 12.1 Introduction
• 12.2 Individual Consumers
• 12.3 Fleet Operators
• 12.4 Ride-Sharing Services

13 Global Hybrid Vehicles Market, By Geography

• 13.1 Introduction
• 13.2 North America
  • 13.2.1 US
  • 13.2.2 Canada
  • 13.2.3 Mexico
• 13.3 Europe
  • 13.3.1 Germany
  • 13.3.2 UK
  • 13.3.3 Italy
  • 13.3.4 France
  • 13.3.5 Spain
  • 13.3.6 Rest of Europe
• 13.4 Asia Pacific
  • 13.4.1 Japan
  • 13.4.2 China
  • 13.4.3 India
  • 13.4.4 Australia
  • 13.4.5 New Zealand
  • 13.4.6 South Korea
  • 13.4.7 Rest of Asia Pacific
• 13.5 South America
  • 13.5.1 Argentina
  • 13.5.2 Brazil
  • 13.5.3 Chile
  • 13.5.4 Rest of South America
• 13.6 Middle East & Africa
  • 13.6.1 Saudi Arabia
  • 13.6.2 UAE
  • 13.6.3 Qatar
  • 13.6.4 South Africa
  • 13.6.5 Rest of Middle East & Africa

14 Key Developments

• 14.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 14.2 Acquisitions & Mergers
• 14.3 New Product Launch
• 14.4 Expansions
• 14.5 Other Key Strategies

15 Company Profiling

• 15.1 Toyota Motor Corporation
• 15.2 Hyundai Motor Company
• 15.3 Volkswagen AG
• 15.4 BYD Company Ltd.
• 15.5 Honda Motor Co., Ltd.
• 15.6 Ford Motor Company
• 15.7 General Motors Company
• 15.8 Nissan Motor Co., Ltd.
• 15.9 BMW Group
• 15.10 Stellantis N.V.
• 15.11 Mercedes-Benz Group AG
• 15.12 Kia Corporation
• 15.13 Renault Group
• 15.15 Volvo Car Corporation
• 15.15 Mitsubishi Motors Corporation
• 15.16 Mazda Motor Corporation
• 15.17 Subaru Corporation
• 15.18 Audi AG