세계의 하이브리드차 판매 시장 예측(-2032년) : 차종별, 추진 방식별, 컴포넌트별, 연료 카테고리별, 차체 유형별, 지역별 분석

According to Stratistics MRC, the Global Hybrid Vehicle Sales Market is accounted for $261.51 billion in 2025 and is expected to reach $607.64 billion by 2032 growing at a CAGR of 12.8% during the forecast period. Sales of hybrid vehicles have grown considerably over the past few years, fueled by heightened environmental consciousness, supportive government policies, and rising fuel costs. Buyers are favoring hybrids for their superior fuel economy, lower greenhouse gas emissions, and decreased reliance on traditional fuels. Car manufacturers are expanding hybrid offerings by incorporating innovative features like regenerative braking, lightweight construction, and advanced battery technology. Major regions such as North America, Europe, and Asia-Pacific are driving this expansion, aided by initiatives promoting environmentally friendly transport. The trend indicates a continued upward trajectory, reflecting a global shift toward sustainable mobility solutions and greener transportation alternatives.

According to data from the European Automobile Manufacturers' Association (ACEA), hybrid electric vehicles accounted for 25.7% of all new car registrations in the European Union in 2023, up from 22.6% in 2022, highlighting strong momentum.

Market Dynamics:

Driver:

Rising environmental awareness

Growing concern for environmental sustainability is strongly propelling the hybrid vehicle market. Consumers are becoming more aware of the harmful impact of traditional vehicle emissions on air quality and climate, motivating them to choose greener options. Hybrids, offering improved fuel efficiency and reduced emissions, cater to this demand. Awareness campaigns, media coverage, and stricter environmental regulations enhance market growth. Urban centers with severe pollution have particularly embraced hybrids. The global focus on eco-friendly practices and reducing carbon footprints continues to drive increased consumer adoption of hybrid vehicles.

Restraint:

High initial cost

One of the key challenges restricting hybrid vehicle sales is their elevated initial price. Advanced technologies like electric motors and battery systems raise production costs, making hybrids more expensive than traditional vehicles. Many potential buyers, particularly in cost-conscious regions, hesitate to invest in these higher-priced options, even with long-term fuel savings. While governmental subsidies partially reduce the burden, affordability continues to be a limiting factor. This price barrier hampers broader market acceptance, slowing growth in both developing and price-sensitive regions, despite rising interest in eco-friendly vehicles and efficiency advantages offered by hybrid technology.

Opportunity:

Expanding urbanization and traffic congestion solutions

The growth of cities and rising traffic congestion create strong prospects for hybrid vehicle adoption. Urban traffic patterns, characterized by frequent stops, allow hybrids to maximize fuel efficiency through regenerative braking and reduced emissions. Municipal policies such as low-emission zones and incentives for eco-friendly transport further encourage hybrid use. Commuters and fleet operators, including taxis and ride-sharing services, increasingly favor hybrids to lower fuel costs and meet sustainability goals. As urban populations grow and cities implement green transportation initiatives, hybrid vehicles are strategically positioned to serve urban mobility needs, offering efficient, environmentally conscious alternatives to conventional vehicles.

Threat:

Competition from electric vehicles (EVs)

The expansion of fully electric vehicles presents a major challenge for hybrid sales. EVs deliver zero emissions, lower fuel and maintenance costs, and benefit from growing charging networks, attracting eco-conscious buyers. Government policies, subsidies, and manufacturer focus on EVs enhance their competitiveness, positioning hybrids as interim rather than permanent solutions. This shift in consumer preference could reduce hybrid demand, compelling automakers to innovate and differentiate their products. Without proactive strategies, hybrid vehicles risk losing market share to fully electric alternatives, particularly in regions with strong EV adoption, comprehensive incentives, and increasing public awareness of sustainable transportation.

Covid-19 Impact:

The global COVID-19 crisis disrupted the hybrid vehicle industry by affecting production, supply chains, and consumer demand. Factory shutdowns, workforce limitations, and restrictions delayed manufacturing and new model launches. Economic uncertainty reduced buyers' willingness to invest in costlier hybrid vehicles, while shortages of critical components, such as batteries and semiconductors, slowed delivery and market expansion. Nevertheless, heightened focus on sustainability and government initiatives supporting eco-friendly transportation partially offset these challenges. While the pandemic temporarily hindered sales and growth, it also emphasized the significance of clean mobility solutions, strengthening long-term prospects for hybrid vehicles and encouraging manufacturers to invest in resilient and sustainable strategies.

The passenger cars segment is expected to be the largest during the forecast period

The passenger cars segment is expected to account for the largest market share during the forecast period. Individual buyers increasingly prefer hybrids for their fuel efficiency, lower emissions, and cost savings, making them the most popular choice. Automakers continue to enhance hybrid car offerings with innovative features such as energy-efficient batteries, lightweight construction, and regenerative braking systems. Urban policies, subsidies, and tax incentives further encourage adoption. The segment's dominance reflects strong consumer interest in environmentally friendly and technologically advanced personal vehicles, positioning passenger cars as the primary driver of hybrid vehicle market growth and highlighting the shift toward sustainable personal transportation globally.

The plug-in hybrid electric vehicle (PHEV) segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the plug-in hybrid electric vehicle (PHEV) segment is predicted to witness the highest growth rate. Rising preference for vehicles that combine electric-only driving with traditional fuel engines fuels this trend. PHEVs attract environmentally conscious consumers aiming to reduce emissions and fuel expenses while maintaining flexibility. Improvements in battery technology, charging systems, and energy management enhance their appeal. Supportive government policies, financial incentives, and stricter emission standards further accelerate adoption. As consumers increasingly seek sustainable and technologically advanced mobility solutions, the PHEV segment continues to grow at a remarkable pace, establishing itself as the most rapidly expanding category in the hybrid vehicle market.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share due to robust government support, heightened environmental awareness, and rapid urban growth. Key markets like Japan, China, and South Korea lead in hybrid adoption, driven by consumers' demand for efficient, low-emission vehicles. Automakers are actively introducing new hybrid models equipped with advanced technologies to cater to this demand. Policy measures, such as subsidies, tax reductions, and low-emission regulations, further stimulate market growth. Combined with a strong automotive industry and increasing preference for sustainable personal transportation, Asia-Pacific remains the largest contributor to global hybrid vehicle sales, highlighting the region's critical role in shaping the market's expansion.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR. Rising awareness of environmental issues, favorable government incentives, and stringent emission standards are encouraging consumers to adopt hybrid vehicles. Improvements in charging infrastructure, a wide range of hybrid models, and focus on sustainable mobility accelerate market expansion. Automakers are investing in research and innovation to cater to the increasing demand from environmentally conscious buyers and city commuters. These factors collectively drive a high compound annual growth rate, making North America one of the most dynamic and rapidly expanding regions in the global hybrid vehicle market.

Key players in the market

Some of the key players in Hybrid Vehicle Sales Market include Toyota Motor Corporation, Honda Motor Co., Ltd., Ford Motor Company, Hyundai Motor Company, Kia Corporation, Nissan Motor Co., Ltd., BMW AG, AB Volvo, Daimler AG (Mercedes-Benz), BYD Company Ltd., General Motors Company, Mitsubishi Motors Corporation, Stellantis N.V., Subaru Corporation and Mazda Motor Corporation.

Key Developments:

In December 2025, Ford and Renault Group announced a landmark strategic partnership* aimed at expanding Ford's electric vehicles offering to European customers, significantly enhancing competitiveness for both companies in the rapidly evolving automotive landscape in Europe. A cornerstone of this collaboration is a partnership agreement for the development of two distinct Ford-branded electric vehicles.

In December 2025, Nissan Motor Co., Ltd. and Wayve announced the signing of definitive agreements to collaborate on integrating the next-generation ProPILOT series with Wayve AI technology across a broad range of Nissan vehicles. This partnership will combine Wayve's embodied AI software with Nissan's advanced driver-assistance systems to support both ADAS and point-to-point advanced driving.

In August 2025, Hyundai Motor Company and General Motors announced plans for their first five co-developed vehicles, marking a significant milestone in their previously announced strategic collaboration. The two companies will co-develop four vehicles for the Central and South American market, including a compact SUV, car and pick-up, as well as a mid-size pick-up, all with the flexibility to use either internal combustion or hybrid propulsion systems.

Vehicle Types Covered:

• Passenger Cars
• Commercial Vehicles

Propulsion Types Covered:

• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)

Components Covered:

• Battery
• Electric Motor
• Transmission

Fuel Categories Covered:

• Gasoline
• Diesel
• Alternative Fuels

Vehicle Body Types Covered:

• Sedan
• SUV
• Hatchback
• Other Vehicle Body Types

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 2024, 2025, 2026, 2028, and 2032
• 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 Emerging Markets
• 3.7 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 Vehicle Sales Market, By Vehicle Type

• 5.1 Introduction
• 5.2 Passenger Cars
• 5.3 Commercial Vehicles

6 Global Hybrid Vehicle Sales Market, By Propulsion Type

• 6.1 Introduction
• 6.2 Hybrid Electric Vehicle (HEV)
• 6.3 Plug-in Hybrid Electric Vehicle (PHEV)

7 Global Hybrid Vehicle Sales Market, By Component

• 7.1 Introduction
• 7.2 Battery
• 7.3 Electric Motor
• 7.4 Transmission

8 Global Hybrid Vehicle Sales Market, By Fuel Category

• 8.1 Introduction
• 8.2 Gasoline
• 8.3 Diesel
• 8.4 Alternative Fuels

9 Global Hybrid Vehicle Sales Market, By Vehicle Body Type

• 9.1 Introduction
• 9.2 Sedan
• 9.3 SUV
• 9.4 Hatchback
• 9.5 Other Vehicle Body Types

10 Global Hybrid Vehicle Sales Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Toyota Motor Corporation
• 12.2 Honda Motor Co., Ltd.
• 12.3 Ford Motor Company
• 12.4 Hyundai Motor Company
• 12.5 Kia Corporation
• 12.6 Nissan Motor Co., Ltd.
• 12.7 BMW AG
• 12.8 AB Volvo
• 12.9 Daimler AG (Mercedes-Benz)
• 12.10 BYD Company Ltd.
• 12.11 General Motors Company
• 12.12 Mitsubishi Motors Corporation
• 12.13 Stellantis N.V.
• 12.14 Subaru Corporation
• 12.15 Mazda Motor Corporation