Global Mild Hybrid Vehicles Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn in 2027 at a CAGR of 7.1% over the forecast period 2020-2027.
Global Mild Hybrid Vehicles Market
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Mild Hybrid Vehicles Market by region and on the key players’ revenue affected till April 2020 and expected short term and long-term impact on the market.
Global Mild Hybrid Vehicles Market Dynamics.
The Automotive sector uses over a quarter of the world’s energy and is responsible for a major share of global 〖CO〗_2 emissions from fossil fuel combustion. Automotive sectors require both systemic and more specific technological solutions such as smart growth, urban planning for fewer motorized trips, increased modal share of non-motorized and public transport, shifting incentives to more efficient and less polluting modes and technologies such as electrical vehicles, mild hybrid vehicles, and hybrid vehicles. Mild hybrids vehicles are taking advantage of the best available and most fuel and energy-efficient technologies. Many suppliers and OEMs have commercialised this mild-hybrid technology globally. Global suppliers like Continental, Bosch, and Delphi have already commercialised this technology and some are already in serial production. Bosch hopes approximately 4 million new vehicles with its mild hybrid configuration will be available worldwide by the end of 2020. Mild hybrid vehicles are conventional vehicles with oversized starter motors, allowing the engine to be turned off whenever the car is coasting, braking, or stopped, yet restart quickly and cleanly. Various factors such as increasing emission norms about 〖CO〗_2 emissions, high fuel efficiency, supportive government initiatives, and continuous reduction in battery prices are driving the global mild-hybrid vehicle market over the forecast period.
However, factors such as high vehicle cost, insufficient infrastructure, and high development cost, and less awareness in underdeveloped countries are restraining the market growth over the forecast period.
Global Mild Hybrid Vehicles Market is segmented by capacity, by vehicle type, by battery type, and by Region. By battery capacity, 48V and above capacity segment held 38.65% of market share in 2019 and is expected to keep its dominance over the forecast period. As consumers across the world are now demanding environmental-friendly vehicles, the 48-volt mild-hybrid vehicle and above capacity electrical system has emerged as the new saviour. The 48V and above battery capacity system does not require any vehicle manufacturer to overhaul its existing setup as it is a complementary technology. In Europe, there are a few automobile manufacturers, such as Renault and Audi, who have delivered the 48V mild hybrid cars on the roads. Continental AG is deeply engaged with this technology and has gained formidable expertise. By vehicle type, passenger vehicle dominated the global market in 2019 and is expected to keep its dominance over the forecast period. A popular example of a mild hybrid vehicle was introduced by India’s biggest passenger car maker, Maruti Suzuki, with the 2015 Maruti Suzuki Ciaz SHVS Hybrid (Diesel). The Ciaz utilises Suzuki’s proprietary version of mild hybridisation known as SHVS (Smart Hybrid Vehicle by Suzuki) technology.
By geography, APAC dominated the global mild-hybrid vehicle market with xx% of market share in 2019 and is expected to keep its dominance over the forecast period owing to increasing sales of mild hybrid vehicles in China, Japan, and South Korea. The Chinese market is expected to grow at the highest CAGR of 8.6% over the forecast period. The country now has a larger mild-hybrid vehicle market than Europe and the United States. With a sales share of around 94 percent, domestic OEMs currently dominate the Chinese mild-hybrid vehicle market. Generous subsidies and tight regulations are driving market growth. Hybrid vehicles are exempt from license-plate lotteries and auctions in some Chinese cities, and this still plays an instrumental role in promoting mild hybrid vehicles. Furthermore, China’s national and local subsidies for mild hybrid vehicles are among the world’s highest, reducing consumer concerns about the comparatively high up-front cost. APAC is followed by Europe and North America. Europe is expected to hold xx% of market share over the forecast period. Many European governments and cities such as Norway, Denmark, the Netherlands, France, UK, as well as Oslo, Amsterdam, Paris, and London are incentivizing and subsidizing consumers to opt for mild hybrid mobility, each with their schemes.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators and company profiles of market leaders, potential players, and new entrants. Some of the major key players such as Suzuki Motor Corporation, Toyota Motor Corporation, Volvo Group, Audi AG, Audi AG, Nissan Motor Co. Ltd, Honda Motor Company Ltd, Suzuki Motor Corporation. These key players held more than 65% market share of the global mild hybrid vehicles market in 2019 and expected to keep dominance over the forecast period. These Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches, and patent to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Mild Hybrid Vehicles Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Mild Hybrid Vehicles Market dynamics, structure by analyzing the market segments and project Global Mild Hybrid Vehicles Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Mild Hybrid Vehicles Market make the report investor’s guide.
Scope of Global Mild Hybrid Vehicles Market
Global Mild Hybrid Vehicles Market Segmentation by Capacity
• Up to 12 V
• 12 V to 24 V
• 24 V to 48 V
• 48V and Above
Global Mild Hybrid Vehicles Market Segmentation by Vehicle Type
• Passenger Cars
• Commercial Vehicle
Global Mild Hybrid Vehicles Market Segmentation by Battery Type
Global Mild Hybrid Vehicles Market Segmentation by Region
• North America
• MEA& Africa
• South Africa
Global Mild Hybrid Vehicles Market Major Players
• Suzuki Motor Corporation
• Toyota Motor Corporation
• Volvo Group
• Audi AG
• Groupe PSA
• Changan Automobile (Group) Co., Ltd
• Honda Motor Company
• Daimler AG
• Volkswagen AG
• BMW AG
• General Motors Company
For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-mild-hybrid-vehicles-market/65716/
This Report Is Submitted By :Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Address:Pune, Maharashtra 411051, India.