市场调查报告书
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全球混合动力乘用车市场评估:依车辆类型、组件、地区、机会、预测(2017-2031)Hybrid Passenger Cars Market Assessment, By Vehicle Type, By Component, By Region, Opportunities and Forecast, 2017-2031F |
全球混合动力乘用车市场规模预计将从 2023 年的 1,578 亿美元增至 2031 年的 4,997.6 亿美元,2024-2031 年预测期间复合年增长率为 15.5%。对电动车的需求不断增长、严格的政府法规以及不断上涨的燃油价格正在推动市场成长。混合动力乘用车结合了两个发电系统,包括传统的汽油或柴油引擎和电动马达。在驾驶混合动力乘用车时,驾驶可以改变或改变引擎的操作,从而在电动马达和燃气引擎之间切换。此外,对零排放汽车的需求不断增长以及消费者可支配收入的增加正在为市场公司创造各种市场成长机会。
此外,各国政府也为购买混合动力乘用车提供税收优惠和补贴,进一步增加了全球混合动力乘用车市场的需求。混合动力乘用车配备了再生煞车系统,该系统使用更少的燃料,使车辆更有效率。对低油耗和低二氧化碳排放车辆的需求不断增长,正在加速全球混合动力乘用车市场的规模。混合动力乘用车製造商正在全球扩大业务,以满足乘用车的需求,并在其汽车中引入新功能。汽车製造商与合作伙伴合作,推出了各种新技术来扩大客户群。
例如,2023 年 2 月,Mercedes-BenzAG宣布与Cisco合作,透过新型先进车辆Mercedes-Benz E-Class 提供最佳的行动办公室体验。此次合作将使客户能够安全、可靠、舒适地在车辆中工作。
汽油价格上涨和电池成本下降推动市场成长
燃油价格上涨和电池成本下降在全球混合动力乘用车需求成长中发挥关键作用。最常见的混合动力汽车类型使用内燃机(ICE)和电动马达的组合,混合动力乘用车预计将在各国取代内燃机汽车。混合动力乘用车在节能方面很有效,因为它们可以在车辆怠速、停车或电动马达能量充足时关闭发动机,从而使车辆在不开启内燃机车辆的情况下行驶。此外,全球混合动力乘用车市场的製造商正在投资推出新型混合动力汽车,以扩大其在汽车市场的占有率。
例如,2024年4月,Hyundai Motor Group宣布计划于2026年或2027年在印度推出首款混合动力车,以扩大其在主要汽车市场的影响力。由于该技术在印度的销量不断增加,汽油动力系统和电动马达的混合动力使用正在推动。
混合动力乘用车对环境的正面影响推动了市场需求
混合动力乘用车比传统乘用车排放更少的碳和其他污染物,提供更高的燃油效率,并减少对化石燃料的依赖。环保意识的提高正在推动世界各地对混合动力乘用车的需求。此外,混合动力乘用车将电动马达与汽油引擎结合在一起,排放的二氧化碳更少。透过优化电池中储存的电力,电动马达可以在交通拥堵和低速城市行驶中独立运作。因此,汽油引擎排放燃料和排放更少碳的需求减少了。此外,对混合动力乘用车的需求正在增加,因为透过使用电动马达和再生製动,混合动力汽车有助于将传统汽车通常会损失的低速能量转化为可用电力。製造商正在大力创新电动车技术,以支持未来的出行。
例如,Toyota宣布了将为未来铺平道路的新技术,重点是建立氢业务和创新电池电动车技术。Toyota宣布了多种创新技术来改变公司的出行方式。
本报告研究和分析了全球混合动力乘用车市场,提供市场规模和预测、市场动态以及主要参与者的现状和前景。
Global hybrid passenger cars market is anticipated to observe a CAGR of 15.5% during the forecast period 2024-2031, rising from USD 157.8 billion in 2023 to USD 499.76 billion in 2031. Increased demand for electric mobility, strict government regulations, and growing fuel prices are driving the growth of global hybrid passenger car market. A hybrid passenger car combines two power-generative systems including a conventional petrol or diesel engine and an electric motor. While driving a hybrid passenger car, a driver can change and shift the engine operations, thereby changing between an electric motor and a gas engine, which drives the demand for hybrid passenger cars in the forecast period. In addition, the rising demand for zero-emission vehicles and the increased disposable income of consumers are creating different market growth opportunities for the market players.
Also, on purchasing hybrid passenger cars, governments of different countries are providing tax rebates and grants which further raise the global hybrid passenger cars market demand. In hybrid passenger cars, due to the installation of a regenerative braking system, fuel usage is less, making the vehicle more efficient. The rising demand for fuel-efficient and minimum-carbon-emission vehicles is accelerating the global hybrid passenger cars market size. Manufacturers of hybrid passenger cars are introducing new features in the cars to address the demand for passenger cars and expanding their footprint across the globe. Automakers collaborated with partners to expand their customer base and announced a range of new technologies.
For instance, in February 2023, Mercedes-Benz AG announced a partnership with Cisco to offer an optimal mobile office experience in its new and advanced Mercedes-Benz E Class vehicles. The partnership helps customers to get work done securely, safely, and comfortably in their vehicles.
Expected Rise in Petrol Prices and Reduction in Cost of Batteries Drives the Market Growth
Increase in fuel prices and reductions in battery costs are playing an important role in raising the demand for hybrid passenger cars across the globe. Hybrid passenger cars are anticipated to replace internal combustion engine (ICE) cars across different countries because the most common types of hybrid vehicles use a combination of an internal combustion engine and an electric motor. Hybrid passenger cars are effective in conserving energy by shutting down the engine when a vehicle is idle, parked, or when the energy of the electric motor is sufficient to run the vehicle without turning on the ICE. In addition, manufacturers in global hybrid passenger cars market are investing in introducing new hybrid cars to expand their presence in the automotive market.
For instance, in April 2024, Hyundai Motor Group announced its plans to launch its first hybrid cars in India in 2026 or 2027 to boost its presence in a key auto market. The hybrid use of a petrol powertrain and an electric motor is propelled by increased sales of this technology across India.
Positive Environmental Impact of Hybrid Passenger Cars Drive the Market Demand
Hybrid passenger cars emit less carbon and other pollutants than conventional cars, offering superior fuel efficiency and decreasing dependency on fossil fuels. Rising environmental awareness is propelling the demand for hybrid passenger cars across the globe. Also, a hybrid passenger car is a combination of an electric motor and a gasoline engine which results in emitting less carbon. The electric motor can function independently in traffic and low-speed city driven by optimizing the electricity stored in the battery. It decreases the requirement for gasoline engines to exhaust fuel and emit carbon. In addition, the demand for hybrid passenger cars is rising as hybrid vehicles help in converting the energy into usable power by using electric motors and regenerative braking during low-speed driving which is usually lost in conventional vehicles. Manufacturers are significantly working on innovating EV technology to support the future of mobility.
For instance, Toyota announced a new technology to pioneer the future by focusing majorly on the establishment of a hydrogen business and innovative battery EV technology. Toyota announced a range of innovative technologies that help transform the company's mobility.
Government Environmental Standards and Policies Propel Market Growth
The range of government policies and incentives focused on motivating cleaner transportation choices is another driving factor for global hybrid passenger cars market growth in the forecast period. Different countries offer subsidies, grants, and tax incentives for buying hybrid passenger cars, propelling the global demand for hybrid passenger cars. In addition, governments across the globe are making strict laws for carbon-emission vehicles, which compelled manufacturers to introduce new and advanced vehicles. Besides, hybrid passenger cars release less carbon and are more fuel-efficient than conventional automobiles. The sales of these automobiles are rising due to the government offering different attractive subsidies and incentives.
For instance, in March 2024, in India, the Minister of Road Transport and Highways announced a reduction in GST for passenger vehicles that utilize hybrid technology. The Government of India's financial initiative attracts many buyers and promotes manufacturing in India.
Mild Hybrid Passenger Cars Segment Dominating the Largest Market Share
The mild hybrid passenger car segment dominates the market growth due to increasing customer awareness concerning carbon emissions, strict regulations on environmental impact, and an increase in per capita income. Mild hybrid passenger cars are more fuel-efficient than conventional cars and highly preferred by consumers due to their design and low carbon emission features. In addition, the technology in these car segments intelligently recovers energy, which would usually be drained off when redeployed, and slows down to foster power to the engine for surged efficiency. In addition, mild hybrid passenger cars offer minimum carbon emissions and advanced fuel economy, and the advanced electrified powertrain makes the vehicle perfect for driving in heavy traffic and congested places. Moreover, manufacturers are introducing new mild hybrid passenger cars with the latest technologies and more fuel efficiency.
For instance, in April 2024, in South Africa, Toyota introduced a mild-hybrid version of the Fortuner SUV which is 5% more fuel-efficient than standard Fortuner 2.8 diesel. This MHEV features a 360-degree camera, ADAS, and idle start-stop technology.
Asia-Pacific Registers Dominating Global Hybrid Passenger Cars Market Share
Asia-Pacific registers the largest market share due to an increase in production and sales of hybrid passenger cars and rising stringent rules and regulations concerning carbon emissions. Fuel efficiency, stringent carbon emission, and government incentives in emerging countries of APAC are pushing automakers and purchasers to shift their preference toward hybrid passenger cars. Rapid urbanization and an increase in per capita income propelled the growth of global hybrid passenger cars market in the forecast period. It is projected that in Asia-Pacific, China dominates the largest market share due to the rise in the production of hybrid passenger cars and increasing transportation. Additionally, the 'Made in China 2025' initiative is projected to introduce different growth opportunities for hybrid passenger cars in China. Manufacturers are collaborating and establishing new facilities in the region to expand their product portfolio and their footprint.
For instance, GAC, a Chinese manufacturer announced the launch of Trumpchi E9 hybrid MPV on its home grass. It features hybrid tech and promises 136 km of range through an individual charge.
Future Market Scenario (2024 - 2031F)
Government incentives and grants to automakers and purchasers of hybrid passenger cars are expected to drive the demand in the forecast period.
Rising awareness concerning carbon emissions is accelerating the requirement for hybrid passenger cars.
Shifting consumer preference toward hybrid passenger cars and increase in per capita income, fostering the growth of global hybrid passenger cars market.
Increasing fuel prices and rapid urbanization push the global hybrid passenger car market demand.
Key Players Landscape and Outlook
Companies in the global hybrid passenger cars market are actively functioning to register the largest market share and expand their product portfolio. Giant market players invest in different research and development companies to introduce new products and feature vehicles with advanced technologies. In addition, market players are adopting different strategies such as partnerships, new product development, collaborations, amalgamation, joint ventures, mergers, and acquisitions to expand their footprint and improve their market position in global hybrid passenger cars market.
In April 2024, Ford Motor Co. announced plans to expand its hybrid offerings and drive sales significantly. The launch addresses a major concern about environmental impact.
In January 2024, General Motors announced it would bring back hybrid vehicles in North America to address the rising demand for hybrid vehicles and register the largest market size.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.