市場調查報告書
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全球混合動力乘用車市場評估:依車輛類型、組件、地區、機會、預測(2017-2031)Hybrid Passenger Cars Market Assessment, By Vehicle Type, By Component, By Region, Opportunities and Forecast, 2017-2031F |
全球混合動力乘用車市場規模預計將從 2023 年的 1,578 億美元增至 2031 年的 4,997.6 億美元,2024-2031 年預測期間複合年增長率為 15.5%。對電動車的需求不斷增長、嚴格的政府法規以及不斷上漲的燃油價格正在推動市場成長。混合動力乘用車結合了兩個發電系統,包括傳統的汽油或柴油引擎和電動馬達。在駕駛混合動力乘用車時,駕駛可以改變或改變引擎的操作,從而在電動馬達和燃氣引擎之間切換。此外,對零排放汽車的需求不斷增長以及消費者可支配收入的增加正在為市場公司創造各種市場成長機會。
此外,各國政府也為購買混合動力乘用車提供稅收優惠和補貼,進一步增加了全球混合動力乘用車市場的需求。混合動力乘用車配備了再生煞車系統,該系統使用更少的燃料,使車輛更有效率。對低油耗和低二氧化碳排放車輛的需求不斷增長,正在加速全球混合動力乘用車市場的規模。混合動力乘用車製造商正在全球擴大業務,以滿足乘用車的需求,並在其汽車中引入新功能。汽車製造商與合作夥伴合作,推出了各種新技術來擴大客戶群。
例如,2023 年 2 月,Mercedes-BenzAG宣佈與Cisco合作,透過新型先進車輛Mercedes-Benz E-Class 提供最佳的行動辦公室體驗。此次合作將使客戶能夠安全、可靠、舒適地在車輛中工作。
汽油價格上漲和電池成本下降推動市場成長
燃油價格上漲和電池成本下降在全球混合動力乘用車需求成長中發揮關鍵作用。最常見的混合動力汽車類型使用內燃機(ICE)和電動馬達的組合,混合動力乘用車預計將在各國取代內燃機汽車。混合動力乘用車在節能方面很有效,因為它們可以在車輛怠速、停車或電動馬達能量充足時關閉發動機,從而使車輛在不開啟內燃機車輛的情況下行駛。此外,全球混合動力乘用車市場的製造商正在投資推出新型混合動力汽車,以擴大其在汽車市場的佔有率。
例如,2024年4月,Hyundai Motor Group宣佈計劃於2026年或2027年在印度推出首款混合動力車,以擴大其在主要汽車市場的影響力。由於該技術在印度的銷量不斷增加,汽油動力系統和電動馬達的混合動力使用正在推動。
混合動力乘用車對環境的正面影響推動了市場需求
混合動力乘用車比傳統乘用車排放更少的碳和其他污染物,提供更高的燃油效率,並減少對化石燃料的依賴。環保意識的提高正在推動世界各地對混合動力乘用車的需求。此外,混合動力乘用車將電動馬達與汽油引擎結合在一起,排放的二氧化碳更少。透過優化電池中儲存的電力,電動馬達可以在交通擁堵和低速城市行駛中獨立運作。因此,汽油引擎排放燃料和排放更少碳的需求減少了。此外,對混合動力乘用車的需求正在增加,因為透過使用電動馬達和再生製動,混合動力汽車有助於將傳統汽車通常會損失的低速能量轉化為可用電力。製造商正在大力創新電動車技術,以支持未來的出行。
例如,Toyota宣佈了將為未來鋪平道路的新技術,重點是建立氫業務和創新電池電動車技術。Toyota宣佈了多種創新技術來改變公司的出行方式。
本報告研究和分析了全球混合動力乘用車市場,提供市場規模和預測、市場動態以及主要參與者的現狀和前景。
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.