Plug-in Hybrid Electric Vehicle Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle), By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid), By Range (Up to 40 km, 40 to 60 km, Above 60 km), By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh), By Region, Competition

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Summary

Report Description

Global Plug-in Hybrid Electric Vehicle Market size has increased in 2021 when compared with total sales of plug in hybrid vehicles in 2020. In plug-in hybrid electric vehicles (PHEVs), an internal combustion engine and the electric motor are powered by gasoline and batteries, respectively. Regenerative braking, wall outlets, or charging equipment have all been used to charge Plug In Hybrid Vehicle batteries. Automobile can fully run on electric motor until battery depletes and later it automatically switches back to ICE vehicle. Battery pack, charging port, DC/DC converter, electric generator, electric traction motor, power electronics controller, onboard charger, internal combustion engine (spark-ignited), etc. are some of the components that make up a plug-in hybrid electric vehicle.

The global electric vehicle market has shown significant growth in 2021. The Plug-in Hybrid Electric Vehicle Market increased its overall share in 2021 and is expected to develop at a gradual pace in the projected years. Along with plug-in hybrid electric passenger vehicles, there are various light-duty plug-in hybrid electric vehicle models currently on the market.

The vehicle industry saw a decline in sales in 2020 and 2021 as a result of COVID 19, which linked to weaker economic growth. Restrictions on the import of parts from China had an impact on the majority of factories and assembly lines for the manufacture of automobiles. The International Organization of Motor Vehicle Manufacturers (OICA) estimates that worldwide vehicle manufacturing fell by 13% in 2021, compared to 2019.

Furthermore, the market for plug-in hybrid electric vehicles is seeing an increase in demand due to the growing trend for zero-emission vehicles and limited range of 40-60 km for daily commute, which is boosting sales of electric vehicles globally.


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Increasing Demand for Electric Vehicles and Environment Concerns

Many governments are focusing on lowering the usage of cars which emit Greenhouse gases and fuel-based energy while also supporting low-carbon energy alternatives. The demand for electric vehicles is increasing as technology advances, which in turn affects the size of the electric vehicle market. According to the IEA, the total number of electric vehicles sold in 2021 reached to more than 6.8 million units. Additionally, China sold twice as many PHEVs in 2021 than 2020, reaching more than 600,000 units. Overall, as a result of the aforementioned factors, demand for PHEV vehicles is expected to rise in the upcoming years.

Rising Demand for Everyday Short Distance Travel

Many consumers continue to prioritize driving range of electric vehicle. In order to increase sales, automakers often strive for longer ranges. New  plug in hybrid vehicle models average driving range increased by 8.5% in 2021 and surpassed 60 km, which increases demand for everyday short commute travel. Many consumers prefer PHEV over ICE vehicles due to additional advantage of extended EV range for daily commute. Nearly two third of the global market for electric cars share are captured by China, Europe, and the United States. Less than 5% of all sales are in developing nations such as Brazil, India, and Indonesia. However there has been considerable growth in recent years. In 2021, total plug in hybrid vehicle sales globally increased over 90% from the previous year, and the majority of plug in hybrid vehicles worldwide sales came from China.

High Initial Cost of Vehicle

Plug-in hybrid vehicles have an internal combustion engine and an electric motor. The availability of new plug-in hybrid electric models with larger batteries and lower rated CO2 emissions are factors contributing to this growth. Longer driving distance necessitates larger batteries, more resources, and more expensive components.. There are numerous factors that lead to a higher initial cost of purchasing, even if maintaining electric vehicles is less expensive than maintaining internal combustion engines (ICE) which accounts for slower adoption in many countries. However, some of the costs can be mitigated by fuel savings, and other financial incentives and subsidies. However, the high overall cost of plug-in hybrid vehicle over ICE vehicles is anticipated to slow down the plug-in hybrid electric market growth.

Market Segmentation

The global plug-in hybrid electric market is segmented by vehicle type, by powertrain, by range, by battery capacity, and by region. On the basis of vehicle type, the market is segmented into Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle. Based on powertrain, the market is divided into Series Hybrid, Parallel Hybrid, Combined Hybrid. Based on range the market is segmented into Up to 40 km, 40 to 60 km, Above 60 km. Based on battery capacity it is further divided into Less than 10 kWh, 10 to 20 kWh, More than 20 kWh. The market analysis also studies the regional segmentation to devise regional market, divided among Asia-Pacific, Europe & CIS, North America, South America, Middle East & Africa.

Company Profiles

Renault SA, Nissan Motor Corporation Ltd., Volkswagen AG, Honda Motor Company Ltd., General Motors, Ford Motor Company, Daimler AG, Bayerische Motoren Werke AG, Mitsubishi Heavy Industries Ltd., Toyota Motor Corporation are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Vehicle Type

Powertrain

By Range

By Battery Capacity

By Region

Regional Scope

Asia-Pacific, North America, Europe, Middle East & Africa, South America

Country Scope

United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, Russia, Sweden, Belgium, Denmark, Netherland, China, Japan, South Korea, India, Australia, Thailand, Israel, South Africa, Saudi Arabia, United Arab Emirates, Argentina, Brazil, Colombia.

Key Companies Profiled

 Renault SA, Nissan Motor Corporation Ltd., Volkswagen AG, Honda Motor Company Ltd., General Motors, Ford Motor Company, Daimler AG, Bayerische Motoren Werke AG, Mitsubishi Heavy Industries Ltd., Toyota Motor Corporation

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, global plug-in hybrid electric vehicle Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Plug-In Hybrid Electric Vehicle Market, By Vehicle Type:
    • Passenger Car
    • Light Commercial Vehicle
    • Medium & Heavy Commercial Vehicle

·         Plug-In Hybrid Electric Vehicle  Market, By Powertrain:

    • Series Hybrid
    • Parallel Hybrid
    • Combined Hybrid

·         Plug-In Hybrid Electric Vehicle Market, By Range:

    • Up to 40 km
    • 40 to 60 km
    • Above 60 km
  • Plug-In Hybrid Electric Vehicle Market, By Battery Capacity:
    • Less than 10 kWh
    • 10 to 20 kWh
    • More than 20 kWh
  • Plug-In Hybrid Electric Vehicle  Market, By Region:
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Thailand
    • North America
      • United States
      • Canada
      • Mexico
    • Europe & CIS
      • Germany
      • Russia
      • France
      • Spain
      • Italy
      • United Kingdom
      • Sweden
      • Belgium
      • Denmark
      • Netherland
    • South America
      • Argentina
      • Brazil
      • Colombia
    • Middle East and Africa
      • Israel
      • Saudi Arabia
      • United Arab Emirates
      • South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global Plug-in Hybrid Electric Vehicle Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Plug-in Hybrid Electric Vehicle Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Plug-in Hybrid Electric Vehicle Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Global Plug-in Hybrid Electric Vehicle Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume

6.1.2.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

6.2.2.     By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

6.2.3.     By Range (Up to 40 km, 40 to 60 km, Above 60 km)

6.2.4.     By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

6.2.5.     By Region

6.2.6.     By Company (2022)

6.3.  Global Plug-in Hybrid Electric Vehicle Market Mapping & Opportunity

6.3.1.     Market Mapping & Opportunity by Vehicle Type

6.3.2.     Market Mapping & Opportunity by Powertrain

6.3.3.     Market Mapping & Opportunity by Range

6.3.4.     Market Mapping & Opportunity by Battery Capacity

6.3.5.     Market Mapping & Opportunity by Region

7.    Asia Pacific Plug-in Hybrid Electric Vehicle Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume

7.1.2.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

7.2.2.     By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

7.2.3.     By Range (Up to 40 km, 40 to 60 km, Above 60 km)

7.2.4.     By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

7.3.  Asia Pacific Plug-in Hybrid Electric Vehicle Market Mapping & Opportunity

7.3.1.     Market Mapping & Opportunity by Vehicle Type

7.3.2.     Market Mapping & Opportunity by Country

7.4.  Asia Pacific: Country Analysis

7.4.1.     China Plug-in Hybrid Electric Vehicle Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Volume

7.4.1.1.2.             By Value

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

7.4.1.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

7.4.1.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

7.4.1.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

7.4.2.     India Plug-in Hybrid Electric Vehicle Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Volume

7.4.2.1.2.             By Value

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

7.4.2.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

7.4.2.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

7.4.2.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

7.4.3.     Japan Plug-in Hybrid Electric Vehicle Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Volume

7.4.3.1.2.             By Value

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

7.4.3.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

7.4.3.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

7.4.3.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

7.4.4.     South Korea Plug-in Hybrid Electric Vehicle Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Volume

7.4.4.1.2.             By Value

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

7.4.4.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

7.4.4.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

7.4.4.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

7.4.5.     Australia Plug-in Hybrid Electric Vehicle Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Volume

7.4.5.1.2.             By Value

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

7.4.5.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

7.4.5.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

7.4.5.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

7.4.6.     Thailand Plug-in Hybrid Electric Vehicle Market Outlook

7.4.6.1.         Market Size & Forecast

7.4.6.1.1.             By Volume

7.4.6.1.2.             By Value

7.4.6.2.         Market Share & Forecast

7.4.6.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

7.4.6.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

7.4.6.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

7.4.6.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

8.    North America Plug-in Hybrid Electric Vehicle Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume

8.1.2.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

8.2.2.     By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

8.2.3.     By Range (Up to 40 km, 40 to 60 km, Above 60 km)

8.2.4.     By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

8.2.5.     By Country

8.3.  North America Plug-in Hybrid Electric Vehicle Market Mapping & Opportunity

8.3.1.     Market Mapping & Opportunity by Vehicle Type

8.3.2.     Market Mapping & Opportunity by Country

8.4.  North America: Country Analysis

8.4.1.     United States Plug-in Hybrid Electric Vehicle Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Volume

8.4.1.1.2.             By Value

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

8.4.1.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

8.4.1.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

8.4.1.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

8.4.2.     Canada Plug-in Hybrid Electric Vehicle Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Volume

8.4.2.1.2.             By Value

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

8.4.2.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

8.4.2.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

8.4.2.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

8.4.3.     Mexico Plug-in Hybrid Electric Vehicle Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Volume

8.4.3.1.2.             By Value

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

8.4.3.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

8.4.3.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

8.4.3.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

9.    Europe & CIS Plug-in Hybrid Electric Vehicle Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume

9.1.2.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

9.2.2.     By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

9.2.3.     By Range (Up to 40 km, 40 to 60 km, Above 60 km)

9.2.4.     By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

9.3.  Europe Plug-in Hybrid Electric Vehicle Market Mapping & Opportunity

9.3.1.     Market Mapping & Opportunity by Vehicle Type

9.3.2.     Market Mapping & Opportunity by Country

9.4.  Europe & CIS: Country Analysis

9.4.1.     United Kingdom Plug-in Hybrid Electric Vehicle Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Volume

9.4.1.1.2.             By Value

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

9.4.1.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

9.4.1.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

9.4.1.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

9.4.2.     France Plug-in Hybrid Electric Vehicle Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Volume

9.4.2.1.2.             By Value

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

9.4.2.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

9.4.2.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

9.4.2.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

9.4.3.     Germany Plug-in Hybrid Electric Vehicle Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Volume

9.4.3.1.2.             By Value

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

9.4.3.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

9.4.3.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

9.4.3.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

9.4.4.     Russia Plug-in Hybrid Electric Vehicle Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Volume

9.4.4.1.2.             By Value

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

9.4.4.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

9.4.4.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

9.4.4.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

9.4.5.     Spain Plug-in Hybrid Electric Vehicle Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Volume

9.4.5.1.2.             By Value

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

9.4.5.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

9.4.5.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

9.4.5.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

9.4.6.     Italy Plug-in Hybrid Electric Vehicle Market Outlook

9.4.6.1.         Market Size & Forecast

9.4.6.1.1.             By Volume

9.4.6.1.2.             By Value

9.4.6.2.         Market Share & Forecast

9.4.6.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

9.4.6.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

9.4.6.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

9.4.6.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

9.4.7.     Sweden Plug-in Hybrid Electric Vehicle Market Outlook

9.4.7.1.         Market Size & Forecast

9.4.7.1.1.             By Volume

9.4.7.1.2.             By Value

9.4.7.2.         Market Share & Forecast

9.4.7.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

9.4.7.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

9.4.7.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

9.4.7.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

9.4.8.     Belgium Plug-in Hybrid Electric Vehicle Market Outlook

9.4.8.1.         Market Size & Forecast

9.4.8.1.1.             By Volume

9.4.8.1.2.             By Value

9.4.8.2.         Market Share & Forecast

9.4.8.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

9.4.8.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

9.4.8.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

9.4.8.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

9.4.9.     Denmark Plug-in Hybrid Electric Vehicle Market Outlook

9.4.9.1.         Market Size & Forecast

9.4.9.1.1.             By Volume

9.4.9.1.2.             By Value

9.4.9.2.         Market Share & Forecast

9.4.9.2.1.             By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

9.4.9.2.2.             By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

9.4.9.2.3.             By Range (Up to 40 km, 40 to 60 km, Above 60 km)

9.4.9.2.4.             By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

9.4.10.  Netherlands Plug-in Hybrid Electric Vehicle Market Outlook

9.4.10.1.      Market Size & Forecast

9.4.10.1.1.           By Volume

9.4.10.1.2.           By Value

9.4.10.2.      Market Share & Forecast

9.4.10.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

9.4.10.2.2.           By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

9.4.10.2.3.           By Range (Up to 40 km, 40 to 60 km, Above 60 km)

9.4.10.2.4.           By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

10.  South America Plug-in Hybrid Electric Vehicle Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Volume

10.1.2.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

10.2.2.  By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

10.2.3.  By Range (Up to 40 km, 40 to 60 km, Above 60 km)

10.2.4.  By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

10.3.              South America Plug-in Hybrid Electric Vehicle Market Mapping & Opportunity

10.3.1.  Market Mapping & Opportunity by Vehicle Type

10.3.2.  Market Mapping & Opportunity by Country

10.4.              South America: Country Analysis

10.4.1.  Argentina Plug-in Hybrid Electric Vehicle Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Volume

10.4.1.1.2.           By Value

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

10.4.1.2.2.           By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

10.4.1.2.3.           By Range (Up to 40 km, 40 to 60 km, Above 60 km)

10.4.1.2.4.           By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

10.4.2.  Brazil Plug-in Hybrid Electric Vehicle Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Volume

10.4.2.1.2.           By Value

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

10.4.2.2.2.           By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

10.4.2.2.3.           By Range (Up to 40 km, 40 to 60 km, Above 60 km)

10.4.2.2.4.           By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

10.4.3.  Colombia Plug-in Hybrid Electric Vehicle Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Volume

10.4.3.1.2.           By Value

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

10.4.3.2.2.           By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

10.4.3.2.3.           By Range (Up to 40 km, 40 to 60 km, Above 60 km)

10.4.3.2.4.           By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

11.  Middle East and Africa Plug-in Hybrid Electric Vehicle Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.1.2.  By Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

11.2.2.  By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

11.2.3.  By Range (Up to 40 km, 40 to 60 km, Above 60 km)

11.2.4.  By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

11.3.              Middle East and Africa Plug-in Hybrid Electric Vehicle Market Mapping & Opportunity

11.3.1.  Market Mapping & Opportunity by Vehicle Type

11.3.2.  Market Mapping & Opportunity by Country

11.4.              Middle East and Africa: Country Analysis

11.4.1.  Israel Plug-in Hybrid Electric Vehicle Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Volume

11.4.1.1.2.           By Value

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

11.4.1.2.2.           By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

11.4.1.2.3.           By Range (Up to 40 km, 40 to 60 km, Above 60 km)

11.4.1.2.4.           By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

11.4.2.  South Africa Plug-in Hybrid Electric Vehicle Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Volume

11.4.2.1.2.           By Value

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

11.4.2.2.2.           By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

11.4.2.2.3.           By Range (Up to 40 km, 40 to 60 km, Above 60 km)

11.4.2.2.4.           By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

11.4.3.  Saudi Arabia Plug-in Hybrid Electric Vehicle Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Volume

11.4.3.1.2.           By Value

11.4.3.2.      Market Share & Forecast

11.4.3.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

11.4.3.2.2.           By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

11.4.3.2.3.           By Range (Up to 40 km, 40 to 60 km, Above 60 km)

11.4.3.2.4.           By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

11.4.4.  United Arab Emirates Plug-in Hybrid Electric Vehicle Market Outlook

11.4.4.1.      Market Size & Forecast

11.4.4.1.1.           By Volume

11.4.4.1.2.           By Value

11.4.4.2.      Market Share & Forecast

11.4.4.2.1.           By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

11.4.4.2.2.           By Powertrain (Series Hybrid, Parallel Hybrid, Combined Hybrid)

11.4.4.2.3.           By Range (Up to 40 km, 40 to 60 km, Above 60 km)

11.4.4.2.4.           By Battery Capacity (Less than 10 kWh, 10 to 20 kWh, More than 20 kWh)

12.  Market Dynamics

12.1.              Drivers

12.1.1.  Increasing environment concerns

12.1.2.  Increasing demand for short distance travel

12.2.              Challenges

12.2.1.  High Initial Cost of Vehicle

12.2.2.  Strong Competition From Battery Electric Vehicle

13.  Market Trends and Developments

13.1.              Advanced technologies in electric vehicle battery system

13.2.              Increasing penetration of all types of electric vehicle

14.  Porter’s Five Forces Model

14.1.              Competition Landscape

14.2.              Buyer Power

14.3.              Supplier Power

14.4.              Threat of New Entrants

14.5.              Threat of Substitutes

15.  Competitive Landscape

15.1.              Renault SA

15.1.1.  Company Details

15.1.2.  Products & Services

15.1.3.  Financial (As Reported)

15.1.4.  Key Market Focus & Geographical Presence

15.1.5.  Recent Development

15.1.6.  Key Management Personnel

15.2.              Nissan Motor Corporation Ltd.

15.2.1.  Company Details

15.2.2.  Products & Services

15.2.3.  Financial (As Reported)

15.2.4.  Key Market Focus & Geographical Presence

15.2.5.  Recent Development

15.2.6.  Key Management Personnel

15.3.              Volkswagen AG

15.3.1.  Company Details

15.3.2.  Products & Services

15.3.3.  Financial (As Reported)

15.3.4.  Key Market Focus & Geographical Presence

15.3.5.  Recent Development

15.3.6.  Key Management Personnel

15.4.              Honda Motor Company Ltd.

15.4.1.  Company Details

15.4.2.  Products & Services

15.4.3.  Financial (As Reported)

15.4.4.  Key Market Focus & Geographical Presence

15.4.5.  Recent Development

15.4.6.  Key Management Personnel

15.5.              General Motors

15.5.1.  Company Details

15.5.2.  Products & Services

15.5.3.  Financial (As Reported)

15.5.4.  Key Market Focus & Geographical Presence

15.5.5.  Recent Development

15.5.6.  Key Management Personnel

15.6.              Ford Motor Company

15.6.1.  Company Details

15.6.2.  Products & Services

15.6.3.  Financial (As Reported)

15.6.4.  Key Market Focus & Geographical Presence

15.6.5.  Recent Development

15.6.6.  Key Management Personnel

15.7.              Daimler AG

15.7.1.  Company Details

15.7.2.  Products & Services

15.7.3.  Financial (As Reported)

15.7.4.  Key Market Focus & Geographical Presence

15.7.5.  Recent Development

15.7.6.  Key Management Personnel

15.8.              Bayerische Motoren Werke AG

15.8.1.  Company Details

15.8.2.  Products & Services

15.8.3.  Financial (As Reported)

15.8.4.  Key Market Focus & Geographical Presence

15.8.5.  Recent Development

15.8.6.  Key Management Personnel

15.9.              Mitsubishi Heavy Industries Ltd.

15.9.1.  Company Details

15.9.2.  Products & Services

15.9.3.  Financial (As Reported)

15.9.4.  Key Market Focus & Geographical Presence

15.9.5.  Recent Development

15.9.6.  Key Management Personnel

15.10.            Toyota Motor Corporation

15.10.1.                Company Details

15.10.2.                Products & Services

15.10.3.                Financial (As Reported)

15.10.4.                Key Market Focus & Geographical Presence

15.10.5.                Recent Development

15.10.6.                Key Management Personnel

16.  Strategic Recommendations

16.1.              Key Focus Areas

16.2.              Target Regions & Countries

16.3.              Target Type

16.4.              Target Category

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Increasing demand for zero emission electric vehicles along with new development in fluids drives the global plug-in hybrid electric vehicle market.

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Global plug-in hybrid electric vehicle market based on technology is segmented into Halogen, Xenon, LED, and other technologies.

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The major player contributing global Plug-in Hybrid Electric Vehicle Market are Afton Chemicals, Dober, Engineered Fluids Inc., ExxonMobil Corporation, FUCHS Petrolub AG, Castrol Limited etc.

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Due to new developments respect to vehicle models, the cost of electric fluids are high in current market which affect the growth of Plug-in Hybrid Electric Vehicle Market.

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Srishti Verma

Business Consultant
Press Release

Plug-In Hybrid Vehicle Market is Dominated by Asia Pacific Region

Feb, 2023

Rapid developments in battery technology and an upsurge in the demand of zero emission electric vehicles are driving the growth of the global plug-in hybrid vehicle market in the forecast period 2024

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