Paving the Way for Eco-Friendly Mobility
Pune, 05.08.2023 – The Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market is gaining substantial traction, recording a valuation of US$ 22.15 billion in 2022. A remarkable growth of approximately 13% is anticipated from 2023 to 2029, catapulting the market value to nearly US$ 52.12 billion. MMR's latest market report offers a comprehensive overview of the market's values, scope, research methodology, drivers, restraints, and regional trends, providing crucial insights for industry stakeholders.
Market Overview:
The Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market witnesses the integration of electric motors and internal combustion engines, creating a dynamic blend of eco-friendly performance and traditional power. Operating on electrical power stored in batteries to complement engine propulsion, PHEVs offer extended driving distances, showcasing their efficiency and versatility.
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What are Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market Dynamics:
The comprehensive report equips industry stakeholders with a holistic assessment of the Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market. Analyzing market dynamics, competitive landscape, and growth strategies, the report offers indispensable insights to seize emerging opportunities and address challenges effectively.
Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market Regional Insights:
Asia Pacific emerges as a pivotal market for Plug-in Hybrid Electric Vehicles, with robust growth projected, driven by countries such as Japan and China. Initiatives to reduce greenhouse gas emissions in India and South Korea contribute to the surge in demand for PHEVs, bolstering the sale of solar modules. Governments in the region incentivize the adoption of renewable energy vehicles through tax reductions, further fostering the market's growth. As a result, the Asia Pacific region is poised to lead the Automotive Plug-in Hybrid Electric Vehicle (PHEV) market.
Europe exhibits rapid growth potential, showcasing a burgeoning infrastructure for electric and hybrid vehicles. Middle East and Africa, while slower in growth, remain a significant part of the global Plug-in Hybrid Electric Vehicle landscape.
Competitive Landscape:
Toyota Motors has embarked on the Plug-in Hybrid Electric Vehicle (PHEV) journey, unveiling the Corolla and Levin in the passenger vehicle segment in 2021. These vehicles boast a hybrid engine that collaborates seamlessly with electric motors. Toyota's strategic interest also extends to battery and inverter production in China, signifying a commitment to sustainable mobility.
Tesla, the pioneering US car manufacturer, holds a prominent position in the electric vehicle and green energy sector. With a strong portfolio in both fully electric and plug-in hybrid electric vehicles, Tesla continues to lead innovation in the industry.
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What is Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market Segmentation:
By end-user segment, the Passenger Vehicle category stood at a valuation of US$ xx million in 2022, predicted to soar to US$ xx million by 2029, achieving a compelling CAGR during the forecast period.
by Product Type
Series
Parallel
Series-Parallel
by End User
Passenger Vehicles
Commercial Vehicles
by Battery Type
Lithium-ion
Lead-Acid
Lead carbon
Who are Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market Key Players:
1. Volkswagen
2. Toyota
3. Ford
4. Mahindra
5. Nissan
6. GM
7. Sono Motors
8. Cruise Car
9. Solar Electric Vehicle Company
10. Bayerische Motoren Werke AG
11. Honda Motor Co., Ltd.
12. Mitsubishi Motors
13. Toyota Motor Corporation
14. Tesla Motors, Inc.
15. Groupe Renault
16. Daimler AG
17. Groupe PSA
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Table of content for the Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market includes:
- Global Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market : Research Methodology
- Global Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market : Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
3.Global Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market : Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- MA by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market Segmentation
- Global Market, by Product Type (2022-2029)
- Global Market, by End User(2022-2029)
- Global Market, by Battery Type (2022-2029)
- Regional Global Automotive Plug-in Hybrid Electric Vehicle (PHEV) Market (2022-2029)
- Regional Market, by Product Type (2022-2029)
- Regional Market, by End User (2022-2029)
- Regional Market, by Battery Type (2022-2029)
- Regional Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Type , Technology and End-User
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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