openPR Logo
Press release

Hybrid Vehicles Market: Development of Sophisticated Engines Lures in More Consumers

02-24-2017 11:43 AM CET | IT, New Media & Software

Press release from: TMR

Hybrid Vehicles Market: Development of Sophisticated Engines

The top four players in the global hybrid vehicles market are Toyota, Hyundai, Ford, and General Motors. These companies collectively accounted for a share of 19.5% in the global market in 2015. Transparency Market Research states that the continuous investment and ardent efforts to introduce new products that cater to the consumer needs are expected to keep these companies in the lead throughout the forecast period. “The players are also expected to focus on strategic partnerships and penetration into emerging economies in the coming few years,” states the lead author of the research report.

According to the research report, the global hybrid vehicles market was valued at US$75.52 bn in 2015. However, by the end of 2024, the global market is estimated to reach US$193.29 bn, as the market expands at a CAGR of 10.3% between 2016 and 2024.

Flourishing Automotive Industry of Asia Pacific Boosts Regional Market

Geographically, the global hybrid vehicles market is categorized into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Of these regions, Asia Pacific has held a dominant share in the global market and is estimated to continue its stance over the next few years. The flourishing automotive industry in the region and the growing sales of automobiles are expected to keep the Asia Pacific hybrid vehicles market at the forefront during the forecast period.

View Comprehensive Analysis of the Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18926

On the basis of type of vehicle, the global market is segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Of these, the passenger vehicles segment made a significant contribution to the soaring revenue of the global market. By the end of forecast period, the passenger vehicles segment is expected to account for a share of 56.6%. Design and development of eco-friendly passenger vehicles is expected to boost this segment in the coming years.

Increasing Concerns Pertaining to Environment Encourage Consumers to Opt for Hybrid Vehicles

Hybrid vehicles are known to have superior performance as compared to conventional vehicles as these do not require separate alternators and engine. The hybrid engines operate on multiple motors and generators, which offer improved performance as compared to regular vehicles. Hybrid vehicles have been gaining traction over the past few years as they are being specifically designed to have low emission and thus environment-friendly. The rising concerns pertaining to the environment amongst consumers and governments have augmented the demand for hybrid vehicles across the globe. The soaring prices of fuel as also expected to lure consumers toward hybrid vehicles as they are known to be fuel efficient.

High Cost of Developing Hybrid Engines Results in Unaffordable Selling Price

Though the hybrid systems are exceptionally sophisticated and being positioned as the future of the automotive industry, their future remains dependent on the high research and development costs. The report states that the high cost of researching and developing hybrid vehicles is expected to hamper the global market in the coming years. This cost eventually adds up to the selling price, which is makes the new-age vehicles unaffordable for consumers. The market is also likely to be restrained by the lack of awareness about hybrid vehicles amongst end users. Furthermore, the handful users who are aware continue to be skeptical about investing and using hybrid vehicles. Thus, hesitant outlook toward spending on hybrid vehicles is likely to challenge the growth of the global market.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us :-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hybrid Vehicles Market: Development of Sophisticated Engines Lures in More Consumers here

News-ID: 448624 • Views:

More Releases from TMR

Emerging Opportunities in Logistics Market with Current Trends Analysis
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031. The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,

All 5 Releases


More Releases for Hybrid

WHAT IS A Hybrid System Market AND WHY IT MATTERS | Adgero Hybrid Systems, Valeo …
The ‘ Hybrid System market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Hybrid System derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested
Electric Bus Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Ve …
Electric bus or e-bus is a bus that does not have traditional ICE engine for its propulsion and is completely electric. E-bus is driven by an on-board electric motor that receives the power from on-board batteries or set of batteries. Electric buses are considered as eco-friendly as they do not produces any pollutants are also economical when compared with traditional gasoline/diesel buses. Download PDF Sample Copy @ www.theinsightpartners.com/sample/TIPAT00002413/?utm_source=openpr&utm_medium=10387 Major Players in the
Hybrid Adhesives & Hybrid Sealants Market worth 7.54 Billion USD by 2022
The report "Hybrid Adhesives & Hybrid Sealants Market by Resin Type (MS Polymer Hybrid, Epoxy-Polyurethane, Epoxy-Cyanoacrylate), Application (Building & Construction, Automotive & Transportation, Industrial Assembly), and Region - Global Forecast to 2022", The hybrid adhesives & hybrid sealants market is projected to grow from USD 4.60 Billion in 2016 to USD 7.54 Billion by 2022, at a CAGR of 8.6% during the forecast period. Browse 72 Market Data Tables and 31
Hybrid Vehicles Market 2026 | Gasoline Hybrid, Diesel Hybrid, Parallel Hybrid, S …
Research Report Insights in its report titled “Hybrid Vehicles Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” offers detailed insights and in-depth research on the global hybrid vehicles market over a 10-year forecast period 2016 – 2026. The report covers the important factors driving the growth of the global hybrid vehicles market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global hybrid vehicles market and other
Hybrid Tbilisi
Reflections on Architecture in Georgia The Caucasian metropolis of Tbilisi is in a permanent state of transformation. Spectacular new buildings contrast with late-Soviet formal experiments such as the Ministry of Highway Construction, an icon of Soviet brutalism. Meanwhile, palaces, administration buildings, and museums by European architects from the early-twentieth century are fading into oblivion, while entire streets around them are being reconstructed. Georgia’s capital appears like something of a paradox: on
Hybrid and Electric Vehicles Market,Hybrid and Electric Vehicles Industry, Globa …
Latest industry research report on: Global Hybrid and Electric Vehicles Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This report studies the global Hybrid and Electric Vehicles market status and forecast, categorizes the global Hybrid and Electric Vehicles market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia