Hybrid System Automotive Market: 2018 Global Size, Share, Regional, Key Players - Aisin Seiki, American Axle, GKN, Magna, Dana Holding, Delphi Analysis To 2023

April. 5, 2018 (NEWS) - Hybrid System Automotive Market Research Report 2018 Automotive Market by Type (Start-Stop, Regenerative Braking, EV Drive), Component (Battery, DC / DC Converter, DC / AC Inverter, e-motor), Battery Type (Li-Ion, Lead Acid), Electric Vehicle Type (HEV, PHEV, EV), and by Region (North America, Asia-Pacific, Europe and Rest of the World). The global market of hybrid automotive market wants to grow at a rapid pace over the forecast period. The Hybrid System Automotive market is expected to grow to over the CAGR of around 11.25% during the period 2017 to 2023.

The increase in sales of hybrid electric vehicles will result in the growth of the hybrid automotive market during the forecast period. Factors such as government initiative to reduce hazardous emissions and the growing fuel prices have led to the growth of the market during the forecast period. Along with agencies, as European Environment Agency and others, have made stringent regulations on vehicles to reduce the emission. As a result, a large pool of population have shifted their preferences towards electric vehicles such as e-bikes. This change in preference towards electric vehicle will result in increased use of hybrid systems. The market is expected to reach $ 38.5 billion by 2023 at a CAGR of 11.25% during the forecast period.

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Hybrid System Automotive Market Companies Analyzed in report:

Aisin Seiki Co., Ltd. (Japan), American Axle & Manufacturing, Inc. (US), GKN plc. (US), Magna International Inc. (Canada), BorgWarner Inc. (US), Dana Holding Corporation (US), JTEKT Corporation (Japan), TM4 (Canada), Magtec (UK), Delphi Automotive LLP (UK), Visedo (Finland), Parker Hannifin Corp (US), Punch Powertrain Nv (Belgium), AVTEC LTD (India), AxleTech International SAS (US).

The factors responsible for the growth of the hybrid system are automotive market, stringent regulation for emission, increasing sales of electric driven vehicles, and increasing fuel prices. The surge in the demand for electric vehicle will result in the increased use of hybrid systems in the vehicle, which will drive the market in future. According to Automobile Association of America (AAA), lower gas prices do not have any enthusiasm for electric cars. As per the market research, the demand for electric car is likely to increase in the forecast period. More than 30 million Americans are likely to buy electric cars as their next vehicle. This trend is majorly influenced by compliance and the commitment of general masses towards environmental concerns and carbon reduction. Heading towards APAC region, China has named itself as the leading market for electric vehicles. Over the past decade, it has become increasingly expensive. Due to these factors, the mindset of a large pool of population is shifting towards their preference for electric vehicles. 70% of year-over-year growth in the sales. This increase in fuel prices will result in the growing demand for hybrid system in electric vehicle. crude oil is rising day by day. Due to these factors, the mindset of a large pool of population is shifting towards their preference for electric vehicles. 70% of year-over-year growth in the sales. This increase in fuel prices will result in the growing demand for hybrid system in electric vehicle. crude oil is rising day by day. Due to these factors, the mindset of a large pool of population is shifting towards their preference for electric vehicles. 70% of year-over-year growth in the sales. This increase in fuel prices will result in the growing demand for hybrid system in electric vehicle. 70% of year-over-year growth in the sales. This increase in fuel prices will result in the growing demand for hybrid system in electric vehicle. 70% of year-over-year growth in the sales. This increase in fuel prices will result in the growing demand for hybrid system in electric vehicle.

Market Segmentation:

The Hybrid System Automotive market is segmented based on type, component, battery type, electric vehicle type, and region. On the basis of system type, the market as segmented based start-stop, regenerative braking, EV drive, others. The regenerative braking segment is expected to dominate the market during the forecast period because it reduces fuel consumption and increases the efficiency of the car by 10-25%. This increase in fuel efficiency will result in the growth of the segment in future. On the basis of component, the market is segmented based on battery, DC / DC converter, DC / AC inverter, and eMotor. The battery segment is expected to dominate the market during the forecast period because it is the key component in electric vehicle.Battery helps in the storage of power which drives the electric vehicle.

Geographic Analysis:

On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. This market has a substantial growth over the course of the year. Among the regions covered by Asia and Pacific has been accounted for by the largest market. Major factors that have driven the hybrid system market in Asia are increasing demand for electric vehicles. China is the largest market for hybrid system production and has produced 40% of the total electric vehicle globally in 2016. Overtaking the US, China is now the most attractive country for hybrid systems in electric vehicles.

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Target Audience of Report:

This report is based on Hybrid System Automotive market Manufacturers, Distributors & Suppliers, and end Users. Investment bankers and consultants with end user for hybrid system. And finally Government and Independent Regulatory Authorities involved with Global Hybrid System.

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