Hybrid Vehicle Transmission Market Overview, Top Companies, Region, Application and Forecast by 2027 - AVL List GmbH, Magna International (Getrag), Allison Transmission Inc

Market Intelligence Data has released a new report on the global Hybrid Vehicle Transmission market. The document gives a complete evaluation of the market. It understands market development through in-depth insights, tracking historical developments and analysing current scenarios and future forecasts based on optimistic and possible situations. The report provides detailed statistics on the Hybrid Vehicle Transmission market industry and its framework.

The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: AVL List GmbH, Magna International (Getrag), Allison Transmission Inc., Involution Technologies, Eaton, GKN Automotive, BorgWarner, Continental AG, Schaeffler Technologies AG & Co. KG, Dana Limited, Aisin Seiki Co. Ltd, JATCO Ltd, ZF Friedrichshafen AG, Suzhou Lvkon Transmission S&T Co., Ltd.

The Hybrid Vehicle Market was valued at USD 252.06 billion in 2020 and is expected to reach a value of USD 1166.65 billion by 2027, registering a CAGR of 30.13% during the forecast period.

Click Here To Get A Free Sample Copy:

https://www.marketintelligencedata.com/reports/501790/global-hybrid-vehicle-transmission-market-research-report-2021/inquiry?mode=ich_dhiraj

Market Overview

The outbreak of COVID-19 has hindered the growth of the hybrid vehicle market with continuous lockdowns and the subsequent economic slowdown across the world. In addition, the cost of hybrid vehicles and lack of charging infrastructure may also hinder the market's growth rate in emerging economies, as cost-sensitive customers find conventional IC engine vehicles affordable.

However, the sales of hybrid electric vehicles improved post June 2020 as lockdown lifted in most countries and forecasted period is expected to be optimistic as manufacturers are planning to launch new models to attract customers. In 2020, Toyota sold 337,000 hybrid vehicles in the United States, accounting for 16% of united states sales, and it plans to launch new models of hybrid electric vehicles in 2022.

Covid-19 Impact and Recovery Analysis:

The number one goal of this Hybrid Vehicle Transmission Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Hybrid Vehicle Transmission market document.

Hybrid Vehicle Transmission market Segmentation By Type:

Plug-in Hybrid Electric Vehicle (PHEV)

Micro Hybrid Electric Vehicle

Mild Hybrid Electric Vehicle

Full Hybrid Electric Vehicle

Hybrid Vehicle Transmission market Segmentation By Application:

Single Gear Transmission

Multi Gear Transmission

Key Market Trends

Increasing Government Subsidies and Policies to Drive Market

Globally, governments are offering many subsidies (tax rebates and incentives) for customers purchasing electric and hybrid vehicles. The Chinese government recently introduced measures to support the new energy vehicle (NEV) industry i.e., electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles – which was hit hard by the COVID-19 outbreak by extending tax exemptions and subsidies that were set to expire by 2020 and hinted at new investments that could further boost the country’s hybrid electric vehicle market in the long run.

The demand for the hybrid vehicle market is rising in developing countries such as Mexico, India, Brazil due to stringent emission regulation standards and the growing demand for low or zero-emission vehicles. Recently government of India announced an outlay of 10,000 crore for Phase 2 of FAME 2 scheme, to promote setting up of charging stations infrastructure and e mobility in country.

Regional Analysis:

China to Lead Hybrid Vehicle Market

China registered the highest growth rate in the market for hybrid and electric vehicles. During the forecast period, the country may also witness growth in the adoption of hybrid electric buses, as more than 30 Chinese cities have made plans to achieve 100% electrified public transit by 2020, including Guangzhou, Zhuhai, Dongguan, Foshan, and Zhongshan in the Pearl River Delta, along with Nanjing, Hangzhou, Shaanxi, and Shandong.

In February 2020, Honda Motor Company, Ltd. has announced to begin its sales of all-new Honda Fit Hybrid vehicles. It is equipped with Honda’s 2-motor hybrid system which drives the vehicle with an electric motor, which results a better fuel efficiency and smooth drive. For instance, The Chinese government is implementing China 6 norms for pollution control in the region which are stricter than previous China 5 norms and are based on EURO 6 norms, form July 2020, which results in supporting the demand of micro hybrid vehicles in this region.

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Recent Developments

In October 2020, BMW AG announced it will be launching 25 hybrid electric vehicle models across the world by 2023.

In August 2020, Paice a hybrid vehicle technology provider announced it has signed an agreement to license its patented hybrid technology to Mitsubishi Motors.

In January 2020, Hyundai Motor Group has announced that it would invest USD 87billion over the next five years to enhance its leadership in vehicle electrification by expanding models in hybrid and battery electric vehicles.

For The Full Report Click here:

https://www.marketintelligencedata.com/reports/501790/global-hybrid-vehicle-transmission-market-research-report-2021?mode=ich_dhiraj

Significant Features and Key Highlights of the Reports:

– Detailed overview of Hybrid Vehicle Transmission Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value.

– Recent industry trends and developments

– Competitive landscape of Hybrid Vehicle Transmission Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth.

The report gives answers to the following:

What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Hybrid Vehicle Transmission industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
What could be the anticipated value of the Hybrid Vehicle Transmission marketplace in the during the forecast period?
Impact of COVID-19:

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the Hybrid Vehicle Transmission market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization: -

The Global Hybrid Vehicle Transmission Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data reports at no additional cost to all of our Users.

About Us:

Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.

Contact Us:

Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com

This release was published on openPR.