Press release
North America Micro-Hybrid Vehicles Market 2021 Competitive Insights - Audi AG, BMW Group, Daimler AG, Subaru, General Motors, Hyundai Motor Company
The North America Micro-Hybrid Vehicles Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The North American micro-hybrid vehicles market is expected to register a CAGR of around 4%, during the forecast period, 2020 - 2025.
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Top Leading Companies of North America Micro-Hybrid Vehicles Market are Audi AG, BMW Group, Daimler AG, Subaru, General Motors, Hyundai Motor Company, Jaguar Land Rover Limited, Kia Motors Corporation, Mazda Motor Corporation, Nissan Motor Company Ltd, Porsche AG and others.
Industry News and Updates
In 2020, Kubota launches its V3307 Micro-Hybrid prototype in North America. The company's micro-hybrid system contains an AC synchronous motor-generator, a DC/DC converter, and a 48V lithium-ion battery, along with the 55.4 kW V3307 diesel engine, which can provide electrical power boost of up to 10kW.
- In 2020, Toyota Motor Manufacturing West Virginia (TMMWV) manufactured its first hybrid transaxle in North America. The transaxles were built for the Toyota Sienna and Highlander hybrid vehicles. The company has made an initial USD 113 million investment in late 2017 for yearly production of 120,000 hybrid transaxles.
Key Market Trends
Battery Electric Vehicles Sales will Hinder the Market Growth
Currently, Electric vehicles have captured nearly a 2% share in the total United States car fleet. With the active participation of industry players and government organizations towards BEV development, the growth of micro-hybrid adoption is expected to decrease in the future. Major players in the market are coming up with new plans for their upcoming new BEV models.
In 2020, General Motors and Honda have entered into an agreement to jointly develop electric vehicles for Honda, the vehicles will be based on GM's EV platform powered by proprietary Ultium batteries.
Similarly, Hyundai Motor Group has come up with its product strategy till 2025. The company is planning to launch 44 electrified vehicles by 2025, in which there will be 13 hybrid cars, 6 plug-in hybrids, and two fuel cell electric vehicles models, and BEV from Hyundai will launch in 2021. The company will invest around 100 trillion Korean Won over the next five years.
Regional Outlook of North America Micro-Hybrid Vehicles Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The North America Micro-Hybrid Vehicles Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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