North America Micro-Hybrid Vehicles Market 2021 Exclusive Manufacturers – General Motors, Toyota Motor Corporation, BMW AG

North America Micro-Hybrid Vehicles Market Report 2021 – 2025 is a believable source for gaining the market research that will exponentially accelerate your business. SWOT and Porter’s five analysis are also effectively discussed to analyze informative data such as cost, prices, revenue, and end-users. The Report initially provides an overview of the industry that covers definition, applications and technology, post which the report explores into the international players in the market. The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The report also entails the Covid-19 and post-Covid dynamics in the global North America Micro-Hybrid Vehicles market.

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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The Top Major Competitive Players are : General Motors, Toyota Motor Corporation, BMW AG, and Daimler AG. 

Industry News:

- In 2020, Kubota launches its V3307 Micro-Hybrid prototype in North America. The companys 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.

Regional Analysis:

United States Expected is Expected to Hold Major Share in the Market

In terms of country, the United States is projected to hold the largest share as well as grow with the highest CAGR during the forecast period. Some of the major factors driving the growth in the region are growing environmental concerns, which, in turn, have resulted in the enactment of stringent emission and fuel economy norms, and continuous government support in the form of subsidies. Along with that, the United States is one of the technologically advanced markets where there is always bottleneck competition between the market participants.

But due to COVID-19, the US automotive industry faced a huge setback as all the factories and showrooms are closed due to lockdown measures to curb the effect of the virus. Whereas, major carmakers such as General Motors Co, Ford Motor Co, Fiat Chrysler, and Tesla have retrofitted them some factories to make medical items.

Although the government has signed a USD 3 trillion virus relief package in May 2020 to shore up businesses great and small - as well as workers and state and local governments - against the financial fallout. Previously a USD 2.2 trillion aid package was approved at the end of March to reduce the economic impact of the pandemic.

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