Plug-in Hybrid Electric Vehicles Market growing at a CAGR of 13.4% through 2023

Global Plug-in Hybrid Electric Vehicles Market - check share, size, revenue, CAGR, regional outlook, key players, competitive landscape, top manufacturers & forecast

Persistence Market Research (PMR) has recently delivered an insightful, comprehensive, and unbiased report titled "Plug-in Hybrid Electric Vehicles Market: Global Industry Analysis (2012-2016) & Forecast (2017-2022)". The report explores the global plug-in electric vehicles market in detail, and covers the market dynamics comprehensively, providing report readers with trends, drivers, and restraints impacting growth of the global PHEVs market. In addition, the report examines data across different parameters in order to deduce the value of the global plug-in hybrid electric vehicle market. The report has also covered competition landscape of the global PHEVs market, offering information about key market participants.

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Structure of Report

The beginning chapter of the report provides an executive summary of the global PHEVs market. The executive summary offers an outline of the market, and provides the most significant & pertinent market numbers, including the market's historical CAGR during 2012 to 2016, and forecast CAGR during 2017 to 2022. This chapter also provides information about attractive markets in terms of highest CAGR and largest revenue share of the global PHEVs market. Following the executive summary, a detailed introduction of the market has been rendered by the report, followed by a clear definition of the targeted product - plug-in hybrid electric vehicles.

The report further provides insights about industry trends, macroeconomic factors fuelling the market growth, and the untapped opportunities for leading market players. Subsequent chapters of the report shed light on supply chain analysis, pricing analysis, cost structure, supplier list, and product life cycle. With the aid of an intensity map, presence of market players around the world has been illustrated by the report.

Drivers, Restraints, and Challenges:

Drivers:

• Government Incentives: Governments around the world are promoting the use of plug-in hybrid electric vehicles (PHEVs) by offering tax credits, rebates, and other incentives to consumers who purchase them. These incentives have helped to increase the demand for PHEVs, making them more affordable and accessible to consumers.

• Environmental Regulations: Stringent environmental regulations and emission norms have led to an increased demand for PHEVs, which emit less harmful greenhouse gases than traditional gasoline-powered vehicles.

• Fuel Cost Savings: PHEVs offer significant fuel cost savings over traditional gasoline-powered vehicles. With rising fuel prices, consumers are increasingly turning to PHEVs to reduce their fuel costs.

• Advancements in Battery Technology: The advancements in battery technology have increased the range of PHEVs, making them a more viable option for consumers.

Restraints:

• High Cost: PHEVs are generally more expensive than traditional gasoline-powered vehicles, which can be a significant barrier to adoption for many consumers.

• Limited Range: While the range of PHEVs has increased in recent years, they still have limited range compared to traditional gasoline-powered vehicles. This can be a deterrent for consumers who need to travel long distances regularly.

• Limited Infrastructure: The availability of charging infrastructure is still limited in many areas, which can make it difficult for PHEV owners to recharge their vehicles.

Challenges:

• Competition from Electric Vehicles: PHEVs face competition from fully electric vehicles, which offer zero emissions and greater range. As battery technology improves, the range of electric vehicles is expected to increase, making them an even more attractive option for consumers.

• Consumer Awareness: Many consumers are still not aware of the benefits of PHEVs, which can make it difficult for manufacturers to market these vehicles effectively.

• Battery Recycling: PHEVs use lithium-ion batteries, which require specialized recycling processes. As the number of PHEVs on the road increases, there will be a need for a more efficient and sustainable way to recycle these batteries.

Competition Landscape

The concluding chapters of the report provide information about the market's competition landscape, profiling leading players operating in the global PHEVs market in detail. Information rendered about the market players is in terms of company overview, key financials, product overview, and key developments made by the market players. The competition landscape of the market offered by the report has also featured SWOT analysis of few selected companies. The competition landscape is an imperative for report readers as it comprises all necessary information required for studying current standings of leading players in the global PHEVs market, and how these players will implement their vision and strategies for staying at the forefront of this highly competitive market.

Research Methodology

Analysts from Persistence Market Research (PMR) have leveraged a proven & tested research methodology for arriving at revenue estimations related to the global PHEVs market. An in-depth secondary research has been done for arriving at overall market size, along with contributions of leading industries. The analysts have also conducted detailed primary interviews with industry experts to gather authentic data associated with the market. Data obtained is then validated, and scrutinized with the help of advanced tools for gleaning pertinent insights related to the global PHEVs market.

Company Profiles

PMR's report has profiled key participants in the global PHEVs market, which include Renault SA, Nissan Motor Corporation, Limited, Volkswagen AG, Honda Motor Company, Limited, General Motors, Ford Motor Company, Daimler AG, Bayerische Motoren Werke AG, Mitsubishi Heavy Industries Ltd., and Toyota Motor Corporation.

Market Taxonomy

Region
• North Americ
• Latin America
• Europe
• Japan
• APEJ
• MEA

Power Source
• Stored Electricity
• On Board Electric Generator

Powertrain
• Series Hybrid
• Parallel Hybrid
• Combined Hybrid

Vehicle Type
• Passenger Cars
• Commercial Vehicles
• Two Wheelers
• Others (Golf Cart etc.)

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This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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FAQ:

1. Which regions will continue to remain the most profitable regional markets for plug-in hybrid electric vehicles market players?
2. Which factors will induce a change in the demand for plug-in hybrid electric vehicles during the assessment period?
3. How will changing trends impact the plug-in hybrid electric vehicles market?
4. How can market players capture the low-hanging opportunities in the plug-in hybrid electric vehicles market in developed regions?
5. Which companies are leading the plug-in hybrid electric vehicles market?
6. What are the winning strategies of stakeholders in the plug-in hybrid electric vehicles market to upscale their position in this landscape?

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The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about the automotive and transportation industry encompassing the automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services, and technology landscape have helped numerous industry stakeholders' right from automakers, component manufacturers, channel partners, and service providers in taking informed decisions and keeping them up-to-date with market behavior.

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