Press release
Hybrid Truck Global Market By Technology, By Vehicle Type, By Battery Capacity, By Range, By End User, By Regional Forecast 2023-2032 | AB Volvo, Nissan Motor Co., Ltd., Volkswagen AG, DAF Trucks N.V., BYD Auto Co. Ltd.
Hybrid Truck Market Size, Growth Rate, And Forecast
The global hybrid truck market size is expected to grow from $21.11billion in 2022 to $22.65 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hybrid truck market size is expected to reach $29.06 billion in 2027 at a CAGR of 6.4%.
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Hybrid Truck Market Drivers
A surge in government regulations and policies against diesel and gasoline-powered vehicles is expected to propel the growth of the hybrid truck market. Emerging government regulations for the emission of greenhouse gases and pollution control policies are encouraging truck manufacturers to develop vehicles with alternate fuel-powered consumption vehicles.
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Hybrid Truck Market Segments
• By Technology Type: Parallel Hybrid, Series Hybrid, Series-Parallel Hybrid, Plug-In-Hybrid
• By Vehicle Type: Light Duty Truck, Heavy Duty Truck
• By Application: Construction, Pick Up And Delivery Vehicle
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the HYBRID TRUCK market.
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Hybrid Truck Market Key Players
Major competitors in the Hybrid Truck market are AB Volvo, Daimler Truck Holding AG, Nissan Motor Co., Ltd., Volkswagen AG, DAF Trucks N.V., BYD Auto Co. Ltd., Danfoss, Dongfeng Motor Corporation Ltd., Hino Motors, Ltd., Chevrolet, Nikola Corporation, Toyota Motor Corporation, Ford Motor Company, Mitsubishi Motors Corporation, and Liebherr.
The Business Research Company's "Global Hybrid Truck Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Hybrid Truck Market Include:
1. Executive Summary
2. Hybrid Truck Market Characteristics
3. Hybrid Truck Market Trends And Strategies
4. Hybrid Truck Market - Macro Economic Scenario
5. Hybrid Truck Market Size And Growth
.....
26. Africa Hybrid Truck Market
27. Hybrid Truck Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hybrid Truck Market
29. Hybrid Truck Market Future Outlook And Potential Analysis
30. Appendix
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