Global Hybrid Cars Market to be Driven by Increasing Demand for Alternative Fuel Vehicles

A new market research study by Transparency Market Research, titled “Hybrid Cars Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 – 2020,” offers a detailed analysis of the market, including the product segmentation, major geographical segments, current trends, growth drivers, and competitive scenario of the market. The historical data and forecast statistics of the global market for hybrid cars have been included in the scope of the research study with the help of charts, tables, infographics, and graphs.

Browse Hybrid Cars Market Report with Full TOC at : http://www.transparencymarketresearch.com/hybrid-cars-market.html

A hybrid car or vehicle makes use of two or more distinct types of power, including an electric motor and internal combustion engine. The other means to store energy in a hybrid car is pressurized fluid, in hydraulic hybrids. The growing demand for vehicles running on alternative fuels has stimulated the need for hybrid vehicles, particularly in developing automobile hubs. These cars offer higher fuel efficiency in comparison with vehicles running on conventional fuels such as diesel and petrol. These are some of the major factors augmenting the growth of the global hybrid cars market. However, the availability of other options for economical fuel including LPG and CNG is estimated to hamper the growth of the market.

The growing demand for hybrid cars globally has encouraged several automobile companies to develop and introduce new models. Currently, there are numerous models available in the global hybrid cars market. The Toyota Prius accounts for the largest share in the overall market. Furthermore, the Ford Fusion holds the second position in the global market. The increasing participation of automotive companies is anticipated to result in a significant number of new models with increased efficiency and advanced technology in the near future.

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Presently, the developed economies across the globe are the major markets for hybrid cars. North America is expected to be the largest market for hybrid cars in the next few years. Furthermore, the Europe market for hybrid cars is estimated to grow significantly, owing to the attractive government rebates and stringent environmental regulation in this region, which have encouraged several automobile industry players to make investments in this market. The Middle East and Asia Pacific are considered high-potential markets for hybrid cars and are projected to witness rapid growth throughout the forecast period.

Several vehicle companies worldwide have developed efficient models so as to attract consumers. Even supercar manufacturers such as Ferrari have developed new hybrid car models, encouraging more consumers to invest in the global market for hybrid cars. Some of the prominent players operating in the market are Hyundai Motor Company, Honda Motor Corporation, Nissan Motor Company, Toyota Motor Corporation, and Chevrolet.

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