openPR Logo
Press release

Hybrid Vehicles Market - Asia Pacific Emerges as Leading Regional Market as Fuel Prices Rise

03-12-2018 08:59 AM CET | Associations & Organizations

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Hybrid Vehicles Market - Asia Pacific Emerges as Leading

The global hybrid vehicles market witnesses the dominance of some large players, states Transparency Market Research (TMR) in a new report. In a competitive business landscape, key players are focused on technological advancements and strategic partnerships to surge ahead.

Prominent participants in the worldwide market for hybrid vehicles include General Motors Company, Ford Motor Company, Mercedes-Benz USA LLC, Toyota Motor Corporation, Nissan Motor Co. Ltd., BMW AG, Audi AG, Hyundai Motor Company, MAN SE, and Renault SA.

Obtain Brochure@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=18926

A report by Transparency Market Research (TMR) estimates the global hybrid vehicles market to be worth US$193.29 bn by the end of 2024 from its evaluated worth of US$75.52 bn in 2015, expanding at a CAGR of 10.3% between the forecast period of 2016 to 2024.

Among the various type of vehicles, passenger vehicles is anticipated to display a significant growth rate as demand for passenger vehicles is on the rise globally. Furthermore, the launch of technologically advanced passenger vehicles that are equipped with sophisticated machinery is anticipated to shape encouraging growth path for the segment. Region-wise, Asia Pacific is expected to lead in terms of revenue contribution over the forecast period. Japan registered impressive sales of hybrid vehicles in 2015, more than double the sales of hybrid vehicles recorded in the U.S. in the same year.

High Performance Factor and Rising Demand for Green Vehicles Favors Market

The demand for hybrid vehicles is prophesied to be on the rise owing to rising concerns of environmental deterioration due to emissions from conventional vehicles. The rapid exhaustion of oil reserves is also driving the adoption of hybrid vehicles. Electric vehicle operate on power which is obtained from vehicular batteries. These batteries can be charged at charging points that are either private or open. Hybrid vehicles allow drivers to switch between fuel and power mode as desired.

Browse Market Research Report @ https://www.transparencymarketresearch.com/hybrid-vehicles-market.html

The rising trend of fuel conservation is anticipated to be a noteworthy trend to give impetus to the hybrid vehicles market. In the U.S., for instance, the overall consumer base of green automobiles is on the rise, thereby stimulating the growth of hybrid vehicles market. Strong demand from consumers for improved fuel productivity and demand for green vehicles has led to the launch of electric version of prominent existing vehicles.

The performance factor of hybrid vehicles over ordinary vehicles as the former do not require isolated alternators and motors is also stoking growth of hybrid vehicles market. The hybrid motors function on several engines and generators, which results in enhanced performance than what is offered by conventional vehicles.

Browse Press Release@ https://www.transparencymarketresearch.com/pressrelease/hybrid-vehicles-market.htm

High R&D Cost Driving up Selling Price Hits Sales

Despite encouraging demand for hybrid vehicles, the hybrid vehicles market is likely to witness challenges leading to impeded growth. High cost involved in the research and development of hybrid vehicles is percolating on the selling price, which is limiting sales of these vehicles. In addition, lack of trust associated with hybrid vehicles among end users is also likely to slow the growth of the overall market in the forthcoming years.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hybrid Vehicles Market - Asia Pacific Emerges as Leading Regional Market as Fuel Prices Rise here

News-ID: 973974 • Views: 295

More Releases from Transparency Market Research

Latest TMR Report Explores Impact of COVID-19 Outbreak on Industrial Air Compres …
Industrial Air Compressor Market: Introduction The global industrial air compressor market is anticipated to reach US$ 26.6 Bn by 2030. The industrial air compressor market is projected to expand at a CAGR of ~4% from 2020 to 2030 based on revenue. According to the report, Asia Pacific was a significant contributor to the industrial air compressor market in terms of revenue in 2019. The prominent market share of the region is
Automotive Head-up Display (HUD) Market is projected to surpass US$ 4.7 Bn by 20 …
Automotive Head-up Display (HUD) Market: Introduction According to the report, the global automotive head-up display (HUD) market is projected to surpass US$ 4.7 Bn by 2030, expanding at a CAGR of ~22% during the forecast period. Rise in demand for comfort and safety features in vehicles is likely to boost the automotive head-up display (HUD) market across the globe. Increase in preference for utility vehicles and luxury vehicles, in conjunction with
Understanding Impact of COVID-19 on Retail Clinics Market
Global Retail Clinics Market – Overview Retail clinics are the ones that provide primary healthcare services across departmental stores, supermarkets, and retail stores. These clinics have a registration desk, a waiting area, washroom, a couple of examination rooms, and a small desk for reception. These retail clinics are gaining immense popularity as they are highly beneficial for public health, easily accessible, and also help in reducing the pressure on public healthcare
Potential Impact of COVID-19 on Self-tanning Products Market
Self-tanning Products Market: Introduction Transparency Market Research delivers key insights on the global self-tanning products market. In terms of revenue, the global self-tanning products market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global self-tanning products market report. Obtain Report Details @ https://www.transparencymarketresearch.com/self-tanning-products-market.html In terms of type, the self-tanning products market has been segmented

All 5 Releases


More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the