Mild Hybrid Vehicle Market Size Grows by 5,196.97 Thousand Units from 2022 to 2027: Descriptive Analysis of Customer Landscape, Vendor Assessment, and Market Dynamics

New YorkAnd January 17, 2023 /PRNewswire/ – File Global mild hybrid vehicle market The volume is estimated to increase by 5,196.97 thousand units. Market growth momentum will accelerate at a CAGR of 31.04% between 2022 and 2027Request a sample report

Technavio announces its latest market research report titled Global Mild Hybrid Vehicles Market 2023-2027

Global Mild Hybrid Vehicle Market – Vendor Analysis
Seller Offers –

  • Bayerische Motoren Werke AG – The company offers a mild hybrid called the BMW 48 V Mild Hybrid Technology with automatic start and stop functions.

  • Ford Motor Company – The company offers mild hybrid vehicles such as the Fiat FireFly series with a 70 HP 3-cylinder engine mated to a 3.6 kW starter-generator electrical system and an 11 Ah lithium battery.

  • General Motors Corporation – The company offers mild hybrid electric vehicles, namely the Puma SUV, Fiesta, Focus, Kuga SUV, and mild hybrid trucks.

  • Great Wall Motor Co., Ltd. – The company offers mild hybrid vehicles, with Orlando Variants featuring 48-volt mild hybrid technology with Auto Start, Eboost, Smart Charge, Brake Energy Regeneration and Edle Utilities.

  • For details about vendors and their offers – Buy the report!

seller view –

The global mild hybrid vehicle market is concentrated. A few of the notable sellers that offer mild hybrid cars in the market are Bayerische Motoren Werke AG, China FAW Group Co., Ltd. Ltd. FCA Italy SpA, Ford Motor Co. General Motors Co., Great Wall Motor Co., Ltd. Ltd. Honda Motor Co., Ltd. Ltd, Hyundai Motor Group, Mahindra and Mahindra Ltd. , Mercedes Benz Group AG, Renault SAS, Stellantis NV, Suzuki Motor Corp. Tata Sons Pvt. Ltd. Toyota Motor Corp., Inc. Volkswagen AG, Volvo Car Corp. , BYD Electronic Co., Ltd. Ltd. , Mitsubishi Corp. and others.

Sellers compete in the marketplace on the basis of several factors, such as quality, price, service, brand image, distribution and marketing. Large vendors focus on acquiring smaller brands to expand their presence in the market. Increased competition among vendors may lead to lower product prices, which can negatively affect profit margins and market growth. Furthermore, technological advances by a single market player can make current or future sellers’ products obsolete or uneconomical. Market revenue is expected to increase during the forecast period due to increased demand for mild hybrid technology.

Global Mild Hybrid Vehicle Market – Customer View
To help companies assess and develop growth strategies, the report identifies –

Global Mild Hybrid Vehicles Market – Segmentation Assessment

Sector overview
Technavio has segmented the market based on type (passenger vehicle and commercial vehicle) and capacity (48V and above and below 48V).

  • the passenger cars The segment will grow at a significant rate during the forecast period. The passenger car segment dominates the automotive industry, driving the growth of this segment. Enforcement of stringent emissions and fuel economy standards and government incentives that promote the purchase and certification of mild hybrid vehicles are also driving the growth of this segment. Mild hybrid vehicles are more fuel efficient than conventional passenger vehicles, because they use electricity from the vehicle’s batteries for starting functions or to achieve cruising speeds. Hence, the sector is expected to grow rapidly during the forecast period.

Geography overview
On the basis of geography, the global Mild Hybrid Vehicles market is segmented into Asia Pacific, North AmaricaAnd EuropeAnd Middle east And AfricaAnd South america. The report provides actionable insights and estimates the contribution of all regions to the growth of the global Light Hybrid Vehicle market.

  • your father An estimated 46% of the global market growth over the forecast period. ChinaAnd IndiaAnd South KoreaAnd Japan Pioneers in selling and manufacturing cars. Developments in infrastructure and manufacturing have led to a huge demand for electric vehicles (EVs) in the Asia Pacific region. The discretionary income of people in the Asia-Pacific region has grown, as have the economic conditions of countries like China And Japan to improve. This, in turn, led to an increase in car sales. These factors will drive the growth of the market during the forecast period in the Asia Pacific region.

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Global mild hybrid vehicle marketMarket dynamics

Leading drivers – strict emissions control regulations driving market growth. Concerns about environmental pollution have led to strict emissions regulations in the United States and European countries. The US Environmental Protection Agency has revised its vehicle emissions regulations. This fuels the growth of the global mild hybrid vehicle market. Increasing consumer awareness and stricter emissions regulations are forcing OEMs to produce mild-hybrid and electric vehicles that emit fewer greenhouse gases than gasoline and diesel vehicles. These factors will drive the growth of the market during the forecast period.

Main trends – recent developments It is a major trend in the market. In 2021, General Motors launches its Buick GL8 Classic with a 48-volt mild hybrid engine in China. In 2020, Chevrolet launched five new cars Orlando variables in China, which features 48-volt mild hybrid technology. As of 2021, Nissan has been working on a mild hybrid GT-R model, which will have a 48-volt mild-hybrid system. In 2021, Mercedes-Benz unveiled two mild-hybrid diesel models, the GLE and GLE Coupe. These developments will drive demand for mild hybrid vehicles over the forecast period.

major challenges – the Growing demand for BEVs and FCEVs Challenging market growth. Demand for battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs) is growing. Automakers such as Tesla Inc. (United States of America) and Volkswagen AG (Germany) on the development of BEVs. In addition, governments are implementing measures and encouraging the use of fuel cell vehicles in the transportation sector, which will increase the demand for fuel cells in the automotive and transportation industries. These factors are expected to limit market growth during the forecast period.

Drivers, trends, and challenges influence market dynamics, which can affect a business. Find some ideas from a sample report!

What key data does this Hybrid Vehicle Market report cover?

  • The compound annual growth rate of the market over the forecast period

  • Detailed information on the factors that will drive the growth of the Mild Hybrid Vehicle Market between 2023 and 2027

  • Accurate estimation of the Mild Hybrid Vehicles market size and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behaviour

  • Mild Hybrid Vehicle Market Growth Across Asia Pacific, North AmaricaAnd EuropeAnd Middle east And AfricaAnd South america

  • Comprehensive analysis of the competitive landscape of the market and detailed information on vendors

  • Comprehensive analysis of factors that will challenge the growth of the Mild Hybrid Vehicle Market vendors

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the The hybrid electric vehicle market It is expected to grow at a compound annual growth rate of 30.88% between 2022 and 2027. The market size is expected to increase by 17,098.51 thousand units. This report broadly covers market segmentation by propulsion (full HEVs, light HEVs, and PHEVs), vehicle type (passenger cars and commercial vehicles), and geography (APAC, EuropeAnd North AmaricaAnd South americaAnd Middle east And Africa).

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Mild Hybrid Vehicle Market Segmentation

report coverage

details

page number

161

base year

2022

historical period

2017-2021

forecast period

2023-2027

Growth momentum and compound annual growth rate

Acceleration at a compound annual growth rate of 31.04%

Market growth 2023-2027

5,196.97 thousand units

Market structure, market structure

focused

2022-2023 Annual Growth (%)

29.32

Regional analysis

Asia Pacific, North America, Europe, Middle East, Africa and South America

market share performance

Asia and the Pacific by 46%

Major countries

United States, China, Germany, France and the United Kingdom

Competitive scene

Lead vendors, market vendor positioning, competitive strategies, and industry risks

Profile of the main companies

Bayerische Motoren Werke AG, China FAW Group Co., Ltd. Ltd., FCA Italy SpA, Ford Motor Co., General Motors Co., Great Wall Motor Co., Ltd. Ltd., Honda Motor Co., Ltd. Ltd, Hyundai Motor Group, Mahindra and Mahindra Ltd. Mercedes Benz Group AG, Renault SAS, Stellantis NV, Suzuki Motor Corp. and Tata Sons Pvt. Ltd. Toyota Motor Corp., Inc. Volkswagen AG, Volvo Car Corp. , BYD Electronic Co., Ltd. Ltd. , Mitsubishi Corp.

Market dynamics

Key market analysis, market growth drivers and obstacles, fast-growing and slow-growing segments analysis, COVID-19 impact analysis, recovery and future consumer dynamics, market situation analysis for the forecast period.

field of customization

If our report doesn’t include the data you’re looking for, you can reach out to our analysts and customize your segments.

field of customization

If our report doesn’t include the data you’re looking for, you can reach out to our analysts and customize your segments.

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table of contents

1. Executive summary

2 market view

3 Market Sizing

4 Historical market size

5 Five Forces Analysis

6 Segmentation of the market by type

7 Market segmentation by capacity

8 Customer perspective

9 geographical landscape

10 drivers, challenges and trends

11 landscape vendor

12 Vendor Analysis

13 Appendix

about us
Technavio is a leading global technology research and advisory firm. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With more than 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and assess their competitive positions in changing market scenarios. .

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Global Mild Hybrid Vehicle Market 2023-2027

Global Mild Hybrid Vehicle Market 2023-2027

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