info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Hybrid System Automotive Market Share

ID: MRFR//3664-HCR | 100 Pages | Author: Swapnil Palwe| December 2024

The automotive industry has experienced major changes in recent years with a growing preoccupation with sustainable or eco-friendly technologies. The most talked about market trend is the increasing use of hybrids in cars. Hybrid systems are increasingly becoming popular among consumers, leading to an upsurge in demand for these vehicles. These incorporate elements of traditional engines' dependability and electric power's environment friendliness. Governmental policies and concessions are other factors affecting hybrid systems' market trends within the automaker sector. In response to stringent emission standards imposed by many countries, car makers have significantly invested in the development of hybrid technologies.
The hybrid technology of the automobile industry is currently undergoing continuous advances, which is leading to better performance and efficiency. Car manufacturers are investing in battery technology research and development to improve batteries, increase electric range, and enhance the overall experience of driving a hybrid car. Furthermore, consumers are expressing an increasing interest in plug-in Hybrid Electric Vehicles (PHEVs) that enable them to charge their cars from external energy sources. PHEVs allow the use of electricity for short commutes and internal combustion engines on long-distance drives, therefore giving customers what they need to commute regularly.
Additionally, automakers have started adopting hybrid technology into different types of vehicles, including saloons, SUVs, and even trucks. This causes diversification in consumer tastes, hence expanding the market for hybrid vehicles beyond traditional compact car segments. Consequently, there is a wider variety of hybrids that consumers can now choose from, thus allowing them to select a car that suits their needs perfectly. In summary, these market trends show that there has been a significant move towards sustainability and efficiency about hybrid systems within the automotive industry. This means more green movement-conscious customers who are influenced by governmental policies on these matters will continue to influence the demand for such cars.

Hybrid System in Automotive Market Overview


According to the recent market report, the Hybrid System in Automotive Market Size is estimated to arrive at USD 3,42,261 million by 2030 at a CAGR of 5.98% during the future estimated time frame. 


You must know that the automotive producers have begun moving towards mid Hybrid system vehicles because the expenses of assembling ordinary vehicles are higher when contrasted with mid Hybrid vehicles. The agricultural nations have likewise taken comparative drives to support the creation of electric vehicles. This will empower an increment sought after for the Market. Also, electric vehicles are eco-accommodating and have a few advantages to climate. Likewise, the electric vehicle proprietor need not bother with any administration permit and other certificates to run the vehicles in the Hybrid System in Automotive Industry. 


The variables liable for the development of Hybrid System in Automotive Market are a strict guideline for outflow, expanding deals of electrically driven vehicles, and expanding fuel costs is assessed to help the market interest. The flood in the interest for electric vehicles will bring about the expanded utilization of hybrid frameworks in the vehicles, which will drive the Market in the future. Regarding the APAC area, China has named itself the main market for hybrid systems in the automotive market


Over the previous decade, it has been capable that the costs of unrefined petroleum per barrel are expanding quickly. Furthermore, the accessibility the raw petroleum is diminishing step by step. Because of these variables, the outlook of a huge pool of populace is moving their inclination towards electric vehicles. This expansion in the fuel costs will bring about the developing interest for hybrid framework in an electric vehicle which will drive the Market during the estimated time.


Covid-19 analysis 


The COVID-19 outbreak has adversely affected the worldwide economy as the current conditions have influenced numerous ventures, and activities of different areas have halted. The Coronavirus pandemic has affected all businesses across the globe, with the Hybrid System in Automotive Market being no exemption. The legislatures of different nations have forced lockdowns that have constrained individuals to remain at home, limiting the actual association among individuals. Most organizations have permitted representatives to work distantly from their homes to guarantee business progression during the COVID-19 pandemic, which is relied upon to hamper the development of the hybrid frameworks in the car market over the estimated period. The expanding center around far-off working has confined the development of the car business, thus restricting the development of the Market.


Competitive Landscape


The major key players of the global Hybrid System in Automotive Market are mentioned below:-



  • Aisin Seiki Co., Ltd. (Japan)

  • GKN plc. (The U.S.)

  • BorgWarner Inc. (U.S.)

  • TM4 (Canada)

  • Punch Powertrain Nv (Belgium)

  • Dana Holding Corporation (U.S.)

  • Visedo (Finland)

  • Magna International Inc. (Canada)

  • American Axle & Manufacturing, Inc. (U.S.)

  • Parker Hannifin Corp (U.S.)

  • JTEKT Corporation (Japan)

  • Axle Tech International SAS (U.S.)

  • Magtec (U.K.)

  • Delphi Automotive LLP (U.K.)

  • AVTEC LTD (India)


Recent Developments


Aisin Seiki Co., Ltd. (Japan): June, 2024: Introduced a compact electric motor designed for hybrid applications, aimed at urban vehicles and announced the launch of a new hybrid transmission system that enhances fuel efficiency by 20%.


GKN plc. (U.S.): August, 2024: Launched a new research initiative focused on improving battery efficiency in hybrid systems and reported a partnership with an electric vehicle startup to enhance hybrid technology in their upcoming models.


In October 2020, BMW AG declared it would dispatch 25 hybrid electric vehicle models worldwide by 2023. 


In January 2020, Hyundai Motor Group declared that it would contribute USD 87billion throughout the following five years to upgrade its initiative in-vehicle jolt by growing models in hybrid and battery electric vehicles.


Market Dynamics




  • Major Drivers of the Market




Expanding outflow standards is the major driver in the Hybrid System in Automotive Market. Developing awareness of the emission has driven the administrative bodies to carry out tough outflow guidelines. The rising toughness in discharge standards for vehicles is driving OEMs to fabricate the Market. Hybrid vehicles discharge less ozone-depleting substances than fuel and diesel vehicles. 


The administrations in the U.S. and Europe are focusing on bringing discharge restrictions down to diminish the ozone-depleting substance impact and are additionally zeroing in on further developing the efficiency of vehicles. 




  • Significant Opportunities For The Market




Growth in creating markets is considered a significant opportunity in the Hybrid System in Automotive Market. Hybrid vehicles offer a huge opportunity for development in the business sectors of agricultural nations in light of drives and backing from governments. The Indian government is giving motivations of roughly USD 446 on acquiring hybrid and electric vehicles in India. 




  • Market Restraints




Rising interest in BEVs and FCEVs is hampering the growth of the Hybrid System in Automotive Market. The expanding interest in Battery Electric Vehicles (BEVs) and Fuel Cell Electric Vehicles (FCEVs) will be significant difficulties for developing hybrid vehicles. There are many models and sorts of BEVs like hatchbacks, vehicles, and SUVs in the traveler vehicle portion. 


The benefits of FCEVs are:



  • A high driving reach.

  • Quick refueling.

  • Silent activity.

  • Zero-outflow of ozone-depleting substances and air poisons.


These advantages are undoubtedly affecting the interest for FCEVs. Additionally, governments are driving and advancing energy components for transportation, supporting the interest for power modules in the car and transportation areas. 




  • Market challenges




High vehicle cost is considered the major Hybrid System in Automotive Market challenge that may hamper the market growth. The test looked at by the hybrid vehicle market is a significant expense. For example, a hybrid or module hybrid vehicle has the battery as its focal part. The battery builds the expense of the vehicle, making it costlier than diesel and fuel-controlled vehicles. The value contrast is because of parts, for example, battery and regenerative brake cost. Nonetheless, there has been a huge decrease in the expense of batteries in the previous few years.




  • Significant market growth




The power controls the engine, which turns the wheels of the vehicle and re-energizes the battery pack. Subsequently, hybridization has improved the framework's capacity and diminished the operating cost, which will support the development of a Hybrid System in Automotive Market in the forecasted period.


Segment Overview




  • By Types




The global Market of Hybrid System in Automotive is segmented into covers start-stop, regenerative slowing down, E.V. drive, and others based on type. The regenerative slowing down portion could hold onto the biggest portion of the Market before very long as it cuts down the fuel utilization and raises the vehicle proficiency by 10-25%. The high eco-friendliness is assessed to assume a significant part in the segmental development soon. 




  • By Component wise




Based on component-wise, the Market of Hybrid System in Automotive is segmented for battery, DC/AC inverter, DC/DC converter, and e-Motor. The battery segmentation is promoted to lead the Market during the assessment time frame since the battery is the fundamental part of electric vehicles. Battery assists store with fuelling utilized for driving the electric vehicle.  




  • By Battery type




Based on battery type, the Market of Hybrid System in Automotive is parted into Li-Ion, lead corrosive, and others. Between these, Li-particle battery is relied upon to accumulate the most noteworthy CAGR in the years ahead. Li-particle battery innovation has an expansive scope of utilizations, both in the shopper Market and mechanical applications, including electronic gadgets like workstations, tablets and cell phones, electric vehicles, and half breed electric vehicles, among others. As of now, the most mainstream battery innovation is the lithium-particle battery. Lithium-particle batteries have unrivaled force thickness, energy, and improved cycling capacity when contrasted with different batteries. 




  • By Vehicle type




The report's incorporates traveler and business vehicles based on vehicle type. Digitization combined with flooding infrastructural spending could assist increase with requesting for business vehicles in ensuing years.


Regional Analysis


According to the regional analysis, the Hybrid System in Automotive Market is portioned dependent on Asia Pacific, North America, Europe, and the Rest of the World. This Market has seen significant development in recent years, and the market is assessed to stay on a similar development level during the figure time frame. The Asia Pacific has represented the biggest market among the areas covered, followed by Europe and North America. The main considerations that have driven the Market in the Asia Pacific are quickly expanding deals of electric vehicles and expanding fuel costs will help the interest of electric vehicles.


Report Overview


The Global Market of Hybrid System in Automotive overviews are as follows:



  • Global Market Share Overview

  • COVID 19 impact on the Global Market 

  • Market dynamics

  • Market Value chain analysis 

  • Market Overview

  • Regional Analysis as per the Market 

  • Market Competitive Landscape analysis

  • Market Trends Developments


This report highlights the growth aspects of the global Hybrid System in Automotive Market Growth Analysis. 

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.