Description
Mild hybrids are a cheaper way to boost a petrol-driven car’s power and efficiency. In the mild hybrid vehicles, the energy is generated while applying the brake pedal which turns into the electric energy which is stored in a battery, this energy is further used to turn on the starter motor for the start-stop functionality. The mild-hybrids make use of start stop technology and the regenerative braking.
Market Dynamics
The global mid-hybrid vehicles market is expected to grow at a CAGR of close to 7% during the forecast period.Mild hybrid vehicles give better fuel economy than the conventional vehicles resulting as attractive parameter for the end users to purchase the vehicle. The market is growing in the developed countries because of the increasing awareness and concern about the rising pollution. Government in some countries have removed subsidy on mild hybrid vehicles which will hamper the growth of mild hybrid vehicle whereas in countries like U.S., Germany, and UK, government provides subsidies and incentives to support the purchase of the electric vehicle.
Market Segmentation
Based on Capacity:
• 48 Volt
• 24 Volt
• 12 Volt
• Others
Based on Vehicle Type:
• HCV
• Passenger car
• LCV
Based on Battery Type:
• Lithium Ion
• Lead based
• others
Regional/Geographical Analysis
The major mild hybrid vehicle markets are in North America, Western Europe, and Asia Pacific, especially in Japan because of the increasing awareness of the hybrid vehicles. The regions such as Latin America, the Middle East and Africa, Eastern Europe, and in some countries of Asia Pacific region have a little demand for the mild hybrid vehicles. But there will be a change in this trend in upcoming years and the market will flourish in these regions.
Opportunities
Strict government emission norms, increasing awareness regarding hybrid vehicles, and environmental concerns will be the major driving factors for the demand of mild hybrid vehicles market.
Key Players
The key market players that are involved in the Suzuki Motor Corporation, Toyota Motor Corporation, Volvo Group, Audi AG, Groupe PSA, Changan Automobile (Group) Co., Ltd., Honda Motor Company, Renault-Nissan, Daimler AG, Volkswagen AG, BMW AG, and General Motors Company.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage
