Description
A micro hybrid vehicle uses “start-stop system,” where regenerative braking technology helps to stop a combustion engine when the vehicle pulls to a stop, and to restart it when the driver accelerates. There are several different versions of the system, which some are now calling the “simplest hybrid technology” on the international market.Microhybrid advocates say the cars can deliver 5-10 percent better fuel economy and therefore lower tailpipe emissions.
Market Dynamics
The market for micro-hybrid vehicles is expected to grow at a CAGR of 16% during the forecast period. A micro hybrid for 2 (which is a tiny 2-door car) starts at $12,490, a Prius at $23,520, and a Volt at $39,145.Although microhybrid cars don’t require huge design changes, they do need better batteries than what’s found in convention cars today. Developing better batteries and making them cheaply will be two key challenges for popularizing microhybrids.
Market Segmentation
Based on Capacity:
• 48 Volt
• 12 Volt
• Others
Based on Vehicle Type:
• Light Vehicles
• Heavy Vehicles
Based on Battery Type:
• Lithium Ion
• Lead based
• others
Regional/Geographical Analysis
The cars are making their way to Japan, China and even the United States, where the federal government proposed new fuel economy standards last November that would promote the use of electric vehicle technologies and nudge automakers to roll out more fuel efficient cars.European countries are expected to dominate the global micro-hybrid market in terms of shipment of unit sales, with a share of 45% by the end of 2020.
Opportunities
The concerns to protect the environment and reduce greenhouse gas emissions, especially carbon dioxide, will play a major role in driving the growth of the market.Requiring the smallest battery size micro hybrid vehicles are gaining prominence across consumers and manufacturers as an economical way of enhancing the fuel efficiency of vehicles without increasing the overall cost of vehicles. Vast improvements in battery technologies and cost reductions are complementing developments in the field of micro hybrid vehicles.
Key Players
Some of the major players operating in the global micro hybrid vehicles market include Audi AG, General Motors Company, BMW AG, Toyota Motor Corporation, Daimler AG, Fuji Motor Corp, Hyundai Motor Company, Fiat Automobiles S.p.A., Jaguar Land Rover, Nissan, Mahindra & Mahindra, Porshe Ag and Mazda Motor Corporation among others.
- 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