Global Low Emission Vehicle Market, By Degree of Hybridization (Mild Hybrid Electric Vehicle, Full H

Published Date: | Report Code : AT1926037

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Global Low Emission Vehicle Market, By Degree of Hybridization (Mild Hybrid Electric Vehicle, Full Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Pure Electric Vehicle), By Battery Type (Lead Acid, Nickel Cadmium, Lithium Ion), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

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Domain : Automotive

Report Code : AT1926037

Status : Upcoming

Low emission vehicles are economical and cost-effective is expected to drive the growth of low emission vehicle market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Transport plays a crucial role in the world’s economy. However, different modes of transport have created various issues and complications such as emissions and discharge of various harmful gases and particulate matter into the atmosphere. Primary pollutants such as volatile organic compounds and nitrogen oxides are present in these emissions. These pollutants cause skin cancer, lung cancer, asthma, and cardiovascular diseases.

As more and more consumers are now aware about all these various health hazards that are caused by the vehicles that run on conventional sources of energy, they are now shifting towards low emission vehicles.

Governments across the globe are now providing tax exemptions and subsidies on the low as well as the zero-emissions vehicle to encourage the consumers to purchase these vehicles. Various government initiatives for a cleaner environment has also influenced the market positively.

Key Factors Impacting Market Growth:

  • Rising environmental awareness
  • Government initiatives for a cleaner environment
  • Growth of environment-friendly automotive companies
  • Low emission vehicles are economical and cost-effective

Regional Analysis:

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the low emission vehicle market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with a number of global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the low emission vehicle market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the low emission vehicle market in the region.

The Asia Pacific is estimated to be the fastest-growing region for the low emission vehicle market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for low emission vehicle market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: Toyota Motor Corporation, Honda Motor Co. Ltd., Volkswagen AG, General Motors, Nissan Motor Co. LTD., MITSUBISHI MOTORS CORPORATION, Tesla, Volvo Car Corporation, Groupe Renault, BMW AG, Ford Motor Company, Honeywell International Inc., Delphi Technologies, Mahindra & Mahindra Ltd., Hyundai Motor Company, Suzuki Motor Corporation, ISUZU MOTORS LIMITED, and Daimler AG… 

Key Developments:

  • 12 cities led by London, Copenhagen, Los Angeles, and Paris signed the Fossil Fuel Free Streets Declaration in order to achieve their vision of green and healthier streets in the year 2017.
  • On May 29th, 2019, Canada signed on the Drive to Zero Pledge, which aims at increasing the low or zero-emissions vehicle all over the globe.

Market Segmentation:

By Degree of Hybridization:

  • Mild Hybrid Electric Vehicle
  • Full Hybrid Electric Vehicle
  • Plug-In Hybrid Electric Vehicle
  • Pure Electric Vehicle

By Battery Type:

  • Lead Acid
  • Nickel Cadmium
  • Lithium Ion

By Region:

  • North America
    • By Country (US, Canada, Mexico, Rest of North America)
    • By Degree of Hybridization
    • By Battery Type
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Degree of Hybridization
    • By Battery Type
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Degree of Hybridization
    • By Battery Type
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Degree of Hybridization
    • By Battery Type
  • Rest of the World
    • By Region (South America, Middle East, Africa)
    • By Degree of Hybridization
    • By Battery Type

Reasons To Buy This Report:

  • Market size estimation of the low emission vehicle market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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