Hybrid Drivetrain Market, By Vehicle Type (Passenger Car, Commercial Car (hybrid/electric trucks, construction vehicles, agriculture vehicles and others)), By Type (Series, Parallel, Series-Parallel), By Powertrain System Type (full hybrid, micro hybrid and mild hybrid), By Propulsion Type (PHEV, mild HEV and full HEV), By Component (HEV [Power Electronics, Battery, Electric Motor, Controller], PHEV [Power Electronics, Battery, Electric Motor, Controller]), By Power Range (0-30KW, 30-100KW, 100-500KW, 500-1000KW and above 1000 KW), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2030

The Hybrid Drivetrain Market is valued at USD 120 billion in 2021 and is projected to exhibit a CAGR of 27.0% over the forecast period of 2021 to 2030. The increasing awareness related to vehicle emissions will drive the overall market growth. The hybrid drivetrain needs more than one source of power. Most of the hybrid drivetrains use both the electric motor as well as the internal combustion engine. These are made for better fuel efficiency, minimum emissions, and more power. They can also save energy by shutting down the engine when the vehicle is idle.

The initiatives taken by the government for zero or low emission vehicles are expected to increase the overall market demand. Various financial activities like tax exemptions, tax credits allow the adoption of vehicles by decreasing the upfront costs. Hybrid drivetrains are gaining traction because they have different environmental benefits along with the lower total cost of ownership. The research and development initiatives for reducing the hybrid vehicle cost as well as the resource-related issues is also expected to positively influence the growth of the market.

The increasing use of fuel based electric vehicles are estimated to negatively affect the overall sales of the vehicles. This is the major restraining factor for the global hybrid drivetrain market.

The coronavirus pandemic has created a negative impact on the automotive industry due to the nationwide lockdown resulting in the shutdown of the major automotive units across the world. The initiatives which are to be taken by the government are delayed due to the onset of the COVID-19 pandemic. Moreover, many manufacturers were forced to stop their company operations leading to the delay in manufacturing the vehicles.

TABLE 1: GLOBAL HYBRID DRIVETRAIN MARKET OVERALL SNAPSHOT

TABLE 1: GLOBAL HYBRID DRIVETRAIN MARKET OVERALL SNAPSHOT

Segmentation

The global hybrid drivetrain market is segmented into vehicle type, type, powertrain system type, propulsion type, component, and power range.

TABLE 2: GLOBAL HYBRID DRIVETRAIN MARKET OVERVIEW

FIGURE 1: GLOBAL HYBRID DRIVETRAIN MARKET OVERALL SNAPSHOT

Global Hybrid Drivetrain Market, By Vehicle Type

The global hybrid drivetrain market is segmented into passenger car and commercial vehicle. The commercial vehicle segment is again sub-segmented into hybrid/electric trucks, construction vehicles, agriculture vehicles and others. Among these, commercial vehicle is the fastest growing segment owing to the upsurge in the sale of vehicles, which results in the increasing number of productions.

Global Hybrid Drivetrain Market, By Type

The global hybrid drivetrain market is segmented into series, parallel and series-parallel. Among these, parallel segment is the largest growing segment by volume. Parallel hybrids provide better flexibility to switch between electric motor power and ICE with higher power efficiency while travelling for long-distance and cruising. Moreover, it can be designed to be less powerful as compared to the combustion engine, which is fuelling the overall market growth.

Global Hybrid Drivetrain Market, By Powertrain System Type

Based on the powertrain system type, the global hybrid drivetrain market is segmented into full hybrid, micro hybrid and mild hybrid. Among these, full hybrid holds the largest market share as these types of vehicles can operate on combustion engines or batteries. The majority of the full hybrid vehicles are manufactured by the leading market players and they are trying to make continuous improvements in terms of fuel efficiency.

Global Hybrid Drivetrain Market, By Propulsion Type

Based on the propulsion type, the global hybrid drivetrain market is segmented into PHEV, mild HEV and full HEV. Among these, the PHEV segment is witnessing the largest growth. The growth of the plug-in hybrid vehicle (PHEV) segment is due to the decline in the sale of Internal Combustion Engine (ICE) vehicles as well as the restrictions on CO2 emission. Furthermore, the advancements made in the battery technology, as well as the reduction in Lithium-ion battery prices, are going to fuel the demand of the PHEV vehicles.

Global Hybrid Drivetrain Market, By Component

Based on component, the hybrid drivetrain market is segmented into electric motors, power electronics and others. Among these, electric motors are gaining traction and holds the largest market share owing maximum environmental benefits as well as the lower total cost of ownership. Several countries have introduced new strict policies for encouraging the use of electric motors.

Global Hybrid Drivetrain Market, By Power Range

Based on the power range, the global hybrid drivetrain market is segmented into 0-30KW, 30-100KW, 100-500KW, 500-1000KW and above 1000 KW. Among these, above 1000KW holds the largest market share as these types of vehicles as they are equipped with high torque with high efficiency which increases the sale of vehicles.

Global Hybrid Drivetrain Market, By Region

Based on region, the global hybrid drivetrain market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America. Among these, Europe is expected to hold a major market share due to the increasing government policies as well as initiatives for zero to low emission vehicles. Apart from this, the expansion of the charging infrastructure, improvement in driving range and improvements in electric vehicles will also drive the overall growth in the regional market.

TABLE 2: GLOBAL HYBRID DRIVETRAIN MARKET OVERVIEW

TABLE 2: GLOBAL HYBRID DRIVETRAIN MARKET OVERVIEW

Recent Developments in The Global Hybrid Drivetrain Market

  • February 2020: Toyota Kirloskar Motor introduced the Vellfire, which is a luxurious self-charging hybrid electric vehicle.
  • December 2020: Magna International INC. made an announcement for the joint venture with LG Electronics. Under this venture, the brand is planning to develop e motors, e drive systems and inverters for supporting the growing global shift towards vehicle electrification.
  • December 2019:  Weichai Power Co. Ltd, which is a traditional manufacturer of power train for heavy-duty commercial vehicles has made an acquisition with Aradex AG.
  • December 2019: Dana Inc. acquired Nordresa, which an electric power train supplier as well as manufacturer.

FIGURE 3: GLOBAL HYBRID DRIVETRAIN MARKET (USD BILLION), 2021-2030

FIGURE 3: GLOBAL HYBRID DRIVETRAIN MARKET (USD BILLION), 2021-2030

What Does This Report Provide? 

This report provides a detailed understanding of the global hybrid drivetrain market from qualitative and quantitative perspectives during the forecast period. The major market drivers, challenges, and opportunities for the global hybrid drivetrain market have been covered in the report. This report further includes the market shares of the leading companies operating in the global market, along with their production capacities and the growth strategies adopted by them.

Market Segmentation:

By Vehicle Type

  • Passenger Car
  • Commercial Vehicle
    • Hybrid/Electric Trucks
    • Construction Vehicles
    • Agriculture Vehicles
    • Others

By Type

  • Series
  • Parallel
  • Series-Parallel

By Powertrain System Type

  • Full Hybrid
  • Micro Hybrid
  • Mild Hybrid

By Propulsion Type

  • PHEV
  • Mild HEV
  • Full HEV

By Component

  • Electric Motors
  • Power Electronics
  • Battery
  • Others

By Power Range

  • 0-30KW
  • 30-100KW
  • 100-500KW
  • 500-1000KW
  • Above 1000KW

By Region:

North America

  • North America, by Country
    • U.S.
    • Canada
    • Mexico
  • North America, by Vehicle Type
  • North America, by Type
  • North America, by Powertrain System Type
  • North America, by Propulsion Type
  • North America, by Component
  • North America, by Power Range

Europe

  • Europe, by Country
    • Germany
    • Russia
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe 
  • Europe, by Vehicle Type
  • Europe, by Type
  • Europe, by Powertrain System Type
  • Europe, by Propulsion Type
  • Europe, by Component
  • Europe, by Power Range

Asia Pacific

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific 
  • Asia Pacific, by Vehicle Type
  • Asia Pacific, by Type
  • Asia Pacific, by Powertrain System Type
  • Asia Pacific, by Propulsion Type
  • Asia Pacific, by Component
  • Asia Pacific, by Power Range

Middle East & Africa

  • Middle East & Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa, by Vehicle Type
  • Middle East & Africa, by Type
  • Middle East & Africa, by Powertrain System Type
  • Middle East & Africa, by Propulsion Type
  • Middle East & Africa, by Component
  • Middle East & Africa, by Power Range

South America

  • South America, by Country 
    • Brazil
    • Argentina
    • Rest of South America
  • South America, by Vehicle Type
  • South America, by Type
  • South America, by Powertrain System Type
  • South America, by Propulsion Type
  • South America, by Component
  • South America, by Power Range
  • South America, by Car Type

Major Companies: In this report, the major companies studied are: Aisin Seiki (Japan), BAE Systems (UK), BorgWarner Inc (US), Continental AG (Germany), Delphi Automotive (UK), Denso (Japan), Hofer Powertrain (Europe), JATCO Ltd. (Japan), Magna International (Singapore), Magneti Marelli S.p.A (Italy), Obrist Powertrain (Austria), Punch Powertrain Nanjing (China), Texas Instruments (Texas), The Voith Group (Germany).

Objectives of this Report:

  • To estimate the market size for the hybrid drivetrain market on a regional and global basis.
  • To identify major segments in the hybrid drivetrain market and evaluate their market shares and demand.
  • To provide a competitive scenario for the market with major developments observed by the key companies in the historic years.
  • To evaluate the key factors governing the dynamics of the hybrid drivetrain market with their potential gravity during the forecast period.
  • To evaluate the leading company-wise pricing analysis for the mentioned applications.

Key Questioned Answered in the Study:

  • What are major growth drivers and market trends that are impacting the global hybrid drivetrain market?
  • What is the market size both in terms of value and volume for the global hybrid drivetrain market?
  • Who are the leading market players and who are the new market players that operate in the global market with an estimated market share?
  • What are the future investment pockets and opportunities in the global hybrid drivetrain market?
  • Major list of customers and potential futuristic customer list along with an estimated buying volume
  • Impact of COVID-19 on the global hybrid drivetrain market

Customization:

This study is customized to meet your specific requirements:

  • By sub-segment
  • By client-specific country, type, and application market analysis
  • Pricing analysis along with the potential list of customers
  • Product-specific competitive analysis

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