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Global Hybrid Vehicle Powertrain Component Market, By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV)), By Propulsion (HEV, PHEV), By Component (Battery, Motor, Controller, Engine, Transmission, Others), and By Region, Competition Forecast and Opportunities, 2027
Market Report I 2022-10-01 I 113 Pages I TechSci Research
The global hybrid vehicle powertrain component market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027. Growing popularity of the hybrid vehicles due to rise in concerns regarding the negative effect of carbon emissions into the environment and rapid advancements in the automotive industry drives the demand for the global hybrid vehicle powertrain component market. Hybrid vehicles are in high demand as they offer several benefits including low operational and maintenance costs and less pollution. Favorable government policies and availability of income tax rebates and subsidies to the manufacturers and buyers of hybrid and electric vehicles are the other prominent factor that boosts the market growth. Increase in adoption of electric and fuel-cell electric vehicles and the high-end investments for the development of charging infrastructure further drives the global hybrid vehicle powertrain component market growth.
Increases in Sales and Production of Hybrid Vehicle Drives the Market Growth
Hybrid vehicles are powered by a combination of electric motor and internal combustion engine. The primary benefit of hybrid vehicle so that it consumes less fuel and emit less carbon dioxide than regular and diesel engines. Hybrid vehicles have greater fuel efficiency as they don't rely on a single fuel to run the vehicle. It uses regenerative braking which means when brakes are applied while driving the hybrid vehicles, the energy produced and used to recharge the high voltage battery. Hybrid vehicles requires less maintenance as they experience less wear and tear. Consumers are becoming more aware and are looking for novel solutions that can produce fuel-efficient vehicles are making the manufacturers to improve the propulsion system in the vehicles. Market players are making the use of advanced simulation technologies and instrumentation and test systems. They are also offering customized powertrain solutions to the customers. The high sales of hybrid vehicles powertrain are expected to bolster global hybrid vehicle powertrain component market growth over the forecast period.
Supportive Government Policies and Subsidies Boosts the Market Growth
Several governments are offering several subsidies to customers purchasing electric and hybrid vehicles. The demand for hybrid vehicles is growing in developing countries such as India, Brazil, Mexico due to stringent emission standards and the rise in the demand for zero-emission vehicles. Government of India announced extension of the scheme FAME II in 2021 to promote the electric vehicle sales throughout the country. The European Commission proposed a cut of 55% cut in carbon emissions from cars by 2030 and 100% cut in the carbon emissions by 2035. United Kingdom a target of net-zero emission by 2050 and proposed a ban on the sale of fossil fuel powered vehicles by 2035. The US Department of Transportation has set Corporate Average Fuel Economy (CAFE) standards for the automobiles which creates the demand for electric and hybrid vehicles. Also, the Dubai's Roads and Transport Authority and the Saudi Arabian government announced its plans to promote sustainable mobility solutions in their countries. Massive support from the government authorities and the rise in the consumer awareness about the benefits of using alternate fuel vehicles are expected to propel the global hybrid vehicle powertrain component market growth over the next five years.
Market Segmentation
The global hybrid vehicle powertrain component market is segmented into vehicle type, propulsion, component, regional distribution, and competition landscape. Based on the vehicle type, the market is divided into passenger car, light commercial vehicle (LCV), medium & heavy commercial vehicle (M&HCV). Based on propulsion, the market is bifurcated into HEV and PHEV. Based on component, the market is divided into battery, motor, controller, engine, transmission, and others. The market analysis also studies the regional segmentation, divided among North American region, Asia-Pacific region, European & CIS region, South American region, and Middle East & African region. In terms of country, the United States is expected to be a lucrative market for the global hybrid vehicle powertrain component market over the forecast period. Government support for production and sales of electric vehicles and the high-end investments for R&D activities supports the market growth in the country.
Market Players
Robert Bosch GmbH, BorgWarner Inc., Magna International Inc., Hitachi Automotive Systems Ltd, Cummins Inc., ZF Friedrichshafen AG, Mitsubishi Electric Corp., Schaeffler AG, Continental AG, Marelli Holdings Co., Ltd. are among the major market players in the global platform that lead the market growth of the global hybrid vehicle powertrain component market.
Report Scope:
In this report, global hybrid vehicle powertrain component market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Hybrid Vehicle Powertrain Component Market, By Vehicle Type:
o Passenger Car
o Light Commercial Vehicle (LCV)
o Medium & Heavy Commercial Vehicle (M&HCV)
- Hybrid Vehicle Powertrain Component Market, By Propulsion:
o HEV
o PHEV
- Hybrid Vehicle Powertrain Component Market, By Component:
o Battery
o Motor
o Controller
o Engine
o Transmission
o Others
- Hybrid Vehicle Powertrain Component Market, By Region:
o North America
- United States
- Canada
- Mexico
o Asia-Pacific
- China
- India
- Japan
- Malaysia
- Thailand
- Indonesia
- Vietnam
- South Korea
o Europe & CIS
- Germany
- France
- United Kingdom
- Spain
- Italy
- Belgium
- Russia
o South America
- Brazil
- Argentina
- Colombia
o Middle East & Africa
- South Africa
- Turkey
- Iran
- Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global hybrid vehicle powertrain component market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Hybrid Vehicle Powertrain Component Market
5. Voice of Customer
5.1. Factors Influencing Purchase Decision
5.2. Aided Brand Recall and Unaided Brand Recall
5.3. Brand Satisfaction Level
6. Global Hybrid Vehicle Powertrain Component Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value and Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV))
6.2.2. By Propulsion (HEV, PHEV)
6.2.3. By Component (Battery, Motor, Controller, Engine, Transmission, Others)
6.2.4. By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)
6.2.5. By Company (2021)
6.3. Product Market Map (By Vehicle Type, By Region)
7. North America Hybrid Vehicle Powertrain Component Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value and Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Propulsion
7.2.3. By Component
7.2.4. By Country (United States; Canada; Mexico)
7.3. Product Market Map (By Vehicle Type, By Country)
7.4. North America: Country Analysis
7.4.1. United States Hybrid Vehicle Powertrain Component Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value and Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Vehicle Type
7.4.1.2.2. By Propulsion
7.4.1.2.3. By Component
7.4.2. Canada Hybrid Vehicle Powertrain Component Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value and Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Vehicle Type
7.4.2.2.2. By Propulsion
7.4.2.2.3. By Component
7.4.3. Mexico Hybrid Vehicle Powertrain Component Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value and Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Vehicle Type
7.4.3.2.2. By Propulsion
7.4.3.2.3. By Component
8. Asia Pacific Hybrid Vehicle Powertrain Component Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value and Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Propulsion
8.2.3. By Component
8.2.4. By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)
8.2.5. Product Market Map (By Vehicle Type, By Country)
8.3. Asia Pacific: Country Analysis
8.3.1. China Hybrid Vehicle Powertrain Component Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value and Volume
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Vehicle Type
8.3.1.2.2. By Propulsion
8.3.1.2.3. By Component
8.3.2. India Hybrid Vehicle Powertrain Component Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value and Volume
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Vehicle Type
8.3.2.2.2. By Propulsion
8.3.2.2.3. By Component
8.3.3. Japan Hybrid Vehicle Powertrain Component Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value and Volume
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Vehicle Type
8.3.3.2.2. By Propulsion
8.3.3.2.3. By Component
8.3.4. Malaysia Hybrid Vehicle Powertrain Component Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value and Volume
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Vehicle Type
8.3.4.2.2. By Propulsion
8.3.4.2.3. By Component
8.3.5. Thailand Hybrid Vehicle Powertrain Component Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value and Volume
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Vehicle Type
8.3.5.2.2. By Propulsion
8.3.5.2.3. By Component
8.3.6. Indonesia Hybrid Vehicle Powertrain Component Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value and Volume
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Vehicle Type
8.3.6.2.2. By Propulsion
8.3.6.2.3. By Component
8.3.7. Vietnam Hybrid Vehicle Powertrain Component Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value and Volume
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Vehicle Type
8.3.7.2.2. By Propulsion
8.3.7.2.3. By Component
8.3.8. South Korea Hybrid Vehicle Powertrain Component Market Outlook
8.3.8.1. Market Size & Forecast
8.3.8.1.1. By Value and Volume
8.3.8.2. Market Share & Forecast
8.3.8.2.1. By Vehicle Type
8.3.8.2.2. By Propulsion
8.3.8.2.3. By Component
9. Europe & CIS Hybrid Vehicle Powertrain Component Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value and Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Propulsion
9.2.3. By Component
9.2.4. By Country (Germany, France, United Kingdom, Spain, Italy, Belgium, Russia)
9.3. Product Market Map (By Vehicle Type, By Country)
9.4. Europe & CIS: Country Analysis
9.4.1. Germany Hybrid Vehicle Powertrain Component Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value and Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Vehicle Type
9.4.1.2.2. By Propulsion
9.4.1.2.3. By Component
9.4.2. France Hybrid Vehicle Powertrain Component Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value and Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Vehicle Type
9.4.2.2.2. By Propulsion
9.4.2.2.3. By Component
9.4.3. United Kingdom Hybrid Vehicle Powertrain Component Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value and Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Vehicle Type
9.4.3.2.2. By Propulsion
9.4.3.2.3. By Component
9.4.4. Spain Hybrid Vehicle Powertrain Component Market Outlook
9.4.4.1. Market Size & Forecast
9.4.4.1.1. By Value and Volume
9.4.4.2. Market Share & Forecast
9.4.4.2.1. By Vehicle Type
9.4.4.2.2. By Propulsion
9.4.4.2.3. By Component
9.4.5. Italy Hybrid Vehicle Powertrain Component Market Outlook
9.4.5.1. Market Size & Forecast
9.4.5.1.1. By Value and Volume
9.4.5.2. Market Share & Forecast
9.4.5.2.1. By Vehicle Type
9.4.5.2.2. By Propulsion
9.4.5.2.3. By Component
9.4.6. Belgium Hybrid Vehicle Powertrain Component Market Outlook
9.4.6.1. Market Size & Forecast
9.4.6.1.1. By Value and Volume
9.4.6.2. Market Share & Forecast
9.4.6.2.1. By Vehicle Type
9.4.6.2.2. By Propulsion
9.4.6.2.3. By Component
9.4.7. Russia Hybrid Vehicle Powertrain Component Market Outlook
9.4.7.1. Market Size & Forecast
9.4.7.1.1. By Value and Volume
9.4.7.2. Market Share & Forecast
9.4.7.2.1. By Vehicle Type
9.4.7.2.2. By Propulsion
9.4.7.2.3. By Component
10. South America Hybrid Vehicle Powertrain Component Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value and Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type
10.2.2. By Propulsion
10.2.3. By Component
10.2.4. By Country (Brazil, Argentina, Colombia)
10.3. Product Market Map (By Vehicle Type, By Country)
10.4. South America: Country Analysis
10.4.1. Brazil Hybrid Vehicle Powertrain Component Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value and Volume
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Vehicle Type
10.4.1.2.2. By Propulsion
10.4.1.2.3. By Component
10.4.2. Argentina Hybrid Vehicle Powertrain Component Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value and Volume
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Vehicle Type
10.4.2.2.2. By Propulsion
10.4.2.2.3. By Component
10.4.3. Colombia Hybrid Vehicle Powertrain Component Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value and Volume
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Vehicle Type
10.4.3.2.2. By Propulsion
10.4.3.2.3. By Component
11. Middle East and Africa Hybrid Vehicle Powertrain Component Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value and Volume
11.2. Market Share & Forecast
11.2.1. By Vehicle Type
11.2.2. By Propulsion
11.2.3. By Component
11.2.4. By Country (South Africa, Turkey, Iran, Egypt)
11.3. Product Market Map (By Vehicle Type, By Country)
11.4. Middle East and Africa: Country Analysis
11.4.1. South Africa Hybrid Vehicle Powertrain Component Market Outlook
11.4.1.1. Market Size & Forecast
11.4.1.1.1. By Value and Volume
11.4.1.2. Market Share & Forecast
11.4.1.2.1. By Vehicle Type
11.4.1.2.2. By Propulsion
11.4.1.2.3. By Component
11.4.2. Turkey Hybrid Vehicle Powertrain Component Market Outlook
11.4.2.1. Market Size & Forecast
11.4.2.1.1. By Value and Volume
11.4.2.2. Market Share & Forecast
11.4.2.2.1. By Vehicle Type
11.4.2.2.2. By Propulsion
11.4.2.2.3. By Component
11.4.3. Iran Hybrid Vehicle Powertrain Component Market Outlook
11.4.3.1. Market Size & Forecast
11.4.3.1.1. By Value and Volume
11.4.3.2. Market Share & Forecast
11.4.3.2.1. By Vehicle Type
11.4.3.2.2. By Propulsion
11.4.3.2.3. By Component
11.4.4. Egypt Hybrid Vehicle Powertrain Component Market Outlook
11.4.4.1. Market Size & Forecast
11.4.4.1.1. By Value and Volume
11.4.4.2. Market Share & Forecast
11.4.4.2.1. By Vehicle Type
11.4.4.2.2. By Propulsion
11.4.4.2.3. By Component
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
14. Competitive Landscape
14.1. Company Profiles (Partial List of Leading Companies)
14.1.1. Robert Bosch GmbH
14.1.2. BorgWarner Inc.
14.1.3. Magna International Inc.
14.1.4. Hitachi Automotive Systems Ltd
14.1.5. Cummins Inc.
14.1.6. ZF Friedrichshafen AG
14.1.7. Mitsubishi Electric Corp.
14.1.8. Schaeffler AG
14.1.9. Continental AG
14.1.10. Marelli Holdings Co., Ltd.
15. Strategic Recommendations
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