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Global Hybrid Electric Vehicle Market to grow at a CAGR of 37.16% during 2016-2020

Press Release   •   Jan 11, 2017 04:10 EST

About Hybrid Electric Vehicle

HEVs represent the transformation of the global automotive industry. HEVs are an amalgamation of ICE vehicles and electric vehicles (EVs). Currently, traditional ICE vehicles dominate the industry due to their tested and proven engine mechanism, performance, and buyers' preferences. The production of HEVs started from the 19th century in Germany where Ferdinand Porsche made the first gasoline-electric hybrid automobile, the Lohner-Porsche Mixte. In 1905, Henri Pieper developed the historic HEV model, which had similar technology as the present one. This model from 1905 included an electric motor/generator, batteries, and a small engine. Batteries could be charged through electric motors while cruising at lower speeds. Wheels received power through both the motor and engine during extra torque requirements such as driving up a hill.

Technavios analysts forecast the global hybrid electric vehicle market to grow at a CAGR of 37.16% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global hybrid electric vehicle market for 2016-2020. To calculate the market size, the report includes the entire range of hybrid cars available in the market, with region-wise landscaping.

The market is divided into the following segments based on geography:

APAC

Europe

North America

Technavio's report, Global Hybrid Electric Vehicle Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Download Sample Copy of Report at http://www.marketresearchreports.biz/sample/sample/877674

Key vendors

Toyota

Hyundai

Honda

Ford

Nissan

Other prominent vendors

BMW

Chevrolet

Hyundai

Lexus

Porsche

Volkswagen

Market driver

Subsidies and tax rebates for HEVs to reduce dependency on petroleum products.

For a full, detailed list, view our report

Market challenge

Cost-to-weight ratio high for hybrid vehicles than ICE vehicles.

For a full, detailed list, view our report

Market trend

High-density, high-power, and small-size batteries.

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?