Global Electric & Hybrid Multi-Purpose Vehicle Market By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton), By Fuel Type (Hybrid and Electric), By End Use (Personal & Commercial), By Region, Competition Forecast & Opportunities, 2026

  • Industry : Automotive
  • Pages : 110
  • Published Date : May, 2021
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Summary

Report Description

Global electric & hybrid multi-purpose vehicle market stood at around 419.90 thousand units in 2020 and is expected to register growth of 10.72% by volume in the forecast period. Various government organizations are offering incentive schemes for the adoption of electric vehicles throughout the globe. Moreover, with lower ownership and running costs of electric or hybrid vehicles, as compared to diesel or petrol vehicles, the demand for electric and hybrid multi-purpose vehicles is growing especially from small and medium enterprises. According to a report published by “The Union of Concerned Scientists”, passenger cars and trucks are one of the leading causes of air pollution which increases respiratory ailments like asthma and bronchitis, heightens the risk of life-threatening conditions like cancer, and burdens the health care system with substantial medical costs. Particulate matter is singlehandedly responsible for up to 30,000 premature deaths each year. Governments across the globe are taking initiatives in cutting down the vehicle emissions, therefore there are various discounts and tax exemptions on electric vehicles which are making various fleet owners adopt EVs rapidly. These reasons cumulatively are expected to aid the growth of the global electric & hybrid multi-purpose vehicle market in the forecast period. Continuous business expansion of the worlds’ leading electric & hybrid automobile brands by increasing their product portfolio and customer outreach through more dealer addition is anticipated to intensify the competition in the global electric & hybrid multi-purpose vehicle market over the course of next five years.

Global electric & hybrid multi-purpose vehicle market can be segmented based on tonnage capacity, fuel type, end use, region and company. In terms of tonnage capacity, the majority of the market is held by electric & hybrid multi-purpose vehicles of engine capacity up to 3.5 tones. Since, most of the customers prefer this segment for lighter use, as compared to vans or minibuses, for transportation of 6-7 people. Hence, heavier multi-purpose vehicles are not popular in this category. A similar trend is expected to be witnessed in the forecast period. On the basis of fuel type, hybrid vehicles are still more popular among consumers, owing to the better range and performance they offer. Based on end use, the market is dominated by personal use vehicles. However, with numerous radio cab and taxi companies also involved in the adoption of electric & hybrid multi-purpose vehicles in their fleet, the commercial end use is expected to gain popularity at a faster rate in the forecast period. The market is also segmented among global regions of Asia-Pacific, North America and Europe. As of 2020, Asia-Pacific contributed a majority of the share, however, with increasing environmental concerns and growing EV infrastructure in Europe, countries in this region are expected to register the fastest growth through 2026.

Toyota Motor Corporation, Renault-Nissan Alliance, Honda Motor Company, Ltd., Stellantis N.V. (Citroen), Mercedes-Benz AG, etc. are some of the leading players operating in the global electric & hybrid multi-purpose vehicle market. Apart from these flagship companies, many startup companies are also increasing their footprint in the global electric & hybrid multi-purpose vehicle market by pushing their low-cost products blended with ease of availability.

Years considered for this report:

Historical Period: 2018-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

·         To analyze the historical growth in the market size of the global electric & hybrid multi-purpose vehicle market, in terms of value as well as volume, from 2018 to 2020.

·         To estimate and forecast the global electric & hybrid multi-purpose vehicle market from 2021 to 2026 and growth rate until 2026.

·         To classify and forecast global electric & hybrid multi-purpose vehicle market based on tonnage capacity, by fuel type, by end use and by region.

·         To identify drivers and challenges for the global electric & hybrid multi-purpose vehicle market.

·         To examine competitive developments such as business growth opportunities, new product development, mergers and acquisitions, etc., in the global electric & hybrid multi-purpose vehicle market.

·         To conduct the pricing analysis for the global electric & hybrid multi-purpose vehicle market.

·         To identify and analyze the profile of leading players involved in the manufacturing of global electric & hybrid multi-purpose vehicle market.


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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, dealers and distributors operating in global electric & hybrid multi-purpose vehicle market. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include vendors and service providers that could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, application, distribution channel and regional presence of all the electric & hybrid multi-purpose vehicle distributors and dealers across the globe.

TechSci Research calculated the market size for global electric & hybrid multi-purpose vehicle using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, Economic Intelligence Unit (EIU), Company Websites, company annual reports, white papers, investor presentations and financial reports were also studied for the global electric & hybrid multi-purpose vehicle market research by TechSci Research.

 
Key Target Audience:

·         Electric & hybrid multi-purpose vehicle manufacturing companies

·         Raw material suppliers

·         Dealers/distributors of Electric & Hybrid Multi-Purpose Vehicle

·         Governments and financial institutions

·         Research organizations and consulting companies

·         Research institutes

·         Associations, organizations, forums and alliances related to EVs

·         Industry associations

·         Market research and consulting firm

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the global electric & hybrid multi-purpose vehicle market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Electric & Hybrid Multi-Purpose Vehicle Market, By Tonnage Capacity:
    • Up to 3.5 Ton
    • Above 3.5 Ton
  • Global Electric & Hybrid Multi-Purpose Vehicle Market, By Fuel Type:
    • Hybrid
    • Electric
  • Global Electric & Hybrid Multi-Purpose Vehicle Market, By End Use:
    • Personal
    • Commercial
  • Global Electric & Hybrid Multi-Purpose Vehicle Market, By Region:
    • Asia-Pacific
    • North America
    • Europe

Company Profiles: Detailed analysis of the major companies present in the global electric & hybrid multi-purpose vehicle 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).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Electric & Hybrid Multi-Purpose Vehicle Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Influencer of Purchase

5.3.  Brand Recall

5.4.  Brand Switching

5.5.  Brand Satisfaction Level

6.    Global Electric & Hybrid Multi-Purpose Vehicle Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value (USD Million) & Volume (Unit)

6.2.  Market Share & Forecast

6.2.1.     By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

6.2.2.     By Fuel Type (Hybrid & Electric)

6.2.3.     By End Use (Personal & Commercial)

6.2.4.     By Company (2020)

6.2.5.     By Region (Asia-Pacific, North America and Europe)

6.3.  Market Map (By Fuel Type and By Region)

7.    Asia-Pacific Electric & Hybrid Multi-Purpose Vehicle Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value (USD Million) & Volume (Unit)

7.2.  Market Share & Forecast

7.2.1.     By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

7.2.2.     By Fuel Type (Hybrid & Electric)

7.2.3.     By End Use (Personal & Commercial)

7.2.4.     By Country (Japan, China, India, and South Korea)

7.3.  Asia-Pacific: Country Analysis

7.3.1.     Japan Electric & Hybrid Multi-Purpose Vehicle Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value (USD Million) & Volume (Unit)

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

7.3.1.2.2.             By Fuel Type (Hybrid & Electric)

7.3.1.2.3.             By End Use (Personal & Commercial)

7.3.2.     China Electric & Hybrid Multi-Purpose Vehicle Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value (USD Million) & Volume (Unit)

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

7.3.2.2.2.             By Fuel Type (Hybrid & Electric)

7.3.2.2.3.             By End Use (Personal & Commercial)

7.3.3.     India Electric & Hybrid Multi-Purpose Vehicle Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value (USD Million) & Volume (Unit)

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

7.3.3.2.2.             By Fuel Type (Hybrid & Electric)

7.3.3.2.3.             By End Use (Personal & Commercial)

7.3.4.     South Korea Electric & Hybrid Multi-Purpose Vehicle Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value (USD Million) & Volume (Unit)

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

7.3.4.2.2.             By Fuel Type (Hybrid & Electric)

7.3.4.2.3.             By End Use (Personal & Commercial)

8.    North America Electric & Hybrid Multi-Purpose Vehicle Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value (USD Million) & Volume (Unit)

8.2.  Market Share & Forecast

8.2.1.     By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

8.2.2.     By Fuel Type (Hybrid & Electric)

8.2.3.     By End Use (Personal & Commercial)

8.2.4.     By Country (United States, Canada, and Mexico)

8.3.  North America: Country Analysis

8.3.1.     United States Electric & Hybrid Multi-Purpose Vehicle Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value (USD Million) & Volume (Unit)

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

8.3.1.2.2.             By Fuel Type (Hybrid & Electric)

8.3.1.2.3.             By End Use (Personal & Commercial)

8.3.2.     Canada Electric & Hybrid Multi-Purpose Vehicle Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value (USD Million) & Volume (Unit)

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

8.3.2.2.2.             By Fuel Type (Hybrid & Electric)

8.3.2.2.3.             By End Use (Personal & Commercial)

8.3.3.     Mexico Electric & Hybrid Multi-Purpose Vehicle Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value (USD Million) & Volume (Unit)

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

8.3.3.2.2.             By Fuel Type (Hybrid & Electric)

8.3.3.2.3.             By End Use (Personal & Commercial)

9.    Europe Electric & Hybrid Multi-Purpose Vehicle Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value (USD Million) & Volume (Unit)

9.2.  Market Share & Forecast

9.2.1.     By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

9.2.2.     By Fuel Type (Hybrid & Electric)

9.2.3.     By End Use (Personal & Commercial)

9.2.4.     By Country (United Kingdom, Germany, Belgium, Finland, Netherlands, and Rest of the Europe)

9.3.  Europe: Country Analysis

9.3.1.     United Kingdom Electric & Hybrid Multi-Purpose Vehicle Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value (USD Million) & Volume (Unit)

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

9.3.1.2.2.             By Fuel Type (Hybrid & Electric)

9.3.1.2.3.             By End Use (Personal & Commercial)

9.3.2.     Germany Electric & Hybrid Multi-Purpose Vehicle Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value (USD Million) & Volume (Unit)

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

9.3.2.2.2.             By Fuel Type (Hybrid & Electric)

9.3.2.2.3.             By End Use (Personal & Commercial)

9.3.3.     Belgium Electric & Hybrid Multi-Purpose Vehicle Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value (USD Million) & Volume (Unit)

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

9.3.3.2.2.             By Fuel Type (Hybrid & Electric)

9.3.3.2.3.             By End Use (Personal & Commercial)

9.3.4.     Finland Electric & Hybrid Multi-Purpose Vehicle Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value (USD Million) & Volume (Unit)

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

9.3.4.2.2.             By Fuel Type (Hybrid & Electric)

9.3.4.2.3.             By End Use (Personal & Commercial)

9.3.5.     Netherlands Electric & Hybrid Multi-Purpose Vehicle Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value (USD Million) & Volume (Unit)

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Tonnage Capacity (Up to 3.5 Ton & Above 3.5 Ton)

9.3.5.2.2.             By Fuel Type (Hybrid & Electric)

9.3.5.2.3.             By End Use (Personal & Commercial)

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Competitive Landscape

12.1.              Toyota Motor Corporation

12.2.              Renault-Nissan Alliance

12.3.              Honda Motor Company, Ltd.

12.4.              Stellantis N.V. (Citroen)

12.5.              Mercedes-Benz AG

12.6.              Vauxhall Motors Limited

12.7.              Groupe PSA (Peugeot)

13.  Strategic Recommendations

14.  About Us & Disclaimer

Figures and Tables

Figure 1:            Global Electric & Hybrid Multi-Purpose Vehicle Market - Factors Influencing Purchase Decision (N=100)

Figure 2:            Global Electric & Hybrid Multi-Purpose Vehicle Market - Influencer of Purchase (N=100)

Figure 3:            Global Electric & Hybrid Multi-Purpose Vehicle Market - Aided Brand Recall (N=100)

Figure 4:            Global Electric & Hybrid Multi-Purpose Vehicle Market - Unaided Brand Recall (N=100)

Figure 5:            Global Electric & Hybrid Multi-Purpose Vehicle Market - Brand Switching (N=100)

Figure 6:            Global Electric & Hybrid Multi-Purpose Vehicle Market - Brand Switching Attributes (N=100)

Figure 7:            Global Electric & Hybrid Multi-Purpose Vehicle Market Brand Satisfaction Level (N=100)

Figure 8:            Global Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 9:            Global Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 10:          Global Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 11:          Global Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 12:          Global Electric & Hybrid Multi-Purpose Vehicle Market Share, By Company, By Volume (2020)

Figure 13:          Global Electric & Hybrid Multi-Purpose Vehicle Market Share, By Region, By Volume, 2018-2026F

Figure 14:          Global Electric & Hybrid Multi-Purpose Vehicle Market Map, By Fuel Type, Market Size (Unit) & Growth Rate (%)

Figure 15:          Global Electric & Hybrid Multi-Purpose Vehicle Market Map, By Region, Market Size (Unit) & Growth Rate (%)

Figure 16:          Asia-Pacific Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 17:          Asia-Pacific Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 18:          Asia-Pacific Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 19:          Asia-Pacific Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 20:          Asia-Pacific Electric & Hybrid Multi-Purpose Vehicle Market Share, By Country, By Volume, 2018-2026F

Figure 21:          Japan Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 22:          Japan Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 23:          Japan Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 24:          Japan Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 25:          China Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 26:          China Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 27:          China Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 28:          China Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 29:          India Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 30:          India Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 31:          India Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 32:          India Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 33:          South Korea Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 34:          South Korea Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 35:          South Korea Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 36:          South Korea Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 37:          North America Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 38:          North America Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 39:          North America Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 40:          North America Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 41:          North America Electric & Hybrid Multi-Purpose Vehicle Market Share, By Country, By Volume, 2018-2026F

Figure 42:          United States Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 43:          United States Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 44:          United States Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 45:          United States Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 46:          Canada Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 47:          Canada Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 48:          Canada Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 49:          Canada Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 50:          Mexico Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 51:          Mexico Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 52:          Mexico Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 53:          Mexico Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 54:          Europe Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 55:          Europe Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 56:          Europe Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 57:          Europe Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 58:          Europe Electric & Hybrid Multi-Purpose Vehicle Market Share, By Country, By Volume, 2018-2026F

Figure 59:          United Kingdom Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 60:          United Kingdom Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 61:          United Kingdom Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 62:          United Kingdom Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 63:          Germany Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 64:          Germany Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 65:          Germany Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 66:          Germany Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 67:          Belgium Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 68:          Belgium Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 69:          Belgium Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 70:          Belgium Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 71:          Finland Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 72:          Finland Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 73:          Finland Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 74:          Finland Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Figure 75:          Netherlands Electric & Hybrid Multi-Purpose Vehicle Market Size, By Value (USD Million), By Volume (Unit) 2018-2026F

Figure 76:          Netherlands Electric & Hybrid Multi-Purpose Vehicle Market Share, By Tonnage Capacity, By Volume, 2018-2026F

Figure 77:          Netherlands Electric & Hybrid Multi-Purpose Vehicle Market Share, By Fuel Type, By Volume, 2018-2026F

Figure 78:            Netherlands Electric & Hybrid Multi-Purpose Vehicle Market Share, By End Use, By Volume, 2018-2026F

Frequently asked questions

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Due to presence of various automobile manufacturing companies as well as established electric vehicle infrastructure, Japan is the country that generates most demand for electric & hybrid multi-purpose vehicles

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Due to reliability of larger ranges and better engine performances, hybrid multi-purpose vehicles are still more preferable to European customers as compared to electric ones. However, with new model launches of vehicles with better range and lesser charging time, electric MPVs are gaining popularity in the region.

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Finland, among all other countries is the fastest growing electric & hybrid MPV market across the globe. The country grew with a historic CAGR of 62.29% till 2020 and is expected to grow at a robust pace of 49.33% CAGR by volume through the forecast years.

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Toyota Motor Corporation, Renault-Nissan Alliance, and Honda Motor Company, Ltd. are the top three market players as of 2020. These companies have their distributor & dealer network widely spread across the globe. Moreover, they are acquiring mergers & tie-ups with various fleet owners & enterprises to gain market penetration as well as are actively involved in promotive activities and hence, are generating good revenue as compared to other companies operating in the region.

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Srishti Verma

Business Consultant
Press Release

Electric & Hybrid Multi-Purpose Vehicle Market to Grow at a CAGR of 10.72% by 2026

May, 2021

Owing to rapid adoption of EVs by fleet owners due to lower ownership costs and various tax exemptions, the global electric & hybrid multi-purpose vehicle market is expected to register a robust grow

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