Report Description

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.


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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.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Vehicle Type

·         Propulsion

·         Component

Regional scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Columbia; South Africa; Iran; Turkey; Egypt

Key companies profiled

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.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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:
    • Passenger Car
    • Light Commercial Vehicle (LCV)
    • Medium & Heavy Commercial Vehicle (M&HCV)
  • Hybrid Vehicle Powertrain Component Market, By Propulsion:
    • HEV
    • PHEV
  • Hybrid Vehicle Powertrain Component Market, By Component:
    • Battery
    • Motor
    • Controller
    • Engine
    • Transmission
    • Others
  • Hybrid Vehicle Powertrain Component Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • Malaysia
      • Thailand
      • Indonesia
      • Vietnam
      • South Korea
    • Europe & CIS
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
      • Belgium
      • Russia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • 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).

Global hybrid vehicle powertrain component market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

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

Figures and Tables

Frequently asked questions

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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 drive the demand for the global hybrid vehicle powertrain component market.

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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.

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Based on vehicle type, the market is divided into passenger car, light commercial vehicle (LCV), and medium & heavy commercial vehicle (M&HCV). Passenger car is expected to hold the largest market share in the forecast period.

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North America region is expected to account for largest market share over the forecast period.

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Srishti Verma

Business Consultant
Press Release

Hybrid Vehicle Powertrain Component Market to be dominated by Passenger Cars through 2027

Sep, 2022

Continuous improvement in the electric vehicle charging infrastructure is expected to drive the growth of global hybrid vehicle powertrain component market in the forecast period, 2023-2027.