10 January 2019 –
The Global
Hybrid Cars Market is expected to grow at a significant CAGR in
the upcoming years as the scope and its applications are increasing across the
globe. An environmentally friendly vehicle which comprises combination of
gasoline fuel and electric motor with battery pack as energy source is referred
to a hybrid car. The factors that propel the growth of the Hybrid Cars Market
include increasing demand, rapid urbanization & industrialization, technological
innovations, and rise in government support.
In addition, one of the key factors that fuel the market
growth is the execution of strict emission standards across all regions in
order to control the air pollution. On the other hand, there are also factors
that may hamper the growth of the market such as high cost and availability of
electric cars. Hybrid Cars Industry is classified on the basis of product type,
applications, distribution channel and geography. Hybrid Cars Market is
segmented by product type as series hybrid, plug-in hybrid, parallel hybrid,
series-parallel hybrid, and others.
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Hybrid Cars Market is categorized by energy source as fuel
cell hybrids, natural gas hybrid, ICE hybrids, solar hybrid, and others. Hybrid
Cars Industry is classified on applications as passenger cars, commercial cars
and others. Among the applications, passenger cars segment is projected to hold
a significant share in this market.
Hybrid Cars Industry is segmented by distribution channel as
online stores, specialty stores and others. Hybrid Cars Market is classified on
the basis of geography as North America, Latin America, Western Europe, Eastern
Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada.
Latin America region consists of Mexico and Brazil. The Western European region
consists of Germany, Italy, France, England and Spain. The Eastern European
region consists of Poland and Russia. Asia Pacific region consists of China,
India, ASEAN, Australia& New Zealand. The Middle East and African region
consists of GCC, South Africa and North Africa.
By geography, Asia Pacific is projected to show significant
growth rates in the Hybrid Cars Market. Some of the key players that fuel the
growth of this industry include Toyota, BMW, Volkswagen AG, Hyundai Motor
Company, General Motors, Honda Motor Co., Ltd., Ford Motor Company, FCA N.V.,
Nissan Motor Company, and others. The key players are focusing on inorganic
growth to sustain themselves amidst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
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Market Segment:
Key Applications
•
Passenger Cars
•
Commercial Cars
Key Regions
·
North America
·
Europe
·
Asia Pacific
·
Middle East and Africa
·
South America
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