Status : Published Published On : Jun, 2020 Report Code : VRAT4077 Industry : Automotive & Transportation Available Format : Page : 158

Global Hybrid Powertrain Systems Market – Analysis and Forecast (2019-2025)

Industry Insights by Product Type (Transmission, Engine, Electric Motor & Battery), by Application (Mild Hybrid Vehicles, Hybrid Vehicles, Plug-In Hybrid Vehicles)

Industry Overview

From USD 46.0 billion in 2019, the global hybrid powertrain systems market is predicted to grow to USD 55.0 billion by 2025, registering a CAGR of 4.0% during the forecast period (2020–2025). The growth of this market is attributed towards the capability of hybrid powertrain systems to eliminate production of emissions along with improved efficiency of hybrid enabled technologies.

Hybrid Powertrain Systems Market Highlights

Hybrid powertrain systems can also be defined as a combination of electrical powertrain and fuel powertrain. The blend of conventional powertrain components and transmission, internal combustion engine, electric components, high voltage energy storage, new electric motor and power electronics such as battery is collectively referred to as hybrid powertrain systems. The inclusion of progressive technique in hybrid powertrain systems new prototypes has been developed that leads to increasing popularity of product amongst tend-users that is further bolstering the growth of global hybrid powertrain systems market.

With the integration of drive train the hybrid vehicles are able to achieved reduced consumption of fuel and also enables conversion of stored energy into mechanical motion. Furthermore, hybrid powertrain system comprises of all of the components that are used for transforming stored potential energy. In addition, hybrid electric vehicles aims at combing super capacitor or battery complemented along with internal combustion engine (ICE) that helps in recharging the power of vehicles that helps hybrid powertrain systems uses flywheels that helps in storing energy and further enhancing the growth of global hybrid powertrain systems market. 

Market Segmentation

Insight by Product Type

Based upon product type, the global hybrid powertrain systems market is subdivided into transmission, engine and electric motor and battery. Amongst these segments, the electric motor and battery segment as electric motor and battery systems are considered to be energy efficient. Moreover, battery enabled electric cars have extensively light and zippy feel, fast acceleration as compared to that of conventional systems.

Report Metric

Details

Market Size Available for the Years in the Study

2015–2025

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2025

Segments Covered in the Study

Product Type, Application, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Allison Transmission, Eaton, Delphi Automotive, Bosch, Magneti Marelli, BAE Systems, Graziano Oerlikon, Siemens, Nanjing Punch Powertrain, ZF Friedrichshafen, Vossloh, Continental, Jatco, Getrag, and Voith

Insight by Application

On the basis of application, the global hybrid powertrain systems market is subdivided into mild hybrid vehicles, hybrid vehicles and plug-in hybrid vehicles. Amongst these segments, mild hybrid vehicle segment is expected to witness highest CAGR during the forecast period. The growth of this segment is attributed towards reduced consumption of fuel by using this vehicle. 

Industry Dynamics

Growth Drivers

Increasing government initiatives in order to escalate the growth of hybrid powertrain systems along with capability of hybrid powertrain systems to reduce fuel consumption are the key factors driving the growth of global hybrid powertrain systems market. The hybrid powertrain systems effectively conglomerates expertise of various single components that aims at integrating these components into an optimized system that further emphasis upon reduction of fuel consumption objectives. Furthermore, increasing initiatives undertaken by the government authorities towards exemptions from road tax, subsidies towards purchase of hybrid vehicles along with free car parking is another factor pertaining towards the growth of global hybrid powertrain systems market. 

Challenges

However, high upfront costs along with high production cost pertained with development of powertrain is the key factor anticipated to hinder the growth of global hybrid powertrain systems market. 

Geographic Overview

Geographically, North America is the largest revenue contributor in hybrid powertrain systems market due to extensive initiatives undertaken by government towards adopting environment friendly devices. Furthermore, prevalence of key players in the region along with aim of these companies to enhance their solution offers and further provide improved powertrain systems to the end-users is another factor pertaining towards the growth of hybrid powertrain systems market in North America.

Moreover, Asia-Pacific is expected to witness highest CAGR during the forecast period. The growth of this market in this region is attributed towards increasing sale of hybrid vehicles in China and increasing emphasis upon the development of hybrid vehicle technique in the region. Furthermore, due to increasing sale of electric buses in the region in the year 2019 is expected to accelerate the growth of hybrid powertrain systems market in this region. 

Competitive Insight

Key players operating in the hybrid powertrain systems market are emphasizing their efforts upon strategic acquisitions in order to strengthen capabilities of research & development that supports them in providing innovative solutions to the users and thus gain competitive advantage. 

Some of the major players operating in the global hybrid powertrain systems market include Allison Transmission, Eaton, Delphi Automotive, Bosch, Magneti Marelli, BAE Systems, Graziano Oerlikon, Siemens, Nanjing Punch Powertrain, ZF Friedrichshafen, Vossloh, Continental, Jatco, Getrag, and Voith.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.

Hybrid Powertrain Systems Market Size

Source: VynZ Research

Hybrid Powertrain Systems Market Analysis

Source: VynZ Research

Frequently Asked Questions

The global hybrid powertrain systems market is subdivided into transmission, engine and electric motor and battery. Amongst these segments, the electric motor and battery segment as electric motor and battery systems are considered to be energy efficient.
North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)
Some of the major players operating in the global hybrid powertrain systems market include Allison Transmission, Eaton, Delphi Automotive, Bosch, Magneti Marelli, BAE Systems, Graziano Oerlikon, Siemens, Nanjing Punch Powertrain, ZF Friedrichshafen, Vossloh, Continental, Jatco, Getrag, and Voith.
The global hybrid powertrain systems market registering a CAGR of 4.0% during the forecast period 2020–2025.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
Hybrid Powertrain Systems Market