Hybrid Powertrain Systems Market

Industry Overview

From USD 46.0 billion in 2023, the Global Hybrid Powertrain Systems Market is predicted to grow to USD 57.4 billion by 2030, registering a CAGR of 4.5% during the forecast period (2025–2030). The growth of this market is attributed to the capability of hybrid powertrain systems to eliminate the production of emissions along with improved efficiency of hybrid-enabled technologies.

Hybrid powertrain systems can also be defined as a combination of an electrical powertrain and a 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. With the inclusion of progressive techniques in hybrid powertrain systems, new prototypes have been developed that lead to the increasing popularity of the product amongst tend-users that is further bolstering the growth of the global hybrid powertrain systems market.

With the integration of drive-train hybrid vehicles can achieve reduced consumption of fuel and also enable conversion of stored energy into mechanical motion. Furthermore, a hybrid powertrain system comprises all of the components that are used for transforming stored potential energy. In addition, hybrid electric vehicles aim at combining super capacitor or battery complemented along with an internal combustion engine (ICE) that helps in recharging the power of vehicles that helps hybrid powertrain systems use flywheels that help in storing energy and further enhancing the growth of global hybrid powertrain systems market. 

Market Segmentation

Insight by Product Type

Based on 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, and fast acceleration as compared to conventional systems.

Global Hybrid Powertrain Systems Market Report Coverage

Insight by Application

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

Industry Dynamics

Growth Drivers

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

Challenges

However, high upfront costs along with high production costs for the development of powertrains are the key factors anticipated to hinder the growth of the global hybrid powertrain systems market. 

Geographic Overview

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

Moreover, Asia-Pacific is expected to witness the highest CAGR during the forecast period. The growth of this market in this region is attributed to the increasing sale of hybrid vehicles in China and increasing emphasis on the development of hybrid vehicle techniques in the region. Furthermore, to increasing sale of electric buses in the region in the year 2019 is expected to accelerate the growth of the 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 to strengthen capabilities of research & development that support them in providing innovative solutions to the users and thus gain a competitive advantage.

Allison Transmission Holdings Inc. is an American manufacturer of commercial duty automatic transmissions and hybrid propulsion systems. 

Eaton is a a power management company doing business in more than 175 countries. The energy-efficient products and services help their customers effectively manage electrical, hydraulic and mechanical power more reliably, efficiently, safely and sustainably. The company helps companies do business more sustainably 

Recent Developments by Key Players

Allison Transmission has collaborated with Team Lynx, led by American Rheinmetall Vehicles, to provide the eGen Force electric hybrid system for the US Army's XM30 mechanised infantry combat vehicle.

Eaton has been selected by a leading manufacturer of electrified vehicles to supply an unique ELocker differential system for use on a new plug-in electric hybrid (PHEV) SUV.This is an electronic locking designed for drivers who want full control and traction on demand. It features net-forged gears offering the strength and durability need of off-road and recreational driving, while its electronic controls provide driver-selectable operation.

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 industry experts. The key profiles approached within the industry include, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end user surveys comprising consumers are also conducted to understand consumer behavior.

The Hybrid Powertrain Systems Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• Product Type
  • Transmission
  • Engine
  • Electric Motor & Battery
• Application
  • Mild Hybrid Vehicles
  • Hybrid Vehicles
  • Plug-In Hybrid Vehicles

Geographical Segmentation

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

Source: VynZ Research

Source: VynZ Research

1. Research Overview 

  1.1. The Report Offers
  1.2. Market Coverage
    1.2.1. By Product Type
    1.2.2. By Application
  1.3. Research Phases
  1.4. Limitations
  1.5. Research Methodology
    1.5.1. Data Sources
      1.5.1.1. Primary Research
      1.5.1.2. Secondary Research
    1.5.2. Methodology
      1.5.2.1. Data Exploration
      1.5.2.2. Forecast Parameters
      1.5.2.3. Data Validation
      1.5.2.4. Assumptions
    1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Industry Overview

  3.1. Industry Dynamics
    3.1.1. Market Growth Drivers
    3.1.2. Market Restraints
    3.1.3. Key Market Trends
    3.1.4. Major Opportunities
  3.2. Industry Ecosystem
    3.2.1. Porter’s Five Forces Analysis
    3.2.2. Recent Development Analysis
    3.2.3. Value Chain Analysis
  3.3. Competitive Insight
    3.3.1. Competitive Position of Industry Players
    3.3.2. Market Attractive Analysis

4. Global Market Estimate and Forecast

  4.1. Global Market Overview
  4.2. Global Market Estimate and Forecast to 2030

5. Market Segmentation Estimate and Forecast

  5.1. By Product Type 
    5.1.1. Transmission
      5.1.1.1. Market Definition
    5.1.2. Engine 
      5.1.2.1. Market Definition
      5.1.2.2. Market Estimation and Forecast to 2030
    5.1.3. Electric Motor and Battery
      5.1.3.1. Market Definition
      5.1.3.2. Market Estimation and Forecast to 2030
  5.2. By Application
    5.2.1. Mild Hybrid Vehicles
      5.2.1.1. Market Definition
      5.2.1.2. Market Estimation and Forecast to 2030
    5.2.2. Hybrid Vehicles 
      5.2.2.1. Market Definition
      5.2.2.2. Market Estimation and Forecast to 2030
    5.2.3. Plug-In Hybrid Vehicles 
      5.2.3.1. Market Definition
      5.2.3.2. Market Estimation and Forecast to 2030

6. North America Market Estimate and Forecast

  6.1. By Product Type
  6.2. By Application 
  6.3. By Country
    6.3.1. U.S. Market Estimate and Forecast
    6.3.2. Canada Market Estimate and Forecast
    6.3.3. Mexico Market Estimate and Forecast

7. Europe Market Estimate and Forecast

  7.1. By Vehicle Type
  7.2. By Application 
  7.3. By Country
    7.3.1. Germany Market Estimate and Forecast
    7.3.2. France Market Estimate and Forecast
    7.3.3. U.K. Market Estimate and Forecast
    7.3.4. Italy Market Estimate and Forecast
    7.3.5. Spain Market Estimate and Forecast
    7.3.6. Russia Market Estimate and Forecast
    7.3.7. Rest of Europe Market Estimate and Forecast

8. Asia-Pacific Market Estimate and Forecast

  8.1. By Product Type
  8.2. By Application 
  8.3. By Country 
    8.3.1. China Market Estimate and Forecast
    8.3.2. Japan Market Estimate and Forecast
    8.3.3. India Market Estimate and Forecast
    8.3.4. South Korea Market Estimate and Forecast
    8.3.5. Rest of Asia-Pacific Market Estimate and Forecast

9. Rest of the World (RoW) Market Estimate and Forecast

  9.1. By Product Type
  9.2. By Application 
  9.3. By Country
    9.3.1. Brazil Market Estimate and Forecast
    9.3.2. Saudi Arabia Market Estimate and Forecast
    9.3.3. South Africa Market Estimate and Forecast
    9.3.4. U.A.E. Market Estimate and Forecast
    9.3.5. Other Countries Market Estimate and Forecast

10. Company Profiles

  10.1. Allison Transmission
    10.1.1. Snapshot
    10.1.2. Overview
    10.1.3. Offerings
    10.1.4. Financial Insight
    10.1.5. Recent Developments
  10.2. Eaton
    10.2.1. Snapshot
    10.2.2. Overview
    10.2.3. Offerings
    10.2.4. Financial Insight
    10.2.5. Recent Developments
  10.3. Delphi Automotive
    10.3.1. Snapshot
    10.3.2. Overview
    10.3.3. Offerings
    10.3.4. Financial Insight
    10.3.5. Recent Developments
  10.4. Bosch
    10.4.1. Snapshot
    10.4.2. Overview
    10.4.3. Offerings
    10.4.4. Financial Insight
    10.4.5. Recent Developments
  10.5. Magneti Marelli
    10.5.1. Snapshot
    10.5.2. Overview
    10.5.3. Offerings
    10.5.4. Financial Insight
    10.5.5. Recent Developments
  10.6. BAE Systems
    10.6.1. Snapshot
    10.6.2. Overview
    10.6.3. Offerings
    10.6.4. Financial Insight
    10.6.5. Recent Developments
  10.7. Graziano Oerlikon
    10.7.1. Snapshot
    10.7.2. Overview
    10.7.3. Offerings
    10.7.4. Financial Insight
    10.7.5. Recent Developments
  10.8. Siemens
    10.8.1. Snapshot
    10.8.2. Overview
    10.8.3. Offerings
    10.8.4. Financial Insight
    10.8.5. Recent Developments
  10.9. Nanjing Punch Powertrain
    10.9.1. Snapshot
    10.9.2. Overview
    10.9.3. Offerings
    10.9.4. Financial Insight
    10.9.5. Recent Developments
  10.10. ZF Friedrichshafen
    10.10.1. Snapshot
    10.10.2. Overview
    10.10.3. Offerings
    10.10.4. Financial Insight
    10.10.5. Recent Developments
  10.11. Vossloh
    10.11.1. Snapshot
    10.11.2. Overview
    10.11.3. Offerings
    10.11.4. Financial Insight
    10.11.5. Recent Developments
  10.12.  Continental
    10.12.1. Snapshot
    10.12.2. Overview
    10.12.3. Offerings
    10.12.4. Financial Insight
    10.12.5. Recent Developments
  10.13. Jatco
    10.13.1. Snapshot
    10.13.2. Overview
    10.13.3. Offerings
    10.13.4. Financial Insight
    10.13.5. Recent Developments
  10.14. Getrag 
    10.14.1. Snapshot
    10.14.2. Overview
    10.14.3. Offerings
    10.14.4. Financial Insight
    10.14.5. Recent Developments
  10.15. Voith
    10.15.1. Snapshot
    10.15.2. Overview
    10.15.3. Offerings
    10.15.4. Financial Insight
    10.15.5. Recent Developments

11. Appendix

  11.1. Exchange Rates
  11.2. Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Hybrid Powertrain Systems Market Size, by Product Type, 2018 – 2023 (USD Billion)
Table 5 Global Hybrid Powertrain Systems Market Size, by Product Type, 2025 – 2030 (USD Billion)
Table 6 Global Hybrid Powertrain Systems Market Size, by Application, 2018 – 2023 (USD Billion)
Table 7 Global Hybrid Powertrain Systems Market Size, by Application, 2025 – 2030 (USD Billion)
Table 8 Global Hybrid Powertrain Systems Market Size, by Region, 2018 – 2023 (USD Billion)
Table 9 Global Hybrid Powertrain Systems Market Size, by Region, 2025 – 2030 (USD Billion)
Table 10 North America Hybrid Powertrain Systems Market Size, by Product Type, 2018 – 2023 (USD Billion)
Table 11 North America Hybrid Powertrain Systems Market Size, by Product Type, 2025 – 2030 (USD Billion)
Table 12 North America Hybrid Powertrain Systems Market Size, by Application, 2018 – 2023 (USD Billion)
Table 13 North America Hybrid Powertrain Systems Market Size, by Application, 2025 – 2030 (USD Billion)
Table 14 North America Hybrid Powertrain Systems Market Size, by Country, 2018 – 2023 (USD Billion)
Table 15 North America Hybrid Powertrain Systems Market Size, by Country, 2025 – 2030 (USD Billion)
Table 16 Europe Hybrid Powertrain Systems Market Size, by Product Type, 2018 – 2023 (USD Billion)
Table 17 Europe Hybrid Powertrain Systems Market Size, by Product Type, 2025 – 2030 (USD Billion)
Table 18 Europe Hybrid Powertrain Systems Market Size, by Application, 2018 – 2023 (USD Billion)
Table 19 Europe Hybrid Powertrain Systems Market Size, by Application, 2025 – 2030 (USD Billion)
Table 20 Europe Hybrid Powertrain Systems Market Size, by Country, 2018 – 2023 (USD Billion)
Table 21 Europe Hybrid Powertrain Systems Market Size, by Country, 2025 – 2030 (USD Billion)
Table 22 Asia-Pacific Hybrid Powertrain Systems Market Size, by Product Type, 2018 – 2023 (USD Billion)
Table 23 Asia-Pacific Hybrid Powertrain Systems Market Size, by Product Type, 2025 – 2030 (USD Billion)
Table 24 Asia-Pacific Hybrid Powertrain Systems Market Size, by Application, 2018 – 2023 (USD Billion)
Table 25 Asia-Pacific Hybrid Powertrain Systems Market Size, by Application, 2025 – 2030 (USD Billion)
Table 26 Asia-Pacific Hybrid Powertrain Systems Market Size, by Country, 2018 – 2023 (USD Billion)
Table 27 Asia-Pacific Hybrid Powertrain Systems Market Size, by Country, 2025 – 2030 (USD Billion)
Table 28 RoW Hybrid Powertrain Systems Market Size, by Product Type, 2018 – 2023 (USD Billion)
Table 29 RoW Hybrid Powertrain Systems Market Size, by Product Type, 2025 – 2030 (USD Billion)
Table 30 RoW Hybrid Powertrain Systems Market Size, by Application, 2018 – 2023 (USD Billion)
Table 31 RoW Hybrid Powertrain Systems Market Size, by Application, 2025 – 2030 (USD Billion)
Table 32 RoW Hybrid Powertrain Systems Market Size, by Country, 2018 – 2023 (USD Billion)
Table 33 RoW Hybrid Powertrain Systems Market Size, by Country, 2025 – 2030 (USD Billion)
Table 34 Snapshot – Allison Transmission
Table 35 Snapshot – Eaton
Table 36 Snapshot – Delphi Automotive
Table 37 Snapshot – Bosch
Table 38 Snapshot – Magneti Marelli
Table 39 Snapshot – BAE Systems
Table 40 Snapshot – Graziano Oerlikon
Table 41 Snapshot – Siemens
Table 42 Snapshot – Nanjing Punch Powertrain
Table 43 Snapshot – ZF Friedrichshafen
Table 44 Snapshot – Vossloh
Table 45 Snapshot – Continental
Table 46 Snapshot – Jatco
Table 47 Snapshot – Getrag
Table 48 Snapshot – VoithTable 1 Sources
 

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Hybrid Powertrain Systems Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Hybrid Powertrain Systems Market Highlight
Figure 12 Global Hybrid Powertrain Systems Market Size, by Product Type, 2018 - 2030 (USD Billion)
Figure 13 Global Hybrid Powertrain Systems Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 14 Global Hybrid Powertrain Systems Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 15 North America Hybrid Powertrain Systems Market Highlight
Figure 16 North America Hybrid Powertrain Systems Market Size, by Product Type, 2018 - 2030 (USD Billion)
Figure 17 North America Hybrid Powertrain Systems Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 18 North America Hybrid Powertrain Systems Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 19 Europe Hybrid Powertrain Systems Market Highlight
Figure 20 Europe Hybrid Powertrain Systems Market Size, by Product Type, 2018 - 2030 (USD Billion)
Figure 21 Europe Hybrid Powertrain Systems Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 22 Europe Hybrid Powertrain Systems Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 23 Asia-Pacific Hybrid Powertrain Systems Market Highlight
Figure 24 Asia-Pacific Hybrid Powertrain Systems Market Size, by Product Type, 2018 - 2030 (USD Billion)
Figure 25 Asia-Pacific Hybrid Powertrain Systems Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Hybrid Powertrain Systems Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 27 RoW Hybrid Powertrain Systems Market Highlight
Figure 28 RoW Hybrid Powertrain Systems Market Size, by Product Type, 2018 - 2030 (USD Billion)
Figure 29 RoW Hybrid Powertrain Systems Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 30 RoW Hybrid Powertrain Systems Market Size, by Country, 2018 - 2030 (USD Billion)