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)

Published Date: Jun, 2020

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).

Increasing use of electronic components and rapid demand of hybrid vehicles are the key trends expected to enhance the growth of global hybrid powertrain systems market. Hybrid and electric vehicles are considered to be future of mobility. Moreover, electric drive systems aim at permitting green driving in cities and could be used for longer distances when required. The aim of electric vehicle is to fully utilize the remaining scope of reducing CO2 emissions.

During the forecast period, the mild hybrid vehicle classification is projected to witness the fastest hybrid powertrain systems market growth, on the basis of 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.

Global Hybrid Powertrain Systems Market Segmentation Analysis

Segment

Categorization

Leading Category

Product Type

Transmission, Engine, Electric Motor & Battery

Electric Motor & Battery (Fastest)

Application

Mild Hybrid Vehicles, Hybrid Vehicles, Plug-In Hybrid Vehicles

Mild Hybrid Vehicles (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

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Geography Insight

Around the globe, North America was the largest hybrid powertrain systems market in 2019. 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.

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.

Competitive Insight

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

Scope of the Report

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.

Global Hybrid Powertrain Systems Market Coverage

Product Type Insight and Forecast 2015 – 2025

  • Transmission
  • Engine
  • Electric Motor & Battery

Application Insight and Forecast 2015 – 2025

  • Mild Hybrid Vehicles
  • Hybrid Vehicles
  • Plug-In Hybrid Vehicles

Geographical Segmentation

Hybrid Powertrain Systems Market by Region

North America

  • By Product Type
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Product Type
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Product Type
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Product Type
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

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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)