Scope of the Study
The hybrid drivetrain, also called a powertrain is used to transfer power from the engine to the drive wheels. It allows the driver to control the power flow, multiplies the engine torque, and controls the engine speed. These drivetrain improve fuel efficiency by reducing the number of pit stops. In hybrid electric vehicles (HEV), the drivetrain’s design determines how the electric motor works in conjunction with the conventional engine. The drivetrain affects the vehicle’s mechanical efficiency, fuel consumption, and purchasing price. Fuel economy regulations are becoming stricter in response to the global spread of environmental awareness due to this the demand for hybrid electric vehicles has increased. These HEVs include a battery, an electric motor, and an internal combustion engine in the drive train. As the consumption of HEV increases the demand for hybrid drivetrain ultimately increases.
The market study is being classified by Type (Series Hybrid Drivetrain, Parallel Hybrid Drivetrain and Series-Parallel Hybrid Drivetrain), by Application (Light-Duty Electric Vehicles and Heavy-Duty Electric Vehicles) and major geographies with country level break-up. According to AMA, the Global Hybrid Drivetrain market is expected to see growth rate of 32.83%
Aisin Seiki Co., Ltd. (Japan), Continental AG (Germany), Borgwarner Inc. (United States), ZF Friedrichshafen AG (Germany), Magneti Marelli S.p.A. (Italy), The Voith Group (Germany), BAE Systems plc (United Kingdom), Magna International, Inc. (Canada), JATCO Ltd. (Japan), Punch Powertrain Nanjing Co Ltd. (China) and Delphi Automotive PLC (Ireland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Denso Corporation (Japan), Obrist Powertrain GmbH (Austria) and Punch Powertrain Nanjing (China).
The manufacturers of the hybrid drivetrain market continue to focus on innovation and technological advancements in the products. Such developments coupled with competitive pricing are likely to assist in increasing market share over the forecast period. The key players are investing heavily in research & development to enhance product quality and sustain the changing market scenarios. Research Analyst at AMA predicts that North America and Europe Vendors will contribute to the maximum growth of Global Hybrid Drivetrain market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Hybrid Drivetrain market by Type, Application and Region.
On the basis of geography, the market of Hybrid Drivetrain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Series Hybrids Owing to their Stop-and-go Benefit
- Increase the Need for Better Emission Control and Advanced Exhaust Gas Treatment Systems
- Maintain Strong Acceleration to Offer An Exhilarating Driving Experience
- Growing Trend in Zero-Emission Electric Vehicles
- High Development Cost of Hybrid Drivetrain
- Increasing Adoption of Plug-in Hybrid Electric Vehicles
- Growing Research, Development and Demonstration (RD&D) Initiatives
- Massive Investments in Electric Vehicles
Analyst CommentThe United Kingdom and United States manufacturers will contribute to the maximum growth of global hybrid drivetrain market throughout the predicted period
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Hybrid Drivetrain Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
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