Global Hybrid Drivetrain Market Overview:
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. According to AMA, the Global Hybrid Drivetrain market is expected to see growth rate of 32.83%
- 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
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Denso Corporation (Japan), Obrist Powertrain GmbH (Austria) and Punch Powertrain Nanjing (China). Analyst at AdvanceMarketAnalytics see North America and Europe Vendors to retain maximum share of Global Hybrid Drivetrain market by 2025. Considering Market by Engine Type, the sub-segment i.e. Gas-Only will boost the Hybrid Drivetrain market. Considering Market by Operation Modes, the sub-segment i.e. Electric Only will boost the Hybrid Drivetrain market. Considering Market by Degree of Hybridization, the sub-segment i.e. Mild Hybrid will boost the Hybrid Drivetrain market. Considering Market by Power Source, the sub-segment i.e. Internal Combustion Engine and Batteries will boost the Hybrid Drivetrain market. Considering Market by Component, the sub-segment i.e. Engine will boost the Hybrid Drivetrain market. Considering Market by Solution, the sub-segment i.e. Electrification will boost the Hybrid Drivetrain market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hybrid Drivetrain market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hybrid Drivetrain market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New 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.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.