Global Hybrid Trucks Market Overview:
Hybrid trucks are the trucks that use gasoline or diesel to power an internal combustion engine and also have an electric motor and battery. By using both conventional engine and electric motor, hybrid trucks achieve significantly better fuel efficiency than non-hybrid trucks. They are less polluting vehicles and saves fuel. Regenerative breaking is another fuel-saving feature of the hybrid trucks. It captures some of the kinetic energy when applies breaks. Some of the key players profiled in the study are Daimler AG (Germany), Hino Motors (Japan), Allison Transmission (United States), Balqon Corporation (United States), Honda Motor Company (Japan), Scania AB (Sweden), Crane Carrier Company (United States), Toyota (Japan), Boulder Electric Vehicle (United States) and Ford Motor (United States).
On the basis of geography, the market of Hybrid Trucks 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).
- Increased Demand for Hybrid Vehicles
- Less Dependence on Fossil Fuels and Improved Fuel Efficiency
- Decreased Sources of Fossil Fuels
- Trend of Greener Forms of Transport System
- Less Awareness among the People
- Rising Demand from Developed and Developing Countries
- Increased Demand for Vehicles with More Fuel Efficiency
- Production of Hybrid Trucks with Improved Technology
Major Market Developments:
On 4th September 2018, Scania AB, launched plug-in hybrid electric truck (PHEV) based on the new truck generation. The new hybrid trucks are powered by Scania’s DC09, an inline five-cylinder engine that can run on HVO (hydrotreated vegetable oil) or diesel, working in parallel with an electric machine.
Hybrid Trucks Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Major Objectives Focused through this Study
To define, describe, and forecast the Global Hybrid Trucks market on the basis of product [Series Hybrid Trucks, Parallel Hybrid Trucks and Series-Parallel Hybrid Trucks] , application [Transpiration and Freight], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Hybrid Trucks market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Hybrid Trucks industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Hybrid Trucks market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.