What is Mild Hybrid Vehicles?
A mild hybrid vehicle is also called as battery-assisted hybrid vehicles. In a mild hybrid vehicle, the traditional/pre-installed engine is integrated with an electric motor with battery. The pre-installed battery is being charged during the ride. Once the battery is charged then the vehicle can able to run on the battery by using the electric motor. Increasing environmental and health concern among people, strict government regulation related to the emission due to air pollution and high fuel efficiency over traditional vehicles are the major driver for the market. Additionally, the Rising Trend of Electric vehicle is Increasing the Popularity of Mild Hybrid Vehicle has been supplementing the overall growth of the market. However, huge initiate investment and high cost of ownership and high purchase cost and operational cost of a mild hybrid vehicle are the factors that have been limiting the overall growth of the market. However, increasing innovation and implementation of new methods for manufacturing of mild hybrid and increasing fuel prices across the globe can acts as a driver in the forecasted year.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Suzuki Motor Corporation (Japan), Toyota Motor Corporation (Japan), Volvo Group (Sweden), Audi AG (Germany), Groupe PSA (France), Changan Automobile (Group) Co., Ltd. (China), Honda Motor Company (Japan), Renault–Nissan–Mitsubishi Alliance (Netherlands), Daimler AG (Germany) and Volkswagen AG (Germany) |
CAGR | 10.12% |
The study covers a detailed analysis segmented by key business segments i.e. and major geographies. Research Analyst at AMA predicts that European, Asian and United States Vendors will contribute to the maximum growth of Global Mild Hybrid Vehicles market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Mild Hybrid Vehicles market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Suzuki Motor Corporation (Japan), Toyota Motor Corporation (Japan), Volvo Group (Sweden), Audi AG (Germany), Groupe PSA (France), Changan Automobile (Group) Co., Ltd. (China), Honda Motor Company (Japan), Renault–Nissan–Mitsubishi Alliance (Netherlands), Daimler AG (Germany) and Volkswagen AG (Germany).
The global mild hybrid vehicle market is highly concentrated to very few players including Suzuki Motor Corporation (Japan), Toyota Motor Corporation (Japan) and Volvo Group. Thus the market was showing strategic monopoly in a moderately competitive environment. However, with respect to minimal initial investments in vehicle manufacturing has favored the number of new entrants to gain market share from the local market. The global leaders business might be affected due to new entrants. Moreover, global leaders will continuously adopt strategic partnerships and technological developments to gain a competitive edge in a moderately competitive environment
Market Trend
Rising Trend of Electric vehicle is increasing the Popularity of Mild Hybrid Vehicle
Restraints
- Huge Initial Investment and High Cost of Ownership
Opportunities
Increasing Innovation and Implementation of New Methods for Manufacturing of Mild Hybrid and Increasing Fuel Prices across the Globe
Key highlights of the Global Mild Hybrid Vehicles market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Mild Hybrid Vehicles market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Mild Hybrid Vehicles market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Mild Hybrid Vehicles Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Mild Hybrid Vehicles market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Mild Hybrid Vehicles market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using 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 Mild Hybrid Vehicle Manufacturers, Electric Vehicle Manufacturers, Hydride Vehicle Manufacturers, Investors, Private Research Organization, Raw Material Suppliers, Distributors and Suppliers and Others.
This helps us to gather the data for the 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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.