Hybrid Drivetrain Market Scope
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%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 estimates that North America and Europe Vendors will contribute to the maximum growth of Global Hybrid Drivetrain market throughout the predicted period.
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 that are part of study coverage. Additionally, the Vendors which are also part of the research are Denso Corporation (Japan), Obrist Powertrain GmbH (Austria) and Punch Powertrain Nanjing (China).
Segmentation Overview
The study have segmented the market of Global Hybrid Drivetrain market 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 Region with country level break-up.
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).
Influencing Trend:
Growing Trend in Zero-Emission Electric Vehicles
Market Growth Drivers:
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 and Maintain Strong Acceleration to Offer An Exhilarating Driving Experience
Challenges:
High Component Prices
Restraints:
High Development Cost of Hybrid Drivetrain
Opportunities:
Increasing Adoption of Plug-in Hybrid Electric Vehicles, Growing Research, Development and Demonstration (RD&D) Initiatives and Massive Investments in Electric Vehicles
Analyst View
The United Kingdom and United States manufacturers will contribute to the maximum growth of global hybrid drivetrain market throughout the predicted period
Key Target Audience
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
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.