About 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 | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.12% |
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 environmentThe Vendors having a strong hold in the market are Suzuki Motor Corporation, Toyota Motor Corporation, Volvo Group, Audi AG, Groupe PSA. Analyst at AMA Research estimates that European, Asian and United States Vendors will contribute the maximum growth to Global Mild Hybrid Vehicles market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are BMW AG (Germany) and General Motors Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Mild Hybrid Vehicles market by and Region.
On the basis of geography, the market of Mild Hybrid Vehicles 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). If we see Market by Distribution Channel, the sub-segment i.e. OEMs (Online, Offline) will boost the Mild Hybrid Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. HCV will boost the Mild Hybrid Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Application , the sub-segment i.e. Commercial will boost the Mild Hybrid Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Storage Capacity , the sub-segment i.e. 12 Volt will boost the Mild Hybrid Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery Type , the sub-segment i.e. Lithium Ion will boost the Mild Hybrid Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Men will boost the Mild Hybrid Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Trend of Electric vehicle is increasing the Popularity of Mild Hybrid Vehicle
Market Growth Drivers:
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
Challenges:
High Purchase Cost and Operational Cost 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
In September 2022, Swedish luxury car maker, Volvo Car has launched its latest range of Petrol mild-hybrid cars in India. The new 2023 lineup includes the Petrol mild-hybrid version of the company’s popular compact luxury SUV, The XC40.
Key Target Audience
Mild Hybrid Vehicle Manufacturers, Electric Vehicle Manufacturers, Hydride Vehicle Manufacturers, Investors, Private Research Organization, Raw Material Suppliers, Distributors and Suppliers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.