Global Hybrid Electric Vehicle (HEV) Market Insights and Forecast to 2028

Hybrid Electric Vehicle Market 

Due to the COVID-19 pandemic, the global Hybrid Electric Vehicle (HEV) market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period.

Fully considering the economic change by this health crisis, Parallel Hybrid Electric Vehicle accounting for % of the Hybrid Electric Vehicle (HEV) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While Commercial segment is altered to an % CAGR throughout this forecast period.

China Hybrid Electric Vehicle (HEV) market size is valued at US$ million in 2021, while the US and Europe Hybrid Electric Vehicle (HEV) are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period.

As for the Europe Hybrid Electric Vehicle (HEV) landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.

The global key manufacturers of Hybrid Electric Vehicle (HEV) include Nissan (Japan), Peugeot (France), Saturn (U.S.), Toyota (Japan), Volkswagen (Germany), Audi (Germany), BMW (Germany), Mercedes (Germany) and Buick (U.S.), etc. In 2021, the global top five players have a share approximately % in terms of revenue.

In terms of production side, this report researches the Hybrid Electric Vehicle (HEV) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Hybrid Electric Vehicle (HEV) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Hybrid Electric Vehicle (HEV) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Hybrid Electric Vehicle (HEV) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

By Type

• Parallel Hybrid Electric Vehicle
• Series Hybrid Electric Vehicle

By Application

• Commercial
• Passenger

By Company

• Nissan (Japan)
• Peugeot (France)
• Saturn (U.S.)
• Toyota (Japan)
• Volkswagen (Germany)
• Audi (Germany)
• BMW (Germany)
• Mercedes (Germany)
• Buick (U.S.)
• Chevrolet (U.S.)
• Daimler (Germany)
• AW Group Corp. (China)
• Honda (Japan)
• Mercedes (Germany)
• Ford (U.S.)
• Lexus (Japan)
• BYD (China)
• Volvo (Sweden)
• KIA (Korea)

Production by Region

• North America
• Europe
• China
• Japan
• South Korea
• India

Consumption by Region

• North America
• US.
• Canada
• Europe
• Germany
• France
• UK.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• Taiwan
• Indonesia
• Thailand
• Malaysia
• Philippines
• Vietnam
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• U.A.E