Hybrid Drivetrain Market
Global Hybrid Drivetrain Market Size, Share & Trends Analysis Report by Type (Series Drivetrains, Parallel Drivetrains, and Series-parallel Drivetrains), by Component (Electric Motor, Power Electronics, Controller, Inverter/Converter, and Battery Pack) and by Degree of Hybridization (Mild HEV, Full HEV, and PHEV) Forecast Period (2021-2027). Update Available - Forecast 2024-2030
The global hybrid drivetrain market is anticipated to grow at a significant CAGR of 26.5% during the forecast period. The global hybrid drivetrain market is driven by the increased initiatives taken by governmnet such as zero carbon emission to support the market. Transportaion sector accounts for 18% of total energy consumption in India and this demand is being met by importing crude oil, which contributes an estimated 142 million tonnes of CO2 emissions annually. Owing to which government is insisting setting out EV charging stations by offering capital subsidy through faster adoption and manufacturing of hybrid and electrical vehicles in India, under (FAME) India Scheme Phase II and state level initiatives. In addition, in February 2019, the Government of India reportedly announced a $1.4 billion subsidy program to boost sales of hybrid and electric vehicles in the country. Further, government has also delicenced the activity of setting up EV charging stations to increase private investments to enhance the adoption of market in future.
Moreover, Advanced hybrid drivetrains are increasingly witnessing technological advancements which are further bolstering the overall market outlook. For instance, in July 2019, Toyota reportedly announced the development of its second hybrid transmission at the TMMP plant located in Walbrzych, Poland. However, the increasing number of sales of fuel-based vehicles is likely to hamper the market growth during the forecast period.
Impact of COVID-19 Pandemic on Global Hybrid Drivetrain Market
The COVID-19 pandemic has affected almost every country globally. It has impacted automotive industry along with every other industry. The sale of cars declined during COVID-19 as showrooms were closed and manufacturing was also ceased. The demand for vehicles had decreased as the source of income for individuals and businesses was disturbed and they could not afford to buy new vehicles. Further, only essential activities were allowed during the lockdown period, which resulted in restrictions on sale and manufacturing of vehicles. However, government is taking initiatives to promote the hybrid and electric vehicles market post COVID-19 period.
Segmental Outlook
The global hybrid drivetrain market is segmented based on the type, component and degree of hybridization. Based on the type, the market is sub-segmented into series drivetrains, parallel drivetrains, series-parallel drivetrains. Based on the component, the market is sub-segmented into the electric motor, power electronics, controller, inverter/converter, battery pack. Based on the degree of hybridization, the market is sub-segmented into Mild HEV, Full HEV, and PHEV. Out of degree of hybridization, Mild HEV is anticipated to show the fastest growth during the forecast period.
Global Hybrid Drivetrain Market Share by Degree Of Hybridization, 2020 (%)
The Mild HEV Shows the Fastest Growth in the Global Hybrid Drivetrain Market.
The mild HEV indicates the fastest growth in hybrid drivetrain market as it offers various mechanical advantages. These vehicles comprise electric motor that delivers engine assistance of mild levels and offer a more distinguished and smooth driving operation. Mild HEV’s have witnessed substantial demand as they upsurge engine life by dropping mechanical stress and engine load, due to which various companies are launching vehicles containing mild HEV’s. For instance, in October 2021, Volvo launched two mild hybrid models of cars, the luxury S90 and and the midsize luxury SUV XC60. The launches were focused to complete petrol portfolio by the end of 2021.
Regional Outlooks
The global hybrid drivetrain market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). .
Global Hybrid Drivetrain Market Growth, by Region 2021-2027
The Europe Region Shows the Significant Growth in the Global Hybrid Drivetrain Market.
The Europe shows the significant growth in the global hybrid drivetrain market due to increased charging infrastructure, improved electrical vehicles and enhanced driving range in that region. The hybrid electrical vehicle shows the substantial growth in demand in Europe, owing to which companies are encouraged to bring innovative products in the market. For instance, in January 2022, Bentley Motors brought first Europen debut of its new Flying Spur Hybrid in Belgium. It is a substantial addition to the Bentley portfolio in Europe where the demand for electric products is on upsurge during 2021. It is the electrified sedan which is a merger between internal combustion engine and electric motor. The growing government policies and initiatives for low and zero-emission vehicles is further fueling the market growth.
Market Players Outlook
The major companies serving the global hybrid drivetrain market include Autovia Ltd., BAE Systems, BorgWarner Inc., ContiTech AG, Ford Motor Co., Honda Motor Co., Ltd., Jaguar Land Rover Automotive Plc, Toyota Motor Corp., Vantage Power Ltd., ZF Friedrichshafen AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2021, Ideanomics acquired US Hybrid, which provides and distributes electric powertrain components and fuel cell engines for commercial fleet applications. The mission of the acquisition was to reduce commercial fleet greenhouse gas emissions through advanced EV technologies which will fuel the market growth.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global hybrid drivetrain market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Hybrid Drivetrain Market
• Recovery Scenario of Global Hybrid Drivetrain Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Continental AG
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. JATCO Ltd
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Delphi Automotive,
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Punch Powertrain Nv
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. BAE Systems
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Hybrid Drivetrain Market by Type
4.1.1. Series Drivetrains
4.1.2. Parallel Drivetrains
4.1.3. Series-parallel Drivetrains
4.2. Global Hybrid Drivetrain Market by Component
4.2.1. Electric Motor
4.2.2. Power Electronics
4.2.3. Controller
4.2.4. Inverter/Converter
4.2.5. Battery Pack
4.3. Global Hybrid Drivetrain Market by Degree of Hybridization
4.3.1. Mild HEV
4.3.2. Full HEV
4.3.3. PHEV
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Allison Transmission, Inc.
6.2. Autovia Ltd.
6.3. BAE Systems
6.4. BorgWarner Inc.
6.5. ContiTech AG
6.6. Hofer Powertrain
6.7. Honda Motor Co., Ltd.
6.8. Jaguar Land Rover Automotive Plc
6.9. Magna International Inc.
6.10. Marelli Holdings Co., Ltd.
6.11. Obrist Powertrain GmbH
6.12. Texas Instruments Inc.
6.13. Vantage Power Ltd.
6.14. Voith GmbH & Co.
6.15. ZF Friedrichshafen AG
1. GLOBAL HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL SERIES DRIVETRAINS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL PARALLEL DRIVETRAINS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL SERIES-PARALLEL DRIVETRAINS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
6. GLOBAL ELECTRIC MOTOR IN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL POWER ELECTRONICS IN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL CONTROLLER IN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL INVERTER/CONVERTER IN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL BATTERY PACK IN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY DEGREE OF HYBRIDIZATION, 2020-2027 ($ MILLION)
12. GLOBAL MILD HEV IN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL FULL HEV IN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL PHEV IN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
17. NORTH AMERICAN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
18. NORTH AMERICAN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
19. NORTH AMERICAN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY DEGREE OF HYBRIDIZATION, 2020-2027 ($ MILLION)
20. EUROPEAN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. EUROPEAN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
22. EUROPEAN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
23. EUROPEAN HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY DEGREE OF HYBRIDIZATION, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY DEGREE OF HYBRIDIZATION, 2020-2027 ($ MILLION)
28. REST OF THE WORLD HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
29. REST OF THE WORLD HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
30. REST OF THE WORLD HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
31. REST OF THE WORLD HYBRID DRIVETRAIN MARKET RESEARCH AND ANALYSIS BY DEGREE OF HYBRIDIZATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL HYBRID DRIVETRAIN MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL HYBRID DRIVETRAIN MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL HYBRID DRIVETRAIN MARKET, 2021-2027 (%)
4. GLOBAL HYBRID DRIVETRAIN MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL SERIES DRIVETRAINS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL PARALLEL DRIVETRAINS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL SERIES-PARALLEL DRIVETRAINS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL HYBRID DRIVETRAIN MARKET SHARE BY COMPONENT, 2020 VS 2027 (%)
9. GLOBAL ELECTRIC MOTOR IN HYBRID DRIVETRAIN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL POWER ELECTRONICS IN HYBRID DRIVETRAIN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL CONTROLLER IN HYBRID DRIVETRAIN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL INVERTER/CONVERTER IN HYBRID DRIVETRAIN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL BATTERY PACK IN HYBRID DRIVETRAIN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL HYBRID DRIVETRAIN MARKET SHARE BY DEGREE OF HYBRIDIZATION, 2020 VS 2027 (%)
15. GLOBAL MILD HEV IN HYBRID DRIVETRAIN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL FULL HEV IN HYBRID DRIVETRAIN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL PHEV IN HYBRID DRIVETRAIN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL HYBRID DRIVETRAIN MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. US HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
20. CANADA HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
21. UK HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
22. FRANCE HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
23. GERMANY HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
24. ITALY HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
25. SPAIN HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
26. REST OF EUROPE HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
27. INDIA HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
28. CHINA HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
29. JAPAN HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
30. SOUTH KOREA HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF ASIA-PACIFIC HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF THE WORLD HYBRID DRIVETRAIN MARKET SIZE, 2020-2027 ($ MILLION)
