Hybrid Electric Powertrain Market (By Vehicle Types: Plug-in Hybrid Vehicles, Hybrid Vehicles; By Component: Power Distribution Module, Battery Pack, Transmission, Inverter/Converter, DC Converter, Electric Drive Train, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027

The global hybrid electric powertrain market size is expected to reach around US$ 90 Bn by 2027 and is anticipated to grow at a CAGR of around 11% in terms of revenue during the forecast period, 2020 – 2027.

The newest developments in the car industry are hybrid electric powertrains. In order to prevent global warming and allow the most efficient use of various energy sources, the growing practice towards creating a low-carbon atmosphere contributed to producing hybrid electric vehicles. The internal combustion engine and an electric motor that uses stored battery energy drives hybrid electric cars. The battery cannot be attached to a hybrid electric car. The regenerative braking and internal combustion engine charge the pump.

The report provides analysis of global hybrid electric powertrain market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.

Market Dynamics

Rising urbanization and increased demand for electric powered cars drives the hybrid electric powertrain market. In addition, the global hybrid powertrain industry is expected to follow strict government regulations and increase fuel efficiency for hybrid vehicles in forecast timeframe. In the next few years, a substantial problem is expected to occur in the manufacturing costs associated with the powertrain. Besides, pioneering E-performance innovations are the key developments that attract players to build an environmentally friendly and efficient powertrain. It is incredibly important to substitute the gasoline-fed internal combustion motors with a system that produces quiet, low friction and instant torque. E-Powertrain provides sensitive, quiet, high quality drives.

Regional Stance

Asia-Pacific hybrid electric powertrain market is projected to expand at the fastest pace between 2020 and 2027. Japan is market leader as hybrid cars are expanding and hybrid vehicle technologies in the world are gradually being developed. Additionally, policy incentives such as exemptions from road taxes, free car parking and hybrid subsidies are a significant factor in promoting the adoption of hybrid electric powertrain in the country. Automakers are adding more of the same cars with improved capacities with the growing sales of electric vehicles. On the other hand, China's demand growth in 2018 has been slow due to regulatory changes, and production is expected to bounce back as automakers adjusting prices absorb these changes. With over 90 percent of electric buses sold in China, China has been world leader in the fields of electric commercial vehicles.

The global supplier of electricity generation is joining the Chinese market by forming joint ventures and alliances with local producers to capitalize on rising demand for electric vehicles. Magna International for example has signed an agreement to grow its electric drive footprint with Huayu Automotive Systems in China.

Report coverage

The market research study on “Hybrid Electric Powertrain Market (Hybrid Electric Powertrain Market By Vehicle Type: Plug-in Hybrid Vehicles, Hybrid Vehicles; Hybrid Electric Powertrain Market By Component: Power Distribution Module, Battery Pack, Transmission, Inverter/Converter, DC Converter, Electric Drive Train, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Hybrid Electric Powertrain market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Hybrid Electric Powertrain market size, and segment markets By Product, application, end use, and geography along with the information on companies operating in the market. The Hybrid Electric Powertrain market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.  

The global Hybrid Electric Powertrain market is segmented as below:

Market Segmentation

Hybrid Electric Powertrain Market By Vehicle Types

• Plug-in Hybrid Vehicles
• Hybrid Vehicles

Hybrid Electric Powertrain Market By Component

• Power Distribution Module
• Battery Pack
• Transmission
• Inverter/Converter
• DC Converter
• Electric Drive Train
• Other

Hybrid Electric Powertrain Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Key Players and Market Situation

Participants include major global players such as BYD Auto Co. Ltd., Honda Motor Company, Toyota Motors, Nissan Motor Co. Ltd., Kia Motors Corporation, Suzuki Motor Corporation, and Others.