Automotive Hybrid Engine: Introduction

  • The hybrid engine contains at least one electric motor along with the gasoline engine to drive the vehicle. The three types of hybrid engines are series hybrid, parallel hybrid, and plug-in hybrid. In a series hybrid engine, the electric motor is utilized to provide power to the wheel. The motor receives energy from the battery or from an engine generator. In a parallel hybrid engine, the electric motor and engine both, together, drive the wheel. The plug-in hybrid engine is used when higher power is required to drive the vehicle.

Key Drivers of Automotive Hybrid Engine Market

  • Rise in demand for high performance vehicles is offering opportunities to improve vehicle engine efficiency. Rise in disposable income and reduction in tax rates on passenger and commercial vehicles due to the coronavirus pandemic are prompting consumers to own vehicles. Increase in government support across the globe for the adoption of alternate energy vehicles to reduce vehicle emission. According to the United States Environment Protection Agency, hybrid vehicles reduce 20% to 25% carbon emission, which is likely to increase the demand for hybrid engines across the globe.
  • Growing awareness about environment protection across the globe is likely to increase the demand for hybrid engines across the globe. Reduce in cost of batteries is anticipated to boost the automotive hybrid engine market across the globe.

For Right Perspective & Competitive Insights on Automotive Hybrid Engine Market, Request for a Sample

Europe & Asia Pacific to hold significant share of global automotive hybrid engine market

  • Europe is projected to account for a significant share of the global automotive hybrid engine market due to stringent rules and regulations regarding vehicle emission norms enacted across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers including Continental AG, Robert Bosch AG and Denso Corporation who have major facilities that undertake research & development regarding the hybrid engine, which is likely to propel the automotive hybrid engine market across the globe.
  • Followed by Europe, Asia Pacific is projected to account for a significant share of the global automotive hybrid engine market due to an increase in sale of vehicles across the region. Governments across major developed countries are investing to increase industrialization across the region, which is likely to boost the automotive hybrid engine market across the Asia Pacific. Rising demand for fuel-efficient vehicles across Asia Pacific is likely to drive the automotive hybrid engine market in the region.

Key Players Operating in Automotive Hybrid Engine Market

The global automotive hybrid engine market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global automotive hybrid engine market are:

  • Aisin Seiki
  • Cummins Inc.
  • BAE Systems
  • BorgWarner Inc.
  • Continental AG
  • Delphi Automotive
  • JATCO Ltd
  • Magna International
  • Denso Corporation
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG
  • Schaeffler AG
  • Allison Transmission
  • Daimler AG
  • Ford Motor Company
  • Toyota Motor Corporation
  • Volvo AB

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Global Automotive Hybrid Engine Market: Research Scope

Global Automotive Hybrid Engine Market, by Type

  • Parallel Hybrid
  • Series Hybrid
  • Plug-In Hybrid

Global Automotive Hybrid Engine Market, by Vehicle Type

  • Passenger Vehicle
    • Hatchback
    • Sedan
    • Utility Vehicle
  • Commercial Vehicle
    • Light Commercial vehicle
    • Heavy Commercial vehicle

Global Automotive Hybrid Engine Market, by Level

  • Full Hybrid
  • Micro Hybrid
  • Mild Hybrid

Global Automotive Hybrid Engine Market, by Sales Channel

  • OEM
  • Aftermarket

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Automotive Hybrid Engine Market