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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.

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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

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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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Hybrid Engine Market

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