A vehicle that utilizes two or more different fuel sources to operate and to move the vehicle is known as a hybrid vehicle. Such term is often referred to the electric hybrid vehicles, which merge one or more electric motors to an internal combustion (IC) engine. There are also other several mechanisms to utilize the captured energy such as human–hybrid (human-electric) vehicles. These vehicles are environmentally friendly and are being promoted by automobile & automotive manufacturers and local governments. Hybrid vehicles are often powered by a number of sources such as solid combustibles, human powered, CNG, LNG, hydrogen, electricity, electromagnetic fields, petrol, diesel wind and solar power. These vehicles are designed according to the power source and its availability. Light duty vehicles are mainly used for city transport of as a personal vehicle. Current hybrid light duty vehicle designs are an extension of electric vehicles. In current development stage electric powered vehicles don’t provide long run in a single charge. Similarly, bio-fuel powered vehicles have constrained of power output. Light duty hybrid vehicles provide an advantage over these problems and provide more power as well as a good range in single go.
 
There are various design modifications of hybrid vehicles such as light duty and heavy duty. Light duty vehicles are further classified as hatchback cars, bikes and others. According to the technology, light duty hybrid vehicles can further be classified as human-electric powered vehicles, petroleum-electric powered vehicles, bio-fuel-petroleum powered vehicles and others. These vehicles are becoming a trend in the North America and Europe industry. Thus, North America and Europe automotive industries are leading in the light duty hybrid vehicle market. However, considering the future possibility of cost reduction in this market, Asia Pacific and RoW are likely to capture a considerable market share in light duty hybrid vehicle market.
 
One of the major driving factors of this market is growing awareness regarding the use of emission free vehicles. However, current green powered vehicle designs don’t allow producing the same power as that of petroleum powered. Thus, such factors are creating the need of hybrid vehicles in the light duty applications. Nevertheless, government initiatives, incentive schemes and subsidies to promote less polluting vehicles are also propelling the market. Conversely, higher cost of manufacturing, unavailability of spare parts globally and market domination by petroleum powered vehicles are holding back the market in some areas. The market has been in a growing phase yet and is likely to widen up the opportunities in the forecast period.
 
The product development in light duty hybrid vehicle market takes a lot of technological advancement and requires high amount of capital. Additionally, the research and development activities, employing high skilled manpower and patent related issues hindered the new entrants of small players in the market. Strategic joint ventures, technological agreements can be seen among the big automakers come up with the advance vehicles. 
 
Some of the major players dealing in light duty hybrid vehicles market include Volvo (Geely), National Electric Vehicle Sweden AB, Toyota Motor Corporation, BYD Auto Co., Ltd., Bayerische Motoren Werke AG (BMW), Chrysler Group LLC, Ford Motor Company, Daimler-Benz AG, General Motors Company, Nissan Motor Co., Ltd., Hyundai Motor Group- Kia Motors Corporation (Hyundai-Kia), Porsche (Volkswagen Group), PSA Peugeot Citroën, Audi – Bentley (Volkswagen Group), Changan Automobile Company Limited, Honda Motor Company, Ltd, TATA (Jagaur Land Rover), Mazda Motor Corporation, Mitsubishi Corporation (Mitsubishi Motors) and Chery, Faw, Geely among others.
 
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
Reasons for Buying this Report
  • This report provides pin-point analysis for changing competitive dynamics
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  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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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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