Global Market Study on Plug-in Hybrid Electric Vehicles: Europe will be Fastest Expanding Market for PHEVs during 2017 - 2022


Plug In Hybrid Electric Vehicles Market
  • Report code : PMRREP18595 |
  • Industry : Automotive |
  • Published On : Sep-2017 |
  • Pages : 170 Pages |
  • Format :

Persistence Market Research (PMR) has recently delivered an insightful, comprehensive, and unbiased report titled “Plug-in Hybrid Electric Vehicles Market: Global Industry Analysis (2012-2016) & Forecast (2017-2022)”. The report explores the global market for plug-in electric vehicles in detail, and covers the market dynamics comprehensively, providing report readers with trends, drivers, and restraints impacting growth of the global PHEVs market. In addition, the report examines data across different parameters in order to deduce the value of the global plug-in hybrid electric vehicle market. The report has also covered competition landscape of the global PHEVs market, offering information about key market participants.

Structure of Report

The beginning chapter of the report provides an executive summary of the global PHEVs market. The executive summary offers an outline of the market, and provides the most significant & pertinent market numbers, including the market’s historical CAGR during 2012 to 2016, and forecast CAGR during 2017 to 2022. This chapter also provides information about attractive markets in terms of highest CAGR and largest revenue share of the global PHEVs market. Following the executive summary, a detailed introduction of the market has been rendered by the report, followed by a clear definition of the targeted product – plug-in hybrid electric vehicles.

The report further provides insights about industry trends, macroeconomic factors fuelling the market growth, and the untapped opportunities for leading market players. Subsequent chapters of the report shed light on supply chain analysis, pricing analysis, cost structure, supplier list, and product life cycle. With the aid of an intensity map, presence of market players around the world has been illustrated by the report.

Market Taxonomy

The report has offered forecast of the global plug-in hybrid electric vehicles market based on a segmentation analysis. The global PHEVs market has been segmented on the basis of vehicle type, powertrain, power source, and region. The chapters of the report offering forecast on segmentation analysis comprise market numbers in terms of revenue comparison, market share comparision, and Y-o-Y growth comparison. The report also offers analysis of the global PHEVs market across 6 key regions viz. Asia-Pacific excluding Japan (APEJ), North America, Europe, Latin America, Middle East & Africa (MEA), and Japan.

Region

Power Source

Powertrain

Vehicle Type

  • North America
  • Stored Electricity
  • Series Hybrid
  • Passenger Cars
  • Latin America
  • On Board Electric Generator
  • Parallel Hybrid
  • Commercial Vehicles
  • Europe
  • Combined Hybrid
  • Two Wheelers
  • Japan
  • Others (Golf Cart etc.)
  • APEJ
  • MEA

Competition Landscape

The concluding chapters of the report provide information about the market’s competition landscape, profiling leading players operating in the global PHEVs market in detail. Information rendered about the market players is in terms of company overview, key financials, product overview, and key developments made by the market players. The competition landscape of the market offered by the report has also featured SWOT analysis of few selected companies. The competition landscape is an imperative for report readers as it comprises all necessary information required for studying current standings of leading players in the global PHEVs market, and how these players will implement their vision and strategies for staying at the forefront of this highly competitive market.

Research Methodology

Analysts from Persistence Market Research (PMR) have leveraged a proven & tested research methodology for arriving at revenue estimations related to the global PHEVs market. An in-depth secondary research has been done for arriving at overall market size, along with contributions of leading industries. The analysts have also conducted detailed primary interviews with industry experts to gather authentic data associated with the market. Data obtained is then validated, and scrutinized with the help of advanced tools for gleaning pertinent insights related to the global PHEVs market.

Plugin Hybrid Electric Vehicles, or, PHEVs, combine a large rechargeable battery and an electric motor with a diesel or gasoline engine. PHEVs are capable of being plugged-in and recharged through an outlet, enabling them to drive longer distances by utilising just electricity.

Greening up the Grid & Utilising Exiting Electricity Infrastructure to be More Convenient

Plug-in hybrid electric vehicles possess the potential of reducing greenhouse gas emissions, with increased fuel efficiency and longer driving ranges, which are not limited by capacity of the battery. Leading manufacturers of PHEVs believe in the fact that “greening up the grid and utilising exiting electricity infrastructure would be more convenient, instead of building a completely new vehicle refuelling infrastructure for accommodating greener liquid fuels for purpose of transportation.

Global Plug-In Hybrid Electric Vehicles Market.JPG

Over the next decade, PHEVs are expected to offer relatively lower lifecycle costs than hydrogen fuel-cell as well as internal combustion (IC) vehicles. By 2025, 100 new models of PHEVs would be launched, with an estimated 3.7 Mn units to be sold. This indicates a transformational growth for the global plug-in hybrid electric vehicles market, which would be mainly driven by factors such as consumer attraction toward more appealing alternatively-fuelled vehicles.

High Performance & Luxury Automobile Manufacturers Shifting their Focus toward Hybrid Technology

In a bid to comply with stringent emission targets, automotive giants including Mercedes Benz, BMW, and Volkswagen, are concentrating on development of electrified platforms. High-performance & luxury automobile manufacturers are shifting their focus toward hybrid technology. Several research centres, for example – The Plug-in Hybrid & Electric Vehicle (PH&EV) Research Center are collaborating with utilities, regulators, automakers, as well as other research institutes such as Electric Power Research Institute. The collaborations aim at the development of a sustainable market for plug-in hybrid electric vehicles.

However, majority of the population across the globe is unaware of the PHEV technology. In addition, consumers are hesitant when it comes to unfamiliar technologies, for example – there may be doubts concerning batter life and its replacement cost, along with recharging time and convenience. Manufacturers are therefore concentrating on forging a strong partnership with retail car dealers, with an aim of spreading awareness and information about PHEVs among customers, and also exceeding the level of competence.

Staggering Expansion Projected for Global PHEVs Market through 2022

The global market for plug-in electric vehicles will exhibit a staggering expansion throughout the forecast period 2017 to 2022, as projected by a latest study of Persistence Market Research (PMR). The global PHEVs market is estimated to surpass revenues worth US$ 20,000 Mn by 2022-end.

Europe is projected to be the fastest expanding market for PHEVs through 2022. In addition, Asia-Pacific excluding Japan (APEJ) will continue to be the largest market for PHEVs, with sales estimated to exceed US$ 8,000 Mn in revenues by 2022-end. In contrast, Middle East & Africa (MEA) is anticipated to be the least lucrative market for PHEVs over the forecast period.

Sales of Stored Electricity PHEVs to Outgrow Sales of On-board Electric Generator PHEVs

On the basis of power source, sales of stored electricity PHEVs are expected to outgrow sales of on-board electric generator PHEVs through 2022. Sales of stored electricity PHEVs are expected to account for over three-fourth revenue share of the market during 2017 to 2022.

Based on powertrain, parallel hybrid PHEVs are expected to remain sought-after among consumers, with sales projected to expand at a high double-digit CAGR through 2022. Sales of series hybrid, and combined hybrid PHEVs will collectively account for over one-fourth revenue share of the market throughout the forecast period.

Accounting for over half revenue share of the market during 2017 to 2022, passenger cars will remain dominant in the global PHEVs market, based on vehicle type. In addition, revenues from two wheeler PHEVs are expected to be relatively lower, however their sales are expected to witness a robust expansion through 2022.

Company Profiles

PMR’s report has profiled key participants in the global PHEVs market, which include Renault SA, Nissan Motor Corporation, Limited, Volkswagen AG, Honda Motor Company, Limited, General Motors, Ford Motor Company, Daimler AG, Bayerische Motoren Werke AG, Mitsubishi Heavy Industries Ltd., and Toyota Motor Corporation.

Company Profiles

  • Nissan Motor Corporation Ltd.
  • Bayerische Motoren Werke AG
  • Honda Motor Co., Ltd.
  • Mitsubishi Motors Corporation
  • Toyota Motor Corporation
  • Volkswagen AG
  • Tesla Motors, Inc.
  • Groupe Renault
  • Ford Motor Company
  • Daimler AG
  • General Motors Company
  • Groupe PSA
  • Others.
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