Global Hybrid Powertrain Systems Market Size, Share, and Trends Analysis Report, By Design (Parallel Hybrid, Series Hybrid, and Series-Parallel Hybrid), By Application (Passengers Vehicles and Commercial Vehicles), Forecast (2022-2028)

The global hybrid powertrain systems market is anticipated to grow at a CAGR of 5.0% during the forecast period (2022-2028).  Hybrid Vehicle Powertrain Systems combine conventional powertrain components, an internal combustion engine, and transmission, with new electric components, electric motor, power electronics, and high voltage energy storage, such as a battery. The increase in the income of the people and rapid trends toward comfort and safety are some of the factors driving the growth of the hybrid powertrain systems market. Additionally, an increase in demand for the adoption of luxury vehicles is boosting factors for the growth of the market. However, the increase in demand for electric vehicles can be the restraining factor for the growth of the market.

Some major players in the market include Mitsubishi Electric Corp., Toyota Motor Corp., and Nissan Motor Co., Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in August 2020, Paice LLC, a hybrid vehicle technology provider announced it had signed an agreement to license its patented hybrid technology to Mitsubishi Motors.

Market Coverage      

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Design
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

• Competitive Landscape- Mitsubishi Electric Corp., Toyota Motor Corp., and Nissan Motor Co., Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Hybrid Powertrain Systems Market Report by Segment

By Design

• Parallel Hybrid
• Series Hybrid
• Series-Parallel Hybrid

By Application

• Passengers Vehicles
• Commercial Vehicles

Global Hybrid Powertrain Systems Market Report by Region

North America

• United States
• Canada

Europe

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

Asia-Pacific

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

Rest of the World

• Latin America
• Middle East & Africa