Global Electric & Hybrid Multi-Purpose Vehicle Market by Type (Battery Electric Vehicle, and Hybrid Electric Vehicle), Tonnage (Up to 3.5 Tons, and Above 3.5 Tons), and End Usage (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027

Pages: NA
Sep 2020 | 126 Views
Author(s) : NA
Tables: NA
Charts: NA


Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Global Electric & Hybrid Multi-purpose Vehicle Market

Request Now !

Electric & hybrid multi-purpose vehicles (MPV) are designed to maximize the interior space for transporting passengers as well as cargo in rear seating rows. MPV’s are installed with reconfigurable seats in rear three rows, a higher roof, flat floor and sliding doors for rear passengers. Furthermore, the upright seating positions maximizes the use of interior space to feel more spacious and comfortable. The seating arrangement of MPV has two or three rows, which conveniently could serve 5-8 passengers. Electric & Hybrid MPV’s use unibody frame construction and thus are lightweight. Additionally, improved frame construction and reduced weight results in better handling & fuel-efficiency. Therefore, improved frame construction and better fuel efficiency is expected to drive the growth of the global electric & hybrid multi-purpose vehicle market in near future. 


Market scope and structure analysis:

                     Report Metric


  Market size available for years


  Base year considered


  Forecast period


  Forecast units

  Value (USD)

  Segments covered

  Type, Tonnage, End Usage, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

  • Major players analyzed include Toyota Group, Renault-Nissan Alliance, Honda, Daimler, BYD, Volkswagen, Hyundai, MAN, Volvo and Tesla.


COVID-19 scenario analysis: 

  • Electric & hybrid multi-purpose vehicles is an evolving sector; however, a major impact on the production and sales operations have been observed, owing to the Corona virus pandemic.
  • Majority of electric and hybrid multi-purpose vehicle manufacturers have suspended all manufacturing operations, owing to the government declared lockdown due to which devastating losses were witnessed.  
  • The manufacturers are losing momentum toward the electrification of the multi-purpose vehicles due to the Corona virus; therefore, disrupting the investments and liquidity for the electric & hybrid multi-purpose vehicle segment.
  • The affected countries are facing issues such as closure of factories and unavailability of workforce owing to COVID-19 pandemic which further causes a major cash flow problem for the electric & hybrid multi-purpose vehicle manufacturers.
  • As the governments all over the world have declared lockdowns over the past few months the need for rebalancing the risks and liquidating the assets is required in order to optimize the flexibility of electric & hybrid multi-purpose vehicle manufacturers. 

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Increase in demand for electric & hybrid electric vehicles, favorable government policies & subsidies regarding electric vehicles, and growth in concerns over environmental pollution are driving the growth of the market. However, high manufacturing & maintenance cost is expected to hamper the growth of the market. On the contrary, charging stations powered by renewable energy such as solar energy is expected to create an opportunity for the market investments.

The global electric & hybrid multi-purpose vehicle market trends are as follows:

Growing concerns over environmental pollution 

The internal combustion engine vehicles emit a high volume of carbon discharge in the environment which is encourages the consumers to shift from diesel engine to electric & hybrid vehicles. Governments across the world have taken initiatives to deploy electric vehicles to control the environmental pollution level and improve the air quality. For instance, electric vehicle initiative (EVI), a multi firm government policy forum established in 2009 under clean energy ministerial (CEM), helped major electric vehicle manufacturers to accelerate the production of electric & hybrid MPV’s globally. Furthermore, initiatives to deploy electric multi-purpose vehicle will reduce the dependence on crude oil. Therefore, growing concerns over environmental pollution is expected to boost the growth of the electric & hybrid multi-purpose vehicle market.    

High manufacturing & maintenance cost

Electric & hybrid multi-purpose vehicles have major advantages over diesel MPV’s, however the manufacturing and maintenance cost for the electric MPV is higher than internal combustion engine vehicles. Moreover, the reason for high cost of electric MPV’s is primarily due to lower production level. Furthermore, the unavailability of infrastructure required for the electric & hybrid MPV growth has proved to be a negative factor, which further affects the growth of the electric MPV market. Therefore, unavailability of infrastructure and high manufacturing cost is expected to hamper the growth of the electric & hybrid multi-purpose vehicle market.

Key segments covered:




  • Battery Electric Vehicle
  • Hybrid Electric Vehicle


  • Up to 3.5 Tons
  • Above 3.5 Tons

  End Usage

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles


  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
    • Brazil
    • Turkey
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA


Key benefits of the report:

  • This study presents the analytical depiction of the electric & hybrid multi-purpose vehicle industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the electric & hybrid multi-purpose vehicle market.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the electric & hybrid multi-purpose vehicle market growth scenario.
  • We can also determine electric & hybrid multi-purpose vehicle will remain a significant revenue shareholder in the global electric & hybrid multi-purpose vehicle market through the predictable future.

Questions answered in the global electric & hybrid multi-purpose vehicle market research report:

  • Which are the leading market players active in the electric & hybrid multi-purpose vehicle market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.


Start reading ,This title and over 12000 thousand more,available with Avenue Library,  T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at










Purchase Full Report of
Global Electric & Hybrid Multi-Purpose Vehicle Market

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise

  • $8,995  $8,096
  • Unlimited
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library.  T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers


Featured Reports


Featured Readings


Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts