Allied Market Research

2024

Micro-hybrid Vehicle Market

Micro-Hybrid Vehicle Market Size, Share, Competitive Landscape and Trend Analysis Report by Capacity, by Battery type and by Vehicle type : Global Opportunity Analysis and Industry Forecast, 2023-2032

AT : Electric and Hybrid Vehicles

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Author's: | Lalit Janardhan Katare
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Hybrid electric vehicles or HEVs are a type of electric vehicles, which combine an electric propulsion system. A micro-hybrid vehicle uses “start-stop system” where regenerative braking technology helps to stop a combustion engine when the vehicle pulls to a stop, and to restart it when the driver accelerates. Micro hybrid vehicles are useful in cutting fuel consumption and the hazardous vehicular emissions. There are several different versions of the system, which are now being called as the “simplest hybrid technology” in the international market. Micro-hybrid manufacturers claim the cars can deliver 5-10% better fuel economy and therefore lower tailpipe emissions. Thus, micro-hybrid vehicles provide numerous benefits as compared to the conventional fuel-consuming vehicles.

Covid-19 Scenario Analysis

  • The global market for micro-hybrid vehicle is severely impacted by the outbreak of the COVID-19 pandemic.
  • The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
  • Thus, insufficiency in raw material supply is expected to hamper the production rate of micro-hybrid vehicles, which negatively impact the market growth.
  • However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

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

The significant factors impacting the growth of global micro hybrid vehicle market are reduce in greenhouse gas emission and enhancing the fuel efficiency of the vehicles. However, reliability issues of battery terminals hampers the growth of global micro hybrid vehicle market. On the other hand, vast improvements in battery technology and cost reductions provides an opportunity to global micro hybrid vehicle market to grow in near future.

Reduce in greenhouse gas emission

Micro hybrid cars can emit 46% less greenhouse gases than regular vehicles. Micro hybrid vehicles have energy management functions like idle stop and start which emit less gases. Reduce in greenhouse gas emission results in the growth of micro hybrid vehicle market.

Enhancing the fuel efficiency of the vehicles

Micro hybrid vehicles have very important feature of start-stop function. Start-stop systems could help to reduce exhaust pipe emissions. Reduction in the emissions through pipe boosts the fuel efficiency of vehicles. Thus improved fuel efficiency leads to the growth of micro hybrid vehicle market in near future.

Key benefits of the report:

  • This study presents the analytical depiction of global micro-hybrid market 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 detailed analysis of global micro-hybrid market share.
  • The current market is analyzed to highlight the global micro-hybrid market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global micro-hybrid market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global automotive foam market research report:

  • Which are the leading players active in global micro-hybrid market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?

Micro-Hybrid Vehicle Market Report Highlights

Aspects Details
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By Capacity
  • 48 Volt
  • 12 Volt
  • Others
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By Battery type
  • Lithium ion
  • Lead based
  • Others
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By Vehicle type
  • Light vehicles
  • Heavy vehicles
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By Region
  • North America 
  • Europe 
  • Asia-Pacific 
  • LAMEA 
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Key Market Players

Toyota Motor Corporation, Audi AG, General Motors Company, Fuji Motor Corp, Jaguar Land Rover, Hyundai Motor Company, BMW AG, Fiat Automobiles S.P.A., Nissan, Daimler AG

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Micro-Hybrid Vehicle Market

Global Opportunity Analysis and Industry Forecast, 2023-2032