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Passenger car segment to be the largest segment of the hybrid vehicle market, by vehicle type

The passenger car segment is projected to lead the hybrid vehicle market. The growth can be attributed to the high demand for personal mobility, increasing per capita income, and improved lifestyle, which are the driving factors of the sales of passenger cars. The high sales of passenger cars, stringent emission laws, and increasing demand for mid- and large-sized cars are propelling the growth of passenger cars in the hybrid vehicle market. Also, the governments in many countries are providing purchase grants and tax rebates on the purchase or lease of hybrid vehicles.

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Passenger car segment to be the largest segment of the hybrid vehicle market, by vehicle type

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  1. Hybrid Vehicle Market by Electric Powertrain (Parallel, Series), Degree of Hybridization (Full, Micro, and Mild), Propulsion (HEV, PHEV, and NGV), Vehicle Type (PC, CV), Component (Battery, Electric Motor, and Transmission), and Region - Global Forecast to 2025 www.MarketsandMarkets.com

  2. The parallel hybrid segment is estimated to be the fastest growing and the largest market in the hybrid vehicle marketduring the forecast period Parallel hybrid is one of the fastest growing markets by electric powertrain in the hybrid vehicle market due to its less complex system and high performance. It is also suitable for long distance travel. Also, the energy conversion losses are minimized in a parallel hybrid as the engine and battery are connected to the motor directly. The regenerative braking system is the most commonly used technology in hybrid vehicles. The use of the regenerative braking system and the lesser cost of micro and mild hybrids compared to PHEVs will boost the demand for parallel hybrids. Hence, the parallel hybrid segment is expected to dominate the hybrid vehicle market during the forecast period. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=159441728

  3. Passenger car segment to be the largest segment of the hybrid vehicle market, by vehicle type The passenger car segment is projected to lead the hybrid vehicle market. The growth can be attributed to the high demand for personal mobility, increasing per capita income, and improved lifestyle, which are the driving factors of the sales of passenger cars. The high sales of passenger cars, stringent emission laws, and increasing demand for mid- and large-sized cars are propelling the growth of passenger cars in the hybrid vehicle market. Also, the governments in many countries are providing purchase grants and tax rebates on the purchase or lease of hybrid vehicles. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=159441728

  4. The parallel hybrid is estimated to be largest and fastest growing market, in terms of volume, in the hybrid vehicle market, by electric powertrain type. The market for parallel hybrids is likely to grow due to the increased use of regenerative braking technology. The regenerative braking system is the most commonly used technology in hybrid vehicles. The use of the regenerative braking system and the lesser cost of micro and mild hybrids compared to PHEVs will boost the demand for parallel hybrids. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=159441728

  5. Asia Pacific is projected to be the fastest growing regional market for a hybrid vehicle Asia Pacific represents the biggest market for green technologies in the world. The growth of hybrid vehicles in the region is mainly attributed to the huge sales volume in Japan and China. To combat rising emissions, countries in the region are focusing on deploying a large fleet of low-emission vehicles in the next few years. Also, Asia Pacific region is the home for major players in the hybrid vehicle market such as Toyota, Honda, Nissan, Kia, BYD, Hyundai, and others. Toyota has the highest share in the hybrid vehicle sales worldwide. Moreover, governments of Asian countries are supporting the growth by providing subsidies which are fueling the hybrid vehicle market in the region. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=159441728

  6. Market Ecosystem: The ecosystem of the hybrid vehicle market consists of hybrid vehicle technology manufacturers such as Delphi (UK), Continental (Germany), BorgWarner (US), ZF (Germany), and Schaeffler (Germany). The OEMs considered include Toyota (Japan), Honda (Japan), Hyundai (South Korea), Daimler (Germany), and Nissan (Japan). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=159441728

  7. Browse >> 54 market data tables 71figures 154 pagesand in-depth TOC on "Hybrid Vehicle Market by Electric Powertrain (Parallel, Series), Degree of Hybridization (Full, Micro, and Mild), Propulsion (HEV, PHEV, and NGV), Vehicle Type (PC, CV), Component (Battery, Electric Motor, and Transmission), and Region - Global Forecast to 2025“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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