In addition to the conventional drivetrain components such as transfer box, gearbox, clutch etc. hybrid drivetrains comprise of components such as battery packs, electric motors, power electronics and energy storage systems. They are responsible for transmission of power from the engine or electric motor to the wheel axles. As the global electric and hybrid electric vehicle industry continues to expand in markets of Europe and North America, the demand for hybrid drivetrains is expected to rise.
MARKET DYNAMICS
The global hybrid drivetrain market is growing at a significant pace owing to increasing sales of electric and hybrid electric vehicles in China and the US. As major US and China based electric vehicle manufacturers such as Tesla, Inc., BYD Auto Co., Ltd., and BAIC Motor Corporation Limited roll new vehicle models to cater to rising demand for EV and HEV vehicles, the hybrid drivetrain industry is anticipated to thrive in the forecast period. Innovations in battery technology and gradually declining cost of electric batteries is anticipated to have a positive influence on the overall sales of electric vehicles. Implementation of incentives, tax rebatement, and exemption of custom duty on electric and hybrid electric vehicles is expected to have a positive impact on the hybrid drivetrain industry. However the lack of electric vehicle charging charging stations and charging infrastructure may hinder the growth of the EV and HEV markets and subsequently restrain the expansion of the the hybrid drivetrain industry to some extent.
MARKET SCOPE
The "Global Hybrid Drivetrain Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hybrid drivetrain market with detailed market segmentation by type, degree of hybridization, component, and geography. The global hybrid drivetrain market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hybrid drivetrain market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hybrid drivetrain market is segmented on the basis of type, degree of hybridization, and component. On the basis of type, the hybrid drivetrain market is segmented into, series, parallel, and series-parallel. On the basis of degree of hybridization, the market is bifurcated into, mild HEV, full HEV, and PHEV. Based on component, the global hybrid drivetrain market is segmented into, electric Motor, power electronics, controller, battery pack, and inverter/converter.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hybrid drivetrain market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hybrid drivetrain market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hybrid drivetrain market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hybrid drivetrain market in these regions.
MARKET PLAYERS
The reports cover key developments in the hybrid drivetrain market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hybrid drivetrain market are anticipated to lucrative growth opportunities in the future with the rising demand for hybrid drivetrain in the global market. Below mentioned is the list of few companies engaged in the hybrid drivetrain market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hybrid drivetrain market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Adarin ET
- AISIN AW CO., LTD.
- AVL List GmbH
- BAE Systems
- Continental AG
- Dana TM4
- OBRIST Powertrain GmbH
- The Danfoss Group
- Valeo
- ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.