Global Hybrid Drivetrain Market Likely To Escalate Substantially At A CAGR Of Around 13.1% During The Forecast Period

Zion Market Research has published a new report titled “Global Hybrid Drivetrain Market – By Component (PHEV and HEV), By Level (PHEV, Full HEV, and Mild HEV), By Type (Parallel, Series-Parallel, and Series), And By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” According to the report, global Hybrid Drivetrain Market was valued at USD 107.71 Billion in 2023 and is projected to hit USD 326.16 Billion by 2032, with a compound annual growth rate (CAGR) of 13.1% during the forecast period 2024-2032.

Browse the full “Global Hybrid Drivetrain Market – By Component (PHEV and HEV), By Level (PHEV, Full HEV, and Mild HEV), By Type (Parallel, Series-Parallel, and Series), and By Region: Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/hybrid-drivetrain-market

Ongoing discoveries and research activities to mitigate the production cost and to decipher the resource-related problems are likely to escalate the global hybrid drivetrain market. In the electricity-driven vehicle segment, the major focus of the industries is to enhance battery performance. Moreover, several governments are promoting the hybrid drivetrain market in order to cut the carbon emission rate. Several agencies have introduced multiple beneficiaries such as financial incentives in the form of tax credits & tax exemptions with the purchase of hybrid vehicles, which is significantly flourishing the global hybrid drivetrain industry. However, the partial establishment of the charging infrastructure is restricting the adoption of hybrid vehicles, thereby impeding the global hybrid drivetrain market.

“Mild HEV” under level segment is likely to remarkably proliferate the global hybrid drivetrain market

The “mild HEV” category will witness over 35% of the growth rate during the forecast period owing to the rising demand for the variety of vehicles comprising a compact, sub-compact, medium, bulky, and premium automobiles. By designing and launching fully electric cars, the carbon saving potential and preservation of non-renewable energy resources can be enhanced.

“Serial-parallel” category under type segmentation dominates the global hybrid drivetrain market

The series-parallel segment accounts for the major share in the global hybrid drivetrain market owing to the outstanding power output. The electric motor and IC engine either individually or collectively power the vehicle through the drivetrain, which allows the vehicle to direct on the best possible operating range.

Asia Pacific hybrid drivetrain market is contributing largely to escalate the global industry

Extensive beneficiary norms set by the national government in Asian countries to mitigate the carbon emission are probably booting the regional hybrid drivetrain market. Moreover, the rising pollution-related concerns in densely populated countries like China and India support the growing adoption of hybrid vehicles.

Some of the key players of the global Hybrid drivetrain market are- 

• Continental AG
• JATCO Ltd.
• ZF Friedrichshafen
• Denso
• BorgWarner Inc.
• Obrist Powertrain
• Aisin Seiki
• Magna International
• Delphi Automotive
• Punch Powertrain Nanjing
• BAE Systems
• Hofer Powertrain

The report on global Hybrid drivetrain market is segmented into:

Global Hybrid Drivetrain Market: By Component Segmentation Analysis

• PHEV
• HEV

Global Hybrid Drivetrain Market: By Level Segmentation Analysis

• PHEV
• Full HEV
• Mild HEV

Global Hybrid Drivetrain Market: By Type Segmentation Analysis

• Parallel
• Series-Parallel
• Series

Global Hybrid Drivetrain Market: By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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