Hybrid Drivetrain Market Size & Share Report, Growth, Trends, 2032

Global Hybrid Drivetrain Market Insights

According to a report from Zion Market Research, the 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. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Hybrid Drivetrain industry over the next decade.

Request Free Sample

The report covers in-depth analysis of the strategies adopted by major competitors in the global hybrid drivetrain market. To understand the competitive landscape in the global hybrid drivetrain market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.

Request Free Sample

Global Hybrid Drivetrain Market: Segmentation

The research study provides a decisive view on the global Hybrid drivetrain market based on component, level, type, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2024 to 2032.

Based on type, the global Hybrid drivetrain market is segmented into parallel, series-parallel, and series.

On the basis of the component, the market is divided into PHEV and HEV. In terms of the level, the market is sectored into PHEV, Full HEV, and Mild HEV.

The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.

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.

Hybrid Drivetrain Market: Report Scope

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

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

This report segments the global Hybrid drivetrain market 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