Hybrid Commercial Vehicle Market Size to Increase by 529.93 Thousand Units between 2021 and 2025 | Decreasing Prices of Li-Ion batteries to Drive Growth | Technavio
NEW YORK, Oct. 1, 2021 --
Technavio's latest research report, "Hybrid Commercial Vehicle Market by Type and Geography - Forecast and Analysis 2021-2025" offers a comprehensive analysis on new product launches, the latest trends, and the post-pandemic impact on businesses.
The hybrid commercial vehicle market is estimated to grow by 529.93 thousand units between 2021 and 2025. However, the growth momentum is expected to decelerate at a CAGR of almost 35% during the forecast period.
Download this Hybrid Commercial Vehicle Market Report to uncover new strategies to make the most of future growth opportunities.
Market Dynamics
Factors such as government efforts and stringent regulations on emissions and increasing government support to promote EVs will be crucial in driving the growth of the market. But the high upfront cost of hybrid CVs will restrict the market growth.
The decreasing prices of lithium-ion batteries will have a positive impact on the growth of vendors. On the other hand, the consumer reluctance to purchase EVs due to range anxiety and battery replacement issues is expected to reduce the growth potential in the market.
Company Profiles
The hybrid commercial vehicle market report provides complete insights on key vendors including AB Volvo, CNH Industrial NV, Daimler AG, Ford Motor Co., Isuzu Motors Ltd., Navistar International Corp., PACCAR Inc., Tata Motors Ltd., Toyota Motor Corp., and Volkswagen AG.
Competitive Analysis
The report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Type, the market is classified into LCVs and M and HCVs. The market is expected to witness strong growth in the LCVs segment during the forecast period.
- By Geography, the market is analyzed across APAC, North America, Europe, South America, and MEA. APAC will have the largest share of the market.
Related Reports:
Global Hybrid Electric Vehicle Market - Global hybrid electric vehicle market is segmented by degree of hybridization (full HEVs, mild HEVs, and PHEVs) and geography (APAC, Europe, North America, South America, and MEA).
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Global Hybrid and Electric Vehicle Fuses Market - Global hybrid and electric vehicle fuses market is segmented by application (HEVs and BEVs) and geography (APAC, Europe, North America, South America, and MEA).
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Hybrid Commercial Vehicle Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerating at almost 35% |
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Market growth 2021-2025 |
529.93 thousand units |
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Market structure |
Fragmented |
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YoY growth (%) |
41.13 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 61% |
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Key consumer countries |
China, US, Japan, Germany, and Norway |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
AB Volvo, CNH Industrial NV, Daimler AG, Ford Motor Co., Isuzu Motors Ltd., Navistar International Corp., PACCAR Inc., Tata Motors Ltd., Toyota Motor Corp., and Volkswagen AG |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
