Hybrid Vehicle Market - Top Companies and Manufacturers

  • Report ID: 4772
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Companies Dominating the Hybrid Vehicle Landscape

    • Nissan Motor Co. Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Toyota Motor Corporation
    • Hyundai Motor Company
    • Kia India Pvt. Limited
    • Honda Motor Company Ltd.
    • Ford Motor Company
    • Continental AG
    • Mercedes- Benz AG
    • Audi AG
    • Renault S.A.S

Browse Key Market Insights with Data Illustration:

In the News

  • Ford Motor Company is ramping up production at North American plants to meet strong customer demand for vehicles including the Mustang Mach-E, F-150 Lightning, Bronco Sport and Maverick. The company is also preparing to launch all-new versions of four flagship vehicles in 2023: the Super Duty, Ranger, Mustang and Escape.

  • For years, the technology company Continental AG has been supporting an ecological and cost-effective electrification of 48 volts, which could be used in both gasoline and diesel engines. Before IAA 2019, Powertrain presented the latest innovation in its 48-volt drive solution: a 48-volt high-power drive system with a power output of 30 kW. A full hybrid car with 48-volt technology - this was previously considered impossible. In order for a hybrid vehicle to run on electricity only, the electrical part of the power train would typically use high voltage technology - high voltages of 800 volts. However, Continental engineers managed to develop a 48-volt hybrid system with similar characteristics to high-voltage electric drive, namely 48-volt high-power technology.


Author Credits:  Saima Khursheed


  • Report ID: 4772
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of hybrid vehicle is estimated at USD 307.49 billion.

The hybrid vehicle market size was over USD 291.18 billion in 2024 and is projected to cross USD 692.49 billion by the end of 2037, witnessing more than 6.9% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by rise in petrol prices, growing government initiatives for the adoption of hybrid vehicles, surge in adoption of hybrid vehicles, and others.

Asia Pacific industry is set to have the highest growth rate till 2037, backed by growing pollution in this region along with surge in initiatives by government in order to encourage adoption of eco-friendly vehicles in the region.

The major players in the market include Nissan Motor Co. Ltd., Toyota Motor Corporation, Hyundai Motor Company, Kia India Pvt. Limited, Honda Motor Company Ltd., Ford Motor Company, Continental AG, Mercedes- Benz AG, Audi AG, Renault S.A.S.
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