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Hybrid Powertrain Market Share

Report ID: GMI6865
Published Date: Oct 2023
Report Format: PDF

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Hybrid Powertrain Market Share

Some of the major companies operating in the hybrid powertrain market are:

Toyota Motor Corporation
Honda Motor Co., Ltd.
Ford Motor Company
Hyundai Motor Company
General Motors Company
Volkswagen Group
BMW AG
Daimler AG (Mercedes-Benz Group AG)
Subaru Corporation
Fiat Chrysler Automobiles (FCA)
Porsche AG
Nissan Motor Co. Ltd.
Kia Corporation
AB Volvo
Mitsubishi Motors Corporation

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of hybrid powertrain reached USD 97 billion in 2022 and is set to cross USD 390.3 billion by 2032, led by the increased emphasis on sustainability and responsible manufacturing practices in response to growing environmental awareness and regulations.

Full hybrid (HEV) powertrain industry generated USD 66 billion in revenue in 2022, due to their superior fuel efficiency, reduced emissions, and increased focus on sustainable transportation solutions worldwide.

U.S. market accounted for USD 11.1 billion in revenue in 2022, propelled by the increasing environmental awareness and government incentives.

Some major hybrid powertrain companies are Toyota Motor Corporation, Honda Motor Co., Ltd., Ford Motor Company, Hyundai Motor Company, General Motors Company, Volkswagen Group, BMW AG, Daimler AG (Mercedes-Benz Group AG), Subaru Corporation, and Fiat Chrysler Automobiles (FCA).