Hybrid Drivetrain Market Size & Share 2021 to 2027

Market Size by Level (Mild HEV, Full HEV, PHEV), by Type (Series, Parallel, Series-Parallel), by Component (HEV, PHEV) & Forecast.
Report ID: GMI4495
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Published Date: June 2021
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Report Format: PDF

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Hybrid Drivetrain Market Size

Hybrid Drivetrain Market size surpassed USD 80.69 billion in 2020 and is estimated to exhibit more than 27.2% CAGR from 2021 to 2027. Rising awareness pertaining to vehicular emissions will drive the industry growth.
 

Government incentives for low and zero-emission vehicles is likely to fuel the market demand. Financial stimuli, such as tax credits and tax exemptions, encourages vehicle adoption by decreasing the upfront costs. For instance, in Shenzhen (China), local authorities are offering support of USD 4 to 5 thousand for every New Energy Vehicle (NEV) to stimulate automotive sales, which was declined impelled by the COVID-19 epidemic. Such initiatives are generating a substantial demand for hybrid drivetrains.
 

Hybrid Drivetrain Market

Research, Development and Demonstration (RD&D) initiatives to lower the overall hybrid vehicle battery cost and resource-associated problems will positively influence the hybrid drivetrain market revenue. Lowering the battery cost and performance enhancement are important to attract more consumers to use hybrid vehicles. According to the International Energy Agency (IEA), the battery cost will lower from USD 5 to 8 hundred per kwh to USD 3 to 4 hundred per kwh to reach breakeven price in comparison with the ICE vehicle driving system.
 

Numerous automotive producers are reducing CO2 emissions due to strict new requirements taking effect in 2020 and 2025. For instance, in 2020, European Union has implemented the regulation that from 2021 onward the average fleet carbon emissions will be restricted to 95 g of CO2 per km, which is influencing the market demand.
 

 

Hybrid Drivetrain Market Analysis

The PHEV segment is set to generate over USD 60 billion by 2027on account of increasing sales and production of plug-in hybrid electric vehicle production in the past few years. In emerging countries including Germany, Spain, and China, the potential of hybrid drivetrain sales is enormous. In 2020, plug-in hybrid electric vehicle production in China was nearly 260 thousand units. According to the U.S. Department of Energy, in 2019, the U.S. had over 20,000 charging stations, compared to 18,000 in 2018. Further, market participants are undertaking strategic agreements for innovative charging technology.
 

In 2020, the series-parallel type held around 65% of the hybrid drivetrain market share led by its higher operational output. The series-parallel drivetrain enables the car to be driven individually by electric motor or IC engine or by both operating together which improves operational range.
 

Hybrid Drivetrain Market, By HEV Components

The battery component segment is expected to capture about 50% market share by 2027 in hybrid electric vehicles. The industry has witnessed some recent development such as newly developed nickel-metal hydride batteries, which has higher life cycle compared to lead-acid batteries and are safe. Decrease in battery cost is achievable with the improvement in chemistry and increase in production scale. Moreover, ongoing electric vehicle developments for automotive controls and batteries will increase the industry growth.
 

Hybrid Drivetrain Market, By Region

Europe hybrid drivetrain market size is forecast to register above 25% CAGR through 2027 owing to the growing government policies and initiatives for low and zero-emission vehicles. The expansion of charging infrastructure, improvements in electric vehicles, and enhancements in driving range will further support the regional market growth. Covid-19 significantly impacted hybrid electric vehicle production and sales in 2020. However, despite the forced lockdown and HEV production pause worldwide, the hybrid electric vehicles (HEV) market observed substantial growth. For instance, according to the European Automobile Manufacturers Association (ACEA) for 2020, the hybrid electric vehicles sales in Europe crossed 1.1 million units.
 

Hybrid Drivetrain Market Share

The hybrid drivetrain market is consolidated with the top ten players holding a significant share. Companies are involved in collaboration with hybrid electric vehicle manufacturers to have a competitive advantage over other players. Manufacturers are developing advanced solutions for high-performance electric vehicles to strengthen their market position.
 

Some of the key manufacturers of the industry are

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

This market research report on hybrid drivetrain includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand Units and revenue in USD million from 2017 to 2027 for the following segments

Market, by Level

  • Mild HEV
  • Full HEV
  • PHEV

Market, by Type

  • Series
  • Parallel
  • Series-Parallel

Market, by Components

  • HEV
    • Power Electronics
    • Battery
    • Electric Motor
    • Controller
  • PHEV
    • Power Electronics
    • Battery
    • Electric Motor
    • Controller

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Sweden
    • Norway
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Chile
  • Middle East & Africa
    • South Africa
       
Authors: Preeti Wadhwani, Aishvarya Ambekar
Hybrid Drivetrain Market Scope
  • Hybrid Drivetrain Market Size
  • Hybrid Drivetrain Market Trends
  • Hybrid Drivetrain Market Analysis
  • Hybrid Drivetrain Market Share

Report Content

Chapter 1   Methodology and Scope

1.1    Market definitions

1.2    Base estimation & working

1.2.1    North America

1.2.2    Europe

1.2.3    Asia Pacific (APAC)

1.2.4    Latin America (LATAM)

1.2.5    Middle East & Africa (MEA)

1.3    Forecast calculations

1.3.1    COVID-19 impact calculations on industry forecast

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    Global hybrid drivetrain industry 360° synopsis, 2017 - 2027

2.1.1    Business trends

2.1.2    Level trends

2.1.3    Type trends

2.1.4    Components trends

2.1.5    Regional trends

Chapter 3   Global Hybrid Drivetrain Industry Insights

3.1    Industry segmentation

3.2    Industry ecosystem analysis

3.2.1    Component supplier

3.2.2    Manufacturer

3.2.3    Profit margin analysis

3.2.4    Distribution channel analysis

3.2.5    Vendor matrix

3.3    Technology landscape

3.4    Battery analysis

3.4.1    Performance analysis

3.4.2    Battery cost structure

3.4.3    Type & weight

3.4.4    Recycling of battery

3.4.5    Potential environmental impacts

3.5    Vehicle charging infrastructure

3.6    Influence of HEV & PHEV on ICE

3.7    Performance analysis of HEV & PHEV

3.8    Pricing analysis (including COVID-19 impact)

3.8.1    Regional price trends

3.9    Cost structure analysis

3.10    Regulatory landscape

3.10.1    North America

3.10.2    Europe

3.10.3    Asia Pacific

3.10.4    Latin America

3.10.5    MEA

3.11    Industry impact forces

3.11.1    Growth drivers

3.11.1.1    Global

3.11.1.1.1    Increasing financial incentive and spending for supporting infrastructure

3.11.1.2    North America

3.11.1.2.1    Stringent emission regulations and initiatives to reduce carbon footprint

3.11.1.3    Europe

3.11.1.3.1    Presence of multiple automotive OEMs along with investments for technology advancements

3.11.1.4    Asia Pacific

3.11.1.4.1    Increasing requirement for clean mobility & transportation solutions

3.11.1.5    Latin America

3.11.1.5.1    Presence of lithium reserves

3.11.1.6    MEA

3.11.1.6.1    High spending on prohibitive cost vehicles and government initiatives to decrease dependency on crude oil

3.11.2    Industry pitfalls & challenges

3.11.2.1    Lack of charging infrastructure

3.11.2.2    High battery cost and supply chain constraints

3.12    Innovation & sustainability

3.13    Growth potential analysis, 2020

3.14    Porter’s analysis

3.15    Competitive landscape

3.15.1    Top player’s analysis, 2020

3.15.2    Strategy dashboard

3.16    PESTLE analysis

3.17    COVID-19 impact on automotive industry

Chapter 4   Hybrid Drivetrain Market, By Level

4.1    Global hybrid drivetrain market insights, by level

4.2    Mild HEV

4.2.1    Global market estimates and forecasts, 2017 - 2027

4.2.2    Market estimates and forecast, by region, 2017 - 2027

4.3    Full HEV

4.3.1    Global market estimates and forecasts, 2017 - 2027

4.3.2    Market estimates and forecast, by region, 2017 – 2027

4.4    PHEV

4.4.1    Global market estimates and forecasts, 2017 - 2027

4.4.2    Market estimates and forecast, by region, 2017 - 2027

Chapter 5   Hybrid Drivetrain Market, By Type

5.1    Global hybrid drivetrain market insights, by type

5.2    Series

5.2.1    Global market estimates and forecasts, 2017 - 2027

5.2.2    Market estimates and forecast, by region, 2017 - 2027

5.3    Parallel

5.3.1    Global market estimates and forecasts, 2017 - 2027

5.3.2    Market estimates and forecast, by region, 2017 – 2027

5.4    Series Parallel

5.4.1    Global market estimates and forecasts, 2017 - 2027

5.4.2    Market estimates and forecast, by region, 2017 - 2027

Chapter 6   Hybrid Drivetrain Market, By Component

6.1    Global hybrid drivetrain market insights, by component

6.2    HEV

6.2.1    Global market estimates and forecasts, 2017 - 2027

6.2.2    Market estimates and forecast, by region, 2017 - 2027

6.2.3    Power electronics

6.2.3.1    Global market estimates and forecasts, 2017 - 2027

6.2.3.2    Market estimates and forecast, by region, 2017 – 2027

6.2.4    Battery

6.2.4.1    Global market estimates and forecasts, 2017 - 2027

6.2.4.2    Market estimates and forecast, by region, 2017 – 2027

6.2.5    Electric motor

6.2.5.1    Global market estimates and forecasts, 2017 - 2027

6.2.5.2    Market estimates and forecast, by region, 2017 – 2027

6.2.6    Controller

6.2.6.1    Global market estimates and forecasts, 2017 - 2027

6.2.6.2    Market estimates and forecast, by region, 2017 – 2027

6.3    PHEV

6.3.1    Global market estimates and forecasts, 2017 - 2027

6.3.2    Market estimates and forecast, by region, 2017 - 2027

6.3.3    Power electronics

6.3.3.1    Global market estimates and forecasts, 2017 - 2027

6.3.3.2    Market estimates and forecast, by region, 2017 – 2027

6.3.4    Battery

6.3.4.1    Global market estimates and forecasts, 2017 - 2027

6.3.4.2    Market estimates and forecast, by region, 2017 – 2027

6.3.5    Electric motor

6.3.5.1    Global market estimates and forecasts, 2017 - 2027

6.3.5.2    Market estimates and forecast, by region, 2017 – 2027

6.3.6    Controller

6.3.6.1    Global market estimates and forecasts, 2017 - 2027

6.3.6.2    Market estimates and forecast, by region, 2017 – 2027

Chapter 7   Hybrid Drivetrain Market, By Region

7.1    Global hybrid drivetrain market regional insights

7.2    North America

7.2.1    Market estimates and forecast, 2017 - 2027

7.2.2    Market estimates and forecast by level, 2017 - 2027

7.2.3    Market estimates and forecast by type, 2017 - 2027

7.2.4    Market estimates and forecast by components, 2017 - 2027

7.2.5    U.S.

7.2.5.1    Market estimates and forecast, 2017 - 2027

7.2.5.2    Market estimates and forecast by level, 2017 - 2027

7.2.5.3    Market estimates and forecast by type, 2017 - 2027

7.2.5.4    Market estimates and forecast by components, 2017 - 2027

7.2.6    Canada

7.2.6.1    Market estimates and forecast, 2017 - 2027

7.2.6.2    Market estimates and forecast by level, 2017 - 2027

7.2.6.3    Market estimates and forecast by type, 2017 - 2027

7.2.6.4    Market estimates and forecast by components, 2017 - 2027

7.3    Europe

7.3.1    Market estimates and forecast, 2017 - 2027

7.3.2    Market estimates and forecast by level, 2017 - 2027

7.3.3    Market estimates and forecast by type, 2017 - 2027

7.3.4    Market estimates and forecast by components, 2017 - 2027

7.3.5    Germany

7.3.5.1    Market estimates and forecast, 2017 - 2027

7.3.5.2    Market estimates and forecast by level, 2017 - 2027

7.3.5.3    Market estimates and forecast by type, 2017 - 2027

7.3.5.4    Market estimates and forecast by components, 2017 - 2027

7.3.6    UK

7.3.6.1    Market estimates and forecast, 2017 - 2027

7.3.6.2    Market estimates and forecast by level, 2017 - 2027

7.3.6.3    Market estimates and forecast by type, 2017 - 2027

7.3.6.4    Market estimates and forecast by components, 2017 - 2027

7.3.7    France

7.3.7.1    Market estimates and forecast, 2017 - 2027

7.3.7.2    Market estimates and forecast by level, 2017 - 2027

7.3.7.3    Market estimates and forecast by type, 2017 - 2027

7.3.7.4    Market estimates and forecast by components, 2017 - 2027

7.3.8    Sweden

7.3.8.1    Market estimates and forecast, 2017 - 2027

7.3.8.2    Market estimates and forecast by level, 2017 - 2027

7.3.8.3    Market estimates and forecast by type, 2017 - 2027

7.3.8.4    Market estimates and forecast by components, 2017 - 2027

7.3.9    Norway

7.3.9.1    Market estimates and forecast, 2017 - 2027

7.3.9.2    Market estimates and forecast by level, 2017 - 2027

7.3.9.3    Market estimates and forecast by type, 2017 - 2027

7.3.9.4    Market estimates and forecast by components, 2017 - 2027

7.3.10    Netherlands

7.3.10.1    Market estimates and forecast, 2017 - 2027

7.3.10.2    Market estimates and forecast by level, 2017 - 2027

7.3.10.3    Market estimates and forecast by type, 2017 - 2027

7.3.10.4    Market estimates and forecast by components, 2017 - 2027

7.4    Asia Pacific

7.4.1    Market estimates and forecast, 2017 - 2027

7.4.2    Market estimates and forecast by level, 2017 - 2027

7.4.3    Market estimates and forecast by type, 2017 - 2027

7.4.4    Market estimates and forecast by components, 2017 - 2027

7.4.5    China

7.4.5.1    Market estimates and forecast, 2017 - 2027

7.4.5.2    Market estimates and forecast by level, 2017 - 2027

7.4.5.3    Market estimates and forecast by type, 2017 - 2027

7.4.5.4    Market estimates and forecast by components, 2017 - 2027

7.4.6    Japan

7.4.6.1    Market estimates and forecast, 2017 - 2027

7.4.6.2    Market estimates and forecast by level, 2017 - 2027

7.4.6.3    Market estimates and forecast by type, 2017 - 2027

7.4.6.4    Market estimates and forecast by components, 2017 - 2027

7.4.7    Australia

7.4.7.1    Market estimates and forecast, 2017 - 2027

7.4.7.2    Market estimates and forecast by level, 2017 - 2027

7.4.7.3    Market estimates and forecast by type, 2017 - 2027

7.4.7.4    Market estimates and forecast by components, 2017 - 2027

7.4.8    South Korea

7.4.8.1    Market estimates and forecast, 2017 - 2027

7.4.8.2    Market estimates and forecast by level, 2017 - 2027

7.4.8.3    Market estimates and forecast by type, 2017 - 2027

7.4.8.4    Market estimates and forecast by components, 2017 - 2027

7.5    Latin America

7.5.1.1    Market estimates and forecast, 2017 - 2027

7.5.1.2    Market estimates and forecast by level, 2017 - 2027

7.5.1.3    Market estimates and forecast by type, 2017 - 2027

7.5.1.4    Market estimates and forecast by components, 2017 - 2027

7.5.2    Brazil

7.5.2.1    Market estimates and forecast, 2017 - 2027

7.5.2.2    Market estimates and forecast by level, 2017 - 2027

7.5.2.3    Market estimates and forecast by type, 2017 - 2027

7.5.2.4    Market estimates and forecast by components, 2017 - 2027

7.5.3    Mexico

7.5.3.1    Market estimates and forecast, 2017 - 2027

7.5.3.2    Market estimates and forecast by level, 2017 - 2027

7.5.3.3    Market estimates and forecast by type, 2017 - 2027

7.5.3.4    Market estimates and forecast by components, 2017 - 2027

7.5.4    Chile

7.5.4.1    Market estimates and forecast, 2017 - 2027

7.5.4.2    Market estimates and forecast by level, 2017 - 2027

7.5.4.3    Market estimates and forecast by type, 2017 - 2027

7.5.4.4    Market estimates and forecast by components, 2017 - 2027

7.6    Middle East & Africa

7.6.1    Market estimates and forecast, 2017 - 2027

7.6.2    Market estimates and forecast by level, 2017 - 2027

7.6.3    Market estimates and forecast by type, 2017 - 2027

7.6.4    Market estimates and forecast by components, 2017 - 2027

7.6.5    South Africa

7.6.5.1    Market estimates and forecast, 2017 - 2027

7.6.5.2    Market estimates and forecast by level, 2017 - 2027

7.6.5.3    Market estimates and forecast by type, 2017 - 2027

7.6.5.4    Market estimates and forecast by components, 2017 - 2027

Chapter 8   Company Profiles

8.1    Aisin Seiki

8.1.1    Business Overview

8.1.2    Financial Data

8.1.3    Product Landscape

8.1.4    Strategic Outlook

8.1.5    SWOT Analysis

8.2    BAE Systems

8.2.1    Business Overview

8.2.2    Financial Data

8.2.3    Product Landscape

8.2.4    Strategic Outlook

8.2.5    SWOT Analysis

8.3    BorgWarner Inc

8.3.1    Business Overview

8.3.2    Financial Data

8.3.3    Product Landscape

8.3.4    Strategic Outlook

8.3.5    SWOT Analysis

8.4    Continental AG

8.4.1    Business Overview

8.4.2    Financial Data

8.4.3    Product Landscape

8.4.4    Strategic Outlook

8.4.5    SWOT Analysis

8.5    Delphi Automotive

8.5.1    Business Overview

8.5.2    Financial Data

8.5.3    Product Landscape

8.5.4    Strategic Outlook

8.5.5    SWOT Analysis

8.6    Denso

8.6.1    Business Overview

8.6.2    Financial Data

8.6.3    Product Landscape

8.6.4    Strategic Outlook

8.6.5    SWOT Analysis

8.7    Hofer Powertrain

8.7.1    Business Overview

8.7.2    Financial Data

8.7.3    Product Landscape

8.7.4    Strategic Outlook

8.7.5    SWOT Analysis

8.8    JATCO Ltd

8.8.1    Business Overview

8.8.2    Financial Data

8.8.3    Product Landscape

8.8.4    Strategic Outlook

8.8.5    SWOT Analysis

8.9    Magna International

8.9.1    Business Overview

8.9.2    Financial Data

8.9.3    Product Landscape

8.9.4    Strategic Outlook

8.9.5    SWOT Analysis

8.10    Magneti Marelli S.p.A

8.10.1    Business Overview

8.10.2    Financial Data

8.10.3    Product Landscape

8.10.4    Strategic Outlook

8.10.5    SWOT Analysis

8.11    Obrist Powertrain

8.11.1    Business Overview

8.11.2    Financial Data

8.11.3    Product Landscape

8.11.4    Strategic Outlook

8.11.5    SWOT Analysis

8.12    Punch Powertrain Nanjing

8.12.1    Business Overview

8.12.2    Financial Data

8.12.3    Product Landscape

8.12.4    Strategic Outlook

8.12.5    SWOT Analysis

8.13    Texas Instruments

8.13.1    Business Overview

8.13.2    Financial Data

8.13.3    Product Landscape

8.13.4    Strategic Outlook

8.13.5    SWOT Analysis

8.14    The Voith Group

8.14.1    Business Overview

8.14.2    Financial Data

8.14.3    Product Landscape

8.14.4    Strategic Outlook

8.14.5    SWOT Analysis

8.15    ZF Friedrichshafen

8.15.1    Business Overview

8.15.2    Financial Data

8.15.3    Product Landscape

8.15.4    Strategic Outlook

8.15.5    SWOT Analysis

Don't see your key competitors?

The companies listed in this report are a curated selection - not the full competitive universe.

Our market revenue calculations use a bottom-up methodology that accounts for all players across all regions - including manufacturers, distributors, and specialists not individually profiled. The profiles section spotlights strategically significant players; it does not define the scope of our market sizing.

Your competitive landscape may also include

Regional or domestic-only leaders not in the global top tier
Distributors and channel partners who control market access
Emerging disruptors, startups, or adjacent-industry entrants
Niche players focused on a specific application or end-use

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Authors: Preeti Wadhwani, Aishvarya Ambekar

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Premium Report Details

Base Year: 2020

Companies Profiled: 16

Tables and Figures: 228

Countries covered: 16

Pages: 225

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