By the end of 2032, the market for hybrid electric vehicles in Europe is expected to be worth US$15.7 billion, growing at an excellent CAGR of 14.2%. As a result, during the next ten years, the market for hybrid electric vehicles in Europe is expected to create an absolute dollar opportunity worth US$ 11.6 billion.
A form of technology called closed molding enables the production of superior polymer composite parts in a shorter period, with fewer scraps, and with lower volatile gas emissions. Open molding techniques are being replaced by closed molding techniques since the former carry poor qualities and environmental problems.
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A firm can examine its own strengths and resources in the context of dynamically changing business needs with the help of FactMR’s research insights while keeping an eye on the current difficulties. The purpose of dedicated sections for competitive analysis and segmentation is to inform readers about the state of the arcade making it further highlighting factors that need the attention of business policymakers. Companies must conduct market research before launching any promotions in order to forecast future trends. This market research report on hybrid electric vehicles is primarily intended to assist businesses in the automotive industry in understanding important opportunities and growth plans for the foreseeable future.
This high growth is attributed to factors such as escalating demand for fuel-efficient automobiles and rising environmental consciousness among consumers in these regions. Also, a high emphasis on the development of innovative designs and advanced technologies to produce low or zero-emission vehicles with high-performance engines and soundless operations is boosting market growth.
Competitive Landscape: Top Companies in Hybrid Electric Vehicles Market
The hybrid electric vehicles market in Europe is likely to surge from a nascent stage on the back of healthy investments by private players in the market and supporting regulatory policies and regulations by governments.
In addition, the rising interest of consumers in electric vehicles on the back of controlling emissions will pave the way for new opportunities in the market. Investments and research & developmental activities undertaken by market players to innovate their product offerings will also aid market growth and development.
- Volkswagen AG, as part of the expansion of its electric vehicles business, acquired 25% stake in 24M technologies in 2022 , including investment in QuantumScape, a battery-related start-up.
- Robert Bosch GmbH is supporting the electrification of transportation, ranging from bicycles to cars. The new technology introduced by Bosch in 2021 in electric motors and inverters with silicone carbide technology offers efficiency in the system by up to 97%. The company is also preparing for the large-scale production of fuel cells in cars and trucks.
Fact.MR has provided detailed information about the price points of key manufacturers of hybrid electric vehicles positioned across countries in Europe, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Europe Hybrid Electric Vehicles Industry:
Europe Hybrid Electric Vehicles Market by Power Source :
- Stored Electricity Hybrid Electric Vehicles
- On-Board Electric Generator Hybrid Electric Vehicles
· Europe Hybrid Electric Vehicles Market by Power Train :
- Series Hybrid Electric Vehicles
- Parallel Hybrid Electric Vehicles
- Combined Hybrid Electric Vehicles
· Europe Hybrid Electric Vehicles Market by Vehicle Type :
- Passenger Cars
- Commercial Vehicles
· Europe Hybrid Electric Vehicles Market by Country :
- Rest of Europe
Questionnaire answered in the Market outlook Report of Europe Hybrid Electric Vehicles include:
- What is the key strategy deployed by large players to maximize Europe Hybrid Electric Vehicles growth?
- What are the main challenges faced by players in the Europe Hybrid Electric Vehicles Demand?
- With the advent of technological advancement, how will the Europe Hybrid Electric Vehicles landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Europe Hybrid Electric Vehicles size?
How will be insights and market estimations provided in the Fact.MR report on the Demand Europe Hybrid Electric Vehicles make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balanced perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets