Published on : Jul 17, 2017
Albany, New York, July 17, 2017: With the cost of fuel rise steeply around the world, and more consumers becoming conscious of the negative impact cars have on the environment, car manufacturers focus their production efforts on new full-electric vehicles as well as new hybrid models. Looking to this fact, analysts have studied that market of hybrid and electric car consumption volume increased with a CAGR of 11.7% between 2012 and 2016; and acquired a total value of 2,580,759.5 units during the same period. Market Research Hub (MRH) has recently added a study titled “Hybrid & Electric Cars Global Industry Guide 2017” to its wide repository, which delivers comprehensive information about the global market and provide readers an entry-level research by identifying size, growth, major segments and the current market leaders in the global hybrid and electric cars markets. Market volume and size have been provided in terms of global, regional and country level markets.
With five year forecasts of 2017 to 2021, this research study presents valuable data by understanding the future growth prospects and market growth trends of the Global hybrid & electric cars market by both value and volume. In terms of geography, the research analyzes some of the prime regions such as Asia-Pacific, Japan, United Kingdom, Europe, United States, Germany and France. For each region, the research presents market overview, market segmentation and outlook covering market dynamics. Subsequently, the study includes drivers and restraints; and covers impact of these drivers and restraints on demand for hybrid and electric cars market during the forecast period of 2017 to 2021. Porter’s Five Forces model for the market has also been included to help understand the competitive landscape in the market.
Moving further, the report provides market key findings on its performance over the last five years. The global hybrid & electric cars market had total revenues of $75,069.0m in 2016, representing a compound annual growth rate (CAGR) of 12.6% between 2012 and 2016. It has been analyzed that the alarming increase in the levels of air pollution has raised concerns of people regarding carbon emissions, leading to their shift towards carbon-free products. Hybrid cars, which are eco-friendly vehicles that use electricity for their functioning, meet their demand perfectly. The growing attentiveness about these eco-friendly vehicles among consumers is driving the global market for hybrid cars exponentially.
Further, the market segmentation includes both hybrid and electric car type, in which electric cars segment refers to all electric vehicles only which is Battery Electric Vehicles (BEVs). While, the hybrid cars segment refers to all types of hybrid electric cars such as plug-in hybrid electric vehicles (PHEVs), Extended Range Electric Vehicles (EREVs) and standard Hybrid Electric Vehicles (HEVs).
The next section of the report contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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